On 6 Nov 2026, Kalpataru was priced at ₹248.73, or 92.1× trailing earnings, against an industry P/E of 22.1×, and the shares are 39% below their 52-week high. Sales fell 3.2% a year over 3 years; its ROCE of 18% is the second-highest among the 7 largest Real Estate (Development) peers. Debt is 2.31× equity. It is a small-cap company with a market cap of ₹5,122 Cr, ranked 14th of 112 Real Estate (Development) companies by market cap; the shares fell 34% over the past year.
- ₹250.56
- ₹252.25
- ₹245.12
- ₹249.32
- 24.8K
Health check
- ReturnsBehind
−33.8% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 92.1 vs industry 22.1.
- GrowthShrinking
Sales −3.2% a year over 3 years.
- ProfitabilityAverage
ROCE 18.2% vs peer median 10.4%.
- Balance sheetStretched
Debt 2.31× equity, interest covered 1.1×, Piotroski 6 of 9.
- Red flags5 to check
Return on equity is low at 0.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,122 Cr
- Small cap
- P/E
- 92.1
- Industry 22.1
- Price to book
- 1.27
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- 0.7%
- Peers 11.1%
- ROCE
- 18.2%
- Peers 10.4%
- Debt to equity
- 2.31
- Debt ₹9,179 Cr
- EPS (TTM)
- ₹2.70
- Face value ₹10
- OPM (TTM)
- −0.2%
- Net margin 1.5%
- Sales growth
- −44.9%
- Latest quarter vs a year ago
- Profit growth
- −1524.8%
- Latest quarter vs a year ago
- Price to sales
- 1.65
- EV/EBITDA −4727.6
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 0.7%.
- Debt is 2.31× equity.
- Quarterly profit down 1524.8% on a year ago.
- Quarterly sales down 44.9% on a year ago.
- P/E of 92.1 against an industry P/E of 22.1.
About Kalpataru
Kalpataru Limited, through its subsidiaries, operates as a real estate development company in India. It engages in the real estate development, leasing, renting business; development lifecycle; and residential, comprising premium high-rise developments, integrated townships, and redevelopment projects in the Mumbai metropolitan region and Pune. The company was formerly known as Kalpataru Homes Limited and changed its name to Kalpataru Limited in February…
- Headquarters
- Mumbai
- Employees
- 1,900
- Sector
- Real Estate
- ISIN
- INE227J01012
- Website
- kalpataru.com
Price range
- Avg volume (3M)
- 63.4K
- 1-year return
- minus 33.8%
- From 52-week high
- minus 39.3%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| KALPATARUKalpataru | 248.73 | minus 0.24% | 5,122 | 92.1 | 10.5 | 18.2% | −26.3% | 2.31 | −3.2% | minus 33.8% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 794 | 505 | 1,694 | 472 | 437 | |
| 787 | 580 | 1,476 | 518 | 540 | |
| 6.7 | −74.7 | 217 | −45.9 | −103 | |
| 0.8% | −14.8% | 12.8% | −9.7% | −23.6% | |
| 21.2 | 30.3 | 33.6 | 41.6 | 48.3 | |
| 12.4 | 14.9 | 10.9 | 20.5 | 12.5 | |
| 10.7 | 12.2 | 13.6 | 10.3 | 11.7 | |
| – | −7.7 | – | – | – | |
| 4.8 | −79.1 | 226 | −35.1 | −79 | |
| −3.8% | 15.2% | 14.4% | 17.1% | 10.5% | |
| 5 | −62.8 | 200 | −26.5 | −70.7 | |
| 0.26 | -3.05 | 10.18 | -1.29 | -3.14 |
Profit & loss
- Sales CAGR 3Y
- −3.2%
- ROE
- 0.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,427 | 1,673 | 1,933 | 3,104 | |
| – | minus 51.2% | +15.6% | +60.6% | |
| 2,229 | 603 | 556 | 1,804 | |
| 1,198 | 1,069 | 1,378 | 1,301 | |
| 35.0% | 63.9% | 71.3% | 41.9% | |
| 3.5 | −5 | 44.8 | 29.4 | |
| 1,340 | 1,165 | 1,324 | 1,202 | |
| 31.8 | 32.6 | 37.7 | 46.4 | |
| 11.8 | 37.9 | 14.8 | 13.8 | |
| −159 | −95.7 | 75.9 | 95.8 | |
| −44.5% | −21.7% | 67.4% | 16.5% | |
| −203 | −103 | 21.6 | 93.7 | |
| -9.88 | -5.02 | 1.05 | 4.76 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 140 | 140 | 167 | 206 | |
| 1,076 | 879 | 2,314 | 3,911 | |
| 9,679 | 10,614 | 10,172 | 9,168 | |
| 1,640 | 2,238 | 3,722 | 4,398 | |
| 12,534 | 13,870 | 16,375 | 17,682 | |
| 259 | 257 | 365 | 436 | |
| 181 | 205 | 172 | 198 | |
| 85 | 92.1 | 116 | 128 | |
| 277 | 250 | 291 | 665 | |
| 11,732 | 13,067 | 15,431 | 16,256 | |
| 12,534 | 13,870 | 16,375 | 17,682 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,139 | 376 | 488 | 848 | |
| −31.9 | −133 | −34.6 | −142 | |
| −2,101 | −300 | −644 | −577 | |
| 6.2 | −55.8 | −190 | 130 | |
| −23.2 | −49.9 | −42.6 | −138 | |
| 2,116 | 327 | 446 | 711 |
Shareholding pattern
- Promoters81.33%
- Public18.67%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 81.33% | 18.67% | minus 0.01 | |
| 30 Jun 2026 | 81.34% | 18.66% | 0.00 | |
| 31 Mar 2026 | 81.34% | 18.66% | 0.00 | |
| 31 Dec 2025 | 81.34% | 18.66% | 0.00 | |
| 30 Sep 2025 | 81.34% | 18.66% | – |
Major shareholders
Filings & events
News
No recent news coverage found.