Pricol - New Tie-Ups To Bolster Revenue Growth, Going Ahead: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Pricol Ltd., established in 1974, is a Coimbatore based supplier of diversified auto components like instrument clusters, sensors and switches, pumps and mechanical products, telematics solutions and wiping systems.Key triggers for future price performance: De-leveraging of balance sheet along with target of being debt free by FY24E. Sweating of assets, healthy cash flow generation and calibrated capex spends. Growing presence in passenger vehicle space with clients like Tata Motors Ltd., Citroen, etc. Pricol's new product pipeline and confirmed letter of intent from customers (including new age electric vehicle original equipment manufacturers) to help boost sales, profit after tax to grow at 17.5%, 48.6% compound annual growth rate, respectively, in FY21-24E. Margins seen improving to 12.5% by FY24E.Recent technology tie-ups for battery management system with BMS Powersafe and foray into connected clusters (including telematics) with Sibros..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Pricol - New Tie-Ups To Bolster Revenue Growth, Going Ahead: ICICI Direct

Pricol - New Tie-Ups To Bolster Revenue Growth, Going Ahead: ICICI Direct

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