PPAP Automotive Limited has informed the Exchange about Investor Presentation
PPAP · price
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PPAP Automotive Limited reported Q4 FY26 consolidated revenue of INR 174.6 crore (up 18.6% YoY) with EBITDA of INR 16.9 crore. For full year FY26, revenue stood at INR 567.1 crore (up 2.4% YoY) while EBITDA declined to INR 51.5 crore from INR 57.2 crore, with margins compressing to 9.1% from 10.3% due to lower volumes and higher material costs. The company disclosed robust order wins of INR 840 crore in FY26, including a major INR 460 crore order from Tata Motors covering plastic and rubber extrusion parts over 3-5 years. The company completed the sale of its 50% stake in PPAP Tokai India Rubber JV for INR 100 crore and announced plans to reorganize the Group under 'AJAY Group' brand, including merger of Avinya Battery business and slump sale of tooling business to Meraki Precision Tools. The Board recommended a dividend of INR 2.50 per share for FY26.
The miss on FY26 guidance (revenue INR 567 crore vs expected INR 577 crore, EBITDA INR 51.5 crore vs expected INR 58 crore) and margin contraction may create near-term negative sentiment. However, the massive INR 840 crore order pipeline provides strong revenue visibility for the next 3-5 years, while the JV sale and restructuring should strengthen the balance sheet and focus operations.