Popular Vehicles & Services Ltd

Popular Vehicles & Services Ltd

₹ 158 3.02%
22 Nov 4:00 p.m.
About

Incorporated in 1983, Popular Vehicles and Services Ltd is in the business of sale and
service of automobiles, spare parts, finance and insurance commission[1]

Key Points

Business Overview:[1][2]
PVSL is part of the diversified Kuttukaran Group, with a strong presence across four states and a network of 445 touchpoints. It holds one of the largest authorized dealerships for MSIL vehicles in India. Additionally, PVSL’s subsidiaries and step-down subsidiaries operate in the dealership business for major automotive brands, including Honda Cars India, Jaguar Land Rover India Ltd, Tata Motors Ltd (Commercial Vehicles), and Daimler India Commercial Vehicles (Bharat Benz), among others.

  • Market Cap 1,127 Cr.
  • Current Price 158
  • High / Low 297 / 152
  • Stock P/E 77.1
  • Book Value 69.0
  • Dividend Yield 0.32 %
  • ROCE 9.85 %
  • ROE 6.07 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.58% over last 3 years.
  • Dividend payout has been low at 4.60% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
658.34 606.24 561.18 810.71 666.86 605.08 581.84 762.50
633.29 581.06 542.02 769.43 639.61 577.77 564.44 740.63
Operating Profit 25.05 25.18 19.16 41.28 27.25 27.31 17.40 21.87
OPM % 3.81% 4.15% 3.41% 5.09% 4.09% 4.51% 2.99% 2.87%
2.40 4.20 4.71 3.15 6.55 5.11 6.36 8.70
Interest 11.09 11.12 11.73 15.13 16.01 12.38 11.30 13.21
Depreciation 11.82 11.53 11.54 12.03 12.49 12.45 12.89 13.07
Profit before tax 4.54 6.73 0.60 17.27 5.30 7.59 -0.43 4.29
Tax % 61.89% 17.09% 371.67% 9.21% 23.21% -1.19% -13.95% 24.48%
1.73 5.58 -1.62 15.68 4.07 7.68 -0.37 3.24
EPS in Rs 1.38 4.45 -1.29 2.50 0.65 1.08 -0.05 0.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,253 1,839 1,692 1,866 2,514 2,644 2,616
2,210 1,782 1,607 1,783 2,394 2,527 2,522
Operating Profit 43 57 84 82 119 117 94
OPM % 2% 3% 5% 4% 5% 4% 4%
13 32 12 12 10 19 27
Interest 21 43 35 39 45 57 53
Depreciation 16 36 39 42 46 48 51
Profit before tax 19 10 22 14 39 31 17
Tax % 35% -38% 29% 49% 25% 16%
12 13 16 7 29 26 15
EPS in Rs 9.79 10.72 12.64 5.56 23.39 3.63 2.14
Dividend Payout % 0% 0% 0% 0% 0% 14%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 16%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 11%
TTM: -34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 14 14
Reserves 170 169 184 192 220 478 477
266 380 378 482 508 463 575
138 215 133 138 115 270 285
Total Liabilities 587 777 707 824 856 1,225 1,350
132 285 288 385 387 427 442
CWIP 28 23 16 12 6 13 1
Investments 50 70 62 62 93 111 128
377 398 341 365 371 674 780
Total Assets 587 777 707 824 856 1,225 1,350

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-73 147 75 27 86 115
-37 -28 2 -27 -57 -176
100 -116 -56 -31 -30 89
Net Cash Flow -9 3 21 -30 -1 28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 10 19 13 12 12
Inventory Days 34 52 38 48 35 50
Days Payable 7 29 9 12 7 19
Cash Conversion Cycle 46 33 47 49 40 44
Working Capital Days 33 26 33 37 29 29
ROCE % 5% 10% 8% 12% 10%

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024
61.18% 61.18% 61.18%
7.01% 16.01% 14.52%
10.26% 12.12% 12.98%
21.54% 10.68% 11.33%
No. of Shareholders 93,69072,61167,273

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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