# Pricol share price today (Pricol Ltd, NSE: PRICOLLTD)

> Pricol share price today: ₹665.45 at the NSE close on 3 November 2026, up 25.7% in a year. Pricol (NSE: PRICOLLTD) is worth ₹8,111 crore, trades at a P/E of 30.3 and has closed between ₹516.85 and ₹797.20 over the past 52 weeks. > Pricol Ltd's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 31% of its own 9-year history. PRICOLLTD · Auto Ancillaries - 2 Wheelers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/pricol-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹665.45 (+25.7% in a year)
- P/E: 30.3× (lower than 69% of the last 9.3 years)
- Revenue (Jun 2026): ₹1,105 Cr (+23.5% on a year ago)
- Profit (Jun 2026): ₹67.0 Cr (+34.0% on a year ago)
- Operating margin: 11.0% (flat on a year ago)
- ROCE: 24%, FY26
- ROIC: 20.4%, against a 12.0% cost of capital: +8.4 points

The main question: foreign institutions moved −1.7 percentage points over 8 quarters while the business went the other way. ## What is the Pricol share price today? Pricol Ltd's share price was ₹665.45 at the close on 3 November 2026. It has been rising for 59 weeks. That is 3.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹517 and ₹797, and at that close it sat 53% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running. Over the last 9.7 years the share price moved +593% while the NIFTY 500 moved +191%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Pricol this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), profit up on a year earlier for 5 quarters in a row and highest quarterly revenue in 15 quarters. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹1,105 crore, +23.5% on a year earlier. Why: Revenue rose because the two wheeler business grew faster than the industry and new products were introduced. Next results: check whether polymer capacity opens up as expected, since that is needed to keep sales growing. From the earnings call on 31 Jul 2026. 2. Profit up on a year earlier for 5 quarters in a row In the June 2026 quarter profit was ₹67 crore, +34% on a year earlier. Why: Profit rose because the two wheeler business grew faster than the industry and new products were introduced. Next results: check whether customer price changes recover more of the higher material and wage costs, and whether profit margin starts to improve. From the earnings call on 31 Jul 2026. 3. Highest quarterly revenue in 15 quarters Revenue of ₹1,105 crore in the June 2026 quarter is the highest of the last 15 quarters. Why: Revenue hit a record because the two wheeler business grew faster than the industry and new products were introduced. From the earnings call on 31 Jul 2026. ## What are Pricol's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Pricol reported revenue of ₹1,105 crore, up 23.5% from ₹895 crore a year earlier, and a profit of ₹67.0 crore, up 34.0% from ₹50.0 crore. ### Pricol results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,105 crore | ₹895 crore | +23.5% |
| Profit | ₹67.0 crore | ₹50.0 crore | +34.0% |
| Earnings per share | ₹5.50 | ₹4.09 | +34.5% |
| Operating margin | 11.0% | 11.0% | 0.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Pricol's management discussed these results on a call held on 31 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Pricol share price history? Pricol closed at ₹665.45 on 3 November 2026, up 25.7% from ₹529.30 a year earlier (31 October 2025) and up 485.5% over five years. Its highest weekly close since February 2017 was ₹797.20 on 21 August 2026. ### Pricol share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹630.05 | +5.6% |
| 1 month ago · 1 Oct 2026 | ₹734.50 | −9.4% |
| 6 months ago · 30 Apr 2026 | ₹572.75 | +16.2% |
| 1 year ago · 31 Oct 2025 | ₹529.30 | +25.7% |
| 3 years ago · 3 Nov 2023 | ₹357.65 | +86.1% |
| 5 years ago · 4 Nov 2021 | ₹113.65 | +485.5% |
| Earliest weekly close in our records · 10 Feb 2017 | ₹96.09 | +592.5% |
| Highest weekly close since February 2017, also the 52-week high · 21 Aug 2026 | ₹797.20 | −16.5% |
| Lowest weekly close since February 2017 · 2 Aug 2019 | ₹21.20 | +3,038.9% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹516.85 | +28.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (515 weekly closes from 10 February 2017 to 3 November 2026.)

