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Kalpataru Projects Overview

Kalpataru Power Transmission Ltd (KPTL) is an engineering, procurement, and construction (EPC) contracting employer. The Company is engaged inside the enterprise of power transmission and infrastructure EPC space executing projects that deliver solutions masking designing, manufacturing, fabrication, erection, testing and construction of transmission strains, oil and gas infrastructure, and railways tasks. It additionally engaged in High voltage substation commercial enterprise each in air-insulated (AIS) and gas-insulated (GIS) segments in hom...Read More

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Kalpataru Projects Key Financials

Market Cap ₹21034 Cr.

Stock P/E 37.1

P/B 3

Current Price ₹1231.7

Book Value ₹ 416.4

Face Value 2

52W High ₹1335.7

Dividend Yield 0.73%

52W Low ₹ 890.1

Kalpataru Projects Share Price

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Volume
Price

Kalpataru Projects Quarterly Price

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Kalpataru Projects Peer Comparison

Kalpataru Projects Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 4518 4896 5971 4587 4930 5732 7067 6171 6529 6665
Other Income 12 14 20 22 17 10 13 16 23 28
Total Income 4530 4910 5991 4609 4947 5743 7080 6188 6552 6694
Total Expenditure 4148 4473 5519 4208 4492 5253 6529 5646 5967 6152
Operating Profit 383 437 472 401 455 489 551 541 585 541
Interest 137 124 142 144 150 164 118 122 137 137
Depreciation 113 121 119 119 117 123 138 129 126 128
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -29
Profit Before Tax 132 193 211 137 188 202 296 290 322 247
Provision for Tax 43 49 42 53 62 62 78 77 84 98
Profit After Tax 90 144 169 84 126 140 218 214 237 149
Adjustments -1 -3 -4 9 -0 2 7 0 3 3
Profit After Adjustments 89 141 164 93 126 142 225 214 240 152
Adjusted Earnings Per Share 5.6 8.7 10.1 5.7 7.7 8.3 13.2 12.5 14.1 8.9

Kalpataru Projects 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 7198 7185 7512 8704 10840 12676 12949 14777 16361 19626 22316 26432
Other Income 25 42 35 36 48 101 86 152 91 66 76 80
Total Income 7223 7227 7548 8741 10888 12777 13035 14929 16452 19693 22392 26514
Total Expenditure 6458 6371 6570 7595 9411 11167 11356 13525 14889 17814 20298 24294
Operating Profit 765 856 977 1145 1477 1610 1679 1404 1564 1878 2094 2218
Interest 373 462 471 476 486 603 538 522 621 704 774 514
Depreciation 168 186 181 192 211 340 373 351 392 473 497 521
Exceptional Income / Expenses 0 0 0 0 0 4 210 185 91 0 0 -29
Profit Before Tax 224 171 295 461 761 648 945 696 642 701 823 1155
Provision for Tax 109 95 138 183 274 258 283 161 207 185 256 337
Profit After Tax 115 76 157 278 487 390 662 535 435 516 567 818
Adjustments 5 34 29 2 -20 0 9 5 6 -6 18 13
Profit After Adjustments 120 110 186 281 467 390 671 540 441 510 586 831
Adjusted Earnings Per Share 7.8 7.2 12.2 18.3 30.4 25.2 45.1 36.3 27.1 31.4 34.3 48.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 15% 12% 12%
Operating Profit CAGR 12% 14% 5% 11%
PAT CAGR 10% 2% 8% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 32% 33% 29% 19%
ROE Average 10% 10% 12% 11%
ROCE Average 16% 16% 17% 16%

Kalpataru Projects 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 2217 2247 2422 2673 3119 3358 3739 4279 4721 5138 6513
Minority's Interest 142 154 151 146 161 137 120 139 -27 -25 -44
Borrowings 2473 1998 1992 2373 1918 1797 1607 1553 1215 1448 1467
Other Non-Current Liabilities 401 692 854 1043 1169 1230 1415 1509 894 502 434
Total Current Liabilities 3718 4314 4692 6018 6693 8333 8343 9534 12135 14378 16613
Total Liabilities 8951 9405 10111 12255 14008 15661 15224 17013 19402 21850 25314
Fixed Assets 3204 3081 3060 3061 3140 3444 3472 3558 3124 3073 3252
Other Non-Current Assets 721 727 740 1252 262 419 431 542 527 498 552
Total Current Assets 5013 5584 6304 7926 9202 10493 10945 12397 14729 17260 20487
Total Assets 8951 9405 10111 12255 14008 15661 15224 17013 19402 21850 25314

Kalpataru Projects 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 103 162 153 246 263 244 509 538 1062 958 1010
Cash Flow from Operating Activities 72 1104 766 650 1035 937 931 714 656 843 914
Cash Flow from Investing Activities -607 -386 -233 -700 -836 -747 8 -255 -326 -263 -719
Cash Flow from Financing Activities 550 -726 -439 66 -219 40 -897 25 -438 -524 400
Net Cash Inflow / Outflow 15 -7 94 15 -19 230 42 484 -108 56 595
Closing Cash & Cash Equivalent 120 153 246 263 244 509 538 1062 958 1010 1605

