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Popular Estate Mgmt. Overview

1. Business Overview

Popular Estate Management Ltd. operates in the Construction - Real Estate sector in India. As a real estate company, its core business likely involves various activities related to property development and management. This typically includes acquiring land, planning and designing real estate projects (residential, commercial, or mixed-use), executing construction, marketing and sales of developed properties, and potentially managing these properties post-completion. The company generates revenue primarily through the sale of developed real estate assets, and potentially through rental income from leased properties or fees for property management services.

2. Key Segments / Revenue Mix

Specific information on key business segments and their revenue contribution for Popular Estate Management Ltd. is not available. However, typical segments within the real estate sector include:

Residential Development: Sale of apartments, villas, and plotted developments.

Commercial Development: Sale or lease of office spaces, retail outlets, and other commercial properties.

Property Management: Services for managing completed properties, including maintenance, leasing, and facility management.

Without further data, the exact revenue mix remains undisclosed, but a significant portion would likely stem from property sales.

3. Industry & Positioning

The Indian real estate industry is large, diverse, and largely fragmented, characterized by numerous regional and national players. It is highly cyclical, influenced by economic growth, interest rates, and government policies. The industry includes large, established developers with national presence and significant land banks, as well as a multitude of smaller, regional players. Without specific financial data or project details, Popular Estate Management Ltd. is likely a regional or smaller-scale player given its name and the general landscape of the Indian real estate market. Its positioning would depend on its project pipeline, geographical focus, target clientele, and execution capabilities relative to its peers.

4. Competitive Advantage (Moat)

Based on the limited information, it is difficult to identify strong, durable competitive advantages (moats) for Popular Estate Management Ltd. In the real estate sector, potential moats include:

Brand Reputation: A strong brand built on timely delivery and quality construction.

Land Bank: Strategic acquisition of prime land parcels at competitive prices.

Execution Capability: Efficient project management, construction quality, and timely delivery.

Local Market Knowledge: Deep understanding of specific micro-markets.

Financial Strength: Access to capital at favorable terms.

Given the general nature of the information, it is not discernible if Popular Estate Management Ltd. possesses any significant, enduring moats that would offer a sustainable competitive edge against its numerous competitors.

5. Growth Drivers

Key factors that can drive growth for Popular Estate Management Ltd. over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to urban centers drives demand for housing and commercial spaces.

Rising Disposable Incomes: Increasing affluence among the middle and upper-middle classes fuels housing demand.

Favorable Government Policies: Initiatives like 'Housing for All,' infrastructure development, and reforms (e.g., RERA) can stimulate the sector.

Access to Financing: Availability of affordable home loans and developer financing.

Infrastructure Development: New roads, metro lines, and amenities enhance property values and open up new development corridors.

6. Risks

Popular Estate Management Ltd. faces several business risks common to the real estate sector:

Cyclicality: The real estate market is highly sensitive to economic downturns, interest rate hikes, and sentiment shifts, leading to fluctuations in demand and property prices.

Regulatory & Policy Changes: Frequent changes in government regulations (e.g., land acquisition policies, environmental clearances, RERA implementation) can impact project timelines and profitability.

Funding & Liquidity Risk: Real estate projects are capital-intensive, requiring significant upfront investment. Delays in sales or access to financing can lead to liquidity issues.

Project Execution Risk: Delays in construction, cost overruns, and quality control issues can harm reputation and profitability.

Competition: Intense competition from numerous developers can lead to pricing pressures and difficulty in sales.

Interest Rate Fluctuations: Higher interest rates can reduce affordability for buyers and increase borrowing costs for developers.

7. Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Popular Estate Management Ltd. are not provided. In the Indian real estate context, the quality and experience of the promoter group and the management team are crucial, given the capital-intensive nature and regulatory complexities of the business. Strong corporate governance and transparent practices are vital for investor confidence and successful project execution. The ownership structure typically involves a significant stake held by the promoter family or group, along with public shareholders.

8. Outlook

The outlook for Popular Estate Management Ltd. is intertwined with the broader Indian real estate market dynamics. On one hand, underlying demand drivers such as urbanization, population growth, and rising incomes provide a structural tailwind for the sector. Government focus on infrastructure and housing could also create opportunities.

However, the company operates in a highly competitive and capital-intensive industry susceptible to economic cycles, regulatory changes, and financing challenges. Without specific details on its land bank, project pipeline, financial health, or execution track record, assessing its individual prospects is challenging. Its ability to secure prime land, execute projects efficiently, manage financing effectively, and adapt to market shifts will be crucial for sustained growth and profitability. The industry generally favors well-capitalized players with strong brands and diversified portfolios, making it potentially difficult for smaller or less-established firms to carve out significant market share without specific competitive advantages.

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Popular Estate Mgmt. Key Financials

Market Cap ₹24 Cr.

Stock P/E -68

P/B 0.6

Current Price ₹17.2

Book Value ₹ 30.1

Face Value 10

52W High ₹28.2

Dividend Yield 0%

52W Low ₹ 12.6

Popular Estate Mgmt. Share Price

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Volume
Price

Popular Estate Mgmt. Quarterly Price

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Popular Estate Mgmt. Peer Comparison

Popular Estate Mgmt. Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 -0 -0 0 -0 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 -0 0 0 0 0
Profit Before Tax -0 -0 -0 -0 -0 0 -0 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 -0 0 -0 -0 -0 -0
Adjustments 0 -0 -0 0 0 -0 0 0 0 0
Profit After Adjustments -0 -0 -0 -0 -0 0 -0 -0 -0 -0
Adjusted Earnings Per Share -0.1 -0.1 -0.1 -0.2 -0.1 0.1 -0.1 -0.1 -0 -0.1

