PPAP Automotive Ltd
NSE:PPAP
PPAP Automotive Ltd
PPAP Automotive Ltd. manufactures and markets automotive sealing systems, exterior, and interior products. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2008-01-11. The Company’s state-of-the-art manufacturing facilities are located in Noida, Uttar Pradesh; Greater Noida, Uttar Pradesh; Chennai, Tamil Nadu; Pathredi, Rajasthan and Ahmedabad, Gujarat. The firm operates through five segments: Commercial Tooling Business, Pail Container Business, Electric Vehicle Component Business, Automotive Parts Business, and After market and spare parts business. The tooling facility manufactures tools for customers in automotive, as well as white goods and electronic goods. The firm has ventured into the development of pail containers. The facility is located at Surajpur Industrial Area, Uttar Pradesh. The firm has also ventured into the electric vehicle market through its subsidiary PPAP Technology Limited. The facility is located in Noida, Uttar Pradesh. The firm serves original equipment manufacturer (OEMs).
PPAP Automotive Ltd. manufactures and markets automotive sealing systems, exterior, and interior products. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2008-01-11. The Company’s state-of-the-art manufacturing facilities are located in Noida, Uttar Pradesh; Greater Noida, Uttar Pradesh; Chennai, Tamil Nadu; Pathredi, Rajasthan and Ahmedabad, Gujarat. The firm operates through five segments: Commercial Tooling Business, Pail Container Business, Electric Vehicle Component Business, Automotive Parts Business, and After market and spare parts business. The tooling facility manufactures tools for customers in automotive, as well as white goods and electronic goods. The firm has ventured into the development of pail containers. The facility is located at Surajpur Industrial Area, Uttar Pradesh. The firm has also ventured into the electric vehicle market through its subsidiary PPAP Technology Limited. The facility is located in Noida, Uttar Pradesh. The firm serves original equipment manufacturer (OEMs).
Revenue Decline: H1 FY26 consolidated revenue fell to INR 253.6 crores, down 5.2% year-on-year, mainly due to soft demand and project ramp-up delays.
Battery Division Drag: Losses in the battery business and delayed customer approvals significantly impacted overall profitability and led to lower full-year guidance.
Loss at PAT Level: The company reported a consolidated PAT loss of INR 2.3 crores in H1, with INR 2.1 crores loss from the battery division.
Order Book Growth: Secured INR 707 crores in new lifetime orders during H1, taking the total order book to INR 4,171 crores, including key wins in both ICE and EV segments.
Improved H2 Outlook: Management expects higher sales and capacity utilization in H2 with new model launches and festive demand, maintaining full-year revenue guidance of INR 575–600 crores.
Aftermarket & Tooling Momentum: Aftermarket business grew 37% YoY in Q2, while Commercial Tool Room aims for 20%+ annual growth and will be spun off into a separate company.
