Kolte-Patil Developers Limited (KOLTEPATIL) AI Stock Analysis

• Market Cap: ₹29.12B
• Dividend Yield: 1.01%
• Average Volume (3M): 2.61K
• Price to Earnings (P/E): 195.9
• Beta (1Y): 1.12
• Revenue Growth: 3.05%
• EPS Growth: N/A
• Country: IN
• Employees: 582
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.60
• Shares Outstanding: 88,680,090
• 10 Day Avg. Volume: 3,443
• 30 Day Avg. Volume: 2,606
• PEG Ratio: -0.09
• Price to Book (P/B): 2.99
• Price to Sales (P/S): 1.44
• P/FCF Ratio: 11.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 5.53
• Revenue Forecast (FY): ₹15.22B

• Rating: 57 Neutral
• Price Target: ₹339.00 ▼(-13.40% Downside)
• Action: Reiterated Date: 11/25/25
• Date: Action: Reiterated 11/25/25

Kolte-Patil Developers Limited's strong financial performance is a key strength, driven by improved revenue and profitability. However, the stock faces challenges with bearish technical indicators and a high P/E ratio, suggesting potential overvaluation. The lack of recent earnings call data and corporate events limits additional insights.

Positive Factors

Cash Generation

The company converts reported earnings into cash efficiently (OCF/Net Income 2.65) and generates positive free cash flow, enabling funding of project construction, customer handovers and reinvestment without heavy short-term reliance on external financing. This strengthens liquidity through project cycles.

Improving Profitability

Sustained gross margin of 24.5% and a move from loss to positive net income indicate durable improvements in pricing, cost control and execution. Higher operating margins improve resilience to cyclical demand swings and support reinvestment and debt servicing over the medium term.

Manageable Leverage and Returns

Leverage appears controlled for a development firm (D/E 1.37) while ROE near 13% shows the business is delivering reasonable returns on shareholder capital. A growing equity base noted in the summary suggests capacity to support new projects without excessive incremental leverage.

Negative Factors

Recent Revenue Decline

A sharp reported decline in revenue growth signals weaker sales or slower project realizations, which can reduce forward cash inflows and extend project payback. Over several months this can constrain reinvestment, slow debt paydown and pressure margins if fixed costs remain.

Reliance on Debt Financing

Meaningful reliance on debt raises sensitivity to interest costs and refinancing cycles, particularly for multi-year developments. If project cash flows slow, servicing and funding new launches could require additional borrowing or asset monetization, limiting strategic flexibility over months.

Project-Based Revenue Concentration

The business depends on lumpy, milestone-linked project cash flows that are sensitive to construction timelines, regulatory approvals and market absorption. This structural concentration makes near-term cash visibility and earnings volatile and increases execution risk across the project lifecycle.

Kolte-Patil Developers Limited Business Overview & Revenue Model

Company Description

Kolte-Patil Developers Limited operates as a real estate company in India. It constructs and develops residential projects, commercial and retail projects, IT parks, and integrated townships; rents immovable properties; and provides project management services for managing and developing real estate projects. The company markets its projects under the Kolte-Patil and 24K brands. Kolte-Patil Developers Limited was founded in 1970 and is headquartered in Pune, India.

How the Company Makes Money

Kolte-Patil Developers Limited primarily makes money by developing real estate projects and monetizing them through (1) sale of residential units (apartments, villas/row houses, and related housing formats) and (2) sale/monetization of commercial or mixed-use space where applicable within its projects. The revenue model is anchored in project-based cash flows: the company typically identifies or secures land (through purchase and/or structured arrangements such as joint development), develops the project, markets the inventory, and collects customer/tenant proceeds as sales progress and construction milestones are met, culminating in handover. Key revenue streams therefore include: (a) consideration received from customers for sold units (booking amounts, milestone-linked collections, and final payments), (b) revenue from sale of commercial inventory within mixed-use developments where present, and (c) other project-related income incidental to real estate development activities where disclosed by the company (specific line items not available here: null). Profitability is influenced by execution (construction and delivery timelines), pricing and absorption in its key markets, land and financing costs, approvals, and the structure of land procurement (e.g., partnerships/joint development can lower upfront land outlay in exchange for revenue share or area share). Specific significant partnerships or named counterparties contributing to earnings: null.

Kolte-Patil Developers Limited Financial Statement Overview

Summary

Kolte-Patil Developers Limited has shown strong financial health with significant improvements in revenue and profitability. The company has effectively managed its costs and cash flows, positioning itself well for future growth. However, leverage remains an aspect to monitor.

Income Statement

The company has demonstrated a robust recovery with a notable increase in total revenue from the previous year, leading to improved profitability. The gross profit margin stands at 24.5% for the latest year, indicating efficient cost management. A significant turnaround in net income from negative to positive is a strong indicator of financial health. The EBIT and EBITDA margins also reflect improved operational efficiency, contributing to a promising outlook.

