Pricol Share Price

The sales for the September 2022 quarter moved up 27.73% to Rs. 4949.98 millions as compared to Rs. 3875.43 millions during the corresponding quarter last year.Net Profit for the quarter ended September 2022 zoomed to 224.11% from Rs. 131.29 millions to Rs. 425.52  millions.OP of the company witnessed a marginal growth to 552.61 millions from 475.83 millions in the same quarter last year.

The sales for the September 2022 quarter moved up 27.73% to Rs. 4949.98 millions as compared to Rs. 3875.43 millions during the corresponding quarter last year.The Net Profit of the company vaulted to 224.11% to Rs. 425.52  millions from Rs. 131.29 millions in the previous quarter.OP of the company witnessed a marginal growth to 552.61 millions from 475.83 millions in the same quarter last year.

The sales for the September 2022 quarter moved up 27.73% to Rs. 4949.98 millions as compared to Rs. 3875.43 millions during the corresponding quarter last year.The Net Profit of the company vaulted to 224.11% to Rs. 425.52  millions from Rs. 131.29 millions in the previous quarter.OP of the company witnessed a marginal growth to 552.61 millions from 475.83 millions in the same quarter last year.

The Revenue for the quarter ended  December 2022 of Rs. 4654.95 millions grew by 15.84 % from Rs. 4018.59 millions.Handsome Net Profit growth of 99.61% reported above the corresponding previous quarter figure of Rs. 263.10 millions to Rs. 131.81 millions.Operating profit for the quarter ended December 2022 rose to 501.93 millions as compared to 436.13 millions of corresponding quarter ended December 2021.

The Revenue for the quarter ended  December 2022 of Rs. 4654.95 millions grew by 15.84 % from Rs. 4018.59 millions.Net profit for the quarter ended December 2022 increased significantly by 99.61% to Rs. 263.10 millions from Rs. 131.81 millions.Operating profit surged to 501.93 millions from the corresponding previous quarter of 436.13 millions.

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pricol has submitted the presentation to be used for the Investor Conference call on the unaudited financial results for the quarter and half year ended 30th September 2022, to be held today at 02:00 pm (IST).

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pricol has informed that the Board of Directors through circular resolution approved the proposal of incorporation of wholly owned subsidiary (WOS) company in India under the name ‘Pricol Electronics Private Limited’ or such other name as approved by the Ministry of Corporate Affairs, by Pricol Asia (a wholly owned subsidiary of Pricol). Pricol Asia proposes to infuse around INR 25 crores as share capital in the aforesaid WOS in India, which will engage in the business of manufacturing and/or distribution of electronic components catering to automotive as well as non-automotive applications.

The above information is a part of company’s filings submitted to BSE.

Pricol Asia proposes to infuse around Rs 25 crore as share capital in the aforesaid WOS in India

Pricol is currently trading at Rs. 192.85, up by 8.45 points or 4.58% from its previous closing of Rs. 184.40 on the BSE.

The scrip opened at Rs. 184.00 and has touched a high and low of Rs. 194.00 and Rs. 184.00 respectively. So far 65805 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 208.00 on 10-Oct-2022 and a 52 week low of Rs. 96.45 on 13-May-2022.

Last one week high and low of the scrip stood at Rs. 194.00 and Rs. 181.25 respectively. The current market cap of the company is Rs. 2353.53 crore.

The promoters holding in the company stood at 36.53%, while Institutions and Non-Institutions held 15.34% and 48.13% respectively.

Pricol’s wholly owned subsidiary -- Pricol Asia has received approval from Board of Directors of the company for the incorporation of wholly owned subsidiary company in India under the name Pricol Electronics or such other name as approved by the Ministry of Corporate Affairs. Pricol Asia proposes to infuse around Rs 25 crore as share capital in the aforesaid WOS in India, which will engage in the business of manufacturing and distribution of electronic components catering to automotive as well as non-automotive applications.

Pricol is engaged in the business of manufacturing and selling of Instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pricol has informed that the company has received certified copy of the order of Hon’ble National Company Law Tribunal (NCLT), Chennai Bench, sanctioning the Scheme of Amalgamation of Pricol Wiping Systems India (wholly owned subsidiary of Pricol) with Pricol. Pursuant to applicable provisions of Companies Act, 2013, the certified copy of the order and the Scheme will be filed with the Registrar of Companies, Coimbatore in due course. Upon filing the certified copy of the order and the Scheme, the Amalgamation of Pricol Wiping Systems India with Pricol would come into effect.

The above information is a part of company’s filings submitted to BSE.

In compliance of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, based on the certification received from Integrated Registry Management Services, Registrar and Share Transfer Agent (RTA), Pricol has confirmed that: the securities received from the Depository participants for dematerialization during the quarter ended 31st December 2022, were confirmed (accepted / rejected) to the depositories by its RTA and that securities comprised in the said certificates have been listed on the stock exchanges and the security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant and the name of the depositories have been substituted in register of members as the registered owner. The Certificate from RTA is enclosed.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, Pricol has informed that 75th meeting of the Board of Directors of the Company will be held on Wednesday, 8th February 2023 to consider the unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2022 and to take on record the above unaudited financial results to be published in newspaper.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Pricol has informed that it has received information regarding the loss of share certificate from the shareholder, Shanmugasundaram A on 24th January 2023. The Company will take necessary action on receipt of necessary documents from the shareholder. Further details are enclosed.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 39(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Pricol has informed that it has received details regarding the loss of share certificate from the shareholder, Gautham Selvaraj on 1st February 2023. The Company will take necessary action on receipt of necessary documents from the shareholder.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pricol has submitted the presentation to be used for the Investor Conference call on the unaudited financial results for the quarter and nine months ended 31st December 2022, to be held today (9th February 2023) at 12:00 pm (IST).

The above information is a part of company’s filings submitted to BSE.

Pricol has submitted a copy of Newspaper advertisement as per Regulation 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pricol has informed that an analysts/ investors meeting organized by B&K Securities will be held at its office on Tuesday, 28th February 2023. List of Analysts/ Investors to be present at the meeting are attached. No unpublished price sensitive information will be shared in the aforesaid meeting.

The above information is a part of company’s filings submitted to BSE.

Pricol has informed that the Company has obtained credit rating from the following credit rating agencies: CRISIL, India Ratings and Research and ICRA. Credit ratings from the above agencies were intimated to the stock exchanges within the prescribed time period under SEBI (LODR) Regulations, 2015. Based on the request of the Company, ICRA has withdrawn the long-term rating of [ICRA] BBB+ with a positive outlook and the short-term rating of [ICRA] A2.

The above information is a part of company’s filings submitted to BSE.

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Pricol Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/09/2020 ,inter alia, to consider and approve Raising of funds by way of issue of equity shares of the Company

Pricol Asia proposes to infuse around Rs 25 crore as share capital in the aforesaid WOS in India

Pricol’s wholly owned subsidiary -- Pricol Asia has received approval from Board of Directors of the company for the incorporation of wholly owned subsidiary (WOS) company in India under the name Pricol Electronics or such other name as approved by the Ministry of Corporate Affairs. Pricol Asia proposes to infuse around Rs 25 crore as share capital in the aforesaid WOS in India, which will engage in the business of manufacturing and distribution of electronic components catering to automotive as well as non-automotive applications.

Pricol is engaged in the business of manufacturing and selling of Instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.