Kalpataru Projects International Ltd - Stock Valuation and Financial Performance

BSE: 522287 | NSE: KPIL | Engineering - Construction | Small Cap

Kalpataru Projects Share Price

1,362 -30.60 -2.20%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Kalpataru Projects

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kalpataru Projects International stock performance -

mw4me loader
P/E Ratio (SA):
41.36
Market Cap:
22,043.1 Cr.
52-wk low:
549.4
52-wk high:
1,410

Is Kalpataru Projects International Ltd an attractive stock to invest in?

1. Is Kalpataru Projects International Ltd a good quality company?

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

2. Is Kalpataru Projects International Ltd undervalued or overvalued?

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

3. Is Kalpataru Projects International Ltd a good buy now?

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

10 Year X-Ray of Kalpataru Projects:

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 Projects International 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 10%10.4%13.2%13.7%14.2%13.6%12.5%7.7%10%11%-
Value Creation
Index
-0.3-0.3-0.10.00.10.0-0.1-0.4-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,4224,3024,8945,7417,1157,9047,67112,40714,33716,76016,760
Sales YoY Gr.--2.7%13.8%17.3%23.9%11.1%-3%61.8%15.6%16.9%-
Adj EPS 11.212.317.821.425.42833.616.230.33732.8
YoY Gr.-9.7%45.5%20%18.6%10.4%19.8%-51.7%86.9%22.2%-
BVPS (₹) 134.9144.3161.5180.5205.4228.5259.4331.6327.5354354
Adj Net
Profit
171188273328389433500241492601533
Cash Flow from Ops. 37.3756322103525243198376559714-
Debt/CF from Ops. 26.10.82.27.51.25.56.57.15.34.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16%18.7%29.8%16.9%
Adj EPS 14.2%7.9%3.3%22.2%
BVPS11.3%11.5%10.9%8.1%
Share Price 23.6% 21.7% 42.5% 143.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.58.811.712.513.11313.55.59.610.99.3
Op. Profit
Mgn %
10.51112.412.611.611.111.67.38.99.58.2
Net Profit
Mgn %
3.94.45.65.75.55.56.523.43.63.2
Debt to
Equity
0.50.30.30.30.20.40.30.50.60.60.2
Working Cap
Days
297324316330316320351275320327158
Cash Conv.
Cycle
7983849179768339201533

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.30%

Sales growth is growing at healthy rate in last 3 years 29.76%

Debt to equity has declined versus last 3 years average to 0.57

Sales growth is good in last 4 quarters at 16.85%

Net Profit has been subdued in last 3 years 3.33%

Latest Financials - Kalpataru Projects International Ltd.

Standalone Consolidated
TTM EPS (₹) 32.8 31.4
TTM Sales (₹ Cr.) 16,760 19,626
BVPS (₹.) 354 316.3
Reserves (₹ Cr.) 5,718 5,106
P/BV 3.83 4.29
PE 41.36 43.25
From the Market
52 Week Low / High (₹) 549.40 / 1410.00
All Time Low / High (₹) 1.43 / 1410.00
Market Cap (₹ Cr.) 22,043
Equity (₹ Cr.) 32.5
Face Value (₹) 2
Industry PE 44.5

Management X-Ray of Kalpataru Projects:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *51.8452.0350.3948.8448.8446.9644.5542.4931.5133.56
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kalpataru Projects

