Want to see IN:PVSL full AI Analyst Report?
Top Page
Popular Vehicles and Services Limited
(PVSL)
Select Model
Select Model
Rating:40Underperform
Price Target:
₹89.00
▼(-23.34% Downside)
Action:Downgraded
Date:10/22/26
The score is primarily constrained by deteriorating financial performance—recent net losses, margin compression, rising leverage, and negative free cash flow—reducing resilience. Technicals also indicate a weak trend with negative momentum. Valuation is further challenged by a negative P/E tied to losses and no dividend yield data.
Positive Factors
Revenue Growth
Continued revenue growth shows that PVSL is expanding its dealership-led business despite recent profitability pressure. A growing top line can support operating leverage and create a broader customer base for service, parts, and other after-sales activity over coming quarters.
Negative Factors
Profitability Deterioration
The move into consecutive annual net losses materially weakens earnings resilience, even while revenue grows. Negative margins limit internally generated funds for reinvestment and make future performance more dependent on restoring unit economics and controlling operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Continued revenue growth shows that PVSL is expanding its dealership-led business despite recent profitability pressure. A growing top line can support operating leverage and create a broader customer base for service, parts, and other after-sales activity over coming quarters.
Read all positive factors
Popular Vehicles and Services Limited (PVSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.76B
Dividend Yield0.23%
Average Volume (3M)165.75K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue Growth25.16%
EPS Growth90.49%
CountryIN
Employees6,603
SectorGeneral
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-0.34
Shares Outstanding71,198,200
10 Day Avg. Volume494,357
30 Day Avg. Volume165,746
Financial Highlights & Ratios
PEG Ratio-2.58
Price to Book (P/B)0.98
Price to Sales (P/S)0.10
P/FCF Ratio-12.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Popular Vehicles and Services Limited Business Overview & Revenue Model
Company Description
Popular Vehicles and Services Limited functions as a leading automotive dealership throughout India. Its core operations encompass the sales, servicing, and repair of a wide array of vehicles, including passenger cars, commercial vehicles, and ele...
How the Company Makes Money
PVSL primarily makes money through a dealership-led automotive retail and services model. Key revenue streams typically include: (1) New vehicle sales: revenue from selling vehicles to retail and institutional customers through authorised dealersh...
Popular Vehicles and Services Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
41
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.60B | 63.81B | 55.41B | 56.16B | 48.75B | 34.66B |
| Gross Profit | 5.95B | 3.00B | 2.95B | 8.34B | 2.77B | 1.79B |
| EBITDA | 2.38B | 2.17B | 1.75B | 2.85B | 2.25B | 1.77B |
| Net Income | -23.47M | -124.74M | -104.63M | 760.77M | 640.74M | 336.69M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 23.83B | 19.05B | 19.57B | 15.04B | 12.63B |
| Cash, Cash Equivalents and Short-Term Investments | 660.57M | 733.99M | 310.35M | 719.78M | 240.49M | 258.78M |
| Total Debt | 0.00 | 14.06B | 9.22B | 9.25B | 9.38B | 7.56B |
| Total Liabilities | -6.28B | 17.55B | 12.66B | 13.03B | 11.61B | 9.83B |
| Stockholders Equity | 6.28B | 6.28B | 6.39B | 6.53B | 3.43B | 2.80B |
Cash Flow | ||||||
| Free Cash Flow | -602.51M | -489.77M | 587.71M | -7.88M | 521.87M | 215.88M |
| Operating Cash Flow | -114.19M | 525.77M | 1.12B | 799.29M | 1.09B | 696.92M |
| Investing Cash Flow | -232.90M | -1.47B | -400.21M | -881.93M | -796.20M | -413.84M |
| Financing Cash Flow | 584.51M | 1.36B | -1.02B | 393.92M | -238.44M | -652.53M |
Popular Vehicles and Services Limited Technical Analysis
Neutral
116.10
Price Trends
99.65
Negative
99.96
Negative
101.00
Negative
Market Momentum
-1.88
Negative
47.08
Neutral
22.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PVSL, the sentiment is Neutral. The current price of 116.1 is above the 20-day moving average (MA) of 93.44, above the 50-day MA of 99.65, and above the 200-day MA of 101.00, indicating a neutral trend. The MACD of -1.88 indicates Negative momentum. The RSI at 47.08 is Neutral, neither overbought nor oversold. The STOCH value of 22.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PVSL.
Popular Vehicles and Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹1.83B | 5.71 | ― | 2.50% | 13.70% | 22.14% | |
64 Neutral | ₹113.07B | 48.25 | ― | ― | 16.13% | 22.25% | |
61 Neutral | ₹11.59B | 24.66 | ― | 0.72% | 20.21% | 103.09% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹3.04B | 6.47 | ― | 1.15% | 10.74% | 899.70% | |
42 Neutral | ₹2.92B | 3,305.66 | ― | ― | -100.00% | -134.00% | |
40 Underperform | ₹6.76B | -277.68 | ― | 0.23% | 25.16% | 90.49% |
* General Sector Average
IN:PVSL
Popular Vehicles and Services Limited
94.99
-49.66
-34.33%
IN:ATULAUTO
Atul Auto Ltd
417.60
-63.07
-13.12%
IN:CARTRADE
CarTrade Tech Ltd.
2,325.75
-695.75
-23.03%
IN:HINDMOTORS
Hindustan Motors Ltd
13.99
-5.32
-27.55%
IN:JMA
Jullundur Motor Agency (Delhi) Ltd
80.03
-8.03
-9.11%
IN:PPAP
PPAP Automotive Limited
215.00
-61.08
-22.12%
Popular Vehicles and Services Limited Corporate Events
Popular Vehicles and Services posts strong Q2 growth and expands network with new B2B spare parts platform
Oct 15, 2026
Popular Vehicles and Services Limited reported strong year-on-year growth in revenue and new vehicle volumes for Q2 and the first half of FY27, driven by broad-based organic performance and contributions from recent acquisitions. Growth was eviden...
Popular Vehicles and Services Holds Virtual 42nd AGM with Full Regulatory Compliance
Aug 28, 2026
Popular Vehicles and Services Limited, headquartered in Kochi, operates in the automotive retail and services industry, with a footprint across Kerala, Tamil Nadu, Karnataka and Telangana. The company is publicly listed on BSE and NSE, indicating ...
Popular Vehicles and Services appoints MSKA & Associates as new statutory auditor
Aug 28, 2026
Popular Vehicles and Services Limited has announced that its shareholders approved the appointment of MSKA Associates LLP as the company’s new statutory auditor at the 42nd Annual General Meeting held on 28 August 2026. The firm will serve ...
Popular Vehicles and Services announces shareholder-approved board changes at AGM
Aug 28, 2026
Popular Vehicles and Services Limited has announced changes to its board of directors following approvals granted at its 42nd Annual General Meeting held on 28 August 2026. Shareholders approved the re-appointment of Director John K. Paul, who ret...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.