Shares of Kalpataru Projects International Ltd (KPIL) surged over 4% intraday on Monday after the company announced that it had secured new orders worth Rs 989 crore across its Transmission & Distribution (T&D) and Buildings & Factories (B&F) business segments. The announcement boosted investor sentiment as analysts see this as a clear indication of strong order book growth and execution momentum.
Key Highlights Of The Announcement
- Total order inflow: Rs 989 crore
- Business segments: Transmission & Distribution (T&D), Buildings & Factories (B&F)
- Domestic and international orders: The wins are spread across India and overseas markets.
- Stock performance: Kalpataru Projects shares rose by 4.1% to an intraday high of Rs 1,044.75 on the NSE.
Details Of The Orders
The company stated in its regulatory filing that:
- T&D business bagged orders in the international market, further strengthening its global footprint.
- B&F business secured a new order for design and construction works in India.
Kalpataru Projects Management View
Manish Mohnot, MD & CEO of KPIL, commented:
“We continue to witness robust order inflows in both T&D and B&F segments. These new orders are a testament to our strong execution capabilities and ability to maintain leadership in domestic and international markets.”
He added that the company’s focus remains on diversifying its order book, ensuring profitable growth while delivering projects on time.
Stock Performance Snapshot
| Particulars | Monday Close (Rs) | Change (%) | 52-Week High (Rs) | 52-Week Low (Rs) |
|---|---|---|---|---|
| Kalpataru Projects | 1,042.20 | +3.9 | 1,065.50 | 514.30 |
(Data as of July 1, 2025)
Order Book And Financial Performance
Kalpataru Projects Order Book
| Business Segment | Order Book (Rs crore) | Contribution (%) |
|---|---|---|
| Transmission & Distribution (T&D) | 14,850 | 59 |
| Buildings & Factories (B&F) | 6,450 | 26 |
| Oil & Gas Pipeline | 3,320 | 13 |
| Others | 460 | 2 |
| Total | 25,080 | 100 |
(Source: Company investor presentation Q4 FY25)
Revenue And Profit Trends
| Quarter | Revenue (Rs crore) | Net Profit (Rs crore) | EBITDA Margin (%) |
|---|---|---|---|
| Q1 FY25 | 4,075 | 195 | 10.3 |
| Q2 FY25 | 4,210 | 202 | 10.7 |
| Q3 FY25 | 4,325 | 211 | 11.0 |
| Q4 FY25 | 4,498 | 219 | 11.2 |
The company reported a steady rise in both revenue and profitability over FY25, supported by strong execution and a diversified order book.
Analyst Views On Kalpataru Projects
Brokerages remain positive on KPIL’s growth trajectory:
- Motilal Oswal: Retains BUY rating with a target price of Rs 1,220, citing robust order inflows and strong international market position.
- ICICI Securities: Expects 15% CAGR revenue growth over FY25-27 driven by strong order execution in T&D and B&F segments.
- HDFC Securities: Highlights improving operating margins and strong balance sheet as key positives, with debt reduction improving the credit profile.
Recent Developments And Strategic Moves
- Merger With JMC Projects Completed:
Kalpataru Projects completed its merger with JMC Projects (India) Ltd in late FY24, creating an integrated EPC major with diversified capabilities across infrastructure, civil construction, oil & gas pipelines, and T&D. - International Market Expansion:
KPIL continues to expand its presence in Africa, Middle East, and CIS countries, winning T&D and EPC contracts in these regions. - Focus On Green Energy Projects:
The company is actively bidding for renewable energy transmission and green hydrogen infrastructure projects, aligned with India’s net-zero goals.
Industry Outlook
The Indian government’s push for power transmission upgrades, urban infrastructure development, and renewable integration is expected to create significant opportunities for EPC companies like KPIL.
Key Sector Projections (2025-30)
| Segment | Market Size 2025 (Rs crore) | Market Size 2030 (Rs crore) | CAGR (%) |
|---|---|---|---|
| Power T&D EPC | 80,500 | 1,20,800 | 8.4 |
| Buildings & Factories | 55,700 | 95,200 | 11.2 |
| Oil & Gas Pipelines | 35,300 | 60,400 | 11.4 |
(Source: CRISIL, ICRA industry reports)
Future Outlook For Kalpataru Projects
Management has guided for:
- Order inflow target of Rs 15,000-17,000 crore in FY26.
- EBITDA margins to remain stable at 10.5-11%.
- Focus on strengthening market share in Africa, Middle East, and Southeast Asia.
Investor Takeaways
With an expanding order book, improving margins, and strategic diversification across domestic and global EPC markets, Kalpataru Projects remains well-positioned for sustained growth. Analysts advise investors to watch:
- Execution timelines of newly secured orders.
- Any increase in input costs impacting margins.
- International receivables realisation.
Disclaimer:
This news article is for informational purposes only based on company filings and market data. It does not constitute investment advice. Readers are advised to consult a certified financial advisor before making any investment decisions.
