Monthly Archive: April 2017

Pricol Ltd Multibagger | Rs. 30 Billion Topline Growth By FY20-21

Can be Pricol Ltd be a multibagger stock because of the new regulation of the Government which requires all public transport vehicles to fit location tracking devices? Pricol has announced that its 2020 vision is to have a top line of Rs. 30 Billion. The present top line is about Rs. 13 Billion. The business of fleet management and telematics is a minor part of Pricol ’s business and contributes about 15% to the top line. This is a scalable business and can contribute in a major way to the Company’ profitability. The valuations at which the Company is quoting are not expensive. The present market cap is only Rs. 850 crore. This is below the book value after the reverse merger of Pricol Ltd with its subsidiary.