Popular Vehicles & Services Ltd.

•

popularvehicles.inBSE: 544144NSE: PVSL

Market Cap₹ 707 Cr.

Current Price

High / Low₹ 163 / 82

Stock P/E—

Book Value₹ 88

Price to Book0.97

Dividend Yield0.00 %

ROCE7.9 %

ROE-2.0 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Passenger cars: 46.2% • Commercial vehicles: 38.8% • Luxury vehicles: 8.5%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Latest quarter profit grew 115.6% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 6.23x)
Company has delivered good sales growth of 17.1% CAGR over last 5 years
Working capital cycle has improved - days down from 13 to 2
Company converts assets efficiently - asset turnover of 3.2x

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of 3.9% over last 3 years
Interest coverage is weak at 0.9x - earnings barely cover interest
Company has a low return on capital employed of 11.9%
Total debt has risen sharply - up 64.5% year on year
Effective tax rate is unusually low at 6.2% - earnings may be flattered

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesAutomobile & AncillariesAutomobiles - Dealers & Distributors

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	CARTRADE	3090.45	64.58	14942.80	0.00	56.75	20.59	201.16	16.25	12.88	31.31
2.	LANDMARK	487.60	44.98	2021.83	0.31	14.55	97.47	1302.36	22.66	9.19	5.53
3.	PVSL	99.35	0.00	707.35	0.00	1.37	115.59	1889.58	44.14	7.90	3.07
4.	COMPEAU	362.00	10.27	222.49	0.28	3.79	41.42	658.99	48.23	9.02	3.37

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,206	1,629	1,417	1,364	1,291	1,513	1,365	1,372	1,311	1,530	1,785	1,754	1,890
	1,156	1,548	1,356	1,301	1,246	1,459	1,334	1,347	1,278	1,485	1,734	1,701	1,901
Operating Profit	50	81	61	63	45	54	31	26	33	45	52	53	-12
OPM %	4.12%	5.00%	4.31%	4.60%	3.48%	3.54%	2.24%	1.88%	2.53%	2.96%	2.90%	3.03%	-0.62%
	6	9	10	8	7	6	4	4	5	19	5	5	14
Interest	21	27	28	23	20	22	23	21	23	26	28	27	30
Depreciation	22	23	23	24	24	25	25	25	27	27	35	38	40
Profit before Tax	13	41	20	24	8	12	-13	-16	-11	12	-7	-7	2
Tax %	38.44%	21.78%	20.27%	15.72%	34.26%	36.17%	24.28%	15.36%	21.15%	95.11%	110.09%	31.35%	26.64%
Net Profit	0	0	0	0	5	8	-10	-14	-9	1	1	-5	1
	1.24	5.15	2.54	3.13	0.77	1.06	-1.37	-1.93	-1.23	0.08	0.09	-0.70	0.19

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,633	3,678	3,906	3,177	2,894	3,466	4,875	5,616	5,541	6,381	6,960
	3,542	3,575	3,809	3,069	2,742	3,303	4,654	5,357	5,383	6,193	6,821
Operating Profit	91	103	97	107	152	163	221	259	159	188	139
OPM %	2.51%	2.80%	2.47%	3.38%	5.24%	4.71%	4.52%	4.61%	2.86%	2.94%	1.99%
	7	7	14	35	26	18	18	33	20	34	42
Interest	35	36	46	73	58	64	74	102	89	108	111
Depreciation	23	25	25	61	72	69	79	92	99	127	140
Profit before Tax	41	50	40	8	47	49	85	98	-9	-13	-0
Tax %	31.55%	36.05%	32.44%	-56.20%	31.32%	30.65%	24.50%	22.14%	-16.93%	6.21%	-614.63%
Net Profit	28	32	27	12	32	34	64	76	-10	-12	-2
EPS	84.15	95.13	22.09	9.96	25.88	26.85	10.22	10.69	-1.47	-1.75	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.68%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 17%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -28%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 9%
3 Years:: 4%
Last Year:: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	13	13	13	13	13	14	14	14
	166	197	215	200	233	267	330	639	625	614
	280	380	539	605	613	708	868	904	890	1,323
Trade Payables	44	53	75	133	66	87	91	154	83	102
	173	140	159	157	176	173	186	226	263	278
Total Liabilities	666	774	1,001	1,108	1,101	1,248	1,488	1,938	1,875	2,331
	209	208	212	472	464	564	671	733	721	1,074
Capital Work in Progress	1	13	28	29	17	12	8	14	8	27
	1	1	2	11	5	6	6	28	14	19
	185	217	358	287	312	362	435	593	580	617
	0	0	0	0	0	0	0	297	223	259
Cash & Bank	28	45	29	42	59	20	28	61	31	73
	243	289	373	267	244	282	340	211	298	261
Total Assets	666	774	1,001	1,108	1,101	1,248	1,488	1,938	1,875	2,331

