Rico Auto Industries Ltd. share price target and research reports

Name: Latest research reports of Rico Auto Industries Ltd. authored by Rudra Shares and Stock Brokers Ltd and published by - Trendlyne research reports.
Item: Rico Auto Industries Ltd.
Rating: 5
Author: Rudra Shares and Stock Brokers Ltd

Latest analyst research reports with target prices and PDF download for RICOAUTO, BSE:520008 Rico Auto Industries Ltd.

Rico Auto Industries Ltd.

23 Aug 2017

72.65

2.93%

RICO AUTO INDUSTRIES..

Buy: Rico Auto Industries Ltd.

Rudra Shares and Stock Brokers Ltd

Strong Clientele Base:Company is a well established auto component Tier 1 supplier to both the 2 wheeler, 4 wheeler and industrial segments. Notable large OEM customers include Bajaj Auto, Hero Motor, Yamaha, Honda, Suzuki, TVS, Tata Motors, GM, Renault, Nissan, Ford, Jaguar, Volvo, Caterpillar, Perkins, Tata Cummins, Magna, Honeywell, Continental and Jatco. Company expects strong relationship with OEMs offers a big opportunity for RAIL to expand its product offerings and increase content per vehicle. RAIL has won a new Differential Housing Business order from GKN and BMW. Also ramp up in exports to Jatco and Renault is...

Rico Auto Industries Ltd. has lost -44.96% in the last 1 Year

Rico Auto Industries Ltd.

14 Jul 2017

72.65

2.93%

Rico Auto Industries

Not Rated: Rico Auto Industries Ltd.

ICICI Securities Limited

We recently attended the investor meet of Rico Auto Industries (RAL) to understand its business model. RAL, established in 1983, manufactures & supplies machined components & assemblies of aluminium (71% of revenue) and ferrous (29% of revenue) components; domestic (73% of revenue) & exports (27% of revenue). In terms of customer mix, Hero MotoCorp accounts for 34% of revenue, Renault Nissan & BMW account for 16% each, Maruti Suzuki & Cummins account for 10% each & remaining 14% is from others. It has recently entered the aftermarket...

Rico Auto Industries Ltd. is trading above its 100 day SMA of 70.1

Is Rico Auto Industries Ltd. worth buying?

184 Votes:

Buy 84.78%

Sell 8.15%

Hold 7.07%