Pricol Limited - Running Vehicles Smoothly

Premier Instruments & Controls commonly known as "PRICOL" is primarily engaged in the business of manufacturing Instruments for a vehicles dashboard & related accessories , Oil Pumps and Idle Speed Control Valve Assembly. The company started its Commercial production way back in 1974 as an automobile ancillary unit; they further diversified into electronic control instruments, precision machine tools, and panel and sensor instruments for defence and industrial gauges.

Products

• TWO WHEELERS: Units, Auto, Chain, Sensors, Pumps, Instrument, Oil, Oil, Sensors, Vehicle Security System
• FOUR WHEELERS: Analog Clocks, Brake Light Switches, Cigarette Lighters, EGR Valves, Fuel Level Sensors, Instrument Clusters, Map Sensors, Oil Pumps, Power Sockets, Speed Sensors, Temperature Sensors, Top Dash Tachometers, Vacuum Switching Valves, Vehicle Convenience & Security Systems, Idle Speed Control Valves, Windshield Washer Systems.
• TRACTORS, CONSTRUCTION & INDUSTRIAL: Neutral Safety Switches, Vacuum Switches, Gauges, Brake Light ,Switches, Charge Pumps, Cigarette Lighters, EGR Valves, Fuel Level Sensors, Hour Meters, Instrument Clusters, Low Oil Pressure Switches, Natural Safety Switches, Oil Pumps, Pressure Relief Valve, Power Sockets, Pressure Sensors, Sensors, Temperature, Temperature Sensors, Warning Indicators.
• COMMERCIAL VEHICLES: Vacuum Switches, Road Speed Limiter(Speed Governor),Gauges, Vehicle Tracking System, Hydraulic Cab Tilt System, Centralized Lubrication System, Digital Tachograph, Brake Light Switches, Fuel Level Sensors, Instrument Clusters, Oil Pumps, Pressure Relief Valve, Pressure Sensors, Speed Sensors.
• FLEET MANAGEMENT SOLUTIONS: Digital Fare Meters, Road Speed Warning System, Vehicle Monitoring System, Journey Risk Management, Centralized Lubrication System, Road Speed Limiter(Speed Governor),Vehicle Tracking System.

Its Plant location are Coimbatore, Pune, Gurgaon, Pantnagar, Jakarta,Sao Paulo and has International Offices in Chicago, Detroit, New Jersey, London, Stuttgart, Tokyo and Singapore

The company has technical collaboration with various foreign companies like N S International, US; Denso Corporation, Nippon Seiki Co. Ltd, Toyoda Gosei Co., Kojima Press Inds., all of Japan and Deok Chang Machinery Co. of Korea, marketing agents of its products are in Germany, France, Italy, Netherlands, UK, US, Finland, Turkey, Egypt, Syria, Malaysia, Belgium and South Africa.

Customer:

Bajaj, BMW, HarleyDavidson, Hero, Royal, Toyota, Mitsubishi, Renault, DensoNissan,Tata,GM,Kawasaki, Piaggio, KTM, Honda, Force, Motors, Escorts, Tafe, Ashok Leyland, Enfield, Yamaha, TVS, Suzuki, Honda, Mahindra to name just some of them.

Market Expectations:

• Automotive Mission Plan 2016-26 envisages a 4 time growth in value of Auto Industry as a whole.
• Automotive Component Industry CAGR of 14% from FY 2013-14 to FY 2020-21.
• Automotive Component Industry to show robust growth to USD 115 Billion by FY 2020-21, and contributing to at least 10% of India’s GDP, up from 7% of GDP currently.
• Exports to grow upto 26% of total Indian Auto Component Market by 2021.

Rationale for Growth

Key Highlights

• 2nd largest in the world to manufacturer of Driver Information Systems (DIS).
• Largest Indian manufacturer of automotive pumps for the 2 Wheelers.
• 4th largest manufacturer of Instrument clusters for tractor & off highway vehicles in the world.
• Largest manufacturer of Telematics solutions for the tractors & off highway vehicle segments.
• India’s largest manufacturer of speed governors and cabin tilt mechanisms for the commercial vehicle segment.
• Ranking within the Top 10 global manufacturers of automotive sensors.

PRICOL Share News

• The company is planning to set up plants in Vietnam and Mexico as a part of Vision 2020.
• It is planning to invest Rs 500cr. In expansion and acquisition.

PRICOL is one of the Multibagger Stocks, identified by Dynamic Research at the end of every month. PRICOL can be a great investment opportunity which can give you high return. PRICOL is a well analyzed Multibagger Stock, based on our technical and fundamental research, traded in very high volumes. Pricol Share Price is currently 52.15 and the 52 week High / Low is 57.90 and 28.50 respectively. The share price of Pricol has doubled in a span of one year and the share is currently trading at a P/E of 26.67 and has a Market Cap of 499 crores. About 7% of the promoters holding have been pledged. The share price of Pricol made a high of 57.90 on 21.04.16 and has corrected to the levels of 49.35 on 02.05.16. One can add the share to his/her portfolio on dips till 49 keeping a stop of 43 for a short term target of 60.

To get more support & resistance of the stock visit Pricol Share Price Forecast.