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Kalpataru

KALPATARU NSE
₹240.80 No trade today
P/E
42.54
View as Markdown
MCP
Close 4 Nov 2026 ₹240.80 −128.25 −34.8% 1Y
Start ₹369.05

Key Fundamentals

MicrocapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
1.27%
Debt to Equity
2.23
EPS (TTM)
₹5.66
Book Value
₹195.57
Market Cap
—
P/E (TTM)
42.54
P/B
1.23
ROE
2.73%
Dividend Yield
0.00%
EBITDA
₹223 Cr
52W High
₹409.80
52W Low
₹235.03
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

Kalpataru peer comparison
DLF
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
Lodha Developers
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
Phoenix Mills
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
Prestige Estates Projects
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
Oberoi Realty
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
Godrej Properties
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
Brigade Enterprises
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
Kalpataru (this company)
₹240.8042.54₹4,915 Cr1.230.00%2.73%1.27%₹3,465 Cr₹103 Cr
Median 8 companies₹1,351.0035.88₹64,707 Cr3.590.31%10.00%10.45%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
52
Average
Returns, margins, earnings quality 22% weight
Valuation
41
Weak
Cheap vs sector & own history 24% weight
Growth
98
Strong
Sales & profit trajectory 9% weight
Financial Health
22
Poor
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
37
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.1% CAGR over last 5 years
  • Debtor days have improved from 91.8 to 68.3 days.

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of -0.20% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.121 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
33.79
Neutral
MACD (12,26,9)
−7.87
Bearish
SMA (50)
264.86
Bearish
SMA (200)
301.26
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+25.33%
3Y−1.84%
1Y+54.64%
TTM+62.37%

Net profit

Net profit growth by window
5YTurned to profit
3YTurned to profit
1Y+220.00%
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
5Y+2.30%
3Y−26.54%
1Y+73.77%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−2.93 pp
3Y+5.66 pp
1Y+0.89 pp
TTM+1.74 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹1,359 Cr
Mar 2021₹1,111 Cr
Mar 2022₹990 Cr
Mar 2023₹3,633 Cr
Mar 2024₹1,930 Cr
Mar 2025₹2,222 Cr
Mar 2026₹3,436 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020−₹43.00 Cr
Mar 2021−₹57.00 Cr
Mar 2022−₹131 Cr
Mar 2023−₹229 Cr
Mar 2024−₹108 Cr
Mar 2025₹25.00 Cr
Mar 2026₹80.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Kalpataru Ltd trades at a market cap of Rs.6,302 Cr with a PE of 79.8x. The company has shown strong TTM sales growth of 55% and TTM profit growth of 342%, but carries a negative 3-year average ROE of -0.09% and pays no dividend despite reporting profits.

Bull Case 7
  • TTM sales growth of 55% indicates a sharp revenue acceleration after a 3-year compounded sales decline of -2%
  • TTM profit growth of 342% signals a significant turnaround in earnings from prior loss-making or low-profit periods
  • 5-year compounded profit growth of 29.7% CAGR demonstrates sustained long-term earnings improvement
  • Debtor days improved from 105 to 68.3 days, reflecting better working capital management and faster collections
  • 5-year compounded sales growth of 25% shows the business has scaled meaningfully over a longer horizon
  • Price-to-book ratio of 1.55x is relatively modest, suggesting the stock is not excessively priced relative to book value
  • Company is expected to deliver a good upcoming quarter based on available estimates, suggesting momentum continuation
Bear Case 8
  • PE of 79.8x is elevated, implying the market is pricing in very high future growth that may not materialize
  • 3-year average ROE of -0.09% indicates the company has destroyed shareholder value over the medium term
  • Zero dividend yield despite reporting repeated profits raises concerns about capital allocation and cash flow quality
  • Earnings include other income of Rs.93.4 Cr, meaning core operating profit may be significantly lower than reported
  • Stock has declined 26% over the past 1 year, indicating significant negative market sentiment
  • Company might be capitalizing interest costs, which could overstate reported profits and asset values
  • 3-year compounded sales growth of -2% suggests the recent 55% TTM surge may not be sustainable
  • 5-year ROE of -4% shows prolonged inability to generate adequate returns on equity capital

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Kalpataru Projects is delivering strong operational results with Q4 profit nearly doubling YoY, robust order wins of ₹2,002 crore, and a generous dividend payout driving the stock to 52-week highs. Risks are limited to legacy tax disputes across subsidiaries totalling under ₹15 crore, which are manageable relative to the company's scale. The trend is clearly improving with momentum in earnings, order book, and share price all pointing upward heading into FY27.

Headwinds 3
  • ₹9.20 crore tax order sustained Jul 4

    Subsidiary Abacus Real Estate received a tax order of Rs 9.20 crore for AY 2013-14, with CIT(A) dismissing the appeal and sustaining additions to income.

  • GST demands on Thane unit Jun 18

    Kalpataru Properties (Thane) filed appeals against GST demands totalling Rs 443.18 lacs (Rs 396.49 lacs + Rs 46.69 lacs) for FY 2017-18.

  • DCIT tax appeals for Agile Jun 13

    DCIT filed appeals with ITAT against subsidiary Agile Real Estate for AY 2022-23 and 2023-24, which Kalpataru will contest.

