Kalpataru Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,097 Cr
- P/E
- 41.50
- ROE
- 2.73%
- PEG
- 1.21
- Price to sales
- 1.47
- Debt to equity
- 2.23
- 52W high / low
- ₹387 / ₹245
- Sales growth (5Y)
- 25.33%
- EBITDA margin
- 2.92%
- Net profit margin
- 2.22%
- Promoter holding
- 81.34%
- Sales (last year)
- ₹3,465 Cr
Founded in 1988, Kalpataru Limited is a real estate development company based in Mumbai, Maharashtra.[1]
Guidance scorecard · Q2 FY27 call
What Kalpataru Ltd's management guided
and where it ranks in Realty
Realty
RevenueQ1 FY27 call
20–40%- Kalpataru targets pre-sales of approximately Rs. 6,500 crores for FY27, reflecting ~23% growth over FY26.
- A strong pipeline of launches worth around Rs. 7,800 crores and spread over approximately 5 million sq. ft. is planned for the year.
- New launches are expected to contribute about 25% of annual pre-sales.
- Project completions of around 15 million sq. ft. are scheduled over FY27-FY29, leading to significant revenue and profit recognition.
- Increased residential occupancy and operational retail outlets, especially at Kalpataru Park City, are driving higher walk-ins and conversions.
2 more points from Kalpataru Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Kalpataru Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company undertook capital allocation for ongoing projects and new projects acquired under new business development (BD).
- During Q1 FY27, the debt increased marginally due to investment/spend on ongoing and new projects.
- A new development agreement was secured for redevelopment of five societies in Ashok Nagar, Kandivali, on a ~2.8-acre land parcel with GDV potential of Rs. 1,250 crores.
- The company has a strong pipeline of new launches spread over ~5 million square feet worth approximately Rs. 7,800 crores planned for FY27.
2 more points from Kalpataru Ltd's call on capex
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FundraisingQ1 FY27 call
See what Kalpataru Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Kalpataru Limited targets closing FY27 with pre-sales of approximately Rs. 6,500 crores, reflecting a ~23% growth over FY26.
- The company has a strong pipeline of launches spread over approximately 5 million square feet, worth around Rs. 7,800 crores for FY27.
- About 25% of pre-sales for the full year FY27 are expected from new launches.
- The company is undertaking development agreements, including a redevelopment project in Ashok Nagar, Kandivali with a GDV potential of Rs. 1,250 crores.
2 more points from Kalpataru Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- Strong growth1
- Man Infraconstruction LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹12,035 Cr | 41.1 | |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Realty rankingFinancials of Kalpataru Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Kalpataru Ltd
Shareholding breakup across reporting periods.
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Promoters + | 81.34% | 81.34% | 81.34% | 81.34% | 81.34% | 81.33% |
| FIIs + | 7.66% | 7.68% | 7.96% | 8.09% | 5.87% | 5.91% |
| DIIs + | 6.26% | 6.79% | 6.51% | 6.29% | 8.23% | 7.93% |
| Public + | 4.74% | 4.18% | 4.19% | 4.28% | 4.56% | 4.81% |
| No. of Shareholders | 1,04,911 | 60,937 | 57,050 | 54,264 | 53,683 | 53,093 |
Financials of Kalpataru Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 492 | 530 | 506 | 588 | 597 | 443 | 794 | 505 | 1,694 | 472 |
| Expenses + | 484 | 527 | 471 | 550 | 617 | 471 | 788 | 580 | 1,478 | 518 |
| Operating Profit | 8 | 3 | 35 | 38 | -20 | -28 | 6 | -75 | 216 | -46 |
| OPM % | 1.5% | 0.6% | 7% | 6% | -3.3% | -6% | 0.8% | -15% | 13% | -10% |
