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NSE:PPAP

PPAP AUTOMOTIVE LIMITED

Automobile and Auto Components › Auto Components
₹216.80
at close · 29 Oct 2026
▲ 3.65 (+1.71%)

Latest filings

  1. Reg 74(5) certificate filed for quarter ended 30 September 2026 · Compliance
  2. NCLT meetings approve merger of Avinya Batteries into PPAP Automotive · Strategic Transactions
  3. NCLT meetings held for amalgamation of Avinya Batteries with PPAP Automotive · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures automotive body sealing systems and moulded plastic and rubber extrusion parts for Indian passenger vehicle OEMs. Secured INR840 cr of new business wins in FY26 across EV and ICE platforms, including a INR460 cr Tata Motors order for plastic and rubber extrusion parts over 3-5 years. Q4 FY26 consolidated revenue grew 18.6% YoY to INR174.6 cr at ~78% capacity utilization, while FY26 full-year revenue stood at INR567 cr. The aftermarket channel runs through 147 distributors and 1,264 SKUs and grew 36% YoY. A tooling business (148 molds in FY26) is being hived off into Meraki Precision Tool Engineering with capacity targeted at ~300 molds/year over 3 years. Li-Ion battery packs for 2W and 3W vehicles (via Avinya Batteries) are being merged back into the parent, with PBT profitability targeted for FY27. The company also announced a partnership with Hutchinson for advanced body sealing systems for passenger vehicles. Materials account for 57.1% of revenue, followed by employees at 20.1%.

Operating scale
Q4 FY26 capacity utilization
~78%Q4 FY26
FY26 new business wins
INR840 crFY26
Tata Motors order
INR460 cr over 3-5 yearsFY26
Aftermarket distributors
147 distributors, 1,264 SKUsFY26
Tooling capacity
148 molds/year (FY26); targeting ~300 molds/year in 3 yearsFY26
Net debt post-JV divestment
INR103 cr (gross INR195 cr)FY26
Who pays it
Indian passenger vehicle OEMs (including Tata Motors, Honda, Toyota, Kia, Nissan, Mahindra) and aftermarket distributors
Biggest cost
Raw materials at 57.1% of revenue
Kind of business
Auto component supplier to passenger vehicle industry; sealing, moulded parts, tooling, and battery packs
Where it sits
Tier-1 supplier of body sealing and moulded plastic/rubber components to passenger vehicle OEMs in India
Market Cap
₹307 Cr
P / E (TTM)
6.6×
EV / EBITDA
4.7×
Div Yield
1.14%
Growth
12.0%▲
Revenue 5y CAGR
PAT +83.1% · EBITDA +24.1%
Quality
3.7%·
ROCE (5y median)
ROE -0.3% (5y median) · margin 18.2%
Leverage
0.59·
Debt / Equity · moderate
Net debt ₹198 Cr
Revenue FY21→FY26
1.8×▲
Margin +7.0 pts
₹322 Cr → ₹567 Cr
Cash conversion
5.59×▲
Operating cash ÷ profit · 5 yrs
₹170 Cr on ₹30 Cr
Moves on a normal day
1.95%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/119
P/B#12/117
ROCE#63/125
ROE#53/117
Debt / Equity#86/117
EBITDA margin#83/118
Revenue growth#18/113
Profit growth#18/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Revenue compounding 12% a year over 5 years
Profit compounding 83% a year over 5 years
Over 5 years it reported ₹30 Cr of profit and ₹170 Cr of operating cash — 5.59×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 3.7% (5-year median)
#63 of 125 in Auto Components & Equipments on the latest reported figures · up from 2.3% in FY21

Charts

How has the market priced it — with filings on the timeline?

PPAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from PPAP AUTOMOTIVE LIMITED's filed financials and exchange disclosures

What does PPAP AUTOMOTIVE LIMITED do?

PPAP AUTOMOTIVE LIMITED is a Auto Components company listed on NSE and BSE, trading under the symbol PPAP.

Is PPAP AUTOMOTIVE LIMITED profitable?

Yes. Over the trailing twelve months PPAP AUTOMOTIVE LIMITED reported a net profit of ₹46 Cr on revenue of ₹607 Cr.

Does PPAP AUTOMOTIVE LIMITED pay a dividend?

Yes. The dividend yield is 1.14% at the current price. It paid out 8% of its profit as dividend in FY26.

Is PPAP AUTOMOTIVE LIMITED debt-free?

No. It reported borrowings of ₹201 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹198 Cr after cash. Debt stands at 0.59× equity. That is higher than 73% of its 117 Auto Components & Equipments peers.

Is PPAP AUTOMOTIVE LIMITED expensive compared with its peers?

On trailing P/E, PPAP AUTOMOTIVE LIMITED ranks 6 of 119 in Auto Components & Equipments — cheaper than 96% of them, against an industry median of 25.5×. This is a position, not a valuation judgement.

How much does the PPAP AUTOMOTIVE LIMITED share price move in a day?

On a typical session PPAP AUTOMOTIVE LIMITED moves 1.95% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track PPAP AUTOMOTIVE LIMITED's announcements?

Every NSE and BSE filing by PPAP AUTOMOTIVE LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.