Pritika Auto Industries Limited (PRITIKAUTO)
₹15.39 -1.72% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Pritika Auto's revenue was ₹145 Cr (+26.5% year on year, +4.7% on the previous quarter), and net profit ₹7.1 Cr (+16.7% year on year); the operating margin was 13.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹145 | +26.5% | +4.7% |
| Operating profit | ₹19.5 | +11.8% | +17.1% |
| Net profit | ₹7.1 | +16.7% | +49.1% |
| EPS (₹) | 0.37 | +42.3% | +42.3% |
| Operating margin | 13.5% | — | — |
PRITIKAUTO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 52.98% of the PRITIKAUTO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 62.59%. That is close to its usual level. Turnover was only ₹37 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 42.7% · 66.9% · 74.1% · 89.4% · 53.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Pritika Auto Industries announced that the High Court of Himachal Pradesh has ruled in its favor, quashing an adverse GST order. The High Court order dated October 7, 2026 set aside the February 3, 2025 order passed by the Deputy Commissioner, GST Division, Dharamshala, which had rejected the company's refund demand under the Scheme of Budgetary Support. While the specific monetary amount of the refund was not disclosed in the filing, the quashing reopens the path for the company to claim the budgetary support. The company received the formal court order on October 8, 2026.
- High Court of Himachal Pradesh allowed the company's writ petition filed on 19th April, 2025
- Impugned order dated 03.02.2025 rejecting the refund demand was quashed and set aside vide order dated 07.10.2026
- Formal copy of the High Court order received on 08 October 2026 at 10:11 a.m. (IST)
- Subject matter pertains to refund claims under the Scheme of Budgetary Support from GST Division, Dharamshala
Pritika Auto Industries Limited announced that shareholders at its 46th AGM on September 29, 2026, approved the re-designation of Mr. Ajay Kumar from Whole-time Director (Executive Director) to Joint Managing Director, effective retroactively from August 8, 2026. Mr. Kumar, aged 52, brings over 31 years of industrial experience and has been with the group for 26 years. He also assumes the role of Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. The appointment reflects internal leadership continuity with no changes to promoter shareholding or corporate strategy indicated.
- Shareholder approval granted at the 46th AGM on September 29, 2026
- Designation changed to Joint Managing Director effective from August 8, 2026
- Appointee has over 31 years of industry experience, including 26 years with the group
- Designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013
Pritika Auto Industries Limited announced that shareholders at its 46th AGM on September 29, 2026, approved the re-designation of Mr. Ajay Kumar from Whole-time Director (Executive Director) to Joint Managing Director, effective retroactively from August 8, 2026. Mr. Kumar, aged 52, brings over 31 years of industrial experience and has been with the group for 26 years. He also assumes the role of Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. The appointment reflects internal leadership continuity with no changes to promoter shareholding or corporate strategy indicated.
- Shareholder approval granted at the 46th AGM on September 29, 2026
- Designation changed to Joint Managing Director effective from August 8, 2026
- Appointee has over 31 years of industry experience, including 26 years with the group
- Designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013
Pritika Auto Industries Limited has released voting results and the Scrutinizer's Report for its 46th Annual General Meeting held on September 29, 2026. All 11 resolutions were passed with requisite majorities, covering routine adoptions of standalone and consolidated FY26 audited accounts. Key special/ordinary approvals included related-party transactions (RPTs) with entities like Pritika Engineering Components Ltd and Meeta Castings Ltd, along with the redesignation of Ajay Kumar to Joint Managing Director.
- All 11 resolutions approved by shareholders via remote e-voting and AGM voting.
- Total valid votes cast for adopting financial statements stood at 99,084,207 shares (59.5055% of outstanding shares).
- Shareholders approved related-party transactions with Pritika Engineering Components Ltd, Meeta Castings Ltd, and Pritika Industries Ltd with over 99.99% votes in favor.
