# Kalpataru Projects International (KPIL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/kpil

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,366.8
- Change: -0.33%
- As of: 2026-11-06
- 1D return: -0.33%
- 5D return: +2.18%
- 1M return: -2.48%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

KPIL closed at ₹1366.8 on 2026-11-06, marking a moderate downward gap of -0.3%. The daily technical setup is conflicted: while the price remains above key long-term moving averages (20/50 EMA, 20/200 SMA), it has broken below the daily Supertrend and the 50-period SMA, signaling weakening short-term momentum. Daily trend strength is weak (ADX 14.56), contrasting with a developing bullish weekly trend (ADX 23.38) and a bullish monthly structure. The stock trades in the upper-middle of its 20-day (+60.1%) and 252-day (+74.5%) ranges, suggesting limited upside room without a breakout. Immediate resistance lies at ₹1374.1 (pivot, +0.53%), with support at ₹1363.3 (-0.26%). Annualized volatility is elevated at +33.7%, and the current drawdown stands at -6.3% from the available high.

- Trend Conflict: Daily indicators show bearish divergence (price below Supertrend and 50-SMA) despite being above longer-term averages; weekly and monthly trends remain bullish.
- Key Levels: Resistance at ₹1374.1 (+0.53%) and ₹1382.1 (+1.12%); Support at ₹1363.3 (-0.26%) and ₹1355.3 (-0.84%).
- Momentum & Volatility: Weak daily trend conviction (ADX 14.56); high annualized volatility (+33.7%) and ATR (3.25%) indicate active price swings.
- Monitoring Condition: A daily close above ₹1374.1 would confirm renewed bullish participation; a break below ₹1363.3 increases downside risk toward ₹1355.3.

- Inside Bar
- Bullish Engulfing Reversal
- Morning Star
- Doji
- Outside Bar
- Harami

### News Context

Kalpataru Projects International (KPIL) reported its Q2 FY27 financial results on November 6, 2026, marking a significant improvement in profitability and balance sheet health. The company posted a 20.4% year-on-year increase in net profit to ₹289 crore, driven by strong operational performance and an order inflow of ₹23,934 crore during the fiscal year. Revenue grew 7.3% to ₹7,004 crore, supported by a robust remaining order book of ₹71,846 crore as of September 30, 2026.

A key development in the quarter was the substantial reduction in net debt, which fell from ₹917 crore to ₹72 crore. This deleveraging occurred despite a slight narrowing of the consolidated EBITDA margin to 8.3% from 8.6% in the previous year's quarter. These figures indicate a shift towards stronger liquidity and reduced financial risk, although margin pressure remains a factor to monitor.

- Q2 FY27 Net Profit: Increased 20.4% YoY to ₹289 crore.
- Revenue Growth: Rose 7.3% YoY to ₹7,004 crore.
- Debt Reduction: Net debt decreased sharply from ₹917 crore to ₹72 crore.
- Order Book: Strong inflows of ₹23,934 crore in FY27; closing book stands at ₹71,846 crore as of Sept 30, 2026.
- Margin Pressure: Consolidated EBITDA margin narrowed slightly to 8.3% from 8.6% YoY.

- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Kalpataru Projects Q2 results: Net profit rises 20.4% to ₹289 crore, revenue up 7.3%](https://www.cnbctv18.com/market/earnings/kalpataru-projects-q2-results-net-profit-rises-20-4pc-to-rs289-crore-revenue-up-7-3pc-20028323.htm)

### What Changed

Kalpataru Projects International (KPIL) reported Q2 FY27 results on November 5, 2026, showing a 20.4% year-on-year rise in net profit to ₹289 crore and a 7.3% revenue increase to ₹7,004 crore. The company significantly deleveraged its balance sheet, reducing net debt from ₹917 crore to just ₹72 crore, while maintaining a robust order book of ₹71,846 crore as of September 30, 2026. Order inflows for the fiscal year reached ₹23,934 crore.

Concurrently, KPIL announced key governance changes: Mr. Amit Uplenchwar was appointed Joint Managing Director & CEO (designate) effective January 1, 2027, subject to shareholder approval. Additionally, shares held by promoters Imtiaz Kanga and Yasmin Imtiaz Kanga are being reclassified from 'Promoter Group' to 'Public', pending regulatory approvals. On the operational front, subsidiary Kalpataru Power Transmission Sweden AB sold shares in Linjemontage i Grästorp AB during its Nasdaq Stockholm listing, raising SEK 592 million (₹568 crore). While credit ratings were upgraded to AA+/Stable, consolidated EBITDA margins narrowed slightly to 8.3% from 8.6% in the prior year quarter.

- Q2 FY27 Net Profit rose 20.4% YoY to ₹289 crore; Revenue increased 7.3% to ₹7,004 crore.
- Net debt reduced sharply from ₹917 crore to ₹72 crore; Credit rating upgraded to AA+/Stable.
- Order Book stands at ₹71,846 crore with YTD inflows of ₹23,934 crore in FY27.
- Amit Uplenchwar appointed JMD & CEO (designate) effective Jan 1, 2027; Promoter share reclassification initiated.

- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Kalpataru Projects Q2 results: Net profit rises 20.4% to ₹289 crore, revenue up 7.3%](https://www.cnbctv18.com/market/earnings/kalpataru-projects-q2-results-net-profit-rises-20-4pc-to-rs289-crore-revenue-up-7-3pc-20028323.htm)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWER_05112026181805_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183240_RESULTS.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183938_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183715_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026184946_SEIntimationIP05112026.pdf)

### Official Filings

Kalpataru Projects International Limited (KPIL) reported record financial performance for the half-year ended September 30, 2026, alongside significant governance and capital structure developments. Consolidated revenue grew 11% year-on-year to ₹13,391 crores, with EBITDA margins expanding to 6.1%. The company achieved near net-debt-free status, reducing gross debt to just ₹72 crores, which supported credit rating upgrades to AA+/Stable by CRISIL and India Ratings. Order inflows surged 60% year-on-year to ₹23,934 crores in FY27, contributing to a record consolidated order book of ₹71,846 crores.

On the governance front, the Board approved elevating Mr. Amit Uplenchwar as Joint Managing Director & CEO (designate), effective January 1, 2027, for a five-year term subject to shareholder approval. Additionally, the Board approved requests from promoters Imtiaz Kanga and Yasmin Imtiaz Kanga to reclassify their shares from the 'Promoter Group' to the 'Public' category, pending regulatory and shareholder approvals. Operationally, subsidiary Kalpataru Power Transmission Sweden AB sold shares in Linjemontage i Grästorp AB during its Nasdaq Stockholm listing, raising SEK 592 million (Rs. 568 crore) while retaining control.

- Financial Performance: H1 FY27 consolidated revenue reached ₹13,391 crores (up 11% YoY) with EBITDA margin at 6.1%; Q2 PBT rose 24% YoY to ₹398 crores.
- Balance Sheet Strength: Gross debt reduced to ₹72 crores (near net-debt-free); credit ratings upgraded to AA+/Stable by CRISIL and India Ratings.
- Order Book Growth: YTD FY27 order inflows increased 60% YoY to ₹23,934 crores, bringing the total consolidated order book to a record ₹71,846 crores.
- Leadership Change: Mr. Amit Uplenchwar appointed Additional Director and KMP as Joint MD & CEO (designate) effective Jan 1, 2027, for a five-year term, subject to shareholder approval.

- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWER_05112026181805_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183240_RESULTS.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183938_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183715_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026184946_SEIntimationIP05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "KPIL Announces Financial Results for Quarter & Half Year Ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026185140_SEIntimationPressRelease05112026.pdf)
- [KALPATARU PROJECTS INTERNATIONAL LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_500_WebXMLFile_20261105_214052494.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754309_05112026094244_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754310_05112026094249_WEB.xml)
- [Kalpataru Projects International Limited has informed the Exchange about Intimation under Regulation 30 and Regulation 31A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Receipt of requests for reclassification from "Promoter Group" category to "Public" category |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KALPATPOWR_03112026172037_SEintimation03112026.pdf)

### Fundamentals

Kalpataru Projects International (KPIL) demonstrates a robust operational trajectory with improving earnings quality and significant balance-sheet deleveraging. For the two quarters of FY2026-27, revenue from operations grew sequentially from ₹6,408 crore to ₹7,004 crore, supported by strong year-on-year growth of 32% in the trailing twelve months ending Sep 2025. However, profitability metrics softened in Q2; Profit Before Tax fell to ₹398 crore from ₹420 crore in Q1, and Net Profit declined to ₹292 crore from ₹312 crore, resulting in a sequential drop in EPS from ₹18.16 to ₹16.92.

Financial health has strengthened markedly. Total borrowings decreased significantly, with current borrowings falling from ₹3,583 crore to ₹2,446 crore and non-current borrowings dropping sharply from ₹1,052 crore to ₹244 crore as of Sep 2026. Cash generation remains high, with Cash Flow from Operations reaching ₹1,534 crore in Mar 2026, while cash reserves more than doubled to ₹1,579 crore. The company’s working capital efficiency is notable, maintaining a negative Cash Conversion Cycle of -94 days in Mar 2026, driven by extended Days Payable (276 days). Return on Capital Employed improved to 18% in Mar 2026, up from 16% in prior years.

The key checkpoint for investors is whether KPIL can stabilize operating margins in upcoming quarters, given the recent sequential decline in pre-tax profit despite top-line growth.

- Revenue Growth: Sales rose to ₹7,004 crore in Q2 FY2026-27, continuing a strong trend with TTM sales at ₹27,380 crore and YoY growth of 32% in Sep 2025.
- Margin Pressure: Pre-tax profit and net profit declined sequentially in Q2 FY2026-27 (₹398 crore and ₹292 crore respectively), reversing the growth seen in Q1.
- Deleveraging: Total borrowings reduced substantially, with non-current borrowings plummeting to ₹244 crore and current borrowings falling to ₹2,446 crore as of Sep 2026.
- Cash & Efficiency: Cash from operations reached ₹1,534 crore in Mar 2026, and the Cash Conversion Cycle remained highly efficient at -94 days, indicating strong supplier credit utilization.

