Kolte-Patil Develop.

₹493 -1.5 | 0.3%

WEBSITE BSE:532924 NSE : KOLTEPATIL 10 May, 16:01

Market Cap ₹3747 Cr.

Stock P/E 50.2

P/B 3.8

Current Price ₹493

Book Value ₹ 128.8

Face Value 10

52W High ₹584

Dividend Yield 0.81%

52W Low ₹ 266.1

Edit Ratio

Kolte-Patil Develop. Research see more...

Overview Inc. Year: 1991Industry: Construction - Real Estate

Kolte-Patil Developers Ltd is a real estate agency. The Company is usually engaged in business of construction of residential, commercial; IT Parks along with renting of immovable properties and providing project management services for managing and growing real estate initiatives. The Company has evolved and constructed about 50 projects, inclusive of residential complexes, commercial complexes and IT parks covering a saleable place of over 12 million sq ft throughout Pune and Bengaluru. The Company markets its properties through 2 brands: Kolte-Patil, which addresses the mid-earnings segment and 24-K, which addresses the luxury segment. It has performed tasks in more than one segments, together with standalone residential buildings and integrated townships. Its projects include Tuscan Estate, 24K Glitterati, 24K Allura, Floriana Estates, City Centre, City Bay, City tower, Commerspace, Ispace, Giga Retail, Shopper's Orbit, City Mall and Bizzbay.

Kolte-Patil Develop. Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Kolte-Patil Develop. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	304	240	376	200	123	368	797	571	198	76
Other Income	6	4	5	4	14	6	7	7	7	8
Total Income	309	245	381	204	138	374	804	579	205	84
Total Expenditure	251	210	336	153	129	394	624	480	207	112
Operating Profit	58	35	45	51	9	-19	181	99	-2	-29
Interest	12	12	9	8	11	14	6	37	9	31
Depreciation	3	3	3	3	3	3	3	3	3	4
Exceptional Income / Expenses	0	-9	2	0	0	0	0	0	0	0
Profit Before Tax	44	12	36	40	-6	-37	172	59	-15	-64
Provision for Tax	23	6	7	14	1	-10	51	10	9	-4
Profit After Tax	20	6	29	26	-6	-27	121	49	-24	-60
Adjustments	-3	-0	-2	-5	-2	1	-4	-3	-1	-3
Profit After Adjustments	18	5	27	21	-9	-26	117	46	-25	-63
Adjusted Earnings Per Share	2.3	0.7	3.5	2.8	-1.2	-3.4	15.4	6	-3.3	-8.3

Kolte-Patil Develop. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	727	764	697	754	964	1403	866	1130	692	1117	1488	1642
Other Income	37	15	12	17	10	14	11	47	17	19	33	29
Total Income	764	779	708	770	974	1417	877	1176	708	1137	1521	1672
Total Expenditure	535	543	492	541	717	1100	619	896	629	931	1299	1423
Operating Profit	229	236	216	230	257	317	258	281	79	205	222	249
Interest	36	46	44	99	94	99	92	80	70	50	41	83
Depreciation	6	7	10	15	15	15	15	17	12	10	12	13
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	186	183	162	116	147	203	151	184	-3	145	170	152
Provision for Tax	62	66	60	53	62	49	52	84	1	51	56	66
Profit After Tax	124	117	102	62	85	154	99	100	-4	93	113	86
Adjustments	-16	-25	-37	-3	2	-32	-24	-27	-2	-14	-11	-11
Profit After Adjustments	107	92	65	59	87	121	75	72	-6	79	102	75
Adjusted Earnings Per Share	14.2	12.1	8.6	7.8	11.5	16	9.9	9.6	-0.7	10.4	13.5	9.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	10%	1%	7%
Operating Profit CAGR	8%	-8%	-7%	-0%
PAT CAGR	22%	4%	-6%	-1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	83%	27%	17%	17%
ROE Average	11%	7%	9%	11%
ROCE Average	14%	10%	12%	16%

Kolte-Patil Develop. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	771	806	842	782	876	984	840	905	894	959	1046
Minority's Interest	149	174	193	304	254	208	6	15	0	8	9
Borrowings	103	252	250	644	290	437	486	423	420	249	349
Other Non-Current Liabilities	1	6	7	20	11	16	-141	-39	-104	-81	-61
Total Current Liabilities	476	632	769	1020	1429	995	2260	2286	2511	2663	2698
Total Liabilities	1500	1869	2060	2771	2860	2639	3452	3589	3722	3798	4041
Fixed Assets	133	112	119	135	127	97	85	275	267	268	272
Other Non-Current Assets	103	225	145	171	297	284	282	308	292	225	297
Total Current Assets	1264	1532	1796	2466	2436	2258	3085	3006	3163	3305	3472
Total Assets	1500	1869	2060	2771	2860	2639	3452	3589	3722	3798	4041

Kolte-Patil Develop. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	46	112	56	37	55	65	78	42	80	112	146
Cash Flow from Operating Activities	208	-117	34	36	143	230	67	335	324	355	193
Cash Flow from Investing Activities	-46	-37	0	-137	38	38	16	-69	-155	-115	-45
Cash Flow from Financing Activities	-97	98	-53	119	-171	-254	-119	-227	-137	-206	-68
Net Cash Inflow / Outflow	66	-56	-19	18	10	13	-36	39	32	34	79
Closing Cash & Cash Equivalent	112	56	38	55	65	78	42	80	112	146	226