- Redesignation of Mr. Ajay Kumar from Whole-time Director to Joint Managing Director approved with 99,007,910 votes in favor.
Pritika Auto Industries Limited has issued a notice convening its 46th Annual General Meeting (AGM) on September 29, 2026, via video conferencing. The agenda includes routine adoption of FY26 standalone and consolidated financial statements, re-appointment of directors, and ratification of cost auditor remuneration of Rs 1,15,000. Additionally, the company seeks shareholder approval for material modifications to related party transactions with its subsidiary, Pritika Engineering Components Ltd.
- 46th AGM scheduled for September 29, 2026, at 11:30 AM via VC/OAVM
- Approval sought for adoption of FY26 audited standalone and consolidated financial statements
- Re-appointment of Independent Director Mr. Aman Tandon for a second 5-year term from Nov 8, 2026 to Nov 7, 2031
- Ratification of Rs 1,15,000 remuneration plus taxes for Cost Auditor M/s Verma Khushwinder & Co
- Ordinary resolution proposed for material modifications to Related Party Transactions with subsidiary Pritika Engineering Components Ltd
Pritika Engineering Components Limited, a subsidiary of Pritika Auto Industries, has signed a 25-year Memorandum of Understanding (MoU) with Spark Grid Private Limited for solar power supply. The group estimates total power cost savings of approximately ₹110 crore over the 25-year period, of which ₹70 crore is expected across Pritika Engineering and Meeta Castings, and the remaining ~₹40 crore for Pritika Auto Industries. As part of the captive structure, Pritika Engineering Components will hold a 26% equity stake in the project Special Purpose Vehicle (SPV), subject to documentation and approvals.
- Signs 25-year solar power MoU with Spark Grid Private Limited for long-term power supply
- Targets cumulative power savings of approximately ₹110 crore across the Pritika Group over 25 years (~₹4.4 crore per year)
- Pritika Auto Industries to benefit from ~₹40 crore in savings, while subsidiaries/group units benefit from ~₹70 crore
- Pritika Engineering Components to acquire a 26% equity stake in the proposed solar project SPV
Pritika Auto Industries released its Q1 FY27 investor presentation, reporting consolidated revenue of ₹144.97 crore, up 26.5% YoY, with PAT growing 16.7% YoY to ₹7.11 crore. Operating margins saw pressure due to higher raw material and input costs (OPM at 13.5%), but management expects full customer cost-pass-through compensation in upcoming quarters. Operationally, the company recorded its highest-ever monthly dispatch of ~4,800 MT in July 2026 and bagged an international order from KION USA with regular production targeted from November 2026.
- Consolidated revenue grew 26.49% YoY to ₹144.97 crore in Q1 FY27 from ₹114.61 crore in Q1 FY26
- Consolidated PAT rose 16.69% YoY to ₹7.11 crore with EBITDA of ₹19.50 crore (13.45% margin)
- Achieved highest-ever monthly volume dispatch of approximately 4,800 MT in July 2026
- Received export order from KION USA; commercial production targeted for November 2026 following sample approvals
- Targeting 65-70% capacity utilization at the Lost Foam Casting (LFC) plant by end of FY27 on track toward 1,00,000 MT total capacity
Pritika Auto Industries has scheduled its Annual General Meeting (AGM) for September 29, 2026. The company has fixed September 22, 2026, as the cut-off date to determine shareholder eligibility for e-voting. Share transfer books and the register of members will remain closed from September 23 to September 29, 2026. Remote e-voting will be open from September 26 to September 28, 2026.
- Annual General Meeting (AGM) scheduled for September 29, 2026
- Cut-off date for e-voting eligibility set for September 22, 2026
- Book closure period runs from September 23 to September 29, 2026 (both days inclusive)
- Remote e-voting window open from September 26 (9:00 AM) to September 28, 2026 (5:00 PM)
Pritika Auto Industries announced that its subsidiary, Pritika Engineering Components Limited (PECL), will raise capital via a preferential issue of up to 64,00,000 equity shares and up to 4,00,000 convertible warrants. As part of this, Pritika Auto will convert its outstanding unsecured loans into up to 50,00,000 equity shares (face value Rs 5 each) in PECL. The company confirmed that it will retain majority control in PECL following the issue. In addition, the 46th Annual General Meeting has been scheduled for September 29, 2026.
