KPIL

Kalpataru Projects International share price & results

Kalpataru Projects International Limited· Construction· Industrials

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Diversified EPC contractor executing power T&D, oil & gas, water, rail and urban infra in 75+ countries.

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Inve AI Signals on KPIL
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Guidance Hit Rate
23 targets · 73% hit rate 11 achieved · 8 active →
Segment Shift
3 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹1,370.5 +0.21% · +₹2.9

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance +5.8% 1Y

₹1.0k₹1.1k₹1.2k₹1.3k₹1.4kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹1,295.9 on 7 Nov 2025 → ₹1,370.5. High ₹1,458.4 (7 Oct 2026), low ₹1,018.1 (23 Mar 2026).

Previous close
₹1,367.6
Market cap
₹23.4k Cr
52-week range
₹1,018.1 – ₹1,458.4
One year
+7.41%
Price to earnings (TTM to Sept 2026)
20.14×
Return on equity (TTM to Sept 2026)
13.69%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue6,213 ₹ crore+14.7% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin8.0 %0.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit269 ₹ crore+34.5% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity13.69 %+3.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin3.09 %+1.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)9.24 %+7.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

EPC grew from 98% to 99% of revenue over the last two years.

EPC 98.7% · ₹6,345.64 Cr +5.0% YoY
Others 1.1% · ₹71.25 Cr +7.3% YoY
Development Projects 0.2% · ₹11.36 Cr −84.6% YoY

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

11 of 15 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Kalpataru Projects International Limited management guidance track record on Inve: 23 targets tracked across analysed earnings calls (11 achieved, 4 missed, 8 open).

Watch execution in Operations & Margins (1 achieved · 1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Operations Shree Shubham Logistics External Debt
closer to 0 by June (Q1 FY27)
Call transcript, Q4 FY26 · 15 May 2026
Q4 FY26
Q1 FY27:The deadline for this promise was June 2026 (Q1 FY27). No update was provided in the earnings call or presentation, despite it being on the watchlist from the previous quarter.
Call transcript, Q1 FY27 · 11 Aug 2026
Ghosted
Growth T&D Annual Order Inflow Growth
at least 15-20% annually for next couple of years
Call transcript, Q3 FY26 · 5 Feb 2026
Q3 FY26
Q1 FY27:YTD FY27 T&D order inflow is over ₹4,100 crores. This is on track for the revised FY27 guidance of 'max ₹15,000 crores'.
Call transcript, Q1 FY27 · 11 Aug 2026
On Track
Operations Cash Flow Improvement (Assets/Water)
₹1,000 crores in FY26
Call transcript, Q3 FY25 · 14 Feb 2025
Q3 FY25
Q4 FY26:Management confirmed full delivery on promises for Vindhyachal transaction and Indore real estate project monetization, achieving the target.
Call transcript, Q4 FY26 · 15 May 2026
Achieved

Source: Inve Guidance Tracker for Kalpataru Projects International Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Kalpataru Projects International Limited's 23 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Kalpataru Projects International Limited

  • Kalpataru Projects International Limited → divests to → Indore real estate project.

    Q4 FY26 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Part of strategic commitments, money received

    “We also committed to finalizing the Vindhyachal transaction and the Indore real estate project. Today, I'm proud to report that we have fully delivered on each of these promises.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “We also committed to finalizing the Vindhyachal transaction and the Indore real estate project. Today, I'm proud to report that we have fully delivered on each of these promises.”

    Source company: Kalpataru Projects International Limited · Counterparty: Indore real estate project · Call date: 2026-05-15 · Period: Q4 FY26 · Review status: Structured call extraction

  • Kalpataru Projects International Limited → divests to → Vindhyachal transaction.

    Q4 FY26 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Part of strategic commitments

    “We also committed to finalizing the Vindhyachal transaction and the Indore real estate project. Today, I'm proud to report that we have fully delivered on each of these promises.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “We also committed to finalizing the Vindhyachal transaction and the Indore real estate project. Today, I'm proud to report that we have fully delivered on each of these promises.”

