Rico Auto Industries Ltd.
Snapshot View

57.90 -1.15 ▼-2.0%

03 August 2021, 04:00:00 P.M.
Volume: 302,756

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.ricoauto.in
Financial Indicators
Market Cap 783.30 Cr.
Earnings per share (EPS) -1.05 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 82.70 Trailing Twelve Months Ending 2021-03
Book Value / Share 44.78 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.29 Calculated using Price: 57.90
Dividend Yield 0.52 Period Ending 2020-03
No. of Shares Subscribed 13.53 Cr. 135,285,000 Shares
FaceValue 1
Company Profile

Rico Auto Industries, incorporated in 1984-85, is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe. Its consolidated group total turnover is over $285 million (Rs 1100 crore).

Rico’s integrated services include design, development, tooling, casting, machining and assembly across ferrous and aluminum products.

Rico Auto is a dynamic world-class engineering company, supplying a broad range of high precision fully machined ferrous and aluminium components and assemblies to automotive OEMs globally. The company enjoys an excellent reputation for our customer focus, quality and cost-competitiveness. Its engineering excellence, advanced design and development capabilities, strong customer relationships and proven scalability, have helped it become a preferred supplier to OEMs across the globe.

Today it has earned a reputation of being a reliable high quality supplier capable of supplying global volumes and also of an integrated and innovative development partner capable of developing complex products. It is increasingly positioning itself as a strategic design development partner which helps it with early sourcing opportunities. It has achieved critical mass now and estimate that it would continue to grow its export at a fast pace in the next few years.

Milestones:

  • 1984-86 Rico Auto was incorporated (1984-85) and commercial production started (1986) Aluminum HPDC plant set up in Dharuhera (40 km from Delhi, India) TC with FCC Japan for manufacturing of Clutch Assembly
  • 1990-92 Ferrous Casting & Machining plant set up in Gurgaon (20 km from Delhi, India) Entered International Market as OEM Supplier to MEC Japan.
  • 1994-96 FCC RICO (50:50) JV formed Started supplying globally to USA & UK (Eaton, Cummins, GM, etc.)
  • 1998-00 Second Aluminum HPDC & Machining Plant set up in Gurgaon
  • 2000-02 Set up full service Engineering, Design & Development function. Added Customers: Ford, Jaguar, Land Rover Certified TS 16949, ISO 140001, OHSAS 18001
  • 2002-04 Enhanced Ferrous & Aluminum Capacity Added Customers: Caterpillar, Honeywell, Detroit Diesel, Volvo
  • 2004-06 R&D Center started Added Customers: Nissan, Tata, Perkins
  • 2007JV with CONTINENTAL Automotive Systems (Hydraulic Brakes) JV with JINFEI CHINA (Aluminum Alloy Wheels - 2 Wheelers) Acquired 25 acres land in Chennai.
  • 2010 - New Plant at Haridwar commences production.
  • 2011 - New Plant at Sanand, Gujarat commences production.

Product range of the company includes:

Oil Pump Assembly, Fuel System Parts, Lube Oil Filters Heads, Exhaust Manifolds, Turbine Housings, Center Housings, Back Plates, Crank Cases & Covers, Cylinder Head Covers, Oil Pan, Intake Manifold Covers, Front Cover, Valve Cove, Side Cover, Balance Shafts Assembly, Gear Housing, Bearing Caps,Water, Air Connections and Pressure Plates, Flywheels, Timing Cases, Oil Filter Adaptor, Engine Brackets, Cylinder Block (Ferrous), Cylinder Head (Aluminum), Clutch Assembly, Automatic Transmission Bracket Assembly, Differential Case Housings, Gear Shifts Forks, Wheel Hubs Assembly, SetsBrake Panel Assembly, SetsBrake Discs, Drums and Steering Knuckles.

Clientele:

The long list of company’s clients include, Hero Honda, Honda, Suzuki, Bajaj, Volvo, Jaguar, Tata, Perkins, Honeywell etc.

Different divisions of the company:

  • Aluminum Casting
  • Ferrous Casting
  • Machining & Assembly
  • Engineering & R&D
  • Dies, Patterns & Tooling

Subsidiaries/ Joint Ventures:

  • FCC Rico
  • Continental Rico
  • Rico Jinfei
  • MAGNA Powertrain RICO

Achievements/  recognition:-

  • Rico is a ISO / TS 16949, ISO 14001 and OHSAS 18001 Certified company. 
  • Rico has become FORD Q1 since July 2007
  • Best Retention Strategy-2007
  • Best HR Practices-2007

