SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Kalpataru Ltd (KALPATARU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544423 NSE: KALPATARU Construction - Real Estate | Small Cap | Kalpataru Share Price

₹273.40 -3.55 (-1.28%)

As on 17-Jul'26 16:59

Kalpataru Ltd (KALPATARU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544423 NSE: KALPATARU Construction - Real Estate | Small Cap | Kalpataru Share Price

₹273.40 -3.55 (-1.28%)

As on 17-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,630 Cr.
Current Price
₹273.4
52-Week Low / High
₹257 / 427
TTM EPS
₹-0.8
TTM Sales
₹210 Cr.
Book Value per Share
₹198.4
P/E Ratio
0.00
Industry PE
49.3
Price to Book (P/B)
1.38
In line with its 5-year historical median
Price to Sales (P/S)
26.83
Higher than its 5-year historical median
EV/EBITDA
41.27
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-0.49%
Underperforms industry median
Return on Capital Employed (ROCE)
2.71%
Underperforms industry median
Return on Assets (ROA)
-0.23%
Operating Profit Margin
7.9%
Net Profit Margin
-7.74%
Gross Profit Margin
-2.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-25.81%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-71.12%
Net Profit Growth (1 Year)
-
-169.81%
Asset Quality
Promoter Holding
81.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,880 Cr.
Equity
₹205.9 Cr.
Face Value
₹10
All Time Low / High
₹256.65 / 458.10

Kalpataru stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Kalpataru Ltd a good quality company?
Kalpataru Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Kalpataru Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kalpataru Ltd vs industry peers?
Kalpataru Ltd revenue CAGR is -16.04%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Kalpataru Ltd?
Promoters hold 81.34% of the Kalpataru Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kalpataru Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kalpataru Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 5.8%5.1%6.6%8.8%10.1%8.1%10.2%9.5%6.2%2.7%-
Value Creation
Index
-0.6-0.6-0.5-0.4-0.3-0.4-0.3-0.3-0.6-0.8-

Growth Parameters

Sales 233422492678605327339293283210210
Sales YoY Gr.-80.9%16.6%37.7%-10.8%-45.9%3.6%-13.4%-3.6%-25.8%-
Adj EPS 0.91.910.5-0.20.22.15.91.4-0.9-0.8
YoY Gr.-107.9%-46%-50%-146%NA850%179.9%-75.9%-165.3%-
BVPS (₹) 72.774.675.676.377.477.27979.6153.8198.4198.4
Adj Net
Profit
12.425.913.97-3.23.129.281.723.6-18.9-16
Cash Flow from Ops. -216-68.6-24122251368923724.3206-44.8-
Debt/CF from Ops. -6.9-33.9-10.611.44.94.311.3122.613.3-47.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -1.2%-19.1%-14.8%-25.8%
Adj EPS -200.4%NA-176.1%-165.3%
BVPS11.8%20.7%35.9%29%
Share Price - - - -34.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1.22.51.30.7-0.30.32.77.41.3-0.6-0.4
Op. Profit
Mgn %
121.2623.620.113.825.941.620.47.97.9
Net Profit
Mgn %
5.36.12.81-0.50.98.627.98.4-9-7.8
Debt to
Equity
1.52.22.42.42.32.72.42.71.10.50.3
Working Cap
Days
3,1111,9051,8161,4001,5853,5323,8564,5396,08710,7205,028
Cash Conv.
Cycle
1,6001,0501,0457295355804883878642,0353,331

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales233422492678605327339293283210
Operating Expenses + 206417463518483295251171226193
Manufacturing Costs1111075788143197333414
Material Costs732282141863371162-120-228-382
Employee Cost 76119171155493643333164
Other Costs 56697771415663619097
Operating Profit 2852916012132881225716
Operating Profit Margin (%) 11.9%1.2%5.9%23.6%20.1%9.7%25.8%41.6%20.2%7.9%
Other Income + 136173224184263298328271254162
Exceptional Items 800000000-2
Interest 119126209309341289347243250184
Depreciation 32282525222220191921
Profit Before Tax 2123201022194913141-28
Tax -3-363624204918-12
Profit After Tax 242614716-4298223-16
PAT Margin (%) 10.2%6.1%2.8%1.0%2.6%-1.3%8.6%27.8%8.2%-7.7%
Adjusted EPS (₹)1.71.91.00.51.1-0.32.15.91.4-0.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Kalpataru - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,0161,0421,0561,0651,0811,0771,1031,1122,5754,085
Share Capital 140140140140140140140140167206
Reserves 8769029169259429389649722,4083,880
Debt +1,3892,1732,3252,0162,2242,8792,4512,8262,2481,895
Long Term Debt8059291,6521,4751,4541,9491,8772,2221,6791,334
Short Term Debt5841,244674541770931574604570561
Minority Interest0000000000
Trade Payables7264163464029111140130
Others Liabilities 2293004017635873165114471,4591,562
Total Liabilities 2,6413,5413,8233,9083,9394,3134,0944,4966,4237,672

