Income Statement Popular Vehicles and Services Limited

Equities

PVSL

INE772T01024

Passenger Transportation, Ground & Sea

End-of-day quote NSE India S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
225.88 ^INR	+0.63%		-0.64%	0.00%

Sep. 10	Popular Vehicles and Services Limited Announces Resignation of K Ganeshkumar as Head Operations- Tamil Nadu, Effective December 3, 2024	CI
Sep. 03	Popular Vehicles and Services Limited Receives Order from Assistant Commissioner of Commercial Tax Office, LGSTO-15, DGSTO-4, Bengaluru	CI

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Published financial data: POPULAR VEHICLES AND SERVICES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	31.77B	28.94B	34.66B	48.75B	56.16B
Total Revenues	31.77B	28.94B	34.66B	48.75B	56.16B
Cost of Goods Sold, Total	27B	24.44B	29.32B	41.63B	47.81B
Gross Profit	4.77B	4.49B	5.34B	7.12B	8.34B
Selling General & Admin Expenses, Total	2.67B	2.2B	2.66B	3.42B	4.08B
Provision for Bad Debts	-	24.76M	9.42M	30.53M	-18.68M
Depreciation & Amortization - (IS)	603M	725M	693M	794M	919M
Other Operating Expenses	1.06B	774M	1.06B	1.48B	1.71B
Other Operating Expenses, Total	4.33B	3.73B	4.43B	5.73B	6.69B
Operating Income	434M	766M	911M	1.39B	1.65B
Interest Expense, Total	-657M	-519M	-590M	-683M	949M
Interest And Investment Income	15.27M	26.13M	31.98M	19.03M	33.86M
Net Interest Expenses	-641M	-492M	-558M	-664M	982M
Other Non Operating Income (Expenses)	31.92M	3.48M	21.67M	31.39M	-1.85B
EBT, Excl. Unusual Items	-175M	277M	375M	757M	775M
Gain (Loss) On Sale Of Investments	-	19.24M	6.89M	640K	28.37M
Gain (Loss) On Sale Of Assets	1.68M	20.74M	8.2M	-11.24M	0
Asset Writedown	-7.6M	28.1M	780K	36.21M	26.61M
Other Unusual Items	261M	127M	94.83M	66.4M	147M
EBT, Incl. Unusual Items	79.95M	473M	485M	849M	977M
Income Tax Expense	-44.95M	148M	149M	208M	216M
Earnings From Continuing Operations	125M	325M	337M	641M	761M
Net Income to Company	125M	325M	337M	641M	761M
Net Income - (IS)	125M	325M	337M	641M	761M
Net Income to Common Incl Extra Items	125M	325M	337M	641M	761M
Net Income to Common Excl. Extra Items	125M	325M	337M	641M	761M
Per Share Items
Net EPS - Basic	1.99	5.18	5.37	10.22	12.05
Basic EPS - Continuing Operations	1.99	5.18	5.37	10.22	12.05
Basic Weighted Average Shares Outstanding	62.7M	62.7M	62.7M	62.7M	63.14M
Net EPS - Diluted	1.99	5.18	5.37	10.22	12.05
Diluted EPS - Continuing Operations	1.99	5.18	5.37	10.22	12.05
Diluted Weighted Average Shares Outstanding	62.7M	62.7M	62.7M	62.7M	63.14M
Normalized Basic EPS	-1.75	2.77	3.74	7.54	7.67
Normalized Diluted EPS	-1.75	2.77	3.74	7.54	7.67
Dividend Per Share	-	-	-	-	0.5
Supplemental Items
EBITDA	1.04B	1.12B	1.19B	1.72B	2.54B
EBITA	434M	771M	916M	1.4B	2.18B
EBIT	434M	766M	911M	1.39B	1.65B
EBITDAR	1.14B	1.16B	1.29B	1.85B	2.71B
Total Revenues (As Reported)	31.86B	29.19B	34.84B	48.93B	56.47B
Effective Tax Rate - (Ratio)	-56.22	31.32	30.65	24.5	22.14
Current Domestic Taxes	33.11M	99.86M	129M	240M	249M
Total Current Taxes	33.11M	99.86M	129M	240M	249M
