Buy Kalpataru Projects International, target price Rs 1385: Motilal Oswal

Motilal Oswal has buy call on Kalpataru Projects International with a target price of Rs 1385. The current market price of Kalpataru Projects International Ltd. is Rs 1156.75.

Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19098.79 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-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 5991.00 Crore, up 22.02 % from last quarter Total Income of Rs 4910.00 Crore and up 22.37 % from last year same quarter Total Income of Rs 4896.00 Crore. Company reported net profit after tax of Rs 169.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 40.59 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.17 per cent, DIIs 43.64 per cent.