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RICOAUTO - Rico Auto Inds

📊 NSE: RICOAUTO 🏢 Auto Ancillaries 📅 Last Updated: 12/14/2025 11:53

📢 Recent Corporate Announcements

Rico Auto Q3 FY26: Net Profit Triples, Revenue Up 14.1% to ₹632 Crores

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 04:37 PM

Rico Auto Industries reported a strong Q3 FY26 with consolidated revenue growing 14.1% YoY to ₹632 crores and EBITDA margins improving to 10%. For the nine-month period, the company's net profit more than tripled, driven by robust domestic demand and improved capacity utilization in foundry and die-casting. While the company missed its FY26 revenue target of ₹60-70 crores for the railway segment due to approval timelines, it expects to exceed this in FY27. Management remains optimistic about export growth through the 'China Plus One' strategy and trade agreements with the US and Europe.

Consolidated revenue for Q3 FY26 rose 14.1% YoY to ₹632 crores, with 9M FY26 revenue at ₹1,806 crores.
EBITDA increased by 33.2% YoY in Q3, with margins expanding to 10% through cost initiatives.
Net profit for the 9-month period more than tripled compared to the previous financial year.
EV and Hybrid components currently contribute 7% to total revenue, with double-digit growth expected next year.
Railway segment revenue target of ₹60-70 crores deferred to FY27 following direct RDSO approvals.

💡 Investors should focus on the company's ability to scale the railway segment and maintain 10%+ EBITDA margins as capacity utilization improves. The stock remains a key beneficiary of the automotive recovery and increasing localization by global OEMs.

Rico Auto Releases Audio Recording of Feb 11 Investor Conference Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 06:24 PM

Rico Auto Industries has made the audio recording of its investor conference call held on February 11, 2026, available to the public. The recording, which follows the company's recent financial disclosures, provides management's perspective on performance and future outlook. Investors can access the full audio via the company's official investor relations website. This filing is a standard regulatory requirement to ensure transparency and information symmetry for all shareholders.

Audio recording of the investor conference call held on February 11, 2026, is now available.
Weblink for the recording has been provided: https://www.ricoauto.com/investor-relation.html.
The filing follows previous communications dated February 6 and February 11, 2026.
The call likely addressed the company's latest quarterly financial performance and strategic updates.

💡 Investors should listen to the recording to understand management's commentary on margins, order book, and sector outlook. No immediate action is required as this is a routine compliance filing.

Rico Auto Q3 FY26 Net Profit Surges 504% YoY to ₹11 Cr; Revenue Up 14.1%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 02:37 PM

Rico Auto Industries reported a robust year-on-year performance for Q3 FY26, with consolidated revenue rising 14.1% to ₹632 crore and net profit jumping 503.8% to ₹11 crore. While YoY growth was strong, the company faced sequential pressure with EBITDA falling 10.8% QoQ, largely attributed to the impact of new labour codes. Excluding this impact, the adjusted net profit would have been ₹17 crore. The company continues to build a strong pipeline, securing new business with a program value of ₹882.50 crore during the quarter.

Consolidated Revenue increased 14.1% YoY to ₹632 crore, with domestic sales contributing 85%.
Net Profit surged to ₹11 crore from ₹2 crore in the previous year, though it declined 37.3% sequentially.
EBITDA margins stood at 8.8%; adjusted for labour code impact, margins would have been 9.9%.
New business wins in 9MFY26 reached a total program value of ₹2,112.50 crore.
Export sales grew significantly by 33% YoY to ₹96 crore in Q3 FY26.

💡 Investors should look past the sequential dip caused by labour code adjustments and focus on the massive new business wins and strong YoY growth. The company's focus on electrification and a robust order book suggests a positive long-term trajectory.

Rico Auto Q3 Net Profit Surges 483% YoY to ₹10.84 Cr; Revenue Up 14%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 01:13 PM

Rico Auto Industries reported a robust year-on-year performance for the quarter ended December 31, 2025, with consolidated revenue rising 14% to ₹629.42 crore. Net profit saw a massive jump to ₹10.84 crore from ₹1.86 crore in the previous year's corresponding quarter. Although profits dipped sequentially from Q2 FY26, this was primarily due to exceptional items totaling ₹7.48 crore related to a Voluntary Retirement Scheme and new labour code provisions. The nine-month performance remains strong, with net profit more than tripling to ₹44.52 crore compared to the prior year.

