### **Overview** Pritika Engineering Components Ltd. (PECL) is a leading manufacturer of **precision machined components** primarily serving the **agricultural, commercial vehicle, and automotive sectors**. A subsidiary of **Pritika Auto Industries Ltd.** (holding 70.81% stake), PECL is a core entity within the **Pritika Group**, one of North India’s largest machined casting manufacturers with over **52 years of group experience**. The company is IATF 16949:2016 certified and operates from a state-of-the-art facility in **Hoshiarpur, Punjab**, with additional manufacturing units in Derabassi, Mohali, and Tahliwal. The company was **listed on NSE Emerge on December 8, 2022**, with an expected eligibility for the main board by **FY25–26**. --- ### **Core Business & Capabilities** - **Primary Products**: Transmission housings, rear axle casings, hydraulic lift covers, differential cases, brake housings, flywheel housings, front axle supports, and gear casings. - **End Markets**: Tractors, trucks, commercial vehicles, and material handling equipment. - **Key OEM Clients**: Mahindra & Mahindra, Escorts Kubota Ltd., TAFE, Ashok Leyland, CNH Industrial, Swaraj Engines, and other domestic and international manufacturers. - **International Presence**: Exports to OEMs in the **USA and Turkey**, with new orders from a **major South Korean tractor manufacturer**, highlighting expanding global reach. --- ### **Recent Developments (2024–2025)** #### **Strategic Orders & Contract Wins** - **November 2025**: Secured a **USD 57,000 (₹50.5 lakh)** order from a **top South Korean tractor OEM** for engine frame components. Raw castings will be produced using **Lost Foam Casting (LFC)** at **Meeta Castings Ltd.**, its subsidiary. - **August 2025**: Won a **₹70 crore (5-year) order** from a leading **material handling equipment manufacturer**, involving **125 tons/month of 500kg components**, showcasing capability in heavy-weight machined castings. Production via **Meeta Castings using LFC**. - **February 2025**: Secured a **₹50 crore (5-year)** order from an **MNC tractor manufacturer** for **100 tons/month of large (>150kg) components**, with LFC production at Meeta Castings. - **January 2025**: Commenced commercial production of **Housing Beam Centre**, a new product line generating **₹2.5 crore/year** with 4–5 years of demand visibility. - **November 2024**: Started commercial supply of **Hydraulic Lift Housing and Axle Housing** to an MNC tractor OEM, worth **₹18 crore annually** over 4–5 years. #### **Expansion & Capacity Growth** - **Land Acquisition**: Acquired **~87,000 sq. ft. of land in Hoshiarpur** (finalized Sept 2024) to support future capacity expansion. - **New Plant (Mar 2024)**: A **new 12,000-ton-per-annum facility** in Punjab is now operational, focused on high-weight, high-margin products. Capital expenditure: **₹23.61 crore**. - **Total Group Capacity**: Reached **75,000 tons per annum**, with plans to achieve **100,000 tons by FY2027**. #### **Subsidiary: Meeta Castings Ltd.** - **First in North India** to implement **Lost Foam Casting (LFC)** technology. - Specializes in **50–250 kg precision castings** like transmission cases, cylinder blocks, clutch housings, and mounting brackets. - **Installed capacity**: 12,000 MT/year. - **FY24 Revenue**: ₹1.42 crore (standalone); **FY25 Revenue**: ₹20.74 crore (up significantly), PAT ₹0.30 crore. - Key enabler for complex, high-precision, waste-minimized casting needs of OEMs. --- ### **Growth Strategy & Diversification** #### **Product & Market Expansion** - **New Sectors**: Actively pursuing entry into **railways and defence** components. - Preparing for **RDSO and IREPS certifications** for Indian Railways. - Targeting high-value safety products: **Load Sensing Devices, Brake Discs, Air Spring Controls, FIBA** – market value > **₹1,283 crore/year**. - FY25–26 dedicated to infrastructure setup, approvals, and lean supply chain development. - **Electric & Hybrid Vehicles**: Exploring opportunities in **electric hybrid tractors** as part of long-term diversification. #### **Technology & Operations** - **Advanced Manufacturing**: Use of **DISA ARPA 900 & 450**, CNC machining centers, induction furnaces, cold core box machines, and screw compressors. - **Lean Manufacturing**: Emphasis on automation, energy efficiency, and digital controls (PLC/hydraulic systems). - **R&D Focus**: Strong in-house design and engineering capabilities; continuous innovation in materials and processes. #### **Sales & Geographic Reach** - **Current Sales Mix**: 75% North & Central India, 15% South India. - **Global Expansion Plans**: Agents appointed in Europe; plans to establish **USA representation within 3–5 years**. - **Export Growth**: Early success with US markets, including **$2 million in export orders** (including a long-term ₹10 crore/year axle housing contract). --- ### **Strategic Initiatives & Funding** - **Capital Raise**: Approved increase in **authorized capital from ₹20 crore to ₹25 crore** to support expansion. - **Fundraise Target**: Up to **₹49.5 crore** to finance: - Railways and defence sector entry - Export readiness - Technology upgrades - Capacity enhancement ---