Popular Vehicles and Services cash flow

Latest FY26

Cash from operations: ₹100cr−33.6% on FY25
Capital spending: ₹102cr+90.0% on FY25
Free cash flow: −₹2.0cr₹97.0 cr in FY25
Cash from financing: ₹87.0cr−₹142 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024

Adjustments to reconcile profit — non-cash items
	—	127	98.8	91.9
	—	5.7	3.9	−1.9
	—	103	85.6	98.0
	—	0.0	−3.5	−3.4
	—	−2.2	−1.2	−2.8
	—	−22.8	−11.4	0.0
	—	−1.8	0.0	0.0
	—	−0.8	0.0	−14.7
Changes in working capital
	—	−5.9	−18.3	−154
	—	−42.1	66.4	−71.3
	—	−54.9	0.0	−3.7
	—	0.0	0.0	−3.9
	—	0.0	19.7	−95.4
	—	39.7	0.0	0.0
	—	0.0	−61.5	173
	—	−0.8	1.6	0.0
Cash from operating activities
	−0.3	−13.3	−8.9	97.7
	—	145	180	12.0
	—	131	171	110
	—	−3.9	0.0	0.0
	—	27.3	20.4	29.8
	—	100	151	79.9
Cash from investing activities
	—	102	53.0	79.6
	—	0.6	0.8	1.1
	—	4.0	4.3	8.6
	—	116	0.0	0.0
	—	0.0	0.0	19.4
	—	−2.5	0.0	0.0
	—	70.0	0.0	0.0
	—	0.9	0.7	3.4
	—	0.0	9.4	0.0
	—	−146	−39.4	−88.2
Cash from financing activities
	—	0.0	0.0	232
	—	273	8.5	51.5
	—	0.0	23.5	112
	—	97.5	83.6	76.3
	—	48.5	39.7	56.2
	—	0.0	3.6	0.0
	—	−39.8	0.0	0.0
	—	87.0	−142	39.4
	—	41.6	−30.5	31.1
	—	41.6	−30.5	31.1
	—	—	—	55.0
Reference items
	208	183	155	255
	3.0%	2.9%	2.8%	4.5%
	−2.0	−2.0	97.0	−0.8
	—	222	35.8	—
	−₹0.28	−₹0.28	₹13.63	−₹0.11
	—	−8.03×	−14.41×	1.05×
	—	27.3	20.4	29.8
	—	48.5	39.7	56.2

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

PVSL₹91.10

Popular Vehicles and Services Limited

· Auto & Mobility

₹ CrorePeersLANDMARK COMPEAUMcap ₹649 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	91.9	98.8	127.3	—
+ Impairment Loss / (Reversal)	-1.9	3.9	5.7	—
+ Finance Costs	98.0	85.6	103.3	—
+ Interest Income	-3.4	-3.5	0.0	—
+ Fair Value (Gains) / Losses	-2.8	-1.2	-2.2	—
+ Other Non-cash Items	0.0	-11.4	-22.8	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-1.8	—
+ Other Reconciling Items	-14.7	0.0	-0.8	—
Changes in Working Capital
+ Inventories	-154.2	-18.3	-5.9	—
+ Trade Receivables — Current	-71.3	66.4	-42.1	—
+ Other Financial Assets — Current	-3.7	0.0	-54.9	—
+ Other Financial Assets — Non-current	-3.9	0.0	0.0	—
+ Other Current Assets	-95.4	19.7	0.0	—
+ Other Financial Liabilities — Current	0.0	0.0	39.7	—
+ Other Current Liabilities	173.3	-61.5	0.0	—
+ Provisions — Current	0.0	1.6	-0.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	97.7	-8.9	-13.3	-0.3
+ Total Adjustments (incl. Working Capital)	12.0	180.1	144.8	—
Cash from Operations (pre-tax)	109.7	171.2	131.5	—
+ Interest Received — Operating	0.0	0.0	-3.9	—
+ Income Taxes Paid	29.8	20.4	27.3	—
Cash from Operating Activities	79.9	150.8	100.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	79.6	53.0	101.6	—
+ Acq of Intangible Assets	1.1	0.8	0.6	—
+ Disp of Fixed Assets	8.6	4.3	4.0	—
+ Acq of Investment Property	0.0	0.0	116.0	—
+ Acq of Other Long-term Assets	19.4	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	-2.5	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	70.0	—
+ Interest Received — Investing	3.4	0.7	0.9	—
+ Other Inflows / (Outflows) — Investing	0.0	9.4	0.0	—
Cash from Investing Activities	-88.2	-39.4	-145.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	232.2	0.0	0.0	—
+ Proceeds from Borrowings	51.5	8.5	272.9	—
+ Repayment of Borrowings	111.9	23.5	0.0	—
+ Payment of Lease Liabilities	76.3	83.6	97.5	—
+ Interest Paid	56.2	39.7	48.5	—
+ Dividends Paid	0.0	3.6	0.0	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	-39.8	—
Cash from Financing Activities	39.4	-141.9	87.0	—
Net Changes in Cash (pre-FX)	31.1	-30.5	41.6	—
Net Changes in Cash	31.1	-30.5	41.6	—
Closing Cash	55.0	—	—	—
Reference Items
EBITDA	254.9	155.0	183.4	208.1
EBITDA Margin %	4.54	2.80	2.87	2.99
Free Cash Flow (CFO − Capex)	-0.8	97.0	-2.0	-2.0
Free Cash Flow to Equity	—	35.8	222.4	—
Free Cash Flow per Basic Share	-0.11	13.63	-0.28	-0.28
Cash Flow to Net Income	1.05	-14.41	-8.03	—
Cash Paid for Taxes	29.8	20.4	27.3	—
Cash Paid for Interest	56.2	39.7	48.5	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.