Pritika Auto Industries Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Pritika Auto Industries Ltd filed with BSE on 30 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Pritika Auto Industries reported Q4 FY26 consolidated revenue of INR138.46 crores, up 36.20% year-on-year, with EBITDA margin at 12.02%, down from prior levels due to a rise in raw material and gas costs during the quarter. Full year FY26 revenue grew 35.32% to INR482.95 crores with EBITDA margin of 14.71% and PAT of INR23.20 crores, the highest annual revenue since listing. Management discussed capacity expansion plans, a new US subsidiary investment, lost foam casting technology ramp-up, and a medium-term revenue target of INR600 crores.
Numbers mentioned
Consolidated revenue: INR138.46 crores (Q4 FY26)
p. 4
“the company reported”
Narinder Kumar Tyagi, page 4 of the filed PDF · View the filing
Consolidated revenue growth: 36.20% (Q4 FY26 YoY)
p. 5
“reflecting a year-on-year growth of 36.20%, driven by healthy demand from our key OEM customers and improved production volume”
Narinder Kumar Tyagi, page 5 of the filed PDF · View the filing
EBITDA: INR16.64 crores (Q4 FY26)
p. 5
“EBITDA for the quarter stood at INR16.64 crores with an EBITDA margin of 12.02%”
Narinder Kumar Tyagi, page 5 of the filed PDF · View the filing
PAT: INR4.77 crores (Q4 FY26)
p. 5
“Profit after tax came in at INR4.77 crores with basic EPS of INR0.26 for the quarter”
Narinder Kumar Tyagi, page 5 of the filed PDF · View the filing
Consolidated revenue: INR482.95 crores (FY26)
p. 5
“For the full year financial year 2026, consolidated revenue stood at INR482.95 crores against INR356.89 crores in FY25, a growth of 35.32% year-on-year, supported by volume growth and a better product mix”
Narinder Kumar Tyagi, page 5 of the filed PDF · View the filing
EBITDA: INR71.03 crores (FY26)
p. 5
“EBITDA was INR71.03 crores at a margin of 14.71%, and PAT for financial year 2026 was INR23.20 crores”
Narinder Kumar Tyagi, page 5 of the filed PDF · View the filing
Production volume: 52,620 metric tons (FY26)
p. 3
“taking the full year F '26 volume to 52,620 metric tons, the highest in any single financial year in the company's history”
Harpreet Singh Nibber, page 3 of the filed PDF · View the filing
Production volume: 14,193 metric tons (Q4 FY26)
p. 3
“Production volumes for Q4 financial year '26 stood at 14,193 metric tons”
Harpreet Singh Nibber, page 3 of the filed PDF · View the filing
Installed capacity: 72,000 metric tons per annum
p. 3
“total consolidated installed capacity in excess of 72,000 metric tons per annum”
Harpreet Singh Nibber, page 3 of the filed PDF · View the filing
Nine months FY26 revenue: INR344.48 crores (9M FY26)
p. 5
“nine months FY26 revenue was INR344.48 crores, up 34.97% year-on-year, with EBITDA of INR54.39 crores and PAT of INR18.43 crores”
Narinder Kumar Tyagi, page 5 of the filed PDF · View the filing
Debt: INR180 crores (FY26)
p. 13
“This year it is INR180 crores, yes.”
Harpreet Singh Nibber, page 13 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Capacity utilization — 80% to 85% · this year
stated conditionally by Harpreet Singh Nibber
p. 5
“Yes, hopefully. Yes, if market remains good, whatever the indications are as on date, we should achieve 80% to 85% this year.”
Harpreet Singh Nibber, page 5 of the filed PDF · View the filing
Capacity addition — 7,800 tons · this year
stated firmly by Harpreet Singh Nibber
p. 5
“We plan to add around 7,800 tons this year.”
Harpreet Singh Nibber, page 5 of the filed PDF · View the filing
Revenue growth — around 15% · this year
stated firmly by Harpreet Singh Nibber
p. 7
“we expect to grow by around 15% this year”
Harpreet Singh Nibber, page 7 of the filed PDF · View the filing
Revenue target — INR600 crores · next two years
stated as an aspiration by Harpreet Singh Nibber
p. 9
“Yes, we -- next two years we plan to grow at around 15%. So, I think so with 15% growth in next two years we should touch INR600 crores. Yes.”
Harpreet Singh Nibber, page 9 of the filed PDF · View the filing
Capacity addition via LFC — 20,000-24,000 tons · financial year 2028
stated conditionally by Harpreet Singh Nibber
p. 7
“maybe next year, financial year 2028, we will add another 20,000-24,000 tons in LFC technology so that our capacity, our overall, we will cross 1 lakh tons”
Harpreet Singh Nibber, page 7 of the filed PDF · View the filing
Capex — INR25 to INR30 crores · this year
stated firmly by Harpreet Singh Nibber
p. 9
“This year capex will be roughly around INR25 to INR30 crores -- INR25 crores roughly, not more than that.”
Harpreet Singh Nibber, page 9 of the filed PDF · View the filing
Capex for next year LFC project — INR60 crores to INR70 crores · next year
stated conditionally by Harpreet Singh Nibber
p. 13
“next year when we go for a bigger project, that is for 2,400 tons, that time we are looking at investment of say around INR60 crores to INR70 crores”
Harpreet Singh Nibber, page 13 of the filed PDF · View the filing
EBITDA margin — back to earlier levels
stated conditionally by Harpreet Singh Nibber
p. 18
“Coming this year, and if there is no further disruptions due to war, we should reach back to our original margins.”
