Nifty

:

11274.20

Sensex

:

38014.62

569.40 (5.32%)
1921.15 (5.32%)

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Nifty
Sensex

:
:

11274.20
38014.62

569.40 (5.32%)
1921.15 (5.32%)

PPAP Automotive Ltd.

Auto Ancillary

Rating :

35/99

BSE: 532934 | NSE: PPAP

Watchlist

NSE BSE

194.35

20-Sep-2019

Open
High
Low
Previous Close

178.00
197.90
175.00
179.45

Volume
Traded Value (lacs)
52 Week High
52 Week Low

49065
94.24
468.70
154.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

268.52
8.85
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

292.60
2.35%
0.89

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales

Revenue CAGR (%)

10 Years
5 Years
3 Years

9.19
5.23
6.01

EBITDA CAGR (%)

10 Years
5 Years
3 Years

7.10
13.55
3.03

PAT CAGR (%)

10 Years
5 Years
3 Years

9.42
22.67
10.09

P:E (Median)

8 Years
5 Years
3 Years

12.36
13.36
16.56

P:BV (Average)

8 Years
5 Years
3 Years

1.11
1.52
1.97

EV:EBITDA (Average)

8 Years
5 Years
3 Years

4.99
6.40
7.34

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 92.05 99.69 -7.66% 99.13 127.62 -22.32% 93.52 90.22 3.66% 118.64 97.46 21.73%
Expenses 76.81 79.82 -3.77% 81.92 98.95 -17.21% 77.56 70.96 9.30% 94.49 76.45 23.60%
EBITDA 15.24 19.88 -23.34% 17.21 28.68 -39.99% 15.96 19.26 -17.13% 24.15 21.01 14.95%
EBIDTM 16.55% 19.94% 17.36% 22.47% 17.06% 21.34% 20.36% 21.56%
Other Income 0.21 0.24 -12.50% 0.35 0.47 -25.53% 0.25 0.63 -60.32% 0.24 0.73 -67.12%
Interest 0.65 1.05 -38.10% 0.85 0.99 -14.14% 0.84 1.07 -21.50% 1.31 1.14 14.91%
Depreciation 6.44 6.45 -0.16% 6.57 6.73 -2.38% 6.46 6.33 2.05% 6.52 6.50 0.31%
PBT 8.36 12.63 -33.81% 10.13 21.42 -52.71% 8.90 12.49 -28.74% 16.57 14.09 17.60%
Tax 2.60 3.78 -31.22% 3.07 7.33 -58.12% 2.96 4.31 -31.32% 5.00 4.88 2.46%
PAT 5.76 8.85 -34.92% 7.06 14.09 -49.89% 5.94 8.18 -27.38% 11.57 9.21 25.62%
PATM 6.26% 8.88% 7.12% 11.04% 6.35% 9.07% 9.75% 9.45%
EPS 4.11 6.32 -34.97% 5.04 10.06 -49.90% 4.24 5.84 -27.40% 8.26 6.58 25.53%

