PPAP Automotive Ltd

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

PPAP Automotive Ltd

₹ 210 0.50%
19 May 4:01 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 Segments[1]
a) Automotive Parts (PPAP Tokai India Rubber Private Ltd)
The company develops advanced automotive body sealing systems and high-quality interior and exterior injection molded parts. These products are designed to be engine agnostic (suitable for ICE, EV, etc.). It serves a diverse customer base, including Passenger Vehicles (PV), Two-Wheelers (2W), Commercial Vehicles (CV), and Tier-1 suppliers (T1)

Website BSE NSE
  • Market Cap ₹ 296 Cr.
  • Current Price ₹ 210
  • High / Low ₹ 295 / 176
  • Stock P/E 157
  • Book Value ₹ 242
  • Dividend Yield 1.19 %
  • ROCE 3.53 %
  • ROE 0.60 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.87 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 12.0% over past five years.
  • Company has a low return on equity of -0.51% over last 3 years.
  • Earnings include an other income of Rs.51.7 Cr.
  • Debtor days have increased from 53.9 to 66.8 days.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
132 116 148 122 136 123 145 139 147 117 137 139 175
124 110 136 114 124 111 129 125 132 107 124 126 158
Operating Profit 8 6 12 9 11 12 16 14 15 9 13 13 17
OPM % 6% 5% 8% 7% 8% 10% 11% 10% 10% 8% 9% 9% 10%
0 2 0 0 0 1 0 1 1 1 0 1 50
Interest 3 4 3 4 4 4 4 4 4 4 4 4 4
Depreciation 8 8 9 9 9 9 9 9 8 8 9 9 9
Profit before tax -3 -4 0 -4 -1 0 4 2 3 -3 -0 0 53
Tax % -12% -31% -17% -25% 768% 0% 26% 16% 19% -23% -50% -133% 15%
-2 -3 1 -3 -8 0 3 2 2 -2 -0 0 45
EPS in Rs -1.63 -1.96 0.39 -1.91 -5.83 0.07 2.03 1.15 1.72 -1.61 -0.04 0.05 32.20
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 Mar 2024 Mar 2025 Mar 2026
319 343 398 404 359 322 422 511 523 554 567
265 277 313 327 309 290 386 474 483 496 516
Operating Profit 53 67 85 77 50 32 36 37 39 58 51
OPM % 17% 19% 21% 19% 14% 10% 8% 7% 8% 10% 9%
1 5 4 1 0 2 1 1 2 3 52
Interest 8 6 5 4 3 4 7 12 15 17 17
Depreciation 25 24 26 26 26 26 29 31 34 34 36
Profit before tax 22 41 59 49 22 3 0 -5 -8 9 50
Tax % 35% 32% 33% 30% 17% 35% 708% 16% 62% 21% 14%
14 28 39 34 18 2 -1 -6 -13 7 43
EPS in Rs 10.02 19.97 28.08 24.10 13.00 1.50 -0.56 -4.24 -9.31 4.97 30.60
Dividend Payout % 20% 15% 16% 19% 23% 67% -266% -35% -13% 50% 5%
Compounded Sales Growth
10 Years: 6%
5 Years: 12%
3 Years: 4%
TTM: 2%
Compounded Profit Growth
10 Years: -18%
5 Years: -2%
3 Years: 32%
TTM: -72%
Stock Price CAGR
10 Years: 4%
5 Years: 1%
3 Years: 2%
1 Year: 5%
Return on Equity
10 Years: 4%
5 Years: -1%
3 Years: -1%
Last Year: 1%

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 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 14 14 14 14 14 14 14 14
Reserves 192 223 256 281 289 292 290 281 269 274 327
74 52 30 25 22 52 110 152 162 175 207
48 64 87 95 80 85 86 102 110 105 193
Total Liabilities 328 353 386 415 406 443 500 548 556 568 741
217 197 211 237 230 244 284 319 313 316 321
CWIP 1 3 12 2 8 20 21 11 17 27 43
Investments 2 49 49 49 48 46 46 42 43 44 96
108 103 115 127 119 133 148 177 183 181 281
Total Assets 328 353 386 415 406 443 500 548 556 568 741

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 Mar 2024 Mar 2025 Mar 2026
41 70 78 59 36 26 21 30 41 52 33
-24 -43 -45 -43 -27 -49 -71 -58 -30 -35 -41
-18 -25 -33 -17 -6 21 49 28 -9 -17 8
Net Cash Flow -1 2 -1 -1 3 -2 -1 0 1 -0 1
Free Cash Flow 14 40 29 16 11 -26 -49 -25 10 14 -19
CFO/OP 84% 115% 117% 98% 95% 87% 68% 88% 108% 94% 84%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 46 52 51 52 41 68 48 46 47 48 67
Inventory Days 84 47 61 82 96 92 88 97 88 79 111
Days Payable 48 49 60 73 81 98 76 81 73 87 115
Cash Conversion Cycle 82 49 51 60 56 62 60 63 62 40 63
Working Capital Days 35 23 17 24 26 42 25 -2 -13 -19 4
ROCE % 17% 22% 17% 8% 2% 2% 2% 2% 6% 4%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2023 Mar 2024 Mar 2025
Number of Operating Facilities
Number

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Number of SKUs - Consolidated
Number
Consolidated Capacity Utilization - Automotive Parts
%
Number of Distribution Partners (Aftermarket - Elpis)
Number ・Standalone data
Parts Shipped Per Day
Number
Capacity Utilization - Tool Business (Meraki)
% ・Standalone data
Lifetime Order Book Value
INR Crores
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
65.01% 65.01% 65.01% 65.01% 64.60% 64.60% 64.60% 64.60% 64.47% 64.47% 64.47% 64.47%
5.70% 5.70% 5.70% 5.75% 5.67% 5.76% 5.67% 5.67% 5.65% 5.65% 5.69% 5.66%
29.30% 29.30% 29.29% 29.23% 29.73% 29.64% 29.73% 29.73% 29.86% 29.86% 29.82% 29.85%
No. of Shareholders 16,86016,48216,65416,93917,02417,09717,56817,10316,09315,75215,45015,228

* 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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