PPAP Automotive Limited · NSE:PPAP
PPAP Automotive — Q2 & H1FY27 Earnings Presentation
50 slides from PPAP Automotive's earnings presentation, Nov 7, 2026
Slide 1: Analysts and Investors Presentation filing letter
PPAP Automotive Limited GSTIN: 07AAACP5144P3Z1 & 07AAACP5144P2Z2 7th November, 2026 The Listing Department The Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai
Slide 2: Investor Presentation Q2 & H1FY27
Investor Presentation Q2 & H1FY27
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PPAP Automotive Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Group Overview
Group Overview Q2 & H1FY27 Highlights Way Forward Company Overview ESG Overview Historical Financials
Slide 5: AJAY Group – Excellence · Agility · Integrity
AJAY Group – Excellence · Agility · Integrity Derived from the Sanskrit — A (not) + JAY (defeat) — AJAY literally means the unconquered and the undefeated. Our name is not just an identity. It is a commitment to – Victory Strength & through Consistent, long-term value Robust operations built to with
Slide 6: Vision · Mission · Principles
Vision · Mission · Principles Grow Globally To become the global partner of choice for Together • Global Presence customers seeking growth through Global Partner of • Long-Term Partnerships Choice • Continuous Improvement innovation and technological excellence Technology-Driven • Sustainable
Slide 7: AJAY Group: Our Businesses
AJAY GROUP: Our Businesses (Wholly owned Subsidiary) (Wholly owned Subsidiary) (Wholly owned Subsidiary) (Wholly owned Subsidiary) Business Focus • OEM & OES • Mobility • Industrial • Plastic Injection • Li-Ion Battery packs CSR towards: Mobility Aftermarket Applications Tooling for Mobility for Mob
Slide 8: PPAP Group Structure
PPAP Group Group Structure R1 01 PPAP Automotive 02 Meraki Precision Tools 03 Avinya Industrial Products 04 ELPIS Automotive Parts Slump Meraki Precision Tools for Extension of core competence of Sale of Sales of spare parts, accessories development of injection mold for Plastic and Rubber processin
Slide 9: Q2 & H1FY27 Highlights
Group Overview Q2 & H1FY27 Highlights Way Forward Company Overview ESG Overview Historical Financials
Slide 10: Industry Highlights
Industry Highlights Passenger Vehicles Commercial Vehicles Two - Wheeler Three - Wheeler • Passenger vehicle sales grew • Two-wheeler sales grew 30.7% YoY to 13.60 lakh units • Commercial vehicle sales 15.2% YoY to 64.3 lakh units • Three-wheeler sales grew in Q2FY27, with UVs grew 28.7% YoY to 3.09
Slide 11: From the Chairman's Desk
From the Chairman’s Desk Commenting on the results and performance for Q2 & H1FY27, Mr. Ajay Kumar Jain, Chairman & MD of PPAP Automotive Ltd said: “Q2FY27 witnessed sustained business momentum, supported by favourable industry dynamics, higher vehicle production and healthy demand across our key cu
Slide 12: Financial Highlights – Q2FY27
Financial Highlights – Q2FY27 (in INR Crore) REVENUE EBITDA PROFIT AFTER TAX +24.4% +11.7% +78.9% 165.1 14.9 3.5 13.3 STANDALONE 132.7 1.9 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 +29.8% +23.0% 2.5 177.8 15.7 CONSOLIDATED 137.0 12.7 -0.05 Q2FY26 Q2FY27 Q1FY26 Q1FY27 Q2FY26 Q2FY27 11
Slide 13: Financial Highlights – H1FY27
Financial Highlights – H1FY27 (in INR Crore) REVENUE EBITDA PROFIT AFTER TAX +26.7% +16.8% +269.0% 309.3 27.0 5.8 STANDALONE 23.1 244.2 1.6 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 +31.8% +27.4% 3.3 334.2 28.1 CONSOLIDATED 253.6 22.0 -2.3 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 12
Slide 14: Robust Order Wins in H1FY27
Robust Order Wins of INR ~INR 429 Crore in H1FY27 Q2FY27 ~INR 298 Crore • PPAP recorded lifetime order wins of ~₹298 crore in Q2FY27, taking cumulative order wins for H1FY27 to ~₹429 crore. Q2FY27 order wins registered a strong 127.6% sequential growth over Q1FY27 (~₹131 crore), EV Non - EV reflecti
