Pritika Engineering Components Ltd.
NNSE:PRITIKA79.00
INR
-1.00
(-1.25%)
ISIN
INE0MJQ01020
Return %
Stock
S&P 500
1Y
-10.13
14.20
3Y
119.44
81.12
5Y
- -
68.34
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
INR
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in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Harpreet Singh Nibber
- Full Time Employees
- 686
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Plot No. C-94, Phase-VII, Industrial Area Mohali India 160055
- IPO Date
- Dec 8, 2022
- Website
- pritikaengineering.com
- Similar Companies
- Business
- Pritika Engineering Components Ltd manufactures and sells precision machined components for the automotive industry, primarily serving original equipment manufacturers (OEMs) of tractors, trucks, commercial vehicles, and construction equipment in India. The company produces a range of cast and machined products including end covers; cover sealed brakes; differential cases; cover hydraulic lifts; cover trans cases; front wheel hubs; fly wheel housings; rear axle casings; hydraulic lift covers; brake housings; front engine supports; front axle supports; gear box housings; clutch housings; and front axle beams for four-wheel drive applications, with casting weights ranging from 30 to 120 kg utilizing ductile and grey iron grades. Incorporated in 2018 and headquartered in Mohali, Punjab, India, with manufacturing facilities in Hoshiarpur, Punjab, the company operates as a subsidiary of Pritika Auto Industries Ltd, which holds approximately 70.8% promoter stake through direct and indirect ownership, and is part of the Pritika Group founded in 1974. The company supplies components directly to major OEMs such as Escorts Kubota Ltd; Mahindra & Mahindra Ltd; Tractor & Farm Equipment Ltd; Ashok Leyland Ltd; and CNH Industrial (India) Pvt Ltd, among others, with a pan-India presence and select exports to the United States and Turkey. In recent developments, Pritika Engineering Components commenced commercial production in November 2024 of new high-margin components including hydraulic lift housings and axle housings for a leading multinational tractor manufacturer in India, following successful trials, with the order valued at approximately Rs 18 crore annually over four to five years. The company acquired approximately 87,000 square feet of land in Hoshiarpur, Punjab, in September 2024 for expansion, supported by a proposed Rs 49.50 crore capital expenditure funded via a planned fundraise and an increase in authorized share capital to Rs 25 crore, aiming to enhance production capacity and diversify into railways and defence components. These initiatives follow record monthly dispatches of 1,350 metric tons in September 2024 and highest-ever consolidated group sales of 3,550 tons in July 2024, alongside strategic adoption of advanced technology for heavier-weight products.