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Kalpataru Power Transmission Ltd Stock Analysis

Small Cap
Evaluated by 1864 users | BSE: 522287 | NSE: KALPATPOWR |
Transmission Towers / Equipments
Kalpataru Power Transmission (KPTL) incorporated in 1981 is engaged in the business of designing, testing, fabrication, erection and construction of transmission lines and sub-station structures on a turnkey basis across India and overseas. The company was incorporated under the name HT Power...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.24%12.31%10.15%11.14%9.99%10.38%13.15%13.66%14.17%13.62%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,8763,0333,3354,0554,4224,3024,8945,7417,1157,904
Y-o-Y Gr. Rt.-5.4%10%21.6%9.1%-2.7%13.8%17.3%23.9%11.1%
Adjusted EPS (Rs.) 11.7211.058.7810.9811.1712.2517.8121.3825.3628.22
Y-o-Y Gr. Rt.--5.7%-20.5%25.1%1.7%9.7%45.4%20%18.6%11.3%
Book Value per Share (Rs.) 103.65113.55120.29127.32134.92144.31161.52180.51205.42228.54
Adjusted Net Profit 180170135168171188273328389433
Net Op. Cash Flow (Rs. Cr.) 28315620184.337.3756322103525243
Debt to Cash Flow from Ops 1.63.032.949.3226.060.792.167.471.235.49
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kalpataru Power Transmission Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.9%12.3%17.3%11.1%
Adjusted EPS 10.3%20.4%16.6%11.3%
Book Value per Share 9.211.112.311.3
Share Price 13.5% 9.8% -11.8% -25.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.9510.177.518.878.528.7811.6512.513.1412.95
Operating Profit Margin (%) 12.3111.8810.2310.9310.4811.0312.412.5911.6311.39
Net Profit Margin (%) 6.265.594.044.153.884.375.595.725.475.48
Debt to Equity 0.280.270.320.40.470.270.280.280.210.38
Working Capital Days 306310316296297324316330326338
Cash Conversion Cycle 111797170798380907977
Entity Percentage Holding
Promoters 55.29%
Institutions 32.83%
Non-Institutions 11.88%
Pledged *35.5639.6643.7443.7439.0741.8541.3857.5057.5057.50
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Kalpataru Power Transmission Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Kalpataru Power Transmission Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Kalpataru Power Transmission Ltd's performance infers:

Kalpataru Power Transmission Ltd earnings have grown by 20.4%, whereas share price has appreciated 9.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kalpataru Power Transmission Ltd share prices over the last 10 years. Here is what we found out:

Kalpataru Power Transmission Ltd share price has appreciated 8.4% annually over the past ten years.

Kalpataru Power Transmission (KPTL) incorporated in 1981 is engaged in the business of designing, testing, fabrication, erection and construction of transmission lines and sub-station structures on a turnkey basis across India and overseas. The company was incorporated under the name HT Power Structures- a private limited company. The company got its present name in the year 1994. Company is promoted by

Kalpataru Power Transmission (KPTL) incorporated in 1981 is engaged in the business of designing, testing, fabrication, erection and construction of transmission lines and sub-station structures on a turnkey basis across India and overseas. The company was incorporated under the name HT Power Structures- a private limited company. The company got its present name in the year 1994. Company is promoted by Kalpataru Group which holds 67% of stake in the company.

The company is one of the leading companies in the field of Turnkey projects for EHV Transmission Lines up to and including 800 KV in India and Overseas. Being known as EPC contractor, company is engaged in designing, testing, fabrication, galvanizing of towers and construction activities from survey, civil works/foundation, erection to stringing and commissioning of EHV lines, besides procurement of items such as conductors, insulators, hardware accessories, etc. Company also has business interest in substation projects.

The company has designed and supplied approximately 400,000 MT of sub-station and towers structures. The company is one of the world's largest fabricator of Lattice Steel Towers with a capacity of 84,000 MTs per annum. Company’s fabrication plant located at Gandhinagar has a capacity of 78,000 MTs. Company has also set up 100% Export Oriented Unit (EOU) with a fabrication capacity of 30,000 MTs p.a. Company exports the tower plants to countries like Algeria, Mexico, Thailand, Bangladesh, Australia, Peru, and Turkey. It has served its services to international companies like Cobra, ABB, Sumitomo, Alstom, and EnelPower

Business area

Civil Contracting- Under this it has presence in commercial and residential buildings, software parks, industrial structures / factories, infrastructure projects like roads, bridges, underpass, metro stations etc.

Power and Distribution Projects- Under this company has contract worth Rs.30 Bn (USD 665 million) for electrification of over 5,000 villages in Uttar Pradesh, Bihar and West Bengal.

Biomass Power- It has also forayed in this segment- generating power through renewable/non conventional energy sources such as agricultural waste and crop residues (biomass). Thus it has become Rajasthan's first Biomass based Independent Power Producer (IPP).

Oil & Gas Pipelines- Under this company has successfully completed over 1,000kms of pipeline jobs and are moving rapidly to grow further.

Kalpataru Group (Parent Company)

Kalpataru Group was founded in 1969 by Mr. Mofatraj Munot.  This conglomerate has business interest in area Real Estate and Property Development, Property Management, Power Transmission Towers, Infrastructure, Oil and Gas Pipeline, Biomass Power Plant, Rural Electrification, Telecom Infrastructure, Logistics and Warehousing, International Trading, and Office Supplies.

Milestones and achievements

2010

Secured first BOOT – Transmission Project- Jhajjar `Haryana’.
Secured first order from Kenya for about 500 km of Transmission Line worth USD 100 mn.
Secured first EPC contract for Oil & Gas Surface Facilities (GGS & FGS) OIL India Ltd.
Star Trading house status confirmed by Ministry of Commerce and Industries for the period 2010-2014.

2011

Entered into 3 new countries for turnkey contracts - CIS (Ukraine), DR Congo & Tanzania
Ventured into Railway EPC contract - won 5 Bn Orders

20102

Entered into 6 new countries - Srilanka, Thailand, Uganda, Armenia

2013

Setup new plant of 55,000 MT’s at Raipur
Entered into 2 new countries - Bhutan & Tajikistan
JMC won first international road EPC contract in Ethiopia

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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