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HomeSHARE MARKETExpert Has Selected This Strong Stock To Buy; Company Makes EV Ready...

Expert Has Selected This Strong Stock To Buy; Company Makes EV Ready Products

EV Share
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Stock to Buy: This week was a little short in terms of trading. We have seen Good growth in the market during 3 days of trading. 

To ensure that investors can get the benefit from this bullish trend, there has some selected strong stock they may buy and place bets there. 

This stock is a good bet from both a short-term and long-term perspective. This week, the stock market has seen a dramatic rise. In this upswing, good action has also been seen in many stocks in the market.

Share Details

The stock that we are talking about is Pricol Ltd (NSE: PRICOLLTD). It has seen that Investors invested in this share in February 2023 and the target price was achieved within a day or two.

What Does The Company Do?

This company has good leadership in 2-wheelers, it makes instrument clusters for two-wheelers.

The company has also prepared many EV-ready products. The company’s fundamentals are very good.

How Are The Company’s Fundamentals?

The company’s return on equity is 29 percent. In the last 3 years, profit growth is 47 percent and sales growth is 16-17 percent. 

In December 2022, the company earned a profit of Rs 27 crore and in December 2023, the company had registered a profit of Rs 34 crore.

The stake of domestic and foreign investors in the stock is 13-14 percent. The credit ratings of the company are quite strong.

About Pricol Ltd Company

Pricol Limited, a company based in India that provides automotive technology and precision engineering solutions, is a subsidiary of Pricol Technologies. 

The Company’s business is in driver information and connected vehicle systems, actuation, controls, and fluid-management systems for OEMs in two or three-wheeler, passenger, commercial, farm, offroad, and other vehicles. There are approximately 2000 different product variations.

The company’s primary business is in the automotive sector. Automotive components are manufactured and traded by the automotive segment.

The company is in the business of manufacturing and selling instrument clusters, as well as other automotive components to OEMs or replacement markets. 

The Company operates eight manufacturing plants in India, including Coimbatore and Manesar in India, as well as Satara, Satara City, Satara, and Sri City, and a manufacturing plant in Jakarta in Indonesia.

 Fundamental Analysis of Pricol Ltd

Market Cap₹ 4,749 Cr.
Current Price₹ 389
52-wk High₹ 444
52-wk Low₹ 199
Stock P/E36.8
Book Value₹ 63.0
Dividend0.00 %
ROCE20.1 %
ROE18.3 %
Face Value₹ 1.00
P/B Value6.18
OPM11.8 %
EPS₹ 10.6
Debt₹ 88.4 Cr.
Debt to Equity0.12

Pricol Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 482₹ 522
2025₹ 532₹ 550
2026₹ 560₹ 589
2027₹ 600₹ 622
2028₹ 634₹ 660
2029₹ 665₹ 680
2030₹ 690₹ 723
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Pricol Ltd Shareholding Pattern

Promoters Holding
Dec 202236.53%
Mar 202336.53%
June 202338.51%
Sept 202338.51%
Dec 202338.51%
FII Holding
Dec 202212.51%
Mar 20233.67%
June 20232.89%
Sept 20233.96%
Dec 20236.50%
DII Holding
Dec 20224.35%
Mar 20236.56%
June 20235.58%
Sept 20235.59%
Dec 20236.92%
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Public Holding
Dec 202246.61%
Mar 202353.24%
June 202353.02%
Sept 202351.93%
Dec 202348.05%

Pricol Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,814 Cr
2020₹ 1,239 Cr
2021₹ 1,413 Cr
2022₹ 1,545 Cr
2023₹ 2,211 Cr

Last 5 Years’ Net Profit:

2019₹ -174 Cr
2020₹ -99 Cr
2021₹ 42 Cr
2022₹ 51 Cr
2023₹ 129 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.52
20200.93
20210.47
20220.22
20230.13

Last 10 Years’ Profit Growth:

10 Years:%
5 Years:34%
3 Years:47%
Current Year:28%

Last 10 years’ Return on Equity (ROE):

10 Years:%
5 Years:-2%
3 Years:13%
Last Year:18%

Sales Growth Over 10 Years:

10 Years:%
5 Years:8%
3 Years:16%
Current Year:20%

Conclusion

This article is a complete guide about Pricol Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s prospects and growth potential.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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