Buy Kalpataru Projects International, target price Rs 1200: Motilal Oswal

Motilal Oswal has buy call on Kalpataru Projects International with a target price of Rs 1200. The current market price of Kalpataru Projects International Ltd. is Rs 1077.65.

Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 17313.51 Crore) operating in Power sector.

Kalpataru Projects International Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Scrap, Others and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 4910.00 Crore, up 8.39 % from last quarter Total Income of Rs 4530.00 Crore and up 22.57 % from last year same quarter Total Income of Rs 4006.00 Crore. Company reported net profit after tax of Rs 144.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 40.59 per cent stake in the company as of 31-Dec-2023, while FIIs owned 7.69 per cent, DIIs 43.81 per cent.