PPAP Automotive Ltd - Stock Valuation and Financial Performance

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

PPAP Automotive Ltd Share Price

215.20 6.20 2.97%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on PPAP Automotive

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

PPAP Automotive stock performance -

mw4me loader
P/E Ratio (SA):
119.97
Market Cap:
301 Cr.
52-wk low:
147.9
52-wk high:
294.7

Is PPAP Automotive Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3%5.9%7.6%10%13.6%11.7%6.8%2.2%2.3%3.5%-
Value Creation
Index
-0.8-0.6-0.5-0.30.0-0.2-0.5-0.8-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 247319303345398411360321409492499
Sales YoY Gr.-29.1%-5%14%15.3%3.4%-12.4%-10.8%27.4%20.4%-
Adj EPS 2.96.911.317.426.423.814.13.43.15.11.8
YoY Gr.-138.1%62.9%54.4%51.4%-9.7%-40.7%-76%-9.1%65.6%-
BVPS (₹) 134.9141.8150.3170.4192.7210.8217.3221.3223.5225.7227.1
Adj Net
Profit
4.19.715.824.436.933.419.84.74.37.13
Cash Flow from Ops. 36.736.240.970.177.858.736.230.140.539.6-
Debt/CF from Ops. 1.22.31.80.70.40.40.61.72.33.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%4.4%11%20.4%
Adj EPS 6.4%-28%-28.8%65.6%
BVPS5.9%3.2%1.3%1%
Share Price 15.4% -4.5% -3.8% 10.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.257.710.914.511.86.61.51.42.30.8
Op. Profit
Mgn %
11.512.917.519.321.418.814.410.69.79.48.6
Net Profit
Mgn %
1.73.15.27.19.38.15.51.51.11.50.5
Debt to
Equity
0.20.40.40.20.10.10.10.20.30.4-
Working Cap
Days
115961059810712113214111710952
Cash Conv.
Cycle
533843403946515644373

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.99%

Return on Equity has declined versus last 3 years average to 0.80%

Sales growth is not so good in last 4 quarters at 3.76%

Latest Financials - PPAP Automotive Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 -5.1
TTM Sales (₹ Cr.) 499 519
BVPS (₹.) 227.1 207.9
Reserves (₹ Cr.) 304 277
P/BV 0.95 1.03
PE 119.97 0.00
From the Market
52 Week Low / High (₹) 147.85 / 294.70
All Time Low / High (₹) 23.05 / 721.00
Market Cap (₹ Cr.) 301
Equity (₹ Cr.) 14
Face Value (₹) 10
Industry PE 46.6

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 (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

PPAP Automotive Ltd Stock News

PPAP Automotive Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PPAP Automotive on 23-Feb-2024 16:59 is ₹215.2.
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 23-Feb-2024 16:59 the market cap of PPAP Automotive stood at ₹301.0.
The latest P/E ratio of PPAP Automotive as of 23-Feb-2024 16:59 is 120.0.
The latest P/B ratio of PPAP Automotive as of 23-Feb-2024 16:59 is 0.95.
The 52-week high of PPAP Automotive is ₹294.7 and the 52-week low is ₹147.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PPAP Automotive is ₹498.7 ( 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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