Popular Vehicle & Services is an automobile dealer in India for giants like Maruti Suzuki, Honda Cars, Jaguar Land Rover India, Tata Motors, Piaggio, and Ather.
It is the seventh-largest passenger vehicle dealer (in terms of volumes) for Maruti Suzuki in India in FY23.
Heavy reliance on Maruti Suzuki and Tata Motors. They contributed 86.4% of vehicles sold and 80.7% of revenue in FY23. The industry is highly competitive and cyclical.
Is the company's net debt-to-equity ratio less than one? No. Its net debt-to-equity stood at 3.1 times as of September 30, 2023.