Popular Vehicles & Services Ltd.

•

popularvehicles.inBSE: 544144NSE: PVSL

Market Cap₹ 726 Cr.

Current Price

High / Low₹ 163 / 82

Stock P/E0.0

Book Value₹ 56

Price to Book1.51

Dividend Yield0.00 %

ROCE0.2 %

ROE-11.9 %

Face Value₹ 2

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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%

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PROS

Working capital cycle has improved - days down from 4 to -15
Company converts assets efficiently - asset turnover of 2.2x

CONS

Company is loss-making at the operating / net level
Company has a low return on equity of -4.0% over last 3 years
Company has a low return on capital employed of 5.8%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.87x)
Interest coverage is weak at 0.0x - earnings barely cover interest

* 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	3029.30	63.31	14647.13	0.00	56.75	20.59	201.16	16.25	12.88	31.31
2.	LANDMARK	491.25	45.32	2036.96	0.31	14.55	97.47	1302.36	22.66	9.19	5.53
3.	PVSL	102.00	0.00	726.22	0.00	1.37	115.59	1889.58	44.14	7.90	3.07
4.	COMPEAU	363.50	10.31	223.41	0.28	3.79	41.42	658.99	48.23	9.02	3.37

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	561	811	667	605	582	762	645	588	536	707	875	730	922
	542	769	640	578	564	741	640	593	532	690	853	717	941
Operating Profit	19	41	27	27	17	22	4	-5	4	17	23	13	-19
OPM %	3.42%	5.09%	4.09%	4.51%	2.99%	2.87%	0.65%	-0.84%	0.83%	2.41%	2.58%	1.82%	-2.11%
	5	3	7	5	6	9	5	4	5	6	3	5	11
Interest	12	15	16	12	11	13	14	12	15	17	18	18	19
Depreciation	12	12	12	12	13	13	13	14	15	15	24	24	25
Profit before Tax	1	17	5	8	-0	4	-18	-27	-20	-9	-17	-23	-9
Tax %	365.57%	9.20%	23.35%	-1.19%	13.95%	24.48%	25.42%	15.78%	24.59%	24.02%	26.17%	28.27%	24.16%
Net Profit	-2	16	4	8	-0	3	-13	-23	-15	-7	-12	-17	-7
	-0.26	2.50	0.65	1.19	-0.05	0.45	-1.89	-3.24	-2.12	-0.98	-1.73	-2.35	-0.92

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,331	2,261	2,253	1,839	1,692	1,866	2,514	2,644	2,577	2,849	3,235
	2,275	2,208	2,207	1,782	1,608	1,783	2,396	2,527	2,536	2,789	3,201
Operating Profit	57	53	45	57	84	82	118	117	41	60	34
OPM %	2.43%	2.33%	2.01%	3.10%	4.97%	4.41%	4.68%	4.44%	1.58%	2.10%	1.04%
	4	6	13	32	13	12	12	19	24	20	25
Interest	15	15	23	43	35	39	45	57	53	70	72
Depreciation	15	16	16	36	39	42	46	48	53	78	89
Profit before Tax	32	28	19	10	22	14	39	31	-42	-69	-58
Tax %	34.39%	37.09%	35.25%	-37.58%	28.70%	49.15%	24.79%	16.11%	19.04%	26.12%	26.37%
Net Profit	21	18	12	13	16	7	29	26	-34	-51	-43
EPS	63.13	52.89	10.00	10.73	12.64	5.56	4.68	3.63	-4.72	-7.18	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.79%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 11%
3 Years:: 4%

