Kalpataru Ltd
Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.[1]
- Market Cap ₹ 5,910 Cr.
- Current Price ₹ 288
- High / Low ₹ 458 / 257
- Stock P/E
- Book Value ₹ 193
- Dividend Yield 0.00 %
- ROCE 1.06 %
- ROE 1.23 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -7.26% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.129 Cr.
- Debtor days have increased from 98.0 to 128 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,359 | 1,111 | 990 | 3,633 | 1,930 | 2,222 | 2,339 | |
| 1,257 | 1,040 | 1,038 | 3,713 | 2,058 | 2,165 | 2,456 | |
| Operating Profit | 103 | 71 | -48 | -80 | -129 | 57 | -117 |
| OPM % | 8% | 6% | -5% | -2% | -7% | 3% | -5% |
| 238 | 288 | 248 | 83 | 110 | 110 | 129 | |
| Interest | 359 | 381 | 306 | 130 | 34 | 53 | 70 |
| Depreciation | 38 | 33 | 33 | 32 | 33 | 38 | 44 |
| Profit before tax | -57 | -55 | -140 | -159 | -86 | 76 | -102 |
| Tax % | -19% | -3% | -6% | 45% | 26% | 67% | |
| -43 | -57 | -131 | -229 | -108 | 25 | -94 | |
| EPS in Rs | -3.10 | -4.06 | -9.37 | -14.56 | -6.80 | 1.29 | -4.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 31% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 29% |
| TTM: | -371% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -7% |
| 3 Years: | -7% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 140 | 140 | 140 | 140 | 140 | 167 | 206 |
| Reserves | 1,224 | 1,164 | 1,294 | 1,076 | 880 | 2,314 | 3,772 |
| 6,027 | 7,374 | 10,366 | 9,680 | 10,688 | 10,172 | 8,928 | |
| 966 | 1,172 | 1,616 | 1,639 | 2,163 | 3,722 | 4,458 | |
| Total Liabilities | 8,356 | 9,850 | 13,415 | 12,534 | 13,871 | 16,375 | 17,364 |
| 647 | 725 | 699 | 682 | 639 | 767 | 763 | |
| CWIP | 214 | 110 | 121 | 131 | 146 | 105 | 104 |
| Investments | 734 | 735 | 77 | 86 | 93 | 116 | 119 |
| 6,761 | 8,280 | 12,519 | 11,636 | 12,993 | 15,387 | 16,377 | |
| Total Assets | 8,356 | 9,850 | 13,415 | 12,534 | 13,871 | 16,375 | 17,364 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 871 | 757 | 402 | 2,139 | 376 | 488 | |
| 53 | -41 | 104 | -32 | -132 | -35 | |
| -771 | -645 | -422 | -2,101 | -300 | -644 | |
| Net Cash Flow | 153 | 71 | 84 | 6 | -56 | -190 |
| Free Cash Flow | 863 | 744 | 385 | 2,123 | 391 | 449 |
| CFO/OP | 893% | 1,108% | -947% | -2,670% | -317% | 903% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 147 | 187 | 249 | 48 | 118 | 128 |
| Inventory Days | 1,458 | 2,186 | 4,452 | |||
| Days Payable | 98 | 101 | 122 | |||
| Cash Conversion Cycle | 1,507 | 2,272 | 4,579 | 48 | 118 | 128 |
| Working Capital Days | 614 | 598 | 934 | 291 | 632 | 690 |
| ROCE % | 4% | 2% | -0% | -1% | 1% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Area Sold msf |
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| Average Realization INR per sq ft |
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| Pre-Sales Value INR Cr |
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| Sales Collections INR Cr |
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| Units Sold Nos |
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| Ongoing Projects Developable Area msf |
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| Completed Projects Area Deliveries msf |
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Documents
Announcements
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Disclosure With Regard To An Order Received By The Subsidiary From Joint Commissioner, CGST Office, Mumbai
2d - Subsidiary AREPL received Rs.2.51 crore GST demand plus equal penalty (total ~Rs.5.04 crore); dated Mar 30, 2026; appeal.
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Closure of Trading Window
30 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/FY ended March 31, 2026.
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Disclosure With Regard To Outcome Of Tax Litigations Of The Subsidiary - Agile Real Estate Private Limited
25 Mar - Agile Real Estate received CIT(A) orders (Mar 24, 2026) reducing tax additions; no material financial impact; appeals planned.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Mar - Signed Andheri West redevelopment (~3 acres, ~0.4 msf carpet), GDV ~₹1,400 crore on March 12, 2026.
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Intimation Of Issue Of Corporate Guarantee To Subsidiary
12 Mar - KRVPL issued corporate guarantee on Mar 12, 2026 for up to Rs 90 crore RTL to ICICI Bank, 60-month tenor.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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.