Pricol Limited (NSE: PRICOLLTD) Q3 2026 Earnings Call dated Jan. 30, 2026
Corporate Participants:
Vikram Mohan — Managing Director
Siddharth Manoharan — Director of Strategy
Priyadarsi Bastia — Chief Financial OfficerPricol Limited
Analysts:
Purvangi Jain — Analyst
Akhilesh Rawat — Analyst
Vijay Pandey — Analyst
Jyoti Singh — Analyst
Sriram Palaniappan — Analyst
Khush Nahar — Analyst
Karan Gupta — Analyst
Vijay Pandey — Analyst
Aman Agarwal — Analyst
Chaitanya Hardikar — Analyst
Rahul Deshmukh — Analyst
Kushinagar — Analyst
Preet — Analyst
Mitul Shah — Analyst
Zubin Pruseth — Analyst
Vijay Pandey — Analyst
Presentation:
operator
Ladies and gentlemen, good day and welcome to the Q3 and 9 months FY26 conference call of Pre Call Limited. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing Star then zero on your touchstone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Ms. Bharvangi Jain from Valorem Advisors. Thank you. And over to you, ma’.
Am.
Purvangi Jain — Analyst
Good evening everyone and a very warm welcome to you all. My name is Purvangi Jain from Valerim Advisors. We represent the investor relations of Bricol Limited. On behalf of the company, I would like to thank you all for participating in the company’s earnings call for the third quarter and nine months ended for the financial year 2026. Before we begin, let me mention a short cautionary statement. Some of the statements made in today’s con call may be forward looking in nature. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ from those anticipated.
Such statements are based on management’s beliefs as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward looking statements in making any investment decisions. The purpose of today’s earnings call is purely to educate and bring awareness about the company’s fundamental business and financial quarter under review. Let me now introduce you to the management participating with us in today’s earnings call and hand it over to them for their opening remarks. We have with us Mr. Vikram Mohan, Managing Director, Mr. P.m. ganesh, Chief Executive Officer and Executive Director, Mrs.
Siddharth Manoharan, Director of Strategy and Mr. Priya Darsi Bastia, Chief Financial Officer. Without any delay, I request Mr. Vikram Mohan to start with his opening remarks. Thank you. And over to you sir.
Vikram Mohan — Managing Director
Thank you. Purvangi, this is Ganesh here. Just a little correction. Mr. Vikram Mohan is not attending this earnings call. So Ganesh, myself, Priyan and Siddharth are there in the call. Thank you Purvangi. Good evening to all. Welcome to the Q3 earnings call. I’m sure that you had an opportunity to go through the uploaded presentation. So I will straightaway go to the key financial highlights. First I will start with the Q3 revenue from operation. We are very happy that we have crossed a thousand crore milestone during Q3. The EBITDA stands at around 125 crores with a growth of 12.19%.
The package is at 6.24% growth and the EPS is at 5.22 as against 3.4 during the corresponding Q3 last financial year. On a nine month consolidated level, the revenue from operation is at close to 2,900 crores. With the EBITDA of 350 crores and a margin of 12.11%. The packed percentage is at 6.15% and the EPS is at 14.57. Coming to the growth on a Q3. On a consolidated level, our sales have grown by 65.67%. EBITDA has grown by 59.44%. On a nine month consolidated, revenue from operation has grown by 54.42% and for a nine month period the EBITDA growth has been at 42.24%.
Now I would request Purvangi to open the forum for the Q and A session. Thank you so much.
operator
Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press STAR and one on your touchstone telephone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handset while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question comes from the line of Akhilesh Rawat with Vision Private Limited. Please go ahead.
Akhilesh Rawat — Analyst
Hello. Am I audible?
operator
Yes sir. Yes, go ahead.
Akhilesh Rawat — Analyst
Yeah, first I. I would like to congratulate you guys on a very good set of numbers and. Yeah, yeah. So my first question is as you guys mentioned that like in last quarter there, there is a. There is an Expedia crisis going on. So could you please update us on like the current status of. And is the disruption largely behind us or are there still some residual challenges have been faced and like how should we think about the medium to long term operational impacts from here?