- Subsidiary PECL to issue up to 64,00,000 equity shares (FV Rs 5) and up to 4,00,000 convertible warrants.
- Pritika Auto to convert existing unsecured loans into up to 50,00,000 equity shares in PECL.
- Pritika Auto will maintain majority controlling interest in PECL post-issue.
- 46th AGM scheduled for 29th September, 2026 with e-voting cut-off date on 22nd September, 2026.
Pritika Auto Industries reported a 26.49% YoY increase in consolidated revenue from operations to ₹144.97 crore for Q1 FY27, supported by a 16.00% YoY growth in production volume to 14,368 tons. Consolidated PAT increased 16.69% YoY and 49.14% QoQ to ₹7.11 crore, while EBITDA grew 11.83% YoY to ₹19.50 crore. EBITDA margin contracted by 177 bps YoY to 13.45% due to higher raw material and input costs, though it expanded 143 bps sequentially. Operationally, the company recorded its highest-ever monthly dispatch of ~4,800 metric tonnes in July 2026 and secured an international order from KION USA.
- Consolidated revenue grew 26.49% YoY to ₹144.97 crore in Q1 FY27 from ₹114.61 crore in Q1 FY26.
- PAT rose 16.69% YoY to ₹7.11 crore, with basic EPS at ₹0.37.
- Production volume grew 16.00% YoY to 14,368 tons; achieved record monthly dispatch of ~4,800 MT in July 2026.
- EBITDA margin stood at 13.45% (down 177 bps YoY, up 143 bps QoQ), with pending raw material cost recoveries expected in Q2 FY27.
- LFC plant technology stabilized, with capacity utilization targeted to reach 65%-70% by year-end.
Pritika Auto Industries has approved the reappointment of two Independent Directors, Mr. Aman Tandon and Mrs. Kritika Goyal, for second five-year terms starting in November 2026 and April 2027, respectively. Additionally, Mr. Ajay Kumar, a veteran with 26 years of association with the group, was appointed following retirement by rotation. These board decisions are subject to shareholder approval at the upcoming Annual General Meeting. The move ensures leadership continuity as the company pursues its target of 1,00,000 tons of installed capacity.
- Mr. Ajay Kumar appointed following retirement by rotation, bringing 31 years of industry experience.
- Mr. Aman Tandon reappointed as Independent Director for a 5-year term effective November 8, 2026.
- Mrs. Kritika Goyal reappointed as Independent Director for a 5-year term effective April 23, 2027.
- Mr. Ajay Kumar has been associated with the group for 26 years, overseeing functional areas including production and marketing.
Pritika Auto Industries has approved the reappointment of three directors to its board, ensuring leadership continuity. Mr. Aman Tandon and Mrs. Kritika Goyal have been reappointed as Independent Directors for second five-year terms, effective November 2026 and April 2027, respectively. Additionally, Mr. Ajay Kumar, who has 26 years of experience with the group, is being reappointed as a director retiring by rotation. These appointments are subject to shareholder approval at the forthcoming Annual General Meeting.
- Mr. Aman Tandon reappointed as Independent Director for a second 5-year term starting November 8, 2026
- Mrs. Kritika Goyal reappointed as Independent Director for a second 5-year term starting April 23, 2027
- Mr. Ajay Kumar reappointed, bringing 31 years of industry experience and 26 years of tenure with the group
- All reappointments are subject to member approval at the upcoming Annual General Meeting
- Company maintains a TTM revenue base of Rs 483 Cr with a 14.7% operating margin
Pritika Auto Industries has announced the re-appointment of its internal and cost auditors for the financial year 2026-27. M/s A.K. Sood & Associates, a firm with 48 years of experience, will continue as the Internal Auditor. M/s Verma Khushwinder & Co., with over 33 years of experience, has been re-appointed as the Cost Auditor. These appointments were approved by the Board on August 8, 2026, following recommendations from the Audit Committee. This is a standard administrative procedure to ensure continuity in the company's financial oversight and compliance frameworks.