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:: 6%
5 Years:: 1%
3 Years:: -4%
Last Year:: -12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	149	166	170	169	184	192	220	478	441	391
	78	151	275	375	377	462	470	461	582	821
Trade Payables	21	13	39	120	34	50	40	109	55	57
	116	85	85	88	88	98	99	149	117	162
Total Liabilities	368	419	581	765	696	814	842	1,211	1,209	1,445
	126	127	132	285	288	385	387	427	464	743
Capital Work in Progress	1	12	28	23	16	12	5	13	8	11
	13	13	50	70	62	62	93	111	115	115
	68	79	178	216	143	200	196	292	314	257
	0	0	0	0	0	0	0	89	69	83
Cash & Bank	12	26	13	16	38	5	7	35	12	44
	150	163	180	154	150	149	154	243	227	192
Total Assets	368	419	581	765	696	814	842	1,211	1,209	1,445

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	115	8	-65	151	74	35	100	115	-39	93
Cash from Investing	-1	-37	-37	-28	2	-27	-57	-176	-12	-97
Cash from Financing	-115	52	100	-116	-56	-31	-30	89	28	35
	-6	12	-9	3	21	-30	-1	28	-23	32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

2026-08-31

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

2026-08-11

Investor Presentation

2026-08-11 - Popular Vehicles and Services Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for PVSL

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Popular Vehicles & Services Ltd.

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Free 5nance Account

Name

CARTRADE

3029.30

63.31

14647.13

0.00

56.75

20.59

201.16

16.25

12.88

31.31

LANDMARK

491.25

45.32

2036.96

0.31

14.55

97.47

1302.36

22.66

9.19

5.53

PVSL

102.00

0.00

726.22

0.00

1.37

115.59

1889.58

44.14

7.90

3.07

COMPEAU

363.50

10.31

223.41

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

561

811

667

605

582

762

645

588

536

707

875

730

922

542

769

640

578

564

741

640

593

532

690

853

717

941

Operating Profit

-5

-19

OPM %

3.42%

5.09%

4.09%

4.51%

2.99%

2.87%

0.65%

-0.84%

0.83%

2.41%

2.58%

1.82%

-2.11%

Interest

Depreciation

Profit before Tax

-0

-18

-27

-20

-9

-17

-23

-9

Tax %

365.57%

9.20%

23.35%

-1.19%

13.95%

24.48%

25.42%

15.78%

24.59%

24.02%

26.17%

28.27%

24.16%

Net Profit

-2

-0

-13

-23

-15

-7

-12

-17

-7

-0.26

2.50

0.65

1.19

-0.05

0.45

-1.89

-3.24

-2.12

-0.98

-1.73

-2.35

-0.92

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,331

2,261

2,253

1,839

1,692

1,866

2,514

2,644

2,577

2,849

3,235

2,275

2,208

2,207

1,782

1,608

1,783

2,396

2,527

2,536

2,789

3,201

Operating Profit

118

117

OPM %

2.43%

2.33%

2.01%

3.10%

4.97%

4.41%

4.68%

4.44%

1.58%

2.10%

1.04%

Interest

Depreciation

Profit before Tax

-42

-69

-58

Tax %

34.39%

37.09%

35.25%

-37.58%

28.70%

49.15%

24.79%

16.11%

19.04%

26.12%

26.37%

Net Profit

-34

-51

-43

EPS

63.13

52.89

10.00

10.73

12.64

5.56

4.68

3.63

-4.72

-7.18

—

Dividend Payout %

0.00%

13.79%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

149

166

170

169

184

192

220

478

441

391

151

275

375

377

462

470

461

582

821

Trade Payables

120

109

116

149

117

162

Total Liabilities

368

419

581

765

696

814

842

1,211

1,209

1,445

126

127

132

285

288

385

387

427

464

743

Capital Work in Progress

111

115

178

216

143

200

196

292

314

257

Cash & Bank

150

163

180

154

150

149

154

243

227

192

Total Assets

368

419

581

765

696

814

842

1,211

1,209

1,445

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

115

-65

151

100

115

-39

Cash from Investing

-1

-37

-28

-27

-57

-176

-12

-97

Cash from Financing

-115

100

-116

-56

-31

-30

-6

-9

-30

-1

-23

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