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Popular Vehicles & Services Ltd share Price Today

Company details

220.95
227.30
207.80
296.55
6M Return 0.00%
1Y Return -19.23%
Mkt Cap.(Cr) 1,588.07
Volume 54,584
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 54,584

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Specialty Retail company Popular Vehicles and Services announced FY24 results:

  • Total Income stood at Rs 5,646.7 crore; up 15.4% on YoY basis
  • EBITDA (incl. other income) stood at Rs 286.1 crore; up by 21.81% on YoY basis with margins at 5.1%
  • Profit after Tax (PAT) stood at Rs 76.1 crore, up by 18.7% on YoY basis with margins at 1.3%
  • For FY24, the Board of Directors have recommended final dividend of Rs 0.5 (25%) per equity share of Face value Rs 2 each, subject to the approval of Shareholders.

Commenting on the results Naveen Philip, Promoter and MD, Popular Vehicles and Services Limited said, “We would like to thank all the Investors for the great support to make our IPO successful. The equity infusion in the Company will be utilized in debt reduction and further strengthen our Balance sheet. We have deployed Rs 192 crores by end of FY24 as intended and this will lead to interest savings in FY25.

In FY24, the sales volume excluding service business de-grew by 4%, however the Revenue increased by 14%. The growth was led by sales of premium vehicles. The luxury segment revenue doubled this year. This growth is inspite facing multiple external challenges such as floods in Tamil Nadu in December 2023 and nonavailability of cars for one of our OEM in Q4.

Going ahead, we believe growth will be driven by sale of premium vehicle and Electric vehicles. This strategy has helped us to successfully diversify and expanded our product offerings across vehicle spectrum.

The Services & Repairs and Spare Parts Distribution businesses did exceedingly well this year. We saw volume growth of 10% and Revenue growth of 21% in the services & repairs business. This is a high margin business with higher contribution to EBITDA. We expect to grow this business with financial prudence, in the years to come leading to margin expansion at consolidated level.

As a part of our strategy to focus on non-Kerala markets, we recently inaugurated new 3S facility exclusively offering Bharat Benz vehicles in the state of Maharashtra. This is our 5th touchpoint in this state. This will further increase our Non-Kerala revenues which stood at 38% in FY24 up from 26% in FY21. We will look to diversify geographically in the coming years.

On the back of IPO proceeds, repayment of Debt and a strong Balance Sheet, the credit rating for our borrowings got upgraded for our company and 2 of our subsidiaries. This will bring down our interest cost in FY25.

Looking forward we shall continue to deliver strong performance on the back of our laid down strategy of de-risking revenue streams, focus on high margin businesses, increase wallet share from existing dealerships and adding new relationships. Over the years we have established a strong legacy forged by deep partnerships with OEMs, integrated business model and delivering greater value to end customers.”

Result PDF

View Other Company Results

Popular Vehicles & Services Ltd shares SWOT Analysis

Strengths (6)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (3)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results
  • RSI indicating price weakness

Resistance and support

R1 226.6
R2 230.1
R3 232.9
Pivot

223.77

S1 220.2
S2 217.4
S3 213.9
EMA SMA
227.2
-
-
-
223.1
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-
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
Francis Kuttukaran Paul PROMOTER 20.39%
John Kuttukaran Paul PROMOTER 20.39%
Naveen Philip PROMOTER 20.39%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Popular Vehicles & Services Ltd Stocks COMPARISON

Financials( in Cr) Popular Vehicles & Services Ltd Adani Enterprises Ltd Aegis Logistics Ltd Cello World Ltd Redington Ltd
Price 223.05 3,258.80 734.40 862.90 198.15
% Change -0.42 0.45 -2.67 1.86 -2.80
Mcap Cr 1,588.07 371,503.53 25,777.44 18,313.41 15,490.85
Revenue TTM Cr 4,875.00 69,420.18 8,627.21 1,796.70 79,376.78
Net Profit TTM Cr 64.07 475.37 510.70 285.07 1,439.39
PE TTM 23.19 99.49 46.50 54.11 13.06
1 Year Return -19.23 28.60 103.24 8.99 13.75
ROCE 13.57 6.57 17.08 45.20 25.43
ROE 20.57 2.41 17.88 134.44 22.65
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 343.04 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 109,317.46 -33,313.91
LAST 6M 173,877.04 36,325.60
LAST 12M 271,641.54 124,224.97
Board Meeting for Today

