Popular Vehicles & Services Ltd

Popular Vehicles & Services Ltd

₹ 155 0.62%
22 Nov 10:16 a.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 1,101 Cr.
  • Current Price 155
  • High / Low 297 / 152
  • Stock P/E 22.4
  • Book Value 93.0
  • Dividend Yield 0.33 %
  • ROCE 13.5 %
  • ROE 14.4 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 27.5% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,217.53 1,304.88 1,628.96 1,416.82 1,363.71 1,291.45 1,512.75
1,168.05 1,252.34 1,547.55 1,355.70 1,301.01 1,246.47 1,459.13
Operating Profit 49.48 52.54 81.41 61.12 62.70 44.98 53.62
OPM % 4.06% 4.03% 5.00% 4.31% 4.60% 3.48% 3.54%
2.82 6.18 9.12 9.65 8.30 6.99 5.56
Interest 17.47 19.60 26.54 27.50 22.91 19.96 22.26
Depreciation 18.89 21.01 22.71 23.29 24.22 23.72 25.07
Profit before tax 15.94 18.11 41.28 19.98 23.87 8.29 11.85
Tax % 33.44% 20.82% 21.80% 20.27% 15.71% 34.38% 36.20%
10.60 14.33 32.29 15.92 20.11 5.45 7.57
EPS in Rs 8.45 11.42 5.15 2.54 2.82 0.77 1.06
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,902 3,172 2,894 3,466 4,875 5,616 5,585
3,770 3,064 2,742 3,303 4,653 5,357 5,362
Operating Profit 132 108 152 163 222 259 222
OPM % 3% 3% 5% 5% 5% 5% 4%
14 35 26 18 17 33 30
Interest 66 74 58 64 74 102 93
Depreciation 48 61 72 69 79 92 96
Profit before tax 32 8 47 49 85 98 64
Tax % 32% -56% 31% 31% 24% 22%
21 12 32 34 64 76 49
EPS in Rs 17.04 9.96 25.88 26.84 51.07 10.69 7.19
Dividend Payout % 0% 0% 0% 0% 0% 5%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 25%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 35%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 16%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 14 14
Reserves 185 200 233 267 330 639 648
797 645 650 756 938 925 1,005
219 276 230 232 229 381 400
Total Liabilities 1,214 1,134 1,126 1,268 1,510 1,959 2,067
406 472 464 564 671 733 753
CWIP 28 29 17 12 8 15 1
Investments 2 11 5 6 6 28 25
778 622 640 685 825 1,183 1,288
Total Assets 1,214 1,134 1,126 1,268 1,510 1,959 2,067

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-47 339 95 70 109 80
-50 -28 -7 -41 -80 -88
84 -299 -71 -65 -24 39
Net Cash Flow -13 13 18 -37 5 31

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 13 20 19 17 19
Inventory Days 39 40 48 46 39 46
Days Payable 8 18 10 11 8 12
Cash Conversion Cycle 55 34 58 54 48 53
Working Capital Days 42 25 40 40 37 44
ROCE % 6% 11% 12% 13% 14%

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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