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 92.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses 76.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 15.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIDTM 16.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 6.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 8.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax 2.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 5.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PATM 6.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 4.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 403.34 410.98 397.62 345.01 302.75 318.50 246.76 215.43 184.64 203.78 170.63 Net Sales Growth -2.81% 3.36% 15.25% 13.96% -4.95% 29.07% 14.54% 16.68% -9.39% 19.43% Cost Of Goods Sold 208.63 198.18 188.60 172.07 151.62 188.16 135.46 122.11 92.43 91.76 80.01 Gross Profit 194.71 212.80 209.02 172.94 151.13 130.34 111.30 93.31 92.22 112.01 90.62 GP Margin 48.27% 51.78% 52.57% 50.13% 49.92% 40.92% 45.10% 43.31% 49.95% 54.97% 53.11% Total Expenditure 330.78 333.56 312.60 278.33 250.49 277.49 218.52 199.53 154.13 152.42 131.64 Power & Fuel Cost - 11.03 9.49 7.77 8.02 8.59 8.87 8.89 6.38 6.86 5.71 % Of Sales - 2.68% 2.39% 2.25% 2.65% 2.70% 3.59% 4.13% 3.46% 3.37% 3.35% Employee Cost - 71.33 63.23 53.26 47.04 41.40 35.44 34.97 29.44 24.44 17.51 % Of Sales - 17.36% 15.90% 15.44% 15.54% 13.00% 14.36% 16.23% 15.94% 11.99% 10.26% Manufacturing Exp. - 23.74 23.63 21.65 23.80 18.41 20.93 20.87 15.06 16.17 13.65 % Of Sales - 5.78% 5.94% 6.28% 7.86% 5.78% 8.48% 9.69% 8.16% 7.94% 8.00% General & Admin Exp. - 15.86 16.86 14.01 11.04 9.90 8.45 6.70 6.18 5.93 7.69 % Of Sales - 3.86% 4.24% 4.06% 3.65% 3.11% 3.42% 3.11% 3.35% 2.91% 4.51% Selling & Distn. Exp. - 12.24 10.00 8.83 7.66 10.31 8.88 8.31 6.50 5.64 3.83 % Of Sales - 2.98% 2.51% 2.56% 2.53% 3.24% 3.60% 3.86% 3.52% 2.77% 2.24% Miscellaneous Exp. - 1.17 0.79 0.73 1.30 0.72 0.49 0.55 1.71 1.62 3.83 % Of Sales - 0.28% 0.20% 0.21% 0.43% 0.23% 0.20% 0.26% 0.93% 0.79% 1.90% EBITDA 72.56 77.42 85.02 66.68 52.26 41.01 28.24 15.90 30.51 51.36 38.99 EBITDA Margin 17.99% 18.84% 21.38% 19.33% 17.26% 12.88% 11.44% 7.38% 16.52% 25.20% 22.85% Other Income 1.05 1.07 2.59 2.07 1.30 4.14 8.49 4.16 2.76 3.27 0.88 Interest 3.65 4.27 4.57 6.34 8.04 7.78 3.50 1.46 0.42 1.55 4.08 Depreciation 25.99 26.00 25.99 24.39 22.76 21.54 19.75 18.11 18.08 16.01 14.17 PBT 43.96 48.23 57.05 38.03 22.77 15.84 13.48 0.49 14.78 37.06 21.61 Tax 13.63 14.81 19.64 12.97 7.49 3.81 2.56 -0.96 2.56 9.90 8.03 Tax Rate 31.01% 30.71% 34.43% 34.10% 32.89% 24.05% 31.92% -165.52% 16.57% 26.71% 37.16% PAT 30.33 33.42 37.41 25.05 15.27 12.03 5.46 1.54 12.89 27.17 13.58 PAT before Minority Interest 30.33 33.42 37.41 25.05 15.27 12.03 5.46 1.54 12.89 27.17 13.58 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 7.52% 8.13% 9.41% 7.26% 5.04% 3.78% 2.21% 0.71% 6.98% 13.33% 7.96% PAT Growth -24.80% -10.67% 49.34% 64.05% 26.93% 120.33% 254.55% -88.05% -52.56% 100.07% Unadjusted EPS 21.65 23.87 26.72 17.90 10.91 8.59 3.90 1.10 9.20 19.40 9.70

