Pricol Ltd
Pricol Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Polymer division expected to grow at 11% to 15% until capacities are added; higher growth thereafter. Pricol expects steady growth in Polymer division at 11%-15% till capacity additions, followed by higher growth.
From Pricol Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Polymer division expected to grow at 11% to 15% until capacities are added; higher growth thereafter.
- ACFMS division anticipated to grow at 30% to 35% annually over the next 2-3 years, with significant growth driven by new products like disc brakes and switches.
- DICVS division projected to maintain a steady growth above 15%.
- New verticals such as smart e-cockpits and battery management systems are under development, but revenue visibility is about 24 months away.
- Overall company targeting INR 8,000 crores in annual revenue by December 2030 (FY31).
- CAPEX of about INR 250-300 crores planned annually over next two years to support capacity expansion and acquisitions.
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Profitability & Margins
See what Pricol Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY '26 CAPEX: Approximately INR 250-300 crores spent/planned.
- FY '27 CAPEX: Similar range of INR 250-300 crores planned.
- CAPEX includes both organic business expansion and acquisitions.
- Acquisition-related investments involve land purchase (near completion, within 45 days) and construction of new plants.
- Backward integration project with BOE for optical bonding: CAPEX to be spent over next 9 months, focuses on cost arbitrage and import reduction, not revenue-generating.
- New technology investments include a tech license agreement for switches and throttle products related to handlebar components; revenue expected ~24 months away.
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Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Pricol Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Pricol has a healthy pipeline of RFQs (Requests for Quotations) and orders backed by new order wins from OEMs like Honda, Yamaha, Ather, Hanon, Autoliv, Schneider, Hero, and Bajaj.
- The company is currently constrained by lack of real estate/capacity but is actively expanding land and plants to convert pipeline orders into business.
- New order wins include speedometers for Honda's motorcycle models and initial orders from Yamaha under commercial discussions.
- The disc brake business has won large orders from top 5 OEMs in India, with production starting from Q1 next year.
- Altogether, capacity expansion and new customers are expected to drive 11-15% growth in Polymer division, 30-35% in ACFMS division over next 2-3 years.
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Pricol Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.1K Cr, net profit ₹73 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Pricol Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Pricol Ltd Q2 FY26 results?
Polymer division expected to grow at 11% to 15% until capacities are added; higher growth thereafter. Pricol expects steady growth in Polymer division at 11%-15% till capacity additions, followed by higher growth.
What is Pricol Ltd share price analysis?
Pricol Ltd currently shows a neutral. The stock trades at a P/E of 30.4 with a market cap of ₹8,153 Cr. Investors should review the full earnings analysis for detailed insights.
Is Pricol Ltd planning capital expenditure?
FY '26 CAPEX: Approximately INR 250-300 crores spent/planned.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.