Pricol · forward-looking guidance across the available source record.
Guidance tracker
Management maintains its medium-term revenue guidance of ₹8,000 crore by FY31 (calendar year 30), to be achieved through combination of organic growth, capacity additions, and selective inorganic opportunities post demerger.
Post the ₹400 crore capex, polymer capacity will support ₹2,000 crore turnover from current ₹1,000 crore capability, with ramp-up contributing materially from FY28 onwards.
Steady-state EBITDA margin target of 12.5-13% through indexation recovery in Q2-Q3 and VAVE initiatives; at least another 1% EBITDA recovery available from customer price increases if conditions remain stable.
Internal operational separation expected by October 2026 with full regulatory demerger completion in approximately 12 months, pending NCLT and other governmental approvals.
Management expects to grow at 15% or higher on standalone basis, consistently outperforming market for last 8-12 quarters.
Start of production with one of the largest two-wheeler OEMs in India from later part of Q1 FY27, latest by beginning of Q2 FY27.
Bulk of capex will be invested in polymer division to create new capacities. Investment will start from next 3-4 quarters for BOE LCD/TFT backward integration.
Battery Management System testing with premium two-wheeler customer to complete in 3-4 quarters, followed by mass production start.
Pricol plans a major capex cycle of ₹680-700 crore in the current year to address capacity constraints and support new business wins.
Management expects to maintain a conservative debt/equity ratio of about 0.5-0.6 despite the large capex.
Management reiterated guidance to double P3L turnover within 3 years of acquisition, with new business wins and capacity expansion on track.
With 10 strategic customers, Pricol aims to increase ball share and content per vehicle by 50% over the next 3 years.