Summary of Key Information:
Reporting Period: Financial Year ended 31st March, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Actions
Audit Opinion:
Unmodified opinion from Statutory Auditors on both Standalone and Consolidated Financial Results for FY26
Key Financial Highlights [₹ in Crores]:
Standalone Results:
Revenue from Operations: ₹1,836.44 crore (FY26) vs ₹1,607.02 crore (FY25)
Total Income: ₹1,855.04 crore (FY26)
Net Profit: ₹27.32 crore (FY26)
EPS: ₹2.02 (FY26)
Other Equity: ₹675.16 crore (31.03.2026)
Consolidated Results:
Revenue from Operations: ₹2,477.73 crore (FY26) vs ₹2,212.40 crore (FY25)
Total Income: ₹2,487.71 crore (FY26)
Net Profit: ₹50.51 crore (FY26) [Attributable to owners: ₹50.51 crore]
EPS: ₹3.73 (FY26)
Other Equity: ₹765.86 crore (31.03.2026)
Segment-wise Performance:
The company operates in one reportable business segment - Automotive Components
Segment Revenue: ₹2,477.73 crore (FY26)
Segment Results: ₹131.03 crore (FY26) vs ₹96.76 crore (FY25)
Segment Assets: ₹2,142.13 crore (31.03.2026)
Segment Liabilities: ₹1,357.90 crore (31.03.2026)
Corporate Actions:
Dividend: Recommended dividend of ₹0.55 per equity share (55%) for FY26, subject to shareholder approval
Other Significant Information:
Exceptional Items:
- Voluntary Retirement Scheme: ₹0.94 crore expenditure
- One-time impact of New Labour Codes: ₹7.38 crore for Group, ₹6.17 crore for Company
The Government of India notified four Labour Codes on November 21, 2025, consolidating 29 existing labour laws. This resulted in one-time increase in provision for employee benefits of ₹7.38 crore for Group and ₹6.17 crore for Company, recognized as exceptional items.
Entities in Consolidation:
1. Rico Auto Industries, Inc. (Wholly Owned Subsidiary)
2. Rico Auto Industries (UK) Limited (Wholly Owned Subsidiary)
3. MN Engineering Industries Limited (Wholly Owned Subsidiary)
4. Rico Fluidtronics Limited (Erstwhile Subsidiary)
5. Rico Friction Technologies Limited (Subsidiary)
6. Rico Jinfei Wheels Limited (Subsidiary)
Scheme of Amalgamation:
Rico Fluidtronics Limited merged into Rico Jinfei Wheels Limited pursuant to NCLT order dated 01 July 2025. The accounting treatment has been given effect from April 1, 2024.
Asset Held for Sale:
During FY26, the Company entered into an agreement to sell land at Haridwar, classified as "Asset held for sale" valued at ₹10.19 crore.
Financial Position as at 31.03.2026:
Consolidated:
Total Assets: ₹2,142.13 crore
Total Equity: ₹784.23 crore
Total Liabilities: ₹1,357.90 crore
Cash and Cash Equivalents: ₹12.77 crore
Borrowings: ₹702.44 crore (Non-current: ₹406.03 crore, Current: ₹296.41 crore)
Standalone:
Total Assets: ₹1,857.55 crore
Total Equity: ₹688.69 crore
Total Liabilities: ₹1,168.86 crore
Cash and Cash Equivalents: ₹3.29 crore
Borrowings: ₹612.91 crore (Non-current: ₹364.58 crore, Current: ₹248.33 crore)