About
Popular Vehicles and Services Limited engages in the automotive dealership business in India. The company operates through four segments: Passenger Cars (excluding luxury vehicles), Luxury Vehicles, Commercial Vehicles, and Others. It engages in the sale, service, and repair of passenger, commercial, and electric two-wheeler and three-wheeler vehicles; sale of pre-owned passenger vehicles; distribution of spare parts and accessories; facilitation of the sale of third-party financial and insurance products; and operation of driving schools. The company offers its products to new vehicles buyers, periodic maintenance, vehicle repair services, pre-owned vehicles, driving learners, and insurance renewals customers. Popular Vehicles and Services Limited was incorporated in 1983 and is headquartered in Ernakulam, India.
Key Metrics
as of Sep 2026Market Cap738 Cr
P/E—
Div Yield0.00 %
Book Value₹88.20
52w High₹163.00
52w Low₹78.50
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 921.69 | 730.35 | 875.17 | 707.34 | 536.42 | 587.98 | 644.59 | 762.50 | 581.84 | 605.08 | 666.86 | 810.71 | 561.18 |
| Expenses | 897.02 | 717.03 | 852.56 | 690.27 | 531.99 | 592.91 | 640.37 | 740.63 | 564.44 | 577.77 | 639.61 | 769.43 | 542.02 |
| Operating Profit | 24.67 | 13.32 | 22.61 | 17.07 | 4.43 | -4.93 | 4.22 | 21.87 | 17.40 | 27.31 | 27.25 | 41.28 | 19.16 |
| OPM % | 2.68 | 1.82 | 2.58 | 2.41 | 0.83 | -0.84 | 0.65 | 2.87 | 2.99 | 4.51 | 4.09 | 5.09 | 3.41 |
| Other Income | 10.79 | 5.23 | 3.32 | 5.88 | 4.93 | 3.57 | 5.03 | 8.70 | 6.36 | 5.11 | 6.55 | 3.15 | 4.71 |
| Depreciation | 24.96 | 24.02 | 24.21 | 15.35 | 14.74 | 13.80 | 13.08 | 13.07 | 12.89 | 12.45 | 12.49 | 12.03 | 11.54 |
| Interest | 19.18 | 17.88 | 18.38 | 16.80 | 14.63 | 12.22 | 14.18 | 13.21 | 11.30 | 12.38 | 16.01 | 15.13 | 11.73 |
| Profit before tax | -8.68 | -23.35 | -16.66 | -9.20 | -20.01 | -27.38 | -18.01 | 4.29 | -0.43 | 7.59 | 5.30 | 17.27 | 0.60 |
| Tax % | -24.19 | -28.27 | -26.17 | -24.02 | -24.59 | -15.74 | -25.43 | 24.48 | -13.95 | -1.19 | 23.21 | 9.21 | 371.67 |
| Net Profit | -6.58 | -16.75 | -12.30 | -7.00 | -15.09 | -23.06 | -13.43 | 3.24 | -0.37 | 7.68 | 4.07 | 15.68 | -1.62 |
| EPS in Rs | -0.92 | -2.35 | -1.73 | -0.98 | -2.12 | -3.24 | -1.89 | 0.46 | -0.05 | 1.08 | 0.65 | 2.50 | -1.29 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,849.00 | 2,577.00 | 2,644.00 | 2,514.00 | 1,866.00 | 1,692.00 | 1,839.00 | 2,253.00 |
| Expenses | 2,789.00 | 2,536.00 | 2,527.00 | 2,394.00 | 1,783.00 | 1,607.00 | 1,782.00 | 2,210.00 |
| Operating Profit | 60.00 | 41.00 | 117.00 | 119.00 | 82.00 | 84.00 | 57.00 | 43.00 |
| OPM % | 2.10 | 1.60 | 4.40 | 4.70 | 4.40 | 5.00 | 3.10 | 1.90 |
| Other Income | 19.00 | 23.00 | 19.00 | 10.00 | 12.00 | 12.00 | 32.00 | 13.00 |
| Interest | 70.00 | 53.00 | 57.00 | 45.00 | 39.00 | 35.00 | 43.00 | 21.00 |
| Depreciation | 78.00 | 53.00 | 48.00 | 46.00 | 42.00 | 39.00 | 36.00 | 16.00 |
| Profit before tax | -69.00 | -42.00 | 31.00 | 39.00 | 14.00 | 22.00 | 10.00 | 19.00 |
| Tax % | -26.00 | -19.00 | 16.00 | 25.00 | 49.00 | 29.00 | -38.00 | 35.00 |
| Net Profit | -51.00 | -34.00 | 26.00 | 29.00 | 7.00 | 16.00 | 13.00 | 12.00 |
| EPS in Rs | -7.18 | -4.72 | 3.63 | 23.39 | 5.56 | 12.64 | 10.72 | 9.79 |
| Dividend Payout % | 0.00 | 0.00 | 14.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.00 | 14.00 | 14.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Reserves | 391.00 | 441.00 | 478.00 | 220.00 | 192.00 | 184.00 | 169.00 | 170.00 |
| Borrowings | 874.00 | 596.00 | 463.00 | 508.00 | 482.00 | 378.00 | 380.00 | 266.00 |
| Other Liabilities | 208.00 | 184.00 | 270.00 | 115.00 | 138.00 | 133.00 | 215.00 | 138.00 |
| Total Liabilities | 1,487.00 | 1,234.00 | 1,225.00 | 856.00 | 824.00 | 707.00 | 777.00 | 587.00 |
| Fixed Assets | 743.00 | 464.00 | 427.00 | 387.00 | 385.00 | 288.00 | 285.00 | 132.00 |
| CWIP | 11.00 | 8.00 | 13.00 | 6.00 | 12.00 | 16.00 | 23.00 | 28.00 |
| Investments | 115.00 | 115.00 | 111.00 | 93.00 | 62.00 | 62.00 | 70.00 | 50.00 |
| Other Assets | 618.00 | 647.00 | 674.00 | 371.00 | 365.00 | 341.00 | 398.00 | 377.00 |
| Total Assets | 1,487.00 | 1,234.00 | 1,225.00 | 856.00 | 824.00 | 707.00 | 777.00 | 587.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 93.00 | -39.00 | 115.00 | 86.00 | 27.00 | 75.00 | 147.00 | -73.00 |
| Cash from Investing Activity | -97.00 | -12.00 | -176.00 | -57.00 | -27.00 | 2.00 | -28.00 | -37.00 |
| Cash from Financing Activity | 36.00 | 28.00 | 89.00 | -30.00 | -31.00 | -56.00 | -116.00 | 100.00 |
| Net Cash Flow | 32.00 | -23.00 | 28.00 | -1.00 | -30.00 | 21.00 | 3.00 | -9.00 |
| Free Cash Flow | 36.00 | -72.00 | 66.00 | 57.00 | -3.00 | 66.00 | 146.00 | -149.00 |
| CFO/OP % | 169.00 | -78.00 | 107.00 | 84.00 | 42.00 | 88.00 | 265.00 | -151.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11.00 | 10.00 | 12.00 | 12.00 | 13.00 | 19.00 | 10.00 | 20.00 |
| Inventory Days | 40.00 | 54.00 | 50.00 | 35.00 | 48.00 | 38.00 | 52.00 | 34.00 |
| Days Payable | 9.00 | 9.00 | 19.00 | 7.00 | 12.00 | 9.00 | 29.00 | 7.00 |
| Cash Conversion Cycle | 41.00 | 54.00 | 44.00 | 40.00 | 49.00 | 47.00 | 33.00 | 46.00 |
| Working Capital Days | -21.00 | 3.00 | 4.00 | 0.00 | 4.00 | 3.00 | 26.00 | -6.00 |
| ROCE % | 0.00 | 1.00 | 10.00 | 12.00 | 8.00 | 10.00 | 5.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Sep 2024 | 17 Sep 2024 | — | 0.50 | |
| Other | 17 Sep 2024 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update5 Feb from crisil
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Rating update23 Oct 2025 from crisil
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Rating update7 Aug 2025 from crisil
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Rating update30 Jun 2025 from crisil
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Rating update30 Apr 2025 from crisil
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Rating update21 Feb 2025 from crisil