Kolte-Patil Develop. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	14.18	12.15	8.62	7.77	11.51	16.03	9.95	9.55	-0.73	10.45	13.48
CEPS(Rs)	17.13	16.36	14.77	10.22	13.16	22.29	15.08	15.42	1.07	13.65	16.44
DPS(Rs)	3.5	3.1	2	1.5	1.6	2	2.4	0	0	2	4
Book NAV/Share(Rs)	101.66	106.31	111.01	103.23	115.6	129.76	110.58	118.88	117.51	126.22	137.68
Core EBITDA Margin(%)	26.4	28.89	29.34	28.29	25.57	21.56	28.4	20.63	8.98	16.62	12.71
EBIT Margin(%)	30.62	29.95	29.57	28.47	25.08	21.5	27.95	23.25	9.66	17.39	14.13
Pre Tax Margin(%)	25.62	23.98	23.26	15.36	15.29	14.46	17.38	16.22	-0.45	12.92	11.4
PAT Margin (%)	17.03	15.3	14.62	8.26	8.81	10.95	11.42	8.8	-0.55	8.33	7.62
Cash Profit Margin (%)	17.84	16.22	16.06	10.27	10.35	12.04	13.14	10.32	1.17	9.26	8.39
ROA(%)	8.3	6.94	5.18	2.58	3.01	5.59	3.26	2.83	-0.11	2.48	2.89
ROE(%)	16.77	14.84	12.37	7.67	10.24	16.52	10.91	11.46	-0.43	10.08	11.31
ROCE(%)	23.57	21.95	17.44	15.36	15.06	18.21	14.65	16.05	4.21	12.82	13.71
Receivable days	30.24	38.54	48.73	59.97	61.15	46.7	60.96	27.29	24.83	9.58	6.51
Inventory Days	494.64	537.78	716.91	848.92	776.28	507.03	978.06	900.05	1476.71	928.47	702.57
Payable days	82.23	114.67	193.38	223.1	175.89	110.77	515.64	246.89	382.23	237	183.74
PER(x)	6.25	8.5	25.65	13.33	15.78	18.49	25.23	12.35	0	27.02	18.45
Price/Book(x)	0.87	0.97	1.99	1	1.57	2.28	2.27	0.99	1.92	2.24	1.81
Dividend Yield(%)	3.95	3	0.9	1.45	0.88	0.67	0.96	0	0	0.71	1.61
EV/Net Sales(x)	1.01	1.37	2.89	1.98	2.13	2.01	3.06	1.35	3.21	2.14	1.4
EV/Core EBITDA(x)	3.21	4.45	9.32	6.49	8.02	8.89	10.25	5.44	28.03	11.65	9.37
Net Sales Growth(%)	191.88	5.05	-8.84	8.2	27.87	45.54	-38.27	30.45	-38.76	61.55	33.2
EBIT Growth(%)	192.82	2.77	-10	4.15	12.67	24.72	-19.34	8.27	-74.5	190.18	7.94
PAT Growth(%)	246.48	-5.65	-12.88	-38.87	36.33	80.93	-35.27	0.29	-103.85	2531.25	21.44
EPS Growth(%)	215.24	-14.33	-29.03	-9.83	48.01	39.29	-37.94	-3.98	-107.61	1538.62	29.01
Debt/Equity(x)	0.23	0.42	0.45	1.01	0.87	0.7	0.96	0.81	0.74	0.54	0.52
Current Ratio(x)	2.66	2.43	2.34	2.42	1.71	2.27	1.36	1.32	1.26	1.24	1.29
Quick Ratio(x)	0.59	0.42	0.43	0.42	0.26	0.42	0.11	0.11	0.12	0.18	0.21
Interest Cover(x)	6.13	5.01	4.69	2.17	2.56	3.06	2.64	3.31	0.96	3.89	5.17
Total Debt/Mcap(x)	0.26	0.43	0.23	1.01	0.55	0.31	0.42	0.82	0.39	0.24	0.29

Kolte-Patil Develop. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.45	74.45	74.45	74.45	74.45	74.45	74.45	74.45	74.45	69.45
FII	1.62	1.44	0.98	1.38	1.39	1.27	1.54	2.64	2.59	4.77
DII	3.4	4.23	3.72	3.71	4.82	4.83	2.52	3.96	4.52	6.02
Public	20.54	19.88	20.86	20.47	19.34	19.45	21.49	18.95	18.45	19.76
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	5.66	5.66	5.66	5.66	5.66	5.66	5.66	5.66	5.66	5.28
FII	0.12	0.11	0.07	0.1	0.11	0.1	0.12	0.2	0.2	0.36
DII	0.26	0.32	0.28	0.28	0.37	0.37	0.19	0.3	0.34	0.46
Public	1.56	1.51	1.59	1.56	1.47	1.48	1.63	1.44	1.4	1.5
Others	0	0	0	0	0	0	0	0	0	0
Total	7.6	7.6	7.6	7.6	7.6	7.6	7.6	7.6	7.6	7.6

Pros

Debtor days have improved from 237 to 183.74days.

Cons

Company has a low return on equity of 7% over the last 3 years.
Stock is trading at 3.8 times its book value.
The company has delivered a poor profit growth of -6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Kolte-Patil Develop. News

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Kolte-Patil Develop. Research see more...

Overview Inc. Year: 1991Industry: Construction - Real Estate

Kolte-Patil Develop. Share Price

Alert Data

Quarterly Price

Peer Comparison

Kolte-Patil Develop. Quarterly Results

Kolte-Patil Develop. Profit & Loss

Growth Rates

Kolte-Patil Develop. Balance Sheet

Kolte-Patil Develop. Cash Flow

Kolte-Patil Develop. Ratios

Kolte-Patil Develop. Shareholding Pattern

Kolte-Patil Develop. News

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