### Bull Case

Kalpataru Projects International presents a conditional upside case anchored by significant deleveraging and robust order visibility, despite near-term technical weakness. In Q2 FY27, the company reduced net debt sharply from ₹917 crore to ₹72 crore while growing net profit 20.4% year-on-year to ₹289 crore. This financial repair is underpinned by a massive order book of ₹71,846 crore as of September 30, 2026, providing long-term revenue visibility. Technically, the stock shows divergence between timeframes: while the daily trend is bearish with an ADX of 14.56, the weekly and monthly trends remain bullish, suggesting the current pullback may be short-term noise within a longer-term uptrend. The constructive thesis holds if the company sustains its debt-reduction trajectory and converts its substantial order backlog into margin-stable execution.

- Net debt fell dramatically from ₹917 crore to ₹72 crore in Q2 FY27, signaling improved balance sheet health and lower interest burden.
- Order book stands at ₹71,846 crore as of September 30, 2026, offering high visibility for future revenue generation.
- Weekly and monthly technical trends remain bullish, contrasting with the daily bearish signal, indicating potential medium-term strength.
- Net profit grew 20.4% YoY to ₹289 crore, though EBITDA margins narrowed slightly to 8.3%, requiring monitoring of cost discipline.

- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Kalpataru Projects Q2 results: Net profit rises 20.4% to ₹289 crore, revenue up 7.3%](https://www.cnbctv18.com/market/earnings/kalpataru-projects-q2-results-net-profit-rises-20-4pc-to-rs289-crore-revenue-up-7-3pc-20028323.htm)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWER_05112026181805_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183240_RESULTS.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183938_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183715_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026184946_SEIntimationIP05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "KPIL Announces Financial Results for Quarter & Half Year Ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026185140_SEIntimationPressRelease05112026.pdf)
- [KALPATARU PROJECTS INTERNATIONAL LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_500_WebXMLFile_20261105_214052494.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754309_05112026094244_WEB.xml)

### Bear Case

While Kalpataru Projects International (KPIL) reported improved profitability in Q2 FY27, several operational and market signals warrant caution. The consolidated EBITDA margin narrowed from 8.6% to 8.3%, indicating that cost pressures or pricing dynamics are outpacing revenue growth of 7.3%. On the technical front, daily momentum indicators show a bearish supertrend direction with the minus DI (24.21) exceeding the plus DI (23.9), suggesting short-term selling pressure. Furthermore, the stock is trading within a current drawdown of -6.3% against a maximum historical drawdown of -36.0%, highlighting significant volatility risk. Although the monthly trend remains bullish, the immediate daily setup reflects weakness, with resistance identified just 0.53% above the current price at ₹1,374.1.

- EBITDA margin contraction: Consolidated EBITDA margin fell to 8.3% in Q2 FY27 from 8.6% in the prior year quarter, despite revenue growth.
- Daily technical weakness: Daily supertrend is bearish with minus DI (24.21) higher than plus DI (23.9), signaling short-term downside momentum.
- Elevated volatility profile: The stock carries an annualized volatility of +33.7% and has experienced a maximum drawdown of -36.0% historically.
- Near-term resistance proximity: A pivot resistance level exists at ₹1,374.1, only 0.53% above the recent close of ₹1,366.8.

- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Kalpataru Projects Q2 results: Net profit rises 20.4% to ₹289 crore, revenue up 7.3%](https://www.cnbctv18.com/market/earnings/kalpataru-projects-q2-results-net-profit-rises-20-4pc-to-rs289-crore-revenue-up-7-3pc-20028323.htm)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWER_05112026181805_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183240_RESULTS.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183938_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183715_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026184946_SEIntimationIP05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "KPIL Announces Financial Results for Quarter & Half Year Ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026185140_SEIntimationPressRelease05112026.pdf)
- [KALPATARU PROJECTS INTERNATIONAL LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_500_WebXMLFile_20261105_214052494.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754309_05112026094244_WEB.xml)

### FAQs

**How did KPIL perform financially in Q2 FY27, and what is the current debt position?**

For Q2 FY27 ended September 30, 2026, KPIL reported a 20.4% year-on-year increase in net profit to ₹289 crore and a 7.3% rise in revenue to ₹7,004 crore. The company significantly reduced its net debt from ₹917 crore to ₹72 crore, achieving a near debt-free status. However, consolidated EBITDA margin narrowed slightly to 8.3% from 8.6% in the previous year's quarter.

**What leadership changes and promoter reclassifications were approved by the Board?**

On November 5, 2026, the Board approved elevating Mr. Amit Uplenchwar as Joint Managing Director & CEO (designate), effective January 1, 2027, for a five-year term subject to shareholder approval. Additionally, shares held by Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga are proposed to be reclassified from the 'Promoter Group' to the 'Public' category, pending necessary approvals.

