Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of PPAP Automotive Ltd
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
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
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
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
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% |