Kalpataru Ltd
Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.[1]
- Market Cap ₹ 5,632 Cr.
- Current Price ₹ 274
- High / Low ₹ 411 / 250
- Stock P/E 45.8
- Book Value ₹ 200
- Dividend Yield 0.00 %
- ROCE 1.27 %
- ROE 2.73 %
- Face Value ₹ 10.0
Pros
- 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.
Cons
- 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.
* 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 Consumer Discretionary BSE 1000
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 1,359 | 1,111 | 990 | 3,633 | 1,930 | 2,222 | 3,436 | 3,465 | |
| 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% |
| 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 |
| Profit before tax | -57 | -55 | -140 | -159 | -86 | 76 | 96 | 117 |
| Tax % | -19% | -3% | -6% | 45% | 26% | 67% | 17% | |
| -43 | -57 | -131 | -229 | -108 | 25 | 80 | 103 | |
| EPS in Rs | -3.10 | -4.06 | -9.37 | -14.56 | -6.80 | 1.29 | 4.55 | 5.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | -2% |
| TTM: | 62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 35% |
| TTM: | 553% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | 0% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 140 | 140 | 140 | 140 | 140 | 167 | 206 |
| Reserves | 1,224 | 1,164 | 1,294 | 1,076 | 880 | 2,314 | 3,911 |
| 6,027 | 7,374 | 10,366 | 9,680 | 10,688 | 10,172 | 9,168 | |
| 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 |
| 647 | 725 | 699 | 682 | 639 | 767 | 702 | |
| CWIP | 214 | 110 | 121 | 131 | 146 | 105 | 109 |
| Investments | 734 | 735 | 77 | 86 | 93 | 116 | 187 |
| 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 Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 871 | 757 | 402 | 2,139 | 376 | 488 | 848 | |
| 53 | -41 | 104 | -32 | -132 | -35 | -142 | |
| -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
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Area Sold msf |
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| Average Realization INR per sq ft |
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| Developable Area of Ongoing Projects msf |
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| New Project Launches (Saleable Area) msf |
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| Number of Ongoing Projects count |
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| Pre-Sales INR cr |
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| Sales Collections INR cr |
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| Area Delivered (OC Received) msf |
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Extracted by Screener AI
Documents
Announcements
-
Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY2027 results.
-
Announcement Under Regulation 30 (LODR) - Disclosure With Regard To Show Cause Notice Received From GST Department By The Wholly-Owned Subsidiary - Ananta Landmarks Private Limited
- Subsidiary received GST show cause notice for ₹14.00 crore for FY 2022-23.
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Disclosure With Regard To Appeal Filed By GST Authority With Hon'Ble GST Appellate Tribunal, Against The Order In Appeal Issued By Principal Commissioner (Appeals-I), In Relation To Abacus Real Estate Pvt Ltd, A WOS Of The Company.
- GST Authority appealed against favorable order on ₹1.36 crore transitional credit demand, interest and equal penalty.
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL downgraded Kalpataru’s bank facility rating to BBB/Stable on September 10, 2026; Rs1,362.94 crore rated.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025PPT
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Jul 2025PPT
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.