Slide 15: Segmental Revenue Breakup
Segmental Revenue Breakup H1FY26 H1FY27 Revenue Mix by Client for H1FY27 Tools & Others Tools & Others 5.6% 7.7% 9.7% 6.5% 12.2% 46.4% 4.8% 2.5% 94.4% 92.3% Parts Parts 17.5% 0.5% Maruti + SMG MG Motors Toyota Hyundai Nissan Others Tata Honda 14
Slide 16: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (in INR Crore) Q2FY27 Q2FY26 Y-o-Y (%) H1FY27 H1FY26 Y-o-Y (%) Revenue from operations 165.1 132.7 24.4% 309.3 244.2 26.7% COGS 99.4 72.5 183.6 132.9 Gross Profit 65.7 60.3 9.1% 125.7 111.3 13.0% Gross Profit Margin 39.8% 45.4% 40.6% 45.6% Employee Expe
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet Assets (in INR Crore) Sep 26 Mar 26 Liabilities (in INR Crore) Sep 26 Mar 26 Non-Current Assets Equity Property, Plant and Equipment 278.8 287.1 Capital work-in-progress 49.3 42.8 Equity Share capital 14.2 14.1 Other Intangible Asset 11.9 9.9 Other Equity 346.9 342.1 Investm
Slide 18: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (in INR Crore) H1FY27 H1FY26 Net Profit Before Tax 7.7 2.0 Adjustments for: Non-Cash Items / Other Investment or Financial Items 19.9 21.2 Operating profit before working capital changes 27.7 23.3 Changes in working capital -17.6 1.4 Cash generated from Oper
Slide 19: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (in INR Crore) Q2FY27 Q2FY26 Y-o-Y (%) H1FY27 H1FY26 Y-o-Y (%) Comments: • Revenue Growth: Revenue from operations grew Revenue from operations 177.8 137.0 29.8% 334.2 253.6 31.8% by 29.8% YoY to INR 177.8 crore in Q2FY27 and COGS 107.0 74.5 198.2 138
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in INR Crore) Sep 26 Mar 26 Liabilities (in INR Crore) Sep 26 Mar 26 Non-Current Assets Equity Property, Plant and Equipment 291.9 299.7 Equity Share capital 14.2 14.1 Capital work-in-progress 49.5 42.8 Other Equity 329.4 327.0 Other Intangible Asset 12.3 10.4 Inta
Slide 21: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (in INR Crore) H1FY27 H1FY26 Net Profit Before Tax 4.5 -3.0 Adjustments for: Non-Cash Items / Other Investment or Financial Items 24.1 25.0 Operating profit before working capital changes 28.6 22.0 Changes in working capital -12.9 1.8 Cash generated from O
Slide 22: Way Forward
Group Overview Q2 & H1FY27 Highlights Way Forward Company Overview ESG Overview Historical Financials
Slide 23: Strategic Priorities
Strategic Priorities Parts Business: • Increasing content per vehicle through value-added & higher- margin products • Timely execution of a robust order book over next 5 years • To increase exports which has commenced to USA and further, exploring for GCC countries • To onboard new customers and inc
Slide 24: Company Overview
Group Overview Q2 & H1FY27 Highlights Way Forward Company Overview ESG Overview Historical Financials
Slide 25: PPAP at a Glance
PPAP at a Glance 45+ 10 50+ 225k 3,000+ 300+ Years of Pan-India Diversified Parts shipped No. of SKU under Legacy Operating Facilities Customers per day SKU’s development Plastic Extrusion 5 5 05. Aftermarket 01. Automotive Rubber Extrusion Parts Injection Moulding Varied Business 04. Li-on 02. Tool
Slide 26: Journey Towards Excellence
Journey Towards Excellence • Incorporation of a • Established Plant – II • Developed batteries for off-road • Technological tie up partnership firm (Noida) vehicles like golf-cart with Tokai Seiki Co., • Commenced • General Motors and • Developed 2K molding parts and molds Japan Automotive business
Slide 27: Manufacturing Facilities