Consolidated Revenue from operations grew 14.1% YoY to ₹629.42 crore.
Net Profit after non-controlling interest rose to ₹10.84 crore, a 483% increase over Q3 FY25.
Nine-month (9M FY26) Net Profit reached ₹44.52 crore, up from ₹13.97 crore in 9M FY25.
Exceptional items of ₹7.48 crore included a ₹6.17 crore one-time provision for the New Labour Codes.
Consolidated EPS for the quarter stood at ₹0.80, significantly higher than ₹0.14 in the year-ago period.

💡 Investors should view the strong year-on-year growth and nine-month turnaround as a positive sign of operational efficiency. The sequential decline in profit is largely attributable to one-time non-recurring costs, suggesting the underlying business momentum remains intact.

Rico Auto to Host Q3FY26 Earnings Conference Call on February 11, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 06 Feb 2026, 11:10 AM

Rico Auto Industries has scheduled a conference call for analysts and institutional investors on Wednesday, February 11, 2026, at 4:00 PM IST. The call is intended to discuss the company's unaudited financial results for the quarter and nine months ended December 31, 2025. Key management personnel, including the Chairman & MD and the CFO, will be present to provide insights into the company's performance. This is a routine but essential event for investors to understand the company's recent operational trajectory and future guidance.

Conference call scheduled for February 11, 2026, at 4:00 PM IST following Q3FY26 results.
Management participants include Chairman & MD Arvind Kapur and CFO Naveen Sorot.
Discussion will cover financial performance for the nine-month period ending December 31, 2025.
Universal dial-in numbers provided are +91 22 6280 1268 and +91 22 7115 8169.

💡 Investors should attend or review the transcript of the call to assess management's outlook on the auto component industry and margin sustainability. Focus on updates regarding raw material costs and new client acquisitions.

Rico Auto Expands into Railway Sector; Receives RDSO Approval for SGCI Inserts

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 20 Jan 2026, 12:57 PM

Rico Auto Industries has announced a strategic expansion by establishing a dedicated business vertical for the Railway sector. The company has secured a critical approval from the Research Design and Standards Organisation (RDSO) to manufacture Spheroidal Graphite Cast Iron (SGCI) Inserts. This move diversifies the company's revenue streams beyond its traditional automotive focus. Additionally, the company is actively seeking further approvals for high-quality cast and machined components used in tracks, wagons, and carriages.

Established a new, dedicated Business Vertical specifically for the Railways sector.
Received formal manufacturing approval for Spheroidal Graphite Cast Iron (SGCI) Inserts from RDSO, Lucknow.
Currently pursuing additional approvals for high-quality components for Railway Tracks, Wagons, and Carriages.
Strategic move to diversify the product portfolio and reduce dependency on the cyclical automotive industry.

💡 Investors should view this as a positive long-term growth driver that opens up a new addressable market in the infrastructure space. Monitor future announcements regarding specific order wins and the timeline for additional RDSO component approvals.

Rico Auto Complies with SEBI Regulation 74(5) for Quarter Ended December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 03:59 PM

Rico Auto Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed within 15 days. The company verified that physical certificates were mutilated and cancelled, and the depository's name was substituted in the records. This is a standard regulatory filing to ensure the integrity of electronic shareholding.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation that dematerialization requests were processed within the 15-day regulatory window.
Physical share certificates were duly mutilated and cancelled after verification.
MCS Share Transfer Agent Limited acted as the Registrar and Share Transfer Agent (RTA) for this process.

💡 No action is required from investors as this is a routine administrative filing confirming regulatory compliance regarding share dematerialization.

Rico Auto to Close Trading Window from Jan 1, 2026, for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Dec 2025, 02:52 PM

Rico Auto Industries Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading Regulations. This closure is ahead of the announcement of financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are declared to the public. The specific date for the Board Meeting to approve these results will be communicated at a later date.

Trading window closure effective from January 1, 2026
Closure pertains to financial results for the quarter and nine months ended December 31, 2025
Window to reopen 48 hours after the official declaration of financial results
Restriction applies to all Promoters, Directors, and Designated Persons of the company

💡 This is a routine regulatory announcement with no direct impact on the company's fundamentals. Investors should watch for the upcoming Board Meeting date announcement to track the Q3 earnings performance.

View All RICOAUTO Announcements on Live Market Tracking →

💰 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.