**What is the status of KPIL’s order book and recent corporate actions?**

KPIL maintained a robust order book of ₹71,846 crore as of September 30, 2026, with strong order inflows of ₹23,934 crore recorded during the fiscal year. In a key corporate action, subsidiary Kalpataru Power Transmission Sweden AB sold shares in step-down subsidiary Linjemontage i Grästorp AB for net consideration of SEK 592 million (Rs. 568 crore) following its Nasdaq Stockholm listing in September 2026.

**How has the stock price performed recently, and what are the key technical levels?**

As of November 6, 2026, KPIL closed at ₹1,366.80, down 0.3% from the previous close. Year-to-date returns stand at +13.7%, while the 1-month return is -5.8%. Immediate resistance is noted at ₹1,374.10 (pivot) and ₹1,382.10 (high), with support at ₹1,363.30 (low). The daily trend is bearish, whereas the weekly and monthly trends remain bullish.

- [GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- [Kalpataru Projects Q2 results: Net profit rises 20.4% to ₹289 crore, revenue up 7.3%](https://www.cnbctv18.com/market/earnings/kalpataru-projects-q2-results-net-profit-rises-20-4pc-to-rs289-crore-revenue-up-7-3pc-20028323.htm)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWER_05112026181805_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183240_RESULTS.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183938_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183715_SEIntimationOutcomeothers05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026184946_SEIntimationIP05112026.pdf)
- [Kalpataru Projects International Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "KPIL Announces Financial Results for Quarter & Half Year Ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026185140_SEIntimationPressRelease05112026.pdf)
- [KALPATARU PROJECTS INTERNATIONAL LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_500_WebXMLFile_20261105_214052494.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754309_05112026094244_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹1,374.1
- Risk regime: Price Risk Currently Contained

### Support levels
- 1244.7895156860352
- 1210.1
- 1121.6984375

### Resistance levels
- 1427.9
- 1461.925
- 1490

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.33% |
| return_10 | +5.82% |
| return_1m | -5.84% |
| return_1y | +4.78% |
| return_20 | -2.48% |
| return_3m | +5.62% |
| return_5 | +2.18% |
| return_6m | +6.76% |
| return_since_start | +4.05% |
| return_ytd | +13.69% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -36.01% |
| annualized_volatility | +33.67% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Kalpataru Projects International Limited Q2 FY2026-27: Revenue rises 7.3%, PBT 23.7%

Kalpataru Projects International Limited (KPIL) reported Q2 FY2026-27 revenue from operations of ₹7,004 crore, up 7.3% year on year and 9.3% sequentially. Profit before tax increased 23.7% year on year to ₹398 crore but fell 5.4% from Q1 FY2026-27, while profit for the period declined 6.3% sequentially. At 30 September 2026, cash and equity were higher and borrowings lower than at 31 March 2026.

## Revenue and income

Revenue from operations was ₹7,004 crore, compared with ₹6,529 crore in Q2 FY2025-26 and ₹6,408 crore in Q1 FY2026-27. Total income reached ₹7,048 crore, up 7.6% year on year and 8.7% sequentially; this included ₹44 crore of other income. Inter-segment revenue was ₹22 crore, versus ₹20 crore in Q1 FY2026-27.

## Expenses and profit before tax

Total expenses rose 6.7% year on year and 9.7% sequentially to ₹6,651 crore. Q2 expenses included materials consumed of ₹2,330 crore, employee benefit expense of ₹686 crore and depreciation and amortisation of ₹137 crore; changes in inventories were a credit of ₹53 crore. Finance costs were ₹91 crore, up from ₹82 crore in Q1 FY2026-27 but below ₹137 crore in Q2 FY2025-26.

Profit before tax was ₹398 crore, down from ₹420 crore in Q1 FY2026-27 and up from ₹322 crore in Q2 FY2025-26. Sequentially, expenses grew faster than revenue, alongside the decline in PBT.

## Tax, profit and earnings per share

Tax expense was ₹106 crore, compared with ₹109 crore in Q1 FY2026-27. Current tax was ₹79 crore, down from ₹128 crore, while deferred tax was an expense of ₹26 crore, compared with a credit of ₹19 crore in the prior quarter.

Profit for the period was ₹292 crore, down 6.3% sequentially from ₹312 crore and up 23.0% from ₹237 crore a year earlier. Of Q2 profit, ₹289 crore was attributable to owners of the parent and ₹3 crore to non-controlling interests. Basic and diluted EPS were ₹16.92, compared with ₹18.16 in Q1 FY2026-27 and ₹14.06 in Q2 FY2025-26. Trailing 12-month EPS was ₹69.41.

## Comprehensive income

Comprehensive income was ₹297 crore, up from ₹251 crore in Q1 FY2026-27. Other comprehensive income was positive ₹5 crore in Q2, compared with negative ₹60 crore in the previous quarter.

## Balance sheet and liquidity

At 30 September 2026, total assets were ₹27,869 crore, compared with ₹27,713 crore at 31 March 2026. Equity increased to ₹8,639 crore from ₹7,733 crore, including ₹8,490 crore attributable to owners of the parent.

