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PPAP Automotive Ltd (PPAP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532934 NSE: PPAP Auto Ancillary | Small Cap | PPAP Automotive Share Price

₹217 9.00 (4.33%)

As on 03-Nov'26 11:27

PPAP Automotive Ltd (PPAP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532934 NSE: PPAP Auto Ancillary | Small Cap | PPAP Automotive Share Price

₹217 9.00 (4.33%)

As on 03-Nov'26 11:27

Key Metrics
Valuation Multiples
Market Cap
₹294 Cr.
Current Price
₹217
52-Week Low / High
₹177 / 377
TTM EPS
₹32.7
TTM Sales
₹607 Cr.
Book Value per Share
₹241
P/E Ratio
6.35
Lower than its 5-year historical median
Industry PE
45.4
Price to Book (P/B)
0.86
Lower than its 5-year historical median
Price to Sales (P/S)
0.49
Lower than its 5-year historical median
EV/EBITDA
8.51
Higher than its 5-year historical median
Dividend Yield
0.69%
Profitability Efficiency
Return on Equity (ROE)
13.77%
Outperforms industry median
Return on Capital Employed (ROCE)
13.70%
In line with industry median
Return on Assets (ROA)
6.54%
Outperforms industry median
Operating Profit Margin
9.2%
In line with industry median
Net Profit Margin
7.62%
Outperforms industry median
Gross Profit Margin
6.3%
Underperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.25%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.63%
Net Profit Growth (1 Year)
-
517%
Asset Quality
Promoter Holding
64.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹327 Cr.
Equity
₹14.2 Cr.
Face Value
₹10
All Time Low / High
₹23.05 / 721.00

PPAP Automotive stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is PPAP Automotive Ltd a good quality company?
PPAP Automotive Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does PPAP Automotive Ltd performance compare with that of its Peers?
Q.1 Revenue growth of PPAP Automotive Ltd vs industry peers?
PPAP Automotive Ltd revenue CAGR is 11.97%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of PPAP Automotive Ltd?
Promoters hold 64.30% of the PPAP Automotive Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of PPAP Automotive Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PPAP Automotive Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ15.4%20.9%17%8.1%3%3.3%4.6%3.5%7.2%11.5%-
Value Creation
Index ⓘ		0.10.50.2-0.4-0.8-0.8-0.7-0.8-0.5-0.2-

Growth Parameters ⓘ
Sales ⓘ345398411360321409492504538536569
Sales YoY Gr.-15.3%3.4%-12.4%-10.8%27.4%20.4%2.3%6.7%-0.3%-
Adj EPS ⓘ17.426.423.814.13.43.15.1-3.5107.525.5
YoY Gr.-51.4%-9.7%-40.7%-76%-9.1%65.6%-168.4%NA-25.2%-
BVPS (₹) ⓘ170.4192.7210.8217.3221.3223.5225.7222.2230.2251.8252.7
Adj Net
Profit ⓘ		24.436.933.419.84.74.37.1-4.914.110.536
Cash Flow from Ops. ⓘ70.177.858.736.230.140.538.936.555.740.2-
Debt/CF from Ops. ⓘ0.70.40.40.61.72.33.23.82.74.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ5%10.8%2.9%-0.3%
Adj EPS ⓘ-9%17.1%13.6%-25.2%
BVPSⓘ4.4%2.6%3.7%9.4%
Share Price 2% -2.4% -3.9% -17.4%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		10.914.511.86.61.51.42.3-1.64.43.110.1
Op. Profit
Mgn % ⓘ		19.321.418.814.410.69.79.48.811.49.99.7
Net Profit
Mgn % ⓘ		7.19.38.15.51.51.11.5-12.626.4
Debt to
Equity ⓘ		0.20.10.10.10.20.30.40.50.50.5-
Working Cap
Days ⓘ		9810712113214111710812412916888
Cash Conv.
Cycle ⓘ		403946515644374336421

Valuation of PPAP Automotive - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales345398411360322422511523554567
Operating Expenses ⓘ + 278313334309289383467483496515
Manufacturing Costs29333527233043464746
Material Costs172189198186177248301300303305
Employee Cost 5363716662728395101114
Other Costs ⓘ 24282930263340424550
Operating Profit ⓘ 67857751333944405852
Operating Profit Margin (%) 19.3%21.4%18.8%14.2%10.3%9.3%8.7%7.6%10.4%9.2%
Other Income ⓘ + 2311211212
Exceptional Items ⓘ 00000000050
Interest ⓘ 65434712151718
Depreciation ⓘ 24262626262931343436
Profit Before Tax ⓘ 3857482350-5-8950
Tax ⓘ 1320154111527
Profit After Tax 253733194-1-6-13743
PAT Margin (%) 7.3%9.4%8.1%5.3%1.1%-0.2%-1.2%-2.5%1.3%7.6%
Adjusted EPS (₹)20.028.124.113.01.5-0.6-4.3-9.35.030.6
Dividend Payout Ratio (%)15%16%18.70%23.10%66.70%-266.40%-35.30%-13.40%50.30%4.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 237270295303306304294281287340
Share Capital ⓘ 141414141414141414.0914.12
Reserves ⓘ 223256281289292290280267273326
Debt +3618172245101133132137175
Long Term Debt28161312457980746241
Short Term Debt81410022535875134
Minority Interest0000000000
Trade Payables243240424849635767100
Others Liabilities ⓘ 628579464648578580134
Total Liabilities ⓘ 359404431413444501548556571749

