Fortune India 500 2025 edition
Rank#424- Total income
- ₹5,578 Cr
- Profit
- ₹-10 Cr
Last year #377
Market Cap
₹663 Cr
PVSL · NSE
Share Price
₹89.96
-3.46% today
Revenue
₹6,381 Cr
FY 2025-26 · +15.2% YoY
EBITDA
₹186 Cr
Margin 2.9%
Net Profit
−₹52.45 Cr
FY 2025-26 · -154.2% YoY
ROE
-1.2%
ROCE 4.2%
Debt / Equity
1.84
Interest cover 182.4x
Authorised capital
₹15 Cr
Registered with MCA
About Popular Vehicles and Services Limited
Data last updated:
Popular Vehicles and Services Limited is a public limited company based in Ernakulam, Kerala, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 05 July 1983 and has been in existence for over 43 years.
Popular Vehicles and Services is ranked #424 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN L50102KL1983PLC003741. Its GSTIN is 32AABCP3805G1ZW (Kerala). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544144 and NSE: PVSL.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.24 Cr. It was formerly known as Popular Vehicles and Services Ltd and Popular Vehicles and Services Pvt Limited. It is led by directors including Naveen Philip (Managing Director) and John Kuttukaran Paul (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Kuttukaran Centremamangalam Cochin, Ernakulam, Kerala, India – 682025.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,381.1 Cr, a growth of 15.2% compared to the previous year. For the same year it recorded a net loss of ₹52.45 Cr (net margin -0.8%) and EBITDA of ₹186.3 Cr (EBITDA margin 2.9%). The net worth stands at ₹627.84 Cr (down 1.7% YoY). Total assets are valued at ₹2,040.25 Cr (up 29.3% YoY).
The company has about 6,684 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 2 brands: Popular Maruti and Popular Vehicles & Services. As per MCA filings, the company has open charges of ₹795.57 Cr and satisfied charges of ₹617.8 Cr on record. Court records list 243 cases involving the company, including 139 filed by the company and 104 filed against it; 32 cases are pending. The company has 15 deals on record (11 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹65.4 Cr; the latest was in March 2024. The company has 13 MSME Form 1 returns on record between 2018 and 2022, listing 103 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website popularmaruti.com.
Company details
CIN L50102KL1983PLC003741
Registration Number 003741
Incorporation Date 05 July 1983
ROC Ernakulam
Listing Status Listed - Listed on NSE (PVSL); Listed on BSE (544144)
Company Status Active
Compliance Status Active Compliant
Name history
Popular Vehicles and Services has undergone 3 name changes throughout its history. The company was previously known as Popular Vehicles And Services Ltd, Popular Vehicles And Services Pvt Limited, and Popular Vehicles And Services Private Limited. The current legal name is Popular Vehicles And Services Limited.
| Company Name | Status |
|---|---|
| Popular Vehicles and Services Limited | Current |
| Popular Vehicles And Services Ltd | Previous |
| Popular Vehicles And Services Pvt Limited | Previous |
| Popular Vehicles And Services Private Limited | Previous |
CIN history
Popular Vehicles and Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L50102KL1983PLC003741, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L50102KL1983PLC003741 | Current |
| U50102KL1983PTC003741 | Previous |
| U50102KL1983PLC003741 | Previous |
Key People
Naveen Philip Managing Director John Kuttukaran Paul Whole-Time Director George Joseph Director Recognitions & Rankings of Popular Vehicles and Services
Contact details
Popular Vehicles and Services Limited's registered office is in Ernakulam, Kerala. Its website is popularmaruti.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressKuttukaran Centremamangalam Cochin, Ernakulam, Kerala, India – 682025
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Popular Vehicles and Services Limited, buy the company report.
Comprehensive company report
Popular Vehicles and Services Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Popular Vehicles and Services operates two associated brands: Popular Maruti and Popular Vehicles & Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Car dealership group | popularmaruti.com | |
| Automotive dealership and services in India. | popularv.com |
Business activity
The main business activity of Popular Vehicles and Services is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles |
To see the full business activity and turnover split of Popular Vehicles and Services Limited, buy the company report.
