| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,890 | 1,311 | +44.1% |
| EBITDA | 57.9 | 33.2 | +74.4% |
| EBITDA margin | 3.1% | 2.5% | +0.5 pts |
| Profit before tax | 1.9 | −11.1 | — |
| Net profit | 1.4 | −8.8 | — |
| EPS | ₹0.19 | −₹1.23 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 |
|---|
| 672 | — | — | — | |
| 66.1 | 66.1 | 24.5 | 72.0 | |
| 696 | 696 | 423 | 445 | |
| 1,302 | — | — | — | |
| 6,960 | 6,381 | 5,541 | 5,616 | |
| — | +15.2% | −1.3% | — | |
| 208 | 183 | 155 | 255 | |
| 3.0% | 2.9% | 2.8% | 4.5% | |
| 68.1 | 56.1 | 56.3 | 163 | |
| −2.3 | −12.5 | −10.5 | 76.1 | |
| −0.0% | −0.2% | −0.2% | 1.4% | |
| −₹0.33 | −₹1.79 | −₹1.47 | ₹10.68 | |
| — | −22.1% | −113.8% | — | |
| — | 100 | 151 | 79.9 | |
| — | −102 | −53.8 | −80.7 | |
| −2.0 | −2.0 | 97.0 | −0.8 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 672.2 | |
| - Cash, Equiv & ST Investments | 72.0 | 24.5 | 66.1 | 66.1 | |
| + Total Debt | 444.6 | 423.1 | 696.1 | 696.1 | |
| Enterprise Value | — | — | — | 1,302.2 | |
| Revenue | 5,615.5 | 5,541.2 | 6,381.1 | 6,959.8 | |
| Growth %, YoY | — | -1.3 | +15.2 | — | |
| EBITDA | 254.9 | 155.0 | 183.4 | 208.1 | |
| Margin % | 4.54 | 2.80 | 2.87 | 2.99 | |
| EBIT | 163.0 | 56.3 | 56.1 | 68.1 | |
| Net Income | 76.1 | -10.5 | -12.5 | -2.3 | |
| Margin % | 1.35 | -0.19 | -0.20 | -0.03 | |
| EPS, Adj (current shares) | 10.68 | -1.47 | -1.79 | -0.33 | |
| Growth %, YoY | — | -113.8 | -22.1 | — | |
| Cash from Operations | 79.9 | 150.8 | 100.2 | — | |
| Capital Expenditures | -80.7 | -53.8 | -102.2 | — | |
| Free Cash Flow | -0.8 | 97.0 | -2.0 | -2.0 | |
Prices at the previous close · figures from the company's filings with NSE
Popular Vehicles and Services (NSE: PVSL) had a market capitalisation of ₹671 crore at the previous close (₹94.41 a share) and a price-to-book ratio of 1.07. In FY26 its consolidated net loss was ₹12.8 crore on revenue of ₹6,381 crore; in Q1 FY27 (April–June 2026) it was ₹1.4 crore. Its debt-to-equity ratio was 1.11 on 31 March 2026. Promoters held 61.38% of the shares on 30 September 2026.
Popular Vehicles and Services' PE ratio is not meaningful at the previous close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹2.3 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹671 crore at ₹94.41 a share.
Popular Vehicles and Services' price-to-book (PB) ratio is 1.07 at the previous close: a market capitalisation of ₹671 crore divided by shareholders' equity (book value) of ₹628 crore on 31 March 2026. That is a book value of ₹88.30 per share against a share price of ₹94.41.
Popular Vehicles and Services' net worth — shareholders' equity in its consolidated balance sheet — was ₹628 crore on 31 March 2026, down 1.7% from ₹639 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹671 crore at the previous close.
Popular Vehicles and Services' market capitalisation was ₹671 crore at the previous close: 7.11 crore shares at ₹94.41 each.
No. Popular Vehicles and Services had borrowings of ₹696 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.11. Its cash and current investments were ₹73.4 crore, so its net debt was ₹623 crore.
Popular Vehicles and Services' basic earnings per share (EPS) were −₹1.75 in FY26, against −₹1.47 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹0.34.
Popular Vehicles and Services' debt-to-equity ratio was 1.11 on 31 March 2026: borrowings of ₹696 crore against total equity of ₹628 crore. A year earlier, on 31 March 2025, it was 0.66.
In FY26 (April 2025–March 2026), Popular Vehicles and Services' consolidated net loss was ₹12.8 crore, wider than the loss of ₹10.5 crore in FY25, on revenue from operations of ₹6,381 crore (up 15.2%).
Popular Vehicles and Services has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26, Popular Vehicles and Services' return on equity (ROE) was −2.0% and its return on capital employed (ROCE) was 4.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −1.6% and ROCE 4.9%.
On 30 September 2026, Popular Vehicles and Services' shares were held by promoters 61.38%, foreign portfolio investors (FII/FPI) 10.27%, domestic institutions (DII) 9.68% (including mutual funds at 9.68%) and retail and other non-institutional investors 18.67%. Over the year, FII holding was down 0.30 percentage points from 10.57% and DII holding was down 0.90 percentage points from 10.58%.
In FY26, Popular Vehicles and Services earned net profit of ₹12.8 crore on revenue of ₹6,381 crore, against ₹37.3 crore on ₹4,896 crore for Landmark Cars. Popular Vehicles and Services' operating margin was 0.9% (Landmark Cars 2.4%) and its return on equity −2.0% (Landmark Cars 6.6%).
Popular Vehicles and Services' book value per share was ₹88.30 on 31 March 2026: shareholders' equity of ₹628 crore divided by the 7.11 crore shares in issue, down 1.6% from ₹89.72 a year earlier. The share price at the previous close was ₹94.41.
Promoters held 61.38% of Popular Vehicles and Services on 30 September 2026, unchanged from the previous quarter and up 0.20 percentage points from 61.18% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Popular Vehicles and Services generated ₹100 crore of cash from operations and spent ₹102 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹2 crore. In FY25 it was ₹97 crore.
Popular Vehicles and Services' latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹1.4 crore, against a loss of ₹8.8 crore in Q1 FY26; revenue from operations ₹1,890 crore, up 44.1% year on year.
On FY26 consolidated figures, against Landmark Cars: Popular Vehicles and Services' operating margin of 0.9% is the lower of the two (Landmark Cars 2.4%; peer average 2.4%); its return on equity of −2.0% is the lower of the two (Landmark Cars 6.6%; peer average 6.6%).
From Popular Vehicles and Services' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.