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Kalpataru Projects International Limited KPIL NIFTY_SMALLNSEINFRA

Industrials · Engineering & Construction · India
https://www.kalpataruprojects.com

Kalpataru Projects International Limited provides engineering, procurement, and construction (EPC) services for power transmission and distribution, buildings and factories, water, railways, oil and gas, and urban infrastructure sectors in India and internationally. The company operates in Engineering, Procurement and Construction; Developmental Project; and Others segments. It designs, tests, procures, fabricates, erects, installs, and commissions power transmission lines, substations, and underground cable works; executes civil works, design and build composite works, structural works, finishing works, utility installations, and area development for buildings and factories; and designs and builds water intake, pipeline installation, treatment, storage, supply, distribution, and operation and maintenance of water projects. The company also offers services under its railway arm, including overhead electrification, traction substations, station buildings, railway track laying, earthwork, workshops, signaling and telecommunication, power systems, and civil works with railway networks and projects; and EPC services for the design and construction of highways, bridges and flyovers, airports, metro rail corridor stations and transit terminals and hubs, as well as undertakes EPC contracting for cross-country pipelines, terminals, and gas gathering stations for the oil and gas sectors. In addition, it is involved in agri-storage infrastructure with value added services, such as testing and certification, collateral management, pest control activities, preservation, maintenance, and security services, as well as management and operation of warehouses; and operates biomass power generation plants. The company was formerly known as Kalpataru Power Transmission Limited and changed its name to Kalpataru Projects International Limited in May 2023. Kalpataru Projects International Limited was incorporated in 1981 and is based in Mumbai, India.

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₹1,305.00
+17.75% 1Y

Market & Price

Market Cap
₹22,285.82 Cr
Current Price
₹1,305.00
High / Low (52W)
₹1,314.50 / ₹1,018.10
Beta
0.39

Valuation

Stock P/E
21.41
Industry PE
27.78
Forward P/E
14.60
PEG Ratio
-
Book Value
₹455.26
Price to Book
2.87
P/S
0.82
EV/EBITDA
10.69
Dividend Yield
0.69%

Profitability & Returns

ROCE
20.51%
ROE
14.51%
ROA
4.06%
Profit Margin
3.83%
Op Margin
6.60%
EPS (Latest Qtr)
₹25.42
EPS (TTM)
₹60.94

Balance Sheet & Liquidity

Debt/Equity
0.46
Quick Ratio
0.55
Current Ratio
1.25
Debt
₹3,542.62 Cr
Total Assets
₹27,712.85 Cr
Current Assets
₹23,254.09 Cr
Working Capital
₹4,663.83 Cr

Ownership

Promoter Holding
33.71%
Chg in Prom Hold
-
FII / Inst Holding
49.86%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹23,947.75 Cr
Total Revenue (TTM)
₹27,143.06 Cr
EBITDA
₹2,239.90 Cr
Free Cash Flow
₹467.04 Cr
Operating Cash Flow
₹1,534.38 Cr
Shares Outstanding
₹17.08 Cr
Gross Margin
25.16%
Payout Ratio
14.78%

Growth (CAGR)

Revenue 5Y
18.74%
Profit 5Y
33.13%
Revenue (YoY)
10.10%
Earnings (YoY)
89.40%

PROS

  • Healthy ROCE of 20.5%.
  • Compounding revenue at 18.7% over 5 years.
  • Profit CAGR of 33.1% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

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Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 KPIL Kalpataru Projects International Limited NIFTY_SMALLNSEINFRA 1,305.00 21.41 ₹22,285.82 Cr 0.69% 20.51% 14.51% 18.74% 33.13%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 5,732.48 Cr7,066.77 Cr6,171.17 Cr6,665.42 Cr7,777.90 Cr
Cost of Revenue 4,290.24 Cr5,450.83 Cr4,598.75 Cr5,094.32 Cr5,867.73 Cr
Gross Profit 1,442.24 Cr1,615.94 Cr1,572.42 Cr1,571.10 Cr1,910.17 Cr
Operating Expenses 1,086.13 Cr1,215.84 Cr1,176.52 Cr1,185.53 Cr1,397.01 Cr
Operating Income 356.11 Cr400.10 Cr395.90 Cr385.57 Cr513.16 Cr
EBITDA 489.49 Cr550.92 Cr541.40 Cr512.01 Cr743.09 Cr
Interest Expense 164.37 Cr117.57 Cr122.03 Cr136.94 Cr104.66 Cr
Pretax Income 202.02 Cr295.69 Cr290.22 Cr247.49 Cr511.35 Cr
Tax Provision 62.43 Cr77.52 Cr76.63 Cr98.44 Cr80.75 Cr
Net Income 141.96 Cr225.41 Cr213.62 Cr152.17 Cr434.21 Cr
Diluted EPS 8.6713.4212.518.9125.42