Deferred Domestic Taxes	-78.06M	48.11M	19.35M	-32.17M	-32.62M
Total Deferred Taxes	-78.06M	48.11M	19.35M	-32.17M	-32.62M
Normalized Net Income	-110M	173M	234M	473M	485M
Interest on Long-Term Debt	269M	281M	323M	363M	430M
Non-Cash Pension Expense	4.08M	-1.73M	-1.49M	170K	620K
Supplemental Operating Expense Items
Advertising Expense	181M	120M	142M	208M	243M
Selling and Marketing Expenses	181M	120M	142M	208M	243M
Net Rental Expense, Total	103M	47.94M	102M	134M	175M
Imputed Operating Lease Interest Expense	90M	30.7M	68.28M	86.36M	-143M
Imputed Operating Lease Depreciation	13.12M	17.24M	33.46M	47.58M	318M
Maintenance & Repair Expenses, Total	138M	111M	150M	206M	232M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	375M	555M	184M	238M	550M
Short Term Investments	90.01M	-	-	-	-
Trading Asset Securities, Total	-	-	15.89M	2.24M	170M
Total Cash And Short Term Investments	465M	555M	200M	240M	720M
Accounts Receivable, Total	1.09B	1.61B	1.77B	2.24B	2.97B
Other Receivables	-	-	-	-	23.61M
Notes Receivable	0	46.36M	0	0	-1.78M
Total Receivables	1.09B	1.65B	1.77B	2.24B	2.99B
Inventory	3.22B	3.2B	3.7B	4.52B	6.36B
Prepaid Expenses	28.31M	33.79M	36.43M	93.04M	44.9M
Other Current Assets, Total	563M	224M	315M	266M	847M
Total Current Assets	5.36B	5.67B	6.02B	7.36B	10.96B
Gross Property Plant And Equipment	5.69B	5.77B	6.89B	7.81B	8.78B
Accumulated Depreciation	-741M	-1.02B	-1.18B	-1.31B	-1.56B
Net Property Plant And Equipment	4.95B	4.75B	5.72B	6.49B	7.22B
Long-term Investments	21.81M	49.21M	44.31M	57.69M	113M
Goodwill	-	11.8M	11.8M	115M	115M
Other Intangibles, Total	55.92M	49.87M	39.05M	185M	143M
Loans Receivable Long-Term	-	278M	-	-	-
Deferred Tax Assets Long-Term	227M	178M	158M	161M	187M
Other Long-Term Assets, Total	690M	211M	645M	670M	823M
Total Assets	11.31B	11.19B	12.63B	15.04B	19.57B
Liabilities
Accounts Payable, Total	1.33B	409M	868M	908M	1.54B
Accrued Expenses, Total	623M	630M	348M	457M	720M
Short-term Borrowings	2.77B	2.36B	2.53B	3.77B	4.2B
Current Portion of Long-Term Debt	251M	275M	304M	368M	113M
Current Portion of Leases	305M	304M	270M	335M	347M
Current Income Taxes Payable	-	3.15M	-	12.29M	-
Unearned Revenue Current, Total	56.5M	825M	788M	729M	687M
Other Current Liabilities	504M	107M	109M	56.36M	519M
Total Current Liabilities	5.84B	4.92B	5.22B	6.64B	8.13B
Long-Term Debt	473M	893M	881M	911M	134M
Long-Term Leases	2.66B	2.67B	3.57B	4B	4.46B
Unearned Revenue Non Current	157M	-	-	-	-
Pension & Other Post Retirement Benefits	17.29M	4.51M	17.21M	9.24M	10.2M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	39.37M	250M	144M	52.65M	306M
Total Liabilities	9.18B	8.73B	9.83B	11.61B	13.03B
Common Stock, Total	125M	125M	125M	125M	142M
Additional Paid In Capital	637M	637M	637M	637M	2.94B
Retained Earnings	1.36B	1.69B	2.03B	2.66B	3.44B
Comprehensive Income and Other	4.93M	4.93M	4.93M	4.93M	4.93M
Total Common Equity	2.13B	2.46B	2.8B	3.43B	6.53B
Total Equity	2.13B	2.46B	2.8B	3.43B	6.53B
Total Liabilities And Equity	11.31B	11.19B	12.63B	15.04B	19.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	62.72M	62.72M	62.72M	62.72M	71.2M
