PPAP Automotive Limited
PPAP Automotive Limited manufactures and sells automotive sealing systems and injection-moulded plastic parts in India and internationally. The company offers automotive products, including interior/exterior products, and body sealing system products; aftermarket products, including body side moulding, bumper, fender lining, battery box, front lower grill, mud flap, wiper, horn, door visor, grill… Read more
PPAP Automotive Limited (PPAP) - Net Assets
Latest net assets as of September 2025: ₹2.85 Billion INR
Based on the latest financial reports, PPAP Automotive Limited (PPAP) has net assets worth ₹2.85 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹6.15 Billion) and total liabilities (₹3.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹2.85 Billion |
| % of Total Assets | 46.26% |
| Annual Growth Rate | 12.18% |
| 5-Year Change | -5.97% |
| 10-Year Change | 40.08% |
| Growth Volatility | 43.51 |
PPAP Automotive Limited - Net Assets Trend (2003–2025)
This chart illustrates how PPAP Automotive Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PPAP Automotive Limited (2003–2025)
The table below shows the annual net assets of PPAP Automotive Limited from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹2.88 Billion | +1.77% |
| 2024-03-31 | ₹2.83 Billion | -4.02% |
| 2023-03-31 | ₹2.95 Billion | -3.01% |
| 2022-03-31 | ₹3.04 Billion | -0.75% |
| 2021-03-31 | ₹3.06 Billion | +0.97% |
| 2020-03-31 | ₹3.03 Billion | +2.64% |
| 2019-03-31 | ₹2.95 Billion | +9.54% |
| 2018-03-31 | ₹2.70 Billion | +13.99% |
| 2017-03-31 | ₹2.37 Billion | +15.11% |
| 2016-03-31 | ₹2.06 Billion | +3.53% |
| 2015-03-31 | ₹1.99 Billion | +5.09% |
| 2014-03-31 | ₹1.89 Billion | +2.98% |
| 2013-03-31 | ₹1.83 Billion | +0.85% |
| 2012-03-31 | ₹1.82 Billion | +7.62% |
| 2011-03-31 | ₹1.69 Billion | +13.90% |
| 2010-03-31 | ₹1.48 Billion | +6.22% |
| 2009-03-31 | ₹1.40 Billion | +6.28% |
| 2008-03-31 | ₹1.31 Billion | +213.15% |
| 2007-03-31 | ₹419.76 Million | +25.62% |
| 2006-03-31 | ₹334.14 Million | +8.73% |
| 2005-03-31 | ₹307.31 Million | +13.63% |
| 2004-03-31 | ₹270.45 Million | +17.76% |
| 2003-03-31 | ₹229.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PPAP Automotive Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 189659500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.90 Billion | 65.88% |
| Common Stock | ₹140.85 Million | 4.89% |
| Other Comprehensive Income | ₹124.56 Million | 4.33% |
| Other Components | ₹717.02 Million | 24.90% |
| Total Equity | ₹2.88 Billion | 100.00% |
PPAP Automotive Limited Competitors by Market Cap
The table below lists competitors of PPAP Automotive Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NWTN Inc. Warrant
NASDAQ:NWTNW
|
$7.62 Million |
|
Pryme BV
OL:PRYME
|
$7.62 Million |
|
Fantagio Corp
KQ:032800
|
$7.62 Million |
|
Birlik Mensucat Ticaret ve Sanayi Isletmesi AS
IS:BRMEN
|
$7.62 Million |
|
Ackerstein Group Ltd
TA:ACKR
|
$7.61 Million |
|
Reborn Coffee Inc
NASDAQ:REBN
|
$7.61 Million |
|
PT Hatten Bali Tbk
JK:WINE
|
$7.61 Million |
|
Scorpion Minerals Ltd
AU:SCN
|
$7.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PPAP Automotive Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,828,910,000 to 2,879,029,000, a change of 50,119,000 (1.8%).
- Net income of 69,971,000 contributed positively to equity growth.
- Dividend payments of 31,695,000 reduced retained earnings.
- Share repurchases of 865,000 reduced equity.
- New share issuances of 865,000 increased equity.
