September 13, 2024 - September 19, 2024

Popular Foundations IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Popular Foundations IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Popular Foundations IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Popular Foundations IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is in the construction business with related service offerings. It posted growth in top and bottom lines for the reported periods, but higher net for FY24 raises eyebrows. It is operating in a highly competitive and fragmented segment. This can be termed as “High Risk/Low Return” bet and may be skipped. Read detail review...

Popular Foundations IPO Peer Comparison

Popular Foundations Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Popular Foundations Limited	2.41	2.41	16.06	15.35	15.03	2.31	Standalone
Ncc Limited	10.06	10.06	108.51	31.9	9.62	2.96	Standalone
Hindustan Construction Co.ltd.	1.06	1.06	6.09	40.19	19.39	7.83	Standalone

Notes:

All the financial information for listed industry peers mentioned above is on a standalone basis and is sourced from the annual reports of the respective companies for the year ended March 31, 2024, unless provided otherwise.
All the financial information for listed industry peers mentioned above is sourced from the financial results of the aforesaid companies for the year ended March 31, 2024 and Stock Exchange data dated March 31, 2024, to compute the corresponding financial ratios. For Popular Foundations Limited, the company has taken the current market price as the Issue price of equity shares.
The P/E ratio is based on the current market price of the respective scrips.
The EPS, NAV, and RONW of the Company are taken as per the restated financial statement for the financial year 2023-24.
NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2024.
RONW has been computed as net profit after tax divided by closing Net Worth.
Net worth has been computed in the manner as specified in regulation 2(1)(hh) of SEBI (ICDR) regulations, 2018.

Popular Foundations IPO Review by Members

Popular Foundations IPO Reviews, analysis and views by popular members. Read Popular Foundations Limited IPO reviews by retail investors to find recommended ipo to buy.

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Popular Foundations IPO Review Summary by Members

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Count	0	0	0	0
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