ECS Total Common Shares Outstanding	62.72M	62.72M	62.72M	62.72M	71.2M
Book Value / Share	33.92	39.22	44.62	54.69	91.74
Tangible Book Value	2.07B	2.4B	2.75B	3.13B	6.27B
Tangible Book Value Per Share	33.03	38.24	43.81	49.91	88.11
Total Debt	6.45B	6.5B	7.56B	9.38B	9.25B
Net Debt	5.99B	5.95B	7.36B	9.14B	8.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-5.2M	-6.27M	18.71M	7.2M	-32.06M
Debt Equivalent Oper. Leases	825M	384M	814M	1.07B	1.4B
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Finished Goods, Total	2.8B	3.11B	3.55B	4.27B	5.79B
Inventories - Others	73.49M	70.99M	119M	144M	163M
Land - (BS)	107M	91.97M	91.97M	91.97M	91.97M
Buildings, Total	580M	640M	689M	884M	999M
Machinery, Total	1.66B	1.78B	1.89B	2.1B	2.47B
Full Time Employees	6.25K	8.46K	6.62K	9.73K	10K
Accumulated Allowance for Doubtful Accounts (Supple)	51.81M	50.5M	49.5M	60.94M	45.04M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-	325M	337M	641M	761M
Depreciation & Amortization - CF	-	710M	679M	774M	361M
Amortization of Goodwill and Intangible Assets - (CF)	-	4.9M	5.53M	12.4M	535M
Depreciation & Amortization, Total	-	715M	685M	787M	896M
Amortization of Deferred Charges, Total - (CF)	-	10.22M	7.76M	7.69M	22.95M
(Gain) Loss From Sale Of Asset	-	-20.74M	-8.2M	11.24M	-17.82M
(Gain) Loss on Sale of Investments - (CF)	-	-19.24M	-6.89M	-640K	-28.37M
Asset Writedown & Restructuring Costs	-	-	-780K	-36.21M	-21.66M
Provision and Write-off of Bad Debts	-	24.76M	9.42M	30.53M	-18.68M
Other Operating Activities, Total	-	522M	479M	575M	681M
Change In Accounts Receivable	-	-543M	-208M	-394M	-713M
Change In Inventories	-	-244M	-504M	-326M	-1.54B
Change in Other Net Operating Assets	-	182M	-90.2M	-206M	780M
Cash from Operations	-	952M	700M	1.09B	799M
Capital Expenditure	-	-273M	-483M	-540M	-796M
Sale of Property, Plant, and Equipment	-	130M	39.32M	36.76M	85.87M
Cash Acquisitions	-	-	-	-286M	-
Sale (Purchase) of Intangible assets	-	-20.87M	-2.47M	-26.86M	-10.74M
Investment in Marketable and Equity Securities, Total	-	81.85M	-4.1M	910K	-194M
Other Investing Activities, Total	-	15.68M	31.98M	19.03M	33.86M
Cash from Investing	-	-66.5M	-418M	-796M	-882M
Short Term Debt Issued, Total	-	-	101M	763M	428M
Long-Term Debt Issued, Total	-	639M	266M	352M	515M
Total Debt Issued	-	639M	368M	1.12B	943M
Short Term Debt Repaid, Total	-	-405M	-	-	-
Long-Term Debt Repaid, Total	-	-663M	-753M	-1.02B	-1.88B
Total Debt Repaid	-	-1.07B	-753M	-1.02B	-1.88B
Issuance of Common Stock	-	-	-	-	2.32B
Other Financing Activities, Total	-	-278M	-287M	-332M	-991M
Cash from Financing	-	-707M	-672M	-238M	394M
Net Change in Cash	-	178M	-390M	54.29M	311M
Supplemental Items
Cash Interest Paid	-	278M	287M	332M	430M
Cash Income Tax Paid (Refund)	-	-4.55M	151M	253M	298M
Levered Free Cash Flow	-	-146M	-159M	-528M	-84.58M
Unlevered Free Cash Flow	-	178M	209M	-101M	-677M
Change In Net Working Capital	-2.36B	731M	567M	1.2B	1.82B
