Kolte-Patil Developers Ltd.
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ABOUT
AI Sector View
AI GENERATEDRealty
Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.
PROS
- Promoters have been increasing their shareholding - up 4.4pp over 2 years
- Latest quarter profit grew 875.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 10.53x)
CONS
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (1200.9% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 3.6%
- Company has a low return on equity of 1.8% over last 3 years
- Interest coverage is weak at 1.3x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 681.20 | 37.93 | 168618.23 | 1.17 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1214.40 | 29.41 | 121345.67 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1940.40 | 54.22 | 69403.81 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 15.41 | 59.77 |
| PRESTIGE | 1608.00 | 60.81 | 69261.42 | 0.12 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| OBEROIRLTY | 1875.00 | 25.93 | 68175.42 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| GODREJPROP | 1990.00 | 37.46 | 59944.07 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| BRIGADE | 696.00 | 32.68 | 22707.65 | 0.22 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ANANTRAJ | 624.80 | 38.86 | 22485.11 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| ABREL | 1372.05 | 115.87 | 15325.21 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1259.40 | 58.40 | 13469.77 | 0.48 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 796.95 | 10.74 | 11211.97 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| KOLTEPATIL | 443.15 | 31.54 | 3929.86 | 0.00 | 146.66 | 968.84 | 919.54 | 1016.49 | -0.06 | 20.58 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 249 | 102 | 20 | 208 | 64 | 277 | 299 | 658 | 51 | 117 | 249 | 236 | 882 | |
| 239 | 113 | 49 | 257 | 91 | 258 | 275 | 552 | 71 | 150 | 236 | 242 | 699 | |
| Operating Profit | 10 | -11 | -29 | -49 | -26 | 20 | 25 | 105 | -19 | -33 | 13 | -5 | 183 |
| OPM % | 4.12% | -11.27% | -144.23% | -23.51% | -40.34% | 7.10% | 8.28% | 16.04% | -37.96% | -28.08% | 5.12% | -2.26% | 20.72% |
| 7 | 35 | 7 | 6 | 7 | 9 | 21 | 7 | 10 | 30 | 31 | 23 | 29 | |
| Interest | 7 | 7 | 31 | 22 | 22 | 10 | 6 | 6 | 14 | 3 | 11 | 7 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 3 | 4 | 4 | 3 | 4 |
| Profit before Tax | 7 | 15 | -56 | -68 | -45 | 16 | 37 | 103 | -27 | -10 | 30 | 8 | 212 |
| Tax % | 24.56% | -20.07% | 8.28% | 37.07% | 11.07% | 41.35% | 21.22% | 31.10% | 24.80% | 21.97% | 31.61% | 111.34% | 25.08% |
| Net Profit | 6 | 18 | -52 | -43 | -40 | 10 | 29 | 71 | -20 | -7 | 20 | -1 | 159 |
| 0.73 | 2.31 | -6.78 | -5.63 | -5.25 | 1.26 | 3.84 | 9.29 | -2.66 | -0.84 | 2.29 | -0.10 | 17.93 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 533 | 671 | 461 | 712 | 502 | 378 | 903 | 579 | 1,539 | 658 | 1,484 | |
| 404 | 502 | 366 | 566 | 473 | 394 | 833 | 658 | 1,360 | 711 | 1,327 | |
