Rico Auto Industries Limited (RICOAUTO) AI Stock Analysis

Rico Auto Industries Limited

(NSE:RICOAUTO)

Select Model

Rating:49Neutral

Price Target:INR 99.00▼(-0.20% Downside)

Action:reiterated

Date:09/18/26

The score is held back most by uneven cash generation and only moderate balance-sheet strength alongside thin margins, despite improving 2026 profitability. Technicals are also weak (negative MACD and trading below key moving averages), and valuation is expensive (P/E ~56) with minimal income support (0.43% yield).

Positive Factors

Diversified OEM PositionRico Auto’s presence across global and domestic OEM supply chains, vehicle categories, and multiple engineering processes supports customer diversification. This broad platform can provide durable access to automotive programs and reduce reliance on a single product or vehicle segment.

Negative Factors

Thin MarginsThin and volatile profitability leaves Rico Auto with limited protection against operating setbacks or changes in business conditions. Even after the 2026 recovery, the company may have less capacity than stronger-margin peers to absorb cost pressure or fund expansion from earnings.

Rico Auto Industries Limited (RICOAUTO) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 13.52B
Dividend Yield: 0.56%
Average Volume (3M): 82.45K
Price to Earnings (P/E): 43.8
Beta (1Y): 1.99
Revenue Growth: 21.35%
EPS Growth: -4.52%
Country: India
Employees: 2,401
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Rico Auto Industries Limited Business Overview & Revenue Model

Company Description

Rico Auto Industries Limited is an India-based engineering firm that specializes in the global production and distribution of high-precision, fully machined components and assemblies. Crafted from both aluminum and ferrous metals, these critical part...

Rico Auto Industries Limited Financial Statement Overview

Summary

Improving revenue and profitability into 2026, but overall quality is capped by thin and volatile net margins, moderate-to-elevated leverage (debt-to-equity ~0.93), and inconsistent free cash flow with 2026 back to negative.

Income Statement

64Positive

Balance Sheet

58Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	26.92B	24.78B	22.12B	21.60B	23.02B	18.48B
Gross Profit	8.88B	6.29B	2.14B	2.28B	6.74B	5.20B
EBITDA	2.04B	2.25B	2.00B	2.31B	2.39B	1.71B
Net Income	305.90M	505.10M	214.00M	383.40M	510.10M	237.10M
Balance Sheet
Total Assets	0	21.42B	20.02B	18.95B	19.36B	17.95B
Cash, Cash Equivalents and Short-Term Investments	153.40M	156.30M	195.40M	208.10M	348.90M	257.30M
Total Debt	0	7.28B	6.97B	6.88B	7.54B	6.13B
Total Liabilities	-7.84B	13.58B	12.69B	11.72B	12.46B	11.61B
Stockholders Equity	7.84B	7.79B	7.30B	7.20B	6.89B	6.34B
Cash Flow
Free Cash Flow	368.10M	-235.20M	-259.10M	766.60M	-404.30M	124.10M
Operating Cash Flow	1.49B	2.73B	1.33B	2.47B	1.60B	2.16B
Investing Cash Flow	-1.13B	-2.88B	-1.28B	-1.03B	-2.33B	-1.99B
Financing Cash Flow	-409.90M	122.40M	-32.90M	-1.53B	773.00M	-244.40M

Rico Auto Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price99.20

Price Trends

50DMA122.39Negative

100DMA129.43Negative

200DMA123.73Negative

Market Momentum

MACD-6.68Positive

RSI26.50Positive

STOCH20.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RICOAUTO, the sentiment is Negative. The current price of 99.20 is below the 20-day moving average (MA) of 112.19, below the 50-day MA of 122.39, and below the 200-day MA of 123.73, indicating a bearish trend. The MACD of -6.68 indicates Positive momentum. The RSI at 26.50 is Positive, neither overbought nor oversold. The STOCH value of 20.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RICOAUTO.

Rico Auto Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RICOAUTO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TALBROAUTO	78Outperform	INR 21.85B	19.49	―	0.21%	8.71%	16.57%
IN:GNA	71Outperform	INR 22.95B	15.83	―	0.56%	23.06%	38.22%
IN:JAYBARMARU	66Neutral	INR 12.44B	9.00	―	0.61%	13.29%	172.02%
IN:RACLGEAR	56Neutral	INR 16.07B	32.22	―	0.11%	28.21%	65.76%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PRECAM	54Neutral	INR 8.85B	21.58	―	1.07%	-4.88%	-33.32%
IN:RICOAUTO	49Neutral	INR 13.42B	43.84	―	0.56%	21.35%	-4.52%

* General Sector Average

Performance Comparison

IN:RICOAUTO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RICOAUTO	Rico Auto Industries Limited	99.20	15.25	18.16%
IN:GNA	GNA Axles Ltd	534.60	215.79	67.68%
IN:JAYBARMARU	Jay Bharat Maruti Limited	114.90	23.26	25.38%
IN:PRECAM	Precision Camshafts Ltd.	93.15	-91.43	-49.53%
IN:RACLGEAR	RACL Geartech Ltd	1363.65	264.89	24.11%
IN:TALBROAUTO	Talbros Automotive Components Limited	354.05	60.69	20.69%

Rico Auto Industries Limited Corporate Events

Rico Auto Publishes Fourth Notice on Special Demat Window for Physical Shares

Aug 20, 2026

Rico Auto Industries has notified the stock exchanges that it has published a fourth notice in leading newspapers regarding the opening of a special window for the transfer and dematerialisation of physical securities held by its shareholders. The co...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 18, 2026

Rico Auto Industries Limited AI Stock Analysis