Vikram Mohan — Managing Director
Akhilesh, as. Thank you for the question. As explained during last time we get passive components from nextperia China and we were able to develop alternates for these passive parts during Q2 of last year. That is the current financial year. And then we have de risked all the components of nextperia as we talk. We do not see any risk going forward because we have developed orders and customer also has approved.
Akhilesh Rawat — Analyst
Okay. Okay. Yeah. So my second question is as we are seeing that there is an upcycle in commodity prices. So like do we do. Are we seeing any like any adverse impact on our margins due to the Rise in the commodity prices.
Vikram Mohan — Managing Director
Akhilesh, on the commodity we are indexed back to back 100% with all the customers. I think you’re referring to the steep increase in the silver prices, right? Something like that. So yeah, overall commodity we are 100% backed up with customer compensation. There will be only a lag of three to six months. However it is all recoverable from the customer.
Akhilesh Rawat — Analyst
Okay, thank you. Thank you. That’s it. From my side. Thank you. All the very best from for the upcoming quarter. Thank you.
Vikram Mohan — Managing Director
Thank you Akhilesh.
operator
The next question comes from the line of Vijay Pandey with Nuama. Please go ahead.
Vijay Pandey — Analyst
Hi sir. Thank you for taking my question and congratulations for a good quarter. A couple of questions from my side. Firstly I wanted to check on the new products which we were planning to call upon. So the handlebar, the disk, what is the currently status and.
operator
Sorry Vijay, your voice is little garbled. Can you just come closer to the mic and speak Vijay, we are not able to hear you.
Vijay Pandey — Analyst
Is it okay now?
operator
Yeah, yeah, it’s better. Go ahead.
Vijay Pandey — Analyst
Yeah. So wanted to check about the new product or projects which we are coming up. So the handlebar, the disc brake. I assume that this bit we launched last year only. So if you can just give a highlight about how the this thing is moving and in case, if you can give a revenue breakup of disc brake and recall precision.
Vikram Mohan — Managing Director
Vijay, I will give you some brief of the disk break. We started with startup EV companies during last year. Last year was more of pilot run of disk break and from Q1 of the coming financial year we would be starting with one of the large two wheeler OEM in India. So the startup production will be there during Q1 or latest by beginning of Q2. So as we know that as explained during the previous earning call sooner or later there could be mandatory condition coming for ABS for all the two wheeler irrespective of the cc. So we are expecting good growth to happen in this break in the plotters to come and we are fully ready in terms of our mass manufacturing.
We see good growth in the coming future. On the peep 3L I would request our director strategy Siddharth to give you some briefing. Thank you. Thank you Sir.
Siddharth Manoharan — Director of Strategy
Good evening Mr. Vijay Pandey in TZL. As we communicated to you in the last quarter we’ve been able to win more businesses from various customers in the last two quarters specifically and we are actively creating new capacities at this point in time we are stretched for capacities which is kind of hampering our growth temporarily for which we have also opened out our investments to create new capacities and just in the process of commissioning a new plant as well. So all this will enhance the business value in P3L in the upcoming quarters and subsequently in the next financial, you will see a good growth happening in that particular division as well.
Further to that, we are also investing in a center of excellence to work on new technologies and value added products for Petel for which work has been commissioned and first level of facilities has been set up and teams have been onboarded which will start giving more revenue and new products in in the next financial year or so. Thank you.
Vikram Mohan — Managing Director
So what was our revenue from.
operator
Queue? Because we have got lot of participants.
Vikram Mohan — Managing Director
Okay.
operator
The next question comes from the line of Jyoti Singh with Aryan Capital Markets. Please go ahead.
Jyoti Singh — Analyst
Yeah, thank you for the opportunity. So I just wanted to understand on the margin side like how much the margin pressure is due to new program, ramp up cost and EV investment. And another question is on the CAPEX outline side, how much capex we’re guiding for FY2728 and they split between capacity expansion and EV tooling and automation side.
