PPAP Automotive Limited

PPAP Automotive Limited

PPAP.NS
PPAP Automotive LimitedIN flagNational Stock Exchange of India
246.01
INR
-1.63
- -
3.47BMarket Cap
PPAP Automotive Limited
PPAP.NS
(National Stock Exchange of India)

Recent

price

246.01

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
- -
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
- -
30.5
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
- -
- -
Free Cash Flow per Basic Share
5.84
2
- -
- -
- -
- -
2.71
4.51
5.42
6.63
- -
1
2.5
0.5
2.25
- -
- -
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
- -
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
- -
230.18
Tangible Book Value per Share
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
2,984
3,009
2,506

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
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
2.25
2026
- -
- -
- -
- -
- -
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.