PPAP

PPAP Automotive Limited

Automotive plastic and metal components manufacturer

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

ppapco.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹243.73
Market cap
346 Cr
Stock P/E
7.5
P/B
1.01
Dividend yield
1.0%
ROE (FY26)
12.7%
ROCE (FY26)
12.5%
Operating margin (FY26)
2.9%
Debt / equity (FY26)
0.59
OCF / EBITDA (FY26)
26.7%
OCF / EBITDA (3Y)
72.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

PPAP Automotive makes sealing parts from EPDM rubber and plastic components for vehicle manufacturers, alongside aftermarket parts, tooling, industrial products and battery packs.

Company snapshot

84thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Concerns
  • ✗Interest coverage of 0.9x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales148 Cr122 Cr136 Cr123 Cr145 Cr139 Cr147 Cr117 Cr137 Cr139 Cr175 Cr156 Cr
Operating expenses (approx.)136 Cr113 Cr124 Cr111 Cr128 Cr125 Cr132 Cr107 Cr124 Cr126 Cr158 Cr144 Cr
EBITDA12 Cr10 Cr12 Cr12 Cr16 Cr14 Cr15 Cr9 Cr13 Cr13 Cr17 Cr12 Cr
OPM %8.2%8.0%8.5%9.6%11.3%10.0%10.2%8.0%9.3%9.0%9.7%7.9%
Other income0.49 Cr0.12 Cr0.22 Cr0.58 Cr0.31 Cr0.19 Cr0.22 Cr0.39 Cr0.24 Cr0.43 Cr0.50 Cr2 Cr
Interest3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Depreciation9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr8 Cr9 Cr9 Cr9 Cr9 Cr9 Cr
Profit before tax0.46 Cr-4 Cr-0.73 Cr0.10 Cr4 Cr2 Cr3 Cr-3 Cr-0.08 Cr0.03 Cr53 Cr1 Cr
Tax %-17.2%25.1%-982.9%0.0%25.9%15.8%18.9%22.6%45.6%-124.8%14.7%25.2%
Net profit0.54 Cr-3 Cr-8 Cr0.10 Cr3 Cr2 Cr2 Cr-2 Cr-0.05 Cr0.07 Cr45 Cr0.87 Cr
EPS (₹)₹0.39₹-1.91₹-5.83₹0.07₹2.04₹1.14₹1.72₹-1.61₹-0.03₹0.05₹32.20₹0.61