    Source company: Kalpataru Projects International Limited · Counterparty: Vindhyachal transaction · Call date: 2026-05-15 · Period: Q4 FY26 · Review status: Structured call extraction

  • Kalpataru Projects International Limited → divests to → Shubham Logistics.

    Q3 FY26 · Announced · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Declared non-core, selling specific warehouses to reduce debt.

    “We have Shubham Logistics, which we have declared as noncore, where also we are selling specific warehouses to reduce debt.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “We have Shubham Logistics, which we have declared as noncore, where also we are selling specific warehouses to reduce debt.”

    Source company: Kalpataru Projects International Limited · Counterparty: Shubham Logistics · Call date: 2026-02-05 · Period: Q3 FY26 · Review status: Structured call extraction

  • Kalpataru Projects International Limited → divests to → Indore real estate project.

    Q3 FY26 · Announced · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Full monetization to further reduce leverage and strengthen financial position.

    Disclosed value: INR 75 crores

    “Looking ahead, we are on track to complete the full monetization of inventory in our Indore real estate project before the end of March 2026. ... As far as Indore is concerned, as of 31st December, we had an outstanding of approximately INR 75 crores. And we believe the entire amount should come in, maybe a few crores here and there should come in before March.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “Looking ahead, we are on track to complete the full monetization of inventory in our Indore real estate project before the end of March 2026. ... As far as Indore is concerned, as of 31st December, we had an outstanding of approximately INR 75 crores. And we believe the entire amount should come in, maybe a few crores here and there should come in before March.”

    Source company: Kalpataru Projects International Limited · Counterparty: Indore real estate project · Call date: 2026-02-05 · Period: Q3 FY26 · Review status: Structured call extraction

  • Kalpataru Projects International Limited → divests to → Vindhyachal Road asset (VEPL).

    Q3 FY26 · Closed / completed · Neutral · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Redeploy capital into core EPC businesses and enhance return ratios, reduce leverage and strengthen financial position.

    Disclosed value: INR 799 crores

    “As a recent and significant update, we successfully completed the divestment of a 100% equity stake in the Vindhyachal Road asset in Jan '26. This transaction was based on an enterprise value of approximately INR 799 crores post-closing adjustments and has resulted in net cash inflows exceeding INR 600 crores for KPIL.”
    Evidence drawer

    Evidence type: Transcript excerpt

    “As a recent and significant update, we successfully completed the divestment of a 100% equity stake in the Vindhyachal Road asset in Jan '26. This transaction was based on an enterprise value of approximately INR 799 crores post-closing adjustments and has resulted in net cash inflows exceeding INR 600 crores for KPIL.”

    Source company: Kalpataru Projects International Limited · Counterparty: Vindhyachal Road asset (VEPL) · Call date: 2026-02-05 · Period: Q3 FY26 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Kalpataru Projects International Limited. Each comparison matches a headwind disclosed by Kalpataru Projects International Limited in the same calendar reporting quarter.

  • Impacted project execution and material availability

    Topic: Supply chain disruption · Logistics supply chain · Q1 FY27

    Kalpataru Projects International Limited reported: Impacted project execution and material availability.

    Reporting period ended 2026-06-30

    5 other companies · Logistics supply chain

    Larsen & Toubro Limited (LT) reported (period ended 2026-06-30): Ongoing conflict in the Middle East leads to logistical and trade disruptions, affecting select projects and causing subdued revenue growth in Q1.

    Cemindia Projects Limited (CEMPRO) reported (period ended 2026-06-30): Geopolitical situations can lead to scarcity of essential commodities and material supply issues.

    Welspun Enterprises Limited (WELENT) reported (period ended 2026-06-30): Ongoing geopolitical developments led to volatile and uncertain operating environment, impacting Q1 execution.

    Ahluwalia Contracts (India) Limited (AHLUCONT) reported (period ended 2026-06-30): Impacted by price increases and supply chain issues (e.g., switchgear delivery delays from 4-6 weeks to 3-4 months) due to external factors like war.

    Evidence drawer

    Evidence type: Summary paraphrase

    Impacted project execution and material availability.

    Source company: Kalpataru Projects International Limited · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 5

    Similar commentary provides sector context; it does not establish a business relationship.

