Pricol Share Price Target From 2024 to 2030: Pricol Limited is one of the prominent companies in India in the automobile components market. The company primarily focuses on producing automobile parts, including cluster instruments, sensors, oil pumps, and other automotive products. The company has grabbed attention based on its good history of innovation, strong market presence, and diversified portfolios. Pricol has emerged as a major original equipment manufacturer (OEM) supplier and a replacement aftermarket supplier over the years. The stock for the firm has risen sharply in the recent past and, within the last calendar year, much more. This report will analyze the outlook of Pricol Share Price from 2024 to 2030, delineate factors that would have helped in this growth, and answer some of the questions that interested investors would have.
Current Pricol Share Price Summary
- Low of the Day: ₹485.85
- High of the Day: ₹486.00
- Cheap Stock: ₹473.10
- M cap: ₹5.79 K Crore
- P/E Ratio: 37.49
- Dividend: Not Available
- 52 week HS: ₹542.50.
- 52 week LS: ₹316.30
- Current Spot Price: ₹474.80 33.28% rise in the previous year.
Ownership Pattern For Pricol Share Price
- Promoters: 38.51%
- Retail and Others: 30.05%
- FIIs /FPI: 15.74%
- Mutual Funds: 9.7%
- ODIs: 6%
Change in Ownership Levels by Promoters, FIIs/FPIs, Retails, Mutual Funds – September Quarter 2024
- Promoter Holding: Remains unchanged at 38.51%
- FII/FPI Hlding: Increased from 15.01% to 15.74%, with the number of FII/FPI investors rising from 108 to 120.
- Mutual Funds: Slightly reduced the stake marginally to 9.70% from 9.81%, however the number of mutual fund schemes increased to 7 from 6.
- Institutional Investors: Dipped marginally to 31.44% from 31.46%.
Pricol Share Price Target 2024-2030
| YEAR | SHARE PRICE TARGET |
| 2024 | ₹550 |
| 2025 | ₹678 |
| 2026 | ₹812 |
| 2027 | ₹945 |
| 2028 | ₹1084 |
| 2029 | ₹1225 |
| 2030 | ₹1358 |
2024 Targeted Pricol Share Price: ₹550
Strong performance in the company’s core business segments will continue to propel Pricol share price to ₹550 by 2024. The company is aggressively trying to increase market share in both domestic and international markets.
Diversification into electric vehicle components along with focus on cost efficiency will boost the growth prospects of the company.
2025 Pricol Share Price Target: ₹678
This Pricol Share Price should be able to reach ₹678 by 2025 on the back of steady growth in the automotive business, particularly electric vehicles. Innovation and newer developments in technologies such as sensors, infotainment systems, as well as electric vehicle components could help Pricol stay well-positioned for the future. Further, expansion into more global markets would strengthen the performance of the company.
2026 Target Pricol Share Price: ₹812
In 2026, the Pricol Share Price would be estimated at ₹812. This would be because of reasons such as entry into new markets and increased electric vehicle usage that would contribute towards the development of demand for advanced automotive components such as sensors and battery management systems. By 2026, Pricol would have established itself as a premium supplier of key auto parts to OEMs and aftermarket customers.
2027 Pricol Share Price Target: ₹945
By 2027, Pricol share price will reach up to ₹945. The Indian as well as the global automotive sector is believed to undergo a complete revolution in the quest of superior electric mobility and safety features along with advanced automobile technologies. Pricol’s onward growth along with investment into R&D will ensure that it remains number one in developing highly innovative automobile solutions.
2028: Pricol Share Price Target – ₹1084
Pricol Share Price may reach ₹1084 in 2028 as the company will benefit from the shift to smart and autonomous vehicles. The innovation happening in the IoT-based automobile solutions space and its further foray into EV will be in more demand and help build further repute as an essential supplier to major global OEMs.
2029: Pricol Share Price Target – ₹1225
At ₹1225, the share price of Pricol in 2029 should evidence a stable position in the market with consistent profitability as long-term growth in the automotive sector with elements of greener technologies and connected vehicle solutions is sure to be sustainable and increase for the company, particularly while increasing deep penetration in global markets.
2030: Pricol Share Price Target – ₹1358
In fact, Pricol could reach ₹1358 by 2030 purely based on the growth projection in the global automotive industry, particularly electric and autonomous vehicles. The company’s presence and strength in providing critical components of EVs, sensors, and other technologies will continue on its growth trajectory, especially with India’s automotive market being increasingly dovetailed into the global trend of sustainable mobility.