Description TTM Mar 19 Mar 18 Mar 17 Mar 16
Net Sales - 410.98 397.62 345.01 318.63 Net Sales Growth - 3.36% 15.25% 8.28% Cost Of Goods Sold - 198.18 188.60 172.07 160.08 Gross Profit - 212.80 209.02 172.94 158.55 GP Margin - 51.78% 52.57% 50.13% 49.76% Total Expenditure - 333.56 312.60 278.33 265.44 Power & Fuel Cost - 11.03 9.49 7.77 8.54 % Of Sales - 2.68% 2.39% 2.25% 2.68% Employee Cost - 71.33 63.23 53.26 49.78 % Of Sales - 17.36% 15.90% 15.44% 15.62% Manufacturing Exp. - 23.74 23.63 21.65 25.16 % Of Sales - 5.78% 5.94% 6.28% 7.90% General & Admin Exp. - 15.86 16.86 14.01 11.83 % Of Sales - 3.86% 4.24% 4.06% 3.71% Selling & Distn. Exp. - 12.24 10.00 8.83 8.60 % Of Sales - 2.98% 2.51% 2.56% 2.70% Miscellaneous Exp. - 1.17 0.79 0.73 1.45 % Of Sales - 0.28% 0.20% 0.21% 0.46% EBITDA - 77.42 85.02 66.68 53.19 EBITDA Margin - 18.84% 21.38% 19.33% 16.69% Other Income - 1.07 2.59 2.07 1.09 Interest - 4.27 4.57 6.34 8.08 Depreciation - 26.00 25.99 24.39 24.67 PBT - 48.23 57.05 38.03 21.52 Tax - 14.81 19.64 12.97 7.49 Tax Rate - 30.71% 34.43% 34.10% 34.80% PAT - 33.42 37.41 25.05 14.03 PAT before Minority Interest - 33.42 37.41 25.05 14.03 Minority Interest - 0.00 0.00 0.00 0.00 PAT Margin - 8.13% 9.41% 7.26% 4.40% PAT Growth - -10.67% 49.34% 78.55% Unadjusted EPS - 24.10 28.08 19.97 10.02

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Shareholder's Funds 295.11 269.71 238.55 210.43 198.52 188.90 183.44 181.90 169.02 148.40 Share Capital 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 14.00 Total Reserves 281.11 255.71 224.55 196.43 184.52 174.90 169.44 167.90 155.02 134.40 Non-Current Liabilities 29.11 32.86 43.10 59.94 61.91 23.14 7.69 14.33 27.09 42.22 Secured Loans 12.94 16.44 27.68 44.20 50.71 15.07 0.00 0.16 2.54 27.03 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.06 0.06 2.81 2.81 6.38 Long Term Provisions 7.12 6.71 5.78 9.78 7.41 5.24 4.06 3.34 3.29 0.00 Current Liabilities 106.38 101.31 79.57 65.47 68.35 75.11 39.31 23.79 25.68 28.43 Trade Payables 40.21 31.55 24.41 20.57 24.75 18.31 15.00 14.63 8.59 8.14 Other Current Liabilities 45.44 48.15 35.77 27.91 24.10 32.93 9.04 3.31 1.90 3.42 Short Term Borrowings 3.76 1.21 8.27 14.48 17.03 22.97 14.20 0.00 0.00 0.00 Short Term Provisions 16.98 20.40 11.12 2.51 2.47 0.90 1.07 5.84 15.20 16.88 Total Liabilities 430.60 403.88 361.22 335.84 328.78 287.15 230.44 220.02 221.79 219.05 Net Block 237.22 211.00 197.12 193.98 192.77 140.80 124.35 115.76 119.31 124.80 Gross Block 311.04 260.29 221.10 320.43 306.43 245.51 215.28 188.85 175.74 165.23 Accumulated Depreciation 73.82 49.29 23.98 126.45 113.66 104.72 90.93 73.08 56.43 40.43 Non Current Assets 297.58 282.88 255.61 245.87 241.81 199.38 149.94 144.38 157.43 127.15 Capital Work in Progress 2.30 11.83 3.18 0.45 0.21 25.79 16.59 10.86 4.07 1.63 Non Current Investment 48.54 48.54 48.54 37.54 37.54 24.53 0.72 0.72 2.72 0.72 Long Term Loans & Adv. 6.55 9.33 4.48 11.64 10.72 8.11 8.28 8.92 22.97 0.00 Other Non Current Assets 2.97 2.18 2.30 2.26 0.57 0.15 0.00 8.12 8.36 0.00 Current Assets 133.02 120.99 105.60 89.98 86.98 87.78 80.51 75.64 64.36 89.38 Current Investments 0.00 0.00 2.51 0.00 0.00 0.00 0.00 0.00 0.00 20.25 Inventories 44.96 31.96 23.05 36.70 27.39 30.19 32.84 28.91 22.56 16.83 Sundry Debtors 57.42 55.23 48.80 38.18 39.08 32.61 26.56 31.28 20.96 14.98 Cash & Bank 0.51 1.44 2.22 0.34 1.36 1.91 5.91 9.25 14.24 2.73 Other Current Assets 30.12 5.37 4.28 5.68 19.15 23.07 15.20 6.20 6.60 34.59 Short Term Loans & Adv. 24.82 26.99 24.75 9.07 9.96 14.49 2.85 2.08 0.68 34.57 Net Current Assets 26.64 19.68 26.04 24.50 18.62 12.67 41.20 51.85 38.67 60.95 Total Assets 430.60 403.87 361.21 335.85 328.79 287.16 230.45 220.02 221.79 219.05