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.95%
1 Week
-2.69%
1 Month
+21.13%
3 Month
+40.02%
6 Month
+54.61%
1 Year
+110.16%
2 Year
+37.37%
5 Year
+15.80%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 6.78 1.57 0.78 38.41 6.45 9.78 10.14 8.12 2.70
Return on Capital Employed (%) 13.01 9.96 10.37 35.84 9.21 10.57 10.78 10.47 4.93
Return on Assets (%) 1.94 0.45 0.23 15.00 3.34 5.20 5.38 3.97 1.21

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 341 344 349 451 471 524 563 616 621
Non Curr. Liab. 253 214 145 112 120 98 90 198 245
Curr. Liab. 558 663 677 312 308 342 426 511 554
Minority Int. 4 4 3 3 4 3
Equity & Liab. 1,153 1,221 1,170 878 902 967 1,083 1,329 1,423
Non Curr. Assets 687 769 749 500 547 591 628 784 856
Curr. Assets 465 452 421 378 355 377 455 546 567
Misc. Exp. not W/O
Total Assets 1,153 1,221 1,170 878 902 967 1,083 1,329 1,423

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,505 1,506 1,480 1,346 1,007 1,038 1,209 1,393 1,401
Other Income 20 44 26 43 14 13 16 19 23
Total Income 1,524 1,550 1,506 1,389 1,021 1,051 1,225 1,412 1,424
Total Expenditure -1,373 -1,393 -1,332 -1,260 -908 -927 -1,078 -1,249 -1,287
PBIDT 151 157 175 129 113 125 147 163 136
Interest -70 -69 -67 -53 -20 -17 -19 -27 -31
Depreciation -71 -87 -94 -85 -47 -46 -54 -58 -80
Taxation -12 -8 -10 -33 -11 -12 -12 -21 -2
Exceptional Items 25 13 0 194 -5 -1 -7 -10 -7
PAT 22 5 3 154 30 49 55 48 17

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 112 213 291 -21 35 75 86 128 119
Cash Fr. Inv. -33 -156 -72 246 -14 -67 -79 -181 -136
Cash Fr. Finan. -92 -53 -221 -231 -22 -8 -1 69 2
Net Change -13 5 -2 -6 0 0 6 16 -14
Cash & Cash Eqvt 6 11 9 3 4 2 9 25 12

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 50.20 50.28 50.28 50.30 50.30 50.30 50.30 50.32 50.32
Public 49.81 49.72 49.72 49.70 49.70 49.70 49.70 49.68 49.68
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 26 Jul 2021
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We wish to inform you that on the recommendation of Audit Committee the Board of Directors of the Company in its meeting held on 26th July 2021 have considered and approved the Scheme of Amalgamation (Scheme) for merger of Wholly Owned Subsidiary Companies namely (1) Rasa Autocom Limited (RASA); (2) Rico Aluminium and Ferrous Auto Components Limited (RAFA); and (3) Rico Investments Limited (RIL) with and into itself pursuant to Sections 230 to 232 of the Companies Act 2013. RIL is wholly owned subsidiary of the Company and RAFA & RASA are Wholly Owned Subsidiaries of RIL and Step-down Wholly Owned Subsidiaries of the Company.

The Scheme is subject to necessary statutory and regulatory approvals including the approvals of National Company Law Tribunal the shareholders and creditors of each of the Companies.

This is for your information and record.
Mon, 26 Jul 2021
Scheme Of Amalgamation Of Step-Down Subsidiary Company Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015<BR> <BR>
We wish to inform you that we have been informed by our Step-Down Subsidiary Company namely Rico Jinfei Wheels Limited (Rico Jinfei) that it has in its Board Meeting held on 26th July 2021 approved the Scheme of Amalgamation (Scheme) for merger of Rico Castings Limited (RCL) with and into itself pursuant to Sections 230 to 232 of the Companies Act 2013. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of National Company Law Tribunal the shareholders and creditors of each of the Companies.

We wish to further inform that pursuant to Scheme of Amalgamation Rico Jinfei shall issue equity shares to the shareholders of RCL which shall result in dilution of 3.05% in Companys (Rico Auto) indirect holding from 94.79% to 91.74% in Rico Jinfei on expanded capital basis.

This is for your information and record.
Thu, 22 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed the copies of the Notice published in the following Newspapers titled - Notice to Shareholders [Transfer of Unpaid/Unclaimed Dividend and Equity Shares to Investor Education & Protection Fund Authority (IEPF Authority)]:

i) Business Standard (English Newspaper) New Delhi - 22/07/2021
ii) Business Standard (English Newspaper) Mumbai - 22/07/2021
iii) Veer Arjun (Hindi Newspaper) New Delhi - 22/07/2021

Copy of the said Publications are submitted for your reference and record.

Technical Scans View Details

Tue, 03 Aug 2021
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week High Zone Close Within 52 Week High Zone
CCI Bearish CCI Bearish
RSI Bearish RSI Bearish
Mon, 02 Aug 2021
Higher Trade Quantity Higher Trade Quantity

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