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	131	5	-61	347	95	85	134	80	151	100
Cash from Investing	-21	-37	-50	-28	-7	-41	-80	-88	-39	-146
Cash from Financing	-115	60	119	-299	-71	-65	-24	39	-142	87
	-13	13	-13	13	18	-37	5	31	-30	42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.18	61.18	61.18	61.18	61.18	61.18	61.18	61.36	61.38
	16.01	14.52	12.85	12.66	10.88	10.58	10.43	10.32	10.28
	12.12	12.98	12.19	11.73	10.49	10.57	10.20	10.00	9.84
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	10.69	11.32	13.78	14.43	17.45	17.67	18.18	18.32	18.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - Popular Vehicles and Services Limited has informed the Exchange about Schedule of meet

2026-08-31

Shareholders meeting

2026-08-31 - Popular Vehicles and Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-29

Change in Director(s)

2026-08-29 - Popular Vehicles and Services Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-29

Change in Auditors

2026-08-29 - Popular Vehicles and Services Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-28

Shareholders meeting

2026-08-28 - Popular Vehicles and Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026

2026-08-24

Shareholders meeting

2026-08-24 - Popular Vehicles and Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 28, 2026

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - Popular Vehicles and Services Limited has informed the Exchange about Transcript

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Popular Vehicles and Services Limited has informed the Exchange about Link of Recording

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Popular Vehicles and Services Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for PVSL

Loading news…

🤖

AI Stock Analyst

Popular Vehicles & Services Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

CARTRADE

3090.45

64.58

14942.80

0.00

56.75

20.59

201.16

16.25

12.88

31.31

LANDMARK

487.60

44.98

2021.83

0.31

14.55

97.47

1302.36

22.66

9.19

5.53

PVSL

99.35

0.00

707.35

0.00

1.37

115.59

1889.58

44.14

7.90

3.07

COMPEAU

362.00

10.27

222.49

0.28

3.79

41.42

658.99

48.23

9.02

3.37

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,206

1,629

1,417

1,364

1,291

1,513

1,365

1,372

1,311

1,530

1,785

1,754

1,890

1,156

1,548

1,356

1,301

1,246

1,459

1,334

1,347

1,278

1,485

1,734

1,701

1,901

Operating Profit

-12

OPM %

4.12%

5.00%

4.31%

4.60%

3.48%

3.54%

2.24%

1.88%

2.53%

2.96%

2.90%

3.03%

-0.62%

Interest

Depreciation

Profit before Tax

-13

-16

-11

-7

Tax %

38.44%

21.78%

20.27%

15.72%

34.26%

36.17%

24.28%

15.36%

21.15%

95.11%

110.09%

31.35%

26.64%

Net Profit

-10

-14

-9

-5

1.24

5.15

2.54

3.13

0.77

1.06

-1.37

-1.93

-1.23

0.08

0.09

-0.70

0.19

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,633

3,678

3,906

3,177

2,894

3,466

4,875

5,616

5,541

6,381

6,960

3,542

3,575

3,809

3,069

2,742

3,303

4,654

5,357

5,383

6,193

6,821

Operating Profit

103

107

152

163

221

259

159

188

139

OPM %

2.51%

2.80%

2.47%

3.38%

5.24%

4.71%

4.52%

4.61%

2.86%

2.94%

1.99%

Interest

102

108

111

Depreciation

127

140

Profit before Tax

-9

-13

-0

Tax %

31.55%

36.05%

32.44%

-56.20%

31.32%

30.65%

24.50%

22.14%

-16.93%

6.21%

-614.63%

Net Profit

-10

-12

-2

EPS

84.15

95.13

22.09

9.96

25.88

26.85

10.22

10.69

-1.47

-1.75

—

Dividend Payout %

0.00%

4.68%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

166

197

215

200

233

267

330

639

625

614

280

380

539

605

613

708

868

904

890

1,323

Trade Payables

133

154

102

173

140

159

157

176

173

186

226

263

278

Total Liabilities

666

774

1,001

1,108

1,101

1,248

1,488

1,938

1,875

2,331

209

208

212

472

464

564

671

733

721

1,074

Capital Work in Progress

185

217

358

287

312

362

435

593

580

617

297

223

259

Cash & Bank

243

289

373

267

244

282

340

211

298

261

Total Assets

666

774

1,001

1,108

1,101

1,248

1,488

1,938

1,875

2,331

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

131

-61

347

134

151

100

Cash from Investing

-21

-37

-50

-28

-7

-41

-80

-88

-39

-146

Cash from Financing

-115

119

-299

-71

-65

-24

-142

-13

-37

-30

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.18

61.36

61.38

16.01

14.52

12.85

12.66

10.88

10.58

10.43

10.32

10.28

12.12

12.98

12.19

11.73

10.49

10.57

10.20

10.00

9.84

Government

0.00

10.69

11.32

13.78

14.43

17.45

17.67

18.18

18.32

18.49

Popular Vehicles & Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Popular Vehicles & Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI