---
title: "Popular Foundations Ltd (544259) — Share Price, Financials & Analysis"
symbol: "544259"
company: "Popular Foundations Ltd"
canonical: "https://tapetide.com/stocks/544259"
isin: "INE0PZB01013"
nse_symbol: "POPULARFOUNDATIONSLTD"
bse_code: "544259"
sector: "Construction"
industry: "Civil Construction"
market_cap_cr: 56.8
generated_at: "2026-09-13T18:28:07.922Z"
---

# Popular Foundations Ltd (544259)

Canonical page: https://tapetide.com/stocks/544259

## Company

- **NSE Symbol:** POPULARFOUNDATIONSLTD
- **BSE Code:** 544259
- **ISIN:** INE0PZB01013
- **Sector:** Construction
- **Industry:** Civil Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** grouppopular.com

## About

Incorporated in 1998, Popular Foundations Ltd is in the business of construction.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:49:20.983167Z.

- **Market Cap:** ₹56.8 Cr
- **Classification:** SME
- **P/E (reported):** 55.7
- **Book Value:** ₹21.29
- **Price to Book:** 1.31
- **Dividend Yield:** 0%
- **ROE:** 2.33%
- **ROCE:** 4.76%
- **Debt to Equity:** 0.33
- **Revenue (yearly):** ₹62.3 Cr
- **Net Income:** ₹1 Cr
- **EBITDA:** ₹2.7 Cr
- **52-Week High:** ₹36
- **52-Week Low:** ₹22.95
- **RSI (14):** 38.78

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 19.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 47.55 | 9% |
| growth | 43.3 | 9% |
| momentum | 55.17 | 12% |
| ownership | 50 | 24% |
| quality | 35.24 | 22% |
| valuation | 32.35 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 8.48% over last 3 years.
- Company has high debtors of 279 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 80.64% | 67.3% | — |
| ebitda margin growth | -64.89% | -65.76% | -56.25% |
| net income growth | -73.68% | -10% | 43% |
| revenue growth | 5.41% | 9% | 25% |
| roce | -68.64% | -76.41% | 12.27% |
| roe | -73.88% | 8.68% | -11.74% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 18.85 | 24 | 34.68 | 34.01 | 27.78 |
| Expenses | 15.32 | 19.77 | 31.88 | 32.16 | 27.35 |
| Operating Profit | 3.53 | 4.23 | 2.8 | 1.85 | 0.43 |
| OPM % | 18.73 | 17.62 | 8.07 | 5.44 | 1.55 |
| Other Income | 0.05 | 0.34 | 0.04 | 0.08 | 0.39 |
| Interest | 0.76 | 0.74 | 0.78 | 0.59 | 0.61 |
| Depreciation | 0.11 | 0.22 | 0.21 | 0.22 | 0.25 |
| Profit before tax | 2.71 | 3.61 | 1.85 | 1.12 | -0.04 |
| Tax % | 9.23 | 32.96 | 24.86 | 17.86 | -325 |
| Net Profit | 2.45 | 2.42 | 1.39 | 0.92 | 0.09 |
| EPS in Rs | 3.55 | 1.19 | 0.68 | 0.45 | 0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.28 | 25.89 | 47.1 | 51.82 | 58.68 | 61.79 |
| Expenses | 18.96 | 23.65 | 45.44 | 45.22 | 51.63 | 59.52 |
| Operating Profit | 1.32 | 2.24 | 1.66 | 6.6 | 7.05 | 2.27 |
| OPM % | 6.51 | 8.65 | 3.52 | 12.74 | 12.01 | 3.67 |
| Other Income | 0.43 | 0.41 | 1.57 | 0.09 | 0.37 | 0.47 |
| Interest | 1.79 | 1.97 | 1.55 | 1.45 | 1.52 | 1.19 |
| Depreciation | 0.25 | 0.3 | 0.33 | 0.28 | 0.43 | 0.48 |
| Profit before tax | -0.29 | 0.38 | 1.35 | 4.96 | 5.47 | 1.07 |
| Tax % | -24.14 | 5.26 | 11.85 | 30.24 | 30.35 | 5.61 |
| Net Profit | -0.21 | 0.36 | 1.2 | 3.46 | 3.81 | 1.01 |
| EPS in Rs | -21 | 36 | 120 | 2.31 | 1.87 | 0.5 |
| Dividend Payout % | 0 | 0 | 16.67 | 13.01 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 15.01 | 20.38 | 20.38 |
| Reserves | 12.47 | 12.84 | 13.84 | 8.42 | 22.32 | 23.01 |
| Borrowings | 14.44 | 18.36 | 17.54 | 15.78 | 11.36 | 14.13 |
| Other Liabilities | 13.72 | 17.09 | 16.27 | 23.77 | 19.29 | 26.93 |
| Total Liabilities | 41.63 | 49.29 | 48.65 | 62.98 | 73.35 | 84.45 |
| Fixed Assets | 5.5 | 7.15 | 7.03 | 3.98 | 4.23 | 4.95 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.05 | 0.05 | 0 | 0 | 0 | 0 |
| Other Assets | 36.08 | 42.09 | 41.62 | 59 | 69.12 | 79.5 |
| Total Assets | 41.63 | 49.29 | 48.65 | 62.98 | 73.35 | 84.45 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.88 | -0.13 | 2.73 | -6.3 | -10.64 | -2.06 |
| Cash from Investing Activity | -0.67 | -1.88 | -0.02 | 2.77 | -0.57 | -1.08 |
| Cash from Financing Activity | -0.02 | 1.94 | -2.57 | 3.51 | 11.38 | 2.77 |
| Net Cash Flow | 0.19 | -0.07 | 0.13 | -0.01 | 0.17 | -0.37 |
| Free Cash Flow | 0.51 | -2.08 | 2.54 | -3.53 | -11.2 | -3.14 |
| CFO/OP | 67 | -3 | 164 | -84 | -134 | -77 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 407.66 | 272.52 | 188.16 | 316.33 | 258.39 | 278.58 |
| Inventory Days | 216.9 | 377.34 | 85.74 | 61.26 | 375.1 | 346.62 |
| Days Payable | 251.3 | 281.91 | 87.03 | 174 | 300.8 | 370.19 |
| Cash Conversion Cycle | 373.25 | 367.95 | 186.87 | 203.59 | 332.68 | 255.01 |
| Working Capital Days | 260.43 | 244.18 | 130.11 | 188.63 | 254.84 | 250.93 |
| ROCE % | — | 7.75 | 8.83 | 17.91 | 14.92 | 3.84 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 83.36% | 61.39% | 61.39% | 61.39% | 61.39% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 35.53% | 36.27% | 35.31% | 34.99% |
| Others | 16.64% | 3.07% | 2.34% | 3.29% | 3.62% |
| No. of Shareholders | 79 | 1681 | 963 | 836 | 754 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 28.7 | Sell |
| EMA (10) | 28.44 | Sell |
| SMA (20) | 29.01 | Sell |
| EMA (20) | 28.94 | Sell |
| SMA (50) | 30.28 | Sell |
| EMA (50) | 29.39 | Sell |
| SMA (100) | 28.88 | Sell |
| EMA (100) | 29.47 | Sell |
| SMA (200) | 30.12 | Sell |
| EMA (200) | 29.84 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.88 | Neutral |
| MACD (12,26,9) | -0.56 | Sell |
| Stochastic (14,3,3) | 24.12 | Neutral |
| ADX (14) | 20.41 | Neutral |
| Williams %R (14) | -88.62 | Buy |
| ATR (14) | 0.88 | High Volatility |
| ROC (12) | -4.77 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 44.46 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76066a5a-54e8-439d-b805-8d0ad2640156.pdf) |
| 2026-08-24 | [Notice Of The Annual General Meeting To Be Held On 22Nd September 2026 By 11.00 Am](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63575c83-1577-4dce-b7da-518c99162503.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99ae1af0-60c3-4340-a570-aa09ae696ccd.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79b2f06e-4aa7-408b-b274-0a997705acb9.pdf) |
| 2026-06-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=094c76e6-6cbb-4a6c-ac66-439559528feb.pdf) |
| 2026-05-29 | [Notice Of Extra Ordinary General Meeting (EGM) To Be Held On 20.06.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d780486d-09f5-4e08-b252-3a20d109d140.pdf) |
| 2026-05-29 | [Deviation Or Variation In Utilisation Of The IPO Proceeds](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72226c91-ede3-466c-9cc9-c76d3c509e01.pdf) |