Mentions over time

First observed: Q4 2025 · Latest observed: Q1 2026

Recorded disclosures by calendar reporting quarter
PeriodOther callsOwn calls
Q1 202602
Q4 202503

Counts reflect the calls covered here. No mention in a period does not establish that a relationship ended.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

KPIL ₹1,370.5 +0.21%
Guidance Verdict (23 tracked) 11 kept · 8 open· 4 missed
AI Call Brief · Q1 FY27

Kalpataru Projects International Limited Q1 FY27

Overview

Symbol
NSE:KPIL
Industry
Industrials
Exchange
NSE
Currency
INR

What Kalpataru Projects International Limited does

Based on the company's own presentations, annual report and earnings calls.

Kalpataru Projects International Limited (KPIL) is a diversified engineering, procurement and construction (EPC) company that designs, builds and commissions infrastructure across six verticals: power transmission & distribution, oil & gas pipelines, buildings & factories, water, railways and urban infrastructure. It earns revenue by executing turnkey EPC contracts for utilities, governments and private developers across India and more than 75 countries spanning Africa, the Middle East, the Americas and Europe. The company began in 1981 as HT Power, secured its first EPC transmission contract in 1984, and has since built in-house capabilities in tower design, testing and manufacturing, cross-country pipeline laying, metro rail construction and large-format building projects. It operates through subsidiaries including Sweden-based Linjemontage for European transmission projects, and absorbed the erstwhile JMC Projects (India) Limited through amalgamation.

Segments

  • Power Transmission & Distribution (T&D)
  • Oil & Gas
  • Buildings & Factories (B&F)
  • Water
  • Railways
  • Urban Infrastructure
Years of operating experience
40+ years
Countries of operation (global footprint)
75+ countries
Projects under execution
250+
Employee nationalities represented
50+
In-house tower manufacturing plants
2 (Gandhinagar, Gujarat and Raipur, Chhattisgarh)
Transmission tower manufacturing capacity
2,40,000 MTPA
Founded 1981Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

Moved an average of ±2.2% across the last 3 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2711 Aug 265,482 265+8.8%₹1,315.4 → ₹1,347.7+2.5%
Q4 FY2615 May 266,964 220+12.3%₹1,226.6 → ₹1,257.6+2.5%
Q3 FY265 Feb 265,788 211+19.9%₹1,125.5 → ₹1,107.6−1.6%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Other Construction companies

PEER COMPARISON
Median ₹22,067 Cr Mkt Cap
₹0 Cr₹2.5L Cr₹5.0L Cr₹7.5L CrKalpataru Projects International Limited (KPIL): ₹23,404 Cr₹23,404 CrKPILLarsen & Toubro Limited (LT): ₹5.8L Cr₹5.8L CrLTRail Vikas (RVNL): ₹42,055 Cr₹42,055 CrRVNLCemindia Projects Limited (CEMPRO): ₹24,113 Cr₹24,113 CrCEMPROIRB Infrastructure Developers Limited (IRB): ₹22,067 Cr₹22,067 CrIRBNBCC (India) Limited (NBCC): ₹21,708 Cr₹21,708 CrNBCCEngineers India Limited (ENGINERSIN): ₹16,909 Cr₹16,909 CrENGINERSINCentral Mine Planning & Design Institute Limited (CMPDI): ₹13,060 Cr₹13,060 CrCMPDIITD Cem (ITDCEM): ₹12,705 Cr₹12,705 CrITDCEM

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Quick Answers

Frequently asked questions on Kalpataru Projects International Limited

Compiled directly from KPIL's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Kalpataru Projects International Limited (KPIL) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Kalpataru Projects International Limited reported revenue of ₹6.2k Cr, net profit of ₹269 Cr, an operating margin of 8.0%. Diluted earnings per share stood at ₹15.75.

How is Kalpataru Projects International Limited (KPIL) valued today, and what growth does the stock price imply?

Kalpataru Projects International Limited (KPIL) trades at ₹1,370.5, with a market capitalization of ₹23.4k Cr.

Who owns Kalpataru Projects International Limited (KPIL) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 33.6%, FIIs hold 10.8%, DIIs hold 44.9%, Public shareholders hold 10.8%.

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