RICOAUTO · price
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Awaiting price reaction for this filing.
Rico Auto Industries has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, as required under SEBI LODR Regulation 34(2)(f). The company manufactures automotive components (87% non-ferrous metal castings, 13% iron castings) with FY turnover of ₹1,607.02 crore and net worth of ₹667.90 crore. It has 16 locations across 8 Indian states and serves 8 international markets, with exports contributing 15.59% of revenue. Key clients include BMW, Hero, Maruti Suzuki, Toyota, Tata Motors, and Honda. Notable ESG achievements reported include a 160% rise in board diversity, 16.38% reduction in GHG emissions, 25.70% drop in overall energy consumption, and 81.51% increase in renewable energy share. Around 95-97% of raw materials used in production are recycled or reused. The report does not include external assurance as the company is not in the top 250 listed entities by market cap.
This is a routine regulatory disclosure with no direct impact on stock price. The report highlights improving sustainability metrics, including lower emissions, higher renewable energy use, and greater board diversity, which may support the company's standing with ESG-focused investors and global OEM clients.