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Kalpataru Projects International Limited
(KPIL)
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Rating:63Neutral
Price Target:
₹1,440.00
▲(20.21% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by financial performance—especially margin compression and inconsistent free-cash-flow conversion—despite improving balance-sheet leverage. Technicals are supportive with price trading above major moving averages and neutral-to-positive momentum, while valuation is middling with a modest dividend yield.
Positive Factors
Consistent revenue growth
Sustained revenue expansion indicates continued project execution and demand across KPIL’s infrastructure markets. This supports scale, customer retention and future order conversion, although growth quality still depends on project mix and execution discipline.
Negative Factors
Sharp gross-margin compression
The steep margin decline indicates weaker project economics or higher input and execution costs. If sustained, it could limit earnings growth even when revenue expands and reduce the company’s ability to absorb delays, claims or cost overruns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained revenue expansion indicates continued project execution and demand across KPIL’s infrastructure markets. This supports scale, customer retention and future order conversion, although growth quality still depends on project mix and execution discipline.
Read all positive factors
Kalpataru Projects International Limited (KPIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹240.20B
Dividend Yield0.78%
Average Volume (3M)93.02K
Price to Earnings (P/E)21.2
Beta (1Y)1.28
Revenue Growth14.56%
EPS Growth58.06%
CountryIN
Employees11,188
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)66.55
Shares Outstanding170,772,550
10 Day Avg. Volume226,925
30 Day Avg. Volume93,023
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.32
Price to Sales (P/S)0.67
P/FCF Ratio63.63
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)73.53
Revenue Forecast (FY)₹306.11B
Kalpataru Projects International Limited Business Overview & Revenue Model
Company Description
Kalpataru Projects International Limited (KPIL) is a global provider of comprehensive engineering, procurement, and construction (EPC) services. The company specializes in a diverse range of critical infrastructure sectors, including power transmi...
How the Company Makes Money
KPIL primarily makes money by executing EPC and construction contracts awarded by clients via competitive tenders or negotiated awards. Revenue is recognized as contract work is performed (i.e., based on progress/milestones under customer contract...
Kalpataru Projects International Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 273.80B | 271.43B | 223.16B | 196.26B | 163.61B | 147.77B |
| Gross Profit | 38.27B | 36.70B | 58.53B | 52.07B | 42.40B | 38.90B |
| EBITDA | 24.02B | 23.81B | 17.29B | 16.55B | 12.97B | 11.20B |
| Net Income | 11.36B | 10.40B | 5.86B | 5.10B | 4.41B | 5.40B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 277.13B | 255.84B | 220.38B | 195.81B | 172.12B |
| Cash, Cash Equivalents and Short-Term Investments | 19.88B | 20.79B | 19.09B | 10.18B | 14.85B | 11.70B |
| Total Debt | 0.00 | 35.43B | 43.14B | 40.08B | 37.87B | 38.38B |
| Total Liabilities | -77.33B | 199.80B | 191.15B | 169.25B | 148.88B | 127.94B |
| Stockholders Equity | 77.33B | 77.77B | 65.13B | 51.38B | 47.20B | 42.79B |
Cash Flow | ||||||
| Free Cash Flow | -8.26B | 2.84B | 3.39B | 4.91B | -1.15B | 4.06B |
| Operating Cash Flow | -4.12B | 10.94B | 9.14B | 8.43B | 6.56B | 7.14B |
| Investing Cash Flow | -3.95B | -429.70M | -7.18B | -2.63B | -3.26B | -2.55B |
| Financing Cash Flow | -294.80M | -11.54B | 4.00B | -5.24B | -4.38B | 249.90M |
Kalpataru Projects International Limited Technical Analysis
Positive
1197.95
Price Trends
1347.54
Positive
1311.77
Positive
1224.41
Positive
Market Momentum
21.22
Negative
59.62
Neutral
49.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KPIL, the sentiment is Positive. The current price of 1197.95 is below the 20-day moving average (MA) of 1387.16, below the 50-day MA of 1347.54, and below the 200-day MA of 1224.41, indicating a bullish trend. The MACD of 21.22 indicates Negative momentum. The RSI at 59.62 is Neutral, neither overbought nor oversold. The STOCH value of 49.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KPIL.
Kalpataru Projects International Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹72.68B | 18.88 | ― | 0.05% | 15.79% | 22.69% | |
68 Neutral | ₹66.77B | 29.74 | ― | 0.02% | 17.18% | 38.22% | |
63 Neutral | ₹240.20B | 21.16 | ― | 0.78% | 14.56% | 58.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹113.89B | 26.39 | ― | 0.92% | 38.72% | -6.77% | |
49 Neutral | ₹108.70B | 19.63 | ― | 1.35% | 5.14% | -9.35% | |
36 Underperform | ₹112.11B | 21.39 | ― | 1.84% | -9.92% | -21.60% |
* General Sector Average
IN:KPIL
Kalpataru Projects International Limited
1,406.55
153.55
12.25%
IN:IRCON
IRCON International Ltd.
119.20
-50.27
-29.66%
IN:KEC
KEC International Ltd.
408.35
-438.29
-51.77%
IN:POWERMECH
Power Mech Projects Ltd.
2,298.80
-743.11
-24.43%
IN:SKIPPER
Skipper Ltd
591.50
30.80
5.49%
IN:TECHNOE
Techno Electric & Engineering Company Limited
979.25
-542.29
-35.64%
Kalpataru Projects International Limited Corporate Events
Kalpataru Projects Announces Completion of Independent Director’s Tenure
Aug 3, 2026
Kalpataru Projects International Limited announced that Independent Director Dr. Shailendra Raj Mehta has ceased to be a Non-Executive Independent Director of the company effective August 2, 2026, following the completion of his tenure. The board ...
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.