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Popular Vehicles and Services (PVSL)₹96.18+0.70%Auto Dealer
In the Jun 2026 quarter (consolidated), Popular Vehicles and Services reported sales of ₹1,885 Cr, up 44.2% from Jun 2025, and net profit of ₹1.36 Cr. For the year to Mar 2026, sales were ₹6,360 Cr and net profit −₹11.97 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,626 | 1,414 | 1,360 | 1,288 | 1,508 | 1,362 | 1,369 | 1,307 | 1,526 | 1,781 | 1,749 | 1,885 |
| Expenses | 1,554 | 1,361 | 1,304 | 1,251 | 1,463 | 1,338 | 1,352 | 1,282 | 1,491 | 1,740 | 1,706 | 1,836 |
| Operating Profit | 81.22 | 60.96 | 62.47 | 44.83 | 53.41 | 30.55 | 25.76 | 33.08 | 45.14 | 51.64 | 52.96 | 57.77 |
| OPM % | 5.0% | 4.3% | 4.6% | 3.5% | 3.5% | 2.2% | 1.9% | 2.5% | 3.0% | 2.9% | 3.0% | 3.1% |
| Other Income | 9.08 | 9.62 | 8.27 | 6.96 | 5.54 | 3.93 | 3.86 | 5.05 | 19.39 | 4.77 | 4.59 | 13.49 |
| Interest | 26.53 | 27.51 | 22.89 | 19.97 | 22.24 | 22.77 | 20.59 | 22.58 | 25.68 | 27.81 | 27.23 | 30.07 |
| Depreciation | 22.74 | 23.33 | 24.25 | 23.75 | 25.11 | 24.71 | 25.37 | 26.84 | 27.44 | 35.51 | 37.80 | 39.58 |
| Profit before tax | 41.41 | 20.06 | 23.95 | 8.32 | 11.90 | −12.93 | −16.27 | −11.15 | 11.70 | −6.66 | −7.24 | 1.87 |
| Tax % | 21.7% | 20.2% | 15.7% | 34.4% | 36.1% | −24.3% | −15.5% | −21.2% | 95.1% | −110.2% | −31.3% | 26.3% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | −1.99 | 0.00 | 0.00 |
| Net Profit | 32.21 | 15.86 | 20.05 | 5.43 | 7.54 | −9.73 | −13.68 | −8.74 | 0.56 | 0.66 | −4.95 | 1.36 |
| EPS (Rs) | 5.14 | 2.53 | 2.81 | 0.76 | 1.05 | −1.36 | −1.92 | −1.22 | 0.07 | 0.08 | −0.69 | 0.18 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,889 | 3,166 | 2,884 | 3,459 | 4,862 | 5,601 | 5,526 | 6,360 | 6,941 |
| Expenses | 3,784 | 3,075 | 2,750 | 3,313 | 4,669 | 5,371 | 5,404 | 6,211 | 6,773 |
| Operating Profit | 132 | 108 | 152 | 162 | 221 | 258 | 159 | 187 | 208 |
| OPM % | 3.4% | 3.4% | 5.0% | 4.7% | 4.5% | 4.6% | 2.9% | 2.9% | 3.0% |
| Other Income | 13.95 | 34.88 | 25.90 | 17.93 | 16.95 | 32.87 | 19.92 | 33.88 | 42.24 |
| Interest | 65.95 | 73.93 | 57.96 | 63.98 | 73.94 | 102 | 89.05 | 108 | 111 |
| Depreciation | 48.11 | 61.07 | 72.18 | 69.08 | 79.10 | 92.12 | 99.17 | 127 | 140 |
| Profit before tax | 32.09 | 8.02 | 47.15 | 49.20 | 85.30 | 98.32 | −9.03 | −13.05 | −0.33 |
| Tax % | 31.9% | −56.1% | 30.9% | 30.9% | 24.0% | 22.0% | 16.9% | −6.0% | — |
| Exceptional items | 0.00 | 22.96 | 2.99 | 0.99 | 1.99 | 4.99 | 9.99 | 39.96 | −1.00 |
| Net Profit | 20.93 | 11.96 | 31.89 | 33.90 | 63.86 | 75.79 | −9.97 | −11.97 | −2.37 |