## What is the latest news on Pricol? 3 Nov 2026: Pricol closed at ₹665.45, up 5.6% on the week and down 9.4% on the month. Our read, 22 Aug 2026: Dominant 35-37% two-wheeler cluster supplier executing a ₹700 Cr capacity expansion and value-chain migration into TFT displays, precision polymers, and switches, while navigating short-term indexation lags and tripartite input cost absorption. ### Earlier

- 31 Jul 2026: Pricol held its results call for April to June 2026. Management guided: Operating margin are expected to remain under pressure for the next couple of quarters until normalcy returns, with delayed earnings recovered subsequently. - Results for April to June 2026: Revenue up 23.5% and profit up 34.0% on a year earlier. - 14 Nov 2025: ex-date for an interim dividend of ₹2 a share. ### Our read of the business

April to June 2026: Revenue Advances 23.5% on a year earlier to ₹1,105 Cr; Margin Absorbs Input and Wage Cost Pressures. (Our read after the April to June 2026 results, written 22 August 2026.)

## What dividend does Pricol pay? Pricol paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.30% at the ₹665.45 close on 3 November 2026. The last was an interim dividend of ₹2 a share, ex-date 14 November 2025. ### Pricol dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 14 Nov 2025 | ₹2 | Interim |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Pricol Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 12 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Pricol management say on the latest results call? On the call for April to June 2026, held on 31 July 2026, Pricol's management guided: Operating margin are expected to remain under pressure for the next couple of quarters until normalcy returns, with delayed earnings recovered subsequently. > “We took this decision to demerge this business and give it much more agility so that we can raise money as well as look for partners to continue maintaining our lead in the business.”
> Vikram Mohan, Chairman and MD, on the call for April to June 2026

### What management guided

- Customer indexation: approximately 75.0% of revenue is expected to index in Q2 and the balance in Q3; at least 0.5 percentage point of operating profit recovery remains available if the rupee does not weaken further. - Steady-state blended operating margin is 12.5%-13.0% under normal operations, described as the level needed to retain business. - Total capital spending of ₹700 crore is planned over 18-24 months, including ₹400 crore for polymer, ₹150-180 crore for DIS-CBS and about ₹120 crore for ACFMS. - Polymer growth is expected to exceed 20.0% once capacity matures over 9-12 months.5x FY25 revenue over 3 years, with turnover capacity indicated at about ₹1,000 crore rising to about ₹2,000 crore; capacity figures require transcript verification. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/29264-31-Jul-2026.pdf). (From the call for April to June 2026, 31 July 2026.)

## What is the future of Pricol? What is changing in the business? What is changing at Pricol, from the latest results and calls: premiumization and digital tft cluster penetration, polymer division (p3l) capacity doubling and value upgradation and new product verticals: handlebar switches and disc brakes. - Premiumization and Digital TFT Cluster Penetration. Rising adoption of digital TFT displays and connected clusters across two-wheelers and passenger vehicles expanding content per vehicle. ✓ fact
- Polymer Division (P3L) Capacity Doubling and Value Upgradation. ₹400 Cr capital allocation to double precision polymer turnover capacity from ₹1,000 Cr toward ₹2,000 Cr. ✓ fact
- New Product Verticals: Handlebar Switches and Disc Brakes. Diversification into disc brakes and handlebar switches unlocking incremental content per vehicle. ✓ fact
- Customer Diversification and Export Acceleration. Broadening OEM customer footprint with Honda, electric vehicle entrants, and international off-highway programs. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 22 August 2026.)

## What could change the Pricol story? What are the risks? A failure of customer indexation to restore consolidated operating profit margin above 12.0% by October to December 2026, combined with market share loss in digital clusters below 30% or a sustained deterioration in working capital days exceeding 25 days. ### Each change stops working if

- Polymer Division (P3L) Capacity Doubling and Value Upgradation: Facility commissioning at Hosur or Sanand encounters delays or raw material inflation (polymer resin +55%) cannot be passed through to OEMs. - New Product Verticals: Handlebar Switches and Disc Brakes: OEM validation hurdles delay commercial ramp-up past FY28 or incumbent brake manufacturers protect pricing. - Customer Diversification and Export Acceleration: Global macroeconomic deceleration dampens export off-take or domestic OEM customer concentration persists. ### The main risks

- Input Cost Inflation and Tripartite Absorption Drag: Raw material and utility cost inflation exceeding standard indexation recovery mechanisms. ⚠ estimate
- Capital Expenditure Execution and Return Dilution: ₹700 Cr expansion program over 18-24 months diluting capital return ratios during the construction phase. ⚠ estimate
- New Vertical Timeline Deferrals and Strategic Reversals: Repeated delays in disc brake monetization and strategic exit from battery management systems. ⚠ estimate

(Our read after the April to June 2026 results, written 22 August 2026.)

