Heavy Buying: Auto Ancillary Company with Strong Clients Like Maruti Suzuki, Toyota, and Tata Motors Secures Rs 118 Crore Orders, Boosts EV Portfolio and Global Presence
DSIJ IntelligenceCategories: Mindshare, Multibaggers, Trending
PPAP Automotive Ltd, a leading manufacturer of Automotive Sealing Systems and Interior and Exterior Automotive parts, has announced the receipt of substantial orders with a lifetime value of Rs 118 crore. This includes a significant Rs 50 crore business for electric vehicles (EVs), reflecting the company’s strategy to align its portfolio with the growing EV market.
The orders, to be executed over 3 to 5 years, mark a major milestone in PPAP’s efforts to expand its global footprint, particularly with KIA. This achievement highlights the company’s ongoing commitment to building long-term partnerships and delivering excellence to existing and new customers.
Commenting on the development, Mr. Abhishek Jain, CEO & MD of PPAP Automotive Ltd, said, “These new orders from longstanding clients underscore PPAP Automotive's enduring relationships and unwavering commitment to excellence, reinforcing its reputation as a trusted leader in the automotive industry. Through our continued efforts, we have successfully made significant inroads with KIA. We were successful in introducing new technology parts which were highly appreciated by our customers and were immediately adopted for use in their forthcoming models. We remain committed towards achieving higher revenues coupled with better margins as these premium products bear fruit going ahead.”
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Share Performance
Currently, the company’s shares are trading at around Rs 251 each on the BSE, representing a rally of over 15 per cent compared to Friday’s closing price of Rs 216.95 each. The current market capitalization stands at around Rs 354.21 crore. In the last month, the company’s shares have delivered a gain of over 25 per cent. Looking at today’s trading volumes, there has been a spurt in volumes by over 47.5 times on the BSE.
Company Overview
Established in 1978, PPAP Automotive is a leading manufacturer of Automotive Sealing Systems and Plastic Injection Molding Systems, catering to prestigious automotive brands like Maruti Suzuki, Honda Cars, Toyota, Tata Motors, Hyundai, KIA, and more. The company operates state-of-the-art manufacturing facilities across major automotive hubs in India and continues to innovate with high-precision plastic injection tooling and Li-ion battery pack solutions.
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Disclaimer: The article is for informational purposes only and not investment advice.