Kalpataru Ltd
Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.[1]
- Market Cap ₹ 6,968 Cr.
- Current Price ₹ 338
- High / Low ₹ 458 / 337
- Stock P/E
- Book Value ₹ 199
- Dividend Yield 0.00 %
- ROCE 6.20 %
- ROE 1.26 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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.222 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 678 | 605 | 613 | 344 | 293 | 283 | 218 | |
| 579 | 547 | 295 | 281 | 202 | 226 | 195 | |
| Operating Profit | 98 | 57 | 318 | 63 | 91 | 57 | 24 |
| OPM % | 14% | 9% | 52% | 18% | 31% | 20% | 11% |
| 184 | 263 | 12 | 328 | 271 | 254 | 222 | |
| Interest | 247 | 277 | 289 | 322 | 212 | 250 | 263 |
| Depreciation | 25 | 22 | 22 | 20 | 19 | 19 | 21 |
| Profit before tax | 10 | 22 | 19 | 49 | 131 | 41 | -38 |
| Tax % | 32% | 28% | 122% | 41% | 38% | 44% | |
| 7 | 16 | -4 | 29 | 82 | 23 | -31 | |
| EPS in Rs | 0.50 | 1.13 | -0.30 | 2.08 | 5.85 | 1.39 | -1.98 |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 140 | 140 | 140 | 140 | 140 | 167 | 206 |
| Reserves | 925 | 942 | 938 | 964 | 972 | 2,408 | 3,888 |
| 2,533 | 2,500 | 2,941 | 2,664 | 2,981 | 2,738 | 2,274 | |
| 392 | 443 | 363 | 391 | 443 | 1,135 | 1,264 | |
| Total Liabilities | 3,990 | 4,024 | 4,382 | 4,158 | 4,536 | 6,448 | 7,632 |
| 338 | 451 | 430 | 411 | 395 | 388 | 386 | |
| CWIP | 114 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 814 | 815 | 98 | 98 | 98 | 101 | 101 |
| 2,724 | 2,758 | 3,855 | 3,649 | 4,044 | 5,959 | 7,144 | |
| Total Assets | 3,990 | 4,024 | 4,382 | 4,158 | 4,536 | 6,448 | 7,632 |
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
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2d - KHPL received INR 7,21,88,390 tax demand (Nov 28, 2025); penalty show-cause; appeal planned.
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Update - Statement Of Deviation Or Variation In Use Of Proceeds Of Funds Raised Through IPO
14 Nov - No deviation; IPO proceeds INR 1,590 crore; ₹200.09 crore unutilised as of Sep 30, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
13 Nov - Transcript of Earnings Conference call with investor and Analysts held on 11th November, 2025 on Q2 H1 FY26 results.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Nov - Company executives will be participating in the Institutional Investors' Meeting organised by third party on November 14, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Nov - Kalpataru: Audio recording of earnings call for quarter/half ended Sep 30, 2025 available on company website.
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptNotesPPT
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Jul 2025TranscriptNotesPPT
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