## What to watch in Pricol's next results? When Pricol reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 customer indexation: check whether the expected 75.0% pass-through offsets raw-material, freight, forex and minimum-wage pressures, and whether operating margin begins recovering. - What to check (from the call)
- Q2 customer indexation: check whether the expected 75.0% pass-through offsets raw-material, freight, forex and minimum-wage pressures, and whether operating margin begins recovering. - Polymer performance: monitor whether cost corrections and available capacity produce healthier Q2 results despite the existing order pipeline and capacity bottleneck. - Demerger execution: track internal separation around October and progress toward the stated minimum 4-quarter process and hoped-for 12-month completion. - New-product traction: monitor switches and disc-brake ramp-up, export order progress and DIS-CBS and ACFMS growth relative to market growth. ## Which stock lists is Pricol on? Pricol is not on any of our India lists this week. ## Is Pricol profitable? Pricol Ltd earned ₹67.0 Cr of net profit in the Jun 2026 quarter, +34.0% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹251 Cr. Over 10 years profit has grown 39.5% a year on average. That is 6.1% of the quarter's revenue. The same quarter a year earlier earned ₹50.0 Cr. For the full year, FY26 profit was ₹251 Cr (+50.3% on the year before). Why profit moved: revenue changed +23.5% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +60.2% and revenue +45.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q4. revenue ₹1,099 Cr and profit ₹73 Cr as reported. FY27-Q1. revenue ₹1,105 Cr and profit ₹67 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does Pricol make, and is it growing? Pricol Ltd reported ₹1,105 Cr of revenue in the Jun 2026 quarter, +23.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 41.9% a year on average. The last full year, FY26, came in at ₹4,041 Cr. The last four reported quarters add to ₹4,250 Cr. FY26 revenue was ₹4,041 Cr, +50.1% on the year before. Recent pace: the last four quarters grew +45.2% on average, against 41.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +43.2%, against +34.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +56.7%, against +31.5% a year (accelerating). FY26-Q4. revenue ₹1,099 Cr and profit ₹73 Cr as reported. FY27-Q1. revenue ₹1,105 Cr and profit ₹67 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Pricol keep? Pricol Ltd's operating margin was 11.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 12 years it has been between −4.0% and 13.0%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −0.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. revenue ₹1,099 Cr and profit ₹73 Cr as reported. FY27-Q1. revenue ₹1,105 Cr and profit ₹67 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## Is Pricol's profit turning into cash? Over the last 3 years, 136% of Pricol Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹281 Cr of operating cash against ₹251 Cr of profit. After ₹336 Cr of spending on assets, free cash was −₹55.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 136% of profit came in as cash: the cash cycle got 17 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 2.9× depreciation over three years. The next section checks what that spending is building. ## Where does Pricol's cash go? Pricol Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 51 days in FY26, up from 34 days in FY21. It spent ₹837 Cr on assets over the last 3 years. Customers take 52 days to pay, and stock sits for 70 days on average. Why this happened. The acquired Pricol Precision Products business generated ₹90 Cr revenue in FY26 at an 11% EBITDA margin, operating at over 90% capacity utilization. Management has committed ₹400 Cr of the ₹700 Cr expansion program to build new facilities and a Center of Excellence for 2K molding, in-mold painting, and fiber-reinforced plastics, aiming for a 2.5x expansion in division revenue over 3 years. At FY26 sales of ₹4,041 Cr, each day of that cycle ties up about ₹11.1 Cr, so roughly ₹565 Cr is tied up in the business at any time. FY26: customers took 52 days to pay and stock sat for 70 days, about 2.3 months of sales sitting as stock, for a full cycle of 51 days, longer than FY21's 34. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 70 days. Customers pay about 52 days after that. Suppliers are paid at 71 days. Together that makes the 51-day cycle. Spending on assets: ₹837 Cr over the last 3 years, against ₹292 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹112 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Pricol's P/E ratio, and how does it compare with its own history? Pricol Ltd's P/E is 30.3×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 33.8×, over 9.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +50.2% while the price moved +25.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +42.4% a year; about +27.9% a year came from earnings growth and about +14.