Kalpataru Projects has already yielded 100% return but any growth left? Here's what analysts say
Kalpataru Projects International reported a healthy operating performance in the September 2024 quarter with a 7.6% and 17% increase in revenue and net earnings on a year-on-year basis. While decent execution supported revenue growth, a lower effective tax rate aided PAT growth. Segment-wise, T&D (domestic and international), Building and Factories, and Oil and Gas continue to do well whereas Railways and Water segments are seeing persistent challenges.
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The company has a global footprint in 75 countries and a diversified presence in high-growth sectors. Its order book is robust at Rs.60,631 crore (at the end of the September quarter), which provides strong revenue visibility. It is a beneficiary of the government’s continued focus on the infrastructure sector and India’s buoyant economic growth prospects. Expanding global population, urbanisation, escalating demand for electricity, a rising shift towards cleaner and more sustainable energy sources and electrification of transport are some of the factors that are supporting the ordering momentum in domestic and global T&D segments. Government programs to enhance connectivity (roads, railways, metro, airports) and upgrade urban infrastructure are generating opportunities in the construction sector.
Strong investments by oil PSUs in exploration, refineries and expansion of
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