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Popular Vehicles and Services Limited
(PVSL)
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Rating:46Neutral
Price Target:
₹88.00
▼(-24.20% Downside)
Action:Reiterated
Date:07/21/26
The score is primarily held back by weak financial performance—recent net losses, compressed margins, higher leverage, and negative free cash flow. Technicals are moderately supportive with near-term momentum above key shorter moving averages and positive MACD, but valuation support is limited due to a negative P/E tied to losses.
Positive Factors
Revenue Growth
Solid top-line growth indicates continued demand for the company’s dealership and service offerings despite recent profitability pressure. Sustained revenue expansion can support greater network utilisation, improve operating leverage over time, and provide a foundation for rebuilding earnings if margins stabilise.
Negative Factors
Persistent Net Losses
The shift into losses after several years of positive earnings shows that revenue growth is not currently translating into durable profitability. Continued losses can reduce internal funding capacity, weaken resilience, and make it harder for the company to reinvest in network expansion or absorb operating setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Solid top-line growth indicates continued demand for the company’s dealership and service offerings despite recent profitability pressure. Sustained revenue expansion can support greater network utilisation, improve operating leverage over time, and provide a foundation for rebuilding earnings if margins stabilise.
Read all positive factors
Popular Vehicles and Services Limited (PVSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.42B
Dividend Yield0.23%
Average Volume (3M)9.63K
Price to Earnings (P/E)―
Beta (1Y)1.37
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. Volume1,827
30 Day Avg. Volume9,626
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
Negative
116.10
Price Trends
104.98
Negative
101.38
Negative
103.09
Negative
Market Momentum
-3.09
Positive
26.37
Positive
11.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PVSL, the sentiment is Negative. The current price of 116.1 is above the 20-day moving average (MA) of 98.42, above the 50-day MA of 104.98, and above the 200-day MA of 103.09, indicating a bearish trend. The MACD of -3.09 indicates Positive momentum. The RSI at 26.37 is Positive, neither overbought nor oversold. The STOCH value of 11.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹2.00B | 6.21 | ― | 2.28% | 13.70% | 22.11% | |
70 Outperform | ₹136.44B | 60.77 | ― | ― | 19.97% | 47.90% | |
61 Neutral | ₹11.78B | 24.94 | ― | 0.71% | 20.21% | 103.09% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹3.38B | 6.96 | ― | 1.08% | 10.74% | 899.70% | |
46 Neutral | ₹6.42B | -267.88 | ― | 0.23% | 25.16% | 90.49% | |
42 Neutral | ₹3.09B | 3,305.66 | ― | ― | -100.00% | -134.00% |
* General Sector Average
IN:PVSL
Popular Vehicles and Services Limited
90.84
-57.26
-38.66%
IN:ATULAUTO
Atul Auto Ltd
424.65
-61.13
-12.58%
IN:CARTRADE
CarTrade Tech Ltd.
2,935.50
445.10
17.87%
IN:HINDMOTORS
Hindustan Motors Ltd
15.10
-4.98
-24.80%
IN:JMA
Jullundur Motor Agency (Delhi) Ltd
87.07
-0.19
-0.22%
IN:PPAP
PPAP Automotive Limited
230.00
4.53
2.01%
Popular Vehicles and Services Limited Corporate Events
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.