Kalpataru Projects International Limited (KPIL) AI Stock Analysis

• Market Cap: ₹215.11B
• Dividend Yield: 0.71%
• Average Volume (3M): 8.02K
• Price to Earnings (P/E): 29.9
• Beta (1Y): 1.76
• Revenue Growth: 19.67%
• EPS Growth: 40.16%
• Country: IN
• Employees: 8,441
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): 12.50
• Shares Outstanding: 170,772,550
• 10 Day Avg. Volume: 7,087
• 30 Day Avg. Volume: 8,024
• PEG Ratio: 2.09
• Price to Book (P/B): 2.49
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 47.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,318.50
• Price Target Upside: 5.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: ₹1,277.00 ▲(1.89% Upside)

Kalpataru Projects International Limited shows strong financial performance with robust revenue growth and operational efficiency. However, technical indicators suggest mixed signals with potential bearish momentum. The valuation indicates the stock is relatively expensive, with a low dividend yield. Overall, the stock presents a balanced risk-reward profile with a positive financial outlook but caution advised due to technical and valuation concerns.

Kalpataru Projects International Limited Business Overview & Revenue Model

Company Description

Kalpataru Projects International Limited (KPIL) is a prominent infrastructure development and engineering company engaged in providing comprehensive solutions across various sectors. The company specializes in executing projects related to power transmission and distribution, building and factory construction, oil and gas infrastructure, and railways. KPIL is known for its expertise in delivering large-scale projects with a focus on quality, safety, and sustainability.

How the Company Makes Money

KPIL generates revenue primarily through its diverse portfolio of infrastructure development projects. The company earns money by securing contracts for power transmission and distribution projects, which involve the construction and maintenance of electrical infrastructure. Additionally, KPIL undertakes building and factory construction projects, providing design, engineering, and construction services. The company also engages in oil and gas infrastructure projects, offering services such as pipeline construction and facility development. Railways projects, including electrification and track laying, contribute to its revenue. KPIL benefits from long-term contracts and strategic partnerships with government entities and private sector clients, which ensure a steady flow of income through project-based billing and milestone payments.

Kalpataru Projects International Limited Financial Statement Overview

Summary

Kalpataru Projects International Limited demonstrates strong revenue growth and operational efficiency, evidenced by its increasing profit margins and revenue growth. The balance sheet shows a healthy equity position, although rising liabilities need monitoring. Cash flow generation is adequate but could be improved for better financial flexibility. Overall, the company is on a positive trajectory with manageable risks.

Income Statement

Kalpataru Projects International Limited has shown a consistent revenue growth over the years, with a notable revenue growth rate of 13.71% from 2024 to 2025. The gross profit margin remains strong at 24.09% in 2025, indicating efficient cost management. The net profit margin improved slightly to 2.62% in 2025, which is modest but shows positive momentum. The EBIT margin is robust at 14.63%, reflecting good operational efficiency. However, the EBITDA margin is lower than EBIT margin, which is unusual and might require further analysis.

Balance Sheet

The company maintains a solid equity base with a debt-to-equity ratio of 0.66 in 2025, which is sustainable but indicates a reliance on debt. The return on equity has improved to 8.99% in 2025, showing efficient use of shareholders' investments. The equity ratio is stable at 25.46%, reflecting a balanced capital structure. However, the total liabilities have increased, suggesting potential risks if not managed carefully.

Cash Flow

The cash flow statement reflects a mixed picture, with a decline in free cash flow from 2024 to 2025. The operating cash flow to net income ratio is 1.56, indicating that the company generates sufficient cash from operations. However, the free cash flow to net income ratio is lower at 0.58, suggesting potential challenges in generating free cash flow. The overall cash flow health is adequate, but improvements could enhance financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	223.16B	223.16B	196.26B	163.61B	147.77B	129.49B
Gross Profit	58.52B	58.53B	52.07B	42.40B	38.90B	38.14B
EBITDA	17.43B	17.29B	16.55B	12.97B	11.20B	13.97B
Net Income	5.86B	5.86B	5.10B	4.41B	5.40B	6.71B
Balance Sheet
Total Assets	255.84B	255.84B	220.38B	195.81B	172.12B	153.54B
Cash, Cash Equivalents and Short-Term Investments	19.09B	19.09B	10.18B	14.85B	11.70B	6.63B
Total Debt	43.14B	43.14B	40.08B	37.87B	38.38B	32.60B
Total Liabilities	191.15B	191.15B	169.25B	148.88B	127.94B	114.95B
Stockholders Equity	65.13B	65.13B	51.38B	47.20B	42.79B	37.38B
Cash Flow
Free Cash Flow	0.00	3.39B	4.91B	-1.15B	4.06B	6.70B
Operating Cash Flow	0.00	9.14B	8.43B	6.56B	7.14B	9.31B
Investing Cash Flow	0.00	-7.18B	-2.63B	-3.26B	-2.55B	77.50M
Financing Cash Flow	0.00	4.00B	-5.24B	-4.38B	249.90M	-8.97B

Kalpataru Projects International Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1253.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KPIL, the sentiment is Neutral. The current price of 1253.35 is below the 20-day moving average (MA) of 1264.77, above the 50-day MA of 1225.82, and above the 200-day MA of 1113.43, indicating a neutral trend. The MACD of 6.71 indicates Positive momentum. The RSI at 49.37 is Neutral, neither overbought nor oversold. The STOCH value of 25.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KPIL.

Kalpataru Projects International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KPIL	66 Neutral	₹215.11B	29.92	―	0.71%	19.67%	40.16%
MINDSPACE	66 Neutral	277.28B	53.41	3.39%	―	9.83%	-4.94%
BRIGADE	64 Neutral	221.21B	29.83	12.16%	0.28%	-0.80%	43.41%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Kalpataru Projects International Limited Corporate Events

Kalpataru Projects Faces Legal Dispute with NHAI

Kalpataru Projects International Limited has disclosed an ongoing legal dispute involving its wholly-owned subsidiary, Wainganga Expressway Private Limited (WEPL), and the National Highways Authority of India (NHAI). The dispute centers around a termination notice issued by NHAI to WEPL, alleging a default in payment of premium, which contradicts a previous arbitration award favoring WEPL. The company believes that the legal position of WEPL is strong and anticipates no significant financial impact from the dispute.

Kalpataru Projects Secures ₹ 2,293 Crores in New Orders

Kalpataru Projects International Limited (KPIL) has announced the receipt of new orders worth approximately ₹ 2,293 Crores, enhancing its order book and market position. These orders, which include projects in the Buildings and Factories sector in India and Power Transmission & Distribution overseas, contribute to KPIL’s total order intake of ₹ 9,443 Crores for FY26, providing strong growth visibility.

Kalpataru Projects Secures ₹ 989 Crores in New T&D Orders

Kalpataru Projects International Limited has announced the acquisition of new orders worth approximately ₹ 989 Crores in the Power Transmission & Distribution sector in the overseas market. This development highlights the company’s strategic growth in the T&D business, driven by global demand for grid infrastructure. With these new orders, KPIL’s order intake for FY26 has reached around ₹ 7,150 Crores, providing a positive outlook for future growth.