Popular Vehicles and Services Ltd
Popular Vehicles and Services Ltd (PVSL) last reported results for the quarter ended Jun 2026, with sales of ₹1,890 crore and net profit of ₹1.37 crore. The stock last traded at ₹91, a market capitalisation of ₹648 crore. Over the past 52 weeks the stock has ranged between ₹78.5 and ₹163. Figures are as of 6 Oct 2026 and are not real time.
Popular Vehicles and Services Ltd share price and key metrics
- Current price
- ₹91
- Market cap
- ₹648 cr
- Book value
- ₹88.2
- ROE
- -8.28%
- ROCE
- 4.27%
- Dividend yield
- 0.00%
- 52w high / low
- 163/78.5
Metrics as of 6 Oct 2026. Not real time.
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Popular Vehicles and Services Ltd growth and returns
- 10 Years
- %
- 5 Years
- 17%
- 3 Years
- 9%
- TTM
- 25%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- 94%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- -39%
- 10 Years
- %
- 5 Years
- 4%
- 3 Years
- 0%
- Last Year
- -8%
Popular Vehicles and Services Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,890 cr, up 44.1% from ₹1,311 cr a year earlier. Net profit turned positive at ₹1.37 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,513 | 1,365 | 1,372 | 1,311 | 1,530 | 1,785 | 1,754 | 1,890 |
| Expenses | 1,459 | 1,334 | 1,347 | 1,278 | 1,485 | 1,734 | 1,701 | 1,832 |
| Operating profit | 53.62 | 30.63 | 25.82 | 33.21 | 45.25 | 51.8 | 53.13 | 57.92 |
| OPM % | 3.54% | 2.24% | 1.88% | 2.53% | 2.96% | 2.90% | 3.03% | 3.07% |
| Other income | 5.56 | 3.94 | 3.88 | 5.07 | 19.46 | 4.79 | 4.61 | 13.53 |
| Interest | 22.26 | 22.78 | 20.58 | 22.59 | 25.67 | 27.8 | 27.22 | 30.08 |
| Depreciation | 25.07 | 24.68 | 25.33 | 26.81 | 27.38 | 35.43 | 37.73 | 39.51 |
| Profit before tax | 11.85 | -12.89 | -16.21 | -11.12 | 11.66 | -6.64 | -7.21 | 1.86 |
| Tax % | 36.20% | -24.28% | -15.36% | -21.13% | 95.11% | -110.09% | -31.21% | 26.34% |
| Net profit | 7.57 | -9.76 | -13.72 | -8.76 | 0.57 | 0.67 | -4.96 | 1.37 |
| EPS (₹) | 1.06 | -1.37 | -1.93 | -1.23 | 0.08 | 0.09 | -0.70 | 0.19 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Popular Vehicles and Services Ltd annual results
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,902 | 3,172 | 2,894 | 3,466 | 4,875 | 5,616 | 5,541 | 6,381 | 6,960 |
| Operating profit | 132 | 108 | 152 | 163 | 222 | 259 | 159 | 188 | 208 |
| OPM % | 3.4% | 3.4% | 5% | 4.7% | 4.5% | 4.6% | 2.9% | 2.9% | 3.0% |
| Net profit | 21 | 12 | 32 | 34 | 64 | 76 | -10 | -12 | -2 |
| EPS (₹) | 17.04 | 9.96 | 25.88 | 26.84 | 51.07 | 10.69 | -1.47 | -1.75 | -0.34 |
TTM is the trailing twelve months to the most recent quarter.
Popular Vehicles and Services Ltd balance sheet
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 |
| Reserves | 185 | 200 | 233 | 267 | 330 | 639 | 625 | 614 |
| Borrowings | 797 | 645 | 650 | 756 | 938 | 925 | 922 | 1,406 |
| Other liabilities | 219 | 276 | 230 | 232 | 229 | 381 | 348 | 353 |
| Total liabilities | 1,214 | 1,134 | 1,126 | 1,268 | 1,510 | 1,959 | 1,909 | 2,387 |
| Fixed assets | 406 | 472 | 464 | 564 | 671 | 733 | 721 | 1,074 |
| CWIP | 28 | 29 | 17 | 12 | 8 | 15 | 9 | 27 |
| Investments | 2 | 11 | 5 | 6 | 6 | 28 | 14 | 19 |
| Other assets | 778 | 622 | 640 | 685 | 825 | 1,183 | 1,166 | 1,266 |
| Total assets | 1,214 | 1,134 | 1,126 | 1,268 | 1,510 | 1,959 | 1,909 | 2,387 |
As reported by the company. Total assets equal total liabilities by construction.
