Kalpataru Power Transmission Ltd (KPTL) share currently trades at Rs 537 gaining around 3.5 percent. The stock witnessed an intra-day high figure of Rs 545 which is an upside of around 5 percent as compared to the previous closing price of Rs 518.80.
Yesterday, in a recent filing with the exchange, the company announced that it has, along with its international subsidiaries, secured new orders worth Rs 3,079 crores in the month of March and to date in April 2023. The details of the above-mentioned orders are listed below:
● Order for civil works for a data centre and buildings in India – Rs 1,234 Crores,
● EPC order in Railway business in India – Rs 754 Crores,
● Water supply projects in India – Rs 708 Crores,
● Residential and Institutional building project in Africa – Rs 233 Crores
● Orders in the Transmission & Distribution business in overseas markets – Rs 150 Crores
Kalpataru Power Transmission Ltd, headquartered in India, is a construction company with activities in the power transmission and infrastructure space. The operating units of the company broadly include segments such as Engineering, Procurement and Construction (EPC), and Developmental Project businesses.
The company is currently executing projects in over 30 countries and has a global footprint in 68 countries. The EPC operating unit generates most of the revenue for the company. It has domestic as well as international operations with domestic activities contributing to the majority of its sales.
Having a look at the financials of the company, the revenues and net profits have improved on a QoQ basis with revenues moving from Rs 3,800 crores in Q2 to Rs 4,000 crores in Q3 and net profit figures shifting from Rs 100 crores in Q2 to 110 crores in Q3.
Contradicting to the parameters reported above, the profitability aspects of the company have showcased a fall in the ratios with ROE moving from 19.56 percent during FY20-21 to 13.84 percent in FY21-22 and ROCE figures shifting from 22.37 percent in FY20-21 to 16.64 percent in FY21-22.
The debt to equity ratio of the company worsened with an increase in numbers, i.e., from 0.84 in FY20-21 to 0.87 in FY21-22.
As of the quarter ending December 2022, promoters hold a 51.53 percent stake in the company. FIIs, showing confidence in the company, have increased their stake from 5.08 percent in Q2 to 5.52 percent in Q3.
Written by Amit Madnani
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