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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

₹245.70 11.70 (5.00%)

As on 23-Sep'26 13:33

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

₹245.70 11.70 (5.00%)

As on 23-Sep'26 13:33

Key Metrics
Valuation Multiples
Market Cap
₹331 Cr.
Current Price
₹245.7
52-Week Low / High
₹177 / 377
TTM EPS
₹32.7
TTM Sales
₹607 Cr.
Book Value per Share
₹241.7
P/E Ratio
7.15
Lower than its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
0.97
In line with its 5-year historical median
Price to Sales (P/S)
0.55
Lower than its 5-year historical median
EV/EBITDA
9.15
Higher than its 5-year historical median
Dividend Yield
1.02%
Profitability Efficiency
Return on Equity (ROE)
2.46%
Underperforms industry median
Return on Capital Employed (ROCE)
5.74%
Underperforms industry median
Return on Assets (ROA)
1.25%
Operating Profit Margin
10.4%
Net Profit Margin
1.26%
Gross Profit Margin
7.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.7%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
44.03%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
64.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹328 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.

View More
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 9.03%, compared to the industry median CAGR of 1.58%, 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 3.5% based on the current price.
View More

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ10.9%15.4%20.9%17%8.1%3%3.3%4.6%3.5%7.2%-
Value Creation
Index ⓘ		-0.20.10.50.2-0.4-0.8-0.8-0.7-0.8-0.5-

Growth Parameters ⓘ
Sales ⓘ303345398411360321409492504538569
Sales YoY Gr.-14%15.3%3.4%-12.4%-10.8%27.4%20.4%2.3%6.7%-
Adj EPS ⓘ11.317.426.423.814.13.43.15.1-3.51025.5
YoY Gr.-54.4%51.4%-9.7%-40.7%-76%-9.1%65.6%-168.4%NA-
BVPS (₹) ⓘ150.3170.4192.7210.8217.3221.3223.5225.7222.2230.2253.4
Adj Net
Profit ⓘ		15.824.436.933.419.84.74.37.1-4.914.136
Cash Flow from Ops. ⓘ40.970.177.858.736.230.140.538.936.555.7-
Debt/CF from Ops. ⓘ1.80.70.40.40.61.72.33.23.82.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.6%8.4%9.5%6.7%
Adj EPS ⓘ-1.4%-6.7%48%NA
BVPSⓘ4.9%1.2%1%3.6%
Share Price 3.9% 0.5% -0.5% 9.2%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		7.710.914.511.86.61.51.42.3-1.64.410.6
Op. Profit
Mgn % ⓘ		17.519.321.418.814.410.69.79.48.811.49.7
Net Profit
Mgn % ⓘ		5.27.19.38.15.51.51.11.5-12.66.4
Debt to
Equity ⓘ		0.40.20.10.10.10.20.30.40.50.5-
Working Cap
Days ⓘ		1059810712113214111710812412888
Cash Conv.
Cycle ⓘ		434039465156443743361

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

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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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales319345398411360322422511523554
Operating Expenses ⓘ + 265278313334309289383467483496
Manufacturing Costs34293335272330434648
Material Costs160172189198186177248301300303
Employee Cost 505363716662728395101
Other Costs ⓘ 22242829302633404245
Operating Profit ⓘ 53678577513339444058
Operating Profit Margin (%) 16.7%19.3%21.4%18.8%14.2%10.3%9.3%8.7%7.6%10.4%
Other Income ⓘ + 1231121121
Exceptional Items ⓘ 0000000000
Interest ⓘ 8654347121517
Depreciation ⓘ 25242626262629313434
Profit Before Tax ⓘ 223857482350-5-89
Tax ⓘ 7132015411152
Profit After Tax 14253733194-1-6-137
PAT Margin (%) 4.4%7.3%9.4%8.1%5.3%1.1%-0.2%-1.2%-2.5%1.3%
Adjusted EPS (₹)10.020.028.124.113.01.5-0.6-4.3-9.35.0
Dividend Payout Ratio (%)20%15%16%18.70%23.10%66.70%-266.40%-35.30%-13.40%50.30%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 206237270295303306304294281287
Share Capital ⓘ 14141414141414141414
Reserves ⓘ 192223256281289292290280267273
Debt +593618172245101133132137
Long Term Debt44281613124579807462
Short Term Debt1481410022535875
Minority Interest0000000000
Trade Payables22243240424849635767
Others Liabilities ⓘ 42628579464648578576
Total Liabilities ⓘ 328359404431413444501548556568

Fixed Assets

Net Fixed Assets ⓘ +217197211237230244284319313316
Gross Block348221260311329369437502529563
Accumulated Depreciation13024497499125152183216246
CWIP ⓘ 1312282021111727
Investments ⓘ 2494949484646424344
Inventories39233245504556766961
Trade Receivables40495557406056656773
Cash Equivalents 1211621122
Others Assets ⓘ 28364440302737344446
Total Assets ⓘ 328359404431413444501548556568
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 41707859362621304152
PBT ⓘ 223857482250-5-89
Adjustment ⓘ 33292930292738494949
Changes in Working Capital ⓘ -91013-2-3-4-14-111-4
Tax Paid ⓘ -4-7-22-17-12-1-4-2-2-2
Cash Flow From Investing Activity ⓘ + -24-43-45-43-27-49-71-58-30-35
Capex -27-26-40-25-17-40-68-20-24-11
Net Investments 2-143-1-33-3-3-11
Others ⓘ 0-2-8-18-8-120-34-4-25
Cash Flow From Financing Activity ⓘ + -18-25-33-17-6214928-9-17
Net Proceeds from Shares ⓘ 0000-0330000
Net Proceeds from Borrowing ⓘ -7-10-16-8-1-10351-6-12
Interest Paid ⓘ -8-6-4-300-6-10-15-18
Dividend Paid ⓘ 0-4-6-8-90-1-4-1-3
Others ⓘ -4-6-735-222411316
Net Cash Flow ⓘ -12-1-13-2-101-0
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.8211.3314.7811.836.381.19-0.26-1.99-4.532.46
ROCE (%)10.5815.6120.9716.958.022.61.841.621.555.74
Asset Turnover Ratio1.121.141.070.980.850.750.890.970.950.99
PAT to CFO Conversion(x)2.932.82.111.791.896.5N/AN/AN/A7.43
Working Capital Days
Receivable Days4041.3046.405049.5056.9050.3043.2046.2046.10
Inventory Days38.8028.8024.6034.204853.5043.7047.2050.8043
Payable Days50.9049.6054.2066.1080.4092.5071.2067.7073.4075

Top 5 Mutual Funds Holding

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Announcements

PPAP Automotive Ltd FAQs

The current trading price of PPAP Automotive on 23-Sep-2026 13:33 is ₹245.7.

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 22-Sep-2026 the market cap of PPAP Automotive stood at ₹331.2 Cr

The latest P/E ratio of PPAP Automotive as of 22-Sep-2026 is 9.17.

The latest P/B ratio of PPAP Automotive as of 22-Sep-2026 is 0.92.

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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