Vikram Mohan — Managing Director
Jyoti, in terms of the margins you would have seen that we have been on a steady state margin you could have seen in the past quarters and we expect the same type of margins to continue in the future quarters as well. Coming to the CapEx, I think we have outlined that the CAPEX would be around 500 crores for the next two to three years.
Jyoti Singh — Analyst
Okay. And so on the bigger picture over the next five years, do you see Prickol evolving more as an auto electronic company than a traditional auto component supplier?
Vikram Mohan — Managing Director
I think we have explained this in detail like we are a technology company in terms of our driver information system and also on the actuation and control management system and the new company, whatever we have acquired on the polymers, we will continue to invest in our engineering which is currently about four and a half percent of our total revenue. So we position ourselves in the next five years also as a technology company.
Jyoti Singh — Analyst
Okay, thank you sir. And just earlier participants asked question on the disk. Yeah, I’m audible to you, can you.
operator
Please come in the queue. Thank you so much. Thank you.
operator
The next question comes from the line of Sriram with I thought pms. Please go ahead.
Sriram Palaniappan — Analyst
Am I audible?
operator
Yes, yes Sriram, go ahead.
Sriram Palaniappan — Analyst
Sir, with regards to plastic products, is there any plans to get into non auto plastic products and when it comes to new products, what kind of complexity level are present in the new products which you are planning?
Vikram Mohan — Managing Director
So Mrs. Sriram, to answer your first part of the question, at this point in time our focus is largely on automotive sector. Having said that, we’ve also onboarded couple of customers who are in the industrial segment as well, especially in the energy meters and so on and so forth as and when the opportunity comes up. We are constantly evaluating such opportunities onboarding key customers.
Sriram Palaniappan — Analyst
So with regards to with the complexity level of the new products as you mentioned in the previous concords that you’re planning to get into new products including the plastic. So any throw some light on the new products which will be coming.
Vikram Mohan — Managing Director
Yes, so we are also moving up the value chain as I mentioned in my previous response. So we are setting up a center of excellence to work on certain new products and new technologies where we eliminate painting and do in mold painting itself and such. Other technologies are also being worked out and it will take at least a year or so to mature and then bring it into the the market. And we are also looking at certain value added assemblies in addition to just pure play molding and painting as well. So that will all yield a better revenue and margin as we go along.
Sriram Palaniappan — Analyst
Okay, thank you.
operator
Thank you. The next question comes from the line of Kush Nahar with Electrum pms. Please go ahead.
Khush Nahar — Analyst
Yeah, thank you for the opportunity. So my questions are more on the new products. I think this is the telematics, the battery management system, E Cockpit and recently the MOU that we had signed. One was with the BOE Hong Kong and the other with Domino for the handlebar. So some color in terms of when can we see at what stages are these products and secondly when can we see some revenues contributing for us?
Vikram Mohan — Managing Director
Thank you for your question Kush. First I will answer your question on the telematics. For your information, Telematics has been as a product portfolio in Prickol for the last more than a decade. In fact for your information we are the largest supplier of telematics for the off road vehicle and for JCB who is the largest in India. We are a live link supplier to telematics. What we are looking at is an integrated telematics with the instrument cluster, that is the driver information system. That is the next level of technology that currently we are working with.
We have given samples to the customers for validation. So in the next three to four quarters we will find some light into that. But as telematics standalone we are already a large player in India coming to battery management system as we explained during the last earning call. Also we have matured the product to a good level and Then we have given the samples to various two wheeler customers. And we also in a final stage of the design and development with a large two wheeler customer in India. Like the disk break which is going to start start up production from later part of Q1 of this next financial year.
