BSE: 544259
POPULAR FOUNDATIONS LIMITED
Earns revenue from civil construction contracts, primarily in and around Chennai. FY26 revenue from operations stood at Rs. 61.79 crore, up 5.3% from Rs. 58.68 crore in FY25, while profit after tax fell 73.5% to Rs. 1.01 crore from Rs. 3.81 crore due to input cost escalation, stiff competition and delayed collections. The order book includes two recent domestic contracts — a Service Block for DLF Downtown, Taramani (to be executed over 10 months), and the 'Voora Tech Edge' tech park (to be completed in 13 months). Materials and construction inputs account for 85.9% of revenue, employee costs 9.3%, and other operating expenses 5.2%. Trade receivables rose to Rs. 4,716.40 lakhs from Rs. 4,153.64 lakhs, contributing to negative operating cash flow in FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Civil construction contracts. Cyclical, working-capital-intensive civil construction
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 59 | 62 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 1.87 | 0.50 |
| ROE % · ROCE % | — · 15.2 | — · 4.8 |
| Debt / equity (x) | — | — |
| Cash from operations | (11) | (2) |
| Capex | (1) | (1) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 24 | 35 | 34 | 28 |
| Profit before tax | 4 | 2 | 1 | (0) |
| Net profit | — | — | — | — |
| EPS (₹) | 1.19 | 0.68 | 0.45 | 0.04 |
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. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,04,226 | 30.4 | 3.92 | 18.4 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 37,739 | 42.0 | 3.84 | 27.2 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 22,629 | 19.9 | 2.93 | 10.3 | 13.3 | 15.0 | 16.0 | 10.0 |
| CEMINDIA PROJECTS LIMITED | 20,566 | 34.2 | 8.57 | 17.5 | 24.9 | 31.7 | 29.8 | 10.5 |
| IRB INFRA DEV LTD. | 19,228 | 14.7 | 0.92 | 9.4 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 19,035 | 25.7 | 5.92 | 15.5 | 23.1 | 29.7 | 13.5 | 9.6 |
| ENGINEERS INDIA LTD | 14,062 | 17.9 | 4.47 | 15.7 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 9,758 | 22.6 | 2.35 | 16.0 | 11.4 | 12.4 | 29.6 | 20.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.0 | 13.5 | 39 of 101 | 62% |
| ROCE | 2.3 | 10.0 | 82 of 107 | 24% |
| Market cap | 53 | 465 | 85 of 107 | 21% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Reg 74(5) Certificate for Q2 FY27 filed with BSE | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closure from Oct 1 till H1 FY26 results declaration | compliance | minimal | — | — |
| 23 Sept 2026 · 28th AGM results: Both resolutions passed with near-unanimous support | compliance | minimal | — | — |
| 22 Sept 2026 · New construction order worth Rs 18.15 Cr from Rajalakshmi Institute of Technology | business updates | high | — | — |
| 31 Aug 2026 · Popular Foundations publishes 28th AGM notice in newspapers | compliance | minimal | — | — |
| 24 Aug 2026 · FY2026 income rises 5.4%, but profit falls 73.5% | results | medium | — | — |
| 24 Aug 2026 · 28th AGM notice - meeting on 22 Sept 2026 at 11 AM via video conferencing | board shareholder meetings | low | — | — |
| 20 Aug 2026 · New order worth Rs 19.82 Cr from SASTRA University for convention centre | business updates | high | — | — |
| 4 Jun 2026 · Publication of the notice regarding Extra-ordinary General Meeting to be held on 20th June 2026 & E-Voting | compliance | minimal | — | — |
| 29 May 2026 · Notice of EGM to be held on 20.06.2026 | management changes | medium | — | — |
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.