Kalpataru Projects International Limited (IN:KPIL)
:KPIL
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Kalpataru Projects International Limited
(KPIL)
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Rating:73Outperform
Price Target:
₹1,231.00
▲(2.76% Upside)
Action:UpgradedDate:11/05/25
Kalpataru Projects International Limited's overall score is driven by strong financial performance and positive technical indicators. The company's revenue growth and operational efficiency are significant strengths, though rising liabilities and cash flow challenges present some risks. The stock's valuation suggests it may be overvalued, which could limit upside potential. The absence of earnings call and corporate events data means these factors did not influence the score.
Positive Factors
Sustained Revenue Growth
Revenue growth near 25% indicates expanding project wins and backlog replenishment. For an EPC firm, sustained top-line growth over successive periods supports scale benefits, improves supplier leverage, and strengthens competitive positioning across power, water, rail and urban infrastructure markets.
Negative Factors
Weak Free Cash Flow
Declining free cash flow and a FCF-to-net-income of 0.58 show cash conversion weakness despite positive operating cash. For an EPC business with high working-capital needs, limited free cash constrains reinvestment, bid competitiveness and cushioning for project delays over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue growth near 25% indicates expanding project wins and backlog replenishment. For an EPC firm, sustained top-line growth over successive periods supports scale benefits, improves supplier leverage, and strengthens competitive positioning across power, water, rail and urban infrastructure markets.
Read all positive factors
Kalpataru Projects International Limited (KPIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹188.56B
Dividend Yield0.77%
Average Volume (3M)4.38K
Price to Earnings (P/E)33.7
Beta (1Y)1.48
Revenue Growth25.09%
EPS Growth50.01%
CountryIN
Employees8,441
SectorReal Estate
Sector Strength53
IndustryEngineering & Construction
Share Statistics
EPS (TTM)10.60
Shares Outstanding170,772,550
10 Day Avg. Volume2,857
30 Day Avg. Volume4,382
Financial Highlights & Ratios
PEG Ratio2.09
Price to Book (P/B)2.49
Price to Sales (P/S)0.73
P/FCF Ratio47.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,408.00Price Target Upside17.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)69.74
Revenue Forecast (FY)₹320.12B
Kalpataru Projects International Limited Business Overview & Revenue Model
Company Description
Kalpataru Projects International Limited provides engineering, procurement, and construction (EPC) services relating to buildings and factories, power transmission and distribution, roads and bridges, water pipelines, railway track laying and elec...
How the Company Makes Money
KPIL primarily makes money by winning and executing EPC and construction contracts for infrastructure clients. Revenue is recognized from contract execution (typically based on project progress/milestones or percentage-of-completion, depending on ...
Kalpataru Projects International Limited Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
71
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 254.99B | 223.16B | 196.26B | 163.61B | 147.77B | 129.49B |
| Gross Profit | 60.47B | 58.53B | 52.07B | 42.40B | 38.90B | 38.14B |
| EBITDA | 20.27B | 17.29B | 16.55B | 12.97B | 11.20B | 13.97B |
| Net Income | 8.21B | 5.86B | 5.10B | 4.41B | 5.40B | 6.71B |
Balance Sheet | ||||||
| Total Assets | 264.90B | 255.84B | 220.38B | 195.81B | 172.12B | 153.54B |
| Cash, Cash Equivalents and Short-Term Investments | 11.19B | 19.09B | 10.18B | 14.85B | 11.70B | 6.63B |
| Total Debt | 48.28B | 43.14B | 40.08B | 37.87B | 38.38B | 32.60B |
| Total Liabilities | 195.63B | 191.15B | 169.25B | 148.88B | 127.94B | 114.95B |
| Stockholders Equity | 69.62B | 65.13B | 51.38B | 47.20B | 42.79B | 37.38B |
Cash Flow | ||||||
| Free Cash Flow | -8.26B | 3.39B | 4.91B | -1.15B | 4.06B | 6.70B |
| Operating Cash Flow | -4.12B | 9.14B | 8.43B | 6.56B | 7.14B | 9.31B |
| Investing Cash Flow | -3.95B | -7.18B | -2.63B | -3.26B | -2.55B | 77.50M |
| Financing Cash Flow | -294.80M | 4.00B | -5.24B | -4.38B | 249.90M | -8.97B |
Kalpataru Projects International Limited Technical Analysis
Neutral
1197.95
Price Trends
1115.82
Negative
1154.39
Negative
1190.36
Negative
Market Momentum
-14.50
Negative
50.45
Neutral
70.68
Neutral
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 above the 20-day moving average (MA) of 1092.55, above the 50-day MA of 1115.82, and above the 200-day MA of 1190.36, indicating a neutral trend. The MACD of -14.50 indicates Negative momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 70.68 is Neutral, 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 (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹295.62B | 40.17 | ― | 0.00% | 14.72% | -4.44% | |
73 Outperform | ₹188.56B | 33.73 | ― | 0.77% | 25.09% | 50.01% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ₹168.34B | 29.00 | ― | 0.28% | 11.20% | 57.52% |
* Real Estate Sector Average
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Kalpataru Projects International Limited Corporate Events
Kalpataru Projects Wins ₹4,439 Crore in Global Power T&D Orders
Mar 24, 2026
Kalpataru Projects International Limited and its subsidiaries have secured new transmission and distribution contracts worth about ₹4,439 crore, including a 400 kV transmission line and substations in Africa, transmission line projects in In...
Kalpataru Projects Schedules Analyst and Investor Meet in Mumbai
Mar 18, 2026
Kalpataru Projects International Limited has announced that its officials will meet analysts and institutional investors in a group meeting scheduled for March 25, 2026, in Mumbai. The company has clarified that no unpublished price-sensitive info...
Kalpataru Subsidiary Fasttel Seeks Judicial Reorganization in Brazil
Mar 6, 2026
Kalpataru Projects International has disclosed that its step-down wholly owned Brazilian subsidiary, Fasttel Engenharia S.A., has filed for Judicial Reorganization under Brazil’s Lei nº 11.101/2005. The court-supervised process allows F...
Kalpataru Projects Schedules Virtual Analyst Meet for Bharat Connect Conference
Mar 5, 2026
Kalpataru Projects International Limited has announced its participation in the Bharat Connect Conference: Rising Stars – March 2026, organized by Arihant Capital Markets Ltd. The event, scheduled for March 11, 2026, will be held virtually a...
Kalpataru Projects Flags UAE Penalties, Brazil Loan Prepayment and Indian Tax Demand
Feb 27, 2026
Kalpataru Projects International disclosed that its UAE branches have received penalties totaling about AED 758,950 for violations related to the National In-Country Value Program and Emiratization regulations, but stated these do not have a signi...
Kalpataru Projects Posts Robust Q3 FY26 Growth, Trims Debt and Strengthens Order Book
Feb 4, 2026
Kalpataru Projects International Limited reported strong financial results for the quarter and nine months ended 31 December 2025, with consolidated revenue rising 16% year-on-year in the third quarter to ₹6,665 crore and 27% for the nine-mo...
Kalpataru Projects Files SEBI Dematerialisation Compliance Certificate for December Quarter
Jan 6, 2026
Kalpataru Projects International Limited has submitted to the stock exchanges a compliance certificate from its Registrar and Transfer Agent, MUFG Intime India Private Limited, confirming adherence to Regulation 74(5) of the SEBI (Depositories and...
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.