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 · consolidated | 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 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Profit before tax | (0) | (0) | (0) | (0) | 0 | (0) | (0) | 0 |
| Net profit | (0) | (0) | (0) | (0) | 0 | (0) | (0) | 0 |
| EPS (₹) | (0.00) | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.26 |
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. | 38,138 | 41.8 | 6.69 | 27.6 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,358 | 74.0 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,067 | 18.6 | 1.52 | 12.2 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,726 | 29.5 | 2.46 | 14.3 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,643 | 57.3 | 3.67 | 20.8 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,821 | 37.8 | 5.77 | 24.5 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 4,994 | 59.3 | 5.80 | 38.4 | 8.1 | 9.0 | 6.1 | 8.7 |
| FILATEX INDIA LTD | 4,557 | 23.9 | 3.03 | 12.5 | 12.2 | 13.8 | — | 7.6 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 448.5 | 14.9 | 205 of 209 | 2% |
| P/B | 18.0 | 1.3 | 180 of 185 | 3% |
| ROCE | 1.3 | 4.2 | 150 of 227 | 34% |
| ROE | 1.3 | 4.8 | 147 of 214 | 32% |
| Debt / Equity | 0.0 | 0.3 | 54 of 214 | 75% |
| EBITDA margin | 8.6 | 9.8 | 114 of 198 | 43% |
| Profit growth | 454.3 | 20.0 | 18 of 203 | 92% |
| Market cap | 126 | 64 | 83 of 226 | 64% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Jun 2026 · Trading window closed from 1 July for Q1 FY26 results | compliance | minimal | — | — |
| 25 Jun 2026 · Popees Baby Care explains delay in filing FY26 audited results | compliance | minimal | — | — |
| 5 Jun 2026 · Submission of Audited Standalone Financial Results for the quarter ended and financial year ended on 31.03.2026 | results | high | — | — |
| 5 Jun 2026 · Submission of Board outcome with regards to the Audited Standalone Financial Results for the Quarter and Financial Year Ended 31st March, 2026 | results | high | — | — |
| 30 May 2026 · Non-Applicability of Disclosure under Regulation 23(9) of the SEBI (LODR) Regulations, 2015 for the half year ended March 31,2026 | compliance | minimal | — | — |
| 27 May 2026 · Hari Govind International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve 1. The Audited Financial .... | results | low | — | — |
| 16 May 2026 · The Board of Directors of the Company at its meeting held on May 16, 2026 has, inter alia, considered and approved the proposed preferential issue of securities by way of share swap arrangment .... | fund raising | high | — | — |
| 16 May 2026 · The Board of Directors of the Company at its meeting held on May 16, 2026, inter alia considered and approved the proposed strategic acquisition / share swap arrangement involving Popees .... | strategic transactions | medium | — | — |
| 13 May 2026 · Hari Govind International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2026 ,inter alia, to consider and approve proposal for issuance .... | fund raising | medium | — | — |
| 30 Apr 2026 · Submission of Non Applicability letter. | compliance | minimal | — | — |
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.