Pricol limited – OEM automotive

Pricol Q2FY24 Concall Notes:-

• Revenue breakdown DIS 65%
ACFM : 35%

• FY26 Guidance of 3600 crores organic sales maintained unless any
catastrophic geopolitical event

• Slow down in ev 2 wheelers due to fame subsidaries ( Loss of sale)

• DIS sales 65% comes from 2 wheelers

• If and when there is need promters will incrase stake in the company

• Steadily increasing margins continuing to aiming for 13.5% ebidta margins

• New products ususally contribute by around 20%

• Revenues from MOU ventures to start contributing from FY26 ( most of them being exclusive in nature)

• EV two wheeler contributing 7-8% of volumes ~ Value contribution is a bit higher

• 8/10 ev two wheeler’s TFT display is from pricol

• Two wheelers Average mechanical DIS cluster costs 300 rs vs 1250 electronic ( Can go up till 2500 rs avg)