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,4224,3024,8945,7417,1157,9047,67112,40714,33716,760
Operating Expenses 3,9693,8284,2945,0276,2907,0266,80111,50713,06315,236
Manufacturing Costs1,2891,3311,0731,4572,3262,4642,6763,9254,4665,451
Material Costs1,8901,7912,3042,6162,9533,2682,7945,7016,4747,219
Employee Cost 3142932923494545265519171,0341,194
Other Costs 4764136266055577697819641,0891,372
Operating Profit 4534746007148258788699001,2741,524
Operating Profit Margin (%) 10.2%11.0%12.3%12.4%11.6%11.1%11.3%7.3%8.9%9.1%
Other Income 52715349739986164135116
Interest 167166172187187225178356430498
Depreciation 8584787786110115272295368
Exceptional Items 00000241686454-35
Profit Before Tax 253296403499624666831500739739
Tax 87103134177223203216149207206
Profit After Tax 166192269322401463615350532533
PAT Margin (%) 3.7%4.5%5.5%5.6%5.6%5.9%8.0%2.8%3.7%3.2%
Adjusted EPS (₹)10.812.517.521.026.229.941.323.532.832.8
Dividend Payout Ratio (%)14%12%11%12%11%12%24%28%21%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2,0712,2152,4792,7703,1523,5363,8634,9375,3205,750
Share Capital 31313131313130303232
Reserves 2,0402,1842,4482,7393,1213,5053,8334,9075,2875,718
Minority Interest0000000000
Debt9115595536406081,1779811,9502,5602,864
Long Term Debt2942723213904542993528059251,144
Short Term Debt6162872312501548786291,1451,6361,720
Trade Payables1,3611,4791,5621,9062,0602,1362,2963,7574,5825,236
Others Liabilities 4519661,4711,9312,4182,8052,4954,3915,1425,998
Total Liabilities 4,7945,2196,0647,2468,2379,6559,63515,03417,60419,848

Fixed Assets

Gross Block9845996597398611,0311,1512,3992,7913,008
Accumulated Depreciation430611382132903984761,0571,0941,352
Net Fixed Assets5545385215275716346741,3421,6971,656
CWIP 5431784014204832
Investments 394518716785649864886892874859
Inventories5994244544836227395989191,0871,240
Trade Receivables1,7842,2152,7643,2923,2813,5173,7324,1094,9445,393
Cash Equivalents 7510621182145337312989858849
Others Assets1,3841,4141,3962,0622,9623,5243,4176,7638,0959,819
Total Assets 4,7945,2196,0647,2468,2379,6559,63515,03417,60419,848

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 37756322103525243198376559714
PBT 253192403499624666831500739739
Adjustment 18326114613116512036619525758
Changes in Working Capital -345406-71-386-29-333-457-536-451-580
Tax Paid -54-104-155-141-235-210-212-207-253-203
Cash Flow From Investing Activity -46-168-211-188-173-477246-286-447-467
Capex -44-95-58-106-118-170-105-211-708-289
Net Investments 401-2-20-2442-122-16-1
Others -6-73-155-79-34-28230947278-177
Cash Flow From Financing Activity 20-555-3-49-292401-436299-223-176
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 201-1953-40-30-37365227-224-150
Interest Paid -139-124-100-91-121-153-100-252-312-316
Dividend Paid -27-550-31-38-100-127-26-102-114
Others -15-35744112-102691-575350415404
Net Cash Flow 1133107-133611678389-11071
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.238.9811.4712.2713.5513.8516.637.9610.379.63
ROCE (%)14.5415.7619.220.4222.1120.5420.1513.4414.7514.33
Asset Turnover Ratio0.960.880.890.870.920.880.81.010.880.9
PAT to CFO Conversion(x)0.223.941.20.321.310.520.321.071.051.34
Working Capital Days
Receivable Days135166181191169157172115115113
Inventory Days46423230283132222625
Payable Days204243226242245234290194235248

Kalpataru Projects International Ltd Stock News

Kalpataru Projects International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kalpataru Projects on 12-Jul-2024 16:01 is ₹1,362.
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 12-Jul-2024 16:01 the market cap of Kalpataru Projects stood at ₹22,043.1.
The latest P/E ratio of Kalpataru Projects as of 12-Jul-2024 16:01 is 41.36.
The latest P/B ratio of Kalpataru Projects as of 12-Jul-2024 16:01 is 3.83.
The 52-week high of Kalpataru Projects is ₹1,410 and the 52-week low is ₹549.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalpataru Projects is ₹16,760 ( Cr.) .

About Kalpataru Projects International 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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