Kalpataru Projects 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) 7.84 7.17 12.15 18.29 30.42 25.18 45.07 36.29 27.13 31.37 34.29
CEPS(Rs) 18.49 17.07 22.01 30.61 45.49 47.14 69.54 59.49 50.89 60.89 62.33
DPS(Rs) 1.5 1.5 2 2.5 3 3.5 10 6.5 7 8 9
Book NAV/Share(Rs) 143.52 146.42 157.83 174.21 203.29 217.09 251.07 287.35 290.59 316.28 381.34
Core EBITDA Margin(%) 10.18 11.16 12.35 12.69 13.18 11.9 12.31 8.48 9 9.23 9.04
EBIT Margin(%) 8.21 8.68 10.03 10.72 11.51 9.87 11.45 8.25 7.72 7.16 7.15
Pre Tax Margin(%) 3.08 2.35 3.86 5.27 7.02 5.11 7.3 4.71 3.92 3.57 3.69
PAT Margin (%) 1.59 1.04 2.06 3.18 4.49 3.07 5.11 3.62 2.66 2.63 2.54
Cash Profit Margin (%) 3.9 3.59 4.43 5.37 6.44 5.75 8 5.99 5.05 5.04 4.77
ROA(%) 1.36 0.83 1.61 2.49 3.71 2.63 4.29 3.32 2.39 2.5 2.41
ROE(%) 5.38 3.41 6.74 10.92 16.82 12.03 18.66 13.35 9.67 10.47 9.74
ROCE(%) 11.15 11.45 14.66 16.64 21.29 20.2 21.9 16.38 15.41 16.1 16.17
Receivable days 102.42 128.96 151.12 153.42 137.52 127.12 135.76 118.51 109.65 102.81 111.4
Inventory Days 61.43 52.52 43.38 40.18 35.5 33.47 32.13 26.76 25.93 24.01 22.75
Payable days 197.69 223.79 234.67 244.33 236.61 218.86 259.59 220.76 239.76 239.31 264.65
PER(x) 28.06 28.55 26.51 26.32 15.44 7.21 8.36 10.1 19.72 33.98 28.42
Price/Book(x) 1.53 1.4 2.04 2.76 2.31 0.84 1.5 1.28 1.84 3.37 2.56
Dividend Yield(%) 0.68 0.73 0.62 0.52 0.64 1.93 2.65 1.77 1.31 0.75 0.92
EV/Net Sales(x) 0.96 0.82 1 1.2 0.88 0.44 0.63 0.54 0.69 1.03 0.85
EV/Core EBITDA(x) 9.05 6.89 7.71 9.1 6.48 3.45 4.87 5.68 7.24 10.75 9.11
Net Sales Growth(%) 1.52 -0.19 4.56 15.87 24.54 16.93 2.16 14.12 10.72 19.96 13.7
EBIT Growth(%) 20 6.08 14.27 22.45 33.12 0.28 16.39 -19.6 3.64 11.28 13.62
PAT Growth(%) -6.86 -34.32 39.95 76.91 75.05 -20.02 60.31 -22.93 -18.7 18.59 9.96
EPS Growth(%) -1.51 -8.6 69.49 50.53 66.3 -17.21 78.95 -19.48 -25.23 15.62 9.31
Debt/Equity(x) 1.67 1.3 1.18 1.24 0.84 0.98 0.84 0.87 0.78 0.76 0.64
Current Ratio(x) 1.35 1.29 1.34 1.32 1.37 1.26 1.31 1.3 1.21 1.2 1.23
Quick Ratio(x) 1.02 1.09 1.14 1.15 1.21 1.11 1.18 1.19 1.11 1.11 1.15
Interest Cover(x) 1.6 1.37 1.63 1.97 2.57 2.07 2.76 2.33 2.03 2 2.06
Total Debt/Mcap(x) 1.09 0.93 0.58 0.45 0.36 1.17 0.56 0.68 0.42 0.23 0.25

Kalpataru Projects Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 40.59 40.59 35.24 35.24 33.52 33.52 33.52 33.57 33.57 33.58
FII 7.69 8.17 10.06 10.71 12.41 11.6 11.83 11.98 11.73 10.92
DII 43.81 43.64 45.6 45.93 45.85 45.04 44.81 44.1 43.9 45.11
Public 7.9 7.6 9.1 8.13 8.23 9.85 9.84 10.36 10.8 10.39
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Kalpataru Projects News

Kalpataru Projects Pros & Cons

Pros

Cons

  • Promoter holding is low: 33.58%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 239.31 to 264.65days.
  • The company has delivered a poor profit growth of 7% over past five years.
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