- Re-appointment of M/s A.K. Sood & Associates as Internal Auditor for FY 2026-27
- Re-appointment of M/s Verma Khushwinder & Co. as Cost Auditor for FY 2026-27
- Internal Auditor firm brings 48 years of continuous practice experience
- Cost Auditor partners possess more than 33 years of professional experience
- Board approval finalized on August 8, 2026, ensuring compliance with SEBI regulations
Pritika Auto Industries reported a strong 24.6% YoY increase in standalone revenue to ₹141.68 Cr for Q1 FY27. However, standalone net profit remained nearly flat at ₹4.13 Cr compared to ₹4.07 Cr in the same quarter last year, as total expenses rose by 25.7%. The board approved the redesignation of Mr. Ajay Kumar as Joint Managing Director and the reappointment of two independent directors. Additionally, the company sought approval for material related party transactions for the next five years.
- Standalone revenue from operations increased 24.6% YoY to ₹141.68 Cr from ₹113.72 Cr
- Standalone net profit grew marginally by 1.5% YoY to ₹4.13 Cr
- Total expenses surged 25.7% YoY to ₹136.88 Cr, primarily due to higher material consumption
- Mr. Ajay Kumar redesignated from Whole Time Director to Joint Managing Director effective August 8, 2026
- Board approved material related party transactions for a 5-year period, subject to shareholder approval
Pritika Auto Industries has issued a formal reminder to shareholders who have not claimed their dividends for seven or more consecutive years, specifically starting from FY 2018-19. Under Section 124(6) of the Companies Act, 2013, these unclaimed dividends and the underlying shares are liable to be transferred to the Investor Education and Protection Fund (IEPF). Shareholders have until October 15, 2026, to submit the necessary documentation to the Registrar and Transfer Agent (RTA) to prevent this transfer. This is a standard regulatory procedure and does not impact the company's financial performance or operations.
- Dividends and shares unclaimed for 7 consecutive years since FY 2018-19 are subject to IEPF transfer.
- Shareholders must submit claim requests and KYC documents by October 15, 2026.
- The process is mandated by Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016.
- Failure to claim by the deadline will result in the transfer of shares to the IEPF Demat Account.
- Post-transfer, shareholders must apply directly to the IEPF Authority via Form IEPF-5 for recovery.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 35.76% YoY to INR 116.45 Cr in Q2 FY26. Standalone revenue grew 34.99% YoY to INR 115.63 Cr. For H1 FY26, consolidated net revenue reached INR 231.06 Cr, a 32.35% increase from INR 174.57 Cr in H1 FY25.
Geographic Revenue Split
The company is focused on geographical diversification across strategic locations in India and increasing export contributions, though specific regional percentage splits are not disclosed.
Profitability Margins
Consolidated Net Profit Margin stood at 5.32% in Q2 FY26, while Standalone Net Margin was 3.58%. Profit After Tax (PAT) for Q2 FY26 was INR 6.61 Cr, a 37.52% YoY increase.
EBITDA Margin
Consolidated EBITDA margin was 15.99% in Q2 FY26 (INR 18.61 Cr), growing 23.92% YoY. Standalone EBITDA margin was 10.91% (INR 12.62 Cr), up 28.94% YoY.
Capital Expenditure
Consolidated Property, Plant and Equipment (PPE) increased to INR 234.80 Cr as of Sept 30, 2025, from INR 220.37 Cr in March 2025, representing an investment of approximately INR 14.43 Cr in H1 FY26. Capital work in progress stands at INR 10.75 Cr.
