WEBSITE BSE:544144 NSE : PVSL 31 May, 16:01
Market Cap ₹1583 Cr.
Stock P/E 29.6
P/B 3.2
Current Price ₹222.4
Book Value ₹ 69.2
Face Value 2
52W High ₹296.4
Dividend Yield 0%
52W Low ₹ 208.1
Popular Vehicles & Services Limited, established on July 5, 1983, is a prominent name in the Indian automotive industry. The company has a rich history, starting with the Kuttukaran family’s involvement in the automobile spare parts business and evolving into a full-fledged vehicle dealership under the leadership of Mr. Saju K. Thomas. The company is Maruti Suzuki’s first dealer in Kerala and has been associated with the brand since 1984. Over the years, they have expanded operations to include dealerships for brands like Toyota, Lexus, Hyundai, Bajaj, KTM, Harley Davidson, and JCB. They also have used car divisions such as ‘U Trust’ for Toyota and ‘H Promise’ for Hyundai, along with IT divisions spread across South India. With nearly 35 years in the dealership business, Popular Vehicles & Services Limited has become synonymous with Maruti Suzuki and is recognized for its performance and customer service.
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₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1632 | 1653 | 1738 | 1989 | 2331 | 2261 | 2253 | 1839 | 1692 | 1866 | 2514 | |
| Other Income | 3 | 5 | 3 | 5 | 4 | 6 | 13 | 5 | 13 | 12 | 12 | |
| Total Income | 1634 | 1658 | 1742 | 1994 | 2336 | 2267 | 2265 | 1845 | 1704 | 1878 | 2526 | |
| Total Expenditure | 1591 | 1617 | 1697 | 1953 | 2275 | 2208 | 2207 | 1782 | 1608 | 1783 | 2396 | |
| Operating Profit | 44 | 40 | 45 | 41 | 61 | 59 | 58 | 62 | 97 | 94 | 130 | |
| Interest | 25 | 29 | 29 | 31 | 15 | 15 | 23 | 43 | 35 | 39 | 45 | |
| Depreciation | 8 | 10 | 7 | 8 | 15 | 16 | 16 | 36 | 39 | 42 | 46 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 0 | 0 | 0 | |
| Profit Before Tax | 10 | 1 | 9 | 2 | 32 | 28 | 19 | 10 | 22 | 14 | 39 | |
| Provision for Tax | 4 | -0 | 2 | 1 | 11 | 10 | 7 | -4 | 6 | 7 | 10 | |
| Profit After Tax | 7 | 1 | 6 | 2 | 21 | 18 | 12 | 13 | 16 | 7 | 29 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 7 | 1 | 6 | 2 | 21 | 18 | 12 | 13 | 16 | 7 | 29 | |
| Adjusted Earnings Per Share | 2 | 0.2 | 2 | 0.5 | 3.9 | 3.3 | 2 | 2.1 | 2.5 | 1.1 | 4.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 35% | 11% | 2% | 4% |
| Operating Profit CAGR | 38% | 28% | 17% | 11% |
| PAT CAGR | 314% | 31% | 10% | 15% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 13% | 8% | 8% | 9% |
| ROCE Average | 19% | 15% | 14% | 14% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 51 | 51 | 55 | 57 | 153 | 170 | 182 | 182 | 197 | 204 | 233 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 29 | 22 | 23 | 102 | 22 | 16 | 22 | 29 | 67 | 60 | 59 |
| Other Non-Current Liabilities | 9 | 11 | 12 | 7 | 11 | 13 | 15 | 167 | 183 | 259 | 241 |
| Total Current Liabilities | 330 | 256 | 311 | 249 | 183 | 221 | 362 | 388 | 249 | 291 | 309 |
| Total Liabilities | 417 | 340 | 402 | 414 | 368 | 419 | 581 | 765 | 696 | 814 | 842 |
| Fixed Assets | 88 | 94 | 92 | 111 | 126 | 127 | 132 | 285 | 288 | 385 | 387 |
| Other Non-Current Assets | 25 | 29 | 28 | 79 | 45 | 56 | 108 | 130 | 112 | 113 | 140 |
| Total Current Assets | 304 | 218 | 282 | 224 | 197 | 237 | 341 | 350 | 297 | 314 | 313 |
| Total Assets | 417 | 340 | 402 | 414 | 368 | 419 | 581 | 765 | 696 | 814 | 842 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 13 | 16 | 28 | 16 | 9 | 21 | 11 | 14 | 35 | 5 |
| Cash Flow from Operating Activities | -35 | 70 | 0 | 94 | 110 | -3 | -73 | 147 | 75 | 27 | 86 |
