PPAP Automotive Limited — PPTs, 17-05-2025: Investor Presentation

1. Financial Highlights:

Consolidated revenue rose 5.9% YoY to ₹554 Cr in FY25, with Q4 at ₹147.2 Cr (+8.5% YoY). EBITDA jumped 43.9% YoY to ₹57.2 Cr, expanding margins by 270 bps to 10.3%, driven by cost efficiencies and scale. PAT swung positive at ₹7.0 Cr vs a loss of ₹13 Cr last year. Standalone revenue increased 6.7% YoY to ₹537.6 Cr with EBITDA margin improving to 11.3%. Gross margin improved to ~42.8%, aided by better product mix. Order book remains healthy at ₹2,834 Cr lifetime value.

2. Strategic Initiatives & Growth Drivers:

PPAP is scaling value-added products in both EV and non-EV segments, with tooling business surging 75% YoY. The aftermarket segment launched 150+ new SKUs and expanded exports to the USA. Capex focuses on expanding tooling capacity (up to 12 molds) and growing SKU offerings. Facilities leverage 45+ years of experience across five verticals, including Li-ion batteries and industrial products.

3. Business Developments:

New lifetime orders worth ₹601 Cr (₹208 Cr EV, ₹393 Cr non-EV) secured with marquee OEMs including Maruti Suzuki, Tata Motors, Toyota, Honda, and new client KIA Motors. Expanded tooling and battery assembly capacities support product launches and diversification. Aftermarket export initiatives broaden market reach.

4. Market Position & Competitive Advantage:

Leader in plastic sealing systems with strong R&D and OEM ties, supported by a pan-India manufacturing footprint. Diverse product portfolio (2,600+ SKUs) and capabilities in injection molding, rubber extrusion, and battery assembly offer scale and differentiation. Strong governance and alliances bolster competitive edge.

5. Investor Implications:

Margin improvement and return to profit signal operational turnaround with disciplined execution. Strong order book visibility over 3–5 years underpins positive growth outlook. Expansion in EV and aftermarket segments opens new revenue streams. Execution risks remain around scaling loss-making battery division and demand cyclicality to watch closely.