Buy Kalpataru Projects International, target price Rs 820: Motilal Oswal

Motilal Oswal has buy call on Kalpataru Projects International with a target price of Rs 820. The current market price of Kalpataru Projects International is Rs 686.8.

Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 11175.48 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 30-09-2023, the company reported a Consolidated Total Income of Rs 4530.00 Crore, up 6.36 % from last quarter Total Income of Rs 4259.00 Crore and up 18.96 % from last year same quarter Total Income of Rs 3808.00 Crore. Company reported net profit after tax of Rs 90.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 41.07 per cent stake in the company as of 30-Sep-2023, while FIIs owned 8.5 per cent, DIIs 42.7 per cent.