May 28, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

May 28, 2024 l NSE Board Meetings Forthcomming

Popular Vehicles & Services to conduct board meeting

May 24, 2024 l BSE Announcement

Date Action Type Ratio
No data found

Popular Vehicles & Services Ltd Information

Stock PE (TTM)
23.19
Promoter Holding
61.18%
Book Value
89.0859
ROCE
13.57%
ROE
20.57%
Description
  • Popular Vehicles & Services Limited was originally incorporated as Popular Vehicles and Services Limited on July 5, 1983 at Kochi, Kerala, as a Public Limited Company. The Company converted to a Private Limited Company pursuant to a special resolution of Shareholders at the Extraordinary General Meeting (EGM) held on December 29, 2014 and the name changed to `Popular Vehicles and Services Private Limited` vide a fresh Certificate of Incorporation issued on March 24, 2015 by the RoC, Kerala at Ernakulam. Thereafter, the Company was subsequently got converted into a Public Limited and its name was changed to Popular Vehicles and Services Limited vide Certificate of incorporation consequent upon conversion issued on July 10, 2018 by the RoC. The Company is engaged in the business of sale and service of automobiles, spare parts and accessories, finance and insurance products. Headquartered in Kochi, India, the Company has operations in Kerala and Tamil Nadu. It is a leading diversified automotive dealership in India in terms of revenue, with a presence across the automotive retail value chain. It operate passenger vehicle dealerships of Maruti Suzuki India Limited, Honda Cars India Limited and Jaguar Land Rover India Limited and the commercial vehicle dealership of Tata Motors Limited. It classified business into four key segments, namely passenger cars, luxury vehicles and commercial vehicles. In 1984, Company started automobile dealership business and established their first Maruti Suzuki showroom in Trivandrum, Kerala; the `Popular Motors` dealership in Chennai, Tamil Nadu, for Maruti Suzuki passenger vehicles in 2002 and later on in 2015, the business in spare parts distribution. In 2016, the dealership with Bharat Benz, for cars manufactured under the brand `Bharat Benz`, was operational by Subsidiary, Kuttukaran Cars Private Limited (KCPL), formerly known as Prabal Motors Private Limited, which got demerged into Prabal Motors Private Limited, pursuant to a Scheme of Arrangement made by the High Court of Judicature at Ernakulam, dated March 31, 2016. The Appointed date for the Scheme was April 1, 2016. Pursuant to this Scheme, all the business undertakings of KCPL in relation to the dealership with Bharat Benz were transferred to and vested in Prabal Motors. As of March 31, 2021, Company operated through a network of 59 showrooms, 99 sales outlets and booking offices, 83 authorised service centres, 29 retail outlets, and 25 warehouses in Kerala, Chennai and Tamil Nadu. The JLR dealership, through luxury segment, was functional under `Marqland` brand through 3 showrooms and 3 service centres in Karnataka in March, 2021. The Company thereafter, got into the business of electric vehicle in 2021. The Company is planning to come out with an initial public offer by raising capital of Rs 150 crore Equity Shares through fresh issue and issuing 4,266,666 Equity Shares through Offer for Sale.

Registered Address

Kuttukaran Centre, Mamangalam Cochin, Ernakulam, Kerala, 682025

Tel : 91-484-2341 134
Email : cs:popularv.com
Website : http://www.popularmaruti.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 544144
NSE Code : PVSL
Book Closure Date (Month) :
BSE Group : B
ISIN : INE772T01024

FAQ’s on Popular Vehicles & Services Ltd Shares

You can buy Popular Vehicles & Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Popular Vehicles & Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 29, 2024 03:57 PM the closing price of Popular Vehicles & Services Ltd was Rs.223.05.

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 May 29, 2024 03:57 PM, the market cap of Popular Vehicles & Services Ltd stood at Rs. 1,588.07.

The latest PE ratio of Popular Vehicles & Services Ltd as of May 29, 2024 03:57 PM is 23.19

The latest PB ratio of Popular Vehicles & Services Ltd as of May 29, 2024 03:57 PM is 0.40

The 52-week high of Popular Vehicles & Services Ltd share price is Rs. 296.55 while the 52-week low is Rs. 207.80

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