Current borrowings stood at ₹2,446 crore, down from ₹2,696 crore at 31 March 2026, while non-current borrowings declined to ₹244 crore from ₹611 crore. Cash and cash equivalents increased to ₹1,579 crore from ₹1,512 crore; current investments were ₹450 crore at 30 September 2026.

## Key Takeaway

KPIL delivered year-on-year growth in revenue and profit, but sequentially higher expenses outpaced revenue growth as PBT and EPS declined from Q1 FY2026-27. The higher cash and equity balances and lower borrowings at 30 September 2026 provide a stronger balance-sheet position than at the previous fiscal year-end.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +33.58%
- FII holding: +10.77%
- DII holding: +44.84%
- Mutual fund holding: +40.17%
- Retail holding: +8.30%
- Promoter pledged: +0.00%

### Major reported shareholders

- K C Holdings Pvt Ltd — +12.17% (Bodies Corporate)
- Mofatraj Pukhraj Munot — +9.57%
- Sbi Small Cap Fund — +9.11%
- Hdfc Small Cap Fund — +8.53%
- Kalpataru Constructions Private Limited — +8.00% (Bodies Corporate)
- Icici Prudential Equity & Debt Fund — +6.89%
- Kotak Small Cap Fund — +5.92%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +2.65%
- Mirae Asset Large Cap Fund — +2.28%
- Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund — +1.49%

## Official filings

- 2026-11-06 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_06112026162402_SEIntimationCallRecording06112026.pdf)
- 2026-11-06 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_500_WebXMLFile_20261106_163258805.xml)
- 2026-11-06 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_06112026163638_SEintimation06112026.pdf)
- 2026-11-05 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWER_05112026181805_SEIntimationOutcomeothers05112026.pdf)
- 2026-11-05 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183240_RESULTS.pdf)
- 2026-11-05 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183938_SEIntimationOutcomeothers05112026.pdf)
- 2026-11-05 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026183715_SEIntimationOutcomeothers05112026.pdf)
- 2026-11-05 — Earnings Presentation: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026184946_SEIntimationIP05112026.pdf)
- 2026-11-05 — Press Release: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_05112026185140_SEIntimationPressRelease05112026.pdf)
- 2026-11-05 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_500_WebXMLFile_20261105_214052494.xml)
- 2026-11-05 — Financial Results Filing: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754309_05112026094244_WEB.xml)
- 2026-11-05 — Financial Results Filing: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754310_05112026094249_WEB.xml)
- 2026-11-03 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_03112026172037_SEintimation03112026.pdf)
- 2026-10-29 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_29102026125736_SEintimation29102026.pdf)
- 2026-10-29 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_500_WebXMLFile_20261029_154102148.xml)
- 2026-10-29 — Board Meeting Notice: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_29102026202450_SEIntimationBoardMeeting05112026.pdf)
- 2026-10-29 — Board Meeting Notice: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_500_WebXMLFile_20261029_203109226.xml)
- 2026-10-29 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_500_WebXMLFile_20261029_203109226.xml)
- 2026-10-29 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_29102026203819_SEIntimationConCall05112026.pdf)
- 2026-10-29 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_500_WebXMLFile_20261029_204022903.xml)
- 2026-10-24 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_24102026134331_SEIntimationLMG24102026.pdf)
- 2026-10-21 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_21102026084653_SEIntimationPR21102026.pdf)
- 2026-10-21 — Generic Announcement: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_500_WebXMLFile_20261021_155154961.xml)
- 2026-10-16 — Credit Rating Update: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KALPATPOWR_16102026105124_KPILSEIntimationCreditRatingCRISIL16102026.pdf)
- 2026-10-16 — Shareholding Disclosure: Kalpataru Projects International Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740058_16102026044355_WEB.xml)