| Operating Profit | 129 | 170 | 96 | 146 | 29 | -16 | 70 | -79 | 179 | -53 | 157 |
| OPM % | 24.21% | 25.26% | 20.78% | 20.52% | 5.71% | -4.28% | 7.76% | -13.70% | 11.61% | -8.04% | 10.61% |
| 43 | 40 | 54 | 34 | 26 | 23 | 29 | 55 | 47 | 104 | 114 | |
| Interest | 43 | 48 | 38 | 54 | 56 | 54 | 37 | 67 | 41 | 27 | 22 |
| Depreciation | 6 | 6 | 6 | 11 | 9 | 8 | 9 | 12 | 13 | 15 | 15 |
| Profit before Tax | 123 | 156 | 106 | 115 | -11 | -55 | 53 | -102 | 171 | 9 | 240 |
| Tax % | 31.38% | 32.54% | 26.58% | 44.00% | 30.72% | -3.64% | 23.70% | 30.30% | 33.00% | 122.85% | 28.86% |
| Net Profit | 85 | 105 | 78 | 64 | -8 | -57 | 40 | -71 | 115 | -2 | 171 |
| EPS | 11.18 | 13.84 | 10.22 | 8.43 | -1.01 | -7.48 | 5.31 | -9.38 | 15.09 | -0.22 | — |
| Dividend Payout % | 14.31% | 14.45% | 23.41% | 0.00% | 0.00% | -26.72% | 75.30% | -42.66% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 6%
- 3 Years:
- -10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- 9%
- 3 Years:
- -1%
- 1 Year:
- -3%
RETURN ON EQUITY
- 10 Years:
- 4%
- 5 Years:
- 1%
- 3 Years:
- 2%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 76 | 76 | 76 | 76 | 76 | 76 | 76 | 76 | 76 | 89 |
| 721 | 815 | 727 | 784 | 784 | 729 | 754 | 691 | 736 | 1,137 | |
| 358 | 298 | 469 | 416 | 460 | 518 | 479 | 834 | 616 | 696 | |
| Trade Payables | 118 | 136 | 155 | 164 | 132 | 131 | 190 | 339 | 501 | 567 |
| 429 | 304 | 958 | 881 | 715 | 1,191 | 1,255 | 1,401 | 3,027 | 4,630 | |
| Total Liabilities | 1,703 | 1,629 | 2,384 | 2,321 | 2,167 | 2,644 | 2,753 | 3,341 | 4,956 | 7,119 |
| 26 | 22 | 17 | 32 | 23 | 30 | 38 | 75 | 147 | 166 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 4 |
| 277 | 251 | 320 | 416 | 416 | 421 | 408 | 497 | 133 | 552 | |
| 832 | 877 | 1,534 | 1,451 | 1,340 | 1,447 | 1,476 | 2,057 | 3,285 | 4,623 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 26 | 35 | |
| Cash & Bank | 33 | 38 | 15 | 27 | 51 | 158 | 150 | 187 | 352 | 474 |
| 535 | 441 | 499 | 394 | 336 | 588 | 676 | 507 | 1,013 | 1,265 | |
| Total Assets | 1,703 | 1,629 | 2,384 | 2,321 | 2,167 | 2,644 | 2,753 | 3,341 | 4,956 | 7,119 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 134 | 35 | 87 | 178 | 89 | 91 | 167 | -308 | 398 | 345 | |
| Cash from Investing | -15 | 144 | -185 | 5 | -40 | -45 | -150 | -14 | -371 | -583 |
| Cash from Financing | -95 | -125 | 123 | -127 | -12 | 21 | -28 | 416 | -159 | 285 |
| 4 | 5 | -24 | 14 | 25 | 58 | -21 | 94 | -133 | 47 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 11.18 | 13.84 | 10.25 | 8.47 | -1.01 | -7.48 | 5.31 | -9.38 | 15.09 | -0.22 |
| Book Value (₹) | 105.22 | 117.51 | 105.87 | 113.36 | 113.20 | 105.90 | 109.19 | 100.95 | 106.78 | 138.27 |
| Dividend per Share (₹) | 1.60 | 2.00 | 2.40 | 0.00 | 0.00 | 2.00 | 4.00 | 4.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 12.00 | 14.69 | 11.06 | 9.97 | 0.22 | -6.48 | 6.52 | -7.86 | 16.83 | 1.47 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 32.34% | 31.26% | 32.27% | 25.21% | 10.84% | 2.79% | 10.99% | -13.70% | 11.60% | -8.04% |
| Net Margin % