Kalpataru Projects International’s share price is likely to remain in focus

Kalpataru Projects International’s share price is likely to remain in focus on August 17 after the company secured new orders and received Notifications of Award worth approximately ₹3,526 crore. The order wins include an EPC project for an industrial plant in India, multiple orders in the Power Transmission & Distribution (T&D) segment, and residential building projects in the country. Separately, the company’s branch office in the Kingdom of Eswatini received a Notice of Assessment from the Eswatini Revenue Service, raising a demand for tax and penalty for the period from November 2024 to January 2026. The branch plans to file objections against the notice within the prescribed timelines. An analyst retained a ‘Buy’ rating on the stock with a target price of ₹1,600, while revising its FY27 estimates upward by 6%, respectively, citing better-than-expected margin performance. The brokerage expects Kalpataru Projects’ revenue, EBITDA and PAT to grow at CAGRs of 14%. Meanwhile, citing the recent rally and the core business valuation of around 16x Mar’28E PE. However, it marginally increased its target price to ₹1,472. In June, Kalpataru Projects had secured orders worth ₹2,957 crore across its Transmission & Distribution, Buildings and Water verticals. In the previous trading session, the stock closed at 1.06%.