Financials of Popular Vehicles and Services Limited
FY 2025-26 filings availablePopular Vehicles and Services Limited reported revenue of ₹6,381.1 Cr (up 15.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹6,381 Cr
+15.2% YoY
EBITDA
₹186 Cr
+17.4% YoY
Profit After Tax
−₹52.45 Cr
-154.2% YoY
Net Worth
₹628 Cr
-1.7% YoY
Total Assets
₹2,040 Cr
+29.3% YoY
Total Debt
₹1,406 Cr
+52.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,381 | 5,541 | 5,616 | 4,875 | 3,466 | 2,894 | 3,172 |
| Revenue growth | +15.2% | -1.3% | +15.2% | +40.7% | +19.8% | -8.8% | - |
| EBITDA | 186 | 159 | 259 | 221 | 163 | 152 | 108 |
| EBITDA margin | +2.9% | +2.9% | +4.6% | +4.5% | +4.7% | +5.2% | +3.4% |
| Profit before tax | (13.29) | (8.94) | 97.72 | 84.86 | 48.55 | 47.26 | 8.00 |
| Net profit | (52.45) | (20.63) | 71.57 | 62.28 | 33.05 | 29.11 | (10.49) |
| Net profit margin | -0.8% | -0.4% | +1.3% | +1.3% | +1.0% | +1.0% | -0.3% |
| EPS (₹) | (1.75) | (1.47) | 10.68 | 51.08 | 26.84 | 25.87 | 9.96 |
| Balance sheet | |||||||
| Total assets | 2,040 | 1,578 | 1,610 | 1,288 | 1,052 | 921 | 879 |
| Net worth | 628 | 639 | 653 | 343 | 280 | 246 | 213 |
| Total debt | 1,406 | 922 | 925 | 938 | 756 | 650 | 645 |
| Cash & bank | 73.40 | 31.04 | 60.59 | 28.16 | 20.35 | 59.40 | 42.28 |
| Net working capital | 746 | 719 | 732 | 519 | 393 | 369 | 278 |
| Cash flow | |||||||
| Cash from operations | 100 | 151 | 79.93 | 109 | 69.69 | 95.18 | 339 |
| Cash from investing | (146) | (39.35) | (88.19) | (79.62) | (41.38) | (6.65) | (27.57) |
| Cash from financing | 87.05 | (142) | 39.39 | (23.84) | (65.25) | (70.69) | (299) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,089 | 1,890 | 1,754 | 1,785 | 1,530 | 1,311 | 1,372 | 1,365 |
| Revenue growth (YoY) | +36.5% | +44.1% | +27.8% | +30.8% | +1.2% | +1.5% | - | - |
| Other income | 4.84 | 13.53 | 4.61 | 6.43 | 19.46 | 5.07 | 3.88 | 3.94 |
| EBITDA | 72.84 | 57.93 | 53.13 | 50.16 | 45.24 | 33.22 | 25.81 | 30.63 |
| EBITDA margin | +3.5% | +3.1% | +3.0% | +2.8% | +3.0% | +2.5% | +1.9% | +2.2% |
| Depreciation | 41.40 | 39.51 | 37.73 | 35.43 | 27.38 | 26.81 | 25.33 | 24.68 |
| Interest | 32.01 | 30.08 | 27.22 | 27.80 | 25.67 | 22.59 | 20.58 | 22.78 |
| Profit before tax | 4.27 | 1.87 | (7.21) | (6.64) | 11.65 | (11.11) | (16.22) | (12.89) |
| Tax | 2.07 | 0.49 | (2.25) | (7.31) | 11.09 | (2.35) | (2.49) | (3.13) |
| Net profit | 2.20 | 1.38 | (4.96) | 0.67 | 0.56 | (8.76) | (13.73) | (9.76) |
| EPS (₹) | 0.31 | 0.19 | (0.70) | 0.09 | 0.08 | (1.23) | (1.93) | (1.37) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,849 | 2,577 | 2,644 | 2,514 | 1,866 | 1,692 | 1,839 |
| Revenue growth | +10.6% | -2.5% | +5.2% | +34.7% | +10.3% | -8.0% | - |
| EBITDA | 59.28 | 40.65 | 117 | 118 | 82.19 | 84.15 | 56.96 |
| EBITDA margin | +2.1% | +1.6% | +4.4% | +4.7% | +4.4% | +5.0% | +3.1% |
| Profit before tax | (69.22) | (41.53) | 30.77 | 39.01 | 13.70 | 22.24 | 9.78 |
| Net profit | (54.11) | (35.05) | 22.01 | 30.46 | 6.69 | 16.04 | (10.82) |