Fixed Assets

Net Fixed Assets +25181613118761551
Gross Block43404246474440405090
Accumulated Depreciation17222633363733343539
CWIP 547189114000000
Investments 79818821814815989898101160
Inventories1,0671,0761,2321,0463112772904191,0301,468
Trade Receivables8723432038329527115213110782
Cash Equivalents 59318243892122170335377
Others Assets 1,2701,3211,3271,5142,4693,5673,4253,6734,8355,535
Total Assets 2,6413,5413,8233,9083,9394,3134,0944,4966,4237,672

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -216-69-24122251368923724206-45
PBT 2123201022194913141-28
Adjustment 52559118843531-242562
Changes in Working Capital -227-96-306122378665135-41142-42
Tax Paid -14-21-13-2830-3122-41-2-37
Cash Flow From Investing Activity + 215-69922464-217-850414-39-1,109-660
Capex 16-25-31-17-20-2-1-2-13-42
Net Investments 0-80038569745-1567-6-54
Others 19912521677-265-1,594430-104-1,090-564
Cash Flow From Financing Activity 537121-318-329150-619-3709687
Net Proceeds from Shares + 0000000000
Net Proceeds from Borrowing 10617686071-276348-23667-245981
Interest Paid -115-127-224-204-258-291-335-234-255-216
Dividend Paid 0000000000
Others 62663-635-18520692-471641,209-77
Net Cash Flow 53-56-17-32-32-1232-18-194-17

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)2.372.511.30.651.47-0.392.667.371.26-0.49
ROCE (%)5.845.086.558.8310.118.1110.189.526.22.71
Asset Turnover Ratio0.090.140.130.180.150.080.080.070.050.03
PAT to CFO Conversion(x)-9-2.65-17.2131.7132.06N/A8.170.298.96N/A
Working Capital Days
Receivable Days90.10139205.60189.40204.60316.10228.10175.70153.20164.10
Inventory Days1,526.60926.30856613.50409.80328.50305.50440.80935.302,173
Payable Days43.7026.6056.90102.1059.30134.507,540-212.60-200.70-129

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kalpataru Ltd FAQs

The current trading price of Kalpataru on 17-Jul-2026 16:59 is ₹273.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Jul-2026 the market cap of Kalpataru stood at ₹5,629.9 Cr

The latest P/E ratio of Kalpataru as of 16-Jul-2026 is 0.00.

The latest P/B ratio of Kalpataru as of 16-Jul-2026 is 1.38.

The 52-week high of Kalpataru is ₹426.9 and the 52-week low is ₹256.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalpataru is ₹210 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kalpataru Ltd is a below average quality company.

The key valuation ratios of Kalpataru Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kalpataru Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Kalpataru Ltd

Kalpataru Limited was originally incorporated as ‘Kalpataru Homes Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 22, 1988, issued by the Additional Registrar of Companies, Maharashtra, Bombay. The name of the company was changed to ‘Kalpataru Homes Limited’, upon its conversion into a public company, pursuant to a board resolution and a special resolution passed in the extra ordinary general meeting of the Shareholders, each dated April 3, 1995, and a fresh certificate of incorporation dated May 16, 1995, issued by the Additional Registrar of Companies, Maharashtra, Bombay. 

Subsequently, the name of the company was changed to ‘Kalpataru Limited’ to envisage wider horizon in terms of all type of the real estate development, pursuant to a board resolution dated December 5, 2007, and a special resolution passed in the extra ordinary general meeting of the Shareholders held on January 28, 2008, and a fresh certificate of incorporation consequent upon change of name was issued by the Deputy Registrar of Companies, Maharashtra at Mumbai dated February 1, 2008.

The company is an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of its projects. It is a prominent real estate developer in the Mumbai Metropolitan Region (MMR) and are present across all micro-markets in MMR. It focuses on the development of luxury, premium, and mid income residential, commercial, and retail projects, integrated townships, lifestyle gated communities, and redevelopments.

It focuses on the development of luxury, premium, and mid-income residential, commercial, and retail projects, integrated townships, lifestyle gated communities, and redevelopments. For its residential developments, it builds and sell a wide range of properties including villas, duplexes, apartments, and plots of varying sizes, with a primary focus on luxury, premium, and mid-income residential real estate. In its retail developments, it develops, manages and leases units within shopping malls. Its integrated township developments and lifestyle gated community projects typically consist of the development, sale or lease and management of residential, commercial and retail developments.

Business area of the company

The company together with its subsidiaries, partnership firms, limited liability partnerships, associates and joint ventures is primarily engaged in real estate development, leasing and renting business and agriculture activities.