The battery management system also will find a startup production in the next maybe four or five quarters. Currently it is under development. What was your third question? Yes, the partnership of boe. BOE is China based company, not a Taiwan based company. The agreement is to do backward integration of our LCD and TFT in Pre call. So as you know that currently our business on the display has been on the continuous increase. So it is important that we start localization activity in India. So we have signed an MoU which is excluding between Trickol and Boe who is the world’s largest display maker to do backward integration in terms of our LCD and TFT development.
And Domino is one of pioneer in making switches and throttles to various premium two wheeler customers in the Europe region. So currently we are making along with them a joint study in terms of the design and development of the switches and throttle in the forthcoming quarters.
Khush Nahar — Analyst
So just one follow up on that. You mentioned that. So BOE given the expertise. So my question was more around. Have we formalized the agreement in terms of any JVs and accordingly are we planning CAPEX to set up this backward integration?
Vikram Mohan — Managing Director
Kushi, it is actually not a jv. It is an MOU and it is an exclusive MOU which has been signed between BOE and Pre Qual. You would have seen the notification in the stock exchange. So this backward integration is going to be exclusively supported by View. That is how this arrangement has been made.
Khush Nahar — Analyst
Right. So when are we expecting the investments for the same.
Vikram Mohan — Managing Director
The CapEx investment will start from the next like 3 to 4 quarters.
Khush Nahar — Analyst
We start production in the next 3 to 4 quarters.
Vikram Mohan — Managing Director
Yeah, production will start from the next maybe 4 to 5 quarters. The investment will start from the next 3 to 4 quarters. Thank you. Thank you.
operator
Thank you. Ladies and gentlemen, in order to ensure that the management is able to address questions from all participants, please limit your questions to two per participant. The next question comes from the line of Karan Gupta with Atmil. Please go ahead.
Karan Gupta — Analyst
Yeah. Hi. That’s what a good set of numbers for the quarter. Am I audible right?
Vikram Mohan — Managing Director
Yeah, yeah, yeah, yeah.
Karan Gupta — Analyst
So for the Catholic side I think in the last quarter you said 250 to 300 crore. For the next. For this year also and 27 also. But your long term target of around 8,000 crore topline by 2030. Right. 31. What kind of run rate you see for the capex side and how much it will be the mix of equity and debt. So as of now we have close to 100 crore of cash. Right. And we are generating good free cash flow also. So how it will be the mix of debt and equity?
Vikram Mohan — Managing Director
Karan, it would be difficult for us to arrive at a capex numbers till FY31. As we explained in the next two years, two to three years we are looking at the capex of about 500 crores for the group. And it all be made through plan To be met through internal approval.
Karan Gupta — Analyst
Okay. So this quarter we have finance cost increase significantly as compared to same quarter last year. So what’s the debt right now and how much we’ve been crazed. Quarter three.
Vikram Mohan — Managing Director
I will request our CFO Priyan to explain this please.
Priyadarsi Bastia — Chief Financial OfficerPricol Limited
Hi Karan. See the interest cost, finances whatever increase you see these are all working capital usage. So we don’t have any long term borrowing.
Karan Gupta — Analyst
No, I mean the debt field increased in quarter three. And this asking.
Priyadarsi Bastia — Chief Financial OfficerPricol Limited
We don’t have any borrowing long term borrowing in our balance sheet and whatever finance cost you are saying these are all working capital. Yeah. That is because of the large growth in our sales. Working capital has gone up. That is the reason.
Karan Gupta — Analyst
Okay. Yeah. Thank you.
Vikram Mohan — Managing Director
Thank you.
operator
Thank you. The next question is a follow up question. It’s from the line of Vijay Pandey with Nuama. Please go ahead.
Vijay Pandey — Analyst
Just want to know the revenue for record precision in the third quarter and what will be the EBITDA margin?
Vikram Mohan — Managing Director
Yeah Vijay, P3L for the quarter three they have generated 233 crores of top line with a 9.33% of EBITDA margin. Thank you.
Vijay Pandey — Analyst
How are you seeing the demand in the now as we the euphoria of the GST cut has now gone. How are you seeing the demand in the two wheeler space? Two wheeler commercial vehicle space.
