PPAP Automotive Ltd

PPAP Automotive Ltd

₹ 212 1.34%
24 Apr 12:17 p.m.
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 296 Cr.
  • Current Price 212
  • High / Low 295 / 161
  • Stock P/E
  • Book Value 209
  • Dividend Yield 0.71 %
  • ROCE 1.58 %
  • ROE -2.02 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.01 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
107.33 114.12 78.75 105.94 114.61 122.62 123.22 128.50 127.12 132.27 116.45 148.40 122.36
90.90 98.26 76.29 95.00 103.63 111.91 112.23 118.04 120.60 123.91 110.18 136.35 113.74
Operating Profit 16.43 15.86 2.46 10.94 10.98 10.71 10.99 10.46 6.52 8.36 6.27 12.05 8.62
OPM % 15.31% 13.90% 3.12% 10.33% 9.58% 8.73% 8.92% 8.14% 5.13% 6.32% 5.38% 8.12% 7.04%
0.67 1.67 0.18 0.18 0.35 0.30 0.55 0.31 0.44 0.49 1.68 0.49 0.12
Interest 0.98 1.24 1.21 1.44 1.85 2.00 2.47 2.96 3.32 3.37 3.74 3.45 3.60
Depreciation 6.75 6.66 7.18 7.30 7.66 7.33 7.63 7.70 7.71 8.08 8.22 8.63 8.71
Profit before tax 9.37 9.63 -5.75 2.38 1.82 1.68 1.44 0.11 -4.07 -2.60 -4.01 0.46 -3.57
Tax % 24.12% 27.00% 22.61% 29.83% 37.36% 48.81% 59.72% 636.36% 9.83% 12.31% 31.42% -17.39% 25.21%
7.11 7.03 -4.45 1.67 1.14 0.86 0.58 -0.58 -3.67 -2.28 -2.75 0.54 -2.67
EPS in Rs 5.08 5.02 -3.18 1.19 0.81 0.61 0.41 -0.41 -2.62 -1.63 -1.96 0.39 -1.91
Raw PDF

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: 13%
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%

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.

Documents

Concalls