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: Are Kalpat. latest results good or bad?

Kalpataru's latest results for Q2 FY26 present a mixed picture. On one hand, the company returned to profitability with a consolidated net profit of ₹5.44 crore, a significant improvement from the ₹49.42 crore loss in the previous quarter. Additionally, net sales surged to ₹793.77 crore, reflecting a robust 79.10% quarter-on-quarter increase and a 56.79% year-on-year growth.However, despite these positive sales figures, the company's profitability remains concerning. The profit after tax (PAT) margin is just 0.62%, indicating razor-thin profitability. This is compounded by a low return on equity of 0.87%, suggesting that the company is not generating meaningful returns for its shareholders. Furthermore, the operating margin, excluding other income, stands at only 0.84%, highlighting significant operational inefficiencies.Overall, while the revenue growth is impressive, the underlying profitability challenges and weak capital efficiency raise red flags about the company's financial health. Therefore, the results can be seen as good in terms of revenue growth but bad in terms of sustainable profitability and operational performance.

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: Should I buy, sell or hold Kalpat.?

Based on the current information regarding Kalpat, it is 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 profit relative to shareholders' funds.The recent financial results show flat performance, with non-operating income making up an unusually high 457.95% of profit before tax, which raises concerns about the sustainability of its earnings. The return on capital employed (ROCE) is also low at 0.2, and the valuation appears expensive with an enterprise value to capital employed ratio of 1.3.While there has been a slight increase in institutional investor participation, with a 0.55% rise in their stake, this does not outweigh the fundamental weaknesses highlighted. Given these factors, it would be prudent to consider selling your position in Kalpat.

Upcoming Result: Kalpat. will declare its result soon on 06 Feb 2026

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

32.95 k (73.44%) 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

Are Kalpat. latest results good or bad?

11-Nov-2025

Kalpataru's latest Q2 FY26 results show a return to profitability with a net profit of ₹5.44 crore and a significant increase in net sales. However, concerns remain due to a low profit margin of 0.62% and operational inefficiencies, indicating challenges in sustainable profitability.

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

Should I buy, sell or hold Kalpat.?

13-Nov-2025

Which are the latest news on Kalpat.?

02-Feb-2026

Kalpataru Ltd is Rated Strong Sell
Kalpataru Ltd is Rated Strong Sell

Why is Kalpataru Ltd falling/rising?

03-Feb-2026

As of 02-Feb, Kalpataru Ltd's stock price is Rs 326.55, down 1.14%, and has significantly underperformed the Sensex. The stock is near its 52-week low, has seen a 14.41% decline over the past month, and exhibits weak financial health with high debt and low profitability.

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

Flat results in Sep 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 6,755 Cr (Mid Cap)

P/E

311.00

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:

794 Cr

(Quarterly Results - Sep 2025)

Net Profit:

5 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-15.09%

6 Months

-13.44%

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 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

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 company’s current position as of 21 January 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook.

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 10 January 2026, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Announcements

Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31 2025

31-Jan-2026 | Source : BSE

Kalpataru Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/02/2026 inter alia to consider and approve a. Unaudited Standalone and Consolidated Financial Results of the Company for quarter and nine months ended December 31 2025; b. raising of funds by way of issuance of Non-Convertible Debentures on a private placement basis.

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

14-Jan-2026 | Source : BSE

Non-Applicability of Certificate for Compliance under Reg 74(5) of SEBI (DP) Regulations 2018

Key Operational Updates Of The Company For The Quarter And Nine Months Ended December 31 2025

12-Jan-2026 | Source : BSE

Key Operational Updates of the Company for the quarter and nine months ended December 31 2025

Corporate Actions

BOARD MEETING

06 Feb 2026

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

311

Industry P/E

Price to Book Value

1.69

EV to EBIT

626.19

EV to EBITDA

242.58

EV to Capital Employed

1.23

EV to Sales

6.69

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) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

48.42

47.43

2.09%

Operating Profit (PBDIT) excl Other Income

0.79

8.15

-90.31%

Interest

47.64

57.94

-17.78%

Exceptional Items

0.00

Standalone Net Profit

-6.05

-11.78

48.64%

Operating Profit Margin (Excl OI)

1.63%

17.18%

-15.55%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is 2.09% vs -29.96% in Jun 2025

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 48.64% vs -172.40% in Jun 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'24

Dec'24

Change(%)

Net Sales

215.09

Operating Profit (PBDIT) excl Other Income

50.82

Interest

213.87

Exceptional Items

0.00

Standalone Net Profit

6.99

Operating Profit Margin (Excl OI)

23.63%

NA%

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

Mid 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

Are Kalpat. latest results good or bad?

How has been the historical performance of Kalpat.?

Should I buy, sell or hold Kalpat.?

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

Flat results in Sep 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

Kalpataru Ltd is Rated Strong Sell

Kalpataru Ltd is Rated Strong Sell

Kalpataru Ltd is Rated Strong Sell

Announcements

Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31 2025

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

Key Operational Updates Of The Company For The Quarter And Nine Months Ended December 31 2025

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

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

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Dec'24

Annual Results Snapshot (Standalone) - Mar'25

About Kalpataru Ltd

Company Coordinates