Rico Auto Industries Ltd
NSE: RICOAUTO BSE: 520008
₹132.22
(0.75%)
Wed, 04 Mar 2026, 10:24 am
Market Cap17.9B
PE Ratio34.43
Dividend0.38
Producer Manufacturing
Auto Parts: OEM
24.5KCompany History
1983
- The Company was Incorporated on 1st February at Jalandhar.
- The Company was promoted by Arvind Kapur and Arun Kapur of the RICO Group of Companies.
1984
- 1,000 shares were subscribed for by promoters and 50 shares were taken up by employees of the RICO group.
1985
- 12,98,950 shares were issued at par.
- 3,25,000 additional shares were allotted to retain oversubscription.
1986
- The Company undertook to set up a project for the manufacture of rear hub wheels and front hub wheels as an ancillary unit to Hero Honda Motors Ltd.
1987
- The Company commissioned its project for the manufacture of gear oil pump for Maruti Udyog Ltd.
- A letter of intent was received for the manufacture of valve rocker arm, case differential and Retainer input shaft.
1990
- The Company acquired land for setting up Unit-II near Gurgaon.
- The Company proposed to undertake promotions of a new company RICO AGROILS LTD.
1991
- The Company's project for the manufacture of clutch friction disc in collaboration with F.C.C. Ltd. was expected to go on stream.
1992
- The Company decided to promote Rico Agroils Ltd. with 26% equity participation.
1993
- The Company obtained the ISO 9002 certification from BIS.
- Significant progress was achieved in the setting up of a Spheroidal Graphite (SG)/Grey Iron Foundry at Gurgaon.
- The Company issued 8,12,500 - 17% non-convertible Debentures.
- The Company issued 1,80,000 No. of equity shares on preferential basis to members of the promoter group.
- 16,25,000 Rights equity shares were issued.
1994
- The overall working was excellent due to the additional capacities created in the expansion programme.
- A development department was set up.
- Hero Honda Ltd. would purchase 100% of their requirements from the company.
- The Company took up a project for the manufacture of clutches in technical collaboration with Fuji Chemical Co. Ltd.
- 10,00,000 No. of equity shares were issued to promoters and their relatives.
- The Company's Rights Issue was overwhelming.
1995
- The Company proposed to set up a joint venture company with Daewoo Precesion Industries Ltd.
- 812,450 No. of equity shares were allotted against conversion of warrants.
1996
- The Company entered into a JV agreement with Daewoo Precision Industries Ltd.
1997
- The Company entered into a Joint Venture Agreement with FCC Co. Ltd.
1998
- The Company proposed to form an independent project to manufacture Dies & Moulds under the name of Rico Dies & Moulds Pvt. Ltd.
1999
- The Gurgaon Plant was accredited with the QS 9000 Certification.
- The Dhawhera Plant was recommended for QS 9000 Registration.
2000
- The Company signed agreements for dematerialisation of shares with NSDL and CDSL.
- Crisil upgraded the BBB rating assigned to a Rs 6.09-crore non-convertible debenture issue of Rico Auto Industries to BBB+.
2002
- The Board approved the issue of Bonus Shares at the ratio of 1:1.
- The Board of Directors approved the acquisition of an Auto component Manufacturing Company in India and abroad.
2003
- Kapsons Associates Pvt Ltd acquired 40,399 shares of Rico Auto Industries Ltd.
- Ford Motor Company selected Rico Auto Industries to participate in its Global supplier Development programme.
- The Board approved the scheme of amalgamation of Rico Softech.
2004
- Rico Auto Industries Ltd approved the sale of Agro Division at Bundi.
- The equity shares of the Company were delisted from The Delhi Stock Exchange Association Limited.
2005
- The High Court of Punjab & Haryana approved the Amalgamation of Rico Softech Limited with Rico Auto Industries Ltd.
- The Company split its Face value of Shares from Rs 10 to Re 1.
2006
- Oppenheimer Funds Inc. acquired 40,29,064 shares of Rico Auto Industries Ltd.
- Kapsons Associates Pvt. Ltd. acquired 36,000 shares of Rico Auto Industries Ltd.
- Rico Auto signed a licensing and technological assistance agreement with Teksid Aluminium, Italy.
- Rico Auto signed up with Pierburg for technology assistance.
2007
- The Board of Directors declared an interim dividend @ 75% i.e. Rs 0.75 per Equity Share of Re 1/- each.
- The Company signed a Joint Venture Agreement with Zhejiang Jinfei Co. Ltd to manufacture Aluminium Alloy Wheels for Two Wheelers.
- The Company signed an Agreement with Continental AG to establish a new Joint Venture Company to manufacture Hydraulic Brake Systems.
- The Company signed an Agreement with Magna Powertrain to establish a new Joint Venture Company to manufacture Oil and Water Pumps.
2009
- The Share Transfer Committee allotted 97,00,000 fully convertible warrants to M/s. Kapsons Associates Investments Pvt. Ltd.
2010
- The new plant at Haridwar commenced production.
2011
- The new plant at Sanand, Gujarat commenced production.
- The Company sold its entire stake in KRP Auto Industries Ltd to Kailash Royal Premium Projects Private Ltd.
2012
- The Board of Directors recommended a dividend @ Re. 0.15 (15%) per Equity Share of Rupee One each for the financial year ended.
2013
- The Board recommended a dividend of Re.0.15 (15%) per Equity Share of Rs.1 each.
2014
- The Board recommended a dividend of Re.0.10 (10%) per Equity Share of Rs.1 each.
2015
- The name of the Subsidiary Company 'RAA Autocom Limited' was changed to 'Rico Aluminium and Ferrous Auto Components Limited'.
2016
- Rico laid the foundation stone for a plant in Bhiwadi.
2017
- NCLT Chandigarh approved the Amalgamation of Uttarakhand Automotives Ltd. with Rico Auto Industries Limited.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800