1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
PPAP Automotive Limited

PPAP Automotive Limited

PPAP.BO
PPAP Automotive LimitedIN flagBombay Stock Exchange
245.75
INR
-3.60
- -
3.46BMarket Cap
PPAP Automotive Limited
PPAP.BO
(Bombay Stock Exchange)

Recent

price

245.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
145.55
131.89
153.88
176.25
227.5
227.59
245.19
283.98
288.69
255.27
228.91
297.81
364.63
372.1
393.51
401.85
400.45
Revenue per Share
19.4
9.2
1.1
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
30.5
Basic EPS, GAAP
32.41
-9.79
-9.77
-0.78
-7.01
9.98
28.24
19.28
10.48
6.97
-18.53
-35.23
-17.92
6.91
8.62
-16.05
- -
Free Cash Flow per Basic Share
5.84
2
- -
- -
- -
- -
2.71
4.51
5.42
6.63
- -
1
2.5
0.5
2.25
2.5
- -
Dividend per Share
10
73.06
74.16
78.06
84.6
93.47
110.71
134.36
152.73
158.31
160.86
159.3
152.55
142.74
144.72
10
9.97
Book Value per Share
117.37
125.76
125.24
129.21
135.75
146.26
164.43
188.24
205.45
210.49
212.12
210.26
203.4
193.91
195.92
230.98
230.18
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Basic Weighted Avg Shares
2,038
1,846
2,154
2,468
3,185
3,186
3,433
3,976
4,042
3,574
3,205
4,169
5,105
5,209
5,540
5,671
5,671
Sales/Revenue/Turnover
18.19
7
-1.15
3.33
5.91
9.2
12.32
14.85
12.74
7.3
2.62
2.3
2.69
1.14
4.1
2.82
2.82
Operating Margin (%)
173
193
181
197
215
247
244
260
260
257
265
295
311
341
344
355
355
Depreciation Expense
272
129
15
55
120
140
280
393
337
182
21
-8
-59
-130
70
432
432
Net Income, GAAP
26.7
16.58
- -
31.95
24.04
34.83
31.69
33.32
30.51
17.41
35.06
709.74
- -
- -
21.06
14.16
14.16
Effective Tax Rate (%)
13.33
6.98
0.71
2.21
3.78
4.4
8.15
9.89
8.35
5.09
0.65
-0.19
-1.16
-2.5
1.26
7.62
7.62
Profit Margin (%)
387
519
412
127
192
298
260
197
266
320
386
319
32
-104
-225
82
82
Working Capital
54
30
1
151
507
398
277
164
129
120
446
797
803
756
675
442
442
LT Debt
1,690
1,819
1,834
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
3,411
Total Equity
15.25
6
- -
2.63
5.8
6.96
9.98
13.13
11.47
6.67
1.59
-15.13
- -
- -
3.96
2.72
2.72
Return on Invested Capital (%)
83.86
21.05
- -
5.67
10.46
9.83
15.55
19.73
15.99
8.45
1.75
-13.13
- -
- -
5.39
19.36
19.36
Return on Capital (%)
194.05
22.16
1.49
5.12
10.57
11.25
19.56
22.91
16.79
8.36
0.94
-0.35
-2.72
-6.31
3.47
39.65
39.65
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,327
- -
1,632
LT Borrowings
484
- -
409
LT Finance Leases
48
- -
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
- -
14
Market Capitalization
3,041
3,023
2,511

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,090
- -
3,489
Cash, Cash Equivalents & STI
268
- -
1,111
Accounts Receivable, Net
735
- -
1,038
Inventories
767
- -
967
Total Current Liabilities
2,650
- -
3,407
Payables & Accruals
- -
- -
- -
ST Debt
1,327
- -
1,632
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
6.66%
12.66%
2.35%
Total Cash Common Dividend
- -
69.84%
11.34%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,165
1,484
1,224
1,337
5,209
2025
1,227
1,449
1,392
1,472
5,540
2026
1,166
1,370
1,389
1,746
5,671

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.96
0.39
-1.91
- -
-9.31
2025
0.07
2.04
1.14
1.72
4.97
2026
-1.61
-0.03
0.05
32.2
30.61

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
2.25
2026
- -
- -
- -
- -
2.5
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Business
PPAP Automotive Limited manufactures and supplies automotive sealing systems, suspension systems, and precision-machined components primarily for the passenger vehicle, commercial vehicle, and two-wheeler segments in India. The company offers a comprehensive portfolio of products including metal and rubber seals such as O-rings, valve stem seals, timing belt covers, water pump housing seals, and crank shaft seals; suspension components like stabilizer links, suspension bushes, strut mounts, and engine mounts; and precision components comprising piston rings, circlips, and washers. It also provides value-added services like design and development, testing, and just-in-time delivery to original equipment manufacturers. Founded in 1981 and headquartered in Noida, India, PPAP Automotive operates manufacturing facilities across northern and southern India, serving major domestic automakers and expanding into export markets in Asia and Europe. In recent developments, the company secured new orders worth over INR 1,000 million from key OEMs for seals and suspension components in 2024, enhancing its revenue visibility; it also invested in capacity expansion at its Ranjangaon plant to support electric vehicle component production and formed a strategic technical collaboration with a global leader in sealing technology to bolster innovation in EV applications.