Vikram Mohan — Managing Director
Vijay. The demand seems to be quite robust. Yes, we had lot of good tailwinds during Q3 but the demand continues to be good. You would have seen the Feda whereby the two wheeler stocks at various dealers are at quite a low level. So we are expecting the demand to continue to be robust on all segments of the market. Not only in the two wheeler but in the commercial vehicle and also the off highway vehicle.
Vijay Pandey — Analyst
Okay, thank you. And all the best for upcoming quarters. Thank you.
Vikram Mohan — Managing Director
Vijay.
operator
The next question comes from the nine of with Cardan Capital. Please go ahead.
Aman Agarwal — Analyst
Yes. Yeah. So thank you for the opportunity. My first question was basically on the new subsidiary which we have set up. Like can you talk about the purpose of this subsidiary which we are setting up for which we have taken the board approval.
Vikram Mohan — Managing Director
Good evening Aman. Hope I’m audible. So your question is regarding the new subsidiary that is planned to be incorporated. As you know that we are constantly working on new partnerships and then new technology partnerships as well. We have proactively gone ahead and incorporated the company. And as our CEO was mentioning earlier, we’ve also signed an MOU with boe. Considering all these aspects we want to do have the flexibility and have a company in place. That’s how we call it, the incorporation at this point in time. But whenever the plan materializes, we’ll talk about that in detail later.
Aman Agarwal — Analyst
Understood sir. My second question was on employee cost. Like if I see employee cost for this quarter at around 125 crores it’s a good increase, like 20% kind of increase yova. And like even on a Q1Q basis it has increased almost 9% or so. So like was there any one off in this? Like why has the employer cost basically increased?
Vikram Mohan — Managing Director
Vijay explained we are looking at a lot of strategic partnerships and development as a director strategy. Just explained about having an MOU exclusive MOU signed with DOE and also we explained about the recent partnership with with the domino for switches and throttle. So there is a need for us to have little forward looking employees to develop this. So that is the reason you found that the employee cost has gone up.
Aman Agarwal — Analyst
Understood sir. So my third and final question was basically on the exports part. So like in our ACFMS business like exports was one area where we were initially focusing on. But like two, three quarters back we mentioned that exports is something which is seeing slowdown and like for next one, one and a half years also some growth is expected. Not much in the export side basically. Right. So is there any like can you share like what is the view currently on exports and like recovery in the ACFMS business For us on the ACFMS.
Vikram Mohan — Managing Director
Division our export growth has been quite steady even during this quarter. We have post good 15% growth when compared to the Q3 of the last financial year. Primarily the new projects, whatever we spoke about on the ACFMS division have gone into mass production primarily which we explained last time. Customers like Caterpillar, many of the US based customers and Europe based customers have already gone into mass production. You find that there is a steady growth in the export business.
Aman Agarwal — Analyst
Got it. So if I can squeeze in one more question, like if I see Recall precision. Our margins at 9.3%. Like we had indicated about a guidance of around 10.5% as an aspirational margin for this business. Right. So what impacted the margins in this quarter? And like when can we achieve that 10 and a half percent kind of margins and recall procedures? Basically.
Vikram Mohan — Managing Director
So Amil. So that indication of EBITDA was through after a couple of quarters. As you know, we’ve just acquired the business one year ago at much lower ebitda. We have put together a lot of improvement plans and performance efficiency improvement plan, manpower enhancement plans, etc. So which is steadily increasing the EBITDA quarter on quarter. If you would have seen from our past performance. And with this steady performance and increase in revenue with better absorption of fixed cost we expect the margins to hit the desired numbers or optimal numbers that we have indicated in the past.
Aman Agarwal — Analyst
Got it. Thank you sir. Thanks for answering my questions.
Vikram Mohan — Managing Director
Thank you.
Aman Agarwal — Analyst
Thank you so much.
operator
Thank you. Ladies and gentlemen, you are requested to limit your questions to two per participant. The next question is from the line of Chaitanya Hardikar with Punatha pms. Please go ahead.
