Rico Auto Industries Limited (RICOAUTO)
₹116.11 +2.02% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Rico Auto's revenue was ₹755 Cr (+38.9% year on year, +11.5% on the previous quarter), and net profit ₹-3.4 Cr (against a profit a year earlier); the operating margin was 4.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹755 | +38.9% | +11.5% |
| Operating profit | ₹34.8 | -35.4% | -27.2% |
| Net profit | ₹-3.4 | to loss | to loss |
| EPS (₹) | -0.27 | to loss | to loss |
| Operating margin | 4.6% | — | — |
RICOAUTO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 28.18% of the RICOAUTO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 39.51%. The price rose 2.02% on unusually low delivery, so more of the move than usual was intraday trading.
Delivery in the last 5 sessions: 36.3% · 31.4% · 36.4% · 44.2% · 28.2%
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
Rico Auto Industries Limited held its 43rd Annual General Meeting on September 08, 2026, where shareholders passed all four proposed resolutions with over 99.4% majority. Among the resolutions, shareholders approved a dividend of 55% (Rs 0.55 per equity share of face value Re 1 each) for FY26. Other approved items included the adoption of FY26 audited standalone and consolidated financial statements, the re-appointment of Director Samarth Kapur, and the ratification of cost auditor remuneration. Total valid votes cast across the resolutions were approximately 7.30 crore shares, representing 53.96% of the company's 13.53 crore total outstanding shares.
- Shareholders approved a dividend of 55% (Rs 0.55 per share of face value Re 1) for FY26
- All 4 ordinary resolutions approved with ~99.44% votes cast in favor
- Total valid votes polled were 7,29,97,105 out of 13,52,85,000 total shares (~53.96% turnout)
- Promoter group voted 100% of their 6,80,92,246 shares in favor across all resolutions
At its 43rd AGM, Rico Auto announced it has secured fresh orders worth approximately Rs 2,500 crore over a 5-year programme life, representing ~93% of its TTM revenue (Rs 2,689 crore). The Chairman highlighted the ramp-up of the new Hosur greenfield facility aimed at next-generation mobility and non-automotive segments like Railways. The AGM also ratified ordinary business including a 55% dividend payout (Re 0.55 per share, totaling Rs 7.44 crore) for FY 2025-26. Export turnover stood at Rs 337.08 crore in FY26 compared to Rs 326.86 crore in the prior year.
- Secured new orders worth approximately Rs 2,500 crore over a 5-year programme life
- Declared a dividend of 55% (Re 0.55 per share) amounting to Rs 7.44 crore for FY26
- Export turnover reached Rs 337.08 crore in FY26 vs Rs 326.86 crore in FY25
- Developing new Hosur facility to strengthen capacity toward a vision of 3X growth
- Reported FY26 consolidated revenue of Rs 2,477.73 crore and PAT of Rs 52.42 crore
Rico Auto Industries has submitted a clarification along with a legible, machine-readable copy of its financial results and a corrected Limited Review Report for the quarter ended June 30, 2026. The exchange had raised queries regarding a non-legible copy and a spelling error in the header of the Consolidated Limited Review Report. The company clarified that the deficiencies arose from technical issues while merging digitally signed PDF files, with no changes to the underlying reported financials (Consolidated Q1 Revenue of ₹755.08 crore and Net Loss of ₹3.38 crore).
- Clarification filed regarding technical formatting and spelling errors in the Consolidated Limited Review Report header
- Consolidated revenue from operations for Q1 ended June 30, 2026 stood at ₹755.08 crore (up from ₹543.46 crore in Q1 FY26)
- Consolidated net loss for Q1 ended June 30, 2026 reported at ₹3.38 crore vs net profit of ₹16.72 crore in Q1 FY26
- Company confirmed that the filing deficiency was due to a PDF merging technical glitch
Rico Auto Industries released its Q1 FY27 earnings call transcript following consolidated revenue of ₹755 crore (up ~39% YoY) and a net loss of ₹3.4 crore. Margins were compressed due to temporary air freight/sorting costs (~₹13 crore) and raw material price settlement lags (~₹10 crore). Management reiterated confidence in exceeding its previous targets to achieve >₹3,200–3,250 crore in FY27 revenue as 28 of 55 new long-term OEM programs ramp up. The greenfield Hosur facility is scheduled to start commercial production in September 2026 to support hybrid and EV programs.