Critical Factors Influencing Pricol Share Price Growth Potential
- Growing EV Market: The EV market, largely under the impetus of electric mobility, forms one of the biggest drivers for growth at Pricol. With the increasing demand for electric vehicles, so does the associated demand for specialized automotive components like sensors, battery management systems, and infotainment systems-one of which Pricol produces. How well the trend is exploited will sharply determine the long-term performance of the company.
- Automobile Technology: The automobile technology is advancing with high-level sophistication, particularly in the areas of autonomous driving, infotainment, and connected vehicle solutions. High technology is, thus, going to be an essence for growth opportunities in these areas. Pricol will have to make efforts in R&D and innovation to grow in such high-tech segments. Next-generation products would give Pricol a competitive edge.
- Domestic and Global Growth: Despite being an established company in India, growth in the future would heavily depend on how well it could expand into the international markets, particularly to those high-demand regions for automotive components, like North America, Europe, or other emerging economies. The benefit from economies of scale and profitability would accrue as the company develops its global base.
- Institutional Support: The FII increase to 15.74% from 15.01% during the September quarter 2024, which is indicating the increased institutional concern in the stock. Therefore, this is a positive move since institutional investors are known to bring stability and long-term appreciation. Thus, the company’s ability to maintain an interest of institutional will have a time variability in the acceleration of prices of its stock.
- Macroeconomic factors: It has a vast impact on the performance of the automotive sector. These include GDP growth, interest rates, and consumer spending. Any decline in the economy would affect the demand for vehicles, bringing a consequent impact on the revenue of Pricol. In contrast, economic recovery and growth in consumer spending would benefit the company.
- Competitive Landscape: Pricol operates in a competitive market with several players in the automotive components space, trying to achieve market share. Pricol must constantly innovate, cut its costs, and remain focused on quality to retain its footing in this highly competitive market. Its strong relationship with OEMs along with a reputation for consistent deliveries with superior quality will prove critically important in outsmarting the competition.
- Government Policies: Incentives for electric vehicles, incentives in terms of subsidies on green technology, and domestic manufacturing support policies like the Atmanirbhar Bharat scheme may well help the company to expand further from here. Government regulations on eco-friendly vehicles may also boost demand for a number of components from Pricol.
- Sustainability and ESG Factors: More companies are gaining better market acceptance for their sustainability concerns and practicing the concepts of Environmental, Social, and Governance as the need for environmental concern grows in India. Reduction in carbon emission and waste is one such efforts of Pricol that enhance its reputation and augment the share with socially responsible investors.
FAQs For Pricol Share Price
1. What factors could influence the share price of Pricol?
The share price will also be affected, by virtue of factors related to the expansion in the electric vehicle market, advancement of technology related to automobile parts, globalization, economic conditions, and competitive forces within the auto sector.
2. Pricol: Good long-term investment?
Pricol seems to be a good long-term bet, the more so for those looking to gain exposure to the automotive components sector. With its emphasis on innovation, rapid expansion of its global footprint, and increasing need for EV components, it seems well positioned to bet on the near future. Of course, this requires taking into consideration the various macroeconomic factors that play on its performance.
3. How has Pricol performed over the past year?
Pricol being very growth-oriented has seen the share price shooting up by 33.28% in the last calendar year. This is immense growth due to a healthy business model, constant pursuit of emerging technologies, and an all-round boom in the automobile sector.
4. What role is played by Institutional Investors Inst in Pricol stock?
Institutional investor, mutual fund and foreign institutional investors (FII/FPI) would govern the future stability and long-term growth prospects of Pricol. Rising stakeholding reflects such investor’s confidence in future company prospects and potential hikes in the stock price thereafter.
5. How is the future prospect of the stock for the coming years?
Indeed, the outlook for Pricol stock is bright, with a price target ranging from ₹550 in 2024 to ₹1358 in 2030. That’s growth driven by innovations on EV components, technological breakthroughs, and increasing global market demand.
Pricol’s shares offer great potential for growth amongst investors searching for the automobile components sector. With a very strong innovation focus, good track record, and favorable market sentiment, there’s tremendous scope for the company share price to increase over the next few years. Please seek your own research with financial advisers before investing.