Positives 4
  • Q4 net profit surges 92.63% Jun 16

    Kalpataru Projects International reported consolidated net profit of ₹434.21 crore in Q4 FY26, up 92.63% YoY, with revenue rising 10.06% to ₹7,777.90 crore.

  • Stock hits 52-week high Jun 16

    Shares surged 5% to ₹1,356.90, a 52-week high, with YTD gains of 12% and market cap of ₹23,105.53 crore.

  • ₹2,002 crore new orders won Jun 16

    Company secured new orders of approximately ₹2,002 crore as of June 1 filing, spanning power T&D overseas, buildings & factories, and railways in India.

Neutral 1
  • 45th AGM set for July 15 Jun 16

    AGM scheduled for July 15, 2026 at 12:30 PM via video conferencing, with July 8 as cut-off date for voting eligibility.

Quarterly Results

₹ Cr
KALPATARU quarterly results, ₹ crore
Particulars Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
492
530
506
588
597
443
794
505
1,694
472
437
Expenses
484
527
471
550
617
471
788
580
1,478
518
540
Operating Profit
8
3
35
38
−20
−28
6
−75
216
−46
−103
OPM %
1.5%
0.6%
7%
6%
−3.3%
−6%
0.8%
−15%
13%
−10%
−24%
Other Income
43
14
28
32
70
14
22
23
35
42
48
Interest
10
5
6
66
11
32
12
15
11
20
12
Depreciation
10
9
9
9
11
10
11
12
14
10
12
PBT
31
4
48
−4
29
−56
5
−79
226
−35
−79
Tax %
42%
112%
42%
448%
29%
−8%
−4%
−15%
14%
−17%
−11%
Net Profit
18
0
28
−23
20
−52
5
−67
194
−29
−71
EPS (₹)
1.74
−0.05
2.16
−1.57
0.84
−2.4
0.26
−3.05
9.74
−1.29
—

Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
KALPATARU profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,359
1,111
990
3,633
1,930
2,222
3,436
3,465
Expenses
1,257
1,040
1,038
3,713
2,058
2,165
3,317
3,363
Operating Profit
103
71
−48
−80
−129
57
119
101
OPM %
8%
6%
−4.9%
−2.2%
−7%
2.5%
3.5%
2.9%
Other Income
238
288
248
83
110
110
93
121
Interest
359
381
306
130
34
53
70
59
Depreciation
38
33
33
32
33
38
46
47
PBT
−57
−55
−140
−159
−86
77.17
96
117
Tax %
−19%
−3%
−6%
45%
26%
67%
17%
—
Net Profit
−43
−57
−131
−229
−108
25
80
103
EPS (₹)
−3.1
−4.06
−9.37
−14.56
−6.8
1.29
4.55
5.66
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
KALPATARU balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
140
140
140
140
140
167
206
Reserves
1,224
1,164
1,294
1,076
880
2,314
3,911
Borrowings
6,027
7,374
10,366
9,680
10,688
10,172
9,168
Other Liabilities
966
1,172
1,616
1,639
2,163
3,722
4,398
Total Liabilities
8,356
9,850
13,415
12,534
13,871
16,375
17,682
Fixed Assets
647
725
699
682
639
767
702
CWIP
214
110
121
131
146
105
109
Investments
734
735
77
86
93
116
187
Other Assets
6,761
8,280
12,519
11,636
12,993
15,387
16,685
Total Assets
8,356
9,850
13,415
12,534
13,871
16,375
17,682

Cash Flow

₹ Cr
KALPATARU cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
871
757
402
2,139
376
488
848
Investing
53
−41
104
−32
−132
−35
−142
Financing
−771
−645
−422
−2,101
−300
−644
−577
Net Cash Flow
153
71
84
6
−56
−190
130
Free Cash Flow
863
744
385
2,123
391
449
742
CFO/OP
893
1,108
−947
−2,670
−317
904
816

Ratios

KALPATARU financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
147
187
249
48
118
89
68
Inventory Days
1,458
2,186
4,452
—
—
—
—
Days Payable
98
101
122
—
—
—
—
Cash Conversion Cycle
1,507
2,272
4,579
48
118
89
68
Working Capital Days
614
598
934
291
632
690
499
ROCE %
—
4%
2%
0%
−1%
1%
1%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Kalpataru insights

58 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 81.33%
  • DIIs 7.94%
  • FIIs 5.91%
  • Public 2.47%
  • Others 2.34%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Kalpataru

What does Kalpataru Ltd do?
Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.
Where is Kalpataru Ltd (KALPATARU) listed?
Kalpataru Ltd trades as KALPATARU on the NSE and under code 544423 on the BSE.
Which sector does Kalpataru Ltd belong to?
Kalpataru Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Kalpataru Ltd?
Kalpataru Ltd trades at a PE ratio of 42.54 as of 4 Nov 2026, on earnings per share of ₹5.66, against a book value of ₹195.57 per share.
What is the 52-week high and low of Kalpataru Ltd?
Over the last 52 weeks Kalpataru Ltd has traded between ₹235.03 and ₹409.8 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Kalpataru Ltd?
Kalpataru Ltd reported a return on equity of 2.73%. Its debt-to-equity ratio is 2.23.

Company Information

Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.

Website kalpataru.com
Listed 1 Jul 2025
Face Value ₹10

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