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Pritika Auto shows a stellar performance, to cross Rs 200cr in March


Pritika Auto Industries Ltd is a 45-year-old, BSE-listed company. With four factories -- two in Punjab and Himachal Pradesh each -- the company currently has a workforce of one particular, 200 employees. The industry’s product line contains all the parts used in a tractor. With big names linked to the company, Pritika Auto Sectors is the OEM distributor of all tractor components.

As tractor sales are currently higher than it has been a long time, the company has seen its sales growing by more than forty per in the last two years.

Sales push

With all the government's financial push to the agricultural sector, the business has witnessed an increase in demand for farming equipment and irrigation sectors.

Sales push

Since Walk 2017, a quick check out most listed auto additional stocks in a similar segment as Pritika shows an inclination for these stocks to be appreciated at 1: 1 yield to market cap rate.

Fundraising

The company raised near? 25 crore in the first half of November 2017 via the perfcap route. The promoters also used this allotment and increased their stake.

Stellar results

The previous year, the company announced a PAT of? 4.27 crore and EPS of three. 15 for March 2017.

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