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

₹270.90 13.25 (5.14%)

As on 18-Sep'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

₹270.90 13.25 (5.14%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,579 Cr.
Current Price
₹270.9
52-Week Low / High
₹250 / 409
TTM EPS
₹5.7
TTM Sales
₹3,465 Cr.
Book Value per Share
₹196.7
P/E Ratio
47.84
Industry PE
43
Price to Book (P/B)
1.38
In line with its 5-year historical median
Price to Sales (P/S)
1.61
Lower than its 5-year historical median
EV/EBITDA
65.07
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.43%
Outperforms industry median
Return on Capital Employed (ROCE)
1.28%
Underperforms industry median
Return on Assets (ROA)
0.47%
Operating Profit Margin
3.6%
Net Profit Margin
2.33%
Gross Profit Margin
4.5%
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)
-
110.52%
Net Profit Growth (1 Year)
-
223.2%
Asset Quality
Promoter Holding
81.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,845 Cr.
Equity
₹205.9 Cr.
Face Value
₹10
All Time Low / High
₹250.05 / 458.10

Kalpataru stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Kalpataru Ltd a good quality company?
Kalpataru Ltd is a average quality company, based on a somewhat consistent 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 25.33%, compared to the industry median CAGR of 0%, indicating faster growth and gaining 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 1 year(s), the stock has delivered a CAGR of -30.85% 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat 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 233422492678605327339293283210209
Sales YoY Gr.-80.9%16.6%37.7%-10.8%-45.9%3.6%-13.4%-3.6%-25.8%-
Adj EPS 0.91.910.5-0.20.22.15.91.4-0.9-0.3
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
12.425.913.97-3.23.129.281.723.6-18.9-5
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 - - - -30.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1.22.51.30.7-0.30.32.77.41.3-0.6-0.1
Op. Profit
Mgn %
121.2623.620.113.825.941.620.47.95
Net Profit
Mgn %
5.36.12.81-0.50.98.627.98.4-9-2.5
Debt to
Equity
1.52.22.42.42.32.72.42.71.10.5-
Working Cap
Days
3,1111,9051,8161,4001,5853,5323,8564,5396,08710,7205,028
Cash Conv.
Cycle
1,6001,0501,0457295355804883878642,0353,331

Valuation of Kalpataru - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales9141,4871,3991,3591,1111,0013,6331,9302,2223,436
Operating Expenses + 7081,3128298635561,0483,7128812,1643,314
Manufacturing Costs11,086425376246011,3583,5053,280
Material Costs514271392291788493,397-817-1,745-525
Employee Cost 91721331345972129124130216
Other Costs 10212713212472127186216273342
Operating Profit 206175571496555-48-791,04958122
Operating Profit Margin (%) 22.6%11.8%40.8%36.5%50.0%-4.8%-2.2%54.4%2.6%3.6%
Other Income + 13418227323828824883110110101
Exceptional Items 000000000-8
Interest 1892147037528653061301,2125370
Depreciation 51464238333332333846
Profit Before Tax 1009799-57-55-138-159-867696
Tax 224232-11-1-1768225116
Profit After Tax 785567-46-54-122-227-1082580
PAT Margin (%) 8.5%3.7%4.8%-3.4%-4.8%-12.2%-6.2%-5.6%1.1%2.3%
Adjusted EPS (₹)5.63.13.9-1.6-2.9-8.7-14.4-6.81.34.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,2991,3431,3781,3641,3031,4291,2221,0202,4814,099
Share Capital 140140140140140140140140167206
Reserves 1,1601,2031,2381,2241,1641,2891,0828802,3143,893
Debt +4,0765,6035,5655,4816,71610,1859,26110,3819,6158,342
Long Term Debt1,5862,0582,6732,7482,3742,9103,0853,9803,5082,797
Short Term Debt2,4893,5452,8922,7324,3417,2756,1766,4016,1075,545
Minority Interest1112511-15-28-25-39
Trade Payables113204184267259285225422680687
Others Liabilities 9319359851,0861,3921,3031,6851,9203,5104,472
Total Liabilities 6,4208,0868,1138,1999,67513,21312,37813,71416,26117,560

Fixed Assets

Net Fixed Assets +162142135122120123132113262329
Gross Block207195201198211194203196369439
Accumulated Depreciation4554667691717284107110
CWIP 129152178214110121131146105109
Investments 52772765765737778693116187
Inventories4,0474,1674,0753,9855,44110,3539,70910,65412,79013,660
Trade Receivables215450558546568675478623543643
Cash Equivalents 79554070203352399620717825
Others Assets 1,7372,3482,3622,4972,4961,5111,4431,4651,7281,807
Total Assets 6,4208,0868,1138,1999,67513,21312,37813,71416,26117,560
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 148-282-7418717574022,139376488848
PBT 1009799-57-55-139-158-857799
Adjustment 470115114172139125115-112958
Changes in Working Capital -380-446-8968016414722171504407813
Tax Paid -42-47-58-4532-5612-31-25-121
Cash Flow From Investing Activity + 329-1,22727653-59104-32-133-35-142
Capex -12-41-57-8-12-6-1715-40-106
Net Investments -29-7401527-152-3-176-173-91
Others 370-4473329-54263-132917855
Cash Flow From Financing Activity -4211,446426-855-645-514-2,101-300-644-577
Net Proceeds from Shares + 0000000000
Net Proceeds from Borrowing -43468945-305-90-447-19688-582891
Interest Paid -541-197-314-772-820-788-1,400-1,203-921-1,090
Dividend Paid 0000000000
Others 1631,175-205222265722-506816860-378
Net Cash Flow 56-63-396953-76-56-190130
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.174.154.91-3.33-4.01-8.9-17.11-9.641.412.43
ROCE (%)5.354.9119.4210.081.64-0.259.961.061.28
Asset Turnover Ratio0.150.20.170.170.120.090.280.150.150.2
PAT to CFO Conversion(x)1.9-5.13-11.06N/AN/AN/AN/AN/A19.5210.6
Working Capital Days
Receivable Days77.6081.50131.50148.20182.90226.7057.90104.1095.8063
Inventory Days1,517.301,0081,074.901,0821,548.602,880.501,007.801,925.601,925.901,405
Payable Days79.702,124.20510.10359538.3011727.40-144.50-115.20-474.90

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Announcements

Kalpataru Ltd FAQs

The current trading price of Kalpataru on 18-Sep-2026 16:59 is ₹270.9.

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 17-Sep-2026 the market cap of Kalpataru stood at ₹5,578.6 Cr

The latest P/E ratio of Kalpataru as of 17-Sep-2026 is 0.00.

The latest P/B ratio of Kalpataru as of 17-Sep-2026 is 1.37.

The 52-week high of Kalpataru is ₹409.4 and the 52-week low is ₹250.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalpataru is ₹209 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kalpataru Ltd is likely to Rise-somewhat 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.

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