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales393 Cr409 Cr411 Cr360 Cr322 Cr422 Cr511 Cr523 Cr554 Cr567 CrSign in free for the trailing twelve months
Operating expenses (approx.)327 Cr324 Cr334 Cr309 Cr289 Cr383 Cr467 Cr483 Cr497 Cr515 CrSign in free for the trailing twelve months
EBITDA67 Cr85 Cr77 Cr51 Cr33 Cr39 Cr44 Cr40 Cr57 Cr52 CrSign in free for the trailing twelve months
OPM %16.9%20.8%18.8%14.1%10.2%9.1%8.6%7.6%10.3%9.1%Sign in free for the trailing twelve months
Other income2 Cr3 Cr1 Cr0.58 Cr2 Cr1.00 Cr1 Cr2 Cr1 Cr2 CrSign in free for the trailing twelve months
Interest6 Cr4 Cr4 Cr3 Cr4 Cr7 Cr12 Cr15 Cr16 Cr17 CrSign in free for the trailing twelve months
Depreciation24 Cr26 Cr26 Cr26 Cr26 Cr29 Cr31 Cr34 Cr34 Cr36 CrSign in free for the trailing twelve months
Profit before tax41 Cr57 Cr49 Cr22 Cr3 Cr0.13 Cr-5 Cr-8 Cr9 Cr50 CrSign in free for the trailing twelve months
Tax %31.7%34.4%30.5%17.4%35.1%709.7%-16.3%-61.9%21.1%14.2%Sign in free for the trailing twelve months
Net profit28 Cr39 Cr34 Cr18 Cr2 Cr-0.79 Cr-6 Cr-13 Cr7 Cr43 CrSign in free for the trailing twelve months
EPS (₹)₹19.97₹28.08₹24.10₹13.00₹1.50₹-0.56₹-4.25₹-9.31₹4.97₹30.61Sign in free for the trailing twelve months
Dividend payout %————0.0%———45.3%8.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves223 Cr256 Cr281 Cr289 Cr292 Cr290 Cr281 Cr269 Cr274 Cr327 Cr
Borrowings36 Cr18 Cr17 Cr22 Cr45 Cr108 Cr151 Cr159 Cr166 Cr201 Cr
Other liabilities80 Cr99 Cr103 Cr81 Cr93 Cr88 Cr102 Cr113 Cr114 Cr199 Cr
Total liabilities353 Cr386 Cr415 Cr406 Cr443 Cr500 Cr548 Cr555 Cr568 Cr741 Cr
Fixed assets (net)191 Cr205 Cr231 Cr222 Cr235 Cr275 Cr310 Cr300 Cr298 Cr306 Cr
CWIP3 Cr12 Cr0.50 Cr8 Cr20 Cr21 Cr9 Cr15 Cr24 Cr43 Cr
Investments49 Cr49 Cr49 Cr48 Cr46 Cr46 Cr42 Cr43 Cr44 Cr96 Cr
Loans & advances——0.38 Cr0.43 Cr0.54 Cr0.0052 Cr0.08 Cr0.64 Cr1 Cr0.91 Cr
Inventories23 Cr32 Cr45 Cr50 Cr45 Cr56 Cr76 Cr69 Cr61 Cr97 Cr
Trade receivables49 Cr55 Cr57 Cr40 Cr60 Cr56 Cr65 Cr73 Cr73 Cr104 Cr
Cash & bank2 Cr1 Cr0.43 Cr3 Cr1 Cr0.44 Cr0.83 Cr2 Cr1 Cr3 Cr
Other assets36 Cr33 Cr31 Cr35 Cr35 Cr45 Cr45 Cr52 Cr66 Cr93 Cr
Total assets353 Cr386 Cr415 Cr406 Cr443 Cr500 Cr548 Cr555 Cr568 Cr741 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity70 Cr77 Cr59 Cr36 Cr26 Cr28 Cr35 Cr41 Cr52 Cr14 Cr
Cash from investing-43 Cr-45 Cr-43 Cr-27 Cr-49 Cr-71 Cr-62 Cr-30 Cr-35 Cr-40 Cr
Cash from financing-25 Cr-33 Cr-17 Cr-6 Cr21 Cr42 Cr28 Cr-9 Cr-17 Cr28 Cr
Net cash flow2 Cr-0.79 Cr-0.94 Cr3 Cr-2 Cr-0.91 Cr0.39 Cr2 Cr-0.46 Cr1 Cr
Free cash flow (OCF − Capex)40 Cr26 Cr15 Cr10 Cr-26 Cr-42 Cr-20 Cr10 Cr40 Cr-42 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.3%21.4%16.9%7.6%2.0%1.6%1.5%1.5%5.6%12.5%
ROE %11.8%14.6%11.4%6.0%0.7%-0.3%-2.0%-4.6%2.4%12.7%
Debtor days45495141684846514867
Inventory days475774929180838373109
Days payable505667789770696980113
Cash conversion cycle42505955625960654063
OCF / EBITDA %105.2%90.9%76.2%70.7%80.4%72.6%78.9%103.7%91.3%26.7%
OCF / EBITDA % (3 years)——90.1%80.8%75.3%73.9%77.2%85.0%90.9%72.1%
Debt / equity0.150.070.060.070.150.360.510.560.580.59
Current ratio——1.291.431.491.311.030.950.891.02
Net debt / EBITDA0.51—0.210.371.312.793.413.962.883.82