| 2026-05-29 | [Secretarial Audit Report 25-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=559263ea-8b71-4761-be78-659f805a8522.pdf) |
| 2026-05-28 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3fd76a37-e728-4a8a-a56f-41005f020507.pdf) |
| 2026-05-27 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 27Th May 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cefe36b0-7eba-4cfd-a571-e74039450c91.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 31 January 2026 - Reconciliation of Share Capital Audit for quarter ended 31 Dec 2025; no share capital changes. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 31 January 2026 - Reconciliation of Share Capital Audit for quarter ended 31 Dec 2025; no share capital changes.](https://nsearchives.nseindia.com/corporate/SAHASRA_31012026212421_Reconciliation_31122025-.pdf) |
| 26 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited FY2025-26 results; board date pending. | [Closure of Trading Window 26 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited FY2025-26 results; board date pending.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55501311-2654-4cc1-8706-1d5c3a237bdc.pdf) |
| 25 February 2026 - Dinesh Kumar appointed CFO of Sahasra Semiconductors w.e.f. 23 Feb 2026; Sanjay Gupta resigned effective 12 Feb 2026. | [Updates 25 February 2026 - Dinesh Kumar appointed CFO of Sahasra Semiconductors w.e.f. 23 Feb 2026; Sanjay Gupta resigned effective 12 Feb 2026.](https://nsearchives.nseindia.com/corporate/SAHASRA_25022026171350_Announcement_CFO_app.pdf) |
| 23 Mar - Resignation of Independent Director D H Gopalakrishnan; appointed Umaa Sharvani and N. Chellappa (CFO) effective 23 Mar 2026. | [Board Meeting Outcome for Change In Management Re-Constitution Of The Committees 23 Mar - Resignation of Independent Director D H Gopalakrishnan; appointed Umaa Sharvani and N. Chellappa (CFO) effective 23 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c037c00-a2d8-4d71-8ca0-6920953ab112.pdf) |
| 23 Mar - Adopted Dividend Distribution Policy under Reg 43A; available on company website; approved 23-03-2026. | [Disclosure under Regulation 30A of LODR 23 Mar - Adopted Dividend Distribution Policy under Reg 43A; available on company website; approved 23-03-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8a59c41-70d6-47e4-a216-de7f6f18374c.pdf) |
| 23 Mar - 23 Mar 2026: Independent director resigned; Umaa Sharvani appointed; N. Chellappa appointed CFO; committees reconstituted. | [Announcement under Regulation 30 (LODR)-Change in Management 23 Mar - 23 Mar 2026: Independent director resigned; Umaa Sharvani appointed; N. Chellappa appointed CFO; committees reconstituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86542f2e-bead-4ca5-a548-11500cce6429.pdf) |
| 22 Apr - Board meeting on 27 May 2026 to approve audited financial results for FY ended 31 March 2026. | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 27Th May 2026 To Adopt Audited Financials 22 Apr - Board meeting on 27 May 2026 to approve audited financial results for FY ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/440e6756-25f5-4059-96fa-127e448feff7.pdf) |
| 21 Oct 2025 - Board meeting on 10 Nov 2025 to approve unaudited H1 results ended 30.09.2025. | [Board Meeting Intimation for Intimation For Board Meeting To Consider Unaudited Financials Of HY Ended 30/09/2025, Limited Review Report Issued By The Auditor & Any Other Matter 21 Oct 2025 - Board meeting on 10 Nov 2025 to approve unaudited H1 results ended 30.09.2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9bd10020-3137-44b6-8569-4826a824523b.pdf) |
| 20 February 2026 - 20 Feb 2026 MoU: Sahasra to manufacture AI face-detecting USB authentication tokens and readers with Biometrik. | [Updates 20 February 2026 - 20 Feb 2026 MoU: Sahasra to manufacture AI face-detecting USB authentication tokens and readers with Biometrik.](https://nsearchives.nseindia.com/corporate/SAHASRA_20022026235049_PR-20022026.pdf) |
| 2 March 2026 - Sahasra Electronic Solutions Limited has informed regarding 'subsidiary of the Company M/s Sahasra Semiconductors Private Limited (SSPL) has received a partial disbursement of the SPECS … | [Updates 2 March 2026 - Sahasra Electronic Solutions Limited has informed regarding 'subsidiary of the Company M/s Sahasra Semiconductors Private Limited (SSPL) has received a partial disbursement of the SPECS …](https://nsearchives.nseindia.com/corporate/SAHASRA_02032026223715_Sanction_of_Subsidy_SPECS_Scheme-.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2025-11-10 | [Results- Half Year Ended 30/09/2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=456ac9e7-515a-4114-9b59-cb84491f1e0d.pdf) |
| 2025-05-30 | [Financials Results For Mar 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6059a094-ed7a-4f94-9c44-2c6c6cfce33b.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SAHASRA_21112025114007_Transcript_concall.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SAHASRA_29112024145500_Transcript_Conference_call_27112024.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/SAHASRA_02062025110927_Transcript_30052025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29108_SAHASRA_2024_2025_A_20764674_17092025110305.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad5116c3-e96d-4c7f-a960-feb7aecd28af.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:28:07.922Z.