BSE: 544144 | NSE: PVSL | Automobiles - Dealers & Distributors | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Popular Vehicles & Services Ltd is a average quality company.
The key valuation ratios of Popular Vehicles & Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Popular Vehicles & Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.8% | 10.4% | 16.8% | 15.2% | 10.8% | 12.4% | 14.6% | 12.9% | 18.8% | 15.5% | - |
| Value Creation Index ⓘ | -0.1 | -0.3 | 0.2 | 0.1 | -0.2 | -0.1 | 0.1 | -0.1 | 0.3 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,738 | 1,989 | 2,331 | 2,261 | 2,253 | 1,839 | 1,692 | 1,866 | 2,514 | 2,644 | 2,616 |
| Sales YoY Gr. | - | 14.4% | 17.2% | -3% | -0.4% | -18.4% | -8% | 10.3% | 34.7% | 5.2% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 2 | -0.8 | 2.6 | 1.1 | 4.9 | 3.2 | 2.1 |
| YoY Gr. | - | -100% | NA | -33.3% | 9950% | -137.8% | NA | -59% | 362.9% | -34.2% | - |
| BVPS (₹) ⓘ | 17.2 | 17.7 | 28.6 | 31.8 | 29.1 | 28.9 | 31.4 | 32.5 | 37.1 | 69.2 | 69 |
| Adj Net Profit ⓘ | 5.8 | 1.4 | 21.8 | 17.2 | 12.6 | -4.8 | 16 | 6.6 | 30.5 | 22.8 | 15 |
| Cash Flow from Ops. ⓘ | 0.5 | 93.7 | 110 | -2.7 | -72.8 | 147 | 75.2 | 27.3 | 85.5 | 115 | - |
| Debt/CF from Ops. ⓘ | 589.2 | 2.7 | 0.8 | -56.6 | -3.8 | 1.4 | 2.6 | 7.9 | 2.8 | 1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.8% | 3.3% | 16.1% | 5.2% | ||||
| Adj EPS ⓘ | 89.8% | 9.8% | 7.7% | -34.2% | ||||
| BVPSⓘ | 16.7% | 18.9% | 30.2% | 86.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.9 | 2.6 | 20.9 | 10.7 | 7.2 | -2.6 | 8.5 | 3.3 | 14 | 6.3 | 3 |
| Op. Profit Mgn % ⓘ | 2.4 | 1.8 | 2.5 | 2.3 | 2 | 3.1 | 5 | 4.4 | 4.7 | 4.4 | 3.6 |
| Net Profit Mgn % ⓘ | 0.3 | 0.1 | 0.9 | 0.8 | 0.6 | -0.3 | 1 | 0.4 | 1.2 | 0.9 | 0.6 |
| Debt to Equity ⓘ | 4.8 | 4.5 | 0.6 | 0.9 | 1.5 | 1.2 | 1 | 1.1 | 1 | 0.4 | 0 |
| Working Cap Days ⓘ | 51 | 50 | 38 | 37 | 49 | 72 | 69 | 61 | 49 | 66 | 37 |
| Cash Conv. Cycle ⓘ | 40 | 35 | 24 | 24 | 34 | 40 | 34 | 39 | 32 | 34 | 5 |
Sales growth is growing at healthy rate in last 3 years 16.05%
Debt to equity has declined versus last 3 years average to 0.35
Return on Equity has declined versus last 3 years average to 3.00%
Net Profit has been subdued in last 3 years 7.72%
Sales growth is not so good in last 4 quarters at -0.29%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 6.9 |
| TTM Sales (₹ Cr.) | 2,616 | 5,585 |
| BVPS (₹.) ⓘ | 69 | 93 |
| Reserves (₹ Cr.) ⓘ | 477 | 648 |
| P/BV ⓘ | 2.29 | 1.70 |
| PE ⓘ | 76.93 | 22.94 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 152.50 / 296.35 |
| All Time Low / High (₹) | 152.50 / 296.35 |
| Market Cap (₹ Cr.) | 1,125 |
| Equity (₹ Cr.) | 14.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 71.6 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,738 | 1,989 | 2,331 | 2,261 | 2,253 | 1,839 | 1,692 | 1,866 | 2,514 | 2,644 |
| Operating Expenses ⓘ | 1,697 | 1,953 | 2,275 | 2,208 | 2,207 | 1,782 | 1,608 | 1,783 | 2,396 | 2,527 |
| Manufacturing Costs | 25 | 23 | 25 | 22 | 23 | 40 | 27 | 40 | 55 | 61 |
| Material Costs | 1,511 | 1,747 | 2,064 | 1,967 | 1,927 | 1,525 | 1,401 | 1,527 | 2,053 | 2,148 |
| Employee Cost | 92 | 98 | 111 | 135 | 158 | 159 | 137 | 158 | 200 | 225 |
| Other Costs ⓘ | 68 | 85 | 74 | 84 | 98 | 58 | 42 | 58 | 88 | 93 |
| Operating Profit ⓘ | 42 | 36 | 57 | 53 | 45 | 57 | 84 | 82 | 118 | 117 |
