What we do PPAP Automotive Ltd manufactures automotive sealing systems and interior-exterior automotive parts, serving major Indian and global vehicle makers. |
Founded in 1,978 |
Market share Leading supplier in automotive sealing and plastic components with diversified clientele including Maruti Suzuki, Honda, Tata Motors. |
Problem solved Improves vehicle performance and durability by providing high-quality sealing and automotive plastic parts. |
Top clients or who we serve OEMs like Maruti Suzuki, Honda, Tata Motors, Mahindra, Suzuki Motorcycle; B2B serving Tier-1 suppliers across vehicle segments. |
Key management - |
Our journey and innovations Founded in 1978; technical collaborations with Japanese firms; expanded manufacturing in India; diversified into tooling, batteries, aftermarket. |
Where we operate Pan-India manufacturing facilities, supplying Indian and international automotive sectors, targeting export growth in USA, GCC. |
Top products or what we offer Automotive body sealing systems, interior and exterior injection molded parts, tooling, industrial products, lithium-ion batteries, aftermarket auto parts. |
Top brands Elpis Automotive Parts (aftermarket); Meraki Precision Tools (tooling); Avinya Batteries (Li-ion batteries). |
Raw materials needed PVC, PP, ABS, TPO plastics, EPDM and TPV rubbers, lithium for batteries. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical, linked to automotive industry cycles but supported by recurring aftermarket sales. |
Our industry position Strong presence in India's automotive components market with 50+ OEM clients and growing export footprint. |
Financial highlights FY25 revenue about INR 554 crore, net profit INR 7 crore; steady growth with challenges from product launches and market dynamics. |
Geographical revenue split Primarily India; exports to USA and GCC markets. |
Order book Lifetime order wins around INR 752 crore in 9MFY26 with a current order book of INR 4103 crore. |
Whats driving growth Growing automotive demand, EV segment expansion, new product development, and aftermarket sales growth. |
Our future plans Expand exports, increase EV product range, grow aftermarket division, enhance tooling capacity and battery production. |
Our green promise Targets net zero by 2045, renewable energy adoption, carbon neutrality, water neutrality by 2040, and zero waste to landfill. |
Our people and values Focus on safety, diversity with increasing women workforce, upskilling employees and ethical governance. |
Key challenges ahead Industry cyclicality, raw material costs, labor regulatory changes, and competitive pressures. |
Interesting facts Over 225,000 vehicle parts shipped daily; 45+ years' automotive expertise; divested JV to reduce debt and invest in growth. |
Risks and strategy Managing demand volatility and cost pressures through innovation, diversification, and strong customer relationships. |
