PPAP Automotive Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹301 Cr
- P/E
- 73.94
- ROE
- -4.66%
- Price to sales
- 0.51
- Debt to equity
- 0.61
- 52W high / low
- ₹372 / ₹177
- Sales growth (5Y)
- 11.97%
- EBITDA margin
- 9.00%
- Net profit margin
- -2.59%
- Promoter holding
- 64.31%
- Sales (last year)
- ₹607 Cr
Incorporated in 1995, PPAP Automotive Ltd develops plastic and driver-based extrusion systems, plastic injection moulding systems and high-precision plastic injection tooling[1]
Guidance scorecard · Q1 FY27 call
What PPAP Automotive Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
20–40%- Q1 FY27 showed strong 34% consolidated revenue growth, building on recent positive momentum.
- Company expects sustained growth momentum throughout FY27 and beyond.
- Actions taken over last 2-3 years now yielding results, supporting good growth in current and next year.
- Healthy order pipeline across ICE and EV platforms indicating strong future demand.
- Aftermarket business growing at ~30% YoY, expected to continue at this rate; long-term target: ~10% of revenues.
- Industrial products and tooling businesses show strong growth potential, supporting revenue diversification.
- New technology partnership with Hutchinson expected to enhance capabilities and add revenue by year-end.
2 more points from PPAP Automotive Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what PPAP Automotive Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- For FY '27, PPAP Automotive has outlined capex primarily focused on the EPDM business, specifically injection molding and plastic extrusion, with one new line operational in Q2 and two more lines planned in the year.
- Investment will also be made in the tooling business.
- Technology partnership with Hutchinson entails technological investments in machines and equipment for new product development.
- The tooling business is undergoing restructuring to operate independently under Meraki Precision Tool Engineering Limited from Q3 FY '27, which may involve further investment.
FundraisingQ1 FY27 call
See what PPAP Automotive Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- During Q1 FY27, PPAP Automotive Limited secured lifetime orders worth INR131 crores, a 51.8% year-on-year growth.
- EV programs contributed nearly INR64 crores to this orderbook.
- The tooling business received orders for 30 molds in Q1 and maintains a strong pipeline of 124 molds.
2 more points from PPAP Automotive Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of PPAP Automotive Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of PPAP Automotive Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 132 | 116 | 148 | 122 | 136 | 123 | 145 | 139 | 147 | 117 | 137 | 139 | 175 |
| Expenses + | 124 | 110 | 136 | 114 | 124 | 111 | 129 | 125 | 132 | 107 | 124 | 126 | 158 |
| Operating Profit | 8 | 6 | 12 | 9 | 11 | 12 | 16 | 14 | 15 | 9 | 13 | 13 | 17 |
| OPM % | 6% | 5% | 8% | 7% | 8% | 10% | 11% | 10% | 10% | 8% | 9% | 9% | 10% |
| Other Income + | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 50 |
| Interest | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 9 | 9 |
| Profit before tax | -3 | -4 | 0 | -4 | -1 | 0 | 4 | 2 | 3 | -3 | -0 | 0 | 53 |
| Tax % | -12% | -31% | -17% | -25% | 768% | 0% | 26% | 16% | 19% | -23% | -50% | -133% | 15% |
