Kalpaturu Projects International
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Kalpataru Projects International Limited (KPIL) is positioned for sustained growth, driven by a robust order book of INR 666 billion and strategic pivots towards higher-margin sectors such as Buildings & Factories (B&F) and Oil & Gas (O&G). Management's focus on disciplined capital allocation and international expansion, particularly in the Middle East, enhances revenue visibility and competitive positioning. Despite potential geopolitical risks and supply chain challenges, the company's strong execution capabilities and diversified portfolio support Vista's forecast of stable margins and attractive valuation, with an expected upside of 38.33%. The infrastructure sector's recovery, bolstered by government initiatives and increased private investment, further underpins KPIL's growth trajectory. Over the next 12-24 months, key opportunities include capitalizing on the global T&D investment surge and urbanization trends, while watchpoints include execution risks and geopolitical uncertainties that could impact project timelines and profitability
Why We Like This Stock
- Robust order book of INR 666 billion provides significant revenue visibility
- Strategic pivot towards higher-margin sectors like B&F and O&G enhances profitability potential
- Strong execution capabilities and disciplined capital allocation support long-term growth
Things To Watch Out For
- Geopolitical uncertainties in the Middle East pose risks to international expansion
- Potential supply chain bottlenecks could impact project execution timelines
- Execution risks associated with large-scale EPC operations may affect profitability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 19,626 | 22,316 | 27,143 | 26,972 | 31,481 |
| Profit Before Tax (Cr.) | 703 | 814 | 1,334 | 1,904 | 2,037 |
| PBT Margin | 3.6% | 3.6% | 491.5% | 7.1% | 6.5% |
| Net Profit (Cr.) | 479 | 504 | 926 | 1,321 | 1,399 |
| Earnings Per Share | 27.7 | 30.6 | 54.7 | 76.6 | 81.9 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Axis Securities | ▲ Buy | 1,500 | 12-Aug-2026 |
| HDFC Securities | ▲ Buy | 1,764 | 18-May-2026 |
| Motilal Oswal | ▲ Buy | 1,600 | 12-Aug-2026 |
| Nuvama | ▲ Buy | 1,554 | 12-Aug-2026 |
| Prabhudas Liladhar | ► Accumulate | 1,472 | 12-Aug-2026 |
Company Overview
Show Company Profile
Kalpataru Projects International Limited provides engineering, procurement, and construction (EPC) services for power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas, and urban infrastructure sectors in India and internationally. The company operates in Engineering, Procurement and Construction; Developmental Project; and Others segments. It designs, tests, procures, fabricates, erects, installs, and commissions power transmission lines, substations, and underground cable works; executes civil works, design and build composite works, structural works, finishing works, utility installations, and area development for buildings and factories; and designs and builds water intake, pipeline installation, treatment, storage, supply, distribution, and operation and maintenance of water projects. The company also offers services under its railway arm, including overhead electrification, traction substations, station buildings, railway track laying, earthwork, workshops, signaling and telecommunication, power systems, and civil works with railway networks and projects; and EPC services for the design and construction of highways, bridges and flyovers, airports, metro rail corridor stations and transit terminals and hubs, as well as undertakes EPC contracting for cross-country pipelines, terminals, and gas gathering stations for the oil and gas sectors. In addition, it is involved in agri-storage infrastructure with value added services, such as testing and certification, collateral management, pest control activities, preservation, maintenance, and security services, as well as management and operation of warehouses; and operates biomass power generation plants. The company was formerly known as Kalpataru Power Transmission Limited and changed its name to Kalpataru Projects International Limited in May 2023. Kalpataru Projects International Limited was incorporated in 1981 and is based in Mumbai, India.