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Kalpataru Ltd.
(KALPATARU)
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Rating:46Neutral
Price Target:
₹252.00
▼(-24.64% Downside)
Action:Reiterated
Date:07/30/26
The score is held back primarily by weak cash conversion (negative operating and free cash flow) and a highly leveraged balance sheet, despite a strong FY2026 revenue and earnings rebound. Technicals are mixed (above 20-DMA but below longer-term averages), and valuation is a headwind with a high P/E and no dividend yield data.
Positive Factors
Strong FY2026 revenue rebound
The sharp FY2026 revenue rebound indicates materially improved project execution and handovers after volatility in prior years. If the company can sustain delivery across its infrastructure and development activities, the larger revenue base can support operating scale and strengthen its ability to convert its project pipeline into earnings.
Negative Factors
Highly leveraged balance sheet
Debt remains disproportionately high relative to equity, leaving the company exposed to funding costs and refinancing pressure. This leverage reduces financial flexibility during weaker sales or project cycles, and it may limit the funds available for growth, debt reduction, or absorbing execution-related volatility over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 revenue rebound
The sharp FY2026 revenue rebound indicates materially improved project execution and handovers after volatility in prior years. If the company can sustain delivery across its infrastructure and development activities, the larger revenue base can support operating scale and strengthen its ability to convert its project pipeline into earnings.
Read all positive factors
Kalpataru Ltd. (KALPATARU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.95B
Dividend YieldN/A
Average Volume (3M)2.32K
Price to Earnings (P/E)42.1
Beta (1Y)1.45
Revenue Growth56.88%
EPS GrowthN/A
CountryIN
Employees1,900
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.83
Shares Outstanding205,922,090
10 Day Avg. Volume1,525
30 Day Avg. Volume2,317
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.23
Price to Sales (P/S)1.48
P/FCF Ratio-15.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.5
Revenue Forecast (FY)₹34.45B
Kalpataru Ltd. Business Overview & Revenue Model
Company Description
Kalpataru Limited is an Indian real estate development firm, operating primarily through its subsidiaries across the country. The company undertakes a diverse portfolio of projects, encompassing residential, commercial, and retail properties, as w...
How the Company Makes Money
Kalpataru Ltd. primarily makes money by executing EPC and infrastructure contracts and recognizing revenue as it delivers and completes project obligations. Key revenue streams typically include: (1) EPC contract revenue from power transmission an...
Kalpataru Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.78B | 34.36B | 22.22B | 16.73B | 34.27B | 8.21B |
| Gross Profit | 11.05B | 4.11B | 2.94B | 12.12B | 13.78B | 6.24B |
| EBITDA | 10.51B | 2.12B | 1.52B | 11.02B | 12.14B | 8.02B |
| Net Income | -138.68M | 937.10M | 216.20M | -1.03B | -2.03B | -1.25B |
Balance Sheet | ||||||
| Total Assets | 173.64B | 176.82B | 163.75B | 138.70B | 125.34B | 134.07B |
| Cash, Cash Equivalents and Short-Term Investments | 8.51B | 8.84B | 7.17B | 2.50B | 2.77B | 3.01B |
| Total Debt | 89.28B | 91.68B | 101.72B | 106.14B | 96.79B | 103.65B |
| Total Liabilities | 134.14B | 136.04B | 139.18B | 128.79B | 113.34B | 119.70B |
| Stockholders Equity | 39.77B | 41.16B | 24.81B | 10.19B | 12.15B | 14.25B |
Cash Flow | ||||||
| Free Cash Flow | 4.80B | -3.23B | -4.36B | 3.27B | 21.16B | 3.85B |
| Operating Cash Flow | 5.11B | -1.85B | -3.94B | 3.76B | 21.39B | 4.02B |
| Investing Cash Flow | 500.87M | -1.98B | -738.90M | -1.33B | -319.47M | 1.04B |
| Financing Cash Flow | -4.11B | 5.13B | 2.78B | -3.00B | -21.01B | -5.14B |
Kalpataru Ltd. Technical Analysis
Negative
334.40
Price Trends
278.53
Negative
302.02
Negative
314.68
Negative
Market Momentum
-6.59
Positive
32.30
Neutral
16.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KALPATARU, the sentiment is Negative. The current price of 334.4 is above the 20-day moving average (MA) of 273.23, above the 50-day MA of 278.53, and above the 200-day MA of 314.68, indicating a bearish trend. The MACD of -6.59 indicates Positive momentum. The RSI at 32.30 is Neutral, neither overbought nor oversold. The STOCH value of 16.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KALPATARU.