- Management raised/guided FY27 revenue target to surpass ₹3,200–3,250 crore compared to TTM revenue of ₹2,689 crore.
- Q1 FY27 revenue grew 39% YoY to ₹755 crore, but EBITDA margin dropped to 4.6% with a net loss of ₹3.4 crore.
- Air freight and sorting costs contributed ~₹13 crore to expenses, with freight costs expected to peak in Q2 and normalize in Q3.
- Greenfield Hosur plant is on track to begin commercial production in September 2026.
- Around 55 new programs are in launch phase, with 28 already launched and scaling for clients like Toyota, Ford, and BMW.
Rico Auto Industries Limited has released the audio recording link for its Investor Conference Call held on August 14, 2026. This is a routine statutory disclosure following the announcement of quarterly results. In the latest reported quarter (Jun 2026), the company recorded revenue of ₹755.08 crore and a net loss of ₹3.38 crore. Investors can access the audio link directly on the company's portal to assess management commentary on margins and operations.
- Audio recording for the investor conference call conducted on August 14, 2026 made publicly available.
- Follows earlier intimations dated August 11, 2026 and August 14, 2026.
- Audio link hosted on the company domain: https://ricoauto.in/Q1FY27.mp3.
- Statutory regulatory compliance under SEBI LODR Regulations.
Rico Auto Industries has released its latest investor presentation, outlining a strategic target of 15-20% growth driven by new high-margin products and the Hosur greenfield plant. A key focus is the Railway sector, where margins have reportedly expanded from 5% to 18-20%. Despite these targets, the company reported a net loss of ₹3.38 Cr in the Jun 2026 quarter, though TTM revenue remains robust at ₹2689 Cr. Investors should note the 22% export growth rate and the ongoing RDSO approval process for new railway components.
- Targeted annual growth rate of 15-20% through high-margin product introductions in Q3/Q4 FY26
- Railway sector margins improved from 5% to a range of 18-20%
- Export segment currently growing at 22%, focusing on US and European markets
- Reported a net loss of ₹3.38 Cr in Jun 2026 despite revenue of ₹755.08 Cr
- Debt levels stand at ₹615 Cr against a net worth of ₹689 Cr (D/E of 0.89)
Rico Auto Industries approved its unaudited financial results for the quarter ended June 30, 2026. While the full consolidated P&L table was not detailed in the cover report, the auditor's review highlighted that three subsidiaries contributed ₹57.81 crore to group revenue with a net profit of ₹1.10 crore. This follows a FY26 performance where the company recorded ₹2,477.73 crore in revenue and a PAT of ₹52.42 crore. The company is currently focused on high-margin railway components and the operationalization of its Hosur greenfield plant.
- Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Three subsidiaries reported a combined revenue of ₹57.81 crore for the quarter.
- Consolidated net profit from these three subsidiaries stood at ₹1.10 crore for the period.
- One subsidiary reported nil revenue and a marginal net loss of ₹0.04 crore.
- The board meeting concluded at 1:20 PM after a duration of approximately 2 hours and 50 minutes.
Rico Auto Industries has scheduled its 43rd Annual General Meeting (AGM) for September 8, 2026, to be conducted via video conferencing. The company is proactively reaching out to shareholders who have not registered their email addresses, providing them with QR codes and web links to access the FY 2025-26 Annual Report. This filing is a standard regulatory procedure following the conclusion of the financial year. Investors should look to the Annual Report for detailed management commentary on the company's FY26 performance, where TTM revenue reached Rs 2478 Cr.
- 43rd Annual General Meeting scheduled for September 8, 2026, at 12:00 Noon
- Annual Report and AGM notice issued for the financial year 2025-26
- Notice of the AGM was originally dated May 29, 2026
- Company is facilitating electronic access for shareholders without registered email addresses via QR codes
- TTM Revenue for the period ending March 2026 stands at Rs 2478 Cr
Rico Auto Industries has announced a conference call for analysts and institutional investors on August 14, 2026, at 4:00 PM IST. The call will discuss the unaudited financial results for the quarter ended June 30, 2026. Key management, including the Chairman & CEO and CFO, will be present to discuss operational and financial performance. This follows a year where the company achieved TTM revenue of ₹2,478 crore and a PAT of ₹52 crore.