| Other Income + | 43 | 14 | 28 | 32 | 70 | 14 | 22 | 23 | 35 | 42 |
| Interest | 10 | 5 | 6 | 66 | 11 | 32 | 12 | 15 | 11 | 20 |
| Depreciation | 10 | 9 | 9 | 9 | 11 | 10 | 11 | 12 | 14 | 10 |
| Profit before tax | 31 | 4 | 48 | -4 | 29 | -56 | 5 | -79 | 226 | -35 |
| Tax % | 42% | 112% | 42% | 448% | 29% | -8% | -4% | -15% | 14% | -17% |
| Net Profit + | 18 | -0 | 28 | -23 | 20 | -52 | 5 | -67 | 194 | -29 |
| EPS in Rs | 1.74 | -0.05 | 2.16 | -1.57 | 0.84 | -2.40 | 0.26 | -3.05 | 9.74 | -1.29 |
Financials of Kalpataru Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 1,359 | 1,111 | 990 | 3,633 | 1,930 | 2,222 | 3,436 | 3,465 |
| Expenses + | 1,257 | 1,040 | 1,038 | 3,713 | 2,058 | 2,165 | 3,317 | 3,363 |
| Operating Profit | 103 | 71 | -48 | -80 | -129 | 57 | 119 | 101 |
| OPM % | 8% | 6% | -4.9% | -2.2% | -7% | 2.5% | 3.5% | 2.9% |
| Other Income + | 238 | 288 | 248 | 83 | 110 | 110 | 93 | 121 |
| Interest | 359 | 381 | 306 | 130 | 34 | 53 | 70 | 59 |
| Depreciation | 38 | 33 | 33 | 32 | 33 | 38 | 46 | 47 |
| Profit before tax | -57 | -55 | -140 | -159 | -86 | 76 | 96 | 117 |
| Tax % | -19% | -3% | -6% | 45% | 26% | 67% | 17% | |
| Net Profit + | -43 | -57 | -131 | -229 | -108 | 25 | 80 | 103 |
| EPS in Rs | -3.10 | -4.06 | -9.37 | -14.56 | -6.80 | 1.29 | 4.55 | 5.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kalpataru Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 140 | 140 | 140 | 140 | 140 | 167 | 206 |
| Reserves | 1,224 | 1,164 | 1,294 | 1,076 | 880 | 2,314 | 3,911 |
| Borrowings + | 6,027 | 7,374 | 10,366 | 9,680 | 10,688 | 10,172 | 9,168 |
| Other Liabilities + | 966 | 1,172 | 1,616 | 1,639 | 2,163 | 3,722 | 4,398 |
| Total Liabilities | 8,356 | 9,850 | 13,415 | 12,534 | 13,871 | 16,375 | 17,682 |
| Fixed Assets + | 647 | 725 | 699 | 682 | 639 | 767 | 702 |
| CWIP | 214 | 110 | 121 | 131 | 146 | 105 | 109 |
| Investments | 734 | 735 | 77 | 86 | 93 | 116 | 187 |
| Other Assets + | 6,761 | 8,280 | 12,519 | 11,636 | 12,993 | 15,387 | 16,685 |
| Total Assets | 8,356 | 9,850 | 13,415 | 12,534 | 13,871 | 16,375 | 17,682 |
Financials of Kalpataru Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 871 | 757 | 402 | 2,139 | 376 | 488 | 848 |
| Cash from Investing Activity + | 53 | -41 | 104 | -32 | -132 | -35 | -142 |
| Cash from Financing Activity + | -771 | -645 | -422 | -2,101 | -300 | -644 | -577 |
| Net Cash Flow | 153 | 71 | 84 | 6 | -56 | -190 | 130 |
| Free Cash Flow | 863 | 744 | 385 | 2,123 | 391 | 449 | 742 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 893% | 1,108% | -947% | -2,670% | -317% | 904% | 816% |
Financials of Kalpataru Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 147 | 187 | 249 | 48 | 118 | 89 | 68 |
| Inventory Days | 1,458 | 2,186 | 4,452 | ||||
| Days Payable | 98 | 101 | 122 | ||||
| Cash Conversion Cycle | 1,507 | 2,272 | 4,579 | 48 | 118 | 89 | 68 |
| Working Capital Days | 614 | 598 | 934 | 291 | 632 | 690 | 499 |
| ROCE % | 4% | 2% | -0% | -1% | 1% | 1% |
Guidance history
How Kalpataru Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | None planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | None planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
9 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −36.1% | 15% |
| Last 6 months | −24.0% | 13% |
| Last 3 months | −14.9% | 29% |
The price is 40.8% below its all-time high of ₹417.75 (11 Jul 2025). Stocks more than 20% below their peak have their score halved, so 17 became 9.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kalpataru Ltd: 0.4 × 15 + 0.4 × 13 + 0.2 × 29 = 17, halved to 9 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Kalpataru Ltd's management said in earlier quarters
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