Awards, accreditations or recognitions

  • 2025: 16th Realty+ Conclave Excellence Awards 2025 - Pune- Residential Project of the Year awarded to Kalpataru Limited for Kalpataru Blossoms.
  • 2025: 16th Realty+ Conclave Excellence Awards 2025 - Pune- Iconic Project of the Year awarded to Kalpataru Limited for Jade Skyline.
  • 2025: 16th Realty+ Conclave Excellence Awards 2025 - Hyderabad - Mixed-Use Project of the Year awarded to Kalpataru Limited for Kalpataru Avante.
  • 2025: Realty+ India Brand Leadership Conclave & Awards, 2025- Innovative Digital Marketing Campaign awarded to Kalpataru Limited for Kalpataru Aria phase 3.
  • 2025: Realty+ India Brand Leadership Conclave & Awards, 2025 - Best User Experience Website awarded to Kalpataru Limited for Kalpataru Website.
  • 2025: Realty+ India Brand Leadership Conclave & Awards, 2025 - Best Drone Shoot AV awarded to Kalpataru Limited for GCP FPV.
  • 2025: Realty+ India Brand Leadership Conclave & Awards, 2025 - Best Walkthrough AV awarded to Kalpataru for Kalpataru Advay.
  • 2025: The Economic Times Real Estate Awards - Plotted Development Project (Ongoing: West) awarded to Kalpataru Limited - Kalpataru Aria.
  • 2025: The Economic Times Real Estate Awards - Residential Project Township (Ongoing: West) awarded to Kalpataru Limited - Kalpataru Parkcity.
  • 2024: Kalpataru Limited Awarded Developer of the year - Luxury at the 15th Realty+ Conclave Excellence Awards 2024, Pune.
  • 2024: 10th CIA WORLD Construction & Infra Awards for Best Developer in Redevelopment project awarded for Kalpataru Limited.
  • 2024: 10th CIA WORLD Construction & Infra Awards 2024 for Best Upcoming Project in Residential - Ongoing awarded for Kalpataru Advay.
  • 2024: 10th CIA WORLD Construction & Infra Awards 2024 - Best Upcoming Project in Commercial - Ongoing awarded for Kalpataru Virtus.
  • 2024: 10th CIA WORLD Construction & Infra Awards 2024 - Best Developer in Redevelopment project - Residential.
  • 2024: ET Real Estate Awards 2024 – Residential Project High End (West: Ongoing) awarded to Kalpataru.
  • 2024: ET Real Estate Awards 2024 – Residential Project Mixed Use (West: Ongoing) awarded to Kalpataru Elitus.
  • 2024: Indian Digital Marketing Awards- IDMA 2024 awarded to Kalpataru Aria.
  • 2024: Adsync Awards - Ultra Luxury Project of the Year awarded to Kalpataru Oceana.
  • 2023: Awarded ‘Real Estate Destination of the Year’ at the 15th Realty+ Conclave & Excellence Awards - 2023 for Kalpataru Parkcity.
  • 2023: Awarded ‘Commercial Project of the Year’ at the 15th Realty+ Conclave & Excellence Awards 2023, for Kalpataru Summit.
  • 2023: Awarded ‘Ultra Luxury-Lifestyle Project of the Year’ at the 15th Realty+ Conclave & Excellence Awards - 2023, for Kalpataru.
  • 2023: ‘Brand of the year - Kalpataru Limited’ award at the Real Estate & Business Excellence Awards.
  • 2023: Awarded ‘Residential Project – Developer (Metro)’ at the ET Real Estate Conclave Awards 2023 by the Economic Times & Times Internet.
  • 2022: Awarded “Commercial Project of the Year” at the 14th Realty+ Conclave & Excellence Awards 2022, for Kalpataru Summit.
  • 2022: Awarded “Ultra Luxury-Lifestyle Project of the Year” at the 14th Realty+ Conclave & Excellence Awards 2022, for Kalpataru Oceana.
  • 2022: Awarded the Real Estate & Business Excellence Awards Adsync Advertising LLC & CNBC Awaaz - Brand of the Year for Kalpataru Limited.
  • 2022: Awarded ‘Residential Project – High End (Metro ongoing)’ at the ET Real Estate Awards 2022 - WEST for Kalpataru Vienta.
  • 2022: IGBC Green Champion Award for Developer Leading the Green Building, Movement in India.
  • 2022: Awarded ‘Developer of the Year - Residential’ at the 13th Realty+ Conclave & Excellence Awards – 2022.
  • 2021: Awarded the 13th Realty+ Conclave & Excellence Awards - 2021, West - Iconic Project of the Year for Kalpataru Elitus.
  • 2021: Awarded ‘Best Township Project MMR’ at the 6th CIA World Construction Awards.
  • 2021: Certificate of excellence for the “Developer of the Year – Luxury” at the Business Excellence Awards.
  • 2021: Real Estate and Business Excellence Awards by Adsync & CNN18 - Best Developer of the Year - Real Estate.
  • 2020: Residential Renovation/ Redevelopment India” Award to Kalpataru Magnus by Kalpataru Limited at the Asia Pacific Property Awards Development.
  • 2020: Asia Pacific Property Awards 2020 - Best Residential Development Kalpataru Parkcity.
  • 2020: Awarded “Best Ultra Luxury Project of the Year” to Kalpataru Solitaire by CIA World Builders and Building Material Awards.
  • 2019: Architecture and Interiors India Aces of Space Design Awards 2019 - Project Kalpataru Solitaire under Landscape Project of the Year
  • 2019: Awarded the ‘1st Prize in the Large Category’ Process Industry at 4th CII National 5S Excellence Awards 2019.
  • 2019: 2019 11th Realty Plus Excellence Awards - South: Residential project of the Year for Kalpataru Residency
  • 2019: Golden Brick Awards 2019: Best CSR Initiative of the Year National for Kalpataru Limited.
  • 2019: Golden Brick Awards 2019: Best Township Project within 200 Acres National for Kalpataru Parkcity.
  • 2019: Awarded the ‘Real Estate Company of the Year’ Award at the Construction Week India Awards 2019.
  • 2018: ‘Iconic Project of the Year’ for Kalpataru Vista Award at the Realty+ Conclave & Excellence Awards 2018.
  • 2018: ‘Amenities Project of the Year (Regional) Kalpataru Jade, Kalpataru Limited’ Award at the Golden Bricks Awards 2018.
  • 2017: ‘Golden Brick Awards 2017 (National Category) - Luxury Project of the Year’ for Amoda Reserve South Park at the Golden Brick Awards, 2017.
  • 2017: ‘Best Residential High-rise Architecture India’ Award for Kalpataru Avahan by Kalpataru Limited at the Asia Pacific Property Awards Architecture.
  • 2017: Best Paid Advertising awarded to Kalpataru & IdeateLabs at the Global Marketing Excellence Awards.
  • 2016: ‘Developer of the Year - Luxury’ Award at Navabharat Realty Business Achievers Awards. 