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Pricol share price assume? Worked out from its price on 26 August 2026, Pricol Ltd's share price assumed profit growth of about 20.4% a year. Over the past 10 years its profit actually grew 39.5% a year. Today its P/E is 30.3×, lower than 69% of its own last 9.3 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Pricol business getting better or worse? Pricol Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 30.2%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Pricol story, and has it been checked? Pricol Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: EARLY EXPANSION. Our read, 22 August 2026. Dominant 35-37% two-wheeler cluster supplier executing a ₹700 Cr capacity expansion and value-chain migration into TFT displays, precision polymers, and switches, while navigating short-term indexation lags and tripartite input cost absorption. What is proven. Dominant 35-37% two-wheeler cluster supplier executing a ₹700 Cr capacity expansion and value-chain migration into TFT displays, precision polymers, and switches, while navigating short-term indexation lags and tripartite input cost absorption. What is not proven yet. A failure of customer indexation to restore consolidated operating profit margin above 12.0% by Q3 FY27, combined with market share loss in digital clusters below 30% or a sustained deterioration in working capital days exceeding 25 days. What would change our mind. A failure of customer indexation to restore consolidated operating profit margin above 12.0% by Q3 FY27, combined with market share loss in digital clusters below 30% or a sustained deterioration in working capital days exceeding 25 days. The test written in advance. A failure of customer indexation to restore consolidated operating profit margin above 12.0% by Q3 FY27, combined with market share loss in digital clusters below 30% or a sustained deterioration in working capital days exceeding 25 days. Measured by: the thesis as written as stated by the next result. The test written in advance. Input Cost Inflation and Tripartite Absorption Drag. Measured by: Input Cost Inflation and Tripartite Absorption Drag Q2 and Q3 FY27 reported operating profit margin failing to recover toward the 12.0%-12.5% band. by the next result. The test written in advance. Capital Expenditure Execution and Return Dilution. Measured by: Capital Expenditure Execution and Return Dilution by the next result. What the company does. Leading market position in two-wheeler instrument clusters (35-37% volume share) and commercial vehicle clusters (65% share) provides a stable cash-generative foundation. Near-term margin compression from polymer, semiconductor, and wage inflation is mitigated by 75% Q2 FY27 indexation pass-through and a sub-0.5 D/E balance sheet. What the surface reading misses. What the surface reading misses. The surface reading is: ROCE of 24.5% indicates high capital return efficiency at cycle peak. The research reads it further: ROCE reflects asset turns of 2.1x and 12.4% EBITDA margin; deployment of ₹700 Cr capex over 18-24 months will temporarily dilute ROCE toward 16%-18% before asset turnover ramps. Lever 14 · A bigger market to serve: building. Rising adoption of digital TFT displays and connected clusters across two-wheelers and passenger vehicles expanding content per vehicle. What proves it keeps working: Premiumization and Digital TFT Cluster Penetration. It stops working if OEMs shift to low-cost monochrome/hybrid LCD displays to curtail electric vehicle retail prices or multinational tier-1 suppliers price aggressively. Lever 12 · New product launch: building. Diversification into disc brakes and handlebar switches unlocking incremental content per vehicle. What proves it keeps working: New Product Verticals: Handlebar Switches and Disc Brakes. It stops working if OEM validation hurdles delay commercial ramp-up past FY28 or incumbent brake manufacturers protect pricing. Lever 10 · New geographies: building. Broadening OEM customer footprint with Honda, electric vehicle entrants, and international off-highway programs. What proves it keeps working: Customer Diversification and Export Acceleration. It stops working if Global macroeconomic deceleration dampens export off-take or domestic OEM customer concentration persists. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Pricol management deliver what it promised? What Pricol Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Disc Brake Revenue Timeline Pushed Out · 31 July 2026. In the Jan 2026 call, management expected disc-brake production to start in Q1 or by the beginning of Q2 of the coming financial year. In the Jul 2026 call, management said meaningful revenue would begin only from FY28, representing a material timeline delay that was not explained beyond the statement that the business remains in its early stages. BMS Strategy Reversed · 31 July 2026. The Jan 2026 call described the battery management system as under development and expected start of production within the next four or five quarters. The Jul 2026 call instead said Pricol would stop spending on BMS and remove it from its portfolio, a complete strategic reversal that management should reconcile with the earlier production plan. Capex Deployment Timeline Revised · 31 July 2026. In the May 2026 call, management planned INR 680 crore to INR 700 crores of capex within the current year. In the Jul 2026 call, the same approximately INR 700 crore overall capex cycle was spread across the next 18 to 24 months, implying a material change in the expected deployment cadence without an explanation for the shift. Commodity Cost Recovery Assumption Reduced · 31 July 2026. In the Jan 2026 call, management stated that commodity inflation was fully backed by customer compensation and entirely recoverable after a three-to-six-month lag. The Jul 2026 call lowered that expectation, stating that indexation would recover the costs only to a large extent and that some costs would remain unrecovered, which materially changes the margin-recovery assumption. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Pricol earn on its capital? Pricol Ltd earned a ROCE of 24% in FY26. That is up from a low of −14% in FY19. Its return on capital used (ROIC) is 8.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.2% net margin and 1.63× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.2% net margin × 1.63× asset turnover × 1.97× leverage (assets divided by equity) ≈ 19.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 20.4% − 12.0% = +8.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 20.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 21.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Pricol have too much debt? Pricol Ltd has total debt of ₹379 Cr against shareholder equity of ₹1,255 Cr as of Jun 2026, so its debt is 0.30× its equity, which is very little. Year by year, that ratio went from 0.27 in FY22 to 0.30 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Pricol shareholding pattern? Domestic institutions cut their stake in Pricol Ltd by 4.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 11.7% of the company. Foreign institutions moved −1.7 points over the same period, to 14.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −4.0 points over 8 quarters, to 11.7%; Foreign institutions: −1.7 points over 8 quarters, to 14.1%; Promoters: +0.0 points over 8 quarters, to 38.5%. Why the owners changed: domestic institutions drove it (−4.0 points), together with foreign institutions (−1.7 points). They reduced their stake. ## How far is Pricol from balance-sheet trouble? For Pricol Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Pricol rank in its industry? 72.7 out of 100, rank 1 of 4 in Auto Ancillaries - 2 Wheelers, with 93% of the evidence available. Pricol Ltd scores 72.7 out of 100 against the 4 companies it is compared with in Auto Ancillaries - 2 Wheelers, ranking 1. Earnings are strong; relative strength in its sector is -3.5% and the one-year return is 21.7%. The four parts add up to the total exactly: 29.2 + 20.6 + 16.6 + 6.3 = 72.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Pricol compared with? Pricol ranks 1 of 4 Auto Ancillaries - 2 Wheelers companies on the 4-Factor Sector Score, with 72.7 out of 100. 1. Pricol Ltd this page PRICOLLTD · losing its lead · Most evidence points up · 93% evidence 72.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.2/35 · Revenue 43.2% · Profit 56.7% · Operating margin change 0 points · 88% evidence Capital efficiency 20.6/25 · ROCE 24.5% · Operating margin 11% · 100% evidence Valuation 16.6/20 · P/E 29.3× · PEG 0.57 · 85% evidence Relative strength 6.3/20 · Lead over its industry -3.5% · Lead over NIFTY 500 7.4% · 1 year 21.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 29.2 + 20.6 + 16.6 + 6.3 = 72.7 · What this means: Earnings are strong; relative strength in its sector is -3.5% and the one-year return is 21.7%. 2. [ASK Automotive Ltd](https://www.sectoralpha.in/stocks/ask-automotive-ltd) ASKAUTOLTD · leader · Most evidence points up · 78% evidence 66.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.2/35 · Revenue 27.9% · Profit 23.4% · Operating margin change -1 points · 88% evidence Capital efficiency 20.9/25 · ROCE 25.4% · Operating margin 12% · 100% evidence Valuation 11.7/20 · P/E 35.3× · PEG 1.53 · 85% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 19.9% · 1 year 17.1% · 25% evidence · 12 of 12 weeks ahead Exact sum: 21.2 + 20.9 + 11.7 + 12.5 = 66.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [L G Balakrishnan & Bros Ltd](https://www.sectoralpha.in/stocks/l-g-balakrishnan-bros-ltd) LGBBROSLTD · breaking out · Evidence leans down · 97% evidence 49.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.2/35 · Revenue 21.1% · Profit -0.3% · Operating margin change -2 points · 100% evidence Capital efficiency 18.6/25 · ROCE 19.6% · Operating margin 15% · 100% evidence Valuation 9.0/20 · P/E 16.7× · PEG 1.45 · 85% evidence Relative strength 9.6/20 · Lead over its industry -9.2% · Lead over NIFTY 500 2.3% · 1 year 18% · 100% evidence · 10 of 12 weeks ahead Exact sum: 12.2 + 18.6 + 9 + 9.6 = 49.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Belrise Industries Ltd](https://www.sectoralpha.in/stocks/belrise-industries-ltd) BELRISE · losing its lead · Evidence leans down · 86% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 11.7% · Profit 28% · Operating margin change 0 points · 88% evidence Capital efficiency 14.4/25 · ROCE 14.5% · Operating margin 12% · 100% evidence Valuation 9.4/20 · P/E 39.1× · PEG 1.83 · 50% evidence Relative strength 5.0/20 · Lead over its industry -5.1% · Lead over NIFTY 500 5.3% · 1 year 37.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 18.5 + 14.4 + 9.4 + 5 = 47.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - 2 Wheelers](https://www.sectoralpha.in/sectors/auto-ancillaries-2-wheelers), all 4 compared on one page. ## Which companies are close to Pricol in size? Pricol is the 3rd largest of 4 Auto Ancillaries - 2 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Belrise Industries and ASK Automotive. Just below it: L G Balakrishnan & Bros. ### Auto Ancillaries - 2 Wheelers companies close in size

