PPAP Automotive Ltd Stock Analysis

BSE: 532934 | NSE: PPAP | Auto Ancillary | Small Cap

BSE Share Price 31-Mar-2023 18:02
156.00 7.30 (4.91%)

DeciZen - Make an Informed Decision on PPAP Automotive

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

PPAP Automotive Price Chart

P/E Ratio ( SA) :
25.64
Market Cap :
218.4 Cr.
52-wk low :
147.9
52-wk high :
282.8
Bole Toh?

1. Is PPAP Automotive Ltd a good quality company?

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

2. Is PPAP Automotive Ltd undervalued or overvalued?

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

3. Is PPAP Automotive Ltd a good buy now?

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.

10 Year X-Ray of PPAP Automotive:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -0.1%3%5.9%7.6%10%13.6%11.7%6.8%2.2%2.3%-
Value Creation Index -1.0-0.8-0.6-0.5-0.3-0.0-0.2-0.5-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 215247319303345398411360321409481
YoY Gr. Rt. %-14.5%29.1%-5%14%15.3%3.4%-12.4%-10.8%27.4%-
Adj EPS -0.82.96.911.317.426.423.814.13.43.16.1
YoY Gr. Rt. %-NA138.1%62.9%54.4%51.4%-9.7%-40.7%-76%-8.6%-
BVPS (₹) 131134.9141.8150.3170.4192.7210.8217.3221.3223.5226
Adj Net Profit -1.24.19.715.824.436.933.419.84.74.39
Cash Flow from Ops. 14.736.736.240.970.177.858.736.230.140.5-
Debt/CF from Ops. 11.22.31.80.70.40.40.61.72.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%3.5%-0.2%27.4%
Adj EPS NA-29.2%-49.3%-8.6%
BVPS 6.15.621
Share Price 16.1% -21.6% 5.7% -23.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -0.62.257.710.914.511.86.61.51.42.7
Op. Profit Mgn % 7.511.512.917.519.321.418.814.410.69.79.7
Net Profit Mgn % -0.51.73.15.27.19.38.15.51.51.11.8
Debt to Equity 0.10.20.40.40.20.10.10.10.20.3-
Working Cap Days 14111596105981071211321411170
Cash Conv. Cycle 765338434039465156440

Recent Performance Summary

Sales growth is good in last 4 quarters at 20.31%

Return on Equity has declined versus last 3 years average to 2.70%

Sales growth has been subdued in last 3 years -0.16%

Latest Financials - PPAP Automotive Ltd.

Standalone Consolidated
TTM EPS (₹) 6.1 -2
TTM Sales (₹ Cr.) 481 501
BVPS (₹.) 226 214.8
Reserves (₹ Cr.) 302 287
P/BV 0.69 0.73
PE 25.64 0.00
From the Market
52 Week Low / High (₹) 147.85 / 282.80
All Time Low / High (₹) 23.05 / 721.00
Market Cap (₹ Cr.) 218
Equity (₹ Cr.) 14
Face Value (₹) 10
Industry PE 31.9

Management X-Ray of PPAP Automotive :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of PPAP Automotive

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

PPAP Automotive Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PPAP Automotive on 31-Mar-2023 18:02 is : 156.0.
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 31-Mar-2023 18:02 the market cap of PPAP Automotive stood at ₹ 218.4.
The latest PE ratio of PPAP Automotive as of 31-Mar-2023 18:02 is 25.64.
The latest PB ratio of PPAP Automotive as of 31-Mar-2023 18:02 is 0.69
The 52-week high of PPAP Automotive is ₹ 282.8 and the 52-week low is ₹ 147.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of PPAP Automotive is ₹ 480.6 ( Cr.) .

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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