| Net Profit + | -2 | -3 | 1 | -3 | -8 | 0 | 3 | 2 | 2 | -2 | -0 | 0 | 45 |
| EPS in Rs | -1.63 | -1.96 | 0.39 | -1.91 | -5.83 | 0.07 | 2.03 | 1.15 | 1.72 | -1.61 | -0.04 | 0.05 | 32.20 |
Financials of PPAP Automotive Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 319 | 343 | 398 | 404 | 359 | 322 | 422 | 511 | 523 | 554 | 567 |
| Expenses + | 265 | 277 | 313 | 327 | 309 | 290 | 386 | 474 | 483 | 496 | 516 |
| Operating Profit | 53 | 67 | 85 | 77 | 50 | 32 | 36 | 37 | 39 | 58 | 51 |
| OPM % | 17% | 19% | 21% | 19% | 14% | 10% | 8% | 7% | 8% | 10% | 9% |
| Other Income + | 1 | 5 | 4 | 1 | 0 | 2 | 1 | 1 | 2 | 3 | 52 |
| Interest | 8 | 6 | 5 | 4 | 3 | 4 | 7 | 12 | 15 | 17 | 17 |
| Depreciation | 25 | 24 | 26 | 26 | 26 | 26 | 29 | 31 | 34 | 34 | 36 |
| Profit before tax | 22 | 41 | 59 | 49 | 22 | 3 | 0 | -5 | -8 | 9 | 50 |
| Tax % | 35% | 32% | 33% | 30% | 17% | 35% | 708% | 16% | 62% | 21% | 14% |
| Net Profit + | 14 | 28 | 39 | 34 | 18 | 2 | -1 | -6 | -13 | 7 | 43 |
| EPS in Rs | 10.02 | 19.97 | 28.08 | 24.10 | 13.00 | 1.50 | -0.56 | -4.24 | -9.31 | 4.97 | 30.60 |
| Dividend Payout % | 20% | 15% | 16% | 19% | 23% | 67% | -266% | -35% | -13% | 50% | 5% |
Financials of PPAP Automotive Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 192 | 223 | 256 | 281 | 289 | 292 | 290 | 281 | 269 | 274 | 327 |
| Borrowings + | 74 | 52 | 30 | 25 | 22 | 52 | 110 | 152 | 162 | 175 | 207 |
| Other Liabilities + | 48 | 64 | 87 | 95 | 80 | 85 | 86 | 102 | 110 | 105 | 193 |
| Total Liabilities | 328 | 353 | 386 | 415 | 406 | 443 | 500 | 548 | 556 | 568 | 741 |
| Fixed Assets + | 217 | 197 | 211 | 237 | 230 | 244 | 284 | 319 | 313 | 316 | 321 |
| CWIP | 1 | 3 | 12 | 2 | 8 | 20 | 21 | 11 | 17 | 27 | 43 |
| Investments | 2 | 49 | 49 | 49 | 48 | 46 | 46 | 42 | 43 | 44 | 96 |
| Other Assets + | 108 | 103 | 115 | 127 | 119 | 133 | 148 | 177 | 183 | 181 | 281 |
| Total Assets | 328 | 353 | 386 | 415 | 406 | 443 | 500 | 548 | 556 | 568 | 741 |
Financials of PPAP Automotive Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 41 | 70 | 78 | 59 | 36 | 26 | 21 | 30 | 41 | 52 | 33 |
| Cash from Investing Activity + | -24 | -43 | -45 | -43 | -27 | -49 | -71 | -58 | -30 | -35 | -41 |
| Cash from Financing Activity + | -18 | -25 | -33 | -17 | -6 | 21 | 49 | 28 | -9 | -17 | 8 |
| Net Cash Flow | -1 | 2 | -1 | -1 | 3 | -2 | -1 | 0 | 1 | -0 | 1 |
| Free Cash Flow | 14 | 40 | 29 | 16 | 11 | -26 | -49 | -25 | 10 | 14 | -19 |
| CFO/OP | 84% | 115% | 117% | 98% | 95% | 87% | 68% | 88% | 108% | 94% | 84% |
Financials of PPAP Automotive Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 52 | 51 | 52 | 41 | 68 | 48 | 46 | 47 | 48 | 67 |
| Inventory Days | 84 | 47 | 61 | 82 | 96 | 92 | 88 | 97 | 88 | 79 | 111 |
| Days Payable | 48 | 49 | 60 | 73 | 81 | 98 | 76 | 81 | 73 | 87 | 115 |
| Cash Conversion Cycle | 82 | 49 | 51 | 60 | 56 | 62 | 60 | 63 | 62 | 40 | 63 |
| Working Capital Days | 35 | 23 | 17 | 24 | 26 | 42 | 25 | -2 | -13 | -19 | 4 |
| ROCE % | 17% | 22% | 17% | 8% | 2% | 2% | 2% | 2% | 6% | 4% |
Guidance history
How PPAP Automotive Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What PPAP Automotive Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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