| Net profit margin | -1.9% | -1.4% | +0.8% | +1.2% | +0.4% | +1.0% | -0.6% |
| EPS (₹) | (7.18) | (4.72) | 3.63 | 23.39 | 5.56 | 12.64 | 10.72 |
| Balance sheet | |||||||
| Total assets | 1,283 | 1,066 | 980 | 745 | 699 | 598 | 580 |
| Net worth | 405 | 455 | 492 | 233 | 204 | 197 | 182 |
| Total debt | 874 | 596 | 463 | 508 | 482 | 378 | 380 |
| Cash & bank | 44.39 | 12.06 | 35.04 | 6.80 | 5.18 | 37.74 | 16.25 |
| Net working capital | 272 | 322 | 246 | 206 | 191 | 190 | 145 |
| Cash flow | |||||||
| Cash from operations | 93.28 | (38.65) | 115 | 85.54 | 27.31 | 75.21 | 147 |
| Cash from investing | (97.12) | (12.16) | (176) | (56.65) | (26.89) | 2.08 | (27.96) |
| Cash from financing | 35.50 | 27.50 | 88.60 | (29.58) | (30.72) | (56.05) | (116) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,042 | 922 | 730 | 875 | 707 | 536 | 588 | 645 |
| Revenue growth (YoY) | +47.4% | +71.8% | +24.2% | +35.8% | -7.2% | -7.8% | - | - |
| Other income | 8.64 | 10.79 | 5.23 | 4.19 | 5.88 | 4.93 | 3.57 | 5.03 |
| Total expenses | 1,011 | 897 | 717 | 853 | 690 | 532 | 593 | 640 |
| EBITDA | 31.88 | 24.66 | 13.32 | 21.73 | 17.07 | 4.43 | (4.92) | 4.22 |
| EBITDA margin | +3.1% | +2.7% | +1.8% | +2.5% | +2.4% | +0.8% | -0.8% | +0.7% |
| Depreciation | 26.47 | 24.96 | 24.02 | 24.21 | 15.35 | 14.74 | 13.80 | 13.08 |
| Interest | 21.02 | 19.18 | 17.88 | 18.38 | 16.80 | 14.63 | 12.22 | 14.18 |
| Profit before tax | (6.97) | (8.69) | (23.35) | (16.67) | (9.20) | (20.01) | (27.37) | (18.01) |
| Tax | (1.78) | (2.10) | (6.60) | (4.36) | (2.21) | (4.92) | (4.31) | (4.58) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,089 | 1,890 | 1,754 | 1,785 | 1,530 | 1,311 | 1,372 | 1,365 |
| Revenue growth (YoY) | +36.5% | +44.1% | +27.8% | +30.8% | +1.2% | +1.5% | - | - |
| Other income | 4.84 | 13.53 | 4.61 | 6.43 | 19.46 | 5.07 | 3.88 | 3.94 |
| EBITDA | 72.84 | 57.93 | 53.13 | 50.16 | 45.24 | 33.22 | 25.81 | 30.63 |
| EBITDA margin | +3.5% | +3.1% | +3.0% | +2.8% | +3.0% | +2.5% | +1.9% | +2.2% |
| Depreciation | 41.40 | 39.51 | 37.73 | 35.43 | 27.38 | 26.81 | 25.33 | 24.68 |
| Interest | 32.01 | 30.08 | 27.22 | 27.80 | 25.67 | 22.59 | 20.58 | 22.78 |
| Profit before tax | 4.27 | 1.87 | (7.21) | (6.64) | 11.65 | (11.11) | (16.22) | (12.89) |
| Tax | 2.07 | 0.49 | (2.25) | (7.31) | 11.09 | (2.35) | (2.49) | (3.13) |
| Net profit | 2.20 | 1.38 | (4.96) | 0.67 | 0.56 | (8.76) | (13.73) | (9.76) |
| EPS (₹) | 0.31 | 0.19 | (0.70) | 0.09 | 0.08 | (1.23) | (1.93) | (1.37) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,381 | 5,541 | 5,616 | 4,875 | 3,466 | 2,894 | 3,172 |
| Revenue growth | +15.2% | -1.3% | +15.2% | +40.7% | +19.8% | -8.8% | - |
| Other income | 35.28 | 20.36 | 32.76 | 17.63 | 18.32 | 25.73 | 34.96 |
| Total expenses | 6,195 | 5,383 | 5,357 | 4,654 | 3,303 | 2,742 | 3,064 |
| Employee cost | 414 | 387 | 366 | 308 | 242 | 204 | 239 |
| EBITDA | 186 | 159 | 259 | 221 | 163 | 152 | 108 |
| EBITDA margin | +2.9% | +2.9% | +4.6% | +4.5% | +4.7% | +5.2% | +3.4% |
| Depreciation | 127 | 98.79 | 91.93 | 79.45 | 69.26 | 72.49 | 61.09 |
