ETtechPPAP Automotive, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 250.60 Crore) operating in Auto Ancillaries sector.
PPAP Automotive key Products/Revenue Segments include Automotive Equipments, Moulds and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 127.56 Crore, down -.97 % from last quarter Total Income of Rs 128.81 Crore and up 10.96 % from last year same quarter Total Income of Rs 114.96 Crore. Company has reported net profit after tax of Rs -1.15 Crore in latest quarter.
The company’s top management includes Mr.Ajay Kumar Jain, Mr.Abhishek Jain, Mrs.Vinay Kumari Jain, Mrs.Celine George, Mr.Bhuwan Kumar Chaturvedi, Mr.Pravin Kumar Gupta. Company has O P Bagla & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 1 Crore shares outstanding.
Investment Rationale
PPAP continues to be a key beneficiary of strong underlying demand in the PV space with Maruti Suzuki as its anchor client and EV agnostic product profile. However, margin profile at PPAP has been dismal and on a continuous decline. The brokerage awaits margin recovery amid decline in crude and associated plastic resin prices (key raw material).
Promoter/FII Holdings
Promoters held 65.01 per cent stake in the company as of 31-Dec-2022, while FIIs owned 5.73 per cent, DIIs 0 per cent.
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