What we do Pritika Engineering Components Ltd manufactures precision machined components mainly for automotive sectors like tractors and commercial vehicles, supplying OEMs in India. |
Founded in 2,018 |
Market share A significant player in tractor and commercial vehicle component manufacturing with increasing capacity and expanding product range. |
Problem solved Provides high-quality, customized automotive components to OEMs, supporting mechanization and vehicle manufacturing efficiency. |
Top clients or who we serve Primarily serves tractor and commercial vehicle OEMs, focusing on B2B relationships within the automotive industry. |
Key management Mr. Harpreet Singh Nibber (Chairman & Managing Director) |
Our journey and innovations Incorporated in 2018, went public in 2022, doubled capacity from 12,000 to 24,000 tons/year, started new product lines including hydraulic lift housings by FY25. |
Where we operate Manufacturing based in Punjab, India, serving major Indian automotive OEMs, mainly in the tractor sector. |
Top products or what we offer Machined components like end covers, brake covers, differential cases, axle casings, hydraulic lift covers for tractors and commercial vehicles. |
Top brands - |
Raw materials needed CRC Scrap, MS Scrap, Turnings, Cast Iron, Pig Iron, Ferro Silicon, Ferro Manganese, Copper, Sand. |
Raw materials supplier Sourced from local scrap and metal suppliers in India market. |
Recurring vs cyclical contribution Revenue primarily cyclical with OEM production cycles but growing with expanding product lines and capacity. |
Our industry position Growing manufacturer with rising capacity and diversified product offerings, targeting leadership in tractor component supply. |
Financial highlights FY25 consolidated revenue Rs 117.38 crore; Net profit Rs 5.74 crore; steady revenue and profit growth over prior year. |
Geographical revenue split - |
Order book - |
Whats driving growth Capacity expansion, product diversification, increasing mechanization in agriculture and automotive sector demand. |
Our future plans Enhance capacity to 24,000 tons/year, diversify product portfolio, and increase market penetration in tractor components. |
Our green promise - |
Our people and values - |
Key challenges ahead Supply chain volatility, raw material price fluctuations, competitive OEM markets, and expanding production efficiently. |
Interesting facts Converted from a private to public company in 2022; rapidly increased capacity and added key tractor component lines. |
Risks and strategy Mitigating risks via diversified raw materials sourcing, investment in automated manufacturing, and expanding customer base. |