History and milestones

  • 1990: Completed commercial project Kalpataru Plaza in Pune, Maharashtra.
  • 1991: Completed residential project Kalpataru Apartments in Bengaluru, Karnataka.
  • 1993: Completed its residential project Kalpataru Habitat in Pune, Maharashtra.
  • 1998: Completed the residential project Nakshatra in Mumbai, Maharashtra.
  • 1999: Completed the residential project, Siddhachal (phases I & II) in Thane, Mumbai, Maharashtra.
  • 2002: Completed the commercial project Kalpataru Point in Mumbai, Maharashtra
  • 2003: Completed the residential project Kalpataru Residency in Mumbai, Maharashtra
  • 2005: Completed the residential project Kalpataru Gardens Phase I in Mumbai, Maharashtra.
  • 2006: The Registered Office of the Company has been shifted to Kalpataru Synergy, Santacruz, Mumbai, Maharashtra
  • 2007: Implementation of SAP ERP system in 2007, allowing it to professionally manage its business by adopting advance technology over the last decade and a half
  • 2008: Completed the commercial project Kalpataru Square in Mumbai, Maharashtra and it is the first LEEDCS 2.0 platinum certified project in Asia and 6th in the world.
  • 2010: Launched its first retail mall, Korum Mall, in Thane, Maharashtra.
  • 2010: Completed the residential project Kalpataru Aura, Phase I in Mumbai, Maharashtra.
  • 2011: It has initiated the acquisition of land for its first integrated township project, Kalpataru Parkcity.
  • 2013: Completed the residential project Kalpataru Riverside in Panvel, Navi Mumbai, Maharashtra.
  • 2015: Commenced the development of luxury villas at Amoda Reserve, Lonavala.
  • 2018: Completed the residential redevelopment project Kalpataru Solitaire in Juhu, Mumbai, Maharashtra.
  • 2019: Completed the residential project Sunrise in Kalpataru Parkcity, Thane, Maharashtra.
  • 2020: Completed the commercial project Kalpataru Infinia in Pune, Maharashtra.
  • 2021: Completed the residential project Kalpataru Residency in Hyderabad, Telangana.
  • 2022: Completed the residential project Kalpataru Woodsville in Mumbai, Maharashtra.
  • 2022: Commenced plotted development in Karjat, Maharashtra.
  • 2024: Inauguration of Namo Grand Central Park in Thane, Maharashtra.
  • 2024: Completed the residential project Kalpataru Bliss in Mumbai, Maharashtra.
  • 2024: Completed the residential project Kalpataru Imperia in Mumbai, Maharashtra.

You have 4 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: