Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q4 FY25 Earnings Presentation
48 slides from Ppap Automotive's earnings presentation, May 17, 2025
Slide 1: Exchange cover letter for analysts and investors presentation
17th May, 2025 The Listing Department The Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai - 400051 Symbol: 532934 Symbol: PPAP Subject: Analysts and Investors
Slide 2: PPAP Automotive Limited Investor Presentation – May 2025
PPAP Automotive Limited PPAP Automotive Limited Lets Grow Together INVESTOR PRESENTATION – May 2025
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PPAP Automotive Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: PPAP at a Glance
PPAP at a Glance 45+ 5 50+ Years Of Legacy Varied Technologies Diversified Customers No. 1 Market Leader in 5 2,600+ 5+ Plastic sealing systems Business Segments No. of SKUs Electric Vehicles 10 225k 250+ Pan-India Operating SKUs Under Parts Shipped Per Day Facilities Development 3
Slide 5: Q4 & FY25 Highlights
Q4 & FY25 Highlights 4
Slide 6: Management Commentary
Management Commentary Commenting on the results and performance for Q4 & FY25, Mr. Ajay Kumar Jain, Chairman & MD of PPAP Automotive Ltd said: “We are pleased to report a consistent improvement in our consolidated performance for Q4 and FY25, reflecting the strength of our business model, the effect
Slide 7: Industry Highlights
Industry Highlights 1 • Passenger vehicle sales in India reached an all-time high of 43.02 lakh, up by 2.0% in FY25 compared to FY24, with notable increase of 11.0% in utility vehicle sales Passenger Vehicles • Out of the Passenger vehicles, Passenger cars sales declined by 12.6% in FY25 vs FY24 to
Slide 8: Key Operational Highlights – FY25
Key Operational Highlights – FY25 Order book stands at lifetime value of INR2,834 crore as on 31st March 2025 Initiated export of Aftersales products 150+ new products launched in Aftermarket 72% Capacity Utilization • The Board of Directors has declared a final dividend of INR 1.5 to reward the sha
Slide 9: Robust Lifetime Order Wins of INR ~601 crore in FY25
Robust Lifetime Order Wins of INR ~601 crore in FY25; INR ~188 crore in Q4 FY25 Q4 FY25 ~INR 188 Crore FY25 ~INR 601 Crore EV Non-EV EV Non-EV ~INR 59 Crore ~INR 128 Crore ~INR 208 Crore ~INR 393 Crore • Robust performance in FY25 with lifetime order wins of ~INR 601 crore. These orders include a si
Slide 10: Standalone Performance Highlights Q4 and FY25
Standalone Performance Highlights Q4 and FY25 (INR Cr) Revenue Operating EBIDTA PAT 10.5% 8.8% 9.4% 11.0% 2.5% 0.9% 2.7% 142.3 3.8 132.3 2.9 12.1 11.2 12.4 15.7 115.4 127.1 1.2 Q4FY22 Q4FY23 Q4FY24 Q4FY25 Q4FY22 Q4FY23 Q4FY24 Q4FY25 -6.0 Q4FY22 Q4FY23 Q4FY24 Q4FY25 Revenue Operating EBIDTA PAT 537.6
Slide 11: Consolidated Performance Highlights Q4 and FY25
Consolidated Performance Highlights Q4 and FY25 (INR Cr) Revenue Operating EBIDTA PAT 9.9% 6.7% 8.5% 10.2% 0.7% 1.6% 147.2 2.4 135.7 15.0 0.9 122.6 132.3 12.1 11.5 8.9 -2.3 Q4FY22 Q4FY23 Q4FY24 Q4FY25 Q4FY22 Q4FY23 Q4FY24 Q4FY25 -8.2 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Revenue Operating EBIDTA PAT 9.1%
Slide 12: Segmental Revenue Breakup
Segmental Revenue Breakup FY24 FY25 Revenue Mix by Client for FY25 11.0% 5.5% 10.6% 6.0% 38.0% 12.0% 3.0% 3.0% 94.5% 89.4% 10.0% 3.0% 14.0% Parts Tools & Others Maruti Tata Honda SMG MG Motors Toyota Hyundai Renault + Nissan others 11
Slide 13: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Particulars (INR Cr) Q4FY25 Q4FY24 Y-o-Y (%) Q3FY25 Q-o-Q (%) FY25 FY24 Y-o-Y (%) Comments: Revenue from operations 142.3 132.3 7.6% 135.3 5.2% 537.6 503.9 6.7% Revenue stood at INR 537.6 Cr in FY25, COGS 83.3 78.1 77.3 307.4 299.1 +6.7% YoY, supported by a str
Slide 14: Standalone Balance Sheet
Standalone Balance Sheet Liabilities (INR Cr) Mar-25 Mar-24 Assets (INR Cr) Mar-25 Mar-24 Equity Non Current assets Property, Plant and Equipment 283.8 284.8 Equity Share capital 14.1 14.0 Capital work-in-progress 23.9 14.7 Other Equity 311.1 299.0 Investment Property 0.6 0.7 Total Equity 325.2 313.
