Update shared on 21 Dec 2025
Narrative Update on Pricol: Analyst Price Target Revision
Analysts have modestly maintained their fair value estimate for Pricol at ₹650.00 per share, supported by largely unchanged assumptions on revenue growth, profit margins, discount rate, and future valuation multiples, which together reinforce their existing outlook on the stock.
What's in the News
- Board meeting scheduled for November 6, 2025, to review and approve unaudited financial results for the quarter and half year ended September 30, 2025 (company filing)
- Memorandum of Understanding signed with BOE Varitronix Limited to establish an exclusive collaboration for localization of optical bonding of LCD/TFT displays in India, targeting 2-wheelers, three-wheelers, commercial vehicles, and off-road vehicles (company announcement)
- Initial phase of the BOE Varitronix partnership to focus on optical bonding using OCA, with potential expansion into backend assembly activities to deepen localization and reduce costs (company announcement)
- MoU with BOE Varitronix structured as a non related party transaction, with no promoter or group company interests, underscoring its arm's length and strategic nature (company announcement)
Valuation Changes
- The consensus analyst price target and fair value estimate remain unchanged at ₹650.00 per share, indicating no revision to the core valuation anchor.
- The discount rate has risen slightly from 14.67 percent to 14.71 percent, implying a marginally higher required return on equity risk.
- Revenue growth assumptions are effectively unchanged, holding steady at around 18.29 percent and signaling a consistent view on topline expansion.
- The net profit margin forecast remains virtually unchanged at about 7.11 percent, reflecting stable expectations for profitability.
- The future P/E multiple has edged up slightly from 30.47x to 30.50x, indicating a marginally higher implied valuation for future earnings.
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