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.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

15.01 k (78.16%) 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

Which are the latest news on Kalpat.?

08-Feb-2026

Are Kalpataru Ltd latest results good or bad?
Kalpataru Ltd Q3 FY26: Heavy Losses Deepen as Revenue Plunges 36%

Why is Kalpataru Ltd falling/rising?

08-Feb-2026

As of 08-Feb, Kalpataru Ltd's stock price is slightly rising at 336.50, but it has faced an 8.53% decline over the past month and shows weak fundamentals, including high debt and disappointing quarterly results. Investor interest is waning, leading to a cautious outlook despite the recent uptick.

View full answer

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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

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Stock DNA

Industry

Realty

Market cap

INR 6,860 Cr (Small Cap)

P/E

320.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

2.05

Return on Equity

0.54%

Price to Book

1.74

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

-9.89%

6 Months

-12.34%

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

Are Kalpataru Ltd latest results good or bad?

Kalpataru Ltd's latest financial results for Q3 FY26 indicate a challenging period for the company, marked by significant operational difficulties. The consolidated net profit reported a loss of ₹62.78 crores, reflecting a sharp decline compared to previous quarters. Net sales also saw a substantial drop, falling to ₹504.92 crores, which is a 36.39% decrease quarter-on-quarter. This decline raises concerns about the company's project execution capabilities and overall business sustainability. The operating margin turned deeply negative at -14.78%, the lowest in eight quarters, indicating severe margin compression and operational stress. Additionally, the return on equity (ROE) stood at a mere 0.44%, which is considerably below industry standards, highlighting issues with capital efficiency and value creation. Kalpataru's balance sheet shows mounting pressure, with a debt-to-equity ratio of 3.81 times, sug...

Read full news article

Kalpataru Ltd Q3 FY26: Heavy Losses Deepen as Revenue Plunges 36%

Kalpataru Ltd, a mid-cap realty company with a market capitalisation of ₹6,836 crores, reported deeply troubling Q3 FY26 results, with consolidated net losses widening to ₹62.78 crores from a modest profit of ₹5.44 crores in Q2 FY26—a staggering sequential deterioration of 1,254%. The stock, currently trading at ₹336.50, has slipped 8.53% over the past month, reflecting mounting investor concerns about the company's operational trajectory and financial sustainability.

Read full news article

Kalpataru Ltd is Rated Strong Sell

Kalpataru Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 11 Nov 2025. However, the analysis and financial metrics discussed here reflect the stock’s current position as of 01 February 2026, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trend, and technical outlook.

Read full news article

Announcements

No announcement available

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

320

Industry P/E

Price to Book Value

1.74

EV to EBIT

634.81

EV to EBITDA

245.92

EV to Capital Employed

1.24

EV to Sales

6.78

PEG Ratio

Dividend Yield

ROCE (Latest)

0.20%

ROE (Latest)

0.54%

Technicals key factors

Indicator

Weekly

Monthly

No records

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

Kalpat.

1Day

52 Week

CASH

FII

DII

Promoter

Is Kalpat. overvalued or undervalued?

Watch in Real-Time

How has been the historical performance of Kalpat.?

Are Kalpataru Ltd latest results good or bad?

Should I buy, sell or hold Kalpataru Ltd?

Which are the latest news on Kalpat.?

Why is Kalpataru Ltd falling/rising?

Compare Kalpat. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

High Debt company with Weak Long Term Fundamental Strength

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

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

Are Kalpataru Ltd latest results good or bad?

Kalpataru Ltd Q3 FY26: Heavy Losses Deepen as Revenue Plunges 36%

Kalpataru Ltd is Rated Strong Sell

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

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

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Dec'25

Annual Results Snapshot (Standalone) - Mar'25

About Kalpataru Ltd

Company Coordinates