Kalpataru Power Transmission Ltd Stock Analysis

BSE: 522287 | NSE: KALPATPOWR | Transmission Towers / Equipments | Mid Cap

BSE Share Price Jul 01, 18:01
354.45 -1.20 (-0.34%)

DeciZen - Make an Informed Decision on Kalpataru PowerTrans

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

FAQs

1. Is Kalpataru Power Transmission Ltd a good quality company?

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

2. Is Kalpataru Power Transmission Ltd undervalued or overvalued?

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

3. Is Kalpataru Power Transmission Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kalpataru Power Transmission Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kalpataru PowerTrans:

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 Power Transmission Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 12.3%10.2%11.1%10%10.4%13.2%13.7%14.2%13.6%12.6%-
Value Creation Index -0.1-0.3-0.2-0.3-0.3-0.10.00.10.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0333,3354,0554,4224,3024,8945,7417,1157,9047,6717,062
YoY Gr. Rt. %-10%21.6%9.1%-2.7%13.8%17.3%23.9%11.1%-3%-
Adj EPS 11.18.81111.212.317.821.425.42833.934.6
YoY Gr. Rt. %--20.5%25.1%1.7%9.7%45.5%20%18.6%10.4%21%-
BVPS (₹) 113.6120.3127.3134.9144.3161.5180.5205.4228.5259.4292.9
Adj Net Profit 170135168171188273328389433505515
Cash Flow from Ops. 15620184.337.3756322103525243198-
Debt/CF from Ops. 32.99.326.10.82.27.51.25.56.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.9%12.3%10.1%-3%
Adj EPS 13.3%22.6%16.6%21%
BVPS 9.612.512.913.5
Share Price 15.8% 1.1% -12.6% -16.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 10.27.58.98.58.811.712.513.11313.612.5
Op. Profit Mgn % 11.910.210.910.51112.412.611.611.111.69.3
Net Profit Mgn % 5.644.23.94.45.65.75.55.56.67.3
Debt to Equity 0.30.30.40.50.30.30.30.20.40.30.1
Working Cap Days 310316296297324316330326338369348
Cash Conv. Cycle 79717079838491797682116

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.14%

Net Profit is growing at healthy rate in last 3 years 16.59%

Return on Equity has declined versus last 3 years average to 12.50%

Sales growth is not so good in last 4 quarters at -6.65%

Latest Financials - Kalpataru Power Transmission Ltd.

Standalone Consolidated
TTM EPS (₹) 34.6 36.3
TTM Sales (₹ Cr.) 7,062 14,777
BVPS (₹.) 292.9 287.3
Reserves (₹ Cr.) 4,332 4,249
P/BV 1.21 1.24
PE 10.25 9.79
From the Market
52 Week Low / High (₹) 332.30 / 495.95
All Time Low / High (₹) 1.43 / 553.50
Market Cap (₹ Cr.) 5,278
Equity (₹ Cr.) 29.8
Face Value (₹) 2
Industry PE 10.3

Management X-Ray of Kalpataru PowerTrans :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *41.3857.5057.5057.5055.3250.8045.9145.3050.0051.84
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About Kalpataru Power Transmission Ltd

Kalpataru Power Transmission Limited (KPTL) is part of the Kalpataru Group established in 1969. The company is amongst the leading Engineering, Procurement, and Construction (EPC) companies with proven experience and expertise. It is executing marquee projects with comprehensive capabilities that delivers complete solutions covering design, testing, fabrication, erection and construction of transmission lines, oil and gas infrastructure and railways projects on a turnkey basis. It is a diversified conglomerate with interest in Real Estate, Power Generation, Agri Logistics and EPC in major infrastructure segments like Power Transmission and Distribution, Buildings & Factories, Roads & Highways, Water & Irrigation, Railways and Oil and Gas. With many highly efficient work force, it delivers compelling advantage, combining in-house research, engineering, project management, construction and manufacturing; that ensure the highest value proposition to clients.