| Interest | 108 | 89.17 | 102 | 73.89 | 63.79 | 57.73 | 73.56 |
| Profit before tax | (13.29) | (8.94) | 97.72 | 84.86 | 48.55 | 47.26 | 8.00 |
| Tax | (0.83) | 1.51 | 21.64 | 20.79 | 14.88 | 14.80 | (4.50) |
| Net profit | (52.45) | (20.63) | 71.57 | 62.28 | 33.05 | 29.11 | (10.49) |
| Net profit margin | -0.8% | -0.4% | +1.3% | +1.3% | +1.0% | +1.0% | -0.3% |
| EPS (₹) | (1.75) | (1.47) | 10.68 | 51.08 | 26.84 | 25.87 | 9.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.24 | 14.24 | 14.24 | 12.54 | 12.54 | 12.54 | 12.54 |
| Reserves & surplus | 614 | 625 | 639 | 330 | 267 | 233 | 200 |
| Shareholders' funds (net worth) | 628 | 639 | 653 | 343 | 280 | 246 | 213 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 678 | 411 | 414 | 480 | 329 | 317 | 310 |
| Unsecured loans | 727 | 511 | 511 | 458 | 427 | 333 | 336 |
| Total debt | 1,406 | 922 | 925 | 938 | 756 | 650 | 645 |
| Total liabilities | 2,040 | 1,578 | 1,610 | 1,288 | 1,052 | 921 | 879 |
| Assets | |||||||
| Gross block | 1,314 | 917 | 906 | 815 | 731 | 574 | 585 |
| Net block | 1,074 | 721 | 733 | 671 | 564 | 464 | 472 |
| Capital work in progress | 27.49 | 8.55 | 14.68 | 7.97 | 12.33 | 17.31 | 29.37 |
| Investments | 18.65 | 14.01 | 28.28 | 5.99 | 6.02 | 4.92 | 11.18 |
| Inventories | 621 | 585 | 596 | 441 | 367 | 319 | 290 |
| Sundry debtors | 259 | 223 | 297 | 224 | 177 | 161 | 109 |
| Cash & bank balances | 73.40 | 31.04 | 60.59 | 28.16 | 20.35 | 59.40 | 42.28 |
| Loans & advances | 139 | 211 | 129 | 48.51 | 44.98 | 34.73 | 91.37 |
| Total current assets | 1,092 | 1,050 | 1,082 | 742 | 609 | 573 | 533 |
| Total current liabilities | 346 | 331 | 350 | 223 | 216 | 204 | 255 |
| Net working capital | 746 | 719 | 732 | 519 | 393 | 369 | 278 |
| Total assets | 2,040 | 1,578 | 1,610 | 1,288 | 1,052 | 921 | 879 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 24.46 | 54.95 | 23.83 | 18.40 | 55.34 | 37.49 | 24.77 |
| Net cash from operating activities | 100 | 151 | 79.93 | 109 | 69.69 | 95.18 | 339 |
| Net cash from investing activities | (146) | (39.35) | (88.19) | (79.62) | (41.38) | (6.65) | (27.57) |
| Net cash from financing activities | 87.05 | (142) | 39.39 | (23.84) | (65.25) | (70.69) | (299) |
| Net change in cash | 41.59 | (30.49) | 31.13 | 5.43 | (36.95) | 17.85 | 12.73 |
| Closing cash | 73.40 | 31.04 | 60.59 | 28.16 | 20.35 | 59.40 | 42.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +15.2% | -1.3% | +15.2% | +40.7% | +19.8% | -8.8% | - |
| EBITDA growth | +17.4% | -38.7% | +17.3% | +35.1% | +7.6% | +40.9% | - |
| PBT growth | -48.7% | - | +15.2% | +74.8% | +2.7% | +490.8% | -74.7% |
| Net income growth | -154.2% | -128.8% | +14.9% | +88.4% | +13.5% | +377.5% | - |
| Revenue CAGR (3Y) | +9.4% | +16.9% | +24.7% | +15.4% | -3.9% | - | - |
| EBITDA CAGR (3Y) | -5.5% | -1.0% | +19.5% | +27.0% | +7.5% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -0.2% | -0.2% | +1.4% | +1.3% | +1.0% | +1.1% | +0.4% |
| Return on capital employed | +4.2% | +4.8% | +13.8% | +13.6% | +11.4% | +11.1% | +5.8% |
| Return on net worth | -1.2% | -1.3% | +15.3% | +20.6% | +12.8% | +12.7% | -5.1% |
| Debt / equity | 1.84 | 1.43 | 1.87 | 2.72 | 2.67 | 2.82 | 3.51 |
| Long-term debt / equity | 0.92 | 0.71 | 0.95 | 1.50 | 1.52 | 1.46 | 1.41 |
| Interest cover | 182.39 | 148.94 | 61.03 | 52.36 | 67.85 | 72.84 | 157.85 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.72 | 6.08 | 6.53 | 6.31 | 5.31 | 4.99 | 5.91 |
| Inventory turnover | 10.59 | 9.39 | 10.83 | 12.07 | 10.12 | 9.50 | 9.75 |
| Debtors turnover | 26.46 | 21.32 | 21.57 | 24.35 | 20.55 | 21.46 | 17.06 |
| EPS (₹) | (1.75) | (1.47) | 10.68 | 51.08 | 26.84 | 25.87 | 9.96 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 88.18 | 89.72 | 91.74 | 273.47 | 223.12 | 196.11 | 169.62 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,042 | 922 | 730 | 875 | 707 | 536 | 588 | 645 |
| Revenue growth (YoY) | +47.4% | +71.8% | +24.2% | +35.8% | -7.2% | -7.8% | - | - |
| Other income | 8.64 | 10.79 | 5.23 | 4.19 | 5.88 | 4.93 | 3.57 | 5.03 |
| Total expenses | 1,011 | 897 | 717 | 853 | 690 | 532 | 593 | 640 |
| EBITDA | 31.88 | 24.66 | 13.32 | 21.73 | 17.07 | 4.43 | (4.92) | 4.22 |
| EBITDA margin | +3.1% | +2.7% | +1.8% | +2.5% | +2.4% | +0.8% | -0.8% | +0.7% |
| Depreciation | 26.47 | 24.96 | 24.02 | 24.21 | 15.35 | 14.74 | 13.80 | 13.08 |
| Interest | 21.02 | 19.18 | 17.88 | 18.38 | 16.80 | 14.63 | 12.22 | 14.18 |
| Profit before tax | (6.97) | (8.69) | (23.35) | (16.67) | (9.20) | (20.01) | (27.37) | (18.01) |
| Tax | (1.78) | (2.10) | (6.60) | (4.36) | (2.21) | (4.92) | (4.31) | (4.58) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,849 | 2,577 | 2,644 | 2,514 | 1,866 | 1,692 | 1,839 |
| Revenue growth | +10.6% | -2.5% | +5.2% | +34.7% | +10.3% | -8.0% | - |
| Other income | 20.22 | 23.65 | 19.38 | 12.14 | 12.08 | 12.57 | 31.60 |
| Total expenses | 2,790 | 2,536 | 2,527 | 2,396 | 1,783 | 1,608 | 1,782 |
| Employee cost | 248 | 232 | 225 | 200 | 158 | 137 | 159 |
| EBITDA | 59.28 | 40.65 | 117 | 118 | 82.19 | 84.15 | 56.96 |
| EBITDA margin | +2.1% | +1.6% | +4.4% | +4.7% | +4.4% | +5.0% | +3.1% |
| Depreciation | 78.32 | 52.83 | 48.50 | 45.53 | 41.64 | 39.22 | 35.78 |
| Interest | 70.40 | 53.00 | 57.41 | 45.12 | 38.93 | 35.26 | 43.00 |
| Profit before tax | (69.22) | (41.53) | 30.77 | 39.01 | 13.70 | 22.24 | 9.78 |
| Tax | (18.08) | (7.90) | 4.96 | 9.67 | 6.74 | 6.38 | (3.67) |
| Net profit | (54.11) | (35.05) | 22.01 | 30.46 | 6.69 | 16.04 | (10.82) |
| Net profit margin | -1.9% | -1.4% | +0.8% | +1.2% | +0.4% | +1.0% | -0.6% |
| EPS (₹) | (7.18) | (4.72) | 3.63 | 23.39 | 5.56 | 12.64 | 10.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.24 | 14.24 | 14.24 | 12.54 | 12.54 | 12.54 | 12.54 |
| Reserves & surplus | 391 | 441 | 478 | 220 | 192 | 184 | 169 |
| Shareholders' funds (net worth) | 405 | 455 | 492 | 233 | 204 | 197 | 182 |
| Secured loans | 362 | 258 | 146 | 209 | 193 | 185 | 195 |
| Unsecured loans | 513 | 337 | 317 | 299 | 289 | 193 | 185 |
