Kalpataru Projects share price today

Kalpataru Projects International Ltd's share price was ₹1,337.70 at the close on 30 October 2026. It has been rising for 24 weeks. That is 2.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,071 and ₹1,446, and at that close it sat 71% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kalpataru Projects International Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row.

Over the last 11 years the share price moved +642% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), foreign funds (FIIs) cut their stake for 4 quarters in a row and profit up on a year earlier for 6 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹6,408 crore, +3.8% on a year earlier.

   Why: Revenue rose because more work was done on orders already won in its main power transmission, buildings and factories, and oil and gas businesses.

   Next results: check whether more bids turn into firm orders in these businesses.

   From the earnings call on 30 Sep 2026.

2. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 12% to 10.8% of the company by the September 2026 quarter.

3. Profit up on a year earlier for 6 quarters in a row

   In the June 2026 quarter profit was ₹312 crore, +45.8% on a year earlier.

   Why: Profit rose because the company won work at better prices and paid less interest on its borrowings.

   Next results: check whether better-priced work and faster project closures keep lifting profit.

   From the earnings call on 30 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), Kalpataru Projects reported revenue of ₹6,408 crore, up 3.8% from ₹6,171 crore a year earlier, and a profit of ₹312 crore, up 45.8% from ₹214 crore.

Kalpataru Projects results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Kalpataru Projects' management discussed these results on a call held on 30 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Kalpataru Projects closed at ₹1,337.70 on 30 October 2026, up 6.5% from ₹1,256.40 a year earlier (31 October 2025) and up 218.3% over five years. Its highest weekly close since March 2016 was ₹1,445.50 on 18 September 2026.

Kalpataru Projects share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 4 March 2016 to 30 October 2026.

30 Oct 2026: Kalpataru Projects closed at ₹1,337.70, up 3.6% on the week and down 1.4% on the month. Our read, 10 Oct 2026: A diversified EPC contractor two years past its debt clean-up: order wins are running ahead of goal, interest costs have halved, and the open questions are guidance discipline and how much of recent profit is other income.

Earlier

• 30 Sep 2026: Kalpataru Projects held its results call for April to June 2026. Management guided: FY27 top-line growth of 15%.
• Results for April to June 2026: Revenue up 3.8% and profit up 45.8% on a year earlier.
• 29 Jun 2026: ex-date for a dividend of ₹11 a share.

Our read of the business

Latest quarter: Profit +46% with half the rise from other income; order wins then accelerated into September.

Our read after the latest results, written 10 October 2026.

Kalpataru Projects paid ₹11 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.82% at the ₹1,337.70 close on 30 October 2026. The last was a dividend of ₹11 a share, ex-date 29 June 2026.

Kalpataru Projects dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Kalpataru Projects International Ltd paid out 18% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 30 September 2026, Kalpataru Projects' management guided: FY27 top-line growth of 15%.

“We will be able to easily surpass the capex guidance of 800 crores.”Kunal Jain, on the call for April to June 2026

What management guided

• FY27 profit before tax margin improvement of at least 75 basis points.
• FY27 working capital below 90 days.
• FY27 order inflows above ₹30,000 crore; Q2 review may lift the goal.
• FY27 capital spending to exceed ₹800 crore, driven by order intensity and project requirements.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 30 September 2026.

One change in Kalpataru Projects' own numbers looks lasting: debt falling. Also showing up, but too early to call lasting: a bigger order book and new regions and countries.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026.

FY26 order inflow guidance reduced in Oct 2025 from ₹26,000-28,000 Cr to ₹25,000 crore+, then reverted to original range at May 2026 for success claim at exact lower bound.

• 50-60% of orderbook from top-10 clients, some 25-year relationships; repeat business is primary measure of competitive moat. ✓ fact
• B&F FY26: revenue +19% on a year earlier; order inflows surged ~40% to ₹11,460 crore; order book ₹18,295 crore; design-build now ~50% of B&F mix delivering superior margins. ✓ fact

Our read after the latest results, written 10 October 2026.

July to September 2026 core profit before tax (excluding other income and any LMG stake-sale gain) growing under 10% year on year, together with FY27 revenue growth tracking under 12%, that would show the Q1 profit jump was mostly other income and that the record order book is not converting into earnings.

