1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Dealerships
Popular Vehicles and Services Limited

Popular Vehicles and Services Limited

PVSL.NS
Popular Vehicles and Services LimitedIN flagNational Stock Exchange of India
93.25
INR
-1.13
- -
6.64BMarket Cap
Popular Vehicles and Services Limited
PVSL.NS
(National Stock Exchange of India)

Recent

price

93.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
514.59
416.25
385.62
463.02
655.96
850.76
778.52
895.22
886.06
Revenue per Share
3
1.75
4.56
4.73
9
12.05
-1.47
-1.75
-1.73
Basic EPS, GAAP
-14.76
39.38
9.23
3.03
7.33
-0.12
13.63
-0.28
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.5
- -
- -
Dividend per Share
18.17
20.26
24.93
29.69
38.56
56.09
47.7
2
1.98
Book Value per Share
26.92
29.1
33.68
38.6
43.96
99.36
86.66
85.21
84.34
Tangible Book Value per Share
71
71
71
71
71
63
71
71
72
Basic Weighted Avg Shares
36,639
29,637
27,456
32,967
46,704
53,717
55,412
63,811
63,812
Sales/Revenue/Turnover
0.96
-0.05
1.52
1.65
1.94
1.96
1.07
0.97
0.97
Operating Margin (%)
482
611
725
693
794
919
988
1,273
1,273
Depreciation Expense
214
125
325
337
641
761
-105
-125
-125
Net Income, GAAP
32.48
- -
31.32
30.65
24.5
22.14
- -
- -
95.1
Effective Tax Rate (%)
0.58
0.42
1.18
1.02
1.37
1.42
-0.19
-0.2
-0.2
Profit Margin (%)
-252
-452
749
849
720
2,833
2,592
405
405
Working Capital
2,669
3,130
3,558
4,451
4,909
4,590
4,616
7,003
7,003
LT Debt
1,978
2,128
2,460
2,799
3,430
6,532
6,388
6,278
6,278
Total Equity
- -
- -
3.29
3.92
5.93
5.75
- -
- -
- -
Return on Invested Capital (%)
- -
- -
8.42
8.31
10.61
12.03
- -
- -
10.93
Return on Capital (%)
- -
9.13
20.17
17.32
26.37
24.2
-3.02
-7.05
-7.05
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
5,894
- -
7,052
LT Borrowings
71
- -
475
LT Finance Leases
5,148
- -
6,528
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
71
- -
71
Market Capitalization
10,352
8,136
6,195

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
12,212
- -
10,887
Cash, Cash Equivalents & STI
1,130
- -
785
Accounts Receivable, Net
2,317
- -
2,594
Inventories
7,106
- -
6,174
Total Current Liabilities
10,242
- -
10,482
Payables & Accruals
- -
- -
- -
ST Debt
5,894
- -
7,052
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
24.57%
-1.71%
Free Cash Flow
- -
-2,508.37%
-102.08%
Net Income, GAAP
- -
3.65%
19.22%
Sales/Revenue/Turnover
- -
19.02%
15.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,060
16,290
14,168
11,199
53,717
2025
12,914
15,127
13,647
13,724
55,412
2026
13,109
15,304
17,854
17,545
63,811

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.09
4.53
2.24
- -
12.05
2025
0.77
1.06
-1.37
-1.93
-1.47
2026
-1.23
0.08
0.09
-0.7
-1.75

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
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Business
Popular Vehicles and Services Limited (PVSL.NS), part of the Kuttukaran Group, operates as a leading multi-brand automobile dealership in India, focusing on the sale, service, and repair of passenger vehicles, commercial vehicles, and electric two- and three-wheelers; distribution of spare parts and accessories; sale and exchange of pre-owned passenger vehicles; facilitation of third-party financial and insurance products; and operation of driving schools. The company offers Maruti Suzuki Arena and Nexa models, Honda passenger vehicles, Jaguar Land Rover luxury vehicles, Tata Motors and BharatBenz commercial vehicles, Piaggio three-wheelers, and Ather Energy two-wheelers through 61 showrooms, 32 pre-owned outlets, 142 service centers, 68 spare parts touchpoints including 44 retail outlets and 24 warehouses, and 7 driving schools across Kerala, Tamil Nadu, Karnataka, and Maharashtra. Incorporated in 1983 and headquartered in Kochi, Kerala, Popular Vehicles maintains top rankings among Indian dealerships, including fifth for Maruti Suzuki passenger vehicle sales by volume, first for Maruti Suzuki service volume in Kerala, and strong positions with other OEMs as of fiscal 2023. Recent developments include the October 2025 board approval for the acquisition of R.K.S. Motor Private Limited, a Maruti Suzuki dealership in Telangana, for up to INR 93 crore via slump sale, expected to complete by October 31, 2025, to expand into a new market and strengthen Maruti Suzuki ties; the incorporation of a new step-down subsidiary under Popular Mega Motors (India) Private Limited for a spare parts and accessories e-commerce platform; and evaluation of adding a new luxury dealership brand. In August 2025, subsidiary Prabal Motors Private Limited acquired a BharatBenz dealership in Punjab from Globe CV for INR 12 crore, gaining exclusive rights and eight facilities to bolster northern India presence. The company listed publicly on BSE and NSE in March 2024, received credit rating upgrades for itself and subsidiaries like Popular Autoworks and Prabal Motors in 2025, and earned awards such as the FADA Dealership Excellence Award 2024 and multiple Maruti Suzuki Platinum Band recognitions for subsidiaries.