Balance Sheet

The company maintains a balanced leverage with a debt-to-equity ratio of 1.37, which is manageable but should be monitored. The stockholders' equity has grown, and the equity ratio is reasonable at 15.6%. However, there is a notable reliance on debt financing. Return on equity is 12.8%, showing decent profitability relative to shareholders' equity.

Cash Flow

The cash flow position is strong, with positive free cash flow indicating solid cash generation. The operating cash flow to net income ratio is 2.65, highlighting effective cash conversion. The free cash flow to net income ratio is also healthy, underscoring the company's ability to fund operations and investments without undue reliance on external financing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	12.89B	17.17B	13.71B	14.88B	11.17B	6.92B
Gross Profit	3.31B	4.21B	2.95B	3.99B	3.45B	1.95B
EBITDA	1.31B	1.76B	511.00M	2.22B	2.05B	791.10M
Net Income	631.60M	1.07B	-693.50M	1.04B	794.10M	-55.20M
Balance Sheet
Total Assets	64.44B	53.04B	49.47B	42.20B	39.70B	39.01B
Cash, Cash Equivalents and Short-Term Investments	8.63B	4.81B	3.93B	3.68B	1.61B	1.13B
Total Debt	10.52B	11.39B	11.17B	5.61B	5.41B	6.79B
Total Liabilities	52.25B	44.67B	42.12B	31.65B	30.03B	30.07B
Stockholders Equity	12.22B	8.30B	7.34B	8.67B	9.59B	8.94B
Cash Flow
Free Cash Flow	1.41B	2.24B	-1.54B	1.74B	3.38B	3.18B
Operating Cash Flow	1.64B	2.82B	-1.11B	1.93B	3.50B	3.24B
Investing Cash Flow	-4.85B	-2.41B	-1.34B	-452.70M	-1.15B	-1.55B
Financing Cash Flow	2.56B	-1.60B	3.19B	-682.30M	-2.00B	-1.37B

Kolte-Patil Developers Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 391.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KOLTEPATIL, the sentiment is Negative. The current price of 391.45 is above the 20-day moving average (MA) of 344.51, above the 50-day MA of 359.87, and below the 200-day MA of 412.69, indicating a bearish trend. The MACD of -9.81 indicates Positive momentum. The RSI at 33.69 is Neutral, neither overbought nor oversold. The STOCH value of 47.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KOLTEPATIL.

Kolte-Patil Developers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARVSMART	63 Neutral	₹24.43B	23.57	―	0.98%	13.62%	34.30%
MARATHON	62 Neutral	₹26.32B	28.99	―	0.19%	-21.43%	18.96%
KOLTEPATIL	57 Neutral	₹29.12B	195.93	―	1.01%	3.05%	―
AJMERA	56 Neutral	₹22.42B	36.99	―	0.47%	-1.25%	-5.48%
ASHIANA	56 Neutral	₹30.74B	12.74	―	0.85%	24.58%	122.16%
HUBTOWN	55 Neutral	₹26.26B	39.33	―	―	64.29%	―

Kolte-Patil Developers Limited Corporate Events

Kolte-Patil Posts Record Collections and Expands Pune Project Pipeline in Q3 FY26

Kolte-Patil Developers reported its unaudited Q3 and nine-month FY26 results, highlighting robust operational momentum driven by aggressive business development and strong cash flows. The company acquired and tied up new projects in Bhugaon, Pune, totaling about 3 million sq. ft. with an estimated gross development value of approximately Rs. 2,250 crore, reinforcing its presence in a key micro-market. Quarterly sales reached Rs. 605 crore with nine-month sales of Rs. 1,891 crore, while collections hit a record Rs. 709 crore in Q3, up 25% year-on-year, and Rs. 1,855 crore for the nine months, up 7% year-on-year. Realizations climbed to their highest historical level at Rs. 8,726 per sq. ft. in Q3, reflecting firm pricing power, and total income stood at Rs. 282 crore for the quarter and Rs. 540 crore for the nine months. Management indicated that supportive macroeconomic conditions, sustained infrastructure spending, and broader urban development are expected to bolster housing demand, and emphasized a strategy of disciplined capital deployment into accretive land parcels along with an “exciting” launch pipeline, signaling continued growth and a stronger institutional platform for the company.

Kolte-Patil Publishes Q3 FY26 Investor Presentation for Stakeholders

Kolte-Patil Developers Limited has released its investor presentation detailing financial results for the third quarter and first nine months of FY26, and has made the document available to stock exchanges and on its website. The disclosure underscores the company’s ongoing engagement with capital markets and provides stakeholders with updated performance information that may influence investor assessment of its operational progress and financial health.