Kalpataru Project INT Ltd
NSE: KPIL · Civil Construction · sector
₹1,295.90NSE close 2026-10-26
Key numbers
Market cap₹22,134 cr
Price₹1,295.90
52w high / low₹1,490 / ₹1,007
P/E19.5xSector median 12.2x
P/B2.8xSector median 1.3x
Book value₹455.3
Dividend yield0.69%Sector median 0.76%
ROE15.9%Sector median 10.2%
ROCE17.7%Sector median 12.9%
OPM8.4%Sector median 10.7%
Debt / equity0.43xSector median 0.36x
EV/EBITDA10.2xSector median 8.8x
Interest cover4.3x
Current ratio1.23x
Sales growth 3y+18.4%Sector median +6.7%
Profit growth 3y+33.1%Sector median +5.8%
PEG0.70x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,842 cr vs borrowings ₹3,307 cr (FY26): borrowings are higher by ₹1,465 cr.
- Operating profit covered interest 4.3x in the last 12 months.
- 24.56% of the promoters' shares are pledged (8.2% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 15% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,295.90 on 2026-10-26: -13.0% from the 52-week high, +28.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,439.60 · low ₹840.55
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,930 | 5,732 | 7,067 | 6,171 | 6,529 | 6,665 | 7,778 | 6,408 |
| EBITDA | 438 | 479 | 538 | 525 | 561 | 484 | 706 | 562 |
| OPM % | 8.9% | 8.4% | 7.6% | 8.5% | 8.6% | 7.3% | 9.1% | 8.8% |
| Other income | 17 | 10 | 13 | 16 | 23 | 28 | 37 | 77 |
| Net profit | 126 | 142 | 225 | 214 | 240 | 152 | 434 | 310 |
| EPS (₹) | 7.73 | 8.67 | 13.42 | 12.51 | 14.06 | 8.91 | 25.42 | 18.16 |
| Revenue YoY | +32.4% | +16.3% | +10.1% | +3.8% | ||||
| Profit YoY | +91.3% | +7.2% | +92.6% | +45.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 14,777 | 16,361 | 19,626 | 22,316 | 27,143 | 27,380 |
| EBITDA | 1,354 | 1,461 | 1,628 | 1,834 | 2,276 | 2,313 |
| Net profit | 540 | 441 | 510 | 586 | 1,040 | 1,136 |
| EPS (₹) | 36.28 | 29.06 | 31.37 | 35.53 | 60.90 | 66.55 |
| Revenue growth | +10.7% | +20.0% | +13.7% | +21.6% | +14.6% | |
| Profit growth | -18.3% | +15.6% | +14.8% | +77.6% | +60.9% | |
| Dividend / share (₹) | 1.50 | 6.50 | 7.00 | 8.00 | 9.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.4% | +16.0% | +14.6% |
| Net profit | +33.1% | +9.2% | +60.9% |
| EPS | +28.0% | +6.6% | – |
| Share price | – | +0.9% (2y) | +2.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,720 | 5,138 | 6,513 | 7,777 |
| Borrowings | – | 3,683 | 3,910 | 4,189 | 3,307 |
| Cash & equivalents | – | 1,062 | 1,032 | 1,909 | 1,842 |
| Total assets | – | 19,581 | 22,038 | 25,584 | 27,713 |
| Fixed assets | – | 2,087 | 2,099 | 2,343 | 2,900 |
| Capital work in progress | – | 52 | 33 | 29 | 64 |
| Investments | – | 2 | 0 | 0 | 2 |
| Receivables | – | 5,251 | 5,805 | 7,817 | 8,405 |
| Inventory | – | 1,228 | 1,353 | 1,429 | 1,776 |
| Payables | – | 4,903 | 5,855 | 6,588 | 7,071 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 714 | 656 | 843 | 914 | 1,534 |
| Cash from investing | -214 | -326 | -263 | -718 | -0 |
| Cash from financing | 24 | -438 | -524 | 400 | -1,636 |
| Capex | 309 | 771 | 352 | 575 | 810 |
| Free cash flow | 405 | -115 | 491 | 339 | 724 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.3% | 9.9% | 9.0% | 13.4% |
| ROCE % | – | 13.2% | 13.5% | 13.1% | 16.9% |
| Debtor days | – | 117 | 108 | 128 | 113 |
| Inventory days | – | 64 | 60 | 61 | 69 |
| Payable days | – | 257 | 260 | 280 | 276 |
| Cash conversion cycle (days) | – | -76 | -92 | -91 | -94 |
| Working capital days | – | 58 | 54 | 63 | 59 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 33.58% |
| FIIs | 10.75% |
| DIIs | 44.85% |
| of which Mutual funds | 40.43% |
| of which Insurance | 2.55% |
| Public (non-institutions) | 10.82% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 33.52% | 33.52% | 33.52% | 33.57% | 33.57% | 33.58% | 33.58% | 33.58% |
| Promoter group | % |
|---|---|
| K C Holdings Pvt Ltd | 12.17% |
| Mofatraj Pukhraj Munot | 9.57% |
| Kalpataru Constructions Private Limited | 8.00% |
| Imtiaz Kanga | 1.08% |
| Sunita Vijay Choraria | 0.51% |
| Mofatraj P. Munot (Shares held by Mofatraj Munot as one of the Trustee of Aaryaveer Benefit Trust) | 0.45% |
| Mofatraj P. Munot (Shares held by Mofatraj P. Munot as one of the Trustee of Shubhika Benefit Trust) | 0.45% |
| Mofatraj P. Munot (Shares held by Mofatraj P. Munot as one of the Trustee of Saachi Benefit Trust) | 0.45% |
| Parag Mofatraj Munot | 0.37% |
| Kalpataru Holdings Pvt Ltd | 0.19% |
| Yasmin Imtiaz Kanga | 0.18% |
| Sudha Rajesh Golecha | 0.06% |
| Abhinav A. Daga | 0.04% |
