Kalpataru Ltd
Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.[1]
- Market Cap ₹ 7,872 Cr.
- Current Price ₹ 382
- High / Low ₹ 458 / 346
- Stock P/E 339
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 6.20 %
- ROE 1.26 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 27.4% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -16.0% over past five years.
- Company has a low return on equity of 3.31% over last 3 years.
- Contingent liabilities of Rs.7,324 Cr.
- Earnings include an other income of Rs.254 Cr.
- Working capital days have increased from 2,162 days to 3,117 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 678 | 605 | 613 | 344 | 293 | 283 | |
| 579 | 547 | 295 | 281 | 202 | 226 | |
| Operating Profit | 98 | 57 | 318 | 63 | 91 | 57 |
| OPM % | 14% | 9% | 52% | 18% | 31% | 20% |
| 184 | 263 | 12 | 328 | 271 | 254 | |
| Interest | 247 | 277 | 289 | 322 | 212 | 250 |
| Depreciation | 25 | 22 | 22 | 20 | 19 | 19 |
| Profit before tax | 10 | 22 | 19 | 49 | 131 | 41 |
| Tax % | 32% | 28% | 122% | 41% | 38% | 44% |
| 7 | 16 | -4 | 29 | 82 | 23 | |
| EPS in Rs | 0.50 | 1.13 | -0.30 | 2.08 | 5.85 | 1.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -16% |
| 3 Years: | -23% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 73% |
| TTM: | -72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 140 | 140 | 140 | 140 | 140 | 167 |
| Reserves | 925 | 942 | 938 | 964 | 972 | 2,408 |
| 2,533 | 2,500 | 2,941 | 2,664 | 2,981 | 2,738 | |
| 392 | 443 | 363 | 391 | 443 | 1,135 | |
| Total Liabilities | 3,990 | 4,024 | 4,382 | 4,158 | 4,536 | 6,448 |
| 338 | 451 | 430 | 411 | 395 | 388 | |
| CWIP | 114 | 0 | 0 | 0 | 0 | 0 |
| Investments | 814 | 815 | 98 | 98 | 98 | 101 |
| 2,724 | 2,758 | 3,855 | 3,649 | 4,044 | 5,959 | |
| Total Assets | 3,990 | 4,024 | 4,382 | 4,158 | 4,536 | 6,448 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 222 | 513 | 689 | 237 | 24 | 205 | |
| 64 | -227 | -850 | 420 | -39 | -1,109 | |
| -278 | -329 | 150 | -619 | -3 | 710 | |
| Net Cash Flow | 8 | -42 | -12 | 38 | -18 | -194 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 206 | 178 | 162 | 161 | 162 | 140 |
| Inventory Days | 1,080 | 248 | 496 | 626 | ||
| Days Payable | 65 | 37 | 71 | 62 | ||
| Cash Conversion Cycle | 1,221 | 389 | 587 | 725 | 162 | 140 |
| Working Capital Days | 1,212 | 760 | 793 | 1,407 | 1,963 | 3,117 |
| ROCE % | 8% | 8% | 10% | 9% | 6% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
16 Sep - ICRA assigned [ICRA]BBB (Stable) to Kalpataru's Rs.1,126.34 crore HDFC Bank term loan on Sept 16, 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
16 Sep - ICRA assigned [ICRA]BBB- (Stable) to Rs230.56 crore term loan of Kalpataru Properties (HDFC Bank), Sept 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
16 Sep - ICRA assigned [ICRA]BBB- (Stable) to Agile Real Estate’s Rs1,414.39 crore term loan (filed Sept 16, 2025).
-
Announcement under Regulation 30 (LODR)-Credit Rating
12 Sep - CRISIL assigned BBB-/Stable rating to Kalpataru Properties' Rs.230.56 crore bank facilities on Sept 12, 2025.
-
Announcement under Regulation 30 (LODR)-Credit Rating
12 Sep - CRISIL assigned 'CRISIL BBB-/Stable' to Kalpataru Properties' Rs.230.56 crore bank facilities on Sep 12, 2025.
Integrated Real Estate Player[1]
They are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land, planning, designing, execution, sales, and marketing of projects.