Each change stops working if

• Balance Sheet Transformation, Net Debt Collapsed, Interest Cost Falling: Working capital expands (water receivables stay above ₹1,400 crore, supplier days normalise) and capital spending runs well past ₹800 crore, pushing consolidated net debt back above ₹2,000 crore.
• Global T&D Capital spending Supercycle, Structural Multi-Decade Tailwind: Planned HVDC projects switch to another technology or stall in ministry review, and domestic transmission awards slow for two quarters.
• B&F Design-Build Pivot, Premium Margin Mix Shift: Design-build win rate drops, if clients stop awarding DB contracts due to project overruns or if the residential market cools materially in NCR and South India.
• Oil and Gas Middle East, Second Large Project Secured: The new project fails to start billing by January to March 2027, or the Aramco job overruns as it nears completion.

The main risks

• Management Credibility, Systematic Guidance Goal-Post Movement: Guidance keeps moving: Brazil write-off, FY26 capital spending about 40% over guide, revenue and order ranges shifted, and in FY27 capital spending is again set to exceed guidance while two statements changed between August and September without explanation. ⚠ estimate
• Middle East Geopolitical Disruption, H1 FY27 Execution Headwind: T&D supply chain disruption ₹200-250 Cr in January to March 2026 is ongoing in H1 FY27; normalization expected Q2 but geopolitical uncertainty makes timing uncertain. ✓ fact
• Water Receivables Recovery, State-Dependent, Collections Must Sustain: Water collections of ₹380-400 Cr a quarter run below the ₹2,500 crore annual goal, and ₹1,400-1,500 Cr of billed and unbilled work is still outstanding. ✓ fact
• Revenue Growth Downside from H1 Headwinds: FY27 revenue guidance at 15%+ (reset from 20-25%), April to June 2026 delivered 9% comparable growth; H2-weighted order book requires clean execution to deliver the guided range. ⚠ estimate

Our read after the latest results, written 10 October 2026.

When Kalpataru Projects reports July to September 2026, these are the 6 checks that show whether the story is still on course. First: Interest cost stays at or below ₹90 crore for Sep 2026 and consolidated net debt stays near ₹900-1,000 crore while revenue grows.

Kalpataru Projects is on 4 of our India lists: Multibagger study list, Momentum stocks, Small & mid cap stocks and Power & green energy stocks.

Kalpataru Projects International Ltd earned ₹312 Cr of net profit in the Jun 2026 quarter, +45.8% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹1,031 Cr. Over 10 years profit has grown 29.8% a year on average. That is 4.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹214 Cr.

For the full year, FY26 profit was ₹1,031 Cr (+81.8% on the year before).

Why profit moved: revenue changed +3.8% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +59.5% and revenue +15.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Kalpataru Projects International Ltd reported ₹6,408 Cr of revenue in the Jun 2026 quarter, +3.8% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 14.3% a year on average. The last full year, FY26, came in at ₹27,143 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹27,380 Cr.

FY26 revenue was ₹27,143 Cr, +21.6% on the year before.

Recent pace: the last four quarters grew +15.7% on average, against 14.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.6%, against +17.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +61.7%, against +52.3% a year (accelerating).

Kalpataru Projects International Ltd's operating margin was 9.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 9.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.3 percentage points on the year while gross margin changed +3.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 156% of Kalpataru Projects International Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,534 Cr of operating cash against ₹1,031 Cr of profit. After ₹441 Cr of spending on assets, ₹1,093 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 156% of profit came in as cash: the cash cycle got 31 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Kalpataru Projects International Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −94 days in FY26, down from −63 days in FY21. It spent ₹1,516 Cr on assets over the last 3 years. Customers take 113 days to pay, and stock sits for 69 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹27,143 Cr, each day of that cycle ties up about ₹74.4 Cr, so roughly −₹6,990 Cr is tied up in the business at any time.

FY26: customers took 113 days to pay and stock sat for 69 days, about 2.3 months of sales sitting as stock, for a full cycle of −94 days, shorter than FY21's −63.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 69 days. Customers pay about 113 days after that. Suppliers are paid at 276 days. Together that makes the −94-day cycle.

Spending on assets: ₹1,516 Cr over the last 3 years, against ₹1,480 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹64.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Kalpataru Projects International Ltd's P/E is 20.6×, in the middle of its own history: higher than 38% of past readings. Its usual P/E (the middle reading) is 24.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why this happened. B&F grew mid-teens YoY in Q1 FY27 revenue. The design-build pivot is the most durable margin driver in the business: it creates intellectual lock-in (KPIL designs the project, not just builds it), commands 100-200 bps premium EBITDA, and generates repeat-client relationships. Data centers, airports, and large industrial plants (NMDC, NALCO tenders qualified) add vertical diversification beyond residential. At Rs 19,600 Cr order book and 20%+ FY27 growth guidance, B&F is the most predictable earnings compounder in the mix.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹66.56.