- Conference call scheduled for August 14, 2026, at 04:00 PM IST
- Focus on unaudited financial results for the quarter ended June 30, 2026
- Participation from top management including Chairman & CEO Arvind Kapur and CFO Naveen Sarot
- Company reported TTM revenue of ₹2,478 crore and OPM of 9.0% as per latest context
Rico Auto Industries Limited has announced September 1, 2026, as the Record Date for determining shareholder eligibility for dividend payments and participation in its 43rd Annual General Meeting (AGM). The company's share transfer books will remain closed from September 2 to September 8, 2026. This follows a fiscal year (FY26) where the company achieved a revenue of Rs 2,477.73 Cr and a PAT of Rs 52.42 Cr. The announcement is a routine procedural step for the distribution of corporate benefits.
- Record date for dividend and 43rd AGM fixed for September 1, 2026
- Book closure period scheduled from September 2, 2026, to September 8, 2026
- Company reported TTM revenue of Rs 2,478 Cr and PAT of Rs 52 Cr
- Promoter holding remains stable at 50.33% as of March 2026
Rico Auto Industries Limited has scheduled its 43rd Annual General Meeting (AGM) for September 8, 2026, to be conducted via video conferencing. The company has established a book closure period from September 2 to September 8, 2026, for the purpose of determining dividend eligibility for FY 2025-26. Shareholders as of the cut-off date of September 1, 2026, will be eligible for e-voting. If approved, the dividend will be disbursed within 30 days of the declaration at the AGM.
- 43rd Annual General Meeting scheduled for September 8, 2026
- Book closure period for dividend eligibility set from September 2 to September 8, 2026
- Cut-off date for remote e-voting eligibility is September 1, 2026
- Dividend payment to be completed within 30 days of shareholder approval
- Remote e-voting window opens on September 5 and ends on September 7, 2026
Rico Auto Industries has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the mandated 15-day window. This process includes the cancellation of physical certificates and updating the depository as the registered owner. This is a standard administrative filing with no impact on the company's financial performance or valuation.
- Compliance certificate submitted for the quarter ended June 30, 2026.
- Confirmation that securities were processed within 15 days of receipt.
- Registrar MCS Share Transfer Agent Limited issued the certificate on July 3, 2026.
Rico Auto Industries Limited has announced that its trading window for dealing in company securities will be closed starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are made public. The specific date for the Board Meeting to approve these results will be communicated in due course.
- Trading window closure commences on July 1, 2026.
- Closure is related to the financial results for the first quarter ended June 30, 2026.
- The window will reopen 48 hours after the official declaration of Q1 results.
- Restriction applies to all Promoters, Directors, and Designated Persons of the company.
Rico Auto Industries achieved its highest-ever annual revenue of INR 2,477 crores in FY26, a 12% YoY increase, with PAT rising significantly to INR 52.4 crores. While reported EBITDA margin was 9%, the adjusted margin stood at 10.25% after excluding one-time impacts from labor codes and raw material price lags. Management has provided a robust outlook for FY27, targeting revenue over INR 3,000 crores and 32% growth in exports. The company also secured INR 2,500 crores in new orders over a 5-year period and expects its new Hosur EV/Hybrid facility to be operational by September 2026.
- Achieved record annual revenue of INR 2,477 crores and PAT of INR 52.4 crores in FY26.
- Secured new order pipeline worth INR 2,500 crores over a 5-year program life.
- Adjusted EBITDA margin reached 10.25% excluding INR 30 crores in non-recurring costs.
- Working capital cycle improved significantly from 33 days to 7 days in FY26.
- Management projects FY27 revenue to exceed INR 3,000 crores with 32% export growth.
Rico Auto Industries Limited has released the audio recording of its investor conference call held on June 1, 2026, regarding its Q4 FY26 financial results. This disclosure is a standard regulatory requirement to ensure all shareholders have access to the same management commentary and performance insights. The recording provides a detailed discussion on the company's operational performance for the quarter and the full fiscal year. Investors can access the full audio via the company's official website link provided in the filing.
- Audio recording of the Q4 FY26 investor conference call made available on June 1, 2026.