1. [Belrise Industries Ltd](https://www.sectoralpha.in/stocks/belrise-industries-ltd) ₹19,966 crore
2. [ASK Automotive Ltd](https://www.sectoralpha.in/stocks/ask-automotive-ltd) ₹11,164 crore
3. Pricol Ltd ₹7,850 crore
4. [L G Balakrishnan & Bros Ltd](https://www.sectoralpha.in/stocks/l-g-balakrishnan-bros-ltd) ₹5,336 crore

[All 4 Auto Ancillaries - 2 Wheelers companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-2-wheelers#all-companies)

### Companies close in size in other industries

1. [Sandur Manganese & Iron Ores Ltd](https://www.sectoralpha.in/stocks/sandur-manganese-iron-ores-ltd) ₹7,861 crore · Mining/Minerals - Iron Ore
2. [Knowledge Marine & Engineering Works Ltd](https://www.sectoralpha.in/stocks/knowledge-marine-engineering-works-ltd) ₹7,850 crore · Shipping
3. Pricol Ltd ₹7,850 crore
4. [Time Technoplast Ltd](https://www.sectoralpha.in/stocks/time-technoplast-ltd) ₹7,838 crore · Cylinder
5. [HEG Advanced Materials Ltd](https://www.sectoralpha.in/stocks/heg-advanced-materials-ltd) ₹7,836 crore

## What else do people ask about Pricol? ### What is Pricol's share price today? Pricol Ltd's share price is ₹665.45, +25.7% over the past year. The whole company is worth ₹8,111 Cr on the market. In the last 52 weeks it traded between ₹517 to ₹797; today it is 53% of the way up from the low, 3.2% above its 200-day average (as of 3 November 2026). ### What were Pricol's latest quarterly results? Pricol Ltd reported revenue of ₹1,105 Cr and net profit of ₹67.0 Cr for the Jun 2026 quarter. Revenue rose 23.5% and profit rose 34.0% compared with a year earlier. Earnings per share were ₹5.50. The operating margin was 11.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Pricol's market cap? Pricol Ltd's market capitalisation is ₹8,111 Cr at a share price of ₹665.45. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Pricol performing? Pricol Ltd's share price has been rising for 59 weeks. In its latest quarter, revenue rose 23.5% and profit rose 34.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will Pricol's share price go up? This page does not forecast Pricol Ltd's share price. What it shows instead: the share price is ₹665.45, and it has been rising for 59 weeks. Its P/E of 30.3× is higher than 31% of its own last 9 years (as of 3 November 2026). ### Who owns Pricol? Promoters own 38.5% of Pricol Ltd, foreign institutions 14.1%, domestic institutions 11.7% and the public 35.8% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 4.0 percentage points over 8 quarters (as of 3 November 2026). ### Where is Pricol in its business cycle? Pricol Ltd's FY26 operating margin was 12.0%, against a 12-year range of −4.0% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Pricol story? The main question: foreign institutions moved −1.7 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Pricol a stock worth studying right now? What the numbers show: Pricol Ltd's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 31% of its own 9-year history. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Pricol share price forecast for 2026? What management itself guided: Operating margin are expected to remain under pressure for the next couple of quarters until normalcy returns, with delayed earnings recovered subsequently. What is changing at Pricol, from the latest results and calls: premiumization and digital tft cluster penetration, polymer division (p3l) capacity doubling and value upgradation and new product verticals: handlebar switches and disc brakes. What would change the story: A failure of customer indexation to restore consolidated operating profit margin above 12.0% by October to December 2026, combined with market share loss in digital clusters below 30% or a sustained deterioration in working capital days exceeding 25 days. This is research, not advice. We’re not SEBI-registered.