Kalpataru Projects International
- Market cap
- ₹ 22,232 Cr.
- P/E
- 19.9x
- P/B
- 2.86x
- 52-week range
- 1,007.1 – 1,490
- ROE
- 14%
- ROCE
- 18%
- Dividend yield
- 0.8%
- Debt / equity
- 0.46
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Kalpataru Projects International Limited is a specialized engineering, procurement and construction (EPC) company. It is engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. It is executing projects in over 30 countries and has a global footprint in 73 countries. It is an EPC contractor in railway infrastructure space and caters to turnkey solutions for conventional rail lines and metro rail. It undertakes railway projects for overhead electrification, traction substations, track-laying, earthwork, bridges, buildings, stations, signaling and telecommunications and others. It undertakes EPC contracting for cross-country pipelines, terminals, process plants and gas gathering stations for oil and gas sector across territories throughout the globe. It provides end-to-end solutions ranging from in-house design, testing, procurement, fabrication and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Kalpataru Projects International against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)19.9 against a typical 14.4: pricier than most peers (1st = cheapest).116th of 181
- Sales growth+3.8% against a typical +8.6% from a year earlier.86th of 147
- Profit growth+45.8% against a typical 0% from a year earlier.36th of 130
- Share price, 3 months+1.6% against a typical −13.6%.36th of 164
- Size₹ 22,232.4 Cr. market value against a typical ₹ 148 Cr. (1st = largest).2nd of 156
Latest announcements
Exchange filings and their impact on the company.
- LMG IPO greenshoe largely exercised, KPIL keeps 66.45% control and banks ~Rs 400-500 cr proceeds.
Kalpataru Projects said the greenshoe option in the IPO of its Swedish step-down subsidiary Linjemontage i Grastorp was exercised for 1,877,911 shares, with 268,832 unexercised shares returned to its arm KPTS. KPTS will now hold 34,042,919 shares or 66.45% of LMG, retaining majority control. The partial listing monetises about a third of LMG and should bring in cash to cut debt while LMG stays consolidated.
- Won Rs 2,349 cr T&D and B&F orders, taking FY27 inflows past Rs 22,000 cr.
Kalpataru Projects International won new EPC orders worth about Rs 2,349 crore for power transmission & distribution and buildings & factories projects in India. The company said its year-to-date order inflows for FY27 have now crossed Rs 22,000 crore. This strengthens revenue visibility for the next 2-3 years given FY26 revenue was Rs 27,143 crore.
- KPIL won Rs 2,225 cr of T&D orders, taking FY27 YTD inflows to ~Rs 20,000 cr, up over 30% YoY.
Kalpataru Projects International secured new orders worth Rs 2,225 crores, including about Rs 2,031 crores in Transmission & Distribution in India and overseas and about Rs 194 crores (SEK 200 million) won by Swedish subsidiary Linjemontage for a 130 kV substation for Ellevio over three years. Management said orders secured so far in FY27 total about Rs 20,000 crores, up over 30% year-on-year. The wins strengthen order-book visibility in T&D, driven by grid expansion and renewable integration, supporting revenue growth over the next 12 months.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA+ | Stable | 15 Oct 2026 |
| India Ratings | IND AA+ | Stable | 3 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Oct 2026 | ▲ Upgrade1 notch | Crisil AA → Crisil AA+ | Medium | CRISIL | ₹ 3,779 Cr. | |
| 3 Jul 2026 | ▲ Upgrade | IND AA+ | — | India Ratings | ₹ 28,368.5 Cr. | |
| 16 Oct 2025 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 27,029 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 14 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 4 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 31 Oct 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 7 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 16 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,518 | 4,896 | 5,971 | 4,587 | 4,930 | 5,732 | 7,067 | 6,171 | 6,529 | 6,665 | 7,778 | 6,408 |
| Expenses | 4,148 | 4,472 | 5,519 | 4,208 | 4,492 | 5,253 | 6,529 | 5,646 | 5,967 | 6,152 | 7,138 | 5,846 |
| Operating Profit | 371 | 424 | 452 | 379 | 438 | 479 | 538 | 525 | 561 | 513 | 640 | 562 |
| OPM % | 8% | 9% | 8% | 8% | 9% | 8% | 8% | 9% | 9% | 8% | 8% | 9% |
| Other Income | 12 | 14 | 20 | 22 | 17 | 10 | 13 | 16 | 23 | −1 | 103 | 77 |
| Interest | 137 | 124 | 142 | 144 | 150 | 164 | 118 | 122 | 137 | 137 | 105 | 82 |
| Depreciation | 113 | 121 | 119 | 119 | 117 | 123 | 138 | 129 | 126 | 128 | 127 | 137 |
| Profit before tax | 132 | 193 | 211 | 137 | 188 | 202 | 296 | 290 | 322 | 247 | 511 | 420 |
| Tax % | 32% | 25% | 20% | 39% | 33% | 31% | 26% | 26% | 26% | 40% | 16% | 26% |
| Net Profit | 90 | 144 | 169 | 84 | 126 | 140 | 218 | 214 | 237 | 149 | 431 | 312 |
| EPS in Rs | 5.47 | 8.68 | 10.12 | 5.71 | 7.73 | 8.31 | 13.2 | 12.51 | 14.06 | 8.91 | 25.43 | 18.16 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 16%
- 3 Years
- 18%
- TTM
- 15%
- 10 Years
- 24%
- 5 Years
- 13%
- 3 Years
- 36%
- TTM
- 57%
- 10 Years
- 18%
- 5 Years
- 28%
- 3 Years
- 30%
- TTM
- —
- 10 Years
- 11%
- 5 Years
- 11%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Kalpataru Projects International | ₹ 1,332.00 | ₹ 22,232 Cr. | 19.9x | 2.9x | 14% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Manish Dashrathmal Mohnot
- Chief Executive Officer, Managing Director, Executive Director
- Ram Patodia
- Chief Financial Officer
- Deepak Sharma
- President, Group Procurement & Supply Chain Management
- M. A. Baraiya
- Chief Human Resources Officer
- Saugata Basu
- Chief Digital and Information Officer
- Shweta Girotra
- Compliance Officer, Company Secretary
- Shailendra Kumar Tripathi
- Deputy Managing Director, Director
- Ramesh Bhootra
- Head of BD International (BD, Tower Sales and Subsidiaries)
Prices are delayed and for information only. Nothing on this page is investment advice.