Slide 15: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (INR Cr) FY25 FY24 Net Profit Before Tax 18.8 3.2 Adjustments for: Non-Cash Items / Other Investment or Financial Items 42.7 42.5 Operating profit before working capital changes 61.5 45.7 Changes in working capital (4.2) (7.5) Cash generated from Operations
Slide 16: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (INR Cr) Q4FY25 Q4FY24 Y-o-Y (%) Q3FY25 Q-o-Q (%) FY25 FY24 Y-o-Y (%) Revenue from operations 147.2 135.7 8.5% 139.2 5.7% 554.0 522.9 5.9% COGS 86.2 80.0 79.7 317.1 312.9 Gross Profit 61.0 55.7 9.5% 59.5 2.5% 236.9 210.0 12.8% Gross Profit Margin 41
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Liabilities (INR Cr) Mar-25 Mar-24 Assets (INR Cr) Mar-25 Mar-24 Equity Non Current assets Property, Plant and Equipment 297.9 300.3 Equity Share capital 14.1 14.0 Capital work-in-progress 24.0 14.8 Other Equity 273.8 268.9 Other Intangible Asset 9.5 9.3 Total Equity 287.9
Slide 18: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (INR Cr) FY25 FY24 Net Profit Before Tax 8.9 (8.1) Adjustments for: Non-Cash Items / Other Investment or Financial Items 48.8 49.1 Operating profit before working capital changes 57.6 41.1 Changes in working capital (3.7) 1.3 Cash generated from Operations
Slide 19: Way Forward
Way Forward 18
Slide 20: Strategic Priorities
Strategic Priorities Automotive Parts Business: • Focus on increasing content per vehicle through development of value-added products that will command higher margins • Timely execution of a robust order book over next 5 years • To increase exports which has commenced to USA and further, exploring f
Slide 21: Guidance and Roadmap to Margin Expansion
Guidance and Roadmap to Margin Expansion FY24 FY25E FY25A FY26E Earlier Guidance Actual • The company's revenue performance remained stable, albeit at the lower end of the guided range, with overall growth tempered by broader Revenue INR 523 Cr INR 550 to 575 Cr INR 554 Cr INR 600 to 660 Cr trends i
Slide 22: Company Overview
Company Overview 21
Slide 23: Journey Towards Excellence
Journey Towards Excellence 2023-2024 1978 – 1990 2002 – 2007 o Listed on BSE and 2015 – 2016 NSE o Established Plant - III o Established Plant - V (Surajpur) and Plant - (Vallam Vadgal) and o Conversion of IV (Pathredi) Plant VI (Ukhlod) partnership firm to o M&M, Renault Nissan o VW, Hyundai & Kia
Slide 24: Manufacturing Facilities
Manufacturing Facilities Noida, UP Plastic Extrusion Greater Noida, UP PVC / TPO / PP MATERIAL Chennai, TN Viramgam, GJ • 4 Locations; 15 Extrusion Lines • Bending technology, Welding technology, Chrome SUS extrusion and Notching technology Rubber Extrusion Noida, UP EPDM & TPV MATERIAL Greater Noid
Slide 25: Operating Locations Pan India Presence
Operating Locations Pan India Presence Note –Map not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness. 24
Slide 26: Product Portfolio – 4W Parts
Product Portfolio – 4W Parts 25
Slide 27: Product Portfolio – 4W Parts
Product Portfolio – 4W Parts 26
Slide 28: Product Portfolio – 2W/3W Parts
Product Portfolio – 2W/3W Parts 27
Slide 29: Esteemed Clientele
Esteemed Clientele Passenger Vehicle Commercial Wheeler Vehicle Two- V Non Automotive Energy Storage Solutions Content per vehicle for Key OEMs Up to INR 3000 UP TO INR 6000 UP TO INR 5000 UP TO INR 8000 UP TO INR 2500 28
Slide 30: Business Segments
Business Segments Commercial Tool Industrial Products Li-on Battery Automotive Parts Aftermarket Room Business Business Core competence in developing Development of Plastic Injection Extension of core competence of 100% owned subsidiary of PPAP Development and sales of spare Automotive Bod
Slide 31: Business Segments – Commercial Tool Room
Business Segments – Commercial Tool Room Key Highlights Glove Box State of the art Manufacturing facility for development of global level plastic injection molds Capacity to make mold up to 1.8 mtr Develop of molds for Automotive, Electrical, White Goods and Medical sector Reinforcement & C Pi
Slide 32: Business Segment – Industrial Product
Business Segment – Industrial Product Key Highlights Plastic Extrusion Leveraging the use of existing plastic and rubber extrusion along with injection molding Started Export during last quarter 70+ product developed, 10+ under development Focus on developing the Sealings, Gaskets, Hoses and
Slide 33: Business Segments – Li-on Battery