Description Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 295.42 269.69 236.59 205.53 Share Capital 14.00 14.00 14.00 14.00 Total Reserves 281.42 255.69 222.59 191.53 Non-Current Liabilities 29.11 32.86 43.10 55.40 Secured Loans 12.94 16.44 27.68 44.20 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 7.12 6.71 5.78 5.25 Current Liabilities 106.38 101.31 79.57 67.40 Trade Payables 40.21 31.55 24.41 22.33 Other Current Liabilities 45.44 48.15 35.77 28.06 Short Term Borrowings 3.76 1.21 8.27 14.48 Short Term Provisions 16.98 20.40 11.12 2.53 Total Liabilities 430.91 403.86 359.26 328.33 Net Block 237.22 211.00 197.12 217.24 Gross Block 311.04 260.29 221.10 347.53 Accumulated Depreciation 73.82 49.29 23.98 130.28 Non Current Assets 297.89 282.87 253.65 227.74 Capital Work in Progress 2.30 11.83 3.18 1.21 Non Current Investment 48.84 48.53 46.58 0.01 Long Term Loans & Adv. 6.55 9.33 4.48 7.02 Other Non Current Assets 2.97 2.18 2.30 2.26 Current Assets 133.02 120.99 105.60 100.60 Current Investments 0.00 0.00 2.51 1.78 Inventories 44.96 31.96 23.05 38.95 Sundry Debtors 57.42 55.23 48.80 40.12 Cash & Bank 0.51 1.44 2.22 0.99 Other Current Assets 30.12 5.37 4.28 17.62 Short Term Loans & Adv. 24.82 26.99 24.75 1.14 Net Current Assets 26.64 19.68 26.04 33.20 Total Assets 430.91 403.86 359.25 328.34

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Cash From Operating Activity 58.83 77.19 70.05 40.92 36.19 36.69 14.74 6.06 45.38 12.71 PBT 48.23 57.05 38.03 22.77 15.84 13.48 0.58 15.45 37.06 21.61 Adjustment 29.76 28.92 28.75 30.90 25.21 15.06 15.41 17.48 16.41 19.49 Changes in Working Capital -2.24 12.83 9.84 -8.98 -2.85 17.15 0.61 -17.11 -1.23 -22.21 Cash after chg. in Working capital 75.74 98.79 76.61 44.68 38.20 45.70 16.60 15.83 52.25 18.89 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -16.91 -21.60 -6.56 -3.76 -2.01 -3.55 -1.86 -9.77 -6.87 -6.18 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 -5.46 0.00 0.00 0.00 0.00 Cash From Investing Activity -43.13 -44.87 -42.68 -23.74 -58.97 -61.49 -28.30 -6.34 3.48 -0.44 Net Fixed Assets -41.22 -47.84 96.60 -14.24 -35.34 -39.43 -32.16 -19.90 -12.95 20.36 Net Investments 0.00 2.51 -13.51 0.00 -13.01 -23.81 0.00 2.00 18.25 0.27 Others -1.91 0.46 -125.77 -9.50 -10.62 1.75 3.86 11.56 -1.82 -21.07 Cash from Financing Activity -16.64 -33.10 -25.47 -18.18 23.33 20.58 9.23 -4.78 -37.37 -11.15 Net Cash Inflow / Outflow -0.94 -0.79 1.90 -1.00 0.55 -4.22 -4.33 -5.07 11.49 1.12 Opening Cash & Equivalents 1.37 2.15 0.25 1.25 0.70 4.92 9.25 14.24 2.73 1.26 Closing Cash & Equivalent 0.43 1.37 2.15 0.25 1.25 0.70 4.92 9.25 14.24 2.73

