PPAP Automotive Limited

PPAP Automotive Limited

215.83
INR
-8.93
(-3.97%)
32.64EPS
7.24P/E
3.35BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
176.25
227.5
227.59
245.19
283.98
288.69
255.27
228.91
297.81
364.63
372.1
392.11
400.4
427.91
Basic EPS, GAAP
3.9
8.59
10.02
19.97
28.08
24.1
13
1.5
-0.56
-4.25
-9.31
4.97
30.61
32.67
Free Cash Flow per Basic Share
-0.78
-7.01
9.98
28.24
19.28
10.48
6.97
-18.53
-35.23
-17.92
6.91
8.61
-16.05
- -
Dividend per Share
- -
- -
- -
2.71
4.51
5.42
6.63
- -
1
2.5
0.5
2.25
2.5
- -
Book Value per Share
134.93
141.8
151.75
168.99
192.64
211.01
216.59
218.7
217.06
210.53
202.07
204.38
241.67
- -
Tangible Book Value per Share
129.21
135.75
146.26
164.43
188.24
205.45
210.49
212.12
210.26
203.4
193.91
195.81
230.91
- -
Basic Weighted Avg Shares
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Sales/Revenue/Turnover
2,468
3,185
3,186
3,433
3,976
4,042
3,574
3,205
4,169
5,105
5,209
5,521
5,651
6,068
Operating Margin (%)
3.33
5.91
9.2
12.32
14.85
12.74
7.3
2.62
2.3
2.69
1.14
4.21
2.93
3.06
Depreciation Expense
197
215
247
244
260
260
257
265
295
311
341
344
355
360
Net Income, GAAP
55
120
140
280
393
337
182
21
-8
-59
-130
70
432
463
Effective Tax Rate (%)
31.95
24.04
34.83
31.69
33.32
30.51
17.41
35.06
709.74
- -
- -
21.06
14.16
14.84
Profit Margin (%)
2.21
3.78
4.4
8.15
9.89
8.35
5.09
0.65
-0.19
-1.16
-2.5
1.27
7.64
7.64
Working Capital
127
192
298
260
197
266
320
386
319
32
-104
-225
82
- -
LT Debt
151
507
398
277
164
129
120
446
797
803
756
675
442
- -
Total Equity
1,889
1,985
2,125
2,366
2,697
2,954
3,032
3,062
3,039
2,947
2,829
2,879
3,411
- -
Return on Invested Capital (%)
2.57
4.88
5.11
9.15
13.13
11.46
6.62
1.59
-15.28
- -
- -
4.09
11.28
- -
Return on Capital (%)
3.54
7.07
6.94
11.11
14.25
11.78
6.31
1.33
-10.38
- -
- -
4.4
11.49
- -
Return on Common Equity (%)
2.93
6.21
6.83
12.45
15.53
11.94
6.08
0.69
-0.26
-1.99
-4.51
2.45
13.73
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,632
- -
LT Borrowings
- -
409
- -
LT Finance Leases
- -
33
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
3,003
2,498
3,350

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,489
- -
Cash, Cash Equivalents & STI
- -
990
- -
Accounts Receivable, Net
- -
1,038
- -
Inventories
- -
967
- -
Total Current Liabilities
- -
3,407
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,632
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.1%
2.49%
18.48%
Free Cash Flow
-65.26%
-71.78%
-286.69%
Net Income, GAAP
99.06%
199.88%
517.31%
Sales/Revenue/Turnover
6.62%
12.58%
2.36%
Total Cash Common Dividend
- -
- -
11.34%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,227
1,449
1,392
1,472
5,521
2026
1,166
1,370
1,389
1,746
5,651
2027
1,564
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.07
2.04
1.14
1.72
4.97
2026
-1.61
-0.03
0.05
32.2
30.61
2027
0.61
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.25
2026
- -
- -
- -
- -
2.5
2027
- -
- -
- -
- -
- -

Company Description

CEO
Abhishek Jain
Full Time Employees
2,110
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
B-206A, Sector 81 Noida UP India 201305
IPO Date
Dec 17, 2007
Website
ppapco.in
Business
PPAP Automotive Limited, founded in 1978 and headquartered in Delhi, India, specializes in manufacturing custom plastic and rubber extrusion systems as well as plastic injection molding technologies for the automotive and ancillary industries. The company’s core product portfolio includes automotive sealing systems, interior and exterior injection-molded components, body sealing systems, and aftermarket products such as body side moldings and weather strips. PPAP also develops high-precision plastic injection tooling, serving multiple sectors including automotive, medical, electronics, and household industries. Recently, the company has expanded its offerings into Li-Ion battery pack solutions focusing on both mobility and energy storage applications, aligning with the industry’s trend towards electrification. PPAP services a broad range of customers spanning passenger vehicles, commercial vehicles, and two-wheelers, with operations that include design, product validation, tool development, and full build-to-print manufacturing solutions. In terms of recent developments, PPAP Automotive has been actively enhancing its operational efficiency while focusing on expanding its order book despite some revenue fluctuations reported in 2025. Additionally, the company has made strategic investments, notably funding Motovolt Mobility Pvt Ltd, a move that reflects its growing interest in electrification and advanced mobility solutions. PPAP has also consolidated its plastic injection tooling division into a separate profit center to serve expanding customer bases more effectively. Its ongoing emphasis on innovation and product diversification positions it to cater to emerging automotive segments and industrial applications. The company’s financial performance in 2025 noted challenges in sales growth with slight declines in quarterly revenues, but it continues to maintain a diversified product and service portfolio to support a wide array of OEM customers. PPAP Automotive operates primarily in India but supplies to major OEMs across various vehicle segments, including passenger, commercial, and two-wheeler vehicles. Its industry focus encompasses automotive components manufacturing, industrial solutions, and injection tooling technology. Substantial investments in R&D and strategic partnerships underpin its efforts to stay competitive in the evolving automotive ecosystem, especially with the shift towards electric vehicle technologies. The company’s integrated operations offer comprehensive support from product design to final validation, emphasizing zero-defect output and sustainability initiatives.