Rico Auto Industries Approves ₹0.50/Share Dividend for FY25

About this update from Rico Auto Industries Limited

Rico Auto Industries' board of directors has approved a dividend of ₹0.50 per equity share for the financial year ended March 31, 2025.The dividend, recommended by the board, is subject to the approval of the shareholders at the 42nd Annual General Meeting (AGM) held on September 16, 2025. The company had fixed the record date as September 9, 2025.Dividend DetailsParticularsDetailsDividend per share₹0.50Record DateSeptember 9, 2025The export turnover of Rico Auto Industries during the year was ₹326 crore, compared to ₹426 crore in the previous year, a drop of ₹100 crore due to the global slowdown in EV sales. The company added new export businesses from BMW, GKN, Bendix, Knorr Bremse, Daimler, and Cummins, which are expected to grow exports by 20% in the current financial year.Despite headwinds, the company anticipates good growth over the next few years, driven by an increase in demand for components for Hybrid, Electric, and ICE vehicles for domestic and export markets. The company has new additional confirmed orders of ₹720 crore peak sales per annum from Maruti, TATA, Toyota, Hero MotoCorp, Musashi, Knorr Bremse, AISIN, GKN, etc., over and above current production. These programs are under development and will go into production starting in the current financial year's 3rd and 4th quarters and will reach their peak volume by 2027.The company is expanding its businesses by strengthening the development of system-level products, braking system competencies, and structural parts. It is also exploring new domestic and international markets by delivering innovative Engineering and Manufacturing solutions.Rico Auto Industries has created a new Non-Automotive business vertical to focus on Railways and CNC Machines.The new facility at SIPCOT Industrial Park, Shoolagiri, Hosur, Tamil Nadu, is expected to start commercial production during Q4 of the current financial year. This will cater to the requirements of Toyota, AISIN, and other OEMs in the southern region, primarily for Hybrid and EVs.The company migrated from SAP ECC to S4 HANA in April 2025 and is adopting Industry 4.0 and integrating IoT with SAP HANA to improve operational efficiencies and optimize resources. Technologies such as Disaster Recovery Sites, Private Cloud, and Cloud Storage play a crucial role in safeguarding vital information.Rico Auto Industries emphasizes organizational excellence th...

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