Kalpataru Projects International Limited
Promoted by Mofatraj Munot in 1981, KPIL is one of the leading players in the T&D sector. Pursuant to the completion of amalgamation of JMC with KPIL, it now also operates in the T&D segment, B&F, water, urban infrastructure, railways, bio mass plant...
Key Metrics
EPS
27.14
Current ratio
1.25
Debt/Equity
1.90
Debt/EBITDA
5.40
Interest coverage ratio
2.03
Operating Cashflow to total debt
0.07
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Established presence of KPIL in transmission & distribution segment as well as civil construction and infrastructure industry
Strong revenue visibility led by healthy and diversified order book position
Healthy growth in the scale of operations and relatively better profitability
Steadily reducing pledge of shares albeit with decline in promoter holding
Liquidity: Strong
Cons
Sustained high working capital intensity
Moderation in debt coverage indicators yet comfortable
Exposure to subsidiaries
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About Kalpataru Projects International Limited bond.
This comprehensive profile covers key factual information about Kalpataru Projects International Limited. Promoted by Mofatraj Munot in 1981, KPIL is one of the leading players in the T&D sector. Pursuant to the completion of amalgamation of JMC with KPIL, it now also operates in the T&D segment, B&F, water, urban infrastructure, railways, bio mass plant and oil & gas. KPIL’s manufacturing facilities for transmission tower structures are situated at Gandhinagar in Gujarat and Raipur in Chhattisgarh with a combined installed capacity of 240,000 metric tonne per annum (MTPA) as on March 31, 2023. In addition to its EPC business, KPIL has also diversified inorganically by acquiring Shree Shubham Logistics limited (SSLL –100% holding as on March 31, 2023) engaged in agri-warehousing and allied activities. Furthermore, KPIL has invested in the real estate project through its wholly-owned subsidiary, Energylink (India) limited (EIL). EPS in Mar-2024 was 27.14. Current ratio in Mar-2024 was 1.25. Debt/Equity in Mar-2024 was 1.90. Debt/EBITDA in Mar-2024 was 5.40. Interest coverage ratio in Mar-2024 was 2.03. Operating Cashflow to total debt in Mar-2024 was 0.07. Total revenue for March-2024 was ₹19,690.42. Net income for March-2024 stood at ₹509.61. Total assets as of Mar-2024 were ₹22,014.41. Operating cash flow for Mar-2024 was ₹842.96. The company’s borrowing relationships include Axis Bank limited (₹N/A Cr), Export Import Bank of India (₹N/A Cr), HDFC Bank limited (₹N/A Cr), HSBC limited (₹N/A Cr), ICICI Bank limited (₹N/A Cr), IDBI Bank limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), Karnataka Bank limited (₹N/A Cr), Karur Vysya Bank limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Yes Bank limited (₹N/A Cr), Axis Bank limited (₹N/A Cr), Export Import Bank of India (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank limited (₹N/A Cr), HSBC limited (₹N/A Cr), ICICI Bank limited (₹N/A Cr), IDBI Bank limited (₹N/A Cr), IDFC First Bank limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), Karnataka Bank limited (₹N/A Cr), Karur Vysya Bank limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), Societe Generale (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Yes Bank limited (₹N/A Cr), HDFC Bank limited (₹N/A Cr), HDFC limited (₹N/A Cr), ICICI Bank limited (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), Proposed (₹N/A Cr). Peers and comparison entities consist of Kalpataru Projects International Limited, Adani Energy Solutions Limited, Reliance Infrastructure Limited, Transrail Lighting Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established presence of KPIL in transmission & distribution segment as well as civil construction and infrastructure industry; Strong revenue visibility led by healthy and diversified order book position ; Healthy growth in the scale of operations and relatively better profitability; Steadily reducing pledge of shares albeit with decline in promoter holding; Liquidity: Strong. Key risks include: Sustained high working capital intensity; Moderation in debt coverage indicators yet comfortable; Exposure to subsidiaries. Leadership team details include Afzal Khan (Business Head), Anand Chopra (Business Head), Anjali Seth (Independent Director), Bimal Tanna (Independent Director), G L Gupta (Chief Procurement Officer), G M Shanthakumar (Business Head), Hitendra Pooniwala (Business Head), Jitendra Kumar Jain (Business Head), Kumaradevan Srinivasan (Business Head), Lalit Tiwari (Head), M A Baraiya (Chief Human Resource Officer), Manish Mohnot (Managing Director & CEO), Mofatraj P Munot (Non Executive Chairman), N K Kaushal (Business Head), N Neelakanteswaran (Head), Om Prakash Pandey (Business Head), Parag M Munot (Promoter Director), Rajeev Dalela (Business Head), Rajesh Kanade (Business Head), Ram Patodia (Chief Financial Officer), Ramesh Bhootra (Business Head), Sanjay Dalmia (Executive Director), Saugata Basu (Chief Digital Officer), Shailendra Kumar Tripathi (Deputy Managing Director), Shailendra Raj Mehta (Independent Director), Shweta Girotra (Company Secretary & Compliance Officer), Subramanian Sadasivam (Business Head), Vinod Singh (Business Head), Virendra Varshney (Business Head). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.