Kalpataru Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹621.83B | 24.07 | ― | 0.46% | 29.10% | 27.52% | |
78 Outperform | ₹237.43B | 21.03 | ― | 0.79% | 14.56% | 58.06% | |
70 Outperform | ₹1.08T | 26.70 | ― | 0.38% | 26.04% | 38.93% | |
62 Neutral | ₹502.28B | 31.59 | ― | 0.60% | 18.11% | 5.18% | |
56 Neutral | ₹615.02B | 54.45 | ― | 0.14% | 65.81% | 111.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹52.95B | 42.09 | ― | ― | 56.88% | ― |
* General Sector Average
IN:KALPATARU
Kalpataru Ltd.
257.65
-135.55
-34.47%
IN:GODREJPROP
Godrej Properties Limited
1,680.00
-397.55
-19.14%
IN:KPIL
Kalpataru Projects International Limited
1,399.50
144.17
11.48%
IN:LODHA
Macrotech Developers Ltd.
1,102.05
-98.18
-8.18%
IN:OBEROIRLTY
Oberoi Realty Limited
1,738.80
89.71
5.44%
IN:PRESTIGE
Prestige Estates Projects Limited
1,444.95
-181.98
-11.19%
Kalpataru Ltd. Corporate Events
Kalpataru Limited Reports Clean Audit Opinions at 38th AGM Held via Video Conferencing
Aug 3, 2026
Kalpataru Limited held its 38th Annual General Meeting on August 03, 2026 via video conferencing and other audio-visual means, with the registered office in Mumbai deemed as the venue. The meeting complied with the Companies Act, SEBI rules, MCA c...
Kalpataru Announces Details of 38th AGM and E-Voting for Shareholders
Jul 11, 2026
Kalpataru Limited has notified the exchanges that it has published newspaper advertisements in Financial Express and Loksatta regarding its upcoming Thirty Eighth Annual General Meeting. The AGM is scheduled for August 3, 2026, at 4:00 p.m. IST an...
Kalpataru Subsidiary Faces Rs 63.49 Crore Power-Dues Demand, Moves High Court
Jul 11, 2026
Kalpataru Limited disclosed that its wholly owned subsidiary, Kalpataru Retail Ventures Ltd. (KRVL), is contesting a final assessment order issued by the Maharashtra State Electricity Distribution Company Ltd. under Section 126 of the Electricity ...
Kalpataru Makes FY 2025–26 Annual Report and AGM Notice Available Online
Jul 10, 2026
Kalpataru Limited has notified the stock exchanges and its shareholders that the company’s Annual Report for the financial year 2025–26 and the Notice of its 38th Annual General Meeting are now available online. The AGM is scheduled fo...
Kalpataru Sets August 3 Virtual AGM with Key Audit and Governance Resolutions
Jul 10, 2026
Kalpataru Limited has scheduled its Thirty-eighth Annual General Meeting for August 3, 2026, at 4:00 p.m. IST, to be conducted via video conferencing and other audio-visual means. The company is distributing the AGM notice and annual report electr...
Kalpataru Limited Issues 8,100 Equity Shares Under ESOP 2024
Jul 10, 2026
Kalpataru Limited has approved the allotment of 8,100 fully paid equity shares of ₹10 each to employees exercising stock options under the Kalpataru Limited Employees Stock Option Scheme 2024. The decision was made by the Nomination and Remu...
Kalpataru Limited Publishes AGM Notice via Newspaper and Digital Channels
Jul 10, 2026
Kalpataru Limited has notified the stock exchanges that it has published newspaper advertisements in Financial Express and Loksatta regarding its upcoming Thirty Eighth Annual General Meeting. The AGM is scheduled for August 3, 2026 and will be co...
Kalpataru Moves to Streamline Real Estate Subsidiaries via Merger
Jul 8, 2026
Kalpataru Limited has approved a Scheme of Amalgamation to merge its step-down wholly owned subsidiary, Kalpataru Hills Residency Private Limited, into its wholly owned subsidiary, Kalpataru Properties (Thane) Limited. The boards of both entities ...
Kalpataru Drops Project Magnus Demerger After NCLT Clears Withdrawal
Jul 8, 2026
Kalpataru Limited has disclosed that the National Company Law Tribunal (NCLT), Mumbai Bench Court III, has approved the company’s request to withdraw a previously proposed Scheme of Arrangement for the demerger of Project Magnus from its who...
Kalpataru Subsidiary Challenges GST Demands at Appellate Tribunal
Jun 18, 2026
Kalpataru Limited disclosed that its wholly owned subsidiary, Kalpataru Properties (Thane) Limited, has filed appeals before the GST Appellate Tribunal against tax demands linked to Arimas Developers Private Ltd, which has been merged into the sub...
Kalpataru Discloses Tax Department Appeal Over Partial Relief for FY 2022-23
Jun 18, 2026
Kalpataru Limited has disclosed that the Deputy Commissioner of Income Tax has filed an appeal before the Income Tax Appellate Tribunal challenging an order that had granted the company partial relief for assessment year 2022-23, involving a tax i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.