Kalpataru Projects International Ltd. share price target

Kalpataru Projects International’s (KPIL) Q2FY24 result witnessed a steady performance with i) healthy execution across majority of businesses, except railways and oil & gas, ii) stable net debt due to focused working capital management, and iii) robust OI during H1FY24 and strong tender pipeline going ahead.

Kalpataru Projects International’s (KPIL) Q1FY24 performance was healthy with standalone revenue/EBITDA growth of 15%/17% YoY to INR 16.1bn/ INR 3.1bn, respectively. PAT was lower YoY at INR 1.3bn on account of a decline in other income (last year included dividend from subsidiaries) and increase in depreciation (+41% YoY) on higher capex in FY23.

Kalpataru Power (Kalpataru) is reinventing itself into a global EPC company from a focused T&D player with presence in diversified geographies and diversified segments. It has been entering, building and scaling up new EPC segments over the last few years.