| Operating Profit Margin (%) | 2.4% | 1.8% | 2.4% | 2.3% | 2.0% | 3.1% | 5.0% | 4.4% | 4.7% | 4.4% |
| Other Income ⓘ | 3 | 5 | 4 | 6 | 13 | 5 | 13 | 12 | 12 | 18 |
| Interest ⓘ | 29 | 31 | 15 | 15 | 23 | 43 | 35 | 39 | 45 | 57 |
| Depreciation ⓘ | 7 | 8 | 15 | 16 | 16 | 36 | 39 | 42 | 46 | 48 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 26 | 0 | 0 | 0 | 2 |
| Profit Before Tax ⓘ | 9 | 2 | 32 | 28 | 19 | 10 | 22 | 14 | 39 | 31 |
| Tax ⓘ | 2 | 1 | 11 | 10 | 7 | -4 | 6 | 7 | 10 | 5 |
| Profit After Tax | 6 | 2 | 21 | 18 | 12 | 13 | 16 | 7 | 29 | 26 |
| PAT Margin (%) | 0.4% | 0.1% | 0.9% | 0.8% | 0.5% | 0.7% | 0.9% | 0.4% | 1.2% | 1.0% |
| Adjusted EPS (₹) | 2.0 | 0.5 | 3.9 | 3.3 | 2.0 | 2.1 | 2.5 | 1.1 | 4.7 | 3.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 55 | 57 | 153 | 170 | 182 | 182 | 197 | 204 | 233 | 492 |
| Share Capital ⓘ | 2 | 2 | 3 | 3 | 13 | 13 | 13 | 13 | 13 | 14 |
| Reserves ⓘ | 53 | 55 | 149 | 166 | 170 | 169 | 184 | 192 | 220 | 478 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 253 | 241 | 74 | 143 | 266 | 201 | 188 | 198 | 221 | 166 |
| Long Term Debt | 23 | 102 | 22 | 16 | 22 | 29 | 67 | 60 | 59 | 4 |
| Short Term Debt | 231 | 139 | 52 | 127 | 244 | 172 | 121 | 138 | 162 | 162 |
| Trade Payables | 32 | 26 | 21 | 13 | 39 | 120 | 34 | 50 | 40 | 109 |
| Others Liabilities ⓘ | 61 | 91 | 120 | 93 | 94 | 262 | 278 | 362 | 348 | 444 |
| Total Liabilities ⓘ | 402 | 414 | 368 | 419 | 581 | 765 | 696 | 814 | 842 | 1,211 |
Fixed Assets | ||||||||||
| Gross Block | 147 | 173 | 139 | 154 | 169 | 353 | 374 | 461 | 468 | 550 |
| Accumulated Depreciation | 55 | 61 | 13 | 27 | 36 | 68 | 87 | 76 | 82 | 123 |
| Net Fixed Assetsⓘ | 92 | 111 | 126 | 127 | 132 | 285 | 288 | 385 | 387 | 427 |
| CWIP ⓘ | 0 | 0 | 1 | 12 | 28 | 23 | 16 | 12 | 6 | 13 |
| Investmentsⓘ | 12 | 14 | 13 | 13 | 50 | 70 | 62 | 62 | 93 | 111 |
| Inventories | 145 | 110 | 68 | 79 | 178 | 216 | 143 | 200 | 196 | 292 |
| Trade Receivables | 97 | 86 | 88 | 93 | 121 | 51 | 86 | 66 | 81 | 89 |
| Cash Equivalents | 28 | 18 | 12 | 26 | 13 | 16 | 38 | 5 | 7 | 35 |
| Others Assetsⓘ | 27 | 76 | 61 | 69 | 59 | 102 | 64 | 83 | 72 | 243 |
| Total Assets ⓘ | 402 | 414 | 368 | 419 | 581 | 765 | 696 | 814 | 842 | 1,211 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 94 | 110 | -3 | -73 | 147 | 75 | 27 | 86 | 115 |
| PBT ⓘ | 9 | 2 | 32 | 28 | 19 | -16 | 22 | 14 | 39 | 29 |
| Adjustment ⓘ | 39 | 37 | 28 | 25 | 27 | 75 | 64 | 71 | 86 | 93 |
| Changes in Working Capital ⓘ | -44 | 59 | 55 | -45 | -111 | 93 | -12 | -50 | -25 | 3 |
| Tax Paid ⓘ | -3 | -5 | -6 | -11 | -8 | -5 | 1 | -7 | -15 | -10 |
| Cash Flow From Investing Activity ⓘ | -6 | -64 | -1 | -37 | -37 | -28 | 2 | -27 | -57 | -176 |
| Capex | -7 | -26 | -15 | -29 | -39 | -1 | -9 | -30 | -28 | -49 |
| Net Investments | 0 | 5 | 0 | 0 | -37 | -9 | 9 | 0 | 1 | -17 |
| Others ⓘ | 1 | -43 | 14 | -8 | 39 | -18 | 3 | 4 | -30 | -109 |
| Cash Flow From Financing Activityⓘ | 18 | -42 | -115 | 52 | 100 | -116 | -56 | -31 | -30 | 89 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 232 |
| Net Proceeds from Borrowing ⓘ | 1 | 0 | -10 | 0 | 20 | 6 | 40 | 0 | 3 | -71 |
| Interest Paid ⓘ | 0 | -29 | -13 | -13 | -21 | -24 | -17 | -16 | -42 | -56 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 18 | -12 | -92 | 65 | 101 | -98 | -79 | -15 | 10 | -16 |
