Popular Vehicles and Services Limited (PVSL) - Net Assets
Based on the latest financial reports, Popular Vehicles and Services Limited (PVSL) has net assets worth Rs6.28 Billion INR (≈ $67.90 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs23.83 Billion ≈ $257.74 Million USD) and total liabilities (Rs17.55 Billion ≈ $189.84 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 PVSL tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs6.28 Billion |
| % of Total Assets | 26.34% |
| Annual Growth Rate | 17.93% |
| 5-Year Change | 124.32% |
| 10-Year Change | N/A |
| Growth Volatility | 31.26 |
Popular Vehicles and Services Limited - Net Assets Trend (2019–2026)
This chart illustrates how Popular Vehicles and Services Limited's net assets have evolved over time, based on quarterly financial data. See Popular Vehicles and Services Limited (PVSL) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Popular Vehicles and Services Limited (2019–2026)
The table below shows the annual net assets of Popular Vehicles and Services Limited from 2019 to 2026. For live valuation and market cap data, see Popular Vehicles and Services Limited (PVSL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs6.28 Billion ≈ $67.90 Million |
-1.71% |
| 2025-03-31 | Rs6.39 Billion ≈ $69.08 Million |
-2.20% |
| 2024-03-31 | Rs6.53 Billion ≈ $70.64 Million |
+90.40% |
| 2023-03-31 | Rs3.43 Billion ≈ $37.10 Million |
+22.57% |
| 2022-03-31 | Rs2.80 Billion ≈ $30.27 Million |
+13.77% |
| 2021-03-31 | Rs2.46 Billion ≈ $26.60 Million |
+24.34% |
| 2019-03-31 | Rs1.98 Billion ≈ $21.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Popular Vehicles and Services 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs142.40 Million | 2.27% |
| Other Components | Rs6.14 Billion | 97.73% |
| Total Equity | Rs6.28 Billion | 100.00% |
Popular Vehicles and Services Limited Competitors by Market Cap
The table below lists competitors of Popular Vehicles and Services Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ibkimyoung Co. Ltd
KQ:339950
|
$73.91 Million |
|
Seafco Public Company Limited
BK:SEAFCO
|
$73.91 Million |
|
Medicalg
WAR:MDG
|
$73.96 Million |
|
Surf Air Mobility Inc.
NYSE:SRFM
|
$73.97 Million |
|
Datacentrex, Inc.
NASDAQ:DTCX
|
$73.87 Million |
|
Viet Nam Fumigation JSC
VN:VFG
|
$73.85 Million |
|
Orior AG
SW:ORON
|
$73.85 Million |
|
Unifi Inc
NYSE:UFI
|
$73.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Popular Vehicles and Services Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 6,387,730,000 to 6,278,370,000, a change of -109,360,000 (-1.7%).
- Net loss of 124,740,000 reduced equity.
- Other comprehensive income decreased equity by 48,340,000.
- Other factors increased equity by 63,720,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-124.74 Million | -1.99% |
| Other Comprehensive Income | Rs-48.34 Million | -0.77% |
| Other Changes | Rs63.72 Million | +1.01% |
| Total Change | Rs- | -1.71% |
Book Value vs Market Value Analysis
This analysis compares Popular Vehicles and Services 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: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.45x to 1.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | Rs27.79 | Rs95.94 | x |
| 2020-03-31 | Rs18.50 | Rs95.94 | x |
| 2021-03-31 | Rs34.55 | Rs95.94 | x |
| 2022-03-31 | Rs39.31 | Rs95.94 | x |
| 2023-03-31 | Rs48.18 | Rs95.94 | x |
| 2024-03-31 | Rs103.45 | Rs95.94 | x |
| 2025-03-31 | Rs89.65 | Rs95.94 | x |
| 2026-03-31 | Rs88.08 | Rs95.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Popular Vehicles and Services 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): -1.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.20%
- • Asset Turnover: 2.68x
- • Equity Multiplier: 3.80x
- Recent ROE (-1.99%) is below the historical average (10.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.80% | 0.55% | 3.22x | 6.12x | Rs15.89 Million |
| 2020 | 24.03% | 0.00% | 0.00x | 0.00x | Rs184.81 Million |
| 2021 | 13.19% | 1.18% | 2.45x | 4.55x | Rs78.55 Million |
| 2022 | 12.03% | 0.97% | 2.74x | 4.51x | Rs56.80 Million |
| 2023 | 18.68% | 1.31% | 3.24x | 4.38x | Rs297.70 Million |
| 2024 | 11.65% | 1.35% | 2.87x | 3.00x | Rs107.61 Million |
| 2025 | -1.64% | -0.19% | 2.91x | 2.98x | Rs-743.40 Million |
| 2026 | -1.99% | -0.20% | 2.68x | 3.80x | Rs-752.58 Million |
Industry Comparison
This section compares Popular Vehicles and Services Limited's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $8,493,407,500
- Average return on equity (ROE) among peers: 7.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Popular Vehicles and Services Limited (PVSL) | Rs6.28 Billion | 10.80% | 2.80x | $73.87 Million |
| Cartrade Tech Limited (CARTRADE) | $12.27 Billion | -3.01% | 0.02x | $1.34 Billion |
| Landmark Cars Limited (LANDMARK) | $4.72 Billion | 17.91% | 1.68x | $200.72 Million |
About Popular Vehicles and Services Limited
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; distri… Read more