Net Debt Issued / Repaid	-	-429M	-385M	94.02M	-937M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.54	4.26	4.78	6.27	5.95
Return on Total Capital	3.3	5.46	5.89	7.49	7.2
Return On Equity %	5.67	14.15	12.8	20.57	15.27
Return on Common Equity	5.67	14.15	12.8	20.57	15.27
Margin Analysis
Gross Profit Margin %	15.01	15.53	15.41	14.6	14.85
SG&A Margin	8.41	7.61	7.69	7.02	7.27
EBITDA Margin %	3.27	3.85	3.44	3.52	4.52
EBITA Margin %	1.37	2.67	2.64	2.87	3.89
EBIT Margin %	1.37	2.65	2.63	2.85	2.93
Income From Continuing Operations Margin %	0.39	1.12	0.97	1.31	1.35
Net Income Margin %	0.39	1.12	0.97	1.31	1.35
Net Avail. For Common Margin %	0.39	1.12	0.97	1.31	1.35
Normalized Net Income Margin	-0.35	0.6	0.68	0.97	0.86
Levered Free Cash Flow Margin	-	-0.5	-0.46	-1.08	-0.15
Unlevered Free Cash Flow Margin	-	0.62	0.6	-0.21	-1.21
Asset Turnover
Asset Turnover	2.97	2.57	2.91	3.52	3.25
Fixed Assets Turnover	8.71	5.97	6.62	7.99	8.19
Receivables Turnover (Average Receivables)	16.98	21.46	20.55	24.35	21.57
Inventory Turnover (Average Inventory)	7.79	7.62	8.5	10.13	8.79
Short Term Liquidity
Current Ratio	0.92	1.15	1.15	1.11	1.35
Quick Ratio	0.27	0.44	0.38	0.37	0.46
Operating Cash Flow to Current Liabilities	-	0.19	0.13	0.16	0.1
Days Sales Outstanding (Average Receivables)	21.56	17	17.76	14.99	16.97
Days Outstanding Inventory (Average Inventory)	46.96	47.92	42.96	36.03	41.63
Average Days Payable Outstanding	14.36	13.08	9.37	7.64	9.03
Cash Conversion Cycle (Average Days)	54.16	51.84	51.34	43.39	49.57
Long Term Solvency
Total Debt/Equity	303.27	264.29	270.08	273.54	141.62
Total Debt / Total Capital	75.2	72.55	72.98	73.23	58.61
LT Debt/Equity	147.08	144.65	159.02	143.11	70.28
Long-Term Debt / Total Capital	36.47	39.71	42.97	38.31	29.09
Total Liabilities / Total Assets	81.19	78.01	77.84	77.19	66.62
EBIT / Interest Expense	0.66	1.48	1.54	2.03	-1.74
EBITDA / Interest Expense	1.58	2.86	2.71	3.19	-2.68
(EBITDA - Capex) / Interest Expense	1.58	2.33	1.89	2.4	-1.84
Total Debt / EBITDA	6.22	4.39	4.74	4.31	3.64
Net Debt / EBITDA	5.77	4.02	4.61	4.2	3.35
Total Debt / (EBITDA - Capex)	6.22	5.38	6.79	5.74	5.29
Net Debt / (EBITDA - Capex)	5.77	4.92	6.61	5.59	4.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-18.66	-8.77	19.78	40.66	15.19
Gross Profit, 1 Yr. Growth %	-6.78	-5.66	18.87	33.26	17.18
EBITDA, 1 Yr. Growth %	10.57	55.47	6.92	43.84	17.12
EBITA, 1 Yr. Growth %	-36.86	73.81	18.82	52.92	17.83
EBIT, 1 Yr. Growth %	-36.86	78.52	18.86	52.49	18.62
Earnings From Cont. Operations, 1 Yr. Growth %	-53.93	159.83	3.74	90.31	18.73
Net Income, 1 Yr. Growth %	-53.93	159.83	3.74	90.31	18.73
Normalized Net Income, 1 Yr. Growth %	-143.74	-216.81	35.09	101.91	2.45
Diluted EPS Before Extra, 1 Yr. Growth %	-54.91	159.84	3.75	90.31	17.94
Accounts Receivable, 1 Yr. Growth %	-58.96	47.6	9.88	26.72	32.68
Inventory, 1 Yr. Growth %	-13.29	-0.58	15.69	22.08	40.73
Net Property, Plant and Equip., 1 Yr. Growth %	111.91	-4.18	20.45	13.56	11.26
Total Assets, 1 Yr. Growth %	12.47	-1.08	12.9	19.04	30.12
Tangible Book Value, 1 Yr. Growth %	-6.62	15.76	14.58	13.91	100.41