| Net Cash Flow ⓘ | 13 | -12 | -6 | 12 | -9 | 3 | 21 | -30 | -1 | 28 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.82 | 2.78 | 20.09 | 10.93 | 6.97 | 7.39 | 8.38 | 3.48 | 13.43 | 7.12 |
| ROCE (%) | 12.82 | 10.41 | 16.82 | 15.2 | 10.83 | 12.43 | 14.63 | 12.94 | 18.82 | 15.49 |
| Asset Turnover Ratio | 4.68 | 4.88 | 5.96 | 5.74 | 4.5 | 2.73 | 2.39 | 2.54 | 3.1 | 2.63 |
| PAT to CFO Conversion(x) | 0 | 47 | 5.24 | -0.17 | -6.08 | 11.31 | 4.69 | 3.86 | 2.97 | 4.42 | Working Capital Days |
| Receivable Days | 18 | 17 | 14 | 15 | 17 | 17 | 14 | 14 | 10 | 12 |
| Inventory Days | 28 | 23 | 14 | 12 | 21 | 39 | 38 | 33 | 28 | 33 |
| Payable Days | 7 | 6 | 4 | 3 | 5 | 19 | 20 | 10 | 8 | 13 |
The company was originally incorporated as Popular Vehicles and Services Limited on July 5, 1983 at Kochi, Ernakulam, Kerala, India as a public limited company under the Companies Act, 1956 and received its certificate for commencement of business on July 14, 1983. The company was converted to a private limited company pursuant to a special resolution passed by its Shareholders at the Extraordinary General Meeting (EGM) held on December 29, 2014 and the name of the company was changed to Popular Vehicles and Services Private Limited. A fresh certificate of incorporation consequent upon conversion of the company to a private limited company was issued on March 24, 2015 by the Registrar of Companies, Kerala at Ernakulam (RoC). The company was subsequently converted into a public limited company pursuant to a special resolution passed by its Shareholders at the EGM held on June 11, 2018 and the name of the company was changed to Popular Vehicles and Services Limited. A fresh certificate of incorporation consequent upon conversion of the company to a public limited company was issued on July 10, 2018 by the RoC.
The company is a diversified automobile dealership in India, having a fully integrated business model. The company caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, to facilitating sale and exchange of pre-owned vehicles, operating driving schools and facilitating the sale of third-party financial and insurance products. It categorises its automobile dealership business into three key segments, namely, (a) passenger vehicles including luxury vehicles, (b) commercial vehicles and (c) electric two-wheeler and three-wheeler vehicles.
The company operate (a) passenger vehicle dealerships covering economy, premium and luxury vehicles across its dealerships for the following OEMs: (i) Maruti Suzuki India (Maruti Suzuki) for both Arena and Nexa, through the Company, (ii) Honda Cars India (Honda) through its Subsidiary, VMPL, and (iii) Jaguar Land Rover India (JLR) through its Subsidiary, PAWL; (b) commercial vehicle dealerships of (i) Tata Motors (Tata Motors (Commercial)), through its Subsidiary, PMMIL and (ii) Daimler India Commercial Vehicles (BharatBenz), through its Subsidiary, PMPL; and (c) electric three-wheeler vehicle dealership of Piaggio Vehicles, including commercial and cargo vehicles (Piaggio), through its Subsidiary, KGPL and electric two-wheeler vehicle dealership of Ather Energy (Ather), through its Subsidiary, KCPL.
Business area of the company
The company is engaged in the business of automobile dealerships in India. It provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
Awards, accreditations and accolades
Major events and milestones
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