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    Consumer Cyclical

  3. •

    Residential Construction
Popular Estate Management Limited

Popular Estate Management Limited

POPULARES.BO
Popular Estate Management LimitedIN flagBombay Stock Exchange
18.20
INR
+0.59
- -
254.80MMarket Cap
Popular Estate Management Limited
POPULARES.BO
(Bombay Stock Exchange)

Recent

price

18.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
- -
- -
2.08
- -
- -
- -
- -
7.47
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
-0.52
13.23
-6.82
1
13.51
0.8
-0.48
-1.28
1
-0.86
-0.55
-0.7
-0.64
-0.49
-0.25
- -
-0.21
Basic EPS, GAAP
1.84
11.36
-6.16
1.04
7.04
-16.6
-1.22
-10.45
4.35
0.88
-0.25
-0.63
-0.39
-0.27
-0.38
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
9.91
25.99
19.17
20.21
33.71
34.67
34.02
32.74
33.74
32.89
32.34
31.63
30.99
30.51
29.82
- -
10.07
Book Value per Share
2.84
26.05
19.22
20.26
33.76
34.73
34.07
32.8
33.79
32.93
32.39
31.68
31.04
30.56
29.87
- -
30.31
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
- -
14
Basic Weighted Avg Shares
- -
- -
- -
29
- -
- -
- -
- -
105
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
62.08
- -
- -
- -
- -
23.91
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2
3
3
3
5
4
2
2
3
3
3
3
3
2
2
- -
- -
Depreciation Expense
-7
185
-96
14
189
11
-7
-18
14
-12
-8
-10
-9
-7
-4
-3
-3
Net Income, GAAP
- -
0.82
- -
21.31
- -
19.53
- -
- -
2.6
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
48.01
- -
- -
- -
- -
13.36
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
6
10
125
125
418
431
433
553
520
483
482
487
486
485
489
489
489
Working Capital
234
31
7
2
3
1
- -
121
66
59
64
74
76
80
80
83
83
LT Debt
40
365
269
283
473
484
477
459
473
461
453
444
435
428
424
421
421
Total Equity
- -
1.96
- -
5.04
- -
-1.93
- -
- -
4.34
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
48.2
- -
5.05
- -
2.39
- -
- -
4.49
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-5.25
73.5
-30.21
5.07
50.14
2.33
-1.39
-3.83
3
-2.57
-1.68
-2.2
-2.05
-1.58
-0.83
-1.04
-1.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
82
- -
83
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
- -
14
Market Capitalization
356
259
177

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
490
- -
490
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
50
- -
50
Total Current Liabilities
1
- -
1
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.36%
-1.46%
-0.69%
Free Cash Flow
39.55%
16.33%
-43.15%
Net Income, GAAP
-46.29%
-14.09%
-17.71%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
-0.07
-0.11
- -
-0.49
2025
-0.11
-0.2
-0.08
0.14
-0.25
2026
-0.07
-0.05
-0.04
-0.05
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Popular Estate Management Limited (POPULARES.BO) is a real estate development company focused on residential and commercial projects, including plotting schemes, construction services, and infrastructure-related initiatives in Ahmedabad, India; it provides project estimates, cost modeling, building modeling, land acquisition, structure development, and interior designing for commercial, residential, retail, and industrial sectors. Originally incorporated in 1994 as Mansukhlal Financial Services Limited and headquartered in Ahmedabad, the company transitioned from financial services to software and IT before adopting its current real estate focus with a name change to Popular Estate Management Limited in May 2008, followed by relisting on the Bombay Stock Exchange in February 2009; promoters from the Popular Group bring experience dating to 1965 in developing properties for prime residential localities. It primarily serves architects, consultants, and clients in India's construction and infrastructure segments with an emphasis on quality workmanship, timely completion, and value-added services. Recent financial reporting shows persistent operational challenges, including Q2 FY26 losses, zero net sales, and eroding shareholder funds as of March 2025, alongside stable promoter holdings at 66.81% with no pledging; the stock has experienced volatile trading, including lower circuit limits and gains over short periods in late 2025, but no major acquisitions, partnerships, funding rounds, or new project launches have been announced in the last 1-2 years.