Chaitanya Hardikar — Analyst
Actually my question is already answered.
Vikram Mohan — Managing Director
Okay, thank you.
operator
Thank you. The next question comes from the line of Rahul Deshmu with LKP Securities. Please go ahead.
Rahul Deshmukh — Analyst
Hello sir. So my question is that I just wanted to know what factors are driving the the growth in a polymer business. Is it because of increasing wallet share or we are acquiring new customers? And another one is that at what. What is capacity utilization of that business? And any thought on expansion of the capacity? Existing capacity.
Vikram Mohan — Managing Director
Yes. So Rahul, thank you so much for your question. To answer that. To answer your first question, the revenue increase is contributed primarily due to factors. One is the share of business increase or wallet share increase with existing customers. Plus we are also actively onboarding new customers with the relationship that they call commands in the market today. So which will see the revenue keep on increasing in the upcoming quarters. And second question, second question. In terms of capacity utilization we are above 90% as we speak. That’s why we are infusing fresh capital to increase capacities and also create new facilities to keep up with the growing demands of the business.
Rahul Deshmukh — Analyst
Thank you.
Vikram Mohan — Managing Director
Thank you.
operator
We have a follow up question. It’s from the line of Sriram with it pms. Please go ahead.
Sriram Palaniappan — Analyst
So what is the status of the E Cockpit product and do we have any passenger vehicle customers currently.
Vikram Mohan — Managing Director
As explained during the previous earning call Sriram, it is currently under proof of concept at our engineering center. And we have also given some Samples to our personal passenger vehicle vehicle customers that may take another three to four quarters to mature as a product and then thereupon start the mass production.
Sriram Palaniappan — Analyst
Thank you sir.
operator
Next question comes from the line of Kushnahar with Electrim pms. Please go ahead.
Kushinagar — Analyst
Yeah, thank you for the opportunity again sir. So could you help us with the quarterly revenue and EBITDA number for recall precision? And secondly what would be the peak revenue that we can achieve from the dis break capacity that we have right now and are we planning to expand that more considering that Q1FY27 will onboard we’ll start production for a large OEM?
Vikram Mohan — Managing Director
To answer your first question for Prel precisions for Q3 the revenue was 233 crores and the EBITDA was 9.33%. I request our Director Strategy to answer the second question.
Siddharth Manoharan — Director of Strategy
We have created a capacity of 0.5 million units at this point in time and we see a good visibility to fill this capacity with the businesses in hand and as and when the new businesses emerges will be creating additional capacities we would not be able to quantify as a peak capacity or peak value at this point in because some of the businesses are also under conversion as we speak.
Kushinagar — Analyst
Right sir, thank you. Just one last question sir. So I think in the previous call we have mentioned that we are expecting for the preco limited to grow at around 11 to 15%. So are we. So do we have the same guidance as on this quarter also and does this include the new business of the telematics and the BMS etc.
Vikram Mohan — Managing Director
We have been steadily growing at 15% plus if you recall Kush in all our quarters and this quarter also we have grown more than 15% as Prickol standalone. Coming to your next question on telematics I think I already explained that telematics is not a new product for Prickol. We have been there in telematics business for more than a decade. We are looking more into the integrated telematics with the driver information system going forward and in terms of I think BMS I already explained that we have completed the development of the battery management system and currently we are in a testing phase with one of the two wheeler premium customer of ours and maybe in the next three to four quarters the testing would have been completed with the two wheeler customer and there upon the mass production will start for BMS.
Kushinagar — Analyst
So in conclusion we expect that 15% CAGR growth is something that we can work with for precaut standalone business.
Vikram Mohan — Managing Director
It is difficult. It depends upon the market Conditions as well. Yes, Prickol has been outperforming the market in the last eight to 12 quarters. If you see we have grown more than the market. We expect the same momentum to continue primarily because of our various new product portfolio.
