KALPATARU Share Price | Kalpataru Ltd Stock Analysis & Recommendation

Q: Is Kalpat. overvalued or undervalued?

As of 29 August 2025, the valuation grade for Kalpat. has moved from does not qualify to expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 361.92, an EV to EBITDA ratio of 297.87, and a ROE of just 0.87%. These figures suggest that the stock is priced excessively compared to its earnings and book value.In comparison to its peers, Kalpat.'s valuation metrics are notably higher; for instance, DLF has a PE ratio of 38.29 and an EV to EBITDA of 81.41, while Lodha Developers shows a PE of 40.42 and an EV to EBITDA of 29.51. Given these comparisons, Kalpat. appears to be significantly overvalued in the current market environment. Additionally, the company's recent stock performance has lagged behind the Sensex, with a 1-week return of -3.11% compared to the Sensex's -1.84%, reinforcing the notion of overvaluation.

Q: How has been the historical performance of Kalpat.?

Answer:The historical performance of Kalpat shows significant improvement in the fiscal year ending March 2025 compared to March 2024.Breakdown:In the fiscal year ending March 2025, Kalpat reported net sales of 2,225.21 Cr, an increase from 1,929.98 Cr in the previous year. Total operating income also rose to 2,225.21 Cr from 1,929.98 Cr. The total expenditure, excluding depreciation, increased to 2,163.85 Cr from 2,058.40 Cr, while employee costs rose to 136.62 Cr from 127.95 Cr, and manufacturing expenses increased to 1,758.39 Cr from 1,717.49 Cr. Operating profit (PBDIT) turned positive at 167.74 Cr compared to a loss of 18.47 Cr in the prior year. Profit before tax improved to 77.17 Cr from a loss of 85.35 Cr, leading to a profit after tax of 25.99 Cr, a significant recovery from a loss of 107.68 Cr. The consolidated net profit for March 2025 was 21.62 Cr, compared to a loss of 94.98 Cr in March 2024. Earnings per share also improved to 1.29 from -6.8. On the balance sheet, total assets increased to 16,211.51 Cr from 13,700.19 Cr, while total liabilities rose to 16,211.51 Cr from 13,700.19 Cr. Cash flow from operating activities improved to 488.00 Cr from 376.00 Cr, although the net cash outflow was -190.00 Cr compared to -55.00 Cr in the previous year. Overall, Kalpat's financial performance in March 2025 reflects a strong recovery and growth trajectory.

Q: Are Kalpataru Ltd latest results good or bad?

Kalpataru Ltd's latest results for Q3 FY26 indicate a significantly poor performance. The company reported a consolidated net loss of ₹62.78 crores, which marks a staggering decline of 1,254% quarter-on-quarter. Net sales also fell sharply by 36.39% to ₹504.92 crores, reflecting serious operational challenges and a potential decline in project execution.The operating margin turned negative at -14.78%, the lowest in eight quarters, and the return on equity stands at just 0.44%, which is well below the industry average. This suggests that the company is struggling with capital efficiency and value creation. Additionally, the high debt-to-equity ratio of 3.81 times raises concerns about financial stability, particularly given the negative interest coverage ratio of -5.03 times.Overall, the results highlight a critical deterioration in financial health, raising significant concerns about the sustainability of Kalpataru's business model. Investors may want to approach this company with caution given the current financial metrics and operational challenges.

Q: Should I buy, sell or hold Kalpataru Ltd?

Based on the current financial situation of Kalpataru Ltd, it would be advisable to consider a strong sell position. The company is burdened with high debt, reflected in a debt-to-equity ratio of 6.84 times, which indicates significant financial risk. Additionally, the return on equity is quite low at 0.44%, suggesting that the company is not generating adequate profits relative to shareholders' funds.Recent quarterly results further reinforce this negative outlook, with a reported loss of Rs -55.08 crore, marking a drastic decline of -325.4% compared to the previous four-quarter average. Net sales have also decreased by -16.6%, and the operating profit to interest ratio is at its lowest, at -5.03 times.Furthermore, the return on capital employed (ROCE) is only 0.2, and the company's valuation appears expensive with an enterprise value to capital employed ratio of 1.2. Despite a 123% increase in profits over the past year, the stock has generated no returns, which raises concerns about its future performance.Considering these factors, holding or buying shares in Kalpataru Ltd may not be prudent at this time. It would be wise to reassess the situation and monitor any changes in the company's financial health before making any investment decisions.