Manufacturing Facilities Plastic Extrusion PVC / TPO / TPV / Nylon MATERIAL • 04 Locations; 15 Extrusion Lines • Bending technology, Welding technology, Chrome SUS extrusion and Notching technology Rubber Extrusion EPDM & TPV MATERIAL • 02 Locations; 02 EPDM extrusion lines, 1 TPV extrusion Line • H
Slide 28: Operating Locations
Operating Locations NORTH ZONE Registered Office- New Delhi, Delhi PPAP Manufacturing Facility - Noida , Uttar Pradesh - Greater Noida, Uttar Pradesh Uttar Avinya Battery Uttar Pradesh Meraki Precision Tools - Greater Noida, Uttar Pradesh Pradesh Uttar Pradesh Avinya Batteries – Noida, Uttar Pradesh
Slide 29: Business Segments: Automotive Parts (1/2)
Business Segments Automotive Parts Tooling Business Industrial Products Li-on Batteries Aftermarket Automotive Parts (1/2) • Leading manufacturer of interior and exterior injection-molded Interior/Exterior Products automotive components for India's leading OEMs. • Extensive portfolio of high-value i
Slide 30: Business Segments: Automotive Parts (2/2)
Business Segments Automotive Parts Tooling Business Industrial Products Li-on Batteries Aftermarket • Core expertise in automotive body sealing systems, delivering enhanced sealing, NVH Automotive performance, and vehicle durability. • Diversified customer presence across Passenger Vehicles (PV), Co
Slide 31: Automotive Parts: Esteemed Clientele
Automotive Parts: Esteemed Clientele Passenger Vehicles Two Commercial Wheeler Vehicle Non Tractor Automotive Note: Logos are the property of their respective owners and are used for representation purposes only 30
Slide 32: Business Segments: Tooling Business
Business Segments Automotive Parts Tooling Business Industrial Products Li-on Batteries Aftermarket 2500+ sqm Producing over Offers end-to-end Tooling Business, est. modern facility 180 Molds design, validation, in 2004 as PPAP’s Tooling Business backward Integration with 100+ skilled Annually and m
Slide 33: Business Segments: Industrial Products
Business Segments Automotive Parts Tooling Business Industrial Products Li-on Batteries Aftermarket Leveraging the Focus on developing the Entry into use of existing Architectural/ Container/ export with 70+ product Industrial Established plastic and rubber Electrical Sealing System and various inje
Slide 34: Business Segments: Li-ion Batteries
Business Segments Automotive Parts Tooling Business Industrial Products Li-on Batteries Aftermarket Expertise in Developing ESS Actively leveraging Equipped with advanced engineering solutions compliant growth opportunities customized Li-ion with the latest infrastructure for efficient ESS for diver
Slide 35: Business Segments: Aftermarket
Business Segments Automotive Parts Tooling Business Industrial Products Li-on Batteries Aftermarket Launched 79 Partnering with Expanding domestic Expanding the product other automotive more products and international portfolio with new product suppliers to expand in aftermarket Aftermarket markets
Slide 36: Product Portfolio: After Market
Product Portfolio: After Market Product Portfolio Outer Garnish Smart Phone Fender Lining Bumper Coolant Car Care Drink Holder Ash Bottle Perfume Holder Jimny Drink Perfume Trash Box Grills Floor Lifelong Mats Door Visor Mud Flaps Sealant Holder Glass Care Available Across Note: Logos are the prope
Slide 37: Strategic Partnership with Hutchinson
Strategic Partnership with Hutchinson advanced body sealing systems in India Partnership Highlights • Exclusive License to manufacture, Global Automotive market & sell advanced body Sealing Leader sealing systems in India • Access to Hutchinson’s proprietary technologies, licensed know how & enginee
Slide 38: PPAP – Strengths
