Popular Vehicles and Services Limited Net Assets
Popular Vehicles and Services Limited 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. Also explore Popular Vehicles and Services Limited net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Popular Vehicles and Services Limited (2019–2026)
Net assets of Popular Vehicles and Services Limited from 2019 to 2026. This chart illustrates how Popular Vehicles and Services Limited's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Popular Vehicles and Services Limited to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see market value of Popular Vehicles and Services Limited.
| 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 grown by 169.1% over the analyzed period, indicating profitable operations and earnings retention.
Popular Vehicles and Services Limited Net Assets Breakdown (March 2026)
Popular Vehicles and Services Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs3.14 Billion | 50.07% |
| Common Stock | Rs142.40 Million | 2.27% |
| Other Components | Rs2.99 Billion | 47.66% |
| 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 |
|---|---|
|
Daidong Elec
KO:008110
|
$71.25 Million |
|
Nongwoobio Co. Ltd
KQ:054050
|
$71.27 Million |
|
Daejung Chemicals & Metals Co.Ltd
KQ:120240
|
$71.31 Million |
|
WI Co. Ltd.
KQ:073570
|
$71.35 Million |
|
VLS Finance Limited
NSE:VLSFINANCE
|
$71.24 Million |
|
Hotron Precision Electronic Industrial Co Ltd
TW:3092
|
$71.23 Million |
|
LG HelloVision Corp
KO:037560
|
$71.22 Million |
|
Central Proteina Prima Tbk
JK:CPRO
|
$71.14 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: 1.05x
- 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 3.33x to 1.05x 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 | Rs92.52 | x |
| 2020-03-31 | Rs18.50 | Rs92.52 | x |
| 2021-03-31 | Rs34.55 | Rs92.52 | x |
| 2022-03-31 | Rs39.31 | Rs92.52 | x |
| 2023-03-31 | Rs48.18 | Rs92.52 | x |
| 2024-03-31 | Rs103.45 | Rs92.52 | x |
| 2025-03-31 | Rs89.65 | Rs92.52 | x |
| 2026-03-31 | Rs88.08 | Rs92.52 | 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: $13,534,685,500
- Average return on equity (ROE) among peers: 3.99%
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 | $71.24 Million |
| Cartrade Tech Limited (CARTRADE) | $21.22 Billion | 1.60% | 0.10x | $1.29 Billion |
| Landmark Cars Limited (LANDMARK) | $5.85 Billion | 6.38% | 2.39x | $204.51 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