Harpreet Singh Nibber, page 18 of the filed PDF · View the filing
Net debt-to-equity — below 1 · medium-term
stated firmly by Harpreet Singh Nibber
p. 12
“for future expansion also we see that, I mean, we'll keep it below 1 in any regard”
Harpreet Singh Nibber, page 12 of the filed PDF · View the filing
LFC share of revenue — 30% · next three years
stated as an aspiration by Harpreet Singh Nibber
p. 18
“That is a long-term our project to take this to 30% in next three years.”
Harpreet Singh Nibber, page 18 of the filed PDF · View the filing
Capacity share between conventional and LFC — 70/30 to 65/35 · after next year
stated conditionally by Harpreet Singh Nibber
p. 13
“After next year it will be around, say, 70/30.”
Harpreet Singh Nibber, page 13 of the filed PDF · View the filing
US operations EBITDA margin — 18% to 20%
stated as an aspiration by Harpreet Singh Nibber
p. 12
“So, we expect that, minimum EBITDA margins of 18% to 20%.”
Harpreet Singh Nibber, page 12 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management attributed the decline to a sharp rise in raw material prices, particularly gas costs in March, and said pass-through to customers typically occurs with a one-quarter lag.
Answered by Harpreet Singh Nibber
Asked by Udit Sehgal: Why have EBITDA margins fallen and when will they recover?
p. 6
“This is because basically raw material prices have increased tremendously. And in the month of March, because of gas and other things issues, it just took off.”
Harpreet Singh Nibber, page 6 of the filed PDF · View the filing
Management said the entity was set up to deal directly with US customers for better margins, with manufacturing initially done in India and a possible future US manufacturing facility.
Answered by Harpreet Singh Nibber
Asked by Udit Sehgal: What is the plan for the newly acquired US entity?
p. 6
“First part would be manufacture here and take it over there, and then we might -- there is a thought process on that also -- we might start a -- acquire or start a manufacturing facility over there.”
Harpreet Singh Nibber, page 6 of the filed PDF · View the filing
Management said customers expect low single-digit industry growth due to a high base, while the company itself expects to grow faster on new products and projects.
Answered by Harpreet Singh Nibber
Asked by Juzer Haveliwala: How is tractor OEM demand shaping up for FY27?
p. 7
“our customer is expecting a low single-digit growth around 6% to 8% for this year because H2 will have a very high base”
Harpreet Singh Nibber, page 7 of the filed PDF · View the filing
Management said the company withdrew from the auction due to litigation and received a refund, and does not expect this to affect plans for the next one or two years.
Answered by Harpreet Singh Nibber
Asked by Chaitrika Deshpande: What is the status of the Hoshiarpur land acquisition?
p. 9
“No, the status for land was that we acquired the land under this from a ARC under in auction by Honorable High Court, but then we found there was a -- then there was some litigation on this. So, then we withdrew ourselves from the auction.”
Harpreet Singh Nibber, page 9 of the filed PDF · View the filing
Management said the company grew faster than overall market growth, implying share gains across most customers.
Answered by Harpreet Singh Nibber
Asked by Akash Sharma: Has the company gained market share with major OEMs?
p. 10
“We have gained market share with almost all our customers. See, market has grown by 16%-17%. We have grown by 34%.”
Harpreet Singh Nibber, page 10 of the filed PDF · View the filing
Management said the company is overbooked relative to demand, with LFC products making up about 20% of the order book.
Answered by Harpreet Singh Nibber
Asked by Vishal: What is the current order book size and LFC proportion within it?
p. 14
“Order book is we are fully booked, rather we are overbooked as of now. What demand is being generated by customers, we are overbooked on that.”
Harpreet Singh Nibber, page 14 of the filed PDF · View the filing
Management estimated legacy components still form the majority of the mix and carry lower margins than newer components.
Answered by Harpreet Singh Nibber
Asked by Manas: What proportion of the product mix is legacy versus new components, and how does that affect margins?
p. 16
“As of now if we say almost, it will be a ratio of 60/40. 60 would be legacy, and 40 would be new.”
Harpreet Singh Nibber, page 16 of the filed PDF · View the filing
Management said Indian producers now compete on cost with China, as Chinese labor and power costs have risen, leaving them ahead mainly on financial cost and productivity.
Answered by Harpreet Singh Nibber
Asked by Rohit Mehra: How does the company compete against Chinese and European foundries?
p. 18
“India as of now can compete very easily with China, which was not possible say 10 years back, or 15 years back.”
Harpreet Singh Nibber, page 18 of the filed PDF · View the filing
Risks flagged
Raw material and gas price increases pressured margins in Q4
p. 6
“This is because basically raw material prices have increased tremendously. And in the month of March, because of gas and other things issues, it just took off.”
Harpreet Singh Nibber, page 6 of the filed PDF · View the filing
War-related disruption affecting crude and chemical costs
p. 8
“Because of war what has happened, everything related to crude, all the chemicals, everything, gases, everything has become costly.”
Harpreet Singh Nibber, page 8 of the filed PDF · View the filing
Rising diesel prices could increase freight costs and impact incoming raw material costs
p. 11
“Only thing is now with the diesel prices now increasing slowly and steadily, so that will have some impact on the freight part and on the other thing, incoming raw materials and all those things.”
Harpreet Singh Nibber, page 11 of the filed PDF · View the filing
Legacy components carry lower margins and take long to phase out
p. 16
“Because legacy components take long time to move out of the system.”
Harpreet Singh Nibber, page 16 of the filed PDF · View the filing
CV segment has been more volatile than tractors due to regulatory disruption
p. 12
“CVs because of lot of regulation disruption has been going up and down. CV has been more volatile than tractors over last five, seven years.”
Harpreet Singh Nibber, page 12 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.