- Other comprehensive income decreased equity by 6,033,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹69.97 Million | +2.43% |
| Dividends Paid | ₹31.70 Million | -1.1% |
| Share Repurchases | ₹865.00K | -0.03% |
| Share Issuances | ₹865.00K | +0.03% |
| Other Comprehensive Income | ₹-6.03 Million | -0.21% |
| Other Changes | ₹17.88 Million | +0.62% |
| Total Change | ₹- | 1.77% |
Book Value vs Market Value Analysis
This analysis compares PPAP Automotive Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.94x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹34.15 | ₹202.91 | x |
| 2006-03-31 | ₹37.13 | ₹202.91 | x |
| 2007-03-31 | ₹46.65 | ₹202.91 | x |
| 2008-03-31 | ₹93.91 | ₹202.91 | x |
| 2009-03-31 | ₹99.78 | ₹202.91 | x |
| 2010-03-31 | ₹105.97 | ₹202.91 | x |
| 2011-03-31 | ₹120.73 | ₹202.91 | x |
| 2012-03-31 | ₹129.93 | ₹202.91 | x |
| 2013-03-31 | ₹131.03 | ₹202.91 | x |
| 2014-03-31 | ₹134.93 | ₹202.91 | x |
| 2015-03-31 | ₹141.80 | ₹202.91 | x |
| 2016-03-31 | ₹146.81 | ₹202.91 | x |
| 2017-03-31 | ₹168.99 | ₹202.91 | x |
| 2018-03-31 | ₹192.64 | ₹202.91 | x |
| 2019-03-31 | ₹211.01 | ₹202.91 | x |
| 2020-03-31 | ₹216.59 | ₹202.91 | x |
| 2021-03-31 | ₹218.70 | ₹202.91 | x |
| 2022-03-31 | ₹217.06 | ₹202.91 | x |
| 2023-03-31 | ₹209.27 | ₹202.91 | x |
| 2024-03-31 | ₹201.99 | ₹202.91 | x |
| 2025-03-31 | ₹203.67 | ₹202.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PPAP Automotive Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.26%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.97x
- Recent ROE (2.43%) is below the historical average (10.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.63% | 10.74% | 1.08x | 1.60x | ₹19.82 Million |
| 2004 | 27.79% | 13.55% | 1.14x | 1.80x | ₹48.10 Million |
| 2005 | 24.77% | 10.34% | 1.17x | 2.05x | ₹45.38 Million |
| 2006 | 23.91% | 9.94% | 1.05x | 2.30x | ₹46.47 Million |
| 2007 | 33.25% | 12.77% | 1.35x | 1.93x | ₹97.59 Million |
| 2008 | 14.75% | 15.41% | 0.73x | 1.31x | ₹62.41 Million |
| 2009 | 8.26% | 9.06% | 0.56x | 1.64x | ₹-24.34 Million |
| 2010 | 9.15% | 7.97% | 0.78x | 1.48x | ₹-12.56 Million |
| 2011 | 16.07% | 13.33% | 0.92x | 1.31x | ₹102.65 Million |
| 2012 | 7.08% | 6.98% | 0.84x | 1.21x | ₹-53.04 Million |
| 2013 | 0.84% | 0.71% | 0.93x | 1.26x | ₹-168.04 Million |
| 2014 | 2.89% | 2.21% | 0.86x | 1.51x | ₹-134.31 Million |
| 2015 | 6.06% | 3.78% | 0.98x | 1.64x | ₹-78.22 Million |
| 2016 | 6.82% | 4.40% | 0.97x | 1.60x | ₹-65.28 Million |
| 2017 | 11.82% | 8.15% | 0.97x | 1.49x | ₹43.00 Million |
| 2018 | 14.58% | 9.89% | 1.03x | 1.43x | ₹123.41 Million |
| 2019 | 11.42% | 8.21% | 0.99x | 1.41x | ₹41.97 Million |
| 2020 | 6.00% | 5.06% | 0.89x | 1.34x | ₹-121.19 Million |
| 2021 | 0.69% | 0.65% | 0.72x | 1.45x | ₹-285.21 Million |
| 2022 | -0.26% | -0.19% | 0.84x | 1.64x | ₹-311.77 Million |
| 2023 | -2.02% | -1.16% | 0.93x | 1.86x | ₹-354.19 Million |
| 2024 | -4.61% | -2.50% | 0.94x | 1.96x | ₹-413.28 Million |
| 2025 | 2.43% | 1.26% | 0.98x | 1.97x | ₹-217.93 Million |
Industry Comparison
This section compares PPAP Automotive Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPAP Automotive Limited (PPAP) | ₹2.85 Billion | 18.63% | 1.16x | $7.61 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |