Popular Vehicles & Services Ltd
Incorporated in 1983, Popular Vehicles and Services Ltd is in the business of sale and
service of automobiles, spare parts, finance and insurance commission[1]
- Market Cap ₹ 957 Cr.
- Current Price ₹ 134
- High / Low ₹ 187 / 86.8
- Stock P/E
- Book Value ₹ 60.8
- Dividend Yield 0.00 %
- ROCE 1.13 %
- ROE -7.12 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.98% over past five years.
- Company has a low return on equity of 1.78% over last 3 years.
- Earnings include an other income of Rs.19.4 Cr.
* 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 Automobiles Auto Dealer
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2,253 | 1,839 | 1,692 | 1,866 | 2,514 | 2,644 | 2,577 | 2,476 | |
| 2,210 | 1,782 | 1,607 | 1,783 | 2,394 | 2,527 | 2,535 | 2,456 | |
| Operating Profit | 43 | 57 | 84 | 82 | 119 | 117 | 42 | 21 |
| OPM % | 2% | 3% | 5% | 4% | 5% | 4% | 2% | 1% |
| 13 | 32 | 12 | 12 | 10 | 19 | 22 | 19 | |
| Interest | 21 | 43 | 35 | 39 | 45 | 57 | 53 | 58 |
| Depreciation | 16 | 36 | 39 | 42 | 46 | 48 | 53 | 57 |
| Profit before tax | 19 | 10 | 22 | 14 | 39 | 31 | -42 | -75 |
| Tax % | 35% | -38% | 29% | 49% | 25% | 16% | -19% | |
| 12 | 13 | 16 | 7 | 29 | 26 | -34 | -59 | |
| EPS in Rs | 9.79 | 10.72 | 12.64 | 5.56 | 23.39 | 3.63 | -4.72 | -8.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 14% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 11% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -509% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 2% |
| Last Year: | -7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 |
| Reserves | 170 | 169 | 184 | 192 | 220 | 478 | 441 | 419 |
| 266 | 380 | 378 | 482 | 508 | 463 | 596 | 715 | |
| 138 | 215 | 133 | 138 | 115 | 270 | 184 | 261 | |
| Total Liabilities | 587 | 777 | 707 | 824 | 856 | 1,225 | 1,234 | 1,408 |
| 132 | 285 | 288 | 385 | 387 | 427 | 464 | 504 | |
| CWIP | 28 | 23 | 16 | 12 | 6 | 13 | 8 | 10 |
| Investments | 50 | 70 | 62 | 62 | 93 | 111 | 115 | 163 |
| 377 | 398 | 341 | 365 | 371 | 674 | 647 | 731 | |
| Total Assets | 587 | 777 | 707 | 824 | 856 | 1,225 | 1,234 | 1,408 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -73 | 147 | 75 | 27 | 86 | 115 | -39 | |
| -37 | -28 | 2 | -27 | -57 | -176 | -12 | |
| 100 | -116 | -56 | -31 | -30 | 89 | 28 | |
| Net Cash Flow | -9 | 3 | 21 | -30 | -1 | 28 | -23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 10 | 19 | 13 | 12 | 12 | 10 |
| Inventory Days | 34 | 52 | 38 | 48 | 35 | 50 | 54 |
| Days Payable | 7 | 29 | 9 | 12 | 7 | 19 | 9 |
| Cash Conversion Cycle | 46 | 33 | 47 | 49 | 40 | 44 | 54 |
| Working Capital Days | -6 | 26 | 3 | 4 | 0 | 4 | 3 |
| ROCE % | 5% | 10% | 8% | 12% | 10% | 1% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
27 Nov - Postal ballot to appoint Murali Narayanan as independent director from 29 Dec 2025; Rs100,000 sitting fee; up to 1% commission.
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding Extension Of Corporate Guarantee To The Subsidiary Prabal Motors Private Limited.
19 Nov - Continued corporate guarantee of Rs30 crore to Axis Bank for subsidiary Prabal Motors' inventory funding.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Nov - Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015 regarding the transcript of the earnings call.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Audio recording of Q2/H1 (ended Sept 30, 2025) earnings call (Nov 12, 2025) available on website.
Concalls
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Apr 2024TranscriptNotesPPTREC
Business Overview:[1]
Popular Vehicles is a Part of the Kuttukaran Group. PVSL is an integrated automobile dealership company engaged in new and pre-owned vehicle sales, servicing and repairs, spare parts distribution, and facilitation of third-party financial and insurance products.