Kushinagar — Analyst
Right. Okay, sir, thank you.
operator
The next question comes from the line of Preet with Incred amc. Please go ahead.
Preet — Analyst
Thank you for the opportunity. Sir, I would like to ask on the employee cost. There has been increase in employee cost across company due to new labor law. Has recall factor in this impact and if. Yes, if you could quantify the same and also what kind of impact do you expect in coming quarters?
Vikram Mohan — Managing Director
If I’ll answer you to your this question, see if you would have noticed the result. We have published a note as well that the new labor code has not been having a significant impact on a play cost and recall. Because we have taken taken care of that part in the past. We are in the process of evaluating further impact on some parts which is specifically contract labor part which we will be concluding before March. Thank you.
Preet — Analyst
Okay, my second question would be lying on on the Capex. You have mentioned that you are already at a 90% plus capacity utilization and going forward you are guiding of 250 to 300 crores of capex. What kind of additional revenue we can derive from this? 250. 300 crores of revenue.
Vikram Mohan — Managing Director
The 90% capacity session was specific to the pre call precision or polymer business. In recall limited in our DICDS and ACFM is vertical. We’ve already created enough capacity as. As you know in the past we have undertaken a huge capex investments the Capex cycle which is given us the capacity additions as we speak. So overall we’ll be investing close to about 400 to 500 crores over the next two to three years on new products. And bulk of it will be invested for our polymer division to create new capacities.
Preet — Analyst
Okay, got it. What would be our capacity utilization in PVPOL standalone?
Vikram Mohan — Managing Director
That would be little difficult because of the complexity and diversity of products. Whatever we have, it would be difficult to put a steady number for the capacity. But we have created enough capacity in terms of flexible lines and then flexibility in terms of the backward integration which will see us through for the next three years.
Preet — Analyst
Thank you sir. I will join back in the queue.
operator
Thank you. The next question comes from the line of Mithul Shah with Pantomat Financial Services. Please go ahead.
Mitul Shah — Analyst
Thank you for the opportunity. Sir. My question is on overall growth. Considering yesterday one of the leading Twiller OEM guided for 8.9percent type of industry growth for Two Wheeler next year and for initial first half or nine months industry was nearly low single digit growth. Still we reported double digit revenue growth. So based on that don’t you think it would be much more than 15% type of growth possible next year? As we are adding customer also we are adding products it could be like upwards of close to 20%.
Vikram Mohan — Managing Director
Mithul, as I explained that we have been outperforming the market quarter on quarter for the last eight to 12 quarters and we expect the same momentum to continue. If the industry is going to grow by 8 to 9% we are sure that we will grow much more than that. I do not know whether it will grow by 20% or so. I do not know at this point of time. But there are opportunities because of our various new product that we will continue to outperform the market.
Mitul Shah — Analyst
And sir, on the non two wheeler side what is our outlook or what is our understanding for next one one and half year?
Vikram Mohan — Managing Director
The demand as I told you has been robust ever since there has been a reduction in GST since Q3 there has been good amount of positive sentiments particularly in the two wheeler segment and you will find that Q3 has had a good growth among all the two wheeler customers and we hope that same positive sentiments continuing in the Q4 and maybe for the next year as well. We are waiting and watching it very carefully but as we see the growth seems to be quite robust.
Mitul Shah — Analyst
Even for non two wheeler side where we are increasing our. Trying to increase our contribution.
Vikram Mohan — Managing Director
Yes, across all segments of the market. That’s what I explained. It is not only two wheeler. We fight all segments of the market in terms of robust growth.
Mitul Shah — Analyst
Thanks and all the best.
Vikram Mohan — Managing Director
Thank you. Thank you. Thank you.
operator
The next question comes from the line of Zubin Purushit with Karma Capital. Please go ahead.
Zubin Pruseth — Analyst
Hi sir. Am I audible?
operator
Yes.
Zubin Pruseth — Analyst
Yeah Sir, I just want to know for the nine month of total consolidated what percentage of our revenue would be from the AC FMS businesses?
