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Earnings Call

Rico Auto Industries Earnings Call: Key Takeaways

Rico Auto reported its highest ever annual revenue of ₹2,477 crores for FY26, driven by strong demand in passenger vehicles and exports. Focus is on improving margins through customer renegotiations and scaling railway/defense segments.

Highlights
Revenue growthFY26: ₹2,477cr (+12%); FY27 Target: >₹3,000cr.
MarginsFY26 EBITDA 9%; adjusted for one-offs 10.25%. Targeting >10.25% FY27.
Order bookSecured new orders worth ₹2,500cr over a 5-year program life.
Demand visibilityStrong domestic and export demand across PV and 2W segments.
Management confidenceHigh; cited strong visibility from ₹2,500cr new order book.

Growth

FY26 revenue grew 12% YoY to ₹2,477cr. PAT surged to ₹52.4cr from ₹19.2cr last year.

Outlook

Management guides FY27 revenue to cross ₹3,000cr. Exports to U.S./Germany targeted to double in 2 years.

Risks

Volatile raw material prices and geopolitical issues affecting global supply chains; lag in price settlement cycles.

Last quarter's promises, checked

Delivered

  • Guided FY26 Revenue ~₹2,500cr → delivered ₹2,477cr (= BEAT)
  • Guided FY26 EBITDA margin ~9.6-9.7% → delivered 10.25% adjusted (= BEAT)
  • Guided FY26 Tax Rate ~25% → delivered 25% (= BEAT)

Partly delivered

  • Guided double-digit growth FY26 → delivered 12% (= PARTIAL)

Missed

  • Guided FY26 Railway Revenue ₹60-70cr → delivered <₹60cr (= MISS)
  • Guided Q4 EBITDA margin 12-13% → delivered 10.25% (= MISS)
Source

Earnings Call filed with NSE, NSE: RICOAUTO. Summary written with AI assistance from the document.

Read the document ↗

Rico Auto Industries Ltd: key numbers

Share price
₹132.23
Market cap
₹1,789 Cr
Revenue (annual)
₹2,478 Cr
Net profit (annual)
₹50.51 Cr
P/E (TTM)
58.5×Sector 33.6×
Promoter holding
50.33%-0.01% QoQ
FII holding
3.58%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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