Ppap Automotive Limited
NSE: PPAP · Auto Components & Equipments · sector
₹206.33NSE close 2026-10-26
Key numbers
Market cap₹292 cr
Price₹206.33
52w high / low₹380 / ₹176
P/E6.3xSector median 24.3x
P/B0.9xSector median 3.3x
Book value₹241.0
Dividend yield1.20%Sector median 0.55%
ROE14.7%Sector median 14.0%
ROCE13.2%Sector median 15.8%
OPM17.2%Sector median 11.6%
Debt / equity0.59xSector median 0.28x
EV/EBITDA3.8xSector median 13.0x
Interest cover4.1x
Current ratio1.02x
Sales growth 3y+3.5%Sector median +9.0%
Profit growth 3y–Sector median +9.5%
PEG0.01x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹95 cr vs borrowings ₹201 cr (FY26): borrowings are higher by ₹105 cr.
- Borrowings rose in each of the last 3 years (₹151 cr → ₹201 cr).
- Operating profit covered interest 4.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Debtor days went from 51 (FY24) to 67 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹206.33 on 2026-10-26: -45.6% from the 52-week high, +17.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹328.54 · low ₹163.27
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 139 | 147 | 117 | 137 | 139 | 175 | 156 |
| EBITDA | 16 | 14 | 15 | 9 | 13 | 13 | 67 | 12 |
| OPM % | 11.3% | 10.0% | 10.2% | 8.0% | 9.3% | 9.0% | 38.2% | 7.9% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Net profit | 3 | 2 | 2 | -2 | -0 | 0 | 45 | 1 |
| EPS (₹) | 2.04 | 1.14 | 1.72 | -1.61 | -0.03 | 0.05 | 32.20 | 0.61 |
| Revenue YoY | -5.5% | -0.3% | +18.6% | +34.1% | ||||
| Profit YoY | -101.7% | -95.7% | +1,778.1% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 422 | 511 | 523 | 554 | 567 | 607 |
| EBITDA | 39 | 44 | 40 | 57 | 102 | 104 |
| Net profit | -1 | -6 | -13 | 7 | 43 | 46 |
| EPS (₹) | 0.56 | -4.25 | -9.31 | 4.97 | 30.61 | 32.83 |
| Revenue growth | +21.1% | +2.3% | +5.9% | +2.4% | +10.7% | |
| Profit growth | – | – | – | +517.0% | +902.5% | |
| Dividend / share (₹) | 1.00 | 2.50 | 0.50 | 2.25 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.5% | +12.0% | +10.7% |
| Net profit | – | +83.1% | +902.5% |
| EPS | – | +82.8% | – |
| Share price | – | +6.8% (2y) | -20.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 295 | 283 | 288 | 341 |
| Borrowings | – | 151 | 159 | 166 | 201 |
| Cash & equivalents | – | 5 | 8 | 6 | 95 |
| Total assets | – | 548 | 555 | 568 | 741 |
| Fixed assets | – | 310 | 300 | 298 | 306 |
| Capital work in progress | – | 9 | 15 | 24 | 43 |
| Investments | – | 37 | 37 | 39 | 3 |
| Receivables | – | 65 | 73 | 73 | 104 |
| Inventory | – | 76 | 69 | 61 | 97 |
| Payables | – | 63 | 57 | 67 | 100 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 28 | 35 | 41 | 52 | 14 |
| Cash from investing | -71 | -62 | -30 | -35 | -40 |
| Cash from financing | 42 | 28 | -9 | -17 | 28 |
| Capex | 70 | 55 | 31 | 13 | 56 |
| Free cash flow | -42 | -20 | 10 | 40 | -42 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -2.0% | -4.6% | 2.4% | 12.7% |
| ROCE % | – | 3.2% | 1.6% | 5.3% | 12.5% |
| Debtor days | – | 46 | 51 | 48 | 67 |
| Inventory days | – | 89 | 81 | 70 | 111 |
| Payable days | – | 74 | 67 | 77 | 115 |
| Cash conversion cycle (days) | – | 61 | 65 | 41 | 63 |
| Working capital days | – | 3 | -7 | -15 | 5 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.30% |
| FIIs | 5.66% |
| Public (non-institutions) | 30.03% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.61% | 64.61% | 64.48% | 64.48% | 64.48% | 64.48% | 64.30% | 64.30% |
| Promoter group | % |
|---|---|
| Ajay Kumar Jain | 27.32% |
| Kalindi Farms Private Limited | 22.61% |
| Abhishek Jain | 7.08% |
| Vinay Kumari Jain | 3.77% |
| Prism Suppliers Private Limited | 1.37% |
| Smart Commotrade Private Limited | 1.19% |
| Ajay Kumar Jain HUF(Karta-Ajay Kumar Jain) | 0.64% |
| Rashi Jain | 0.32% |
| Abhishek Jain HUF (Karta- Abhishek Jain) | 0.00% |
| Elpis Infrastructure Corporation Private Limited | 0.00% |
| V Care Crisis Consultants Private Limited | 0.00% |
| Charbhuja Real Estate Private Limited | 0.00% |
| Unatgagan Commodities Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Toacs Center Pte Limited | 5.64% |
| Manohar Devabhaktuni | 2.51% |
| Tokai Kogyo Company Limited | 1.59% |
16,356 shareholders. Pledged: 0.00% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| PPAP | ₹292 cr | 6.3x | 0.9x | 14.7% | 13.2% | 17.2% | +3.5% | 1.20% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-11-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2025-09-18 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2024-09-06 | Dividend | Annual General Meeting/Dividend - Rs 1.25 Per Share |
| 2023-09-08 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2022-11-18 | Dividend | Interim Dividend - Re 1 Per Share |
| 2022-09-08 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2021-08-26 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-09-17 | Other | Annual General Meeting |
| 2020-03-24 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2019-11-04 | Dividend | Interim Dividend - Re 1 Per Sh |
| 2019-08-26 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2018-11-01 | Dividend | Interim Dividend Rs - 2 Per Share |
| 2018-08-14 | Dividend | Annual General Meeting/Dividend- Rs 2.50 Per Share |
| 2017-11-10 | Dividend | Interim Dividend - Rs 2/- Per Share |
| 2017-08-14 | Dividend | Annual General Meeting/Dividend- Rs.1.75 Per Share |
| 2016-11-10 | Dividend | Interim Dividend Rs 1.25 Per Share |
| 2016-08-30 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2015-11-17 | Dividend | Interim Dividend Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of automotive parts: Manufacturing of automotive parts for passenger vehicles & two-wheelers
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | PPAP |
| BSE code | 532934 |
| ISIN | INE095I01015 |
| Face value | ₹10.0 |
| Incorporated | 1995-10-18 |
| Website | www.ppapco.in |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.