Kolte Patil Developers Ltd

Kolte Patil Developers Ltd

₹ 540 0.55%
22 Apr 11:58 a.m.
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]

  • Market Cap 4,103 Cr.
  • Current Price 540
  • High / Low 585 / 243
  • Stock P/E 54.6
  • Book Value 137
  • Dividend Yield 0.74 %
  • ROCE 13.4 %
  • ROE 10.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.94 times its book value
  • The company has delivered a poor sales growth of 1.19% over past five years.
  • Company has a low return on equity of 6.46% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
190 296 197 304 240 376 200 123 368 797 571 198 76
145 257 135 251 210 338 153 129 394 624 481 209 116
Operating Profit 46 39 62 53 30 38 47 -6 -26 173 90 -11 -40
OPM % 24% 13% 32% 17% 13% 10% 23% -5% -7% 22% 16% -6% -53%
4 6 4 6 -3 7 4 14 6 7 7 7 8
Interest 18 14 18 12 12 9 8 11 14 6 37 9 31
Depreciation 3 2 2 3 3 3 3 3 3 3 3 3 4
Profit before tax 29 28 46 44 13 34 40 -6 -37 172 58 -17 -67
Tax % 14% 23% 33% 53% 45% 20% 34% -11% 27% 29% 17% -55% 6%
25 21 31 20 7 27 26 -7 -27 121 48 -26 -63
EPS in Rs 2.96 2.74 3.88 2.33 0.71 3.53 2.79 -1.16 -3.39 15.45 6.05 -3.33 -8.27
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
249 727 764 697 754 964 1,403 866 1,130 692 1,117 1,488 1,642
182 535 543 492 555 726 1,100 619 896 629 931 1,299 1,430
Operating Profit 68 192 221 204 198 238 303 247 234 62 186 189 212
OPM % 27% 26% 29% 29% 26% 25% 22% 29% 21% 9% 17% 13% 13%
10 37 15 12 17 10 14 11 47 17 12 33 29
Interest 26 36 46 44 84 86 99 92 80 70 50 41 83
Depreciation 2 6 7 10 15 15 15 15 17 12 10 12 13
Profit before tax 50 186 183 162 116 147 203 151 184 -3 138 170 145
Tax % 28% 34% 36% 37% 46% 42% 24% 34% 46% -22% 37% 33%
36 124 117 102 62 85 154 99 100 -5 85 112 80
EPS in Rs 4.50 14.18 12.15 8.62 7.77 11.51 16.03 9.95 9.55 -0.73 10.45 13.48 9.90
Dividend Payout % 36% 25% 25% 23% 19% 14% 12% 24% 0% 0% 19% 30%
Compounded Sales Growth
10 Years: 7%
5 Years: 1%
3 Years: 10%
TTM: 54%
Compounded Profit Growth
10 Years: 0%
5 Years: -3%
3 Years: 12%
TTM: 455%
Stock Price CAGR
10 Years: 18%
5 Years: 18%
3 Years: 34%
1 Year: 118%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 6%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 645 695 730 766 707 800 908 764 829 818 883 970 962
226 173 337 378 791 762 690 807 747 678 541 561 893
544 558 730 846 1,198 1,225 988 1,980 2,078 2,329 2,470 2,612 2,598
Total Liabilities 1,491 1,501 1,873 2,066 2,771 2,862 2,662 3,627 3,730 3,901 3,970 4,220 4,530
55 133 112 119 135 127 118 104 294 286 286 290 331
CWIP 1 5 15 11 2 2 0 0 1 0 0 10 0
Investments 73 8 15 6 3 4 0 3 1 18 61 46 48
1,362 1,356 1,730 1,930 2,632 2,728 2,544 3,520 3,434 3,598 3,623 3,874 4,151
Total Assets 1,491 1,501 1,873 2,066 2,771 2,862 2,662 3,627 3,730 3,901 3,970 4,220 4,530

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15 208 -117 34 36 143 230 67 335 324 355 192
3 -46 -37 0 -137 38 38 16 -69 -155 -115 -45
-13 -97 98 -53 119 -171 -254 -119 -227 -137 -206 -68
Net Cash Flow 5 66 -56 -19 18 10 13 -36 39 32 34 79

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 65 38 41 53 71 67 48 45 20 17 8 7
Inventory Days 1,374 2,106 1,341 970
Days Payable 143 214 136 125
Cash Conversion Cycle 65 38 41 53 71 67 48 45 1,251 1,910 1,213 851
Working Capital Days 1,184 358 401 534 696 361 307 351 233 388 206 151
ROCE % 7% 19% 19% 15% 12% 12% 16% 14% 16% 4% 13% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 74.45% 69.45%
5.26% 1.58% 1.62% 1.44% 0.98% 1.37% 1.39% 1.27% 1.54% 2.64% 2.59% 4.77%
0.05% 2.58% 3.40% 4.24% 3.72% 3.71% 4.82% 4.83% 2.51% 3.96% 4.51% 6.02%
20.24% 21.40% 20.54% 19.88% 20.86% 20.46% 19.34% 19.45% 21.49% 18.95% 18.45% 19.77%
No. of Shareholders 44,21246,72048,78248,90648,11843,36042,47943,09842,95842,33942,89144,476

* 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.

Click on the line-items to see the names of individual entities.

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