## News and market events

- 2026-11-06 — BUSINESSTODAY: **GIFT Nifty down 123 pts; Airtel, ONGC, Titan, Hindalco, Britannia among top stock in focus** — Multiple Indian listed companies including Oil & Natural Gas Corporation, Bharti Airtel, Titan Company, Glenmark Pharmaceuticals, Britannia Industries, Kalpataru Projects International, Godfrey Phillips India, KNR Constructions, Lemon Tree Hotels, and Ashoka Buildcon reported quarterly financial results or received significant corporate orders on November 06, 2026. Concurrently, GIFT Nifty futures indicated a weak market opening due to negative global cues. — [Source](https://www.businesstoday.in/markets/stocks/story/gift-nifty-down-123-pts-airtel-ongc-titan-hindalco-britannia-among-top-stock-in-focus-566080-2026-11-06)
- 2026-11-05 — CNBC-TV18: **Kalpataru Projects Q2 results: Net profit rises 20.4% to ₹289 crore, revenue up 7.3%** — Kalpataru Projects International reported a 20.4% year-on-year increase in Q2 FY27 net profit to ₹289 crore and a 7.3% rise in revenue to ₹7,004 crore, supported by strong order inflows of ₹23,934 crore in the fiscal year. The company significantly reduced its net debt from ₹917 crore to ₹72 crore while maintaining a robust order book of ₹71,846 crore as of September 30, 2026. Despite these financial improvements, the consolidated EBITDA margin narrowed slightly to 8.3% from 8.6% in the previous year's quarter. — [Source](https://www.cnbctv18.com/market/earnings/kalpataru-projects-q2-results-net-profit-rises-20-4pc-to-rs289-crore-revenue-up-7-3pc-20028323.htm)
- 2026-10-21 — Economic Times: **Kalpataru Projects International secures domestic work orders worth ₹2,349 crore** — Kalpataru Projects International Ltd (KPIL) announced securing domestic work orders worth ₹2,349 crore in EPC (engineering, procurement and construction) orders in transmission and distribution (T&D) and buildings and factories (B&F) segments. The company said it enjoys strong momentum, with inflows crossing ₹2000 crore. The company offers EPC solutions in various sectors and aims for sustainable growth in the future. — [Source](https://economictimes.indiatimes.com/industry/energy/power/kalpataru-projects-international-secures-domestic-work-orders-worth-2349-crore/articleshow/135083174.cms)
- 2026-10-21 — Economic Times: **Kalpataru Projects International secures domestic work orders worth ₹2,349 crore** — Kalpataru Projects International Ltd (KPIL) announced securing domestic work orders worth ₹2,349 crore in EPC (engineering, procurement and construction) orders in transmission and distribution (T&D) and buildings and factories (B&F) segments. The company said it enjoys strong momentum, with inflows crossing ₹2000 crore. The company offers EPC solutions in various sectors and aims for sustainable growth in the future. — [Source](https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kalpataru-projects-international-secures-domestic-work-orders-worth-2349-crore/articleshow/135083174.cms)
- 2026-10-21 — The Hindu: **Kalpataru Projects International bags orders worth ₹2,349 cr** — Kalpataru Projects International on Wednesday said it has secured new work orders worth Rs 2,349 crore. — [Source](https://www.thehindubusinessline.com/companies/kalpataru-projects-international-bags-orders-worth-2349-cr/article71606360.ece)
- 2026-10-21 — BUSINESSTODAY: **Kalpataru Projects shares rise 3% as subsidiary bags Rs 2,349-crore orders** — Kalpataru Projects International, KPIL, Kalpataru Projects International share price, KPIL order wins, Rs 2,349 crore orders, power transmission and distribution, buildings and factories, EPC company, infrastructure stocks, order inflows FY27 — [Source](https://www.businesstoday.in/markets/stocks/story/kalpataru-projects-shares-rise-3-as-subsidiary-bags-rs-2349-crore-orders-562674-2026-10-21)
- 2026-10-13 — Economic Times: **Kalpataru Projects secures orders worth Rs 2,225 crore in India, overseas markets** — Kalpataru Projects International Ltd has announced securing new orders valued at approximately 2,031 crore in its T&D business. This includes an order for around Rs 194 crore from its subsidiary in Sweden. The company reported achieving orders worth 20,000 crore in the current fiscal year, indicating substantial growth. Manish Mohnot, MD & CEO, expressed confidence in future growth amidst favorable industry conditions. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/kalpataru-projects-secures-orders-worth-rs-2225-crore-in-india-overseas-markets/articleshow/134909660.cms)
- 2026-10-13 — CNBC-TV18: **Kalpataru Projects International wins new orders worth ₹2,225 crore; Stock gives up early gains** — Kalpataru Projects International's power transmission and distribution business in India along with its international subsidiary, has won orders worth over ₹2,000 crore on Tuesday. — [Source](https://www.cnbctv18.com/market/kalpataru-projects-international-share-price-order-win-2225-crore-fy27-ytd-order-win-india-intl-market-power-tnd-20010518.htm)
- 2026-10-13 — BUSINESSTODAY: **Kalpataru Projects shares rise 2% on Rs 2,225 crore order win; key details** — Kalpataru Projects International Ltd, KPIL share price, Kalpataru Projects order wins, Rs 2,225 crore orders, power transmission and distribution, Manish Mohnot, Linjemontage i Grästorp AB, transmission infrastructure, renewable energy integration, FY27 order inflows, EPC companies, infrastructure stocks — [Source](https://www.businesstoday.in/markets/stocks/story/kalpataru-projects-shares-rise-2-as-company-announces-rs-2225-crore-order-wins-561014-2026-10-13)
- 2026-09-30 — Mint: **Tega Industries shares jump 6% | What’s driving the stock’s 30% monthly rally?** — Tega Industries shares rose over 6% on September 30 amid a market rebound. The stock hit an intraday high of ₹2,197.50, reflecting a 29.94% increase in one month. Analysts predict positive momentum and support at ₹2,060– ₹2,050, as the company focuses on debt reduction and growth. — [Source](https://www.livemint.com/market/stock-market-news/tega-industries-shares-jump-6-what-s-driving-the-stock-s-30-monthly-rally-11790744547404.html)
- 2026-09-30 — Economic Times: **Stocks in news: Tata Steel, KPI Green Energy, NLC India, Poonawalla Fincorp and Cummins India** — Indian equity benchmarks faced a decline as both the Nifty 50 and BSE Sensex hit six-month lows. The Nifty 50 saw a drop of 64.05 points, or 0.28%, closing at 22,716.20. Notably, Tata Steel announced a favorable tax order and made significant investments in its subsidiary. Other companies including Poonawalla Fincorp and Cummins India reported various corporate developments affecting their market positions. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-steel-kpi-green-energy-nlc-india-poonawalla-fincorp-and-cummins-india/articleshow/134571657.cms)
