PPAP Automotive Ltd

PPAP Automotive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PPAP Automotive Ltd

₹ 211 0.91%
24 Apr 1:24 p.m.
ppapco.in BSE: 532934 NSE : PPAP
About

Incorporated in 1995, PPAP Automotive Ltd develops plastic and driver-based extrusion systems, plastic injection moulding systems and high-precision plastic injection tooling[1]

Key Points

Business Overview:[1]
PPAP manufactures custom made extrusion products and develops
Plastic and Rubber based extrusion systems, Plastic injection molding
systems for customers in Automotive and Ancillary Industries.
It also manufacturers of Li-Ion based Battery pack for the 2 wheeler and 3 wheeler industry

Website BSE NSE
  • Market Cap ₹ 295 Cr.
  • Current Price ₹ 211
  • High / Low ₹ 295 / 161
  • Stock P/E 118
  • Book Value ₹ 227
  • Dividend Yield 0.71 %
  • ROCE 4.60 %
  • ROE 2.13 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.93 times its book value
  • Company has been maintaining a healthy dividend payout of 35.2%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.35% over past five years.
  • Company has a low return on equity of 1.73% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
107.07 113.55 78.65 103.82 111.23 115.38 116.27 124.19 124.77 127.10 111.36 140.47 119.75
90.35 96.40 75.14 92.08 99.52 103.29 103.78 111.71 115.37 115.92 103.98 127.30 108.86
Operating Profit 16.72 17.15 3.51 11.74 11.71 12.09 12.49 12.48 9.40 11.18 7.38 13.17 10.89
OPM % 15.62% 15.10% 4.46% 11.31% 10.53% 10.48% 10.74% 10.05% 7.53% 8.80% 6.63% 9.38% 9.09%
0.27 1.96 0.31 0.32 0.65 0.72 0.70 0.78 0.75 1.07 1.31 0.98 0.63
Interest 0.91 1.22 1.13 1.35 1.69 1.82 2.17 2.59 2.55 2.99 3.17 2.72 3.11
Depreciation 6.68 6.58 7.10 7.22 7.51 7.13 7.24 7.28 7.28 7.75 7.72 8.13 8.21
Profit before tax 9.40 11.31 -4.41 3.49 3.16 3.86 3.78 3.39 0.32 1.51 -2.20 3.30 0.20
Tax % 25.21% 24.49% 24.72% 24.93% 25.00% 24.87% 24.60% 26.25% 18.75% 21.19% 26.36% 18.48% -25.00%
7.03 8.54 -3.31 2.62 2.38 2.91 2.85 2.50 0.26 1.20 -1.62 2.69 0.24
EPS in Rs 5.02 6.10 -2.36 1.87 1.70 2.08 2.04 1.79 0.19 0.86 -1.16 1.92 0.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
184 214 246 318 303 345 398 411 360 321 409 492 499
155 198 217 277 250 278 313 334 309 287 370 446 456
Operating Profit 28 16 28 41 52 67 85 77 51 34 39 46 43
OPM % 15% 7% 12% 13% 17% 19% 21% 19% 14% 11% 10% 9% 9%
6 4 3 4 1 2 3 1 0 3 2 3 4
Interest 0 1 4 8 8 6 5 4 3 4 6 11 12
Depreciation 18 18 20 22 23 24 26 26 26 26 29 30 32
Profit before tax 15 1 8 16 23 38 57 48 23 6 6 9 3
Tax % 17% -166% 32% 24% 33% 34% 34% 31% 17% 24% 25% 24%
13 2 5 12 15 25 37 33 19 5 5 7 3
EPS in Rs 9.21 1.10 3.90 8.59 10.91 17.89 26.72 23.87 13.77 3.46 3.28 4.86 1.79
Dividend Payout % 0% 0% 0% 12% 18% 17% 17% 19% 22% 29% 46% 31%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: 11%
TTM: 4%
Compounded Profit Growth
10 Years: 17%
5 Years: -29%
3 Years: -30%
TTM: -71%
Stock Price CAGR
10 Years: 15%
5 Years: -7%
3 Years: 4%
1 Year: 13%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 168 169 175 185 196 225 256 281 290 296 299 302 304
4 14 43 83 74 52 30 25 22 50 93 123 133
34 33 54 44 46 64 87 95 80 85 85 102 100
Total Liabilities 220 230 285 326 331 355 386 415 407 444 490 542 551
116 124 141 193 194 197 211 237 230 240 272 302 299
CWIP 11 17 26 0 0 3 12 2 8 20 21 11 16
Investments 1 1 25 38 38 51 49 49 51 55 66 70 70
93 89 94 95 99 103 115 127 118 129 131 160 165
Total Assets 220 230 285 326 331 355 386 415 407 444 490 542 551

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 15 37 36 41 70 78 59 36 30 40 40
-6 -28 -61 -59 -24 -43 -45 -43 -29 -49 -70 -50
-5 9 21 23 -18 -25 -33 -16 -5 18 29 11
Net Cash Flow -5 -4 -4 1 -1 2 -1 -1 2 -1 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62 45 48 45 46 52 51 51 42 70 47 46
Inventory Days 113 93 77 53 84 47 61 82 94 86 70 78
Days Payable 57 42 47 48 47 49 60 73 80 98 76 83
Cash Conversion Cycle 118 96 79 50 83 49 51 60 56 58 40 40
Working Capital Days 85 84 50 39 47 31 18 27 36 47 41 44
ROCE % 8% -1% 4% 8% 11% 15% 21% 17% 8% 3% 3% 5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.87% 64.87% 64.87% 64.87% 64.87% 64.88% 65.01% 65.01% 65.01% 65.01% 65.01% 65.01%
1.06% 2.59% 4.41% 5.85% 5.74% 5.78% 5.73% 5.70% 5.70% 5.70% 5.70% 5.75%
34.07% 32.54% 30.72% 29.28% 29.39% 29.34% 29.28% 29.30% 29.30% 29.30% 29.29% 29.23%
No. of Shareholders 20,61021,26919,92019,14518,73817,96716,72816,41416,86016,48216,65416,939

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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