Rico Auto Industries Limited — Investor Meet, 02-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Rico Auto expects 20% revenue growth to INR2,652 Cr in FY26, led by stronger domestic demand and rising exports, targeted to hit INR380 Cr this year and INR500 Cr by FY27. Capacity utilization is set to improve with iron foundry at 60-65% and aluminum at 75%. A new INR220 Cr Hosur plant focuses on hybrid/EV components for Toyota and Aisin Seiki. Expansion into defense and rail segments aims for INR100-150 Cr revenue. Margins should strengthen with exports at 15-20% and domestic car segment margins near 13-15%. The order book includes ~INR720 Cr under execution and a INR650 Cr new order target. Consolidated debt is ~INR660 Cr with plans to reduce it by 10% while funding capex and working capital. Management is confident on utilization, margin gains, and growth driven by firm orders and demand.