- 2026-09-28 — BUSINESS: **Nifty slips below 22,800 as rising oil prices, US yields trigger selling** — The key equity benchmarks ended sharply lower on Monday as escalating Iran-US tensions pushed crude oil prices higher and raised concerns over prolonged supply disruptions. Rising US Treasury yields, a weaker rupee, continued foreign investor selling and weak Asian market cues added to the pressure. Brent crude moved close to $107 a barrel, while the US 10-year Treasury yield climbed above 5.2%. Continued FPI selling also dented sentiment. The Nifty settled below the 22,800 level. The sell-off was broad-based, with all sectoral indices ending lower, led by declines in banking, realty and metal — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-slips-below-22-800-as-rising-oil-prices-us-yields-trigger-selling-126092800905_1.html)
- 2026-09-28 — BUSINESS: **Sensex, Nifty end sharply lower; PSU Bank shares bear brunt** — Investors remained focused on movements in crude oil prices, developments in the US-Iran conflict, global bond yields, the currency market and activity in the primary market. Market participants are also tracking a series of domestic and global economic data releases scheduled during the week, which could influence expectations surrounding monetary policy decisions by central banks. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-end-sharply-lower-psu-bank-shares-bear-brunt-126092800755_1.html)
- 2026-09-28 — Mint: **Kalpataru Projects rises 2.5% despite market sell-off | Here’s what’s in focus** — Kalpataru Projects International share price rose 2.5% on September 28 after the listing of its subsidiary, Linjemontage i Grastorp AB, on Nasdaq Stockholm. KPIL remains a majority stakeholder, holding approximately 65.9% in LMG, which successfully completed its IPO at SEK 46 per share. — [Source](https://www.livemint.com/market/stock-market-news/kalpataru-projects-rises-2-5-despite-market-sell-off-here-s-what-s-in-focus-11790587259547.html)
- 2026-09-28 — BUSINESS: **Indices continue to trade with significant losses; European shares trade in the green** — The benchmark indices continued to trade in a subdued manner in afternoon session on Monday, weighed down by weak global cues, rising crude oil prices and weakness in global technology stocks amid concerns over the reliability and safety of AI agents. The Nifty traded below the 23,000 level. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-continue-to-trade-with-significant-losses-european-shares-trade-in-the-green-126092800497_1.html)
- 2026-09-28 — BUSINESS: **Kalpataru Projects bags 'major' gas pipeline project in UAE** — Kalpataru Projects International has received a letter of award (LoA) for the engineering, procurement and construction (EPC) of a gas pipeline project in the United Arab Emirates (UAE). — [Source](https://www.business-standard.com/markets/capital-market-news/kalpataru-projects-bags-major-gas-pipeline-project-in-uae-126092800285_1.html)
- 2026-09-28 — BUSINESSTODAY: **Kalpataru Projects secures Rs 4,000 crore gas pipeline order in UAE; stock reacts** — Kalpataru Projects shares, Kalpataru Projects International Ltd, KPIL shares, KPIL stock, KPIL order, KPIL UAE order, KPIL gas pipeline order, Rs 4,000 crore order, UAE gas pipeline, oil and gas stocks, EPC stocks, Kalpataru Projects order book, oil and gas EPC — [Source](https://www.businesstoday.in/markets/stocks/story/kalpataru-projects-secures-rs-4000-crore-gas-pipeline-order-in-uae-stock-reacts-558138-2026-09-28)
- 2026-09-28 — The Hindu: **KPIL bags ₹4,000+ crore UAE gas pipeline EPC contract; stock slips 1.14%** — Despite the announcement, KPIL shares traded lower on the NSE, declining 1.14 per cent to ₹1,375.30 as of 09.55 am, against a previous close of ₹1,391.20 — [Source](https://www.thehindubusinessline.com/companies/kpil-bags-4000-crore-uae-gas-pipeline-epc-contract-stock-slips-114/article71518424.ece)
- 2026-09-28 — BUSINESS: **KPIL secures gas pipeline project in UAE** — Kalpataru Projects International has received a Letter of Award (LoA) for the Engineering, Procurement and Construction (EPC) of a gas pipeline project in the United Arab Emirates. According to the company's project classification, the 'Major' project is valued over Rs 4,000 crore. — [Source](https://www.business-standard.com/markets/capital-market-news/kpil-secures-gas-pipeline-project-in-uae-126092800142_1.html)
- 2026-09-26 — Mint: **Three midcap stocks with strong growth potential** — Kalpataru Projects, ITC Hotels and Waaree Energies are expanding capacity, entering new markets and building order books as they target the next phase of growth. — [Source](https://www.livemint.com/market/stock-market-news/three-midcap-stocks-with-strong-growth-potential-11790335464682.html)
- 2026-09-25 — MONEYCONTROL: **Kalpataru Projects' Swedish arm LMG lists on Nasdaq Stockholm after Rs 600-crore IPO** — Kalpataru Projects, Kalpataru Projects International, Nasdaq Stockholm, IPO, intial public offering — [Source](https://www.moneycontrol.com/news/business/stocks/kalpataru-projects-swedish-arm-lmg-lists-on-nasdaq-stockholm-after-rs-600-crore-ipo-14037980.html)
- 2026-09-24 — FREEPRESSJOURNAL.IN: **Kalpataru Projects Wins ₹2,025 Crore Orders, FY27 Tally Reaches ₹13,219 Crore** — KPIL secured about Rs 2,025 crore in new orders across three businesses, taking FY27 wins to Rs 13,219 crore. It is also L1 for potential orders exceeding Rs 12,000 crore. — [Source](https://www.freepressjournal.in/business/kalpataru-projects-wins-2025-crore-orders-fy27-tally-reaches-13219-crore)
- 2026-09-24 — Economic Times: **Kalpataru Projects International Limited projects bags new orders worth over Rs 2,000 crore** — Kalpataru Projects International Limited recently revealed its success in securing new contracts amounting to approximately Rs 2,025 crore. These projects are diversified across the realms of Power Transmission & Distribution, Buildings and Factories, and Oil & Gas. The Managing Director and CEO, Manish Mohnot, indicated that the total order value for this fiscal year stands at Rs 13,219 crore, with expectations that new orders could surpass Rs 12,000 crore. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/kalpataru-projects-international-limited-projects-bags-new-orders-worth-over-rs-2000-crore/articleshow/134465019.cms)
- 2026-09-24 — CNBC-TV18: **Kalpataru Projects secures new orders worth ₹2,025 crore; Stock moves to day's high** — Apart from increasing its year-to-date order inflow past ₹13,000 crore, Kalpataru Projects is also the lowest / L1 bidder in projects worth ₹12,000 crore. — [Source](https://www.cnbctv18.com/market/kalpataru-projects-share-price-order-win-2025-crore-pipeline-l1-ytd-order-book-fy27-19997293.htm)
- 2026-09-24 — BUSINESSTODAY: **Kalpataru Projects shares in focus as firm wins orders worth Rs 2,025 crore** — Kalpataru Projects International, KPIL, Kalpataru Projects shares, KPIL shares, Rs 2,025 crore orders, Kalpataru Projects order win, power transmission and distribution, T&D, Buildings and Factories, B&F, Oil and Gas, EPC stocks, infrastructure stocks, Manish Mohnot, shares news, shares news today — [Source](https://www.businesstoday.in/markets/stocks/story/kalpataru-projects-shares-in-focus-as-firm-wins-orders-worth-rs-2025-crore-556775-2026-09-24)