Q: Why is Kalpataru Ltd falling/rising?

As of 20-Apr, Kalpataru Ltd's stock price is rising, currently at 324.05, reflecting a change of 12.4, or 3.98%. This increase can be attributed to the stock outperforming the sector by 4.66% today and achieving an intraday high of Rs 335.75, which represents a rise of 7.73%. Additionally, the stock has shown strong performance over the past week and month, with returns of +7.37% and +9.48%, respectively, compared to the Sensex's +2.18% and +5.35%.Despite these positive short-term movements, it is important to note that the company has high debt levels, with a debt-to-equity ratio averaging 6.84 times, and has reported negative financial results recently, including a significant drop in profit after tax and net sales. However, the stock's current rise may be influenced by short-term trading dynamics and investor sentiment, as indicated by the liquidity and trading volume metrics.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

30.59 k (-82.15%) Volume

Shareholding (Dec 2025)

FII

7.96%

Held by 8 FIIs

DII

0.55%

Held by 10 DIIs

Promoter

81.34%

Is Kalpat. overvalued or undervalued?

01-Sep-2025

As of August 29, 2025, Kalpat. is considered overvalued with a PE ratio of 361.92 and an EV to EBITDA of 297.87, significantly higher than its peers like DLF and Lodha Developers, and its recent stock performance has underperformed compared to the Sensex.

View full answer

How has been the historical performance of Kalpat.?

13-Nov-2025

Kalpat's historical performance shows significant improvement in FY 2025, with net sales rising to 2,225.21 Cr from 1,929.98 Cr, and a turnaround in profitability, achieving a profit after tax of 25.99 Cr compared to a loss of 107.68 Cr in FY 2024. Total assets increased to 16,211.51 Cr, reflecting a strong recovery and growth trajectory.

View full answer

Are Kalpataru Ltd latest results good or bad?

07-Feb-2026

Kalpataru Ltd's latest Q3 FY26 results are poor, showing a net loss of ₹62.78 crores and a 36.39% drop in net sales, alongside negative operating margins and high debt levels, indicating serious financial and operational challenges. Investors should exercise caution given these concerning metrics.

View full answer

Should I buy, sell or hold Kalpataru Ltd?

07-Feb-2026

Why is Kalpataru Ltd falling/rising?

21-Apr-2026

As of 20-Apr, Kalpataru Ltd's stock price is rising to 324.05, up 3.98%, driven by strong short-term performance despite high debt levels and recent negative financial results. The stock has outperformed the sector and shown positive returns over the past week and month.

View full answer

Which are the latest news on Kalpat.?

22-Apr-2026

Kalpataru Ltd Technical Momentum Shifts to Mildly Bullish Amid Mixed Market Signals
Kalpataru Ltd Technical Momentum Shifts Amid Mixed Market Signals

Compare Kalpat. with Similar Stocks

Sri Lotus Max Estates Embassy Develop

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Debt company with Weak Long Term Fundamental Strength

High Debt Company with a Debt to Equity ratio (avg) at 6.84 times
The company has been able to generate a Return on Equity (avg) of 0.44% signifying low profitability per unit of shareholders funds

Negative results in Dec 25

With ROCE of 0.2, it has a Expensive valuation with a 1.2 Enterprise value to Capital Employed

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Realty

Market cap

INR 6,836 Cr (Small Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

2.05

Return on Equity

0.54%

Price to Book

1.70

Revenue and Profits:

Net Sales:

505 Cr

(Quarterly Results - Dec 2025)

Net Profit:

-63 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-1.41%

6 Months

-15.26%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Kalpat. for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Kalpataru Ltd Upgraded to Sell by MarketsMOJO Amid Mixed Technical and Financial Signals

Kalpataru Ltd, a small-cap player in the realty sector, has seen its investment rating upgraded from Strong Sell to Sell as of 21 April 2026, driven primarily by a shift in technical indicators. Despite persistent financial challenges and valuation concerns, the stock’s technical outlook has improved, prompting a reassessment of its near-term prospects.

