PPAP Automotive:

• Established in 1978
• Leading manufacturer of automotive sealing systems, Interior and Exterior Injection moulded products
• Automotive sealing - used to seal vehicle body and glass from noise, dust and water.
• Technical colloboration with Nissen Chemitec Corp, Japan, to develop automotive products
• JV with Tokai Kogyo Co, Japan to manufacture ethylene propylene diene monomer rubber based automotive system products including opening trims, hood seals, door wather strip and TVP glass run channels
• Main customer : Passenger car industry
• Maruti : 43% of sales
• Honda : 39% of sales
• Tata, M&M, Toyota : balance
• EPS is 13.1
• Book value is Rs.135
• Market price is : Rs.123 ( as on 26th Oct 2015)