## Business profile

**Strategic vision:** Global EPC company delivering infrastructure solutions across sectors.

### Business segments
- **Power Transmission & Distribution (T&D):** KPIL is a key player in both domestic and international power T&D markets, providing comprehensive turnkey solutions with in-house capabilities for large-scale projects.
- **Buildings & Factories:** The company executes various building and housing projects, supporting India's Healthcare, Institutional, Residential, Townships, Commercial, Industrial, Hospitality, IT office spaces, Data centers, Manufacturing Plants, and Services sectors.
- **Water Supply & Irrigation:** KPIL offers EPC solutions for a broad spectrum of water-related projects globally, including drinking water supply and distribution systems, wastewater collection and treatment, and irrigation systems.
- **Railways:** As a prominent EPC contractor in railway infrastructure, KPIL delivers turnkey solutions for both conventional and metro rail lines, encompassing electrification, track laying, and signaling.
- **Infrastructure (Urban Mobility & Highways):** The company provides EPC, design, and build services for multi-disciplinary heavy civil and urban infrastructure projects, including highways, bridges, flyovers, and metro rail corridor stations.
- **Oil & Gas:** KPIL is a significant participant in the Indian Oil & Gas pipeline sector, covering cross-country pipelines, processing facilities, refineries, and fertilizer plants.
- **Manufacturing Plants:** The company operates as a major manufacturer of transmission towers and overhead railway electrification structures with in-house galvanizing and painting facilities.
- **Biomass Plants:** The company owns and operates two Biomass power plants in Rajasthan with a combined capacity of 15.8 MW.
- **Agri-Storage Infrastructure:** KPIL is involved in agri-storage infrastructure, providing value-added services such as testing, certification, collateral management, and warehouse management.

### Competitive strengths
- Extensive experience in diverse infrastructure sectors.
- In-house manufacturing and fabrication facilities.
- Global project execution capabilities.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/kpil
Markdown representation: https://faxioms.com/stocks/kpil?render=md