Pritika Auto Industries Share Price

Pritika Auto Industries Limited is a flagship company of the Pritika Group of Industries which was set up in 1974 under the leadership of Mr. Raminder S. Nibber, manufacturing small forgings. The Company (Formerly known as Shivkrupa Machineries and Engineering Services Limited) was incorporated on 11 April 980, which was renamed as Pritika Auto Industries Limited on March 24, 2017. The Company is engaged in the manufacturing of tractor and automobile components.The Company produces world class components from modern facilities. The Company has established itself as a robust and reliable brand in the market, specializing in machined castings and automotive components. It has manufacturing facilities situated at Derabassi and Hoshiarpur, (Punjab), and Tahliwal (Himachal Pradesh) with a total capacity exceeding 50,000 Metric Tons Per Annum (MTPA). The Company focuses on expanding and diversifying product portfolio catering to tractors and commercial vehicles. The Company manufactures products such as, axle housings, wheel housings, hydraulic lift housings, end cover, plate differential carrier, brake housings, cylinder blocks, and crank cases, among others. Being in India, one of the component suppliers in the tractor segment of automobiles, the Company supplies to OEMs like MM Swaraj, Swaraj Engines Ltd., TAFE, Escorts, SML Isuzu, TMTL, Ashok Leyland, New Holland Tractors India Ltd., Brakes India, etc., as well as exports casted products outside India. During the year 201617, the Company acquired two Companies Pritika Autocast Limited and Nibber Castings Private Limited by way of purchasing 100% of their Equity shares and making them wholly own subsidiaries. The Company formed a wholly owned subsidiary in the name of Pritika Engineering Components Pvt. Limited, in February, 2018 which acquired the assets (Land, Building Machinery) of unit No: 2 of Amrit Duraparts Pvt. Ltd located at Village Simbli in Punjab. With this acquisition, the total installed capacity of the Company increased to 50,000 tons per annum in 2018.Following the order dated 6 February, 2019, Pntika Autocast Limited and Nibber Castings Private Limited got amalgamated with the Company in 201819. The Automotive/Tractor/Engineering Components Business Undertaking of Pritika Industries Limited was demerged into the Company as a going concern through the Scheme of Arrangement for Demerger effective from April 1, 2021 in FY 202324. Upon the Scheme coming into effect, 63 equity shares of the Company of Rs 2/ each fully paid up were issued to equity shareholders of Pritika Industries Limited, for every 10 equity shares of Rs 10/ each fully paid of Pritika Industries Limited as consideration for Demerger..