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 ₹ 864 Cr.
- Current Price ₹ 121
- High / Low ₹ 163 / 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: | -19% |
| 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
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jan
-
Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding Providing Collateral Security And Extending Corporate Guarantee To The Step Down Subsidiary Imperion Cars Private Limited.
7 Jan - On Jan 7, 2026 provided collateral and corporate guarantee to HDFC for Rs.40.5 crore to Imperion Cars.
-
Announcement under Regulation 30 (LODR)-Credit Rating
6 Jan - India Ratings affirmed Popular Auto Dealers' bank facilities at IND A-/Stable/IND A1 on Jan 6, 2026.
-
Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 For Providing Corporate Guarantee To The Step Down Subsidiary- Imperion Cars Private Limited.
5 Jan - Extended corporate guarantee of Rs 5,00,00,000 to Imperion Cars Pvt Ltd for Axis Bank inventory funding.
-
Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding The Execution Of Asset Purchase Agreement Between Step Down Subsidiary Of The Entity Imperion Cars Private Limited (Buyer) And Olympus Motors Private Limited (Seller).
31 Dec - 31-Dec-2025: Imperion buys Audi dealership assets from Olympus for Rs9.75 crore; assets generate Rs120–150 crore revenue
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 2024TranscriptAI SummaryPPTREC
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.