PPAP Automotive Limited (PPAP) - Net Assets

Latest as of September 2025: Rs2.85 Billion INR ≈ $30.79 Million USD

Based on the latest financial reports, PPAP Automotive Limited (PPAP) has net assets worth Rs2.85 Billion INR (≈ $30.79 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.15 Billion ≈ $66.56 Million USD) and total liabilities (Rs3.31 Billion ≈ $35.77 Million USD). 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. Check asset resilience ratio of PPAP Automotive Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs2.85 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. Also explore how large is PPAP Automotive Limited's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of PPAP Automotive Limited.

Year	Net Assets	Change
2025-03-31	Rs2.88 Billion ≈ $31.14 Million	+1.77%
2024-03-31	Rs2.83 Billion ≈ $30.59 Million	-4.02%
2023-03-31	Rs2.95 Billion ≈ $31.88 Million	-3.01%
2022-03-31	Rs3.04 Billion ≈ $32.86 Million	-0.75%
2021-03-31	Rs3.06 Billion ≈ $33.11 Million	+0.97%
2020-03-31	Rs3.03 Billion ≈ $32.79 Million	+2.64%
2019-03-31	Rs2.95 Billion ≈ $31.95 Million	+9.54%
2018-03-31	Rs2.70 Billion ≈ $29.17 Million	+13.99%
2017-03-31	Rs2.37 Billion ≈ $25.59 Million	+15.11%
2016-03-31	Rs2.06 Billion ≈ $22.23 Million	+3.53%
2015-03-31	Rs1.99 Billion ≈ $21.47 Million	+5.09%
2014-03-31	Rs1.89 Billion ≈ $20.43 Million	+2.98%
2013-03-31	Rs1.83 Billion ≈ $19.84 Million	+0.85%
2012-03-31	Rs1.82 Billion ≈ $19.67 Million	+7.62%
2011-03-31	Rs1.69 Billion ≈ $18.28 Million	+13.90%
2010-03-31	Rs1.48 Billion ≈ $16.05 Million	+6.22%
2009-03-31	Rs1.40 Billion ≈ $15.11 Million	+6.28%
2008-03-31	Rs1.31 Billion ≈ $14.22 Million	+213.15%
2007-03-31	Rs419.76 Million ≈ $4.54 Million	+25.62%
2006-03-31	Rs334.14 Million ≈ $3.61 Million	+8.73%
2005-03-31	Rs307.31 Million ≈ $3.32 Million	+13.63%
2004-03-31	Rs270.45 Million ≈ $2.92 Million	+17.76%
2003-03-31	Rs229.66 Million ≈ $2.48 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	Rs1.90 Billion	65.88%
Common Stock	Rs140.85 Million	4.89%
Other Comprehensive Income	Rs124.56 Million	4.33%
Other Components	Rs717.02 Million	24.90%
Total Equity	Rs2.88 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
Infoline Tec Holdings Bhd KLSE:0253	$31.01 Million
Innature Bhd KLSE:5295	$31.01 Million
Future Battery Minerals Ltd AU:FBM	$31.03 Million
Vitreous Glass Inc V:VCI	$31.04 Million
Ledtech Electronics Corp TW:6164	$31.00 Million
Landis Taipei Hotel Co Ltd TWO:5703	$30.98 Million
Gediz Ambalaj Sanayi ve Ticaret AS IS:GEDZA	$30.97 Million
Key Tronic Corporation NASDAQ:KTCC	$30.95 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	Rs69.97 Million	+2.43%
Dividends Paid	Rs31.70 Million	-1.1%
Share Repurchases	Rs865.00K	-0.03%
Share Issuances	Rs865.00K	+0.03%
Other Comprehensive Income	Rs-6.03 Million	-0.21%
Other Changes	Rs17.88 Million	+0.62%
Total Change	Rs-	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 5.95x 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	Rs34.15	Rs203.10	x