Credit Rating & Borrowing
CARE Ratings upgraded the long-term bank facilities to CARE BBB; Stable from CARE BBB-; Stable. Total rated bank facilities were enhanced to INR 97.32 Cr from INR 70.32 Cr.
Operational Drivers
Raw Materials
Steel scrap, iron ore, and various alloys used for small forgings and castings, though specific cost percentages per material are not disclosed.
Import Sources
Primarily sourced from domestic suppliers within India to support manufacturing facilities in Mohali and other strategic locations.
Capacity Expansion
Current production volume for H1 FY26 reached 25,267 tons (up 23.89% YoY). The company is on course to achieve a target installed capacity of 1,00,000 tons.
Raw Material Costs
Raw material expenses are a significant component of the cost structure; the company notes susceptibility to price fluctuations which can compress margins due to low bargaining power with large OEMs.
Manufacturing Efficiency
Production volume grew 23.89% YoY in H1 FY26. Operational efficiency is cited as a key driver for the EBITDA margin improvement to 15.99%.
Strategic Growth
Expected Growth Rate
32-35%
Growth Strategy
Growth will be achieved through expanding to 1,00,000 tons capacity, increasing presence in the LCV segment (currently ~7% of volumes), geographical diversification within India, and dedicated capex for global OEM export markets.
Products & Services
Small forgings, tractor components, automotive castings, and value-added machined components for the agricultural and commercial vehicle industries.
Brand Portfolio
Pritika Auto Industries, Pritika Engineering Components Limited, Meeta Castings Limited.
New Products/Services
Focus on developing value-added products and expanding the product basket for the Light Commercial Vehicle (LCV) segment.
Market Expansion
Targeting expansion in geographically strategic locations in India and increasing export contributions to global OEMs.
Strategic Alliances
Pritika Auto Industries Ltd holds a 70.81% stake in Pritika Engineering Components Limited and operates Meeta Castings Limited as a step-down subsidiary.
External Factors
Industry Trends
Increasing agri-mechanization and rural infrastructure development are driving demand. The industry is shifting toward value-added machined components rather than raw castings.
Competitive Landscape
Faces competition from both domestic foundries and multinational forging firms; mitigated by high-quality standards and timely delivery.
Competitive Moat
Durable advantages include a 50-year track record, long-standing relationships with top-tier OEMs, and integrated manufacturing capabilities from forging to machining.
Macro Economic Sensitivity
High sensitivity to agricultural GDP growth and the cyclical nature of the Indian tractor and commercial vehicle industries.
Consumer Behavior
Shift toward higher horsepower tractors and increased demand for LCVs for last-mile rural connectivity.
Geopolitical Risks
Trade barriers or global economic volatility could impact the company's strategy to increase export revenue from global OEMs.
Regulatory & Governance
Industry Regulations
Adherence to manufacturing standards required by global OEMs and environmental norms for foundry operations.
Taxation Policy Impact
Consolidated current tax liabilities (net) were INR 2.21 Cr as of Sept 30, 2025.
Legal Contingencies
The company employs rigorous procedures for assessing legal risks in contracts and incorporates stringent terms to limit liabilities; no specific pending litigation values were disclosed.
Risk Analysis
Key Uncertainties
Dependence on monsoon patterns for tractor demand and volatility in raw material prices which could impact margins by 5-10%.
Geographic Concentration Risk
Revenue is primarily concentrated in India, with a strategic push to diversify into export markets.
Third Party Dependencies
High dependency on a limited number of large OEM clients for the majority of order inflows.
Technology Obsolescence Risk
Risk of technological shifts in the automotive sector (e.g., electrification) potentially rendering some traditional engine/transmission components outdated.
Credit & Counterparty Risk
Credit risk is managed through a formal credit policy and thorough research on client financial health; consolidated trade receivables are monitored to ensure timely payment.