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -16,213.86 Cr19,459.22 Cr22,315.78 Cr27,143.06 Cr
Cost of Revenue -12,441.86 Cr14,871.61 Cr16,938.47 Cr20,312.38 Cr
Gross Profit -3,772.00 Cr4,587.61 Cr5,377.31 Cr6,830.68 Cr
Operating Expenses -2,669.15 Cr3,148.98 Cr4,040.46 Cr5,100.90 Cr
Operating Income -1,102.85 Cr1,438.63 Cr1,336.85 Cr1,729.78 Cr
EBITDA -1,473.72 Cr1,665.67 Cr1,896.60 Cr2,381.35 Cr
Interest Expense -440.45 Cr491.19 Cr576.53 Cr500.58 Cr
Pretax Income -641.52 Cr701.19 Cr822.80 Cr1,370.65 Cr
Tax Provision -206.50 Cr185.29 Cr255.53 Cr340.02 Cr
Net Income -440.75 Cr509.61 Cr585.70 Cr1,040.05 Cr
Diluted EPS 36.2829.0631.3735.53-

Compounded Sales Growth

5 Years:18.74%
1 Year:10.10%

Compounded Profit Growth

5 Years:33.13%
1 Year:89.40%

Stock Price Performance

1 Year:+17.75%
6 Months:+8.79%
3 Months:+8.26%
1 Month:+4.37%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -19,580.85 Cr22,037.71 Cr25,584.09 Cr27,712.85 Cr
Current Assets -15,751.25 Cr18,278.93 Cr21,510.38 Cr23,254.09 Cr
Cash & Equivalents -956.43 Cr1,009.33 Cr1,601.69 Cr1,511.78 Cr
Inventory -1,228.47 Cr1,353.36 Cr1,428.76 Cr1,776.27 Cr
Receivables -5,251.25 Cr5,805.29 Cr7,816.87 Cr8,404.66 Cr
Total Liabilities -14,886.99 Cr16,924.90 Cr19,115.23 Cr19,980.25 Cr
Current Liabilities -12,600.02 Cr14,787.63 Cr16,943.40 Cr18,590.26 Cr
Long Term Debt -1,214.83 Cr1,447.54 Cr1,467.38 Cr611.31 Cr
Total Debt -3,786.13 Cr4,008.20 Cr4,313.51 Cr3,542.62 Cr
Total Equity -4,720.62 Cr5,137.99 Cr6,513.33 Cr7,776.55 Cr
Shares Outstanding -16.24 Cr16.24 Cr17.08 Cr17.08 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -656.39 Cr842.96 Cr913.95 Cr1,534.38 Cr
Investing Cash Flow --326.13 Cr-263.09 Cr-718.50 Cr-32.00 L
Financing Cash Flow --437.88 Cr-524.04 Cr399.66 Cr-1,636.40 Cr
Capital Expenditure --771.48 Cr-351.58 Cr-574.62 Cr-810.33 Cr
Free Cash Flow --115.09 Cr491.38 Cr339.33 Cr724.05 Cr
Net Change in Cash --107.62 Cr55.83 Cr595.11 Cr-102.34 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -23.3%23.6%24.1%25.2%
Operating Margin % -6.8%7.4%6.0%6.4%
Net Margin % -2.7%2.6%2.6%3.8%
ROE % -9.3%9.9%9.0%13.4%
ROCE % -15.8%19.8%15.5%19.0%

Shareholding Pattern

Insiders
33.71%
Institutions
49.86%
Public Float
75.22%

Analyst View

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