Kolte Patil Developers Ltd

Kolte Patil Dev. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kolte Patil Developers Ltd

₹ 535 -2.41%
18 Apr - close price
koltepatil.com BSE: 532924 NSE : KOLTEPATIL
About

Business Overview
Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru.

Company markets its projects under two brands:
'Kolte-Patil’ (addressing the mid-income segment)
‘24K’ (addressing the premium luxury segment).
[1]

Key Points

Market Presence
The company has delivered more than 26 Million sq. Ft. of area across Pune, Bengaluru, and Mumbai. [1]

Website BSE NSE
  • Market Cap ₹ 4,066 Cr.
  • Current Price ₹ 535
  • High / Low ₹ 585 / 243
  • Stock P/E 345
  • Book Value ₹ 108
  • Dividend Yield 0.75 %
  • ROCE 3.39 %
  • ROE 0.38 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 321%
  • Company's working capital requirements have reduced from 273 days to 93.2 days

Cons

  • Stock is trading at 4.96 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.19% over past five years.
  • Company has a low return on equity of -2.47% over last 3 years.
  • Earnings include an other income of Rs.55.4 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

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
84 247 106 68 58 146 114 40 341 408 249 102 20
85 200 82 66 69 176 86 54 350 342 239 113 49
Operating Profit -1 47 23 1 -11 -30 28 -14 -9 65 11 -11 -29
OPM % -1% 19% 22% 2% -20% -20% 24% -34% -3% 16% 4% -11% -143%
4 3 4 5 1 8 5 15 4 6 7 35 7
Interest 15 12 16 12 12 8 10 10 10 8 8 8 32
Depreciation 2 2 2 2 2 2 2 3 3 2 2 3 3
Profit before tax -14 35 9 -7 -24 -32 21 -11 -17 61 7 14 -57
Tax % 26% 24% 70% -120% 26% 21% 8% 58% 14% 32% 23% -23% 9%
-10 27 3 -16 -18 -25 19 -5 -15 41 5 17 -52
EPS in Rs -1.31 3.53 0.35 -2.12 -2.36 -3.35 2.49 -0.64 -1.99 5.44 0.68 2.25 -6.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
97 177 187 168 216 533 671 461 712 502 378 824 779
66 130 151 125 167 404 501 365 566 473 394 792 743
Operating Profit 31 46 37 43 49 129 170 96 146 29 -16 33 36
OPM % 32% 26% 20% 25% 23% 24% 25% 21% 21% 6% -4% 4% 5%
18 54 44 43 53 43 40 54 33 25 20 21 55
Interest 6 10 27 32 40 43 48 38 53 56 48 38 56
Depreciation 1 1 2 4 5 6 6 6 11 9 8 9 10
Profit before tax 41 89 52 50 58 123 156 106 115 -11 -52 7 25
Tax % 26% 26% 10% 13% 22% 31% 33% 27% 44% 31% -10% 54%
30 66 46 44 45 85 105 78 64 -8 -57 3 12
EPS in Rs 4.01 8.67 6.12 5.76 5.91 11.18 13.84 10.25 8.47 -1.01 -7.48 0.40 1.54
Dividend Payout % 40% 40% 51% 35% 25% 14% 14% 23% 0% 0% -27% 990%
Compounded Sales Growth
10 Years: 17%
5 Years: 4%
3 Years: 5%
TTM: 21%
Compounded Profit Growth
10 Years: -24%
5 Years: -51%
3 Years: -64%
TTM: 145%
Stock Price CAGR
10 Years: 18%
5 Years: 17%
3 Years: 34%
1 Year: 111%
Return on Equity
10 Years: 5%
5 Years: 2%
3 Years: -2%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 76 76 76 76 76 76 76 76 76 76 76 76 76
Reserves 646 684 679 703 648 722 815 729 787 785 729 717 743
52 166 222 249 381 350 286 458 414 455 523 485 774
197 82 266 371 500 555 453 1,223 1,118 929 1,144 1,207 1,268
Total Liabilities 972 1,008 1,243 1,399 1,604 1,703 1,630 2,485 2,395 2,244 2,472 2,485 2,861
12 12 14 23 26 26 22 17 32 23 30 38 56
CWIP 0 0 5 0 0 0 0 0 0 0 0 5 0
Investments 427 475 425 409 266 277 251 320 416 416 421 483 411
533 521 799 966 1,312 1,400 1,357 2,148 1,947 1,805 2,022 1,959 2,394
Total Assets 972 1,008 1,243 1,399 1,604 1,703 1,630 2,485 2,395 2,244 2,472 2,485 2,861

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-49 47 -87 -26 34 114 -14 38 136 78 82 211
52 -66 44 44 -47 -15 144 -185 5 -40 -45 -201
-9 60 3 -13 15 -95 -125 123 -127 -12 21 -31
Net Cash Flow -7 42 -40 4 2 4 5 -24 14 25 58 -21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 109 87 102 82 108 76 63 81 21 13 7 5
Inventory Days 2,187 1,164 1,287 1,940 738
Days Payable 221 131 127 176 92
Cash Conversion Cycle 109 87 102 82 108 76 63 2,047 1,054 1,172 1,771 651
Working Capital Days 837 495 461 564 893 161 329 228 130 345 380 93
ROCE % 6% 8% 8% 8% 9% 15% 18% 11% 13% 3% -0% 3%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45%
9.85% 5.26% 1.58% 1.62% 1.44% 0.98% 1.37% 1.39% 1.27% 1.54% 2.64% 2.59%
0.05% 0.05% 2.58% 3.40% 4.24% 3.72% 3.71% 4.82% 4.83% 2.51% 3.96% 4.51%
15.65% 20.24% 21.40% 20.54% 19.88% 20.86% 20.46% 19.34% 19.45% 21.49% 18.95% 18.45%
No. of Shareholders 37,21644,21246,72048,78248,90648,11843,36042,47943,09842,95842,33942,891

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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