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Piaggio Vehicles
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Registered Details

PIAGGIO VEHICLES PRIVATE LIMITED

Active

Updated: 24 Oct 2024

The company engineers, manufactures, and sells a range of light commercial transportation vehicles

Piaggio Vehicles Private Limited, is an unlisted private company incorporated on 17 February, 1998. It is classified as a private limited company and is located in Pune, Maharashtra. It's authorized share capital is INR 40.00 cr and the total paid-up capital is INR 34.00 cr.

Industry

Manufacture of motor vehicles, trailers and others

Products

three and four wheeler small commercial vehicles, as well as customized vehicles for municipal and special purpose applications., and passenger and cargo vehicles, three-wheeler goods transportation vehicles

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

11.1%

₹ 3,531.3

EBITDA

167.93%

₹ 277.6

Net Profit

₹ 108.2

Networth

6.69%

₹ 511.5

Borrowings

₹ -

Assets

17.75%

₹ 2,186.7

Gross Margin

3.06

26.4 %

Operating Margin

4.6

7.9 %

Net Profit Margin

3.61

3.0 %

Return on Equity

25.11

21.1 %

ROCE

34.76

24.3 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (24)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE

Low Risk

LOW INVENTORY

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	3,434.6	2,307.9	2,123.1	3,178.6	3,531.3
Operating profit	486.0	124.6	-0.1	103.6	277.6
Net profit	315.7	60.6	-101.9	-19.0	108.2
Gross margin	33.6	27.6	24.7	23.3	26.4
Operating margin	14.2	5.4	-0.0	3.3	7.9
Net margin	9.1	2.5	-4.7	-0.6	3.0
Networth	873.9	719.7	499.0	479.4	511.5
Borrowings	-	-	-	-	-
Assets	2,030.7	2,112.6	1,707.7	1,857.1	2,186.7
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	1.1	1.0	0.9	0.9	0.8
ROE	36.1	8.4	-20.4	-4.0	21.1
Days payable	154.0	247.0	220.0	165.0	179.0
WC days	12.0	6.0	-25.0	-20.0	-24.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	34.0	34.0	34.0	34.0	34.0
Reserves	839.9	685.7	465.0	445.4	477.5
Borrowings +	-	-	-	-	-
Long term borrowings	-	-	-	-	-
Short term borrowings	-	-	-	-	-
Trade payables +	960.4	1,128.3	963.9	1,099.6	1,272.0
Days payable	154.0	247.0	220.0	165.0	179.0
Other liabilities +	1,156.9	1,392.9	1,208.7	1,377.7	1,675.2
Other non-current liabilities	68.8	156.3	126.4	162.7	170.3
Other current liabilities	127.7	108.3	118.3	115.4	232.8
Total liabilities	2,030.7	2,112.6	1,707.7	1,857.1	2,186.7
Fixed Assets +	736.6	774.3	717.9	648.8	728.5
Tangible assets	576.1	604.1	539.1	449.7	476.8
CWIP	36.1	48.2	28.3	75.3	83.0
Intangible assets	124.4	122.0	150.4	123.8	168.7
LT loans and advances	12.4	9.4	-	-	-
Other non-current assets	80.8	52.3	52.4	167.1	185.9
Current assets +	1,201.0	1,276.5	937.3	1,041.2	1,272.3
Inventories	246.1	210.1	198.9	209.6	201.2
Trade receivables	454.5	487.8	397.0	350.2	357.0
Cash and cash equivalents	84.4	154.8	180.6	230.6	515.2
ST loans and advances	-	2.8	-	-	-
Other current assets	416.0	420.9	160.9	250.7	199.0
Total assets	2,030.7	2,112.6	1,707.7	1,857.1	2,186.7

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.67	1.61	1.99	1.83	1.55
Reserves	41.36	32.46	27.23	23.98	21.83
Borrowings +	0.0	0.0	0.0	0.0	0.0
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	47.29	53.41	56.44	59.21	58.17
Other liabilities +	56.97	65.93	70.78	74.19	76.61
Other non-current liabilities	3.39	7.4	7.4	8.76	7.79
Other current liabilities	6.29	5.13	6.93	6.22	10.65
Total liabilities
Fixed Assets +	36.27	36.65	42.04	34.93	33.32
Tangible assets	28.37	28.6	31.57	24.21	21.8
CWIP	1.78	2.28	1.66	4.05	3.8
Intangible assets	6.12	5.78	8.81	6.67	7.71
LT loans and advances	0.61	0.44	0.0	0.0	0.0
Other non-current assets	3.98	2.48	3.07	9.0	8.5
Current assets +	59.14	60.42	54.89	56.07	58.19
Inventories	12.12	9.95	11.64	11.29	9.2
Trade receivables	22.38	23.09	23.25	18.86	16.33
Cash and cash equivalents	4.16	7.33	10.57	12.42	23.56
ST loans and advances	0.0	0.13	0.0	0.0	0.0
Other current assets	20.48	19.92	9.42	13.5	9.1
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,434.6	2,307.9	2,123.1	3,178.6	3,531.3
Sales growth %	-8.18	-32.8	-8.01	49.71	11.1
Expenses +	3,075.5	2,336.4	2,294.2	3,248.1	3,432.4
Cost of goods	2,281.4	1,670.0	1,598.7	2,437.3	2,599.6
Employee cost	185.0	162.4	158.3	178.6	183.4
Other costs	482.3	350.9	366.3	459.0	470.8
Operating profit +	486.0	124.6	-0.1	103.6	277.6
Operating margin %	14.2	5.4	-0.0	3.3	7.9
Other income	53.5	108.0	38.9	45.8	52.9
Interest	15.1	18.9	16.2	20.0	21.7
Depreciation	111.7	134.2	154.8	153.2	157.0
Exceptional items	-	-	-	-	-
Profit before tax	412.7	79.5	-132.2	-23.8	151.8
Tax	97.0	18.9	-30.3	-4.8	43.6
Profit - disc. ops	-	-	-	-	-
Net profit	315.7	60.6	-101.9	-19.0	108.2
Net margin %	9.1	2.5	-4.7	-0.6	3.0

