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 ₹ 890 Cr.
- Current Price ₹ 124
- 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: | -31% |
| 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
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Investor meet scheduled on 17th December, 2025 at 09:00 AM at Mumbai.
-
Announcement under Regulation 30 (LODR)-Change in Management
9 Dec - Nominee Director Rakesh Kumar Bhutoria resigned effective close of 08-Dec-2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
9 Dec - Nominee director Rakesh Kumar Bhutoria (DIN 08449728) resigned effective close of business 08-Dec-2025.
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Announcement under Regulation 30 (LODR)-Resignation of Director
9 Dec - Rakesh Kumar Bhutoria resigned as Nominee Director effective close of business 08-Dec-2025; resignation due to personal reasons (stated).
-
Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding Corporate Guarantee.
3 Dec - Continuing corporate guarantee of Rs.18.75 crore to Bank of Baroda for subsidiary’s dealer finance overdraft renewal (03-Dec-2025).
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.