Fixed Assets

Net Fixed Assets ⓘ +197211237230244284319313316317
Gross Block221260311329369437502529563598
Accumulated Depreciation24497499125152183216246282
CWIP ⓘ 31228202111172748
Investments ⓘ 49494948464642434496
Inventories23324550455676696197
Trade Receivables495557406056656773104
Cash Equivalents 2116211223
Others Assets ⓘ 36444030273734444986
Total Assets ⓘ 359404431413444501548556571749
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 70785936262130415233
PBT ⓘ 3857482250-5-8950
Adjustment ⓘ 2929302927384949491
Changes in Working Capital ⓘ 1013-2-3-4-14-111-4-8
Tax Paid ⓘ -7-22-17-12-1-4-2-2-2-10
Cash Flow From Investing Activity ⓘ + -43-45-43-27-49-71-58-30-35-41
Capex -26-40-25-17-40-68-20-24-11-5
Net Investments -143-1-33-3-3-1111
Others ⓘ -2-8-18-8-120-34-4-25-46
Cash Flow From Financing Activity ⓘ + -25-33-17-6214928-9-178
Net Proceeds from Shares ⓘ 000-03300000
Net Proceeds from Borrowing ⓘ -10-16-8-1-10351-6-12-29
Interest Paid ⓘ -6-4-300-6-10-15-18-20
Dividend Paid ⓘ -4-6-8-90-1-4-1-3-4
Others ⓘ -6-735-22241131660
Net Cash Flow ⓘ 2-1-13-2-101-01
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)11.3314.7811.836.381.19-0.26-1.99-4.532.4613.77
ROCE (%)15.6120.9716.958.022.61.841.621.555.7413.7
Asset Turnover Ratio1.141.070.980.850.750.890.970.950.980.86
PAT to CFO Conversion(x)2.82.111.791.896.5N/AN/AN/A7.430.77
Working Capital Days
Receivable Days41.3046.405049.5056.9050.3043.2046.2046.1056.80
Inventory Days28.8024.6034.204853.5043.7047.2050.804350.80
Payable Days49.6054.2066.1080.4092.5071.2067.7073.4075100.10

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

PPAP Automotive Ltd FAQs

The current trading price of PPAP Automotive on 03-Nov-2026 11:27 is ₹217.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Nov-2026 the market cap of PPAP Automotive stood at ₹294.4 Cr

The latest P/E ratio of PPAP Automotive as of 02-Nov-2026 is 8.15.

The latest P/B ratio of PPAP Automotive as of 02-Nov-2026 is 0.82.

The 52-week high of PPAP Automotive is ₹377.2 and the 52-week low is ₹177.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PPAP Automotive is ₹569 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that PPAP Automotive Ltd is a average quality company.

The key valuation ratios of PPAP Automotive Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of PPAP Automotive Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About PPAP Automotive Ltd

Precision Pipes & Profiles Company Ltd (PPAP) was originally incorporated on April 3, 1978 as a partnership firm by three partners viz. Devendra Chandra Jain (HUF), Asha Jain and Vinay Kumari Jain in the name and style of Precision Pipes and Profiles Company

PPAP is a leading manufacturer of high quality automotive sealing systems and exterior products in India. The company has four state of the art manufacturing facilities, which are located in New Delhi and Noida. All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified. PPAP's core competence is in Plastic Extrusion and Injection moulding.

Along with the state of the art manufacturing facilities, PPAP has an experienced engineering team, which is capable of designing and manufacturing products based on customer specifications. The engineering department has latest versions of software’s like Moldflow, Unigraphics, IDEAS, Catia V4 and Catia V5. The company also has a well equipped laboratory to perform raw material as well as product performance testing.

PPAP has a joint venture with Tokai Kogyo Co. Ltd, Japan for manufacturing plastic extrusion as well as gas assist injection moulding products. The association between PPAP and Tokai Kogyo dates back to more than 15 years.

Product range of the company includes:

Automotive Sealing

  • Weather Strips
  • Trim Door Opening
  • Windshield Moulding
  • Roof Moulding
  • Quarter Window Seal
  • A- Pillar Garnish
  • C- Pillar Garnish

Exterior/ Interior Products

  • Skirt Air Damper
  • Body Side Moulding
  • Other Interior

Achievements/ recognition:

  • OHSAS Certification
  • Best Vendor Award
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