Kalpataru Projects share price: Kalpataru Projects International Ltd (KPIL) shares saw jump of 5 per cent on Tuesday, reaching a high of ₹1,032.60 after bagging orders worth a total of ₹2,366 crore.
The stock has declined over 23.41 per cent this year so far. Meanwhile, the share has gained nearly 88 per cent in past five years.
“Kalpataru Projects International Limited (KPIL), along with its international subsidiaries, have secured notification of awards / comfort letters of approx. ₹ 2,366 crore,” the firm said in a release.
The details of the aforesaid new orders are as follows: Orders in the Transmission and Distribution (T&D) business in India and overseas market; Order in the Buildings and Factories (B&F) business in India
Manish Mohnot, MD & CEO, KPIL, said, “We are particularly enthused with the prestigious orders wins in the HVDC segment for our T&D business in India. Our T&D order book continues to grow on back of rising power demand, rapid expansion of renewable energy and focus on improvement of T&D infrastructure. We continue to focus strengthening KPIL’s market position and improve our capabilities in the T&D business globally."
Mahnot further added, "The order in the B&F business is a repetitive orders from an existing client, demonstrating our impeccable track record of timely delivery and strong capabilities in the B&F construction space. With these new orders, our order intake till date in FY25 has reached ~ ₹ 24,850 Crores, providing good visibility for improved execution and growth going forward.”
Kalpataru Projects Q3 results highlights
Kalpataru Projects International reported a slight 3 per cent decline in consolidated net profit, reaching ₹139.59 crore for the December 2024 quarter. In comparison, the company had recorded a consolidated net profit of ₹144.07 crore in the quarter ending December 31, 2023, according to its regulatory filing.
The company's total income increased to ₹5,742.76 crore in the reviewed quarter, up from ₹4,909.95 crore in the corresponding period last year.
As of December 31, 2024, the order book expanded by 19 per cent year-on-year, reaching ₹61,429 crore.
Should you buy or sell?
Brokerage firm Axis Securities has maintained ‘buy’ call on Kalpataru Projects stock, however, has reduced the target price from ₹1590 to ₹1350.
“The stock is currently trading at 17x/13x FY26E/27E EPS. We maintain our BUY rating on the stock with a TP of ₹1,350/share. The company is well-positioned to benefit from a robust order book, favourable sectoral tailwinds in both domestic and international T&D and B&F segments, improved performance of its international subsidiaries, supportive government initiatives, and expected margin improvements. It is projected to deliver a CAGR of 16%/19%/31% over FY24-27E,” the brokerage firm said.
Meanwhile, Anshul Jain, Head of Research at Lakshmishree Investment, says advises traders to watch for signs of accumulation in this range for potential upside continuation.
“KPIL, after a sharp 43% correction over 26 weeks, found a climactic bottom near 821 and surged with strong volume spikes, exceeding three times the 50-day average. The stock is undergoing a deeper pullback and is expected to test the 50% retracement of its fall at 1,131. Any dips towards the 950-980 zone should be seen as a buying opportunity, as the structure suggests renewed strength. Traders should watch for signs of accumulation in this range for potential upside continuation,” Jain said.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.