- The call follows the company's earlier communications regarding the scheduled analyst meet.
- Direct link to the recording is hosted on the company's official domain at ricoauto.com/Q4FY26.mp3.
- The disclosure ensures compliance with SEBI transparency and disclosure norms for listed entities.
Financial Performance
Revenue Growth by Segment
The company operates 100% in the automotive components segment. Consolidated revenue grew by 5% in H1 FY26, with a full-year execution target of INR 2,600 Cr.
Geographic Revenue Split
Domestic sales account for 84.41% of turnover. Exports contribute 15.59%, with 50% of exports (7.8% of total) going to the US and 25% (3.9% of total) to Europe. US exports grew 22% YoY in Q2 FY26.
Profitability Margins
EBITDA margins were 10.1% in Q1 FY26 and 9.9% in Q2 FY26. Management targets 12-13% EBITDA margins by Q4 FY26, driven by new high-margin product introductions.
EBITDA Margin
Consolidated EBITDA margin improved to 9.9% in Q2 FY26 from 9.3% in Q2 FY25, representing a 60 bps YoY increase.
Capital Expenditure
The company is undertaking sizeable debt-funded capex, including a greenfield project in Hosur. Annual cash accruals of INR 150-200 Cr are expected to support these investments.
Credit Rating & Borrowing
CRISIL Ratings assigned a 'Stable' outlook. Bank limit utilization averaged 61.3% for the 12 months ended July 2025. Term debt obligations are estimated at INR 110-130 Cr over the medium term.
Operational Drivers
Raw Materials
Aluminum and Ferrous (iron/steel) are the primary raw materials used for high-precision components.
Capacity Expansion
Current capacity utilization is improving; a new greenfield project in Hosur is being developed to expand production for domestic and export markets.
Raw Material Costs
Margins are susceptible to fluctuations in raw material prices (Aluminum and Ferrous), which are monitorable risks for operating efficiency.
Manufacturing Efficiency
Management expects better equipment utilization in Q3 and Q4 FY26 as new product lines ramp up.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be achieved through the introduction of new high-margin products in Q3/Q4 FY26, the operationalization of the Hosur greenfield plant, and expansion into the Railway sector where margins have improved from 5% to 18-20%.
Products & Services
High-precision fully machined aluminium and ferrous components and assemblies, including engine parts, transmission parts, and braking systems.
Brand Portfolio
RICO
New Products/Services
New automotive components for global OEMs and high-margin components for the Railway sector (RDSO approval in process).
Market Expansion
Expansion into the US and European markets for exports and the Hosur region for domestic OEM support.
External Factors
Industry Trends
The industry is shifting toward high-precision engineering grade components. Rico is positioning itself by diversifying into non-automotive segments like Railways to capture higher margins.
Competitive Landscape
Competes with other global and domestic auto-component manufacturers in the aluminium and ferrous casting segments.
Competitive Moat
Moat is built on established long-term relationships with global OEMs and integrated capabilities from design to assembly, which are sustainable due to high switching costs for critical engine parts.
Macro Economic Sensitivity
Sensitive to global business environments, particularly in the US and Europe, and the overall growth of the Indian automotive market.
Consumer Behavior
Shift toward high-precision and engineering-grade components in both two-wheelers and passenger vehicles.
Geopolitical Risks
Exposure to international trade dynamics in the US and Europe, which account for the bulk of the 15.59% export revenue.
Regulatory & Governance
Industry Regulations
Adheres to automotive manufacturing standards and RDSO (Research Designs and Standards Organisation) requirements for Railway supplies.
Environmental Compliance
The company has implemented ISO 45001 for health and safety and follows statutory environmental requirements.
Risk Analysis
Key Uncertainties
Volatility in raw material prices and the successful ramp-up of the Hosur greenfield project are primary uncertainties.
Geographic Concentration Risk
84.41% of revenue is concentrated in India; 7.8% of total revenue is concentrated in the US market.
Third Party Dependencies
Dependent on global automotive OEMs for 100% of current revenue.
Technology Obsolescence Risk
Mitigated by continuous investment in new product development and high-precision machining capabilities.
Credit & Counterparty Risk
Liquidity is considered strong with cash accruals of INR 150-200 Cr, though the current ratio remains low at 0.87.
