As of 6 Nov 2026, Popular Vehicles and Services is loss-making on a trailing 12-month basis, with a net loss of ₹2.35 Cr, so it has no P/E ratio. The share price is ₹94.92, 37% below its 52-week high. Sales grew 9.6% a year over 3 years. Debt is 2.24× equity. It is a small-cap company with a market cap of ₹676 Cr, ranked 3rd of 8 Auto & Truck Dealerships companies by market cap; the shares fell 38% over the past year.
- ₹95.46
- ₹99.29
- ₹93.00
- ₹96.63
- 10.4K
Health check
- ReturnsBehind
−37.8% over a year, better than 0 of 6 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +9.6% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 6.4% vs peer median 11.0%.
- Balance sheetStretched
Debt 2.24× equity, interest covered 0.9×, Piotroski 2 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹676 Cr
- Small cap
- P/E
- n/a
- Industry 24.5
- Price to book
- 1.08
- Peers 0.70
- Dividend yield
- 0.00%
- ROE
- −2.0%
- Peers 5.5%
- ROCE
- 6.4%
- Peers 11.0%
- Debt to equity
- 2.24
- Debt ₹1,406 Cr
- EPS (TTM)
- −₹0.34
- Face value ₹2
- OPM (TTM)
- 3.1%
- Net margin 0.0%
- Sales growth
- +44.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.10
- EV/EBITDA 16.1
Strengths and risks
Strengths
- Quarterly sales up 44.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −2.0%.
- Debt is 2.24× equity.
- 37% below its 52-week high.
- Interest coverage of only 1.2×.
About Popular Vehicles and Services
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…
- Headquarters
- Ernakulam
- Employees
- 6,603
- Sector
- Consumer Cyclical
- ISIN
- INE772T01024
- Website
- popularmaruti.com
Price range
- Avg volume (3M)
- 38K
- 1-year return
- minus 37.8%
- From 52-week high
- minus 36.8%
Peers · Auto & Truck Dealerships
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CARTRADECartrade Tech | 2,700.00 | plus 3.77% | 13,126 | 58.4 | 4.96 | 11.0% | 9.7% | 34.9% | 28.7% | 87.2% | 0.00% | minus 10.9% |
| LANDMARKLandmark Cars | 466.50 | minus 1.00% | 1,934 | 43.0 | 3.31 | 13.0% | 6.6% | 2.7% | 12.6% | −23.8% | 0.32% | minus 24.0% |
| PVSLPopular Vehicles and Services | 94.92 | minus 1.77% | 676 | – | 1.08 | 6.4% | −2.0% | 3.1% | 9.6% | – | 0.00% | minus 37.8% |
| COMPEAUCompetent Automobiles Company | 375.00 | plus 0.55% | 230 | 9.7 | 0.44 | – | 4.5% | 1.9% | – | – | 0.27% | plus 5.6% |
| RAJPUTANARajputana Biodiesel | 201.70 | plus 3.44% | 62 | – | – | 1.3% | 1.0% | −4.3% | 74.5% | −14.3% | – | – |
| KALYANIKalyani Commercials | 144.99 | 0.00% | 14 | 6.0 | – | 44.2% | 12.6% | 1.7% | 20.9% | −5.4% | 0.00% | plus 5.0% |
| NAKSHNaksh Precious Metals | 3.99 | minus 4.32% | 4 | – | 0.70 | −8.8% | −6.0% | −48.0% | 153.1% | – | 0.00% | minus 32.9% |
| SPECTRASpectra Industries | 3.86 | 0.00% | 3 | – | −0.05 | – | – | 0.0% | – | – | 0.00% | minus 24.6% |
| Median of 7 peers | – | 0.00% | 62 | 26.4 | 0.70 | 11.0% | 5.5% | 1.7% | 28.7% | −9.8% | 0.00% | −17.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,311 | 1,530 | 1,785 | 1,755 | 1,890 | |
| 1,274 | 1,483 | 1,733 | 1,701 | 1,827 | |
| 36.6 | 46.9 | 52 | 53.7 | 62.7 | |
| 2.8% | 3.1% | 2.9% | 3.1% | 3.3% | |
| 5.1 | 4.2 | 6.4 | 4.3 | 13.5 | |
| 22.6 | 25.7 | 27.8 | 27.2 | 30.1 | |
| 26.8 | 27.4 | 35.4 | 37.7 | 39.5 | |
| −3.4 | 13.6 | −1.8 | −0.2 | −4.7 | |
| −11.1 | 11.7 | −6.6 | −7.2 | 1.9 | |
| 21.2% | 95.1% | 110.1% | 31.3% | 26.6% | |
| −8.8 | 0.6 | 0.7 | −5 | 1.4 | |
| -1.23 | 0.08 | 0.09 | -0.70 | 0.19 |
Profit & loss
- Sales CAGR 3Y
- +9.6%
- ROE
- −2.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,670 | 5,372 | 5,327 | 6,142 | |
| – | +15.0% | minus 0.8% | +15.3% | |
| 4,500 | 5,175 | 5,230 | 6,023 | |
| 170 | 197 | 97.2 | 120 | |
| 3.6% | 3.7% | 1.8% | 1.9% | |
| 63.1 | 76.6 | 67.3 | 80.6 | |
| 68.3 | 94.9 | 76.1 | 98.3 | |
| 79.4 | 91.9 | 98.8 | 127 | |
| −0.5 | 10.8 | 1.4 | 12 | |
| 84.9 | 97.7 | −8.9 | −13.3 | |
| 24.5% | 22.1% | −16.9% | 6.2% | |
| 64.1 | 76.1 | −10.5 | −12.5 | |
| – | +18.7% | minus 113.8% | – | |
| 9.00 | 12.05 | -1.47 | -1.75 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.5 | 14.2 | 14.2 | 14.2 | |
| 331 | 639 | 625 | 614 | |
| 938 | 925 | 922 | 1,406 | |
| 222 | 378 | 344 | 350 | |
| 1,504 | 1,957 | 1,905 | 2,383 | |
| 652 | 725 | 709 | 1,090 | |
| 10.1 | 16.4 | 9.4 | 35.1 | |
| 5.8 | 11.3 | 14 | 18.6 | |
| 24 | 70.7 | 24.5 | 66.1 | |
| 812 | 1,134 | 1,148 | 1,174 | |
| 1,504 | 1,957 | 1,905 | 2,383 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 109 | 79.9 | 151 | 100 | |
| −79.6 | −88.2 | −39.4 | −146 | |
| −23.8 | 39.4 | −142 | 87 | |
| 5.4 | 31.1 | −30.5 | 41.6 | |
| −56.7 | −80.7 | −53.8 | −102 | |
| 52.2 | −0.8 | 97 | −2 | |
| – | – | −3.6 | – |
Shareholding pattern
- Promoters61.38%
- Public38.62%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 61.38% | 38.62% | 0.00 | |
| 30 Jun 2026 | 61.38% | 38.62% | plus 0.02 | |
| 31 Mar 2026 | 61.36% | 38.64% | plus 0.18 | |
| 31 Dec 2025 | 61.18% | 38.82% | 0.00 | |
| 30 Sep 2025 | 61.18% | 38.82% | – |
Major shareholders
Filings & events
News
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