Popular Vehicles & Services Ltd

PVSL

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Market Cap

₹ 882 Cr

P/E

—

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Investment Checklist

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Popular Vehicles & Services Limited is a leading automotive dealership in India, involved in the sale and service of automobiles, spare parts, and financial products.

The company made strategic acquisitions, namely BharatBenz in Punjab and Maruti Suzuki in Telangana, enhancing its geographical distribution and market presence.

Significant growth was observed in the EV segment, especially in collaboration with Ather, marking increased market share in EV 2-wheelers.

Despite a challenging Q2 due to GST adjustments, the company expects deferred demand to enhance Q3 performance, indicating resilience and strong demand remediation.

The company is focused on diversifying its revenue streams with significant steps towards digital transformation, such as the e-commerce platform for spare parts.

Sector

Retail

Industry

Trading - Medium / Small

Market Cap

882 Cr

Volatility

High Risk

P/E Ratio

—

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

1.4

52W High

183.30

52W Low

87.28

Sales CAGR

-1.32%

11.37%

6.98%

10Y

—

Profit CAGR

-113.75%

—

10Y

—

ROE

TTM

-5.13%

1.83%

2.81%

10Y

5.52%

ROCE

TTM

2.74%

8.41%

9.18%

10Y

11.75%

Technicals

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
UNIENTER	140.00	979 Cr	51.56	0.36	0.36	0.67	0.71	0.64
LLOYDPP	38.50	979 Cr	—	1.97	0.00	—	—	0.00
PVSL	123.50	882 Cr	—	1.40	0.00	-5.13	2.74	-1.45
FOCE	1790.00	876 Cr	60.82	11.11	0.00	15.77	14.07	6.95
HARDWYN	17.58	859 Cr	62.79	2.14	0.00	3.45	5.11	2.87
ARL	394.70	841 Cr	146.73	9.17	0.00	5.93	6.14	3.81
OSWALAGRO	60.15	807 Cr	6.40	0.84	0.00	13.09	16.71	12.38

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,206	1,629	1,417	1,364	1,291	1,513	1,365	1,372	1,311	1,530
Expenses	1,156	1,548	1,356	1,301	1,246	1,459	1,334	1,347	1,278	1,485
Operating Profit	50	81	61	63	45	54	31	26	33	45
OPM %	4.12	5.00	4.31	4.60	3.48	3.55	2.24	1.88	2.53	2.96
Other Income	5.70	9.12	9.65	8.30	6.99	5.56	3.94	3.88	5.07	19
Interest	21	27	28	23	20	22	23	21	23	26
Depreciation	22	23	23	24	24	25	25	25	27	27
Profit Before Tax	13	41	20	24	8.29	12	-13	-16	-11	12
Tax %	38.44	21.78	20.27	15.72	34.26	36.17	24.28	15.36	21.15	95.11
Net Profit	7.76	32	16	20	5.45	7.57	-9.76	-14	-8.76	0.57
EPS in Rs	—	4.54	—	3.13	0.77	1.06	-1.37	-1.93	-1.23	0.08

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	3,902	3,172	2,894	3,466	4,875	5,616	5,541	5,541
Expenses	3,774	3,068	2,744	3,306	4,658	5,361	5,386	5,386
Operating Profit	128	104	149	160	217	255	155	155
OPM %	3.28	3.28	5.15	4.63	4.46	4.54	2.80	2.80
Other Income	14	35	26	18	18	33	20	20
Interest	63	70	55	61	71	98	86	86
Depreciation	48	61	72	69	79	92	99	99
Profit Before Tax	32	8.00	47	49	85	98	-8.95	-8.95
Tax %	32.48	-56.20	31.32	30.65	24.50	22.14	-16.93	-16.87
Net Profit	21	12	32	34	64	76	-10	-10
EPS in Rs	—	—	—	—	—	11.45	-1.47	-4.45
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	4.15	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	14	14
Reserves	185	200	233	267	331	639	625
Borrowings	768	620	650	756	938	925	922
Other Liabilities	246	298	223	227	222	378	344
Total Liabilities	1,212	1,131	1,119	1,263	1,504	1,957	1,905
Fixed Assets	406	472	464	564	671	733	721
CWIP	28	29	17	12	7.97	15	8.55
Investments	1.70	11	4.92	6.02	5.99	28	14
Other Assets	776	619	633	680	819	1,180	1,161
Total Assets	1,212	1,131	1,119	1,263	1,504	1,957	1,905

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-47	339	95	70	109	80	151
Cash from Investing Activity	-50	-28	-6.65	-41	-80	-88	-39
Cash from Financing Activity	84	-299	-71	-65	-24	39	-142
Net Cash Flow	-13	13	18	-37	5.43	31	-30

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Aug 2021	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	65.79%	65.79%	61.18%	61.18%	61.18%	61.18%	61.18%	61.18%	61.18%
FIIs	0.00%	0.00%	7.01%	16.01%	14.52%	12.85%	12.65%	10.88%	10.57%
DIIs	34.21%	34.21%	10.26%	12.13%	12.98%	12.19%	11.74%	10.50%	10.58%
Public	0.00%	0.00%	21.55%	10.69%	11.32%	13.78%	14.43%	17.45%	17.67%
Total Shareholders	152	152	93,690	72,611	67,273	68,160	66,109	64,486	62,434

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Investor Meeting

4 days ago

Investor Meet Scheduled for December 17, 2025

Popular Vehicles & Services Ltd announces an Analyst/Investor meet on December 17, 2025, at 09:00 AM in Mumbai, as per SEBI regulations.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q4 FY24

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Overview

Detailed Summary

Popular Vehicles & Services Limited is a leading automotive dealership in India, involved in the sale and service of automobiles, spare parts, and financial products.

The company made strategic acquisitions, namely BharatBenz in Punjab and Maruti Suzuki in Telangana, enhancing its geographical distribution and market presence.

Significant growth was observed in the EV segment, especially in collaboration with Ather, marking increased market share in EV 2-wheelers.

Despite a challenging Q2 due to GST adjustments, the company expects deferred demand to enhance Q3 performance, indicating resilience and strong demand remediation.

The company is focused on diversifying its revenue streams with significant steps towards digital transformation, such as the e-commerce platform for spare parts.

Sector

Retail

Industry

Trading - Medium / Small

Market Cap

882 Cr

Volatility

High Risk

P/E Ratio

—

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

1.4

52W High

183.30

52W Low

87.28

Sales CAGR

-1.32%

11.37%

6.98%

10Y

—

Profit CAGR

-113.75%

—

10Y

—

ROE

TTM

-5.13%

1.83%

2.81%

10Y

5.52%

ROCE

TTM

2.74%

8.41%

9.18%

10Y

11.75%