Kalpataru Projects International Ltd (Infra - Power - Generation/Distribution) — fundamental analysis, earnings data, and key metrics. PE: 21.6. ROE: 10.0%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Feb 28, 2026
What: Non-core asset sales completed to redeploy capital into higher-margin EPC businesses
“We have completed the divestment of the Vindhyachal road asset in January 2026 and we are on track to fully monetize the Indore Real estate project by March 2026.”
What: 110bps PBT margin improvement exceeding guidance, driven by better project selection
“The same is reflected from improvement in Consol and standalone PBT margin of 110bps and 80bps respectively for 9 months FY26. This performance exceeds our guidance of console PBT margin improvement of 100bps.”
What: Broad-based double-digit growth across business verticals with healthy order backlog
“We expect revenue growth for the full year to be approximately 25% accompanied by improvement in earnings of minimum 50 basis points at standalone and 100 basis points in consol.”
Earnings deceleration risks from management commentary
Trigger: If collections don't sustain improvement trend
Management view: Our water business saw decline in revenue in Q3 and 9 month FY26 collections in the water business have started to improve especially from UPJGM project starting January 20th, 2026 till date.
Monitor: Water business collections trend
Trigger: If trend continues through Q4
Management view: In Q3 faster EBITDA loss is around 63 crores. In Q3 itself. Yeah. And total for nine months around 186 crores. This is one area where we believe against whatever we had projected for the year. This is one area where we have not been able to achieve on whatever projections we did.
Monitor: Q4 EBITDA performance vs projections
Key quotes from recent conference calls
“We have completed the divestment of the Vindhyachal road asset in January 2026 and we are on track to fully monetize the Indore Real estate project by March 2026. These steps align with our commitment to redeploy capital into our core EPC businesses to enhance our return ratios. — Unidentified Speaker”
“Second, we have maintained a steady trend of securing new projects with better margins. The same is reflected from improvement in Consol and standalone PBT margin of 110bps and 80bps respectively for 9 months FY26. This performance exceeds our guidance of console PBT margin improvement of 100bps. — Unidentified Speaker”
“The growth in revenue is broad based with most of the business verticals delivering a healthy double digit growth led by strong execution and healthy order backlog. — Unidentified Speaker”
“We expect revenue growth for the full year to be approximately 25% accompanied by improvement in earnings of minimum 50 basis points at standalone and 100 basis points in consol. Furthermore, we remain confident in reaching a target console EPS exceeding rupees fifty per. — Unidentified Speaker”
Forward-looking targets from management for Full year FY26
Revenue Growth Target
25%
Key Milestones
• 25% revenue growth
• 100bps PBT margin improvement
• EPS exceeding ₹50
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Kalpataru Projects International Ltd's latest quarterly results (Dec 2025) show
Kalpataru Projects International Ltd's current PE ratio is 21.6x.
Kalpataru Projects International Ltd's price-to-book ratio is 2.6x.
Kalpataru Projects International Ltd's fundamental strength based on key financial ratios
Kalpataru Projects International Ltd has a debt-to-equity ratio of N/A.
Kalpataru Projects International Ltd's return ratios over recent years
Kalpataru Projects International Ltd's operating cash flow is positive (FY2025).
Kalpataru Projects International Ltd's current dividend yield is 0.84%.
Kalpataru Projects International Ltd's shareholding pattern (Dec 2025)
Kalpataru Projects International Ltd's promoter holding has remained stable recently.
Kalpataru Projects International Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Kalpataru Projects International Ltd has 3 key growth catalysts identified from recent earnings analysis
Kalpataru Projects International Ltd has 2 key risks worth monitoring
In Q3 FY26, Kalpataru Projects International Ltd's management highlighted
Kalpataru Projects International Ltd's management has provided the following forward guidance for Full year FY26
Based on quantitative research signals, here is why Kalpataru Projects International Ltd may be worth studying
Kalpataru Projects International Ltd investment thesis summary:
Kalpataru Projects International Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
