Rico Auto Industries - Improved Revenue Visibility, Margin Expansion: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.Rico Auto Industries Ltd. is an established player in the auto ancillaries industry, with a track record of over three decades. It enjoys a strong market position in its key product segments: high-pressure aluminium and ferrous die cast components. The company is receiving strong orders from the domestic as well as export markets driving its topline growth. Monsoons have been good and the company expects strong revival in two-wheeler sales. Also the new hybrid SUV launches from Toyota and Maruti Suzuki India Ltd. have received good response. Toyota has already indicated higher offtake. On the export front, faster adoption of electric vehicle is leading to higher sales of aluminium casted components. Since 2018, Rico has been focusing on the emerging EVs and hybrid vehicle components and have started supplying to BMW, Toyota, Stellantis (PSA) and Renault. Rico has been gradually expanding its capacities on back-to-back order basis. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Rico Auto Industries - Improved Revenue Visibility, Margin Expansion: HDFC Securities