Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,628.96 | 1,416.82 | 1,363.71 | 1,291.45 | 1,512.75 | 1,364.67 | 1,372.36 | 1,310.90 | 1,530.38 | 1,785.36 | 1,754.45 | 1,889.58 |
| Expenses | 1,547.55 | 1,355.70 | 1,301.01 | 1,246.47 | 1,459.13 | 1,334.04 | 1,346.54 | 1,277.69 | 1,485.13 | 1,733.56 | 1,701.32 | 1,831.66 |
| Operating Profit | 81.41 | 61.12 | 62.70 | 44.98 | 53.62 | 30.63 | 25.82 | 33.21 | 45.25 | 51.80 | 53.13 | 57.92 |
| OPM % | 5.00% | 4.31% | 4.60% | 3.48% | 3.54% | 2.24% | 1.88% | 2.53% | 2.96% | 2.90% | 3.03% | 3.07% |
| Other Income | 9.12 | 9.65 | 8.30 | 6.99 | 5.56 | 3.94 | 3.88 | 5.07 | 19.46 | 4.79 | 4.61 | 13.53 |
| Interest | 26.54 | 27.50 | 22.91 | 19.96 | 22.26 | 22.78 | 20.58 | 22.59 | 25.67 | 27.80 | 27.22 | 30.08 |
| Depreciation | 22.71 | 23.29 | 24.22 | 23.72 | 25.07 | 24.68 | 25.33 | 26.81 | 27.38 | 35.43 | 37.73 | 39.51 |
| Profit before tax | 41.28 | 19.98 | 23.87 | 8.29 | 11.85 | -12.89 | -16.21 | -11.12 | 11.66 | -6.64 | -7.21 | 1.86 |
| Tax % | 21.80% | 20.27% | 15.71% | 34.38% | 36.20% | -24.28% | -15.36% | -21.13% | 95.11% | -110.09% | -31.21% | 26.34% |
| Net Profit | 32.29 | 15.92 | 20.11 | 5.45 | 7.57 | -9.76 | -13.72 | -8.76 | 0.57 | 0.67 | -4.96 | 1.37 |
| EPS in Rs | 5.15 | 2.54 | 2.82 | 0.77 | 1.06 | -1.37 | -1.93 | -1.23 | 0.08 | 0.09 | -0.70 | 0.19 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,902 | 3,172 | 2,894 | 3,466 | 4,875 | 5,616 | 5,541 | 6,381 | 6,960 |
| Expenses | 3,770 | 3,064 | 2,742 | 3,303 | 4,653 | 5,357 | 5,383 | 6,193 | 6,752 |
| Operating Profit | 132 | 108 | 152 | 163 | 222 | 259 | 159 | 188 | 208 |
| OPM % | 3.4% | 3.4% | 5% | 4.7% | 4.5% | 4.6% | 2.9% | 2.9% | 3.0% |
| Other Income | 14 | 35 | 26 | 18 | 17 | 33 | 20 | 34 | 42 |
| Interest | 66 | 74 | 58 | 64 | 74 | 102 | 89 | 108 | 111 |
| Depreciation | 48 | 61 | 72 | 69 | 79 | 92 | 99 | 127 | 140 |
| Profit before tax | 32 | 8 | 47 | 49 | 85 | 98 | -9 | -13 | -0 |
| Tax % | 32% | -56% | 31% | 31% | 24% | 22% | 17% | -6% | |
| Net Profit | 21 | 12 | 32 | 34 | 64 | 76 | -10 | -12 | -2 |
| EPS in Rs | 17.04 | 9.96 | 25.88 | 26.84 | 51.07 | 10.69 | -1.47 | -1.75 | -0.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 17% | 9% | 25% | ||
| Compounded Profit Growth | % | % | % | 94% | ||
| Stock Price CAGR | % | % | % | -35% | ||
| Return on Equity | % | 4% | 0% | -8% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 |
| Reserves | 185 | 200 | 233 | 267 | 330 | 639 | 625 | 614 |
| Borrowings | 797 | 645 | 650 | 756 | 938 | 925 | 922 | 1,406 |
| Other Liabilities | 219 | 276 | 230 | 232 | 229 | 381 | 348 | 353 |
| Total Liabilities | 1,214 | 1,134 | 1,126 | 1,268 | 1,510 | 1,959 | 1,909 | 2,387 |
| Fixed Assets | 406 | 472 | 464 | 564 | 671 | 733 | 721 | 1,074 |
| CWIP | 28 | 29 | 17 | 12 | 8 | 15 | 9 | 27 |
| Investments | 2 | 11 | 5 | 6 | 6 | 28 | 14 | 19 |
| Other Assets | 778 | 622 | 640 | 685 | 825 | 1,183 | 1,166 | 1,266 |
| Total Assets | 1,214 | 1,134 | 1,126 | 1,268 | 1,510 | 1,959 | 1,909 | 2,387 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -47 | 339 | 95 | 70 | 109 | 80 | 151 | 100 |
| Cash from Investing Activity | -50 | -28 | -7 | -41 | -80 | -88 | -39 | -146 |
| Cash from Financing Activity | 84 | -299 | -71 | -65 | -24 | 39 | -142 | 87 |
| Net Cash Flow | -13 | 13 | 18 | -37 | 5 | 31 | -30 | 42 |
| Free Cash Flow | -99 | 319 | 79 | 26 | 56 | 8 | 154 | 104 |
