Kalpataru Projects International Ltd

Kalpataru Projects International Ltd

₹ 1,173 -0.58%
24 Apr 12:06 p.m.
About

Kalpataru Power Transmission Ltd is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation.[1]

Key Points

Business Segments FY23

  • Market Cap 19,052 Cr.
  • Current Price 1,173
  • High / Low 1,223 / 485
  • Stock P/E 37.5
  • Book Value 336
  • Dividend Yield 0.58 %
  • ROCE 14.0 %
  • ROE 9.73 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 24.4%

Cons

  • Stock is trading at 3.48 times its book value
  • Company has a low return on equity of 9.73% over last 3 years.
  • Promoters have pledged 31.5% of their holding.
  • Promoter holding has decreased over last 3 years: -15.9%

* 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.

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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
1,993 2,337 1,586 1,618 3,196 3,565 1,542 3,293 3,509 4,396 3,622 3,844 4,147
1,786 2,094 1,424 1,466 2,954 3,258 1,412 3,017 3,204 4,085 3,308 3,536 3,803
Operating Profit 207 243 162 152 242 307 130 276 305 311 314 308 344
OPM % 10% 10% 10% 9% 8% 9% 8% 8% 9% 7% 9% 8% 8%
173 14 14 -24 263 23 62 15 9 76 29 25 27
Interest 23 28 34 28 65 63 28 75 74 84 75 85 83
Depreciation 29 28 26 27 70 68 25 71 75 83 93 88 94
Profit before tax 328 201 116 73 370 199 139 145 165 220 175 160 194
Tax % 22% 35% 34% 49% 20% 28% 19% 28% 33% 31% 28% 29% 26%
257 130 76 37 296 144 113 104 111 152 126 113 144
EPS in Rs 17.26 8.73 5.10 2.48 19.88 9.67 7.59 6.98 7.45 9.36 7.76 6.96 8.86
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
3,010 3,301 4,022 4,381 4,265 4,841 5,741 7,115 7,904 7,671 12,407 14,337 16,009
2,656 2,956 3,610 3,928 3,773 4,238 5,027 6,269 6,986 6,801 11,442 13,039 14,732
Operating Profit 353 345 413 453 491 603 715 846 919 869 966 1,298 1,277
OPM % 12% 10% 10% 10% 12% 12% 12% 12% 12% 11% 8% 9% 8%
51 48 47 52 54 49 48 51 82 248 162 166 157
Interest 132 145 171 167 166 172 187 187 225 171 356 430 327
Depreciation 48 52 70 85 84 78 77 86 110 115 272 295 358
Profit before tax 224 196 219 253 296 403 499 624 666 831 500 739 749
Tax % 26% 30% 33% 35% 35% 33% 36% 36% 30% 26% 30% 28%
165 138 146 166 192 269 322 401 463 615 350 532 535
EPS in Rs 10.75 8.97 9.54 10.79 12.54 17.53 20.98 26.15 29.93 41.32 23.53 32.75 32.94
Dividend Payout % 14% 17% 16% 14% 12% 11% 12% 11% 12% 24% 28% 21%
Compounded Sales Growth
10 Years: 16%
5 Years: 20%
3 Years: 22%
TTM: 34%
Compounded Profit Growth
10 Years: 14%
5 Years: 9%
3 Years: 4%
TTM: 8%
Stock Price CAGR
10 Years: 26%
5 Years: 20%
3 Years: 49%
1 Year: 118%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 10%
Last Year: 10%

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 31 31 31 31 31 31 31 31 31 30 30 32 32
Reserves 1,712 1,816 1,923 2,040 2,184 2,448 2,739 3,121 3,505 3,833 4,907 5,287 5,428
472 591 785 971 599 695 773 647 1,334 1,309 2,757 3,012 3,222
1,686 1,721 1,857 1,752 2,431 2,931 3,734 4,453 4,785 4,486 7,428 9,406 9,944
Total Liabilities 3,901 4,159 4,596 4,794 5,245 6,105 7,278 8,252 9,655 9,658 15,122 17,738 18,626
394 531 574 554 538 521 527 571 634 674 1,342 1,697 1,640
CWIP 59 8 18 5 4 3 17 8 40 14 20 48 13
Investments 405 335 384 394 518 716 785 649 864 886 892 874 873
3,043 3,285 3,621 3,841 4,185 4,866 5,949 7,025 8,117 8,083 12,867 15,119 16,100
Total Assets 3,901 4,159 4,596 4,794 5,245 6,105 7,278 8,252 9,655 9,658 15,122 17,738 18,626

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
156 201 84 37 756 322 103 525 243 198 46 559
-21 -208 -97 -43 -170 -213 -186 -172 -477 244 126 -446
-100 -29 24 20 -555 -3 -49 -292 401 -436 263 -223
Net Cash Flow 35 -36 12 14 31 106 -132 62 167 6 435 -110

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 184 142 140 149 190 208 209 168 162 178 121 126
Inventory Days 78 103 106 116 87 81 67 77 83 78 59 61
Days Payable 255 275 245 263 303 280 265 255 239 300 241 258
Cash Conversion Cycle 7 -29 2 1 -27 10 11 -9 6 -44 -61 -71
Working Capital Days 138 103 101 111 87 72 93 94 115 133 137 104
ROCE % 17% 15% 15% 15% 16% 19% 20% 22% 20% 17% 12% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.55% 54.55% 51.58% 51.58% 51.55% 51.54% 51.52% 47.23% 41.07% 41.06% 40.59% 40.59%
7.30% 7.49% 5.70% 5.31% 5.39% 5.08% 5.52% 6.92% 8.16% 8.50% 7.69% 8.17%
28.40% 28.71% 34.19% 35.79% 35.98% 36.83% 37.04% 37.76% 42.41% 42.70% 43.81% 43.64%
9.76% 9.25% 8.53% 7.32% 7.09% 6.55% 5.90% 8.08% 8.34% 7.73% 7.92% 7.60%
No. of Shareholders 58,42361,75562,28462,42863,11760,42159,50376,07364,67164,39568,85176,744

* 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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