Business Segments – Li-on Battery Key Highlights E2W/E3W Battery Pack State of art assembly facility AIS 156 Certified Battery Pack – 2 / 3 Wheeler application Leveraging the growth of Electric Vehicles, Solar Energy, Energy Storage systems Launched more than 10 products since launch Desig
Slide 34: Business Segments – Aftermarket
Business Segments – Aftermarket Key Highlights 1,200+ SKUs Focus on expanding the domestic network as well as international market currently available under the categories of Started export in quarter 3 Interior and Exterior Accessories and Parts Launched 550+ more products in aftermarket in F
Slide 35: Product Portfolio – Aftermarket
Product Portfolio – Aftermarket Spare Parts Available Across Body Side Bumper Fender Lining Battery Box Front Lower Grill Mud Flap Moulding Horn Door Visor Grill Glass Double Armed Hook Jimny Power Supply Compound Car Accessories • Premium Car accessories • Interior • Phone holder • Rear tray Smart
Slide 36: PPAP – Strengths
PPAP – Strengths Strong R&D Capabilities Pioneering innovation, our strong Strategic & Technology R&D capabilities fuel our competitive Strong Distribution and edge, enabling us to shape the Driven Alliances industry landscape and meet Localization Our commitment to strategic and evolving market dem
Slide 37: Environment, Social and Governance Review
Environment, Social and Governance Review 36
Slide 38: Approach & Strategy
Approach & Strategy Sustainable Strategy Sustainability for Long-Term Governance Structure 37
Slide 39: Corporate Sustainability
Corporate Sustainability Sustainability Report Public Disclosure of PPAP FY 23-24 Sustainability (ESG) Targets ➢ Achieve net zero by 2045. Our total renewable 188.37 tCO2 7359 KL water 233.85 ton of ➢ Achieve carbon-neutral energy production of Emission saving via water Recycled input 2912 GJ is eno
Slide 40: Awards & Accolades
Awards & Accolades Overall Performance Zero Defect Supplies Award Annual Supplier –TATA Overall Excellence -MSIL Gold Award - Toyota Vendor Award- MSIL - Toyota MOTORS Delivery Performance Best Performance Regional Contribution Award- Silver Award for Overall, Gold Award - MSIL Award- Asahi India Aw
Slide 41: Historical Financials
Historical Financials 40
Slide 42: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (INR Cr) FY25 FY24 FY23 FY22 Revenue from operations 537.6 503.9 492.3 409.1 COGS 307.4 299.1 300.8 247.1 Gross Profit 230.2 204.8 191.5 162.0 Gross Profit Margin 42.8% 40.6% 38.9% 39.6% Employee Expenses 95.9 90.7 79.0 69.6 Other Expenses 73.7 70.2 66.
Slide 43: Standalone Balance Sheet
Standalone Balance Sheet Liabilities (INR Cr) Mar 25 Mar 24 Mar 23 Mar 22 Assets (INR Cr) Mar 25 Mar 24 Mar 23 Mar 22 Equity Non-Current Assets Property, Plant and Equipment 283.8 284.8 292.6 261.4 Equity Share capital 14.1 14.0 14.0 14.0 Capital work-in-progress 23.9 20.8 14.7 8.9 Other Equity 311.
Slide 44: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (INR Cr) FY25 FY24 FY23 FY22 Net Profit Before Tax 18.8 3.2 9.0 6.1 Adjustments for: Non-Cash Items / Other Investment or 42.7 42.5 36.5 32.5 Financial Items Operating profit before working capital changes 61.5 45.7 45.5 38.6 Changes in working capital (4.2)
Slide 45: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Cr) FY25 FY24 FY23 FY22 Revenue from operations 554.0 522.9 511.1 421.9 COGS 317.1 312.9 313.6 255.8 Gross Profit 236.9 210.0 197.5 166.1 Gross Profit Margin 42.8% 40.2% 38.6% 39.4% Employee Expenses 100.5 95.2 82.9 72.2 Other Expenses 79.2 75.1
Slide 46: Consolidated Balance Sheet
Consolidated Balance Sheet Liabilities (INR Cr) Mar 25 Mar 24 Mar 23 Mar 22 Assets (INR Cr) Mar 25 Mar 24 Mar 23 Mar 22 Equity Non-Current Assets Property, Plant and Equipment 297.9 300.3 309.7 273.9 Equity Share capital 14.1 14.0 14.0 14.0 Capital work-in-progress 24.0 14.8 9.0 20.8 Other Equity 27
Slide 47: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (INR Cr) FY25 FY24 FY23 FY22 Net Profit Before Tax 8.9 (8.1) (5.1) 0.1 Adjustments for: Non-Cash Items / Other Investment or Financial Items 48.8 49.1 49.2 37.6 Operating profit before working capital changes 57.6 41.1 44.1 37.8 Changes in working capital
Slide 48: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : CIN: L74899DL1995PLC073281 CIN: U74140MH2010PTC204285 Ms. Pankhuri Agarwal Mr. Nitin Agarwal/ Mr. Karan Thakker investorservice@ppapco.com nitin.agarwal@sgapl.net /karan.thakker@sgapl.net +91 83038 79589 / +91 81699 6256