Pritika Auto Industries Limited is the flagship company of the Pritika Group, founded in 1973-74. Originally incorporated on April 11, 1980, as Shivkrupa Machineries and Engineering Services Limited, it was renamed Pritika Auto Industries Limited on March 24, 2017. The Pritika Group is recognised as the largest manufacturer of machined castings in North India, positioning itself as a significant player in the automotive components sector.
Pritika Auto Industries is an India-based company engaged in manufacturing tractor and automobile components, specializing in machined castings and automotive components. The company's expertise spans design, engineering, casting, machining, and sub-assembly of components, primarily serving the automotive and tractor industries. Pritika operates manufacturing facilities located at Derabassi and Hoshiarpur in Punjab, and Tahliwal in Himachal Pradesh, with a total production capacity exceeding approximately 50,000 metric tons per annum (MTPA).
Pritika Auto Industries Ltd currently has a market capitalization of ₹309.38 crore as of June 10, 2025. The company has demonstrated efforts in improving financial metrics, including working capital management where debtor days have improved from 61.4 to 45.1 days. While EBITDA has seen improvement, profit after tax has faced pressure from rising finance costs and depreciation, which is a challenge common in this capital-intensive industry. The company has maintained a low return on equity of 7.90% over the last 3 years.
- Market Capitalization: ₹309.38 Crore (as of June 10, 2025)
- Promoter Holding: 57.52% (as of March 2025)
- 52-Week High: ₹36.55
- 52-Week Low: ₹12.80
- Current PE Ratio: 18.24
- Current PB Ratio: 1.31
- Book Value: ₹14.2
- ROCE: 11.7%
- ROE: 7.55% (Current) / 7.90% (Last 3 Years Average)
- Q3 FY25 (December 2024):
- Sales: ₹80.65 Crores (13.86% growth YoY)
- Net Profit: ₹3.13 Crores (5.39% growth YoY)
- Q2 FY25 (September 2024):
- Sales: ₹85.77 Crores (8.46% decline YoY)
- Net Profit: ₹7.32 Crores (93.65% growth YoY)
- Q1 FY25 (June 2024):
- Revenue: ₹88.80 Crores (Sales declined 6.25% YoY)
- Growth fueled by recovering demand and strategic initiatives for international presence expansion.
Pritika Auto Industries operates manufacturing facilities at Derabassi and Hoshiarpur in Punjab, and Tahliwal in Himachal Pradesh. The company's total production capacity exceeds approximately 50,000 metric tons per annum (MTPA). The company is actively pursuing capacity expansion, targeting an installed capacity of 100,000 tons. Current capacity utilization post-expansion is around 60% of a total capacity of 70,000 tons, indicating room for growth and operational efficiency gains.
The company has demonstrated improvement in working capital management, with debtor days improving from 61.4 to 45.1 days. Operational efficiencies derived from recent mergers are anticipated to enhance margins.
Pritika manufactures a comprehensive range of products including axle housings, wheel housings, hydraulic lift housings, end covers, plate differential carriers, brake housings, cylinder blocks, and crank cases. The company also provides component parts such as chassis motors for buses, lorries, omnibuses, scooters, tractors, and other allied products for the automobile industry.
The company serves as a supplier to Original Equipment Manufacturers (OEMs), fostering strong partnerships within the automotive ecosystem. As one of India's premier component suppliers to the tractor segment, they cater to quality-driven customers such as MM Swaraj, Escorts, SML Isuzu, Ashok Leyland, and New Holland Tractors India, while also maintaining a significant export presence.
The Pritika Group plans to diversify into railway, defense, and electric hybrid tractor components manufacturing, signalling a strategic pivot towards emerging sectors with higher growth potential. The company is optimistic about significant growth in high-value components, particularly in the defense and railway sectors, projecting a 15% to 20% annual revenue increase driven by new product launches.
Pritika Auto Industries has commenced commercial production of ordered components from a leading multinational tractor manufacturer in India, following successful completion of inspection and trials. This milestone underscores the company's capability to meet stringent quality standards and expand its customer base.
The company has undergone significant corporate restructuring, including the amalgamation of Pritika Autocast Limited and Nibber Castings Private Limited. Furthermore, the Automotive/Tractor/Engineering Components Business Undertaking of Pritika Industries Limited was demerged into Pritika Auto Industries Limited effective April 1, 2021.
Pritika Auto Industries continues to solidify its position as a reliable partner for automotive OEMs while strategically expanding into high-growth sectors, including defense and railway components. The company's focus on operational efficiency, capacity expansion, and diversification into emerging sectors highlights its commitment to sustainable long-term growth within India's evolving automotive landscape.
