Kolte Patil Developers Limited
Incorporated in 1991, KPDL is promoted by Mr Rajesh Patil, Mr Naresh Patil and Mr Milind Kolte. The KPDL group is one of the largest residential real estate developers in Pune. The company has a healthy project portfolio of affordable and mid-income,...
Key Metrics
EPS
-9.13
Current ratio
1.11
Debt/Equity
4.80
Debt/EBITDA
85.83
Interest coverage ratio
0.28
Operating Cashflow to total debt
-0.03
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strong brand and established market position in Pune market
Comfortable financial risk profile
Liquidity: Strong
Cons
Concentration in revenue
Exposure to risks and cyclicality inherent in the real estate sector
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About Kolte Patil Developers Limited bond.
This comprehensive profile covers key factual information about Kolte Patil Developers Limited. Incorporated in 1991, KPDL is promoted by Mr Rajesh Patil, Mr Naresh Patil and Mr Milind Kolte. The KPDL group is one of the largest residential real estate developers in Pune. The company has a healthy project portfolio of affordable and mid-income, and luxury residential segments through its brands, Kolte-Patil and 24K, respectively, and is expanding its presence in Bengaluru and Mumbai. The group has developed over 28 million sq ft of projects, and as on March 31 , 2024, ~3.08 million sq ft is ongoing unsold inventory spread across Pune, Mumbai and Bengaluru. It is expected to launch projects encompassing 8.92 msf in fiscal 2025. The projects are undertaken under KPDL or separate special purpose vehicles, with KPDL being the majority shareholder in the projects. EPS in Mar-2024 was -9.13. Current ratio in Mar-2024 was 1.11. Debt/Equity in Mar-2024 was 4.80. Debt/EBITDA in Mar-2024 was 85.83. Interest coverage ratio in Mar-2024 was 0.28. Operating Cashflow to total debt in Mar-2024 was -0.03. Total revenue for March-2024 was ₹1,394.78. Net income for March-2024 stood at ₹-69.35. Total assets as of Mar-2024 were ₹4,947.35. Operating cash flow for Mar-2024 was ₹-111.01. The company’s borrowing relationships include IndusInd Bank Limited (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), Kotak Mahindra Investments Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr). Peers and comparison entities consist of Kolte Patil Developers Limited, DLF Limited, Macrotech Developers Limited, Oberoi Realty Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong brand and established market position in Pune market; Comfortable financial risk profile; Liquidity: Strong. Key risks include: Concentration in revenue; Exposure to risks and cyclicality inherent in the real estate sector. Leadership team details include Achyut Watve (Independent Director), Atul Bohra (Chief Executive Officer), Dhanajay Barve (Independent Director), Girish Vanvari (Independent Director), Jayant Pendse (Independent Director), Khiroda Jena (Chief Financial Officer), Milind Kolte (Executive Director), Naresh Patil (Vice Chairman), Nirmal Kolte (Executive Director), Prakash Gurav (Independent Director), Rahul Talele (Chief Executive Officer), Rajesh Patil (Chairman & Managing Director), Sudha Navandar (Independent Director), Umesh Joshi (Independent Director), Vandana Patil (Non Executive Director), Vinod Patil (Company Secretary & Compliance Officer), Yashvardhan Patil (Joint Managing Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.