| Total debt | 874 | 596 | 463 | 508 | 482 | 378 | 380 |
| Total liabilities | 1,283 | 1,066 | 980 | 745 | 699 | 598 | 580 |
| Assets | |||||||
| Gross block | 885 | 581 | 522 | 468 | 483 | 375 | 353 |
| Net block | 743 | 464 | 427 | 387 | 385 | 288 | 285 |
| Capital work in progress | 11.11 | 8.32 | 13.38 | 5.72 | 12.00 | 16.12 | 23.22 |
| Investments | 115 | 115 | 111 | 92.60 | 62.35 | 62.01 | 70.00 |
| Inventories | 259 | 317 | 294 | 199 | 202 | 144 | 218 |
| Sundry debtors | 83.15 | 69.43 | 89.44 | 81.23 | 66.12 | 85.90 | 51.21 |
| Cash & bank balances | 44.39 | 12.06 | 35.04 | 6.80 | 5.18 | 37.74 | 16.25 |
| Loans & advances | 89.01 | 91.44 | 72.87 | 30.53 | 42.36 | 30.48 | 56.90 |
| Total current assets | 476 | 490 | 492 | 318 | 316 | 299 | 342 |
| Total current liabilities | 204 | 168 | 245 | 111 | 125 | 109 | 197 |
| Net working capital | 272 | 322 | 246 | 206 | 191 | 190 | 145 |
| Total assets | 1,283 | 1,066 | 980 | 745 | 699 | 598 | 580 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 8.56 | 31.87 | 4.30 | 5.00 | 35.30 | 14.05 | 11.47 |
| Net cash from operating activities | 93.28 | (38.65) | 115 | 85.54 | 27.31 | 75.21 | 147 |
| Net cash from investing activities | (97.12) | (12.16) | (176) | (56.65) | (26.89) | 2.08 | (27.96) |
| Net cash from financing activities | 35.50 | 27.50 | 88.60 | (29.58) | (30.72) | (56.05) | (116) |
| Net change in cash | 31.66 | (23.31) | 27.56 | (0.70) | (30.30) | 21.24 | 2.59 |
| Closing cash | 44.39 | 12.06 | 35.04 | 6.80 | 5.18 | 37.74 | 16.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.6% | -2.5% | +5.2% | +34.7% | +10.3% | -8.0% | - |
| EBITDA growth | +45.8% | -65.4% | -0.2% | +43.0% | -2.3% | +47.7% | - |
| PBT growth | -66.7% | - | -21.1% | +184.7% | -38.4% | +127.4% | -48.4% |
| Net income growth | -54.4% | -259.3% | -27.7% | +355.3% | -58.3% | +248.2% | - |
| Revenue CAGR (3Y) | +4.3% | +11.4% | +16.1% | +11.0% | -6.1% | - | - |
| EBITDA CAGR (3Y) | -20.4% | -20.9% | +11.7% | +27.3% | +24.1% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -1.8% | -1.3% | +1.0% | +1.2% | +0.4% | +0.9% | +0.7% |
| Return on capital employed | +0.1% | +1.1% | +9.7% | +11.7% | +8.1% | +9.8% | +5.1% |
| Return on net worth | -11.9% | -7.1% | +6.1% | +13.4% | +3.5% | +8.4% | -6.0% |
| Debt / equity | 1.71 | 1.12 | 1.34 | 2.27 | 2.15 | 2.00 | 1.78 |
| Long-term debt / equity | 0.91 | 0.61 | 0.81 | 1.43 | 1.37 | 1.12 | 0.58 |
| Interest cover | -369.75 | -435.14 | 83.44 | 62.68 | 96.00 | 78.48 | 203.02 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.89 | 4.67 | 5.34 | 5.28 | 4.35 | 4.65 | 7.05 |
| Inventory turnover | 9.88 | 8.43 | 10.72 | 12.53 | 10.76 | 9.34 | 9.30 |
| Debtors turnover | 37.35 | 32.44 | 30.98 | 34.12 | 24.54 | 24.68 | 21.34 |
| EPS (₹) | (7.18) | (4.72) | 3.63 | 23.39 | 5.56 | 12.64 | 10.72 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 56.91 | 63.90 | 69.16 | 185.45 | 162.69 | 156.83 | 144.70 |
To see the full year-wise statements and ratios of Popular Vehicles and Services Limited, buy the company report.
