Buy Pricol, target price Rs 200: ICICI Direct

ICICI Direct has buy call on Pricol with a target price of Rs 200. The current market price of Pricol Ltd. is Rs 169.5.
Time period given by analyst is one year when Pricol Ltd. price can reach defined target.

Pricol Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2058.58 Crore) operating in Auto Ancillaries sector.


Pricol Ltd. key Products/Revenue Segments include Oil Pump, Other Operating Revenue, Traded Goods, Export Incentives, Other Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 448.16 Crore, up 7.78 % from last quarter Total Income of Rs 415.80 Crore and up 40.09 % from last year same quarter Total Income of Rs 319.92 Crore. Company reported net profit after tax of Rs 20.59 Crore in latest quarter.

Investment Rationale
The brokerage retains BUY rating on Pricol amid management walking the talk over debt reduction plans, new tie-ups as well as ambitious Vision 2025

Promoter/FII Holdings
Promoters held 36.53 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.92 per cent, DIIs 2.98 per cent.