K

KALPATARU LIMITED

KALPATARUNSE
Market snapshot · 2026-08-10 18:04 UTC

287.20

+₹0.10 (+0.03%)

MARKET CAP

₹5.91K Cr

STOCK P/E

60.2x

52W HIGH

₹429.30

52W LOW

₹258.00

BOOK VALUE

₹199.91

EPS

₹4.77

ROE

SECTOR

Real Estate

DEBT/EQUITY

224.82

VOLUME

37,568

P/B RATIO

1.44x

PEG RATIO

Sector

Real Estate

Themes

Real Estate
₹397.05₹364.38₹331.70₹299.03₹266.35VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Kalpataru Limited is an Indian real estate developer focused on premium high-rises, integrated townships, and redevelopment projects. Residential projects in Mumbai metropolitan region and Pune drive its development-led revenue, alongside leasing and renting activities. Revenue grew 60.6% year-on-year, while management targets ₹6,500 crore in FY27 pre-sales. A 200-basis-point reduction in debt costs could support project-level margins, though Q1’s ₹27 crore net loss highlights execution volatility. Profit rose 333.4%, but declining margins weaken the quality of that growth and limit earnings visibility. Debt-to-equity of 224.82 indicates extreme leverage, magnifying financial risk and potentially distorting future ROE. At 60.2x earnings, the stock appears rich relative to its margin trend and elevated balance-sheet risk. The key open questions are whether pre-sales targets convert into cash collections and whether debt reduction can offset continuing project and interest-cost pressure.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for KALPATARU.

1.00 analysts

Price Forecast

Current
₹287.20
High Target
₹420.00
▲ +46.2%
Median Target
₹420.00
▲ +46.2%
Low Target
₹420.00
▲ +46.2%
Now₹287.20High ₹420.00Median ₹420.00Low ₹420.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
1 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹228.75 - ₹370.0780%
6M₹209.76 - ₹414.1780%
12M₹186.97 - ₹489.3780%
Realized vol: +37.5% · Drift: +12.2%

Revenue Forecast

₹ Cr
Jun '26Current₹47.0
Sep 2026 ETrend estimate range
High₹49.6Base₹45.9Low₹42.3
Sep '25: ₹48.0 · Dec '25: ₹56.0 · Mar '26: ₹58.0 · Jun '26: ₹47.0 · Sep '26: ₹45.9 · Dec '26: ₹53.6
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E48.056.058.047.045.953.6
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹-0.04
Sep 2026 ETrend estimate range
High₹-0.23Base₹-0.20Low₹-0.18
Sep '25: ₹-0.29 · Dec '25: ₹0.14 · Mar '26: ₹-0.06 · Jun '26: ₹-0.04 · Sep '26: ₹-0.20 · Dec '26: ₹0.10
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E-0.290.14-0.06-0.04-0.200.10
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Supportive
77%
Analyst Consensus
Unavailable

From 1 analysts

Mean upside+46.2%

Fundamentals

Strong

Fundamentals institutional score is 83 using growth durability 82.7.

Valuation

Attractive relative to peers

Valuation institutional score is 95 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 100 using mean target upside 46.2%; dispersion penalty 0; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 48 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Supportive. fundamentals and valuation provide support, while technical structure and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price420 target
Mean Upside+46.2%
Technical Score48%
Fundamental Score83%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 16.3% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.47). Confidence: 88%.

Live forward EPS implies next-12-month EPS of ₹6.60. Applying the stock's normalized valuation corridor produces a fair range of ₹435.34 to ₹526.55, with base value near ₹474.87 (+65.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹6.60

Forward P/E

43.5x

Base Fair Value

₹474.87

Fair Range

₹435.34 - ₹526.55

Upside To Base

+65.3%

Estimate Source

Live forward EPS

P/E
Strongly Undervalued

5Y Average

69.95

Current

60.19

Overvalued

79.78

Undervalued

65.96

EV/EBITDA
Strongly Undervalued

5Y Average

154.04

Current

132.59

Overvalued

169.28

Undervalued

140.96

P/B
Strongly Undervalued

5Y Average

1.96

Current

1.44

Overvalued

2.26

Undervalued

1.67

Peers & Comparison

Sector: Real Estate

Real Estate Peers5 peers
Avg P/E: 38.7x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
+42.4%30.7%
75.5x
Premium
+95% vs avg
+208.3%
MAHINDRA LIFESPACE DEVLTD
MAHLIFEReal Estate
+2909.5%15.8%
24.7x
Undervalued
-36% vs avg
+11.0%
GANESH HOUSING LIMITED
GANESHHOUReal Estate
+85.6%41.4%
24.3x
Undervalued
-37% vs avg
-11.4%
ANANT RAJ LIMITED
ANANTRAJReal Estate
+19.6%22.2%
38.2x
Fair
-1% vs avg
+14.3%
BRIGADE ENTER. LTD
BRIGADEReal Estate
-0.2%11.3%
30.8x
Undervalued
-20% vs avg
-19.3%
WHY THESE PEERS

KALPATARU LIMITED trades at a premium (60.2x vs peer avg 38.7x), implying higher growth or quality expectations from the Real Estate cohort. Peers include KNOWLEDGE MARINE & EN W L, MAHINDRA LIFESPACE DEVLTD, GANESH HOUSING LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹47 CrJun 2026

Latest net profit

₹-0.75 CrJun 2026

Latest EPS

₹-0.04Jun 2026

Net margin

4.7%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%-20 Cr0.00 Cr20 Cr40 Cr60 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr15 Cr30 Cr45 Cr60 Cr₹-1₹-0₹-0₹0₹0
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit-20 Cr0.00 Cr20 Cr40 Cr60 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.00K Cr0.00 Cr3.00K Cr6.00K Cr9.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +85.6464.8954.8367.7247.4348.4255.8858.0746.85
Expenses +74.5339.5246.3861.5139.2847.6351.8654.5544.63
Operating Profit11.1125.378.456.218.150.794.023.522.22
OPM %12.97%39.10%15.41%9.17%17.18%1.63%7.19%6.06%4.74%
Other Income +84.5876.6350.4488.5239.2943.9539.9937.4439.27
Interest56.0457.7285.9571.4757.9447.6442.9635.9437.26
Depreciation5.354.394.615.855.065.335.734.693.31
Profit before tax34.3039.89-31.6717.41-15.56-8.23-4.680.330.92
Tax %67.20%38.41%-7.86%6.55%-24.29%-26.49%-160.04%460.61%181.52%
Net Profit +11.2524.57-29.1816.27-11.78-6.052.81-1.19-0.75
EPS in Rs0.811.76-2.090.97-0.57-0.290.14-0.06-0.04
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters81.34%81.34%81.34%81.34%81.34%
FII7.66%7.66%7.68%7.96%8.09%
DII6.26%6.26%6.79%6.51%6.29%
Public4.29%4.29%3.01%2.98%2.50%
Others0.45%0.45%1.18%1.21%1.78%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Aug 04, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 04, 2026PDFCompany Reports Open