Board of directors of Popular Vehicles and Services Limited
Popular Vehicles and Services has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| John Kuttukaran Paul Also directs: Kuttukaran Homes LLP, Kuttukaran Mobility Services LLP, Popular Autoworks Private Limited and 5 more | Whole-Time Director | 01 Apr 2006 | 20 Years 7 Months | Current |
| George Joseph | Director | 11 Jul 2024 | 2 Years 4 Months | Current |
| Naveen Philip Also directs: Kuttukaran Homes LLP, Kuttukaran Mobility Services LLP, Popular Autoworks Private Limited and 5 more | Managing Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Jacob Kurian Also directs: Popular Mega Motors (India) Private Limited | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
| Preeti Reddy Also directs: JSW Cement Limited, Icici Lombard General Insurance Company Limited, Icici Prudential Asset Management Company Limited and 1 more | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
| Murali Narayanan Chinnasamy | Director | 29 Dec 2025 | 0 Years 10 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Popular Vehicles and Services Limited is audited by BSR & ASSOCIATES LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & ASSOCIATES LLP | FY 2025 | 116231W/W-100024 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 61.40%, foreign institutional investors hold 10.30%, domestic institutional investors hold 9.80% and retail and other public shareholders hold 18.50%.
Sep 2026
QUARTER
61.40% Promoters
9.80% DII (Domestic Institutional)
10.30% FII (Foreign Institutional)
18.50% Retail & Others
Promoter holding - history
Now 61.40% · Sep 2026High 61.40% · Jun 2026Low 61.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 61.40% | 61.40% | 61.20% | 61.20% |
| Public | 38.60% | 38.60% | 38.80% | 38.80% |
Charges & borrowings
Open charges
₹795.57 Cr
Satisfied charges
₹617.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2026 | 101414990 | Yes Bank Limited | ₹15 Cr | Open | |
| 28 Sep 2026 | 101414453 | Others | ₹27.64 Lakh | Open | |
| 28 Sep 2026 | 101414454 | Others | ₹53.81 Lakh | Open | |
| 10 Sep 2026 | 101392883 | Others | ₹80.36 Lakh | Open | |
| 10 Sep 2026 | 101392877 | Others | ₹61.7 Lakh | Open |
To see the full charge records of Popular Vehicles and Services Limited, buy the company report.
Total charge records: 274 View all charges
Deals & funding
Popular Vehicles and Services Limited has 15 deals on record (11 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹65.4 Cr; the latest was in March 2024.
Total deals
15
Secondary share transfers
11
Funding rounds
2
IPO
1
Rights issue
1
Disclosed funding
₹65.4 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | IPO | ₹601.51 Cr | Investors: IPO - Popular Vehicles And Services Limited, Jp Morgan, Hdfc Trustee Company Limited Hdfc Tax Saverfund Seller: BanyanTree Finance |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Others - Popular Vehicles & Services Private Limited, 3 individuals |
| Sep 2018 | Rights issue | ₹58.7 Lakh | Investors: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Others - Popular Vehicles & Services Private Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Others - Popular Vehicles & Services Private Limited |
To see the full deal history of Popular Vehicles and Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Popular Vehicles and Services Limited has 243 court cases on record: 139 filed by Popular Vehicles and Services, 104 filed against it. 32 cases are pending and 211 are disposed.
Total cases
243
Filed by the company
139
Filed against the company
104
Pending
32
Disposed
211
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 134 | 69 | 15 |
| High courts | 103 | 32 | 13 |
| Supreme Court | 6 | 3 | 4 |
Cases on record (5 of 243)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Icici Bank Limited, and 3 others | Disposed |
| District court, Kozhikode, Kerala | Civil suit | Filed against the company | Pending |
| High Court of Kerala | Court case (MACA) | Filed against the company by an individual | Pending |
| District court, Palakkad, Kerala | Court case (OP MV) | Filed against the company by an individual | Pending |
| District court, Alappuzha, Kerala | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Popular Vehicles and Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Popular Vehicles and Services Limited was last rated by Crisil on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Popular Vehicles and Services Limited, buy the company report.
MSME payment delays
Popular Vehicles and Services Limited has 13 MSME Form 1 returns on record between 2018 and 2022, listing 103 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| St Courier Private Limited | |||
| Spider Force Security and Allied Services | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Popular Vehicles and Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Popular Vehicles and Services has 8 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
8
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Popular Mega Motors (India) Private Limited | U31103KL1997PTC011748 | |
| Vision Motors Private Limited | U34100KL2008PTC022049 | |
| Popular Autoworks Private Limited | U34100KL2009PTC024318 | |
| Kuttukaran Cars Private Limited | U34100KL2011PTC029542 | |
| Popular Auto Dealers Private Limited | U50101KL2005PTC018670 | |
| Prabal Motors Private Limited | U50101KL2006PTC019140 |
To see the full group structure of Popular Vehicles and Services Limited, buy the company report.
