Credit ratingSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 10 Sep - CRISIL downgraded Kalpataru’s bank facility rating to BBB/Stable on September 10, 2026; Rs1,362.94 crore rated.
Source: Bse
Kalpataru Limited (KALPATARU)
Small CapReal Estate stocks · Small cap · NSE
Kalpataru Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:50 pm ISTDetails
Quote21 Oct, 03:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result04 Aug, 12:22 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -1.5% / mo · MACD − · near 52W low · sector -5.2pp vs Nifty 500 (3M)
Stock trend: 22
Sector RS: 45
Sector 3M: -10.8% vs Nifty 500 -5.6%
Real Estate FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KALPATARUD candles · FIT view-22.6%Latest close ₹253.15 on 2026-10-21
Bar
-1.7%
RSI
35
MACD hist
-1.03
52W pos
2%
2026-10-21O ₹257.65H ₹265.20L ₹250.60C ₹253.15Vol 24,566 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
KALPATARUNifty RealtyNifty 500
- KALPATARU
- -8.4%
- Nifty 500
- -6.5%
- Nifty Realty
- -13.1%
- Vs Nifty 500
- -1.9 pp
Chart stats
21 Oct 2026- From 52W high
- -38.4%
- 52W range position
- 2%
- ATR (14)
- 3.8%
- Volume vs 20D
- 0.39x
- Avg traded value
- ₹1.7 Cr
- 20D price channel
- ₹250.6 - ₹292
₹410.7
₹250 - ₹410.7
₹9.7
Latest completed session
20-session average
23.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST32
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +6.5% · PAT NDF YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model-37.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 2/100margin compression · Rev +7% YoY
Filed 03 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹472 Cr | +6.5% | -72.1% |
| EBITDA | ₹-46 Cr | -64.3% | -121.3% |
| Operating margin | -10.0% | -400 bps | -2300 bps |
| PAT | ₹-29 Cr | NDF | -115.0% |
| PAT margin | -6.1% | +560 bps | -1759 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 45.70
- P/B
- 1.36
- EV/EBITDA
- 99.88
- Market Cap
- 5614.00Cr
Profitability
- ROE
- 2.73%
- ROCE
- 1.27%
- ROA
- 0.58%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 29.00%
- Revenue 3Y
- -2.00%
- EPS 3Y
- 35.00%
Balance Sheet
- Debt/Equity
- 2.23
- Interest Coverage
- 1.71×
- Altman Z
- 0.86
- Book Value
- 200.00
Cash Flow
- FCF Yield
- 12.58%
- FCF Positive Y
- 7/5
- OCF
- 848.00 Cr
- EPS TTM
- 5.66
Shareholding
- Promoter Hold
- 81.34%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 14%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 472-72.1% vs prev
Net Profit
₹ CrLatest: -29.0-114.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 35.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~1.5% over last month) — short-term momentum negative.
- RSI(14) at 35 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
24
RS percentile
Stage 4 Downtrend
1M return
-6.2%
3M return
-8.4%
6M return
-22.4%
1Y return
-34.6%
RS 1D
0
RS 20D
+1
Sector rank
#18
Industry rank
#69
Stage evidence
- Price is 14.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.9%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 69.9-1.05%
RS vs Nifty 50070
Valuation & peers
U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · WATCHLISTValuation1/30
Growth17/25
Quality0/20
Balance Sheet0/15
Cash Flow10/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
32
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
32/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 12.6%.
- Cash flow contributes 10/10 to the score.
- Growth contributes 17/25 to the score.
Main drags
- Altman Z is 0.9, in distress territory.
- Fair-value margin of safety is negative at -37.0%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
45.7
PB
1.4
EV/EBITDA
99.9
ROE
2.7%
ROCE
1.3%
FCF Yield
12.6%
Debt/Equity
2.2
MoS
-37.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
32
Previous: 32
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-37.0%
Previous: -37.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
32
32
32
32
32
32
32
32
32
32
32
32
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹159.59
-61.8% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹188.48
-37.0% MoS
PEG
1.46
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANINFRA
Small
Man Infraconstruction Limited
Real Estate
match 166
43
23.1
9.2%
+37%
WATCHLIST
GANESHHOU
Small
GANESH HOUSING LIMITED
Real Estate
match 165
62
22.1
16.0%
+36%
UNDERVALUED
RUSTOMJEE
Small
Keystone Realtors Limited
Real Estate
match 165
16
39.6
2.8%
-1722%
OVERVALUED
MAHLIFE
Small
Mahindra Lifespace Developers Limited
Real Estate
match 164
44
24.1
9.9%
+34%
WATCHLIST
KOLTEPATIL
Small
Kolte - Patil Developers Limited
Real Estate
match 163
16
30.7
-4.4%
-85%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Kalpataru Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
55Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 16th percentile of the scored universe and 28th percentile within Real Estate. Main check: balance sheet trust is weak at 8/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
24 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
16th percentile
overall median 67 · Real Estate: 28th pctile, median 61 · Small: 18th pctile, median 66
Evidence depth
Financial-only
24 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
8
weak · leverage and solvency
Discipline
32
weak · capital discipline
Results
50
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 81.3%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 12.4%.
- ▸7 years of positive FCF.
Trust risks
- ▸Debt/equity is 2.23.
- ▸Altman Z is 0.86.
- ▸Interest coverage is 1.7x.
- ▸ROCE is low at 1.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Kalpataru Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement Under Regulation 30 (LODR) - Disclosure With Regard To Show Cause Notice Received From GST Department By The Wholly-Owned Subsidiary - Ananta Landmarks Private Limited 25 Sep - Subsidiary received GST show cause notice for ₹14.00 crore for FY 2022-23.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 9 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Annual reportAug 2026
Aug 2026 · Letter To Shareholders Providing The Web-Link Of The Annual Report Of The Company For The Financial Year 2025-26 1d - Kalpataru 38th AGM scheduled for August 3, 2026; FY2025-26 annual report web-link shared.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 4 Aug - Shareholders approved Rathi & Associates as Secretarial Auditors for FY2026-27 to FY2030-31.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Aug
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Scheme of Arrangement 1d - NCLT Mumbai approved withdrawal of Project Magnus demerger scheme on July 8, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 10 Jul
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.