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Swing Capital

Popular Vehicles & Services Ltd

NSE: PVSL BSE: 544144Finance

Incorporated in 1983, Popular Vehicles and Services Ltd is in the business of sale and service of automobiles, spare parts, finance and insurance commission[1]

₹100
52W: ₹78.5 — ₹163
PE 0 · Book ₹60.8 · +64% vs book
Market Cap₹712 Cr
Stock P/E—Price to Earnings
ROCE1.13%Return on Capital
ROE7.12%Return on Equity
Div. Yield0%Face Value ₹2

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 6.98% over past five years.
  • −Company has a low return on equity of 1.78% over last 3 years.
  • −Earnings include an other income of Rs.17.7 Cr.

Shareholding Pattern

Promoters61.36%
FIIs10.32%
DIIs10%
Public18.32%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters61.18%61.18%61.18%61.18%61.18%61.18%61.18%61.36%▲0.2
FIIs16.01%14.52%▼1.512.85%▼1.712.66%▼0.210.88%▼1.810.58%▼0.310.43%▼0.210.32%▼0.1
DIIs12.12%12.98%▲0.912.19%▼0.811.73%▼0.510.49%▼1.210.57%▲0.110.2%▼0.410%▼0.2
Public10.68%11.33%▲0.713.78%▲2.414.43%▲0.717.44%▲3.017.67%▲0.218.17%▲0.518.32%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales811667605582762645588536707875
Expenses769640578564741640593532690853
Operating Profit41272717224-541723
OPM %5%4%5%3%3%1%-1%1%2%3%
Net Profit164803-13-23-15-7-12
EPS ₹2.50.651.08-0.050.46-1.89-3.24-2.12-0.98-1.73

AI Insights

Revenue Trend

TTM revenue at ₹2,707Cr, up 5% YoY. OPM at 1%.

Debt Position

Borrowings at ₹715Cr. Debt-to-equity ratio: 1.71x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹10Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 10% (-0.26pp change). FIIs: 10.32% (+3.31pp change). Promoters hold 61.36%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 1% (Mar 2025). Working capital days: 3.

Recent Announcements