BSE: 531971
POPEES BABY CARE INDIA LIMITED
Operates in the baby care segment and plans a Pan-India rollout of Exclusive Brand Outlets under the 'Popees' brand. The company is classified by the exchange under Textiles & Apparels, specifically Other Textile Products, indicating a product mix centred on baby apparel and textile items. Revenue from operations in FY26 stood at ₹2.6034 crore, up from nil in FY25 and reflecting the start of business activity under the new identity. Total expenses for the year were ₹251.02 lakhs, leaving a profit before tax of ₹9.32 lakhs versus a loss of ₹9.40 lakhs in FY25, although operating cash flow remained negative at ₹(343) lakhs. Total assets stood at ₹7.57 crore, supported by a ₹353 lakh infusion into share capital during the year (share capital rose to ₹853 lakhs from ₹500 lakhs). The board has approved a strategic acquisition of Popees Baby Care Products Ltd (PBCPL) via a share-swap arrangement at an indicative 1.3:1 ratio, consolidating the related baby-care business. Other operating expenses accounted for 5.5% of revenue in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Baby care products, Exclusive Brand Outlets (EBOs). Newly active, small-cap BSE-listed entity pivoting into baby care retail
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 3 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | 0 |
| margin % | — | — | — | — | 3.6 |
| Owners' profit | (0) | (0) | (0) | (0) | 0 |
| EPS, as reported (₹) | (0.01) | (0.02) | 0.00 | 0.00 | 0.11 |
| ROE % · ROCE % | (1.7) · (1.3) | (3.1) · (2.1) | (2.9) · (1.9) | (2.6) · (2.3) | 1.3 · 1.3 |
| Debt / equity (x) | 0.15 | 0.37 | 0.40 | 0.01 | 0.01 |
| Cash from operations | (0) | (0) | (0) | (1) | (3) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 16 |
| Profit before tax | (0) | (0) | (0) | 0 | (0) | (0) | 0 | 1 |
| Net profit | (0) | (0) | (0) | 0 | (0) | (0) | 0 | 1 |
| EPS (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | (0.03) | 0.26 | 0.18 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 39,922 | 38.4 | 6.42 | 31.9 | 9.7 | 12.8 | 13.5 | 25.7 |
| WELSPUN LIVING LIMITED | 22,824 | 52.1 | 4.49 | 30.9 | 6.5 | 6.1 | 5.1 | 11.9 |
| VARDHMAN TEXTILES LIMITED | 14,767 | 14.3 | 1.33 | 13.4 | 6.0 | 6.8 | 10.0 | 19.6 |
| TRIDENT LIMITED | 12,205 | 25.5 | 2.50 | 16.0 | 6.8 | 7.4 | 8.1 | 18.2 |
| INDO COUNT INDUSTRIES LTD | 9,784 | 40.1 | 3.84 | 27.4 | 7.7 | 8.0 | 10.5 | 13.9 |
| GARWARE TECH FIBRES LTD | 7,001 | 29.9 | 4.98 | 24.5 | 8.8 | 10.8 | 8.1 | 17.3 |
| SANATHAN TEXTILES LIMITED | 4,725 | 77.9 | 2.52 | 21.8 | 4.1 | 3.5 | — | 8.1 |
| ALOK INDUSTRIES LIMITED | 4,181 | — | — | 1050.9 | 1.6 | (9.7) | (0.7) | 3.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 224.4 | 15.0 | 172 of 178 | 3% |
| P/B | 12.3 | 1.1 | 175 of 181 | 3% |
| ROCE | 1.3 | 4.1 | 134 of 196 | 32% |
| ROE | 1.3 | 4.1 | 128 of 177 | 28% |
| Debt / Equity | 0.0 | 0.4 | 26 of 185 | 86% |
| EBITDA margin | 4.0 | 6.9 | 136 of 208 | 35% |
| Market cap | 86 | 65 | 100 of 222 | 55% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Share swap: preferential issue of shares and convertible warrants | fund raising | high | — | — |
| 24 Oct 2026 · Share-swap preferential issue and convertible warrants approved | fund raising | high | — | — |
| 24 Oct 2026 · Board clears share-swap issue of shares and convertible warrants | fund raising | high | — | — |
| 21 Oct 2026 · Board to revise share swap issue and extend shareholder meeting date | fund raising | high | — | — |
| 15 Oct 2026 · RTA certificate filed for quarter ended September 2026 | compliance | minimal | — | — |
| 13 Oct 2026 · Two promoters seek reclassification to Public category | ownership changes | medium | — | — |
| 9 Oct 2026 · Board approves acquisition of Popees Baby Care Products via share swap | corporate actions | medium | — | — |
| 9 Oct 2026 · Popees Baby Care India to acquire 99.31% of PBCPL via share swap | strategic transactions | medium | — | — |
| 9 Oct 2026 · Board approves 99.31 percent acquisition of Popees Baby Care Products via share swap | compliance | minimal | — | — |
| 8 Oct 2026 · Board approves share swap to acquire Popees Baby Care Products via preferential issue | fund raising | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.