Kalpataru Limited

listedRefreshing

NSE · Source: NSE

DRHP2 Sept 2026completed
RHP18 Aug 2026completed
Price band18 Aug 2026completed
Opened24 Jun 2025completed
Closed26 Jun 2025completed
Allotteddate not on filereached, date not recorded
Listed1 Jul 2025completed

Price band

₹387–₹414

Issue size

—

Fresh issue

₹1,590 Cr

Offer for sale

—

What the company does

Business model: Integrated real estate development covering land or development-right acquisition, planning, design, execution, sales and marketing, using owned land as well as redevelopment, joint venture and joint development models (p.25, 203, 213)
Revenue drivers: Sale of residential units is the dominant operating driver; residential projects represented 97.39 percent of total Sales in Fiscal 2024. Sales collections and project completions affect cash generation and the timing of revenue recognition (p.42, 57, 58)
products: Luxury, premium and mid-income residential projects, commercial and retail projects, integrated townships, lifestyle gated communities and redevelopment projects (p.25, 216)
Customers & concentration: The business sells primarily to property purchasers; 97.39 percent of Fiscal 2024 total Sales was attributable to residential projects, creating end-market concentration rather than disclosed concentration in individual customers (p.42, 59)
geography: As of March 31, 2024, 94.93 percent of real estate development projects by Developable Area were in and around MMR and Pune; the portfolio also included Ongoing Projects in Hyderabad and Noida, a Forthcoming Project in Nagpur and Land Reserves in Surat, Pune, Nagpur, Udaipur and Shirol (p.37, 38, 212, 213)
Industry structure: Real estate development is described as intensely competitive and highly fragmented, with land availability, financing, approvals, construction costs, local demand and regulation materially affecting project economics

KPI	Value	Period	Pages
Sales value	32019.83 Rs million	Fiscal 2024	124
Sales value	29573.85 Rs million	Fiscal 2023	124
Sales value	21141.28 Rs million	Fiscal 2022	124
Sales area	2.83 msf	Fiscal 2024	124
Sales area	2.69 msf	Fiscal 2023	124
Sales area	2.2 msf	Fiscal 2022	124
Sales units	2095 number	Fiscal 2024	124
Sales units	1821 number	Fiscal 2023	124
Sales units	1507 number	Fiscal 2022	124
Sales collections	26859.24 Rs million	Fiscal 2024	124
Sales collections	22074.38 Rs million	Fiscal 2023	124
Sales collections	15592.22 Rs million	Fiscal 2022	124
Revenue from operations	19299.84 Rs million	Fiscal 2024	124
Revenue from operations	36331.82 Rs million	Fiscal 2023	124
Revenue from operations	10006.73 Rs million	Fiscal 2022	124
EBITDA	-780.12 Rs million	Fiscal 2024	124
EBITDA	-496.67 Rs million	Fiscal 2023	124
EBITDA	-359.77 Rs million	Fiscal 2022	124
EBITDA margin	-4.04 percent	Fiscal 2024	124
EBITDA margin	-1.37 percent	Fiscal 2023	124
EBITDA margin	-3.6 percent	Fiscal 2022	124
Adjusted EBITDA	4487.99 Rs million	Fiscal 2024	124
Adjusted EBITDA	19593.06 Rs million	Fiscal 2023	124
Adjusted EBITDA	1806.88 Rs million	Fiscal 2022	124
Adjusted EBITDA margin	23.25 percent	Fiscal 2024	124
Adjusted EBITDA margin	53.93 percent	Fiscal 2023	124
Adjusted EBITDA margin	18.06 percent	Fiscal 2022	124

Kalpataru Limited

What the company does

Kalpataru Limited

What the company does

Key performance indicators

Context

What the company does

Industry opportunity