The shareholder-value view — start → today → target, the multiple-expansion that machining, value-add & EV content earn, plus deleveraging and the savings programs behind it.
Enterprise value has gone from ₹1.55k Cr at the start of the journey to ₹2.45k Cr today; ₹2.49k Cr of the plan remains to the ₹4.94k Cr target. The prize is multiple expansion + deleveraging — push machined & value-added mix from 22% toward 30% and bank the ₹53 Cr of open cost & capex-ROI savings.
4 of 4 headline metrics improving vs prior · still off target: Total Revenue ₹2,477 Cr vs ₹2,700 Cr, EBITDA ₹223 Cr vs ₹280 Cr, EBITDA Margin 9.0% vs 12.0%
₹2.49k Cr of enterprise value stands between today's ₹2.45k Cr and the ₹4.94k Cr target plan — the swing that compounds shareholder value.
₹53 Cr of ₹93 Cr run-rate cost & capex-ROI savings is still to capture — the same work that finishes the modernization and lifts blended margin.
Energy/renewables, scrap/yield, aluminium procurement & Industry-4.0 automation
Climbing toward the EV / value-add-led tier is worth 2–3 EBITDA turns — on ₹223 Cr of EBITDA that is ₹446 Cr–₹669 Cr from re-rating alone.
Rico Auto runs a Value Creation Plan from start to target. The business has grown to ₹2.48k Cr of revenue; the prize from here is multiple expansion + deleveraging — moving up the value chain re-rates the business, and high-margin machined, value-add & EV revenue is valued at a premium. This is the screen that tracks it.
Each lever shown start → today → target, with progress through the plan.
| Workstream | Lever | Start | Today | Target | Progress | Status |
|---|---|---|---|---|---|---|
| Scale the platform | Capacity + new platforms + exports | ₹2,160 Cr | ₹2,477 Cr | ₹3,200 Cr | On track | |
| Move up the value chain | Machining / assemblies / EV content | 18% | 22% | 30% | On track | |
| Expand margin | Mix + automation + energy/scrap | 8% | 9% | 12% | Behind | |
| Grow profit | Scale × margin | ₹172 Cr | ₹223 Cr | ₹380 Cr | On track | |
| Delever | FCF + disciplined capex + working capital | 3.6× | 3.08× | 2× | On track | |
| Re-rate the multiple | EV / margin-driven re-rating | 9× | 11× | 13× | On track |
Machined & value-added mix moves the EBITDA multiple. At 22%, Rico Auto sits in the castings + light machining tier — every point toward 30% pulls it up.
Climbing toward the EV / value-add-led tier is worth 2–3 EBITDA turns — on ₹223 Cr of EBITDA, that's ₹446 Cr–₹669 Cr of enterprise value from re-rating alone.
High-margin machined, assembled & EV revenue (oil/water pumps, EV components, aero-defence, machined modules) commands a richer EV/revenue than raw castings — separate from, and on top of, the blended multiple.
So what: scaling machined assemblies, oil/water pumps, EV components and aero-defence parts creates value at a premium multiple — well above the 11× the blended company trades at. It's the single highest-return rupee in the plan.
The concrete programs behind the savings % — not a slogan, a checklist.
Rico Auto's cost & efficiency playbook in action: on-site solar & power-cost optimization, scrap/yield reduction in die-casting, one aluminium/input buying team, and Industry-4.0 (HPDC/CNC) automation. ₹53 Cr of run-rate is still to capture — the same work behind the margin-expansion (9%→12%) thesis.