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 ₹ 1,107 Cr.
- Current Price ₹ 155
- High / Low ₹ 187 / 86.8
- Stock P/E
- Book Value ₹ 63.9
- 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.22.2 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 | 2,531 | |
| 2,210 | 1,782 | 1,607 | 1,783 | 2,394 | 2,527 | 2,535 | 2,506 | |
| Operating Profit | 43 | 57 | 84 | 82 | 119 | 117 | 42 | 26 |
| OPM % | 2% | 3% | 5% | 4% | 5% | 4% | 2% | 1% |
| 13 | 32 | 12 | 12 | 10 | 19 | 22 | 22 | |
| Interest | 21 | 43 | 35 | 39 | 45 | 57 | 53 | 54 |
| Depreciation | 16 | 36 | 39 | 42 | 46 | 48 | 53 | 55 |
| Profit before tax | 19 | 10 | 22 | 14 | 39 | 31 | -42 | -61 |
| Tax % | 35% | -38% | 29% | 49% | 25% | 16% | -19% | |
| 12 | 13 | 16 | 7 | 29 | 26 | -34 | -48 | |
| EPS in Rs | 9.79 | 10.72 | 12.64 | 5.56 | 23.39 | 3.63 | -4.72 | -6.79 |
| 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: | -279% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -8% |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 14 | 14 |
| Reserves | 170 | 169 | 184 | 192 | 220 | 478 | 441 |
| 266 | 380 | 378 | 482 | 508 | 463 | 596 | |
| 138 | 215 | 133 | 138 | 115 | 270 | 184 | |
| Total Liabilities | 587 | 777 | 707 | 824 | 856 | 1,225 | 1,234 |
| 132 | 285 | 288 | 385 | 387 | 427 | 464 | |
| CWIP | 28 | 23 | 16 | 12 | 6 | 13 | 8 |
| Investments | 50 | 70 | 62 | 62 | 93 | 111 | 115 |
| 377 | 398 | 341 | 365 | 371 | 674 | 647 | |
| Total Assets | 587 | 777 | 707 | 824 | 856 | 1,225 | 1,234 |
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
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24h - Q2 FY26 earnings conference call on 12 Nov 2025 at 11:00 AM IST.
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Board Meeting Intimation for Approving The Financial Results For The Quarter And Half Year Ended 30Th September, 2025.
24h - Board meeting on 10 Nov 2025 to approve Q2/H1 results; ESOP consideration; trading window closed.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Oct - LOI for NEXA workshop in Perumbavoor; Rs2 Crore capex; 2 service, 3 bodyshop bays; ~500 monthly vehicles.
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Announcement Under Regulation 30 Of The SEBI (LODR),Regulations, 2015- Extending Corporate Guarantee To Kuttukaran Cars Private Limited, The Wholly Owned Subsidiary Of The Company.
27 Oct - Provided corporate guarantee of Rs.2,36,00,000 to South Indian Bank for Kuttukaran Cars Pvt Ltd, dated 27 Oct 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
23 Oct - CRISIL re-affirmed long-term CRISIL A/Stable and short-term CRISIL A1 for ₹468 Crore facilities on 23 Oct 2025.
Concalls
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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.