Pricol - Loss Making Entities Sold, Clean Slate Growth Ahead: ICICI Direct
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ICICI Direct Report
Pricol Ltd., established in 1974, is a Coimbatore-based supplier of diversified auto components like instrument clusters, sensors and switches, pumps and mechanical products, telematics solutions and wiping systems.
In Q3 FY21, the company derived approximately 65% sales from two-wheeler, three-wheeler segment, ~4% from passenger vehicle, ~8% from commercial vehicle space, ~9% from off-road vehicles and tractors and ~13% from aftermarket and exports.
It also has subsidiaries in India for wiping systems, in Indonesia for instrument clusters and in Singapore for procurement of electronics for its manufacturing requirement.
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