Kalpataru Limited (KALPATARU)

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Kalpataru Limited (KALPATARU) · mywealthgrid

About

Kalpataru Limited operates in residential and commercial real estate development within the Consumer Discretionary sector, with a market cap of ₹5,893.89 Cr. The company's volatile recent earnings and 1-year return of −21.5% reflect both sector cyclicality and elevated valuations relative to profitability.

Face value: ₹10

Market cap

₹5,631 Cr

P/E

48.3×

P/B

1.4×

Dividend yield

ROE

2.8%

ROCE

2.6%

Debt / equity

2.23

OPM

3.6%

EPS (TTM)

₹5.7

Book value

₹199.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

High valuation (PE 50.54) relative to profitability: OPM 3.55% and ROE 2.84% raise questions about earnings quality and capital efficiency
High leverage (D/E 2.23) with thin mean margin creates limited debt-service cushion; margin compression would pressure cash flow
Earnings instability: net losses of ₹67.04 Cr (Dec 2025) and ₹29.04 Cr (Jun 2026) reflect project-timing lumpiness or execution challenges
Sector-typical: interest-rate sensitivity, credit availability, land-cost inflation, construction delays, and regulatory uncertainty in Indian real estate

Generated analysis · source review pending

Growth drivers

Mar 2026 revenue of ₹1,693.73 Cr at 12.84% OPM demonstrates earning power when projects complete; growth requires execution of current pipeline — verify upcoming handovers and pre-sales momentum
Operating margin range of −14.78% to +12.84% reflects project-by-project lumpiness; if results normalize toward highs, debt service on D/E 2.23 becomes more manageable — verify delivery schedule and project mix
Sector growth in residential and commercial real estate depends on urbanization, credit availability, and policy cycles — verify current market inventory, credit growth, and interest-rate outlook

Generated analysis · source review pending

308 historical price candles were omitted because the exchange source has not been verified.

₹273.5-1.9%1Y

Quick read

rule-based

Pros

+High promoter holding of 81.3% with no pledge

Cons

−Low return on equity of -2.2% (3-yr avg)
−Thin operating margin of 3.6%
−Heavily leveraged (debt/equity 2.2)

Research score

Structured signal from quality, growth, valuation and momentum.

24/100

Business quality: 2
Growth: 38
Valuation: 33

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	1,930	2,222	3,436
COGS	1,717	1,759	2,752
Gross profit	212	463	683
	341	406	565
	-128	57	119
OPM %	-6.7%	2.6%	3.5%
Depreciation	33	38	46
Interest	34	53	70
	110	110	93
Profit before tax	-86	76	96
Tax	22	51	16
Tax %	26.1%	67.4%	16.5%
	-108	25	80
PAT margin %	-5.6%	1.1%	2.3%
EPS (₹)	—	1.5	4.8
EPS adjusted (₹)	-7.7	1.3	4.6
Annual report	—	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	140	140	167	206
Reserves	—	880	2,314	3,911
	—	10,688	10,172	9,168
	—	2,163	3,722	4,398
Total equity & liabilities	—	13,871	16,375	17,682
	131	113	262	329
CWIP	—	146	105	109
Investments	—	620	621	560
	—	12,993	15,387	16,685
Total assets	—	13,871	16,375	17,682

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	376	488	848
	-132	-35	-142
	-275	-644	-577
Net cash flow	-31	-190	130
Free cash flow	327	446	711
CFO / Operating profit %	—	841.7%	694.6%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 55%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 223%

Return on equity

7 years: —
5 years: —
3 years: -3%
Last year: 2%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	11%	20.8%	19.9%
EBITDA margin %	-6.7%	2.6%	3.6%
EBIT margin %	-8.3%	0.9%	2.2%
PAT margin %	-5.6%	1.1%	2.3%
Working capital
Receivable days	118	128	68
Inventory days	2,264	2,655	1,812
Payable days	90	141	91
NWC days	2,292	2,642	1,789
Leverage
Current ratio	1.46	1.49	1.53
Debt to EBITDA	—	175.35	75.07
Debt to equity	10.48	4.1	2.23
Interest coverage	-1.5	2.5	2.5
Asset turnover	0.14	0.14	0.19
Return ratios
Return on assets %	-0.8%	0.2%	0.5%
Return on capital employed %	-1%	2.3%	2.6%
Return on equity %	-10.6%	1%	1.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	81.34%	81.34%	81.34%	81.34%	81.34%
	7.66%	7.68%	7.96%	8.09%	5.87%
	6.26%	6.79%	6.51%	6.29%	8.24%
Government	0%	0%	0%	0%	0%
	4.74%	4.19%	4.19%	4.28%	4.55%
No. of shareholders	—	60,937	57,050	54,264	53,683

Promoter holding up 0 percentage points since Mar 2025.