PPAP – Strengths Long-Standing Relationships with OEMs Fostering enduring partnerships, our long-standing relationships with OEMs form the bedrock of our success, ensuring seamless collaboration and mutual growth Strategic & Technology Driven Alliances Our commitment to strategic and tech-driven all
Slide 39: ESG Overview
Group Overview Q2 & H1FY27 Highlights Way Forward Company Overview ESG Overview Historical Financials
Slide 40: Corporate Sustainability
Corporate Sustainability FY 2026 – 27 Targets Achieve Carbon neutral Reduce scope 1 and 2 emission intensity by operations by 2040 1 15%. Achieve net RE 100 by 2028 Zero by 2045 across operations Increase Renewable Energy usage by 28%. 2 3 Reduce water consumption by 10%. Increase in 15% of women’s
Slide 41: Key Achievements
Key Achievements Earth Day KAP (knowledge, attitude Responded to key customer ESG requests PPAP Sustainability 20% increase in the & practice) survey conducted. (Hyundai, TATA,TKML, Maruti). Rating renewable energy target for FY 2026-27 has been launched. Life Cycle Assessment LCA & Circularity trai
Slide 42: Key Achievements
Key Achievements Quality Manufactur- Excellence Outstanding Annual ing Upgradation Supplier in Best performance Excellence Initiatives- –TATA Industry AI in Quality Award Suzuki MOTORS Application - Honda - MSIL Best Manufactu- Outstanding Annual ring Best Quality- Practice in performance Supplier –
Slide 43: Historical Financials
Group Overview Q2 & H1FY27 Highlights Way Forward Company Overview ESG Overview Historical Financials
Slide 44: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (in INR Crore) FY26 FY25 FY24 FY23 FY22 Revenue from operations 536.3 537.6 503.9 492.3 409.1 COGS 298.3 307.4 299.1 300.8 247.1 Gross Profit 238.0 230.2 204.8 191.5 162.0 Gross Profit Margin 44.4% 42.8% 40.6% 38.9% 39.6% * Employee Expenses 106.9 95.9
Slide 45: Standalone Balance Sheet
Standalone Balance Sheet Assets (in INR Crore) Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Liabilities (in INR Crore) Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Non-Current Assets Equity Property, Plant and Equipment 287.1 283.8 284.8 292.6 261.4 Capital work-in-progress 42.8 23.9 14.7 8.9 20.8 Equity Share capital
Slide 46: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (in INR Crore) FY26 FY25 FY24 FY23 FY22 Net Profit Before Tax 42.3 18.8 3.2 9.0 6.1 Adjustments for: Non-Cash Items / Other Investment or Financial Items 10.9 42.7 42.5 36.5 32.5 Operating profit before working capital changes 53.2 61.5 45.7 45.5 38.6 Change
Slide 47: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (in INR Crore) FY26 FY25 FY24 FY23 FY22 Revenue from operations 567.1 554.0 522.9 511.1 421.9 COGS 317.8 317.1 312.9 313.6 255.8 Gross Profit 249.3 236.9 210.0 197.5 166.1 Gross Profit Margin 44.0% 42.8% 40.2% 38.6% 39.4% Employee Expenses 114.0 100
Slide 48: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in INR Crore) Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Liabilities (in INR Crore) Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Non-Current Assets Equity Property, Plant and Equipment 299.7 297.9 300.3 309.7 273.9 Equity Share capital 14.1 14.1 14.0 14.0 14.0 Capital work-in-progre
Slide 49: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (in INR Crore) FY26 FY25 FY24 FY23 FY22 Net Profit Before Tax 50.3 8.9 (8.1) (5.1) 0.1 Adjustments for: Non-Cash Items / Other Investment or Financial Items 1.2 48.8 49.1 49.2 37.6 Operating profit before working capital changes 51.5 57.6 41.1 44.1 37.8 C
Slide 50: Contact Us
CONTACT US Company: Investor Relations Advisor: Company CIN: : L74899DL1995PLC073281 CIN: : U74140MH2010PTC204285 Ms. Pankhuri Agarwal Mr. Karan Thakker / Mr. Aseem Kohli E: [email protected] E: [email protected] / [email protected] T: +91 81699 62562 / +91 87083 72029 www.ppapco.