PPAP is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India. The company’s state of the art manufacturing facilities are located in Noida (UP), Greater Noida (UP), Chennai (Tamil Nadu) and Pathredi (Rajasthan).
The company was established in 1978 for the manufacture of custom made extrusion products. The company commenced the Automotive Parts Business in 1985 with the start of production of Maruti (Maruti Suzuki) cars in the Indian market.
Over the years, PPAP has developed strong technology alliances with Japanese companies in order to cater to the ever increasing demands of its customers. The company’s key focus is on delighting the customer’s through continuous up gradation of its products and services.
The company’s core competence is in Polymer Extrusion based Automotive Sealing System and Injection Molded products. Over the years, PPAP has been continuously adding more and more products to its product range.
In 2012, the company has ventured into EPDM Rubber based Automotive Sealing System by establishing a Joint Venture with its Technology Partner Tokai Kogyo Co. Ltd. – Japan.
Today, the company manufactures over 500 different products for its customers and continuously targets to achieve zero ppm in Quality and Delivery performance for all its customers.
<<<Above facts are from company profile>>>
Awards and certificates:
PPAP Automotive Ltd has received “SILVER AWARD” in the category of ”DELIVERY” from Honda Cars India Limited in the Annual Suppliers Convention 2015 held on February 20, 2015.
All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified.
PAP has been awarded the best vendor awards, year after year, by its esteemed customers.
Customers of PPAP:
PPAP’s esteemed customers include some of the best automotive manufacturers in the Indian automotive market like
Maruti Suzuki India limited
Honda Cars Limited
Toyota kirloskar motors
Mahindra and Mahindra
Growth of the company:
Company’s revenue from operations increased by 29% over the previous year.The profit after Tax registered a growth of 120%. The company is growing at a CGAR of 13.75% during the past 5 years.
Net sales and PAT of the company are expected to grow at a CGAR of better than 13%
Considering the past growth rate one can analyse further and invest with a long term perspective.
CMP is 179, one can invest in a staggered manner.