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.47	95.53	98.2	98.58	98.52
Expenses +	88.17	96.71	106.11	100.74	95.77
Cost of goods	65.4	69.12	73.94	75.59	72.53
Employee cost	5.3	6.72	7.32	5.54	5.12
Other costs	13.83	14.53	16.94	14.23	13.13
Operating profit	13.93	5.16	-0.01	3.21	7.74
Other income	1.53	4.47	1.8	1.42	1.48
Interest	0.43	0.78	0.75	0.62	0.61
Depreciation	3.2	5.55	7.16	4.75	4.38
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	11.83	3.29	-6.11	-0.74	4.23
Tax	2.78	0.78	-1.4	-0.15	1.22
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.05	2.51	-4.71	-0.59	3.02

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	2.3	2.9	3.4	3.9	4.3
Liquidity +
Current Ratio	1.1	1.0	0.9	0.9	0.8
Quick Ratio	0.9	0.9	0.7	0.7	0.7
Interest Coverage	32.2	6.6	-0.0	5.2	12.8
Performance
Gross Margin	33.6	27.6	24.7	23.3	26.4
Operating Margin	14.2	5.4	-0.0	3.3	7.9
Net Margin	9.1	2.5	-4.7	-0.6	3.0
Return +
Return on Equity	36.1	8.4	-20.4	-4.0	21.1
Pre-tax ROCE	44.0	-1.2	-27.0	-10.4	24.3
Return on Assets	15.5	2.9	-6.0	-1.0	5.0
Pre-tax ROIC	42.8	-1.3	-31.0	-10.3	23.6
Efficiency +
Days Payable	154.0	247.0	220.0	165.0	179.0
Days Inventory	39.0	46.0	45.0	31.0	28.0
Days Receivable	48.0	77.0	68.0	40.0	37.0
Fixed Asset Turnover	4.7	3.0	3.0	4.9	4.8
Total Asset Turnover	1.7	1.1	1.2	1.7	1.6
Working Capital
Cash Conversion Cycle	-67.0	-124.0	-107.0	-94.0	-114.0
Working Capital Days	12.0	6.0	-25.0	-20.0	-24.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

BNP Paribas Bank

No. of Loans: 1

Total Amount : 5.0 cr

Charge Holder	Amount	Date of creation/modification
BNP Paribas Bank	5.0 cr	30 Jun, 2022

Charges

BNP Paribas Bank

People

Designation	Name	DIN/PAN	Tenure
Director	Mauro Prignoli	07124240	10 years
Managing Director	Diego Graffi	07845516	8 years
Director	Fabio Grimaldi	09102841	4 years
Whole-time Director	Stefano Mascagni	09378431	3 years
CS	Shailesh Suresh Shinde	<HIDDEN>	2 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address

Registered Details

CIN

U34102MH1998PTC113606

PAN

AABCP1225G

Incorporation

1998, 27.2 years

Company Email

shailesh.shinde@piaggio.co.in

Paid up Capital

₹ 34.0 Cr

Authorised Capital

₹ 40.0 Cr

AGM

Sep 2024

Type

Private

Non-government Company

FAQ - PIAGGIO VEHICLES PRIVATE LIMITED

What is the incorporation date of PIAGGIO VEHICLES PRIVATE LIMITED?

The incorporation date of PIAGGIO VEHICLES PRIVATE LIMITED is 17 February, 1998

What is the authorized share capital of PIAGGIO VEHICLES PRIVATE LIMITED?

The authorized share capital of PIAGGIO VEHICLES PRIVATE LIMITED is INR ₹ 40.0 Cr.

What is the paid-up capital of PIAGGIO VEHICLES PRIVATE LIMITED?

The paid-up capital of PIAGGIO VEHICLES PRIVATE LIMITED is INR ₹ 34.0 Cr.

What is the registered address of PIAGGIO VEHICLES PRIVATE LIMITED?

The registered address of PIAGGIO VEHICLES PRIVATE LIMITED is E 2 MIDC INDUSTRIAL AREABARAMATI PUNE Maharashtra - 413133

What is the CIN number of PIAGGIO VEHICLES PRIVATE LIMITED?

The CIN number of PIAGGIO VEHICLES PRIVATE LIMITED is U34102MH1998PTC113606.

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