Kalpataru Projects International Limited (KALPATPOWR) Fair Value & Analysis

Industrials · IN · Market cap ₹85.0B

Below-average quality, and screening another 61% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹701.98). The favourable scenario is already priced in.
• Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (₹377.99 to ₹701.98) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹322.84 – ₹1,433 · fair‑value band ₹377.99 – ₹701.98 · the ₹1,388 price screens above the ₹539.98 fair value. Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

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Analysis

Kalpataru Projects International Limited (KALPATPOWR) currently trades at ₹1,388, while our model-based Fair Value estimate is ₹539.98, implying the stock looks roughly 61.1% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Kalpataru Projects International Limited generated revenue of ₹164B at a net margin of 2.7%. Revenue grew 18.1% year over year. It earns a return on equity of 9.6%. Net debt stands at ₹27.3B. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹377.99 (bear case) to ₹701.98 (bull case); at ₹1,388, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -61%, KALPATPOWR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (₹570.10) versus DCF Models (₹78.25). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Kalpataru Projects International Limited provides engineering, procurement, and construction (EPC) services relating to power transmission and distribution, civil construction, railway track laying and electrification, and oil and gas pipelines laying in India and internationally.

Full company description

Kalpataru Projects International Limited provides engineering, procurement, and construction (EPC) services relating to power transmission and distribution, civil construction, railway track laying and electrification, and oil and gas pipelines laying in India and internationally. It designs, tests, fabricates, erects, constructs, and maintains transmission lines, oil and gas infrastructure, and railways projects on a turnkey basis. The company also provides EPC contracting services for cross-country pipelines, terminals, and gas gathering stations across various territories; and EPC services for executing civil infrastructure, bridges, new track laying, track rehabilitation, gauge conversion, signaling and telecommunication, traction sub-station, and over-head electrification projects for railways. In addition, it engages in the high voltage substation business in air insulated and gas insulated; manufacture of railway structures; and operation of two biomass power generation plants in Rajasthan, India. Further, the company is involved in the agri-storage infrastructure with value added services, such as warehousing, collateral management, testing and certification, and pest management, as well as preservation, maintenance, and security. The company was formerly known as Kalpataru Power Transmission Limited and changed its name to Kalpataru Projects International Limited in May 2023. Kalpataru Projects International Limited was incorporated in 1981 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Kalpataru Projects International Limited reported revenue of ₹164B in FY2023 versus ₹107B in FY2019, a compound +11.1%/yr. Reported net income was ₹4.4B in FY2023, compounding −1.4%/yr from FY2019.

KALPATPOWR screens 61% overvalued. Compare with Larsen & Toubro Limited →

Peer Group

Engineering & Construction · 836 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.