PPAP Automotive Ltd

PPAP Automotive Ltd

₹ 193 -3.12%
28 May - 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 270 Cr.
  • Current Price 193
  • High / Low 295 / 161
  • Stock P/E
  • Book Value 224
  • Dividend Yield 0.78 %
  • ROCE 3.46 %
  • ROE -1.48 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.86 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.70% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
113.55 78.65 103.82 111.23 115.38 116.27 124.19 124.77 127.10 111.36 140.47 119.75 132.28
96.40 75.14 92.08 99.52 103.29 103.78 111.71 115.37 115.92 103.98 127.30 108.86 119.88
Operating Profit 17.15 3.51 11.74 11.71 12.09 12.49 12.48 9.40 11.18 7.38 13.17 10.89 12.40
OPM % 15.10% 4.46% 11.31% 10.53% 10.48% 10.74% 10.05% 7.53% 8.80% 6.63% 9.38% 9.09% 9.37%
1.96 0.31 0.32 0.65 0.72 0.70 0.78 0.75 1.07 1.31 0.98 0.63 0.86
Interest 1.22 1.13 1.35 1.69 1.82 2.17 2.59 2.55 2.99 3.17 2.72 3.11 3.26
Depreciation 6.58 7.10 7.22 7.51 7.13 7.24 7.28 7.28 7.75 7.72 8.13 8.21 8.08
Profit before tax 11.31 -4.41 3.49 3.16 3.86 3.78 3.39 0.32 1.51 -2.20 3.30 0.20 1.92
Tax % 24.49% 24.72% 24.93% 25.00% 24.87% 24.60% 26.25% 18.75% 21.19% 26.36% 18.48% -25.00% 411.46%
8.54 -3.31 2.62 2.38 2.91 2.85 2.50 0.26 1.20 -1.62 2.69 0.24 -5.98
EPS in Rs 6.10 -2.36 1.87 1.70 2.08 2.04 1.79 0.19 0.86 -1.16 1.92 0.17 -4.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
214 246 318 303 345 398 411 360 321 409 492 504
198 217 277 250 278 313 334 309 287 370 446 460
Operating Profit 16 28 41 52 67 85 77 51 34 39 46 44
OPM % 7% 12% 13% 17% 19% 21% 19% 14% 11% 10% 9% 9%
4 3 4 1 2 3 1 0 3 2 3 4
Interest 1 4 8 8 6 5 4 3 4 6 11 12
Depreciation 18 20 22 23 24 26 26 26 26 29 30 32
Profit before tax 1 8 16 23 38 57 48 23 6 6 9 3
Tax % -166% 32% 24% 33% 34% 34% 31% 17% 24% 25% 24% 246%
2 5 12 15 25 37 33 19 5 5 7 -5
EPS in Rs 1.10 3.90 8.59 10.91 17.89 26.72 23.87 13.77 3.46 3.28 4.86 -3.34
Dividend Payout % 0% 0% 12% 18% 17% 17% 19% 22% 29% 46% 31% -37%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 16%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -170%
Stock Price CAGR
10 Years: 13%
5 Years: -7%
3 Years: -3%
1 Year: 16%
Return on Equity
10 Years: 6%
5 Years: 2%
3 Years: 1%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 169 175 185 196 225 256 281 290 296 299 302 299
14 43 83 74 52 30 25 22 50 93 123 142
33 54 44 46 64 87 95 80 85 85 102 113
Total Liabilities 230 285 326 331 355 386 415 407 444 490 542 568
124 141 193 194 197 211 237 230 240 272 302 300
CWIP 17 26 0 0 3 12 2 8 20 21 11 15
Investments 1 25 38 38 51 49 49 51 55 66 70 71
89 94 95 99 103 115 127 118 129 131 160 182
Total Assets 230 285 326 331 355 386 415 407 444 490 542 568

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
15 37 36 41 70 78 59 36 30 40 40 36
-28 -61 -59 -24 -43 -45 -43 -29 -49 -70 -50 -30
9 21 23 -18 -25 -33 -16 -5 18 29 11 -6
Net Cash Flow -4 -4 1 -1 2 -1 -1 2 -1 -1 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 45 48 45 46 52 51 51 42 70 47 46 51
Inventory Days 93 77 53 84 47 61 82 94 86 70 78 71
Days Payable 42 47 48 47 49 60 73 80 98 76 83 69
Cash Conversion Cycle 96 79 50 83 49 51 60 56 58 40 40 53
Working Capital Days 84 50 39 47 31 18 27 36 47 41 44 57
ROCE % -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.

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Documents

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