Introduction:
Leading auto ancillary firm has approved the acquisition of an injection-moulded plastic component solutions division from a subsidiary of TVS Motor Company. The deal will be completed by January 2025, alongside strategic investments in subsidiaries.
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Share price movement of Pricol:
On December 3, 2024, Pricol Ltd opened at ₹517.05, up 4.10% from its previous close of ₹494.85. The stock reached a high of ₹524.30 (5.95%) and a low of ₹501.00. By 11:10 AM, it traded at ₹502.80, a 1.61% increase, with a market cap of ₹6,128.20 crore.
Pricol acquires Sundaram division:
Pricol Limited has approved the acquisition of the injection moulded plastic component solutions division of Sundaram Auto Components Ltd. The division, part of TVS Motor Company, generated ₹727.33 crore in revenue for FY24. This acquisition will be conducted through a slump sale.
Pricol Precision Products Private Limited, a wholly-owned subsidiary of Pricol Limited, will carry out the acquisition. The deal is set to be completed by January 31, 2025, subject to satisfaction of conditions outlined in the business transfer agreement.
Additionally, Pricol Limited has approved investments of up to ₹120 crore in Pricol Precision Products and a corporate guarantee for loans up to ₹250 crore. The company will also invest up to 26% equity in PQSI Digital Private Limited, which specializes in Industry 4.0 products.
Recent news on Pricol:
As of 06 Nov 2024, Pricol Ltd reported a 35.94% YoY increase in Q2 PAT to ₹450.70 million. H1FY25 PAT rose by 39.23%, with revenue up 15.54% YoY, reflecting strong growth in operations and profitability.
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Stock performance of Pricol for Period of 1 week, 6 months and 1 year:
Pricol Limited has shown strong performance with a 5.90% return over the past week, 16.5% over the last six months, and an impressive 45.3% return over the past year, reflecting significant growth and market confidence.
Shareholding pattern of Pricol:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 38.50% | 38.50% | 38.50% |
| FII | 15.70% | 15.00% | 14.40% |
| DII | 15.70% | 16.50% | 16.60% |
| Public | 30.10% | 30.00% | 30.50% |
About Pricol:
Pricol Limited (NSE: PRICOLLTD) manufactures and sells instrument clusters and automotive components to OEMs and the replacement market. Established in 1974, the company is headquartered in Coimbatore, Tamil Nadu, and has a strong presence in the automotive sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