The company has successfully positioned its High Voltage Substation business both in air insulated (AIS) and gas insulated (GIS) segment in domestic as well as international market. KPTL has extended its reach in the European market through its subsidiary LinjemontageiGrastorp AB in Sweden. The wide reach and presence of KPTL’s T&D business includes international geographies like Africa, CIS countries, the Middle East, SAARC, Asia-Pacific, Europe and America.

In India, the company has been collaborating with India’s accelerating infrastructure push by executing EPC projects not just in Power Transmission but also in Oil & Gas infrastructure and Railways infrastructure. KPTL’s Oil & Gas business includes providing EPC contracting services for cross-country pipelines, terminals and gas gathering stations across diverse territories. The company provides end-to-end solutions through a well-qualified engineering and designing team for successful and timely completion of projects.
Business area of the company:

Power Transmission & Distribution: The company is amongst the selected players in the world with an entire gamut of capabilities that spans the spectrum of Power T&D and Sub-stations. As an industry leader in the power transmission business, KPTL provides end-to-end solution ranging from in-house designs, testing, procurement, fabrication, erection, installing and commissioning of power transmission lines.

Infrastructure EPC: Infrastructure development is at the core of nation building and a key factor in India’s future growth. The company is participating in nation building through its two verticals - Oil & Gas Infrastructure EPC and Railways EPC.

Asset creation: As part of its objective to drive long term value and growth, the company has been actively concentrating on Asset Creation in the form of Power Transmission Line BOOT Projects, Sustainable Bio-mass plants as well as diversifying into newer business through its subsidiaries. It also has two operating subsidiaries - JMC Projects and Shree Shubham Logistics, both of which are part of the asset creation strategy.

Awards and Recognition

2015-16:

  • KPTL’s project Satpura-Ashta Transmission Line undertaken for M.P. Power Transmission, awarded 8th India Power Awards 2015 for its valued contribution to Energy Sector.
  • Runners up award namely ‘Maximum volume of work in 2015-16 on PGCIL Projects.’

2016-17:

  • Received Certificate of Honour in the category of Leading RE Developers-Biomass at Renewable Energy India Awards 2016.
  • Appreciation from Power Grid Corporation of India as Runner-Up in Best Performance (Maximum Capitalisation).
  • Best Performance Award for early completion of the 765 kV Wardha-Nizamabad Transmission line.
  • Silver Certificate of Merit for Manufacturing Excellence 2016 to the company’s Raipur Plant.

2017-18:

  • KPTL received awards at ‘World HRD Congress Event on February 15, 2018’ for 100 Top HR Minds and Best Organization Development Program.
  • Received Dun and Bradstreet Infra Award 2017 for Construction & Infrastructure Development (Power).
  • National Safety Council Award 2017.

2018-19:

  • KPTL received Bronze Trophy at ‘RoSPA Safety Awards, 2018’ from The Royal Society for the Prevention of Accidents – UK for 400 KV OHL Baarakaha Bab Grid Station, Abu Dhabi.
  • KPTL was honoured with ‘Best Exporter of the Year’ award at Exim Club Awards, 2018 organized by Exim Club, Association of Exporters and Importers.
  • KPTL’s Gandhinagar manufacturing plant received Silver Certificate of Merit at India Manufacturing Excellence Awards 2018 conceptualized by Frost & Sullivan for appreciating efforts taken by the Plant and its personnel in enhancing manufacturing and Supply chain excellence.
  • KPTL’s Padampur Power Plant received ‘Apex India Occupational Health & Safety Excellence Award’ under Gold category. It also received State Level ‘Factory & Safety Award’ from Department of Factory & Boiler, Government of Rajasthan.

2019-20:

  • KPTL was declared a winner at 3rd National Competition on LEAN manufacturing organized by Confed.
  • KPTL received Special Appreciation Award at 8th Edition of Gujarat State Level Best Kaizen Competition 2019 organized by Confederation of Indian Industry (CII).
  • KPTL won Gold Category Award in Manufacturing Sector from Quality Circle Forum of India (QCFI).
  • KPTL won Dun & Bradstreet Infra Awards 2019 in Infrastructure Project Category.
  • KPTL received Safety Appreciation Certificate from APTRANSCO, in recognition and appreciation of continual improvement & excellent performance in safety.
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