Popular Vehicles and Services Ltd cash flow
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -47 | 339 | 95 | 70 | 109 | 80 | 151 | 100 |
| Cash from investing | -50 | -28 | -7 | -41 | -80 | -88 | -39 | -146 |
| Cash from financing | 84 | -299 | -71 | -65 | -24 | 39 | -142 | 87 |
| Net cash flow | -13 | 13 | 18 | -37 | 5 | 31 | -30 | 42 |
| Free cash flow | -99 | 319 | 79 | 26 | 56 | 8 | 154 | 104 |
| CFO / operating profit | -20% | 323% | 62% | 52% | 61% | 42% | 108% | 68% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Popular Vehicles and Services Ltd operating ratios
| Per year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 6% | 11% | 12% | 13% | 14% | 5% | 4% |
| Debtor days | 25 | 13 | 20 | 19 | 17 | 19 | 15 | 15 |
| Inventory days | 39 | 40 | 48 | 46 | 39 | 46 | 45 | 41 |
| Days payable | 8 | 18 | 10 | 11 | 8 | 12 | 6 | 7 |
| Cash conversion cycle | 55 | 34 | 58 | 54 | 48 | 53 | 53 | 49 |
| Working capital days | -5 | -11 | 3 | 7 | 4 | 14 | 15 | -2 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Popular Vehicles and Services Ltd shareholding pattern
Promoters held 61.38% at Jun 2026, broadly unchanged since Jun 2025. FIIs 10.28% and DIIs 9.84%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 61.18% | 61.18% | 61.18% | 61.18% | 61.18% | 61.18% | 61.36% | 61.38% |
| FIIs | 14.52% | 12.85% | 12.66% | 10.88% | 10.58% | 10.43% | 10.32% | 10.28% |
| DIIs | 12.98% | 12.19% | 11.73% | 10.49% | 10.57% | 10.20% | 10.00% | 9.84% |
| Public | 11.33% | 13.78% | 14.43% | 17.44% | 17.67% | 18.17% | 18.32% | 18.49% |
| No. of shareholders | 67,273 | 68,160 | 66,109 | 64,486 | 62,434 | 59,734 | 57,769 | 56,810 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Popular Vehicles and Services Ltd corporate filings
- Popular Vehicles and Services Ltd. announces resignation of key subsidiary directors effective immediately, indicating potential strategic or governance shifts.Company Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd. has formally announced the resignation of Mr. John…
Read the full analysis - Popular Vehicles and Services Ltd announces resignation of Whole-Time Director John Kuttukaran Paul, effective immediately, citing family settlement as reason.Company Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has formally announced the resignation of its…
Read the full analysis - Care Ratings reaffirmation and new rating assignment for Popular Autoworks Private Limited's bank facilities, with total enhanced credit limit of ₹128.70 crore, indicating ongoing creditworthiness but no immediate financial impact on parent company.Company Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has announced that its wholly-owned subsidiary, Popular…
Read the full analysis - Popular Vehicles and Services Ltd announces commencement of full-scale operations for automotive spare parts e-commerce platform (www.yanik.in) via wholly owned subsidiary Zparex DigisolutionsCompany Updatelow impact
Cruxal's analysis: The company has issued a press release indicating the start of full commercial operations…
Read the full analysis - Subsidiary Zparex Digisolutions Commences Full-Scale Operations of Automotive Spare Parts E-Commerce Marketplace 'Yanik' from October 5, 2025Company Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd's wholly owned subsidiary Zparex Digisolutions has…
Read the full analysis - Promoter Family of Popular Vehicles and Services Ltd announces amicable family settlement agreementCompany Updatelow impact
Cruxal's analysis: The company disclosed an agreement among the promoter family, with no immediate financial…
Read the full analysis - Promoters of Popular Vehicles and Services Ltd inform about Family Arrangement executed on October 01, 2026Company Updatelow impact
Cruxal's analysis: The company received communication on October 05, 2026, from promoters regarding a Family…
Read the full analysis - Intimation of closure of trading window for trading in securities of the Company, from Thursday, 01st October, 2026 till 48 hours after the declaration of un-audited financial results for ....Insider Trading / SASTlow impact
- Popular Vehicles and Services Ltd continues corporate guarantees for subsidiariesCompany Updatelow impact
Cruxal's analysis: The company has formally intimated the continuation of corporate guarantees in favor of…
Read the full analysis - Popular Vehicles and Services Ltd to attend Nirmal Bang IE Auto Dealer Conference on September 18, 2026Company Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has announced that company officials will participate…
Read the full analysis - Popular Vehicles and Services Ltd Announces Successful Conclusion of 42nd Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has formally concluded its 42nd Annual General Meeting…
Read the full analysis - Popular Vehicles and Services Ltd Announces Board Appointments Following 42nd AGMCompany Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has formalized the re-appointment of Mr. John…
Read the full analysis - Popular Vehicles and Services Ltd Appoints MSKA & Associates LLP as Statutory AuditorCompany Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has formally appointed M/s. MSKA & Associates LLP as…
Read the full analysis - Popular Vehicles and Services Ltd Concludes 42nd Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has successfully concluded its 42nd Annual General…
Read the full analysis - Popular Vehicles and Services Limited Issues Corrigendum Regarding Statutory Auditor Appointment for 42nd AGMAGM/EGMlow impact
Cruxal's analysis: Popular Vehicles and Services Limited has issued a corrigendum to its 42nd Annual General…
Read the full analysis - Popular Vehicles and Services Q1 FY27 Earnings Call: Revenue Grows 44% YoY to INR1,890 Crore with Focus on Scaling AcquisitionsCompany Updatehigh impact
Cruxal's analysis: Popular Vehicles and Services Limited reported a strong Q1 FY27 with consolidated revenue…
Read the full analysis - Popular Vehicles and Services Ltd releases audio recording of Q1 FY2026 investor conference callCompany Updatelow impact
Cruxal's analysis: Popular Vehicles and Services Ltd has made the audio recording of its investor and…
Read the full analysis - Popular Vehicles and Services Ltd publishes newspaper advertisement for June 2026 quarterly financial resultsCompany Updatelow impact
Cruxal's analysis: The company has fulfilled regulatory requirements under SEBI (LODR) Regulations 2015 by…
Read the full analysis - Popular Vehicles and Services Reports Q1 FY27 Financial Results with 44% Revenue Growth and Strategic ExpansionCompany Updatehigh impact
Cruxal's analysis: Popular Vehicles and Services Limited reported a strong Q1 FY27 performance with revenue…
Read the full analysis - Popular Vehicles & Services Reports Q1FY27 Turnaround with 44.6% Revenue Growth and Positive PATCompany Updatehigh impact
Cruxal's analysis: Popular Vehicles and Services Limited has demonstrated a significant operational…
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