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Kalpataru Projects International Limited
(KPIL)
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Rating:64Neutral
Price Target:
₹1,480.00
▲(23.54% Upside)
Action:Downgraded
Date:05/16/26
The score is primarily held back by weaker cash-flow quality and thinner/volatile margins despite steady revenue growth and an improving balance sheet. Technicals are supportive with the price above key longer-term moving averages, while valuation looks broadly fair with a moderate P/E but a low dividend yield.
Positive Factors
Revenue Growth
Consistent multi-year revenue growth, including a strong reported growth rate, indicates durable demand for the firm's EPC services and an ability to convert bids into executed work. That trend supports scale economics, steady topline visibility and long-term contract pipeline conversion.
Negative Factors
Margin Compression
A sharp decline in gross margin and persistently thin net margins point to structural margin pressure from price competition, contract mix or execution cost inflation. Lower margins reduce the firm’s buffer against project cost overruns and make earnings more sensitive to adverse project events.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent multi-year revenue growth, including a strong reported growth rate, indicates durable demand for the firm's EPC services and an ability to convert bids into executed work. That trend supports scale economics, steady topline visibility and long-term contract pipeline conversion.
Read all positive factors
Kalpataru Projects International Limited (KPIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹225.35B
Dividend Yield0.77%
Average Volume (3M)4.38K
Price to Earnings (P/E)21.7
Beta (1Y)1.42
Revenue Growth21.63%
EPS Growth72.43%
CountryIN
Employees28,649
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)60.90
Shares Outstanding170,772,550
10 Day Avg. Volume2,857
30 Day Avg. Volume4,382
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.32
Price to Sales (P/S)0.67
P/FCF Ratio63.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,466.00Price Target Upside22.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)71.4
Revenue Forecast (FY)₹310.97B
Kalpataru Projects International Limited Business Overview & Revenue Model
Company Description
Kalpataru Projects International Limited (KPIL) is a global provider of comprehensive engineering, procurement, and construction (EPC) services. The company specializes in a diverse range of critical infrastructure sectors, including power transmi...
How the Company Makes Money
KPIL primarily makes money by executing EPC and construction contracts for public-sector bodies, utilities, and private customers. Revenue is recognized from project execution—typically based on the stage of completion/progress (e.g., milestones o...
Kalpataru Projects International Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 271.43B | 223.16B | 196.26B | 163.61B | 147.77B |
| Gross Profit | 36.70B | 58.53B | 52.07B | 42.40B | 38.90B |
| EBITDA | 23.81B | 17.29B | 16.55B | 12.97B | 11.20B |
| Net Income | 10.40B | 5.86B | 5.10B | 4.41B | 5.40B |
Balance Sheet | |||||
| Total Assets | 277.13B | 255.84B | 220.38B | 195.81B | 172.12B |
| Cash, Cash Equivalents and Short-Term Investments | 20.79B | 19.09B | 10.18B | 14.85B | 11.70B |
| Total Debt | 35.43B | 43.14B | 40.08B | 37.87B | 38.38B |
| Total Liabilities | 199.80B | 191.15B | 169.25B | 148.88B | 127.94B |
| Stockholders Equity | 77.77B | 65.13B | 51.38B | 47.20B | 42.79B |
Cash Flow | |||||
| Free Cash Flow | 2.84B | 3.39B | 4.91B | -1.15B | 4.06B |
| Operating Cash Flow | 10.94B | 9.14B | 8.43B | 6.56B | 7.14B |
| Investing Cash Flow | -429.70M | -7.18B | -2.63B | -3.26B | -2.55B |
| Financing Cash Flow | -11.54B | 4.00B | -5.24B | -4.38B | 249.90M |
Kalpataru Projects International Limited Technical Analysis
Neutral
1197.95
Price Trends
1304.68
Negative
1224.65
Positive
1206.47
Positive
Market Momentum
4.37
Positive
42.31
Neutral
13.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KPIL, the sentiment is Neutral. The current price of 1197.95 is below the 20-day moving average (MA) of 1362.74, below the 50-day MA of 1304.68, and below the 200-day MA of 1206.47, indicating a neutral trend. The MACD of 4.37 indicates Positive momentum. The RSI at 42.31 is Neutral, neither overbought nor oversold. The STOCH value of 13.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KPIL.
Kalpataru Projects International Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | ₹81.90B | 22.45 | ― | 0.05% | 15.81% | 11.50% | |
64 Neutral | ₹225.35B | 21.68 | ― | 0.77% | 21.63% | 72.43% | |
64 Neutral | ₹120.13B | 25.36 | ― | 0.80% | 43.33% | 9.64% | |
63 Neutral | ₹63.05B | 29.56 | ― | 0.02% | 15.23% | 39.75% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹122.64B | 20.60 | ― | 1.56% | -15.69% | -18.10% | |
48 Neutral | ₹132.63B | 21.90 | ― | 0.74% | 7.59% | 4.98% |
* General Sector Average
IN:KPIL
Kalpataru Projects International Limited
1,319.60
138.03
11.68%
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Kalpataru Projects International Limited Corporate Events
Kalpataru Projects Schedules Global Investor Call on FY26 Results
May 6, 2026
Kalpataru Projects International Limited has scheduled an analyst and investor conference call on 15 May 2026 to discuss its audited financial results for the quarter and year ended 31 March 2026. The call, organized with DAM Capital Advisors, wil...
Kalpataru Projects Sets May 14 Board Meet to Approve FY26 Results, Weigh Dividend
May 6, 2026
Kalpataru Projects International Limited has scheduled a board meeting on 14 May 2026 to approve its standalone and consolidated audited financial results for the quarter and full year ended 31 March 2026, and to consider recommending a final divi...
Kalpataru Projects International Takes Full Control of Saudi Subsidiary
Apr 27, 2026
Kalpataru Projects International Limited has completed the process to acquire the remaining 35% equity stake in Kalpataru Projects Arabia Company from its joint venture partner, BIN Omairah Contracting Company Limited. With requisite approvals fro...
Kalpataru Projects Confirms SEBI Compliance on Dematerialised Shares
Apr 6, 2026
Kalpataru Projects International Limited has informed the stock exchanges that its registrar and share transfer agent, MUFG Intime India Private Limited, has issued a certificate confirming compliance with Regulation 74(5) of the SEBI (Depositorie...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.