| EPS (Rs) | 17.00 | 9.95 | 25.85 | 26.77 | 50.99 | 10.67 | −1.46 | −1.74 | −0.36 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 5.0% | 0.0% | 0.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.96 | 12.97 | 12.96 | 12.97 | 12.97 | 13.96 | 13.95 | 13.96 |
| Reserves | 185 | 200 | 233 | 267 | 330 | 640 | 626 | 615 |
| Borrowings | 795 | 644 | 648 | 754 | 935 | 923 | 920 | 1,402 |
| Other Liabilities | 218 | 275 | 229 | 232 | 229 | 379 | 346 | 351 |
| Total Liabilities | 1,212 | 1,132 | 1,124 | 1,266 | 1,507 | 1,955 | 1,906 | 2,382 |
| Fixed Assets | 406 | 471 | 464 | 564 | 670 | 733 | 720 | 1,073 |
| CWIP | 27.99 | 29.01 | 17.01 | 12.01 | 8.01 | 14.99 | 8.99 | 27.03 |
| Investments | 1.99 | 10.98 | 4.99 | 5.99 | 5.99 | 27.96 | 13.97 | 18.98 |
| Other Assets | 776 | 620 | 638 | 683 | 823 | 1,179 | 1,163 | 1,262 |
| Inventories | 360 | 290 | 319 | 368 | 441 | 596 | 585 | 622 |
| Trade receivables | 263 | 109 | 161 | 177 | 224 | 296 | 223 | 258 |
| Cash & equivalents | 28.90 | 41.89 | 58.81 | 19.94 | 27.92 | 60.81 | 30.89 | 72.81 |
| Total Assets | 1,212 | 1,132 | 1,124 | 1,266 | 1,507 | 1,955 | 1,906 | 2,382 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −47.08 | 339 | 95.23 | 70.11 | 109 | 80.12 | 151 | 100 |
| Cash from investing activity | −50.06 | −28.01 | −7.01 | −41.05 | −80.08 | −88.15 | −39.07 | −146 |
| Cash from financing activity | 83.95 | −299 | −71.04 | −65.05 | −24.01 | 38.98 | −142 | 86.97 |
| Net cash flow | −12.99 | 12.99 | 17.98 | −36.97 | 4.99 | 30.96 | −29.96 | 41.98 |
| Capex | 52.16 | 20.08 | 16.05 | 44.17 | 53.17 | 81.35 | 1.01 | 1.01 |
| Free cash flow | −99.14 | 320 | 79.11 | 26.02 | 56.04 | 8.02 | 154 | 104 |
| CFO / OP % | −20.0% | 323.1% | 62.1% | 52.1% | 61.1% | 42.0% | 108.1% | 68.1% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 25 | 13 | 20 | 19 | 17 | 19 | 15 | 15 |
| Inventory days | 40 | 41 | 49 | 47 | 40 | 47 | 46 | 42 |
| 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 |
| ROCE % | — | 6.0% | 11.0% | 12.0% | 13.0% | 14.0% | 5.0% | 4.0% |
For the Jun 2026 quarter, Popular Vehicles and Services reported sales of ₹1,885 Cr, up 44.2% year on year and net profit of ₹1.36 Cr. The operating margin was 3.1%.
Popular Vehicles and Services' sales for the year to Mar 2026 were ₹6,360 Cr; over the last twelve months they were ₹6,941 Cr.
Net profit for the year to Mar 2026 was −₹11.97 Cr, and −₹2.37 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.36.
Popular Vehicles and Services reported borrowings of ₹1,402 Cr at Mar 2026, against cash and equivalents of ₹72.81 Cr.
Cash from operations was ₹100 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹104 Cr.