Description Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 58.83 77.19 70.05 41.16 PBT 48.23 57.05 38.03 21.52 Adjustment 29.76 28.92 28.75 32.65 Changes in Working Capital -2.24 12.83 9.84 -9.33 Cash after chg. in Working capital 75.74 98.79 76.61 44.84 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -16.91 -21.60 -6.56 -3.67 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -43.13 -44.87 -42.68 -24.23 Net Fixed Assets -41.22 -47.84 96.60 Net Investments 0.00 2.51 -13.51 Others -1.91 0.46 -125.77 Cash from Financing Activity -16.64 -33.10 -25.47 -18.21 Net Cash Inflow / Outflow -0.94 -0.79 1.90 -1.28 Opening Cash & Equivalents 1.37 2.15 0.25 2.19 Closing Cash & Equivalent 0.43 1.37 2.15 0.90

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Book Value (Rs.) 210.79 192.65 170.39 150.30 141.80 134.93 131.03 129.93 120.73 104.20 ROA 8.01% 9.78% 7.19% 4.60% 3.91% 2.11% 0.68% 5.83% 12.32% 6.07% ROE 11.83% 14.72% 11.16% 7.47% 6.21% 2.93% 0.84% 7.34% 17.25% 9.64% ROCE 16.96% 20.90% 15.42% 10.88% 9.20% 5.37% 1.06% 8.82% 21.84% 14.56% Fixed Asset Turnover 1.44 1.70 1.45 1.11 1.31 1.22 1.07 1.14 1.33 1.06 Receivable days 50.03 46.44 40.37 40.45 36.13 38.41 48.99 46.05 28.98 32.15 Inventory Days 34.16 24.55 27.73 33.55 29.02 40.92 52.31 45.37 31.75 29.60 Payable days 38.00 31.62 28.47 31.40 27.38 26.26 25.39 25.16 18.87 54.06 Cash Conversion Cycle 46.18 39.37 39.63 42.60 37.77 53.07 75.91 66.26 41.86 7.69 Total Debt/Equity 0.08 0.11 0.22 0.35 0.42 0.23 0.08 0.02 0.03 0.23 Interest Cover 12.30 13.48 7.00 3.83 3.04 3.29 1.40 37.62 24.85 6.30

Description Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 211.01 192.64 168.99 146.81 ROA 8.01% 9.80% 7.29% 4.27% ROE 11.83% 14.78% 11.33% 6.82% ROCE 16.95% 20.97% 15.61% 10.58% Fixed Asset Turnover 1.44 1.70 1.38 1.05 Receivable days 50.03 46.44 41.27 39.96 Inventory Days 34.16 24.55 28.78 38.80 Payable days 38.00 31.62 29.59 29.17 Cash Conversion Cycle 46.18 39.37 40.46 49.60 Total Debt/Equity 0.08 0.11 0.22 0.36 Interest Cover 12.30 13.48 7.00 3.66

Top Investors:

unatgagan commodities private limited

vanaja sundar iyer

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tokai kogyo co. ltd.

Annual Reports:

News Update:

PPAP Automotive - Quarterly Results
12th Aug 2019, 14:26 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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