| CFO/OP | -20% | 323% | 62% | 52% | 61% | 42% | 108% | 68% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 13 | 20 | 19 | 17 | 19 | 15 | 15 |
| Inventory Days | 39 | 40 | 48 | 46 | 39 | 46 | 45 | 41 |
| Days Payable | 8 | 18 | 10 | 11 | 8 | 12 | 6 | 7 |
| Cash Conversion Cycle | 55 | 34 | 58 | 54 | 48 | 53 | 53 | 49 |
| Working Capital Days | -5 | -11 | 3 | 7 | 4 | 14 | 15 | -2 |
| ROCE % | 6% | 11% | 12% | 13% | 14% | 5% | 4% |
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 61.18% | 61.18% | 61.18% | 61.18% | 61.18% | 61.18% | 61.18% | 61.18% | 61.36% | 61.38% |
| FIIs | 7.01% | 16.01% | 14.52% | 12.85% | 12.66% | 10.88% | 10.58% | 10.43% | 10.32% | 10.28% |
| DIIs | 10.26% | 12.12% | 12.98% | 12.19% | 11.73% | 10.49% | 10.57% | 10.20% | 10.00% | 9.84% |
| Public | 21.54% | 10.68% | 11.33% | 13.78% | 14.43% | 17.44% | 17.67% | 18.17% | 18.32% | 18.49% |
| No. of Shareholders | 93,690 | 72,611 | 67,273 | 68,160 | 66,109 | 64,486 | 62,434 | 59,734 | 57,769 | 56,810 |
Fundamentals
Market Cap₹ 691 Cr.
Current Price₹ 97.0
Book Value₹ 88.2
ROCE4.27 %
ROE-8.28 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)94%
Consolidated figures.
Valuation
Market capRs 640 Cr
Enterprise valueRs 1,504 Cr
Price to book0.98x
Price to sales0.09x
EV / EBITDA6.00x
EV / EBIT13.62x
EV / sales0.22x
Price to cash flow8.00x
Earnings yield-0.37%
Dividend yield0.56%
P/E, 3-year average23.35x
P/B, 3-year average2.72x
P/E, 5-year average23.35x
P/B, 5-year average2.72x
Profitability
Operating margin (excl. other income)4.61%
Operating margin (incl. other income)5.19%
EBITDA margin3.60%
Pre-tax margin-0.00%
Net profit margin-0.03%
Net margin, latest quarter0.07%
ROE15.27%
ROCE13.95%
ROA4.39%
ROE, 3-year average16.22%
ROCE, 3-year average13.09%
ROA, 3-year average3.94%
ROE, 5-year average13.78%
ROCE, 5-year average12.01%
ROA, 5-year average3.15%
ROIC (approx.)5.67%
Tax rate22.14%
Other income / net worth5.02%
Growth
Sales growth (latest year)15.19%
Profit growth (latest year)18.75%
Sales CAGR, 3 years24.73%
Sales CAGR, 5 years7.55%
Profit CAGR, 3 years32.83%
Profit CAGR, 5 years28.91%
Sales growth QoQ7.70%
Sales growth YoY (latest quarter)44.14%
Per share
EPS (TTM)Rs -0.33
EPS (latest year)Rs 10.69
EPS (latest quarter)Rs 0.19
EPS, 3-year averageRs 29.54
EPS, 5-year averageRs 24.89
Book value per shareRs 91.74
Sales per shareRs 977.50
Cash flow per shareRs 11.23
Free cash flow per shareRs 14.61
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout4.68%
Dividend payout, 3-year average4.68%
Dividend payout, 5-year average4.68%
Efficiency
Asset turnover2.87x
Fixed asset turnover7.66x
Inventory turnover8.20x
Inventory days45 days
Debtor days19 days
Debtors turnover18.91x
Creditor days7 days
Cash conversion cycle49 days
Working capital days-2 days
Leverage
Total debtRs 925 Cr
Cash and bankRs 61 Cr
Net debtRs 864 Cr
Debt to equity1.42x
Net debt / EBITDA3.45x
Interest coverage1.00x
Current ratio (filing 2026-03-31)1.04x
Quick ratio (filing 2026-03-31)0.45x
Trade payables (filing 2026-03-31)Rs 102 Cr
Owners' fund to total sources33.34%
Debt to assets47.21%
Cash flow
Cash from Operating Activity (latest year)Rs 80 Cr
Cash from Investing Activity (latest year)Rs -88 Cr
Cash from Financing Activity (latest year)Rs 39 Cr
Net Cash Flow (latest year)Rs 31 Cr
Free cash flow (latest year)Rs 104 Cr
FCFE (approx.: FCF + change in debt)Rs 91 Cr
Cash from ops / profit, 5 years3.36x
