NewsRico Auto Industries Files Business Responsibility and Sustainability Report for FY 2025-26Rico Auto Industries Files Business Responsibility and Sustainability Report for FY 2025-26
Rico Auto Industries Limited filed its BRSR for FY 2025-26, reporting a standalone turnover of ₹1,836.44 Crores and net worth of ₹688.69 Crores. The Rico Group achieved a 41.31% increase in renewable energy consumption, reduced Scope 1 GHG emissions to 16.92% of the energy mix from 23.14% in FY 2024-25, and cut wastewater discharge by 42.48%. Procurement from MSMEs rose from 31.91% to 38.45%, and the permanent employee turnover rate for males declined from 40.69% to 25.07% year-on-year.
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Rico Auto Industries Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, filed pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report is prepared on a consolidated basis, encompassing the Company and its Indian subsidiaries collectively referred to as the Rico Group, and forms part of the Annual Report for FY 2025-26. The report was signed by Company Secretary Ms. Ruchika Gupta (FCS: 6456) and dated August 11, 2026.
Company Overview and Operations
Incorporated in 1983, Rico Auto Industries is a leading engineering company engaged in the design, development, manufacturing, and supply of high-precision aluminium and ferrous components and assemblies for the global automotive industry. The Rico Group's product portfolio includes engine and transmission parts, braking systems, and other critical components for two-wheelers, passenger vehicles, and commercial vehicles. Casting of Non-Ferrous Metals (NIC Code: 24320) accounted for 88% of total turnover, while Casting of Iron (NIC Code: 24319) contributed 12%.
The Group operates across 16 national plants and 1 office domestically, and maintains 2 international offices. It serves customers across 8 states in India and 8 countries internationally. Exports constituted 15.98% of the Rico Group's total turnover for the reporting period. Key customers include BMW, Hero, Maruti Suzuki, Toyota, Renault, Nissan, Tata Motors, Cummins, Honda, Mahindra, Volvo, and Bajaj.
| Parameter: | Details |
|---|---|
| Paid-up Capital: | ₹13.53 Crores |
| Turnover (Standalone): | ₹1,836.44 Crores |
| Net Worth (Standalone): | ₹688.69 Crores |
| National Plants: | 16 |
| International Offices: | 2 |
| Export Share of Turnover: | 15.98% |
Workforce and Employee Well-Being
As at the end of FY 2025-26, the Rico Group employed a total of 734 employees (718 permanent and 16 other than permanent) and 5,980 workers (1,806 permanent and 4,174 other than permanent). Women represented 2.18% of total employees and 3.76% of total workers. The Board of Directors comprised 10 members, of whom 2 (20.00%) were female, while Key Management Personnel included 6 members, of whom 1 (16.67%) was female.
The following table summarises workforce composition:
| Category: | Total | Male | Female |
|---|---|---|---|
| Permanent Employees: | 718 | 703 (97.91%) | 15 (2.09%) |
| Other than Permanent Employees: | 16 | 15 (93.75%) | 1 (6.25%) |
| Total Employees: | 734 | 718 (97.82%) | 16 (2.18%) |
| Permanent Workers: | 1806 | 1749 (96.84%) | 57 (3.16%) |
| Other than Permanent Workers: | 4174 | 4006 (95.98%) | 168 (4.02%) |
| Total Workers: | 5980 | 5755 (96.24%) | 225 (3.76%) |
The turnover rate for permanent male employees declined from 40.69% in FY 2024-25 to 25.07% in FY 2025-26, while the rate for permanent female employees fell from 43.24% to 17.65% over the same period. All permanent employees and workers received 100% health and accident insurance coverage. Well-being expenditure as a percentage of total revenue increased from 0.06% in FY 2024-25 to 0.09% in FY 2025-26.
Environmental Performance
The Rico Group recorded notable improvements across key environmental metrics during FY 2025-26. Renewable energy consumption increased by 41.31%, raising its share in the overall energy mix to 12.26% from 8.47% in FY 2024-25. Total energy consumed stood at 9,15,231.31 GJ, with energy intensity declining from 4.23 to 3.69 GJ per Lakh of turnover.
The following table presents key energy and emissions data:
| Parameter: | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Total Energy from Renewable Sources (GJ): | 1,12,178.22 | 79,384.82 |
| Total Energy from Non-Renewable Sources (GJ): | 8,03,053.09 | 8,57,415.46 |
| Total Energy Consumed (GJ): | 9,15,231.31 | 9,36,800.28 |
| Energy Intensity (GJ/₹ Lakh): | 3.69 | 4.23 |
| Total Scope 1 Emissions (MTCO₂e): | 19,805.54 | 26,278.98 |
| Total Scope 2 Emissions (MTCO₂e): | 97,264.19 | 87,268.49 |
| GHG Intensity (MTCO₂e/₹ Lakh): | 0.47 | 0.51 |
Scope 1 GHG emissions declined to 16.92% of the energy mix compared to 23.14% in FY 2024-25, driven by electrification of furnaces and forklifts. Total water consumption was 2,42,537.69 KL, with water intensity improving from 1.00 to 0.98 KL per Lakh of turnover. Wastewater discharge was reduced by 42.48% through recycling and reuse, while hazardous waste generation declined by 10.81%. Total waste generated was 4,651.06 metric tonnes, compared to 5,157.98 metric tonnes in FY 2024-25.
Key GHG reduction initiatives included the installation of a 1,400 KWP solar power system at Bawal, commissioning of electric melting and holding furnaces, deployment of electric forklifts, LED lighting conversion, and fuel switching from LPG to PNG at Haridwar and RJWL Alloy Division.
Governance, Responsible Business, and Supply Chain
The Rico Group's policies covering all nine NGRBC Principles have been approved by the Board of Directors or designated Committees, translated into procedures, and extended to applicable value chain partners. The Group holds certifications including ISO-9001, IATF-16949, ISO-14001, ISO-45001, and ISO-27001. Oversight of Business Responsibility policies rests with Shri Arvind Kapur, Chairman, CEO and Managing Director, while implementation is managed by the Rico Executive Committee (REC).
No material fines, penalties, or punishments were imposed on the Rico Group or its Directors and KMPs during FY 2025-26. The Group reported nil complaints related to corruption, conflicts of interest, sexual harassment, child labour, forced labour, discrimination, or human rights violations for the reporting year. Procurement from MSMEs and small producers increased from 31.91% in FY 2024-25 to 38.45% in FY 2025-26, with 100% of input materials sourced directly from within India.
The Rico Group's R&D investment as a percentage of total R&D and capex stood at 26.27% in FY 2025-26, up from 22.28% in FY 2024-25. The Group's ISMS is certified under ISO/IEC 27001:2013, with transition to ISO/IEC 27001:2022 underway. No data breaches were recorded during FY 2025-26. The Group serves customers through a B2B model, with 160 customer complaints filed during FY 2025-26, all resolved with nil pending at year end.
Historical Stock Returns for Rico Auto Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.17% | +1.49% | +8.46% | +13.62% | +111.95% | +182.17% |
How might Rico Auto's increased R&D investment (26.27%) and focus on high-precision components position it to capture market share in the rapidly growing electric vehicle supply chain?
Given the significant rise in renewable energy consumption, what are the projected timelines and capital requirements for Rico Auto to achieve net-zero Scope 1 and Scope 2 emissions?
With exports constituting only 15.98% of turnover, what strategic initiatives is the company planning to expand its international footprint beyond its current 8-country presence?
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