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PPAP Automotive Ltd.

BSE: 532934 | NSE: PPAP |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE095I01015 | SECTOR: Auto Ancillaries

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BSE Live

Feb 24, 16:00
191.05 -1.15 (-0.60%)
Volume
AVERAGE VOLUME
5-Day
405
10-Day
666
30-Day
1,490
246
  • Prev. Close

    192.20

  • Open Price

    199.95

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Feb 24, 15:48
191.25 -1.45 (-0.75%)
Volume
AVERAGE VOLUME
5-Day
11,623
10-Day
8,917
30-Day
15,843
13,982
  • Prev. Close

    192.70

  • Open Price

    195.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    191.25 (272)

Annual Report

For Year :
2018 2016 2015

Chairman's Speech

Dear Shareholders, It gives me immense pleasure to be able to communicate with you, once again, at the end of an exciting year and also present to you, your Company''s Annual Report for the year ended 31st March, 2015. The last year commenced with very high expectations of economic revival and strong growth due to a new Central Government. However, despite multiple initiatives by the Central Government, India could not register significant growth due to the drag by multiple geo-political factors like the political and financial crisis in Europe, lack of global demand, appreciation of the US dollar, high interest rates, etc. On the positive side, the fall in the commodity and oil prices have helped to reduce the inflation. Despite the Global headwinds, India could grow at 7.3% in FY 2014-15. Going forward, the future outlook looks positive, as further reforms and easing of the interest rates are likely to boost the Indian economy and the country may be heading for double digit growth 2-3 years, from now. In FY 2014-15, the combined growth of the entire Indian automotive industry was 8.68%. However, the growth in domestic passenger vehicles was at 3.9% only. During your Company''s three decade journey in the automotive industry, we have always been a leading manufacturer of automotive parts, in our product segments. We have always been and are continuously investing in technology and we are rapidly improving the skills and knowledge of our people. Further, we are constantly associating ourselves with global technology partners and are benchmarking our operations with the best in the world. During the year under review, your Company''s revenue from operations increased by 29.07% over the previous year. The Profit after tax (PAT) registered a growth of 120.14%. Your Company was able to improve upon its PAT margins from 2.1% to 3.78% of sales. We have been growing at a CAGR of 13.75% during the past 5 years, despite the stagnation in the Indian economy and in the automotive market. During the year, your Company successfully commenced production at its new plant at Pathredi, in Rajasthan. I am happy to inform that as part of our Corporate Social Responsibility (CSR) program, your Company is pursuing-Education for the underprivileged children. I also take this opportunity to express my sincere gratitude to our customers, stakeholders, technology partners, financers, employees and suppliers for their unstinted support over the past several years. Without their valuable and continued contribution, we would not have reached, where we are today. Yours truly, Ajay Kumar Jain Chairman & Managing Director