KALPATARU PROJECTS INTERNATIONAL LIMITED
₹1,335.50-₹22.45 (-1.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹19,240 Cr
- P/E
- 23.4x
- EV / EBITDA
- 11.9x
- Revenue
- ₹18,888 Cr
- Net margin
- 3.2%
- ROCE
- 16.8%
Price chart
Technical chartScreen technicals →+5.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -3.4%
- 3M
- +4.1%
- 6M
- +7.0%
- 1Y
- +5.8%
- 5Y
- +220.4%
52-week range
Day change -₹22.45 (-1.7%) from ₹1,358 to ₹1,336 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in KPIL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.2%
Concerns1
- Low return on equity of 9.3%
Rule-based from financial data. Not advice.
About the company
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.
Read moreShow less
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.
- Sector
- Industrials
- Shares outstanding
- 17.1 Cr shares
- ISIN
- INE220B01022
- BSE code
- 522287
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹19,240 Cr
- P/E
- 23.4x
- P/B
- 2.6x
- EV / EBITDA
- 11.9x
- EV / Sales
- 1.1x
- P/S
- 1.1x
- Earnings yield
- 4.3%
- 52-week high
- ₹1,456.60
- 52-week low
- ₹1,018.80
Profitability
- Operating margin
- 9.1%
- Net margin
- 3.2%
- EBITDA margin
- 9.6%
- ROE
- 9.3%
- ROCE
- 16.8%
- ROA
- 2.7%
- Dividend payout
- 24.0%
- Tax rate
- 28.0%
- Other income, % of PBT
- 10.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹18,888 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,604 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹714 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 27.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹606 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.7%
Solvency and efficiency
- Current ratio
- 1.68
- Debt / Equity
- 0.58
- Debt / Assets
- 0.17
- Debt / EBITDA
- 2.08
- Interest coverage
- 3.06
- Financial leverage
- 3.48
- CFO / Net profit
- 1.34
- Cash / Market cap
- 90.7%
- Cash per share
- ₹1,022.59
- Asset turnover
- 0.84
- Fixed asset turnover
- 10.12
- Capital intensity
- 0.10
- Debtor days
- 117 days
- Inventory turnover
- 5.79
- Cash conversion cycle
- -85 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹3 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹17,132 Cr |
| Sales | Operating profit | ₹1,756 Cr |
| Operating profit | Interest | ₹550 Cr |
| Operating profit | Depreciation | ₹375 Cr |
| Operating profit | Profit before tax | ₹831 Cr |
| Other income | Profit before tax | ₹65 Cr |
| Profit before tax | Tax and other | ₹248 Cr |
| Profit before tax | Net profit | ₹648 Cr |
Revenue and net profit
Revenue grew 12.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹7,671 Cr | ₹615 Cr |
| FY2022 | ₹12,407 Cr | ₹350 Cr |
| FY2023 | ₹14,337 Cr | ₹532 Cr |
| FY2024 | ₹16,760 Cr | ₹533 Cr |
| FY2025 | ₹18,888 Cr | ₹648 Cr |
Cash flows
FY2025: ₹837 Cr from operations, ₹63.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹198 Cr | ₹442 Cr |
| FY2022 | ₹46 Cr | ₹172 Cr |
| FY2023 | ₹559 Cr | ₹116 Cr |
| FY2024 | ₹714 Cr | ₹245 Cr |
| FY2025 | ₹837 Cr | ₹63 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹18,888 Cr+12.7%1Y
- Net profit
- ₹648 Cr+21.6%1Y
- Cash from operations
- ₹837 Cr
- Free cash flow
- ₹63 Cr-74.3%1Y
- Revenue CAGR, 5Y
- 16.2%
- EBITDA CAGR, 5Y
- 9.9%
- Net profit CAGR, 5Y
- 2.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹18,888 Cr | ₹1,756 Cr | — | ₹648 Cr | ₹837 Cr | ₹63 Cr | 9.0% | +12.7% | +21.6% |
Monthly returns
Month-by-month returns of KPIL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹23,466 Cr |
| Equity capital | ₹34 Cr |
| Reserves | ₹7,151 Cr |
| Borrowings | ₹3,461 Cr |
| Other liabilities | ₹12,820 Cr |
| Assets | ₹23,466 Cr |
| Fixed assets | ₹1,912 Cr |
| Capital work in progress | ₹26 Cr |
| Investments | ₹1,163 Cr |
| Other assets | ₹20,364 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
KPIL trades at 23.4x earnings against a peer median of 38.3x (a 39% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| KALPATARU PROJECTS INTERNATIONAL LIMITEDKPILthis companyP/E ↓ discount | ₹19,240 Cr | 23.4x | 2.6x | 9.3% | 11.9x |
| Redington LimitedREDINGTON | ₹21,342 Cr | 15.2x | 4.5x | 29.8% | 13.7x |
| Jyoti CNC Automation LimitedJYOTICNC | ₹21,278 Cr | 60.7x | 9.6x | 8.0% | 75.1x |
| Inox Wind LimitedINOXWIND | ₹19,897 Cr | 33.8x | 3.3x | -7.0% | -530.2x |
| Welspun Corp LimitedWELCORP | ₹19,531 Cr | 26.0x | 4.1x | 13.4% | 20.7x |
| KEC International Ltd.KEC | ₹18,227 Cr | 48.5x | 3.5x | 3.6% | 17.8x |
| Grindwell Norton Ltd.GRINDWELL | ₹17,487 Cr | 46.7x | 7.7x | 18.6% | 29.8x |
| GODAWARI POWER AND ISPAT LTD.GPIL | ₹17,410 Cr | 22.1x | 3.4x | 21.2% | 12.0x |
| R R KABEL LIMITEDRRKABEL | ₹16,987 Cr | 42.4x | 7.3x | 16.3% | 32.3x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
KPIL since 1 January, against earlier years.
Historical volatility
KPIL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 11.0% |
| FY2022 | 8.0% |
| FY2023 | 9.0% |
| FY2024 | 9.0% |
| FY2025 | 9.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹18,888 Cr |
| Costs | |
| Interest | ₹550 Cr |
| Expenses | ₹17,132 Cr |
| Operating profitOperating Profit | ₹1,756 Cr |
| Other income and charges | |
| Profit before tax | ₹896 Cr |
| Tax | |
| Net profitNet Profit | ₹648 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹23,466 Cr |
| Equity capitalEquity Capital | ₹34 Cr |
| Reserves | ₹7,151 Cr |
| Borrowings | ₹3,461 Cr |
| Other liabilitiesOther Liabilities | ₹12,820 Cr |
| AssetsTotal Assets | ₹23,466 Cr |
| Fixed assetsFixed Assets | ₹1,912 Cr |
| Capital work in progressCWIP | ₹26 Cr |
| Investments | ₹1,163 Cr |
| Other assetsOther Assets | ₹20,364 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹837 Cr |
| Investing cash flowCash from Investing Activity | -₹774 Cr |
| Financing cash flowCash from Financing Activity | ₹542 Cr |
| Change in cashNet Cash Flow | ₹606 Cr |
Learn while you research
Academy chapters picked for KALPATARU PROJECTS INTERNATIONAL LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read