2006-03-31	Rs37.13	Rs203.10	x
2007-03-31	Rs46.65	Rs203.10	x
2008-03-31	Rs93.91	Rs203.10	x
2009-03-31	Rs99.78	Rs203.10	x
2010-03-31	Rs105.97	Rs203.10	x
2011-03-31	Rs120.73	Rs203.10	x
2012-03-31	Rs129.93	Rs203.10	x
2013-03-31	Rs131.03	Rs203.10	x
2014-03-31	Rs134.93	Rs203.10	x
2015-03-31	Rs141.80	Rs203.10	x
2016-03-31	Rs146.81	Rs203.10	x
2017-03-31	Rs168.99	Rs203.10	x
2018-03-31	Rs192.64	Rs203.10	x
2019-03-31	Rs211.01	Rs203.10	x
2020-03-31	Rs216.59	Rs203.10	x
2021-03-31	Rs218.70	Rs203.10	x
2022-03-31	Rs217.06	Rs203.10	x
2023-03-31	Rs209.27	Rs203.10	x
2024-03-31	Rs201.99	Rs203.10	x
2025-03-31	Rs203.67	Rs203.10	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	Rs19.82 Million
2004	27.79%	13.55%	1.14x	1.80x	Rs48.10 Million
2005	24.77%	10.34%	1.17x	2.05x	Rs45.38 Million
2006	23.91%	9.94%	1.05x	2.30x	Rs46.47 Million
2007	33.25%	12.77%	1.35x	1.93x	Rs97.59 Million
2008	14.75%	15.41%	0.73x	1.31x	Rs62.41 Million
2009	8.26%	9.06%	0.56x	1.64x	Rs-24.34 Million
2010	9.15%	7.97%	0.78x	1.48x	Rs-12.56 Million
2011	16.07%	13.33%	0.92x	1.31x	Rs102.65 Million
2012	7.08%	6.98%	0.84x	1.21x	Rs-53.04 Million
2013	0.84%	0.71%	0.93x	1.26x	Rs-168.04 Million
2014	2.89%	2.21%	0.86x	1.51x	Rs-134.31 Million
2015	6.06%	3.78%	0.98x	1.64x	Rs-78.22 Million
2016	6.82%	4.40%	0.97x	1.60x	Rs-65.28 Million
2017	11.82%	8.15%	0.97x	1.49x	Rs43.00 Million
2018	14.58%	9.89%	1.03x	1.43x	Rs123.41 Million
2019	11.42%	8.21%	0.99x	1.41x	Rs41.97 Million
2020	6.00%	5.06%	0.89x	1.34x	Rs-121.19 Million
2021	0.69%	0.65%	0.72x	1.45x	Rs-285.21 Million
2022	-0.26%	-0.19%	0.84x	1.64x	Rs-311.77 Million
2023	-2.02%	-1.16%	0.93x	1.86x	Rs-354.19 Million
2024	-4.61%	-2.50%	0.94x	1.96x	Rs-413.28 Million
2025	2.43%	1.26%	0.98x	1.97x	Rs-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: $20,558,196,000
Average return on equity (ROE) among peers: 17.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PPAP Automotive Limited (PPAP)	Rs2.85 Billion	18.63%	1.16x	$31.00 Million
Asahi India Glass Limited (ASAHIINDIA)	$12.88 Billion	11.93%	2.00x	$2.31 Billion
ASK AUTOMOTIVE LIMITED (ASKAUTOLTD)	$10.43 Billion	23.74%	0.84x	$937.98 Million
Balkrishna Industries Limited (BALKRISIND)	$50.08 Billion	19.16%	0.36x	$4.52 Billion
Banco Products (I) Limited (BANCOINDIA)	$9.82 Billion	15.53%	0.56x	$956.83 Million
Bharat Gears Limited (BHARATGEAR)	$393.44 Million	22.33%	3.35x	$17.81 Million
Bosch Limited (BOSCHLTD)	$47.28 Billion	23.74%	0.51x	$11.48 Billion
CEAT Limited (CEATLTD)	$5.13 Billion	28.95%	2.06x	$1.50 Billion
CIE Automotive India Limited (CIEINDIA)	$49.08 Billion	2.17%	0.94x	$1.94 Billion
Craftsman Automation Limited (CRAFTSMAN)	$17.52 Billion	17.38%	1.69x	$1.98 Billion
Divgi Torqtransfer Systems Limited (DIVGIITTS)	$2.96 Billion	12.86%	0.23x	$238.35 Million

About PPAP Automotive Limited

NSE:PPAP India Auto Parts

Market Cap

$31.00 Million

Rs2.87 Billion INR

Market Cap Rank

#23614 Global

#1305 in India

Share Price

Rs203.10

Change (1 day)

-3.31%

52-Week Range

Rs163.59 - Rs278.96

All Time High

Rs656.08