Popular Estate Mgmt. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 0 0 10 0 0 0 0 0 0 0
Other Income 0 3 1 0 0 0 0 0 0 0 0 0
Total Income 0 3 1 0 11 0 0 0 0 0 0 0
Total Expenditure 1 1 1 1 8 1 1 0 1 0 1 0
Operating Profit -1 2 -0 -1 3 -1 -0 -0 -1 -0 -0 0
Interest 0 0 0 0 1 0 0 0 0 0 0 0
Depreciation 1 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 20 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 19 1 -1 -2 1 -2 -1 -1 -1 -1 -0 0
Provision for Tax -0 0 -0 0 0 -0 -0 0 0 0 0 0
Profit After Tax 19 1 -1 -2 1 -1 -1 -1 -1 -1 -0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 19 1 -1 -2 1 -1 -1 -1 -1 -1 -0 0
Adjusted Earnings Per Share 13.5 0.8 -0.5 -1.3 1 -0.9 -0.5 -0.7 -0.6 -0.5 -0.3 -0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% -100%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% 22% 23% -13%
ROE Average -1% -1% -2% 4%
ROCE Average -1% -1% -1% 4%

Popular Estate Mgmt. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 47 48 48 46 47 46 45 44 43 43 42
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 12 7 6 6 7 8 8 8
Other Non-Current Liabilities 0 0 1 1 1 -0 -1 -0 -0 -0 -0
Total Current Liabilities 0 0 0 0 0 1 1 0 0 0 0
Total Liabilities 48 49 49 59 55 52 52 52 51 51 50
Fixed Assets 2 1 1 1 1 2 2 2 1 1 0
Other Non-Current Assets 4 3 4 2 2 1 1 1 1 1 1
Total Current Assets 42 44 43 56 52 49 49 49 49 49 49
Total Assets 48 49 49 59 55 52 52 52 51 51 50

Popular Estate Mgmt. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 20 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 10 -23 -2 -14 6 3 -0 -1 -1 -0 -0
Cash Flow from Investing Activities 10 3 2 2 1 -1 0 0 0 0 0
Cash Flow from Financing Activities 0 -0 -0 12 -7 -1 0 1 0 0 -0
Net Cash Inflow / Outflow 20 -20 -0 -0 0 0 -0 -0 0 -0 -0
Closing Cash & Cash Equivalent 20 0 0 0 0 0 0 0 0 0 0

Popular Estate Mgmt. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 13.51 0.8 -0.48 -1.28 1 -0.86 -0.55 -0.7 -0.64 -0.49 -0.25
CEPS(Rs) 13.88 1.08 -0.31 -1.14 1.19 -0.67 -0.3 -0.45 -0.45 -0.36 -0.13
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 33.75 34.55 34.07 32.8 33.79 32.94 32.39 31.68 31.04 30.56 30.3
Core EBITDA Margin(%) 0 0 0 0 26.44 0 0 0 0 0 0
EBIT Margin(%) 0 0 0 0 24.73 0 0 0 0 0 0
Pre Tax Margin(%) 0 0 0 0 13.72 0 0 0 0 0 0
PAT Margin (%) 0 0 0 0 13.36 0 0 0 0 0 0
Cash Profit Margin (%) 0 0 0 0 15.89 0 0 0 0 0 0
ROA(%) 49.07 2.3 -1.37 -3.32 2.44 -2.23 -1.48 -1.9 -1.75 -1.34 -0.7
ROE(%) 50.05 2.33 -1.39 -3.82 3 -2.57 -1.68 -2.2 -2.04 -1.58 -0.83
ROCE(%) 49.5 2.96 -1.49 -2.55 4.61 -2.15 -1.53 -1.32 -1.71 -1.34 -0.7
Receivable days 0 0 0 0 121.67 0 0 0 0 0 0
Inventory Days 0 0 0 0 296.68 0 0 0 0 0 0
Payable days 0 0 0 0 1.33 0 0 0 0 0 0
PER(x) 0.91 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.36 0 0.36 0 0 0 0.23 0 0 0.75 0.66
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 0 1.99 0 0 0 0 0 0
EV/Core EBITDA(x) 4.23 7.85 -35.95 -22.72 7.29 -22.93 -38.08 -63.36 -35.13 -80.14 -192.03
Net Sales Growth(%) -100 0 0 0 0 -100 0 0 0 0 0
EBIT Growth(%) 944.46 -92.45 -150.45 -88.01 291.36 -144.3 30.03 14.44 -27.87 22.4 47.83
PAT Growth(%) 1253.53 -94.11 -160.01 -167.4 178.14 -185.78 35.87 -28.1 8.85 24.19 47.81
EPS Growth(%) 1253.59 -94.11 -160.01 -167.42 178.14 -185.78 35.87 -28.11 8.84 24.19 47.82
Debt/Equity(x) 0.01 0.01 0 0.27 0.14 0.14 0.16 0.17 0.17 0.19 0.19
Current Ratio(x) 94.82 135.5 442.08 138.59 293.24 80.32 59.65 179.9 138.19 105.06 516.02
Quick Ratio(x) 67.9 98.66 319.9 108.77 265.06 72.08 53.54 162.26 124.05 94.31 463.2
Interest Cover(x) 666.52 36.15 -32.61 -6.08 2.25 -2.42 -3.44 -7.69 -42.15 0 -2589.05
Total Debt/Mcap(x) 0.02 0 0 0 0 0 0.69 0 0 0.25 0.28

Popular Estate Mgmt. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.82 66.82 66.82 66.82 66.82 66.81 66.81 66.81 66.81 66.81
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 33.18 33.18 33.18 33.18 33.18 33.19 33.19 33.19 33.19 33.19
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Popular Estate Mgmt. News

Popular Estate Mgmt. Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -1% over the last 3 years.
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