Popular Vehicles & Services Ltd

Popular Vehicles & Services Ltd

₹ 240 -1.50%
03 Jul 9:00 a.m.
About

Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.[1]

Key Points

Business Profile[1] Popular Vehicles and Services is an automobile dealer catering to the complete life cycle of vehicle ownership, from sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, facilitating sale and exchange of preowned vehicles and sale of third-party financial and insurance products, and operating driving schools.

  • Market Cap 1,709 Cr.
  • Current Price 240
  • High / Low 297 / 199
  • Stock P/E 22.8
  • Book Value 91.7
  • Dividend Yield 0.00 %
  • ROCE 13.6 %
  • ROE 15.0 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 28.7% CAGR over last 5 years

Cons

  • Stock is trading at 2.66 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.61%

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
1,218 1,305 1,629 1,417 1,364
1,168 1,252 1,548 1,356 1,301
Operating Profit 49 53 81 61 63
OPM % 4% 4% 5% 4% 5%
3 6 9 10 8
Interest 17 20 27 28 23
Depreciation 19 21 23 23 24
Profit before tax 16 18 41 20 24
Tax % 33% 21% 22% 20% 16%
11 14 32 16 20
EPS in Rs 8.45 11.42 5.15 2.54 2.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,902 3,172 2,894 3,466 4,875 5,616
3,770 3,064 2,742 3,303 4,653 5,361
Operating Profit 132 108 152 163 222 255
OPM % 3% 3% 5% 5% 5% 5%
14 35 26 18 17 33
Interest 66 74 58 64 74 98
Depreciation 48 61 72 69 79 92
Profit before tax 32 8 47 49 85 98
Tax % 32% -56% 31% 31% 24% 22%
21 12 32 34 64 76
EPS in Rs 17.04 9.96 25.88 26.84 51.07 10.69
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 25%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 37%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 16%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 13 13 14
Reserves 185 200 233 267 330 639
797 645 650 756 938 925
219 276 230 232 229 378
Total Liabilities 1,214 1,134 1,126 1,268 1,510 1,957
406 472 464 564 671 734
CWIP 28 29 17 12 8 14
Investments 2 11 5 6 6 28
778 622 640 685 825 1,180
Total Assets 1,214 1,134 1,126 1,268 1,510 1,957

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 45
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 45
ROCE % 6% 11% 12% 13%

Shareholding Pattern

Numbers in percentages

Mar 2024
61.18%
7.01%
10.26%
21.54%
No. of Shareholders 93,690

* 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.

Documents