Read full news article

Kalpataru Ltd Technical Momentum Shifts to Mildly Bullish Amid Mixed Market Signals

Kalpataru Ltd, a small-cap player in the realty sector, has exhibited a notable shift in its technical momentum, moving from a mildly bearish to a mildly bullish stance. This change is underscored by improvements in key technical indicators such as the MACD and Dow Theory signals on the weekly chart, despite a mixed performance relative to the broader Sensex index. Investors and analysts are closely monitoring these developments as the stock attempts to regain upward momentum amid sectoral headwinds and valuation challenges.

Read full news article

Kalpataru Ltd Technical Momentum Shifts Amid Mixed Market Signals

Kalpataru Ltd, a small-cap player in the realty sector, has exhibited a notable shift in its technical momentum, moving from a sideways trend to a mildly bearish stance. Despite a strong day gain of 3.98% to close at ₹324.05, the stock’s technical indicators present a complex picture, with mixed signals from MACD, RSI, Bollinger Bands, and moving averages, suggesting cautious investor sentiment amid broader market volatility.

Read full news article

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

15-Apr-2026 | Source : BSE

Non-Applicability of Certificate for Compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31 2026

Key Operational Updates For The Quarter And Year Ended On March 31 2026

14-Apr-2026 | Source : BSE

Key Operational Updates for the quarter and year ended on March 31 2026

Disclosure With Regard To An Order Received By The Subsidiary From Joint Commissioner CGST Office Mumbai

31-Mar-2026 | Source : BSE

Disclosure with regard to an Order received by Agile Real Estate Private Limited a subsidiary of the Company from Joint Commissioner CGST Office Mumbai

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

15.10%

EBIT Growth (5y)

112.64%

EBIT to Interest (avg)

-2.13

Debt to EBITDA (avg)

76.02

Net Debt to Equity (avg)

3.81

Sales to Capital Employed (avg)

0.17

Tax Ratio

66.32%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

14.47%

ROCE (avg)

-0.35%

ROE (avg)

0.44%

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

1.70

EV to EBIT

627.58

EV to EBITDA

243.11

EV to Capital Employed

1.23

EV to Sales

6.70

PEG Ratio

Dividend Yield

ROCE (Latest)

0.20%

ROE (Latest)

0.54%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Sideways

KST

Dow Theory

Mildly Bullish

Bearish

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 3 Schemes (5.33%)

FIIs

Held by 8 FIIs (7.96%)

Promoter with highest holding

Mofatraj Pukhraj Munot (17.63%)

Highest Public shareholder

Sbi Multicap Fund (4.71%)

Individual Investors Holdings

2.98%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

55.88

48.42

15.41%

Operating Profit (PBDIT) excl Other Income

4.02

0.79

408.86%

Interest

42.96

47.64

-9.82%

Exceptional Items

-1.74

0.00

Standalone Net Profit

2.81

-6.05

146.45%

Operating Profit Margin (Excl OI)

7.19%

1.63%

5.56%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 15.41% vs 2.09% in Sep 2025

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 146.45% vs 48.64% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

95.85

160.26

-40.19%

Operating Profit (PBDIT) excl Other Income

8.94

42.37

-78.90%

Interest

105.58

127.92

-17.46%

Exceptional Items

0.00

Standalone Net Profit

-17.83

36.17

-149.29%

Operating Profit Margin (Excl OI)

9.33%

26.44%

-17.11%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

151.73

215.09

-29.46%

Operating Profit (PBDIT) excl Other Income

12.96

50.82

-74.50%

Interest

148.54

213.87

-30.55%

Exceptional Items

-1.74

0.00

Standalone Net Profit

-15.02

6.99

-314.88%

Operating Profit Margin (Excl OI)

8.54%

23.63%

-15.09%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

282.80

293.40

-3.61%

Operating Profit (PBDIT) excl Other Income

57.02

91.01

-37.35%

Interest

250.25

212.44

17.80%

Exceptional Items

0.00

Standalone Net Profit

23.25

81.66

-71.53%

Operating Profit Margin (Excl OI)

20.16%

31.02%

-10.86%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Annual Results

Company CV

About Kalpataru Ltd

Kalpataru Ltd

Small Cap

Realty

No Details Available.

Company Coordinates

No Company Details Available