4 deals · 11 May 2026 – 11 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 May 2026	GSS OPPORTUNITIES INVESTMENT I VCC	Block	NSE	Sell	48,32,604	₹385.15	₹186.13 Cr
11 May 2026	GSS INDIA OPPORTUNITIES AIF -SCHEME I	Block	NSE	Buy	48,32,604	₹385.15	₹186.13 Cr
11 May 2026	GSS OPPORTUNITIES INVESTMENT I VCC	Bulk	NSE	Sell	48,32,604	₹385.15	₹186.13 Cr
11 May 2026	GSS INDIA OPPORTUNITIES AIF -SCHEME I	Bulk	NSE	Buy	48,32,604	₹385.15	₹186.13 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. MOFATRAJ PUKHRAJ MUNOTNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. PARAG MOFATRAJ MUNOTExecutive Director-MD
Mr. IMTIAZ ISMAIL KANGANon-Executive - Non Independent Director
Mr. NARENDRA KUMAR LODHAExecutive Director
Mrs. ANJALI KARAMNARAYAN SETHNon-Executive - Independent Director
Mr. SUNIL REWACHAND CHANDIRAMANINon-Executive - Independent Director
Mr. NARAYAN KEELVEEDHI SESHADRINon-Executive - Independent Director
Mr. SATISH RAJARAM BHUJBALNon-Executive - Independent Director
Mr. Chandrashekhar JoglekarChief Financial Officer
Mr. Gajendra MewaraCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

4.73%

of the company's equity

All mutual funds

4.98%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

6 schemes · 3 fund houses

		Shares
Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP)	SBI Mutual Fund	55.84 L	155	2%	2.712%	-0
Infrastructure Fund	SBI Mutual Fund	25 L	69.4	1.44%	1.214%	-0
Multi Cap FundNEW	ICICI Prudential Mutual Fund	6.51 L	18.08	0.09%	0.316%	—
Resurgent India Opportunities Scheme	SBI Mutual Fund	6.47 L	17.97	2.44%	0.314%	-0
HOUSING OPPORTUNITIES FUND	ICICI Prudential Mutual Fund	3.48 L	9.67	0.35%	0.169%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	116	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

May 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results3 Aug 2026

1

Earnings call4 Aug 2026call

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

28 Sept 2026, 7:55 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

17 Sept 2026, 11:24 amCompany Update

Disclosure With Regard To Appeal Filed By GST Authority With Hon'Ble GST Appellate Tribunal, Against The Order In Appeal Issued By Principal Commissioner (Appeals-I), In Relation To Abacus Real Estate Pvt Ltd, A WOS Of The Company.

General PDF

10 Sept 2026, 7:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

9 Sept 2026, 7:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

4 Aug 2026, 10:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

4 Aug 2026, 9:42 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

3 Aug 2026, 7:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

3 Aug 2026, 7:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

Date	Category	Subject	Filing
28 Sept 2026, 7:55 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 11:24 am	Company Update General	Disclosure With Regard To Appeal Filed By GST Authority With Hon'Ble GST Appellate Tribunal, Against The Order In Appeal Issued By Principal Commissioner (Appeals-I), In Relation To Abacus Real Estate Pvt Ltd, A WOS Of The Company.

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	11%	20.8%	19.9%
EBITDA margin %	-6.7%	2.6%	3.6%
EBIT margin %	-8.3%	0.9%	2.2%
PAT margin %	-5.6%	1.1%	2.3%
Working capital
Receivable days	118	128	68
Inventory days	2,264	2,655	1,812
Payable days	90	141	91
NWC days	2,292	2,642	1,789
Leverage
Current ratio	1.46	1.49	1.53
Debt to EBITDA	—	175.35	75.07
Debt to equity	10.48	4.1	2.23
Interest coverage	-1.5	2.5	2.5
Asset turnover	0.14	0.14	0.19
Return ratios
Return on assets %	-0.8%	0.2%	0.5%
Return on capital employed %	-1%	2.3%	2.6%
Return on equity %	-10.6%	1%	1.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Kalpataru Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Other corporate actions1

Announcements

Ratio timeline

Board meetings1

Other corporate actions1

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1