PPAP Automotive Ltd

PPAP Automotive Ltd

₹ 255 6.23%
11 Jun - close price
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

  • Market Cap 359 Cr.
  • Current Price 255
  • High / Low 260 / 152
  • Stock P/E 25.5
  • Book Value 231
  • Dividend Yield 0.49 %
  • ROCE 7.08 %
  • ROE 4.42 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.11 times its book value

Cons

  • The company has delivered a poor sales growth of 8.35% over past five years.
  • Company has a low return on equity of 1.72% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
115.38 116.27 124.19 124.77 127.10 111.36 140.47 119.75 132.28 118.68 141.31 135.34 142.32
103.29 103.78 111.71 115.37 115.92 103.98 127.30 108.86 119.88 106.70 123.40 120.31 126.66
Operating Profit 12.09 12.49 12.48 9.40 11.18 7.38 13.17 10.89 12.40 11.98 17.91 15.03 15.66
OPM % 10.48% 10.74% 10.05% 7.53% 8.80% 6.63% 9.38% 9.09% 9.37% 10.09% 12.67% 11.11% 11.00%
0.72 0.70 0.78 0.75 1.07 1.31 0.98 0.63 0.86 1.28 1.08 1.06 1.15
Interest 1.82 2.17 2.59 2.55 2.99 3.17 2.72 3.11 3.26 3.30 3.49 3.68 3.89
Depreciation 7.13 7.24 7.28 7.28 7.75 7.72 8.13 8.21 8.08 8.08 8.06 8.01 7.87
Profit before tax 3.86 3.78 3.39 0.32 1.51 -2.20 3.30 0.20 1.92 1.88 7.44 4.40 5.05
Tax % 24.87% 24.60% 26.25% 18.75% 21.19% -26.36% 18.48% -25.00% 411.46% 25.00% 25.13% 24.32% 25.15%
2.91 2.85 2.50 0.26 1.20 -1.62 2.69 0.24 -5.98 1.42 5.57 3.33 3.78
EPS in Rs 2.08 2.04 1.79 0.19 0.86 -1.16 1.92 0.17 -4.27 1.01 3.95 2.36 2.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
246 318 303 345 398 411 360 321 409 492 504 538
217 277 250 278 313 334 309 287 370 446 460 477
Operating Profit 28 41 52 67 85 77 51 34 39 46 44 61
OPM % 12% 13% 17% 19% 21% 19% 14% 11% 10% 9% 9% 11%
3 4 1 2 3 1 0 3 2 3 4 5
Interest 4 8 8 6 5 4 3 4 6 11 12 14
Depreciation 20 22 23 24 26 26 26 26 29 30 32 32
Profit before tax 8 16 23 38 57 48 23 6 6 9 3 19
Tax % 32% 24% 33% 34% 34% 31% 17% 24% 25% 24% 246% 25%
5 12 15 25 37 33 19 5 5 7 -5 14
EPS in Rs 3.90 8.59 10.91 17.89 26.72 23.87 13.77 3.46 3.28 4.86 -3.34 10.00
Dividend Payout % 0% 12% 18% 17% 17% 19% 22% 29% 46% 31% -37% 25%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 10%
TTM: 7%
Compounded Profit Growth
10 Years: 3%
5 Years: -6%
3 Years: 45%
TTM: 415%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: 10%
1 Year: 26%
Return on Equity
10 Years: 6%
5 Years: 2%
3 Years: 2%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 175 185 196 225 256 281 290 296 299 302 299 311
43 83 74 52 30 25 22 50 93 123 142 156
54 44 46 64 87 95 80 85 85 102 113 111
Total Liabilities 285 326 331 355 386 415 407 444 490 542 568 592
141 193 194 197 211 237 230 240 272 302 298 303
CWIP 26 0 0 3 12 2 8 20 21 11 17 24
Investments 25 38 38 51 49 49 51 55 66 70 71 71
94 95 99 103 115 127 118 129 131 160 182 195
Total Assets 285 326 331 355 386 415 407 444 490 542 568 592

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
37 36 41 70 78 59 36 30 40 39 36 56
-61 -59 -24 -43 -45 -43 -29 -49 -70 -49 -30 -35
21 23 -18 -25 -33 -16 -5 18 29 11 -6 -21
Net Cash Flow -4 1 -1 2 -1 -1 2 -1 -1 0 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 48 45 46 52 51 51 42 70 47 46 51 49
Inventory Days 77 53 84 47 61 82 94 86 70 78 78 58
Days Payable 47 48 47 49 60 73 80 98 76 83 75 78
Cash Conversion Cycle 79 50 83 49 51 60 56 58 40 40 53 29
Working Capital Days 50 39 47 31 18 27 36 47 41 43 52 69
ROCE % 4% 8% 11% 15% 21% 17% 8% 3% 3% 5% 3% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
64.87% 64.88% 65.01% 65.01% 65.01% 65.01% 65.01% 65.01% 64.60% 64.60% 64.60% 64.60%
5.74% 5.78% 5.73% 5.70% 5.70% 5.70% 5.70% 5.75% 5.67% 5.76% 5.67% 5.67%
29.39% 29.34% 29.28% 29.30% 29.30% 29.30% 29.29% 29.23% 29.73% 29.64% 29.73% 29.73%
No. of Shareholders 18,73817,96716,72816,41416,86016,48216,65416,93917,02417,09717,56817,103

* 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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