Sales to cash flow70.26x
Statement figures
Net sales (TTM)Rs 6,960 Cr
Net sales (latest year)Rs 5,616 Cr
Sales (latest quarter)Rs 1,890 Cr
Operating profit excl. other income (latest year)Rs 259 Cr
Operating profit (latest quarter)Rs 58 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 250 Cr
PBDT (TTM)Rs 140 Cr
Profit before tax (TTM)Rs -0 Cr
Tax (latest year)Rs 22 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs 76 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 140 Cr
Depreciation (latest quarter)Rs 40 Cr
Interest (TTM)Rs 111 Cr
Cost of goods sold (latest year)Rs 4,884 Cr
Total expenditure (latest year)Rs 5,357 Cr
Total income (latest year)Rs 5,648 Cr
Share capitalRs 14 Cr
ReservesRs 639 Cr
Shareholders' fundsRs 653 Cr
Total assetsRs 1,959 Cr
Net blockRs 733 Cr
Capital work in progressRs 15 Cr
InvestmentsRs 28 Cr
ReceivablesRs 297 Cr
InventoryRs 596 Cr
Other liabilitiesRs 381 Cr
Shares outstanding (crore)7.12
Ownership
Promoter holding61.38% (+0.20 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.98 is the lowest in 2.7 years (median 2.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | PVSL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.9% | -2.8% | -6.1 pts |
| 1 month | -13.3% | -6.8% | -6.6 pts |
| 3 months | -3.7% | -7.6% | +3.9 pts |
| 6 months | +4.5% | +0.4% | +4.1 pts |
| 1 year | -38.1% | -9.9% | -28.2 pts |
| 2 years | -59.4% | -13.6% | -45.8 pts |
6 mutual fund schemes hold about ₹72 Cr.
Over three months 3 bought more and 2 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC ELSS-Tax Saver Fund | 0.32% | 52 | +16% |
| HDFC Value Fund | 0.12% | 10 | +44% |
| HDFC Dividend Yield Fund | 0.15% | 8 | +21% |
| HDFC Transportation and Logistics Fund | 0.12% | 3 | +1% |
| HDFC Retirement Fund-Hybrid-Equity Plan | 0.00% | 0 | -100% |
| HDFC Retirement Fund-Hybrid-Debt Plan | 0.00% | 0 | -100% |
Red flags
F-score 5 of 8| explain | Share dilution Share count up 470% in a year, 470% in three |
| look | Auditor change Auditor change 2026-08-29: Popular Vehicles and Services Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | Regulator order or action Regulator order or action 2025-12-17: Popular Vehicles and Services Limited has informed the Exchange about Action(s) taken or orders passed |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,890 Cr +44.1% vs Jun 2025.
Net profit ₹1 Cr +115.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Landmark Cars Ltd | 2,016 | 42.8 | 9.26 % |
| Competent Automobiles Company Ltd | 222 | 8.91 | 8.70 % |
| Amba Auto Sales and Services Ltd | 183 | 13.0 | 32.5 % |
| Bikewo Green Tech Ltd | 153 | 46.8 | 11.0 % |
| Resourceful Automobile Ltd | 12 | 8.09 | 11.9 % |
| Naksh Precious Metals Ltd | 4 | -9.93 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-17 | Dividend - Rs 0.50 Per Share | |
| 2024-09-17 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)
Quick answers
What is the market cap of Popular Vehicles & Services Ltd?
Popular Vehicles & Services Ltd (PVSL) has a market capitalisation of Rs 691 Cr. at the 2026-10-01 close.
What were Popular Vehicles & Services Ltd's latest quarterly results?
In the Jun 2026 quarter, Popular Vehicles & Services Ltd sales was Rs 1,890 Cr (+44.1% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Popular Vehicles & Services Ltd?
The 52-week high is Rs 163.00 and the 52-week low is Rs 82.41.