| Cash Flow from Investing Activities | -21 | -18 | -6 | -64 | -1 | -37 | -37 | -28 | 2 | -27 | -57 |
| Cash Flow from Financing Activities | 56 | -49 | 18 | -42 | -115 | 52 | 100 | -116 | -56 | -31 | -30 |
| Net Cash Inflow / Outflow | 0 | 2 | 13 | -12 | -6 | 12 | -9 | 3 | 21 | -30 | -1 |
| Closing Cash & Cash Equivalent | 13 | 16 | 28 | 16 | 9 | 21 | 11 | 14 | 35 | 5 | 4 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.03 | 0.21 | 1.96 | 0.49 | 3.94 | 3.3 | 1.96 | 2.14 | 2.53 | 1.11 | 4.68 |
| CEPS(Rs) | 4.62 | 3.45 | 4.24 | 2.98 | 6.68 | 6.24 | 4.48 | 7.85 | 8.78 | 7.75 | 11.94 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 15.79 | 16.01 | 17.22 | 17.7 | 28.61 | 31.84 | 29.07 | 28.94 | 31.37 | 32.54 | 37.09 |
| Core EBITDA Margin(%) | 2.51 | 2.17 | 2.4 | 1.82 | 2.43 | 2.33 | 2.01 | 3.1 | 4.83 | 4.29 | 4.57 |
| EBIT Margin(%) | 2.17 | 1.82 | 2.17 | 1.65 | 2 | 1.91 | 1.88 | 2.87 | 3.3 | 2.75 | 3.27 |
| Pre Tax Margin(%) | 0.62 | 0.04 | 0.49 | 0.12 | 1.37 | 1.24 | 0.84 | 0.53 | 1.28 | 0.72 | 1.52 |
| PAT Margin (%) | 0.4 | 0.04 | 0.36 | 0.08 | 0.9 | 0.78 | 0.54 | 0.73 | 0.91 | 0.36 | 1.14 |
| Cash Profit Margin (%) | 0.91 | 0.67 | 0.78 | 0.48 | 1.53 | 1.47 | 1.25 | 2.68 | 3.16 | 2.54 | 2.91 |
| ROA(%) | 1.87 | 0.18 | 1.69 | 0.38 | 5.37 | 4.47 | 2.45 | 2 | 2.17 | 0.92 | 3.54 |
| ROE(%) | 13.75 | 1.34 | 11.82 | 2.78 | 20.09 | 10.93 | 6.97 | 7.39 | 8.38 | 3.48 | 13.43 |
| ROCE(%) | 14.67 | 10.87 | 12.82 | 10.41 | 16.82 | 15.2 | 10.83 | 12.43 | 14.63 | 12.94 | 18.82 |
| Receivable days | 21.1 | 20.33 | 17.61 | 16.8 | 13.68 | 14.67 | 17.38 | 17.1 | 14.36 | 14.49 | 10.47 |
| Inventory Days | 28.5 | 32 | 27.79 | 23.37 | 13.91 | 11.88 | 20.81 | 39.13 | 37.61 | 32.7 | 28.19 |
| Payable days | 13.77 | 12.67 | 6.5 | 6.03 | 4.17 | 3.22 | 4.93 | 19.01 | 20.08 | 10.03 | 7.98 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.14 | 0.12 | 0.14 | 0.12 | 0.03 | 0.06 | 0.12 | 0.11 | 0.1 | 0.12 | 0.1 |
| EV/Core EBITDA(x) | 5.14 | 5 | 5.31 | 5.86 | 1.33 | 2.24 | 4.72 | 3.3 | 1.79 | 2.36 | 1.91 |
| Net Sales Growth(%) | 21.26 | 1.31 | 5.16 | 14.44 | 17.19 | -3.02 | -0.37 | -18.35 | -8.02 | 10.28 | 34.74 |
| EBIT Growth(%) | 35.25 | -14.99 | 25.04 | -12.6 | 41.72 | -7.57 | -1.66 | 24.57 | 8.91 | -8.41 | 59.79 |
| PAT Growth(%) | 274.8 | -89.5 | 820.47 | -75.3 | 1253.96 | -16.22 | -30.3 | 9.57 | 17.84 | -56 | 320.57 |
| EPS Growth(%) | 274.8 | -89.5 | 820.47 | -75.3 | 712.5 | -16.22 | -40.74 | 9.57 | 17.84 | -56 | 320.56 |
| Debt/Equity(x) | 4.67 | 4.22 | 4.81 | 4.51 | 0.59 | 0.91 | 1.51 | 1.16 | 1.01 | 1.05 | 1.04 |
| Current Ratio(x) | 0.92 | 0.85 | 0.9 | 0.9 | 1.08 | 1.07 | 0.94 | 0.9 | 1.19 | 1.08 | 1.02 |
| Quick Ratio(x) | 0.41 | 0.38 | 0.44 | 0.46 | 0.71 | 0.71 | 0.45 | 0.34 | 0.62 | 0.39 | 0.38 |
| Interest Cover(x) | 1.4 | 1.02 | 1.29 | 1.08 | 3.2 | 2.85 | 1.81 | 1.23 | 1.63 | 1.35 | 1.86 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2013 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 98.52 | 99.14 | 59.53 | 59.71 | 65.79 | 61.18 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.26 |
| Public | 100 | 100 | 100 | 1.48 | 0.86 | 40.47 | 40.29 | 34.21 | 21.55 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2013 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0.2 | 0.2 | 0.2 | 0.2 | 0.83 | 4.36 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.73 |
| Public | 0.2 | 0.2 | 0.2 | 0 | 0 | 0.13 | 0.13 | 0.43 | 1.53 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.33 | 0.33 | 1.25 | 7.12 |
Pros
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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