Vikram Mohan — Managing Director
Nearly one fourth of our revenue, total revenue comes from the ACFMS division on the consolidated sales.
Zubin Pruseth — Analyst
Okay sir. And sir, if you can just you know help us with the non break portion of the ACFMs. How are we seeing this and just want to understand is this majorly towards export?
Vikram Mohan — Managing Director
Yes, the export content in the total ACFMS product is quite significant and it will continue to be significant as we are going along primarily export happening to both US and also to the European regions. In terms of the non disc break. Yes, disc break is going to be a new product addition Apart from that we make a number of ACFMS products starting from oil and water pumps for across the segments. Two wheeler, personal passenger vehicle, commercial vehicle. We supply to all of them and also we supply the fuel pump module to a number of two wheeler customers.
And in fact we are a major supplier to the commercial vehicle division for the capital team mechanism. So we have got across the segments multiple products in the ACFMS division.
Zubin Pruseth — Analyst
Okay, so answer my second question would be within the, you know our primary segment in terms of instrument clusters. So are we, if you can just help us with respect to how much proportion would CV and PV be and are we going to see this particular segment increase much further and the two wheeler going down as we move or you know, focus more on these kind of clients?
Vikram Mohan — Managing Director
No, we are a company which is spread across all segments of the market. That is the strength of Precol. We are across all segments of the market starting from two to three wheeler, personal passenger vehicle, four wheeler and also commercial vehicle and also of the off IV vehicle if you ask me. Focus. We are focused across all segments of the market and we expect the same focus to be there and across all segments of the market.
Zubin Pruseth — Analyst
Sure sir.
Vikram Mohan — Managing Director
Thank you.
operator
The next question comes from the line of Vijay Pandey with Nuama. Please go ahead.
Vijay Pandey — Analyst
Thank you for the follow up. So what is our breakup between domestic and exports and how much of the export comes from the ACFMS business?
Vikram Mohan — Managing Director
Overall our export revenue is about 10% on the total revenue. ACFMS would be a very significant portion which in terms of the export revenue overall on a consolidated level 10% of our revenue comes from export.
Vijay Pandey — Analyst
Are we seek a similar level of growth between diver information system and ACFMS system because the export somewhat has been not like the export there because of the tariff and other restrictions. Just want to understand how are we seeing both division growth?
Vikram Mohan — Managing Director
The tariff actually has not affected us because we make specialized ACFMS products to various customers. So actually the tariff has not affected us in terms of growth more. Both ACFMS and driver information system are growing in the same pace. What you’re talking about total as a company growth. Both divisions are growing for us.
Vijay Pandey — Analyst
Okay, okay. Both at similar level at around 15 to 20%, 15% standalone.
Vikram Mohan — Managing Director
Whatever you see as the total growth. Actually both the divisions are almost like equal, equally growing.
Vijay Pandey — Analyst
Okay, okay. Thank you.
operator
Thank you. The next question comes from the line of Kushnahan with Electrum pms. Please go ahead.
Khush Nahar — Analyst
Thank you for the opportunity again. So any update on the inorganic acquisition that we were planning in the precision people, precision segment.
Vikram Mohan — Managing Director
Constantly keep evaluating opportunities as as we used to do. And if something materialize this, then we will inform you all.
Khush Nahar — Analyst
Nothing on the advanced stage as of yet?
Vikram Mohan — Managing Director
No, as I mentioned, we, we consistently keep evaluating new opportunities. Nothing in the advanced stage at this point in time.
Karan Gupta — Analyst
Okay. Okay. Thank you.
operator
Thank you. Ladies and gentlemen. That was the last question for today. I now hand the conference over to the management for closing comments.
Vikram Mohan — Managing Director
Good evening again. Thank you all for the questions and asking patiently all these questions and we could answer. Looking forward to hear from all of you again in the next investors call. Thank you so much.
operator
Thank you. On behalf of Pre Call limited. That concludes this conference. Thank you for joining us. And you may now disconnect your lines. Thank you.