Employees & EPFO
Popular Vehicles and Services Limited has a workforce of 6,684 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
6,684
Active EPFO establishments
1
Employee growth
-7.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6,684 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Popular Vehicles and Services Limited, buy the company report.
GST
Popular Vehicles and Services has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCP3805G1ZW | Kerala | Active | 01 Jul 2017 |
| 33AABCP3805G1ZU | Tamil Nadu | Active | 01 Jul 2017 |
| 29AABCP3805G1ZJ | Karnataka | Active | 24 Jul 2023 |
To see the full GST registrations and return filing status of Popular Vehicles and Services Limited, buy the company report.
Recent activity
Popular Vehicles and Services Limited has 23 board changes on record since 2006: 17 appointments and 6 cessations. The latest: Paul Francis Kuttukaran was appointed as Director on 28 Aug 2026.
Charges
A charge with Yes Bank Limited amounted to Rs. 15.00 Cr with Charge ID 101414990 was registered on 30 Sep 2026.
Charges
A charge with Others amounted to Rs. 0.28 Cr with Charge ID 101414453 was registered on 28 Sep 2026.
Charges
A charge with Others amounted to Rs. 0.54 Cr with Charge ID 101414454 was registered on 28 Sep 2026.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 101392883 was registered on 10 Sep 2026.
Charges
A charge with Others amounted to Rs. 0.62 Cr with Charge ID 101392877 was registered on 10 Sep 2026.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 101394602 was registered on 10 Sep 2026.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101387709 was registered on 01 Sep 2026.
AGM
Popular Vehicles And Services Limited last Annual general meeting of members was held on 28 Aug 2026 as per latest MCA records.
Appointed
Paul Francis Kuttukaran was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 4.81 Cr with Charge ID 101387738 was registered on 27 Aug 2026.
Charges
A charge with Others amounted to Rs. 0.17 Cr with Charge ID 101381647 was registered on 21 Aug 2026.
Charges
A charge with Others amounted to Rs. 0.37 Cr with Charge ID 101363411 was registered on 27 Jul 2026.
528 earlier events are in the company report.
News
PVSL: Q2 EBITDA 728.4M RUPEES VS 453.5M (YOY); Q2 EBITDA MARGIN 3.49% VS 2.95% (YOY)
PVSL: Q2 CONS NET PROFIT 22M RUPEES VS 5.7M (YOY)
PVSL: Q2 REVENUE 20.89B RUPEES VS 15.36B (YOY)
Popular Vehicles: Reports Significant Business Growth For Q2 And H1 FY27, With Consolidated Revenue From Operations Rising About 40% Year-Over-Year In Q2 FY27 And 46% In H1 FY27
Popular Vehicles And Services: Company Commences Full-scale Commercial Operations Of Yanik, B2B E-commerce Marketplace For Automotive Spare Parts
Frequently asked questions
Popular Vehicles and Services is an active public limited company based in Ernakulam, Kerala, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 05 July 1983 (43+ years old) and is registered under CIN L50102KL1983PLC003741. Listed on BSE: 544144 and NSE: PVSL.
Popular Vehicles and Services reported revenue of ₹6,381.1 Cr for FY 2025-26 (up 15.2% YoY) based on consolidated financials.
Popular Vehicles and Services has 8 current directors:
- Naveen Philip - Managing Director
- John Kuttukaran Paul - Whole-Time Director
- George Joseph - Director
- Jacob Kurian - Director
- Preeti Reddy - Director
- Murali Narayanan Chinnasamy - Director
- Neeraj Jain - Director
- Paul Francis Kuttukaran - Director
The latest financial statements of Popular Vehicles and Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Popular Vehicles and Services is 32AABCP3805G1ZW, registered in Kerala. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AABCP3805G1ZU (Tamil Nadu), 29AABCP3805G1ZJ (Karnataka).
The CIN (Corporate Identification Number) of Popular Vehicles and Services is L50102KL1983PLC003741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Popular Vehicles and Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 544144) and NSE (symbol: PVSL).
Popular Vehicles and Services has 243 court cases on record: 139 filed by the company and 104 filed against it. 32 are pending. Most are in the district courts.
Popular Vehicles and Services was incorporated on 05 July 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ernakulam.
Popular Vehicles and Services has 15 deals on record (11 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹65.4 Cr; the latest was in March 2024.
Paul Francis Kuttukaran was appointed as Director on 28 Aug 2026. Murali Narayanan Chinnasamy was appointed as Director on 29 Dec 2025. Rakesh Kumar Bhutoria ceased to be Nominee Director on 08 Dec 2025. Popular Vehicles and Services has 23 board changes on record in total.
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