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 ₹ 610 Cr.
- Current Price ₹ 85.7
- High / Low ₹ 163 / 78.5
- 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.17.7 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
Part of BSE Allcap BSE Consumer Discretionary
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 | 2,707 | |
| 2,210 | 1,782 | 1,607 | 1,783 | 2,394 | 2,527 | 2,535 | 2,668 | |
| Operating Profit | 43 | 57 | 84 | 82 | 119 | 117 | 42 | 39 |
| OPM % | 2% | 3% | 5% | 4% | 5% | 4% | 2% | 1% |
| 13 | 32 | 12 | 12 | 10 | 19 | 22 | 18 | |
| Interest | 21 | 43 | 35 | 39 | 45 | 57 | 53 | 62 |
| Depreciation | 16 | 36 | 39 | 42 | 46 | 48 | 53 | 68 |
| Profit before tax | 19 | 10 | 22 | 14 | 39 | 31 | -42 | -73 |
| Tax % | 35% | -38% | 29% | 49% | 25% | 16% | -19% | |
| 12 | 13 | 16 | 7 | 29 | 26 | -34 | -57 | |
| EPS in Rs | 9.79 | 10.72 | 12.64 | 5.56 | 23.39 | 3.63 | -4.72 | -8.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 14% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 11% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1905% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -12% |
| 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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Average Selling Price - New Vehicles INR |
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| New Vehicle Sales Volume Units |
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| Pre-Owned Vehicle Sales Volume Units |
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| Service Volume (Vehicles Serviced) Units |
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| Spare Parts Retail Outlets Number |
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| Total Service Centres Number |
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| Total Showrooms Number |
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Documents
Announcements
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding Corporate Guarantee To Wholly Owned Subsidiaries.
11 Mar - Continued corporate guarantees: Rs21.595 crore to Popular Mega Motors; Rs22.00 crore to Popular Auto Dealers (11 Mar 2026)
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Mar - Investor conference rescheduled from 09-Mar-2026 02:00 to 11-Mar-2026 02:00; public info.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Mar - Investor conference moved from 09-Mar-2026 02:00 PM to 11-Mar-2026 02:00 PM; no UPSI.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Mar - Management to attend Arihant Capital Bharat Connect virtual conference on 09 Mar 2026, 2:00 PM.
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Regarding Extending Corporate Guarantee To The Wholly Owned Subsidiary- Popular Mega Motors (India) Private Limited.
2 Mar - Extended corporate guarantee totalling Rs.15,00,00,000 to Axis Bank for Popular Mega Motors (02-Mar-2026).
Concalls
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Feb 2026Transcript PPT
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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.