| Shri Subham Global Trading LLP | 0.02% |
| Chandra Amar Munot | 0.01% |
| Public holders above 1% | % |
|---|---|
| Sbi Small Cap Fund | 8.54% |
| Hdfc Small Cap Fund | 8.16% |
| Icici Prudential Aggressive Hybrid Fund | 6.16% |
| Kotak Small Cap Fund | 5.92% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 2.72% |
| Mirae Asset Large Cap Fund | 2.17% |
| Aditya Birla Sun Life Mutual Fund - Aditya Birla Sun Life Flexi Cap Fund | 1.82% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund | 1.49% |
| Dsp Small Cap Fund | 1.38% |
| Icici Prudential Life Insurance Company Limited | 1.17% |
1,18,361 shareholders. Pledged: 24.56% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| RITES | ₹9,102 cr | 21.9x | 3.4x | 15.7% | 22.5% | 22.6% | -2.8% | 4.59% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| EPC | ₹26,649 cr | 97.9% | ₹1,618 cr | 6.1% |
| Development Projects | ₹309 cr | 1.1% | ₹208 cr | 67.6% |
| Others | ₹255 cr | 0.9% | ₹-10 cr | -3.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-29 | Dividend | Dividend - Rs 11 Per Share |
| 2025-06-23 | Dividend | Dividend - Rs 9 Per Share |
| 2024-06-28 | Dividend | Dividend - Rs 8 Per Share |
| 2023-07-06 | Dividend | Dividend - Rs 7 Per Share |
| 2022-07-27 | Dividend | Dividend - Rs 6.50 Per Share |
| 2021-07-07 | Dividend | Dividend - Rs 1.50 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 8.50 Per Share |
| 2020-08-04 | Other | Annual General Meeting |
| 2020-03-12 | Dividend | Interim Dividend - Rs 3.5 Per Share |
| 2019-07-22 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2018-07-30 | Dividend | Annual General Meeting/Dividend- Rs 2.5 Per Share |
| 2017-08-03 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2016-08-04 | Other | Annual General Meeting |
| 2016-03-21 | Dividend | Interim Dividend - Rs 1.50/- Per Share (Purpose Revised) |
| 2015-09-21 | Dividend | Annual General Meeting/ Dividend - Rs 1.50/- Per Share |
| 2014-09-18 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting/Dividend Rs 1.50/- Per Share |
| 2012-07-26 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2011-07-21 | Dividend | Dividend-Rs.1.50 Per Share |
| 2010-09-08 | Split | Face Value Split From Rs.10/- To Rs.2/- |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Transmission and Distribution: KPIL offers comprehensive services that include in-house design, testing, procurement, fabrication, construction, installation, and commissioning of power transmission lines and substations.
- Building and Factories: KPIL offers comprehensive services for executing civil works, designing and building composite projects, structural construction, finishing tasks, utility installations, and area development. Additionally, it collaborates with top industry partners to complete factory projects across various sectors, including automotive, FMCG, textile, power, government infrastructure, industrial, and building projects. These building projects encompass residential, commercial, and institutional structures, such as hospitals and educational facilities.
- Water: KPIL specializes in the design and construction of water intake systems, pipeline installation, water treatment, storage, supply, and distribution, as well as the operation and maintenance of these projects.
- Railways: KPIL provides a wide range of services through its railway division, including overhead electrification, traction substations, station construction, track laying, earthmoving, workshop development, signaling and telecommunication systems, power systems, and the civil works necessary for railway networks and integrated railway projects. Additionally, the Company is expanding its skills and service offerings in new areas such as dedicated rail corridors and rapid rail systems, among others.
- Oil and Gas: KPIL engages in EPC contracting for cross-country pipelines, terminals, and gas gathering stations serving the oil and gas industry across various regions.
- Infrastructure: KPIL provides Engineering, Procurement, and Construction (EPC) services for the design and building of highways, bridges and flyovers, airports, metro rail corridor stations, and transit terminals and hubs.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | KPIL |
| BSE code | 522287 |
| ISIN | INE220B01022 |
| Face value | ₹2.0 |
| Incorporated | 1981-04-23 |
| Website | www.kalpataruprojects.com |
| Plants (India / abroad) | 197 / 64 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.