PPAP Automotive Ltd
Incorporated in 1995, PPAP Automotive Ltd develops plastic and driver-based extrusion systems, plastic injection moulding systems and high-precision plastic injection tooling[1]
- Market Cap ₹ 290 Cr.
- Current Price ₹ 207
- High / Low ₹ 295 / 161
- Stock P/E
- Book Value ₹ 209
- Dividend Yield 0.72 %
- ROCE 1.58 %
- ROE -2.02 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.99 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.15% over past five years.
- Company has a low return on equity of -0.52% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|
319 | 343 | 398 | 404 | 359 | 322 | 422 | 511 | 519 | |
265 | 277 | 313 | 327 | 309 | 290 | 386 | 474 | 484 | |
Operating Profit | 53 | 67 | 85 | 77 | 50 | 32 | 36 | 37 | 35 |
OPM % | 17% | 19% | 21% | 19% | 14% | 10% | 8% | 7% | 7% |
1 | 5 | 4 | 1 | 0 | 2 | 1 | 1 | 3 | |
Interest | 8 | 6 | 5 | 4 | 3 | 4 | 7 | 12 | 14 |
Depreciation | 25 | 24 | 26 | 26 | 26 | 26 | 29 | 31 | 34 |
Profit before tax | 22 | 41 | 59 | 49 | 22 | 3 | 0 | -5 | -10 |
Tax % | 35% | 32% | 33% | 30% | 17% | 35% | 708% | -16% | |
14 | 28 | 39 | 34 | 18 | 2 | -1 | -6 | -7 | |
EPS in Rs | 10.02 | 19.97 | 28.08 | 24.10 | 13.00 | 1.50 | -0.56 | -4.24 | -5.11 |
Dividend Payout % | 20% | 15% | 16% | 19% | 23% | 67% | -266% | -35% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 12% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -155% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | -7% |
3 Years: | 4% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | -1% |
Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 |
Reserves | 192 | 223 | 256 | 281 | 289 | 292 | 290 | 281 | 279 |
74 | 52 | 30 | 25 | 22 | 52 | 110 | 152 | 158 | |
48 | 64 | 87 | 95 | 80 | 85 | 86 | 102 | 98 | |
Total Liabilities | 328 | 353 | 386 | 415 | 406 | 443 | 500 | 548 | 549 |
217 | 197 | 211 | 237 | 230 | 244 | 284 | 319 | 316 | |
CWIP | 1 | 3 | 12 | 2 | 8 | 20 | 21 | 11 | 16 |
Investments | 2 | 49 | 49 | 49 | 48 | 46 | 46 | 42 | 43 |
108 | 103 | 115 | 127 | 119 | 133 | 148 | 177 | 174 | |
Total Assets | 328 | 353 | 386 | 415 | 406 | 443 | 500 | 548 | 549 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
41 | 70 | 78 | 59 | 36 | 26 | 21 | 31 | |
-24 | -43 | -45 | -43 | -27 | -49 | -71 | -58 | |
-18 | -25 | -33 | -17 | -6 | 21 | 49 | 28 | |
Net Cash Flow | -1 | 2 | -1 | -1 | 3 | -2 | -1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 52 | 51 | 52 | 41 | 68 | 48 | 46 |
Inventory Days | 84 | 47 | 61 | 82 | 96 | 92 | 88 | 97 |
Days Payable | 48 | 49 | 60 | 73 | 81 | 98 | 76 | 81 |
Cash Conversion Cycle | 82 | 49 | 51 | 60 | 56 | 62 | 60 | 63 |
Working Capital Days | 51 | 31 | 18 | 27 | 36 | 51 | 51 | 50 |
ROCE % | 17% | 22% | 17% | 8% | 2% | 2% | 2% |
Documents
Announcements
- Compliance Certificate Under Regulation 40(10) Of The SEBI (Listing Obligation And Disclosures Requirements) Regulations, 2015 17 Apr
- Compliance Certificate Under Regulation 7(3) Of The SEBI (Listing Obligation And Disclosures Requirements) Regulations 2015 For The Year Ended March 31, 2024 17 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations 2018
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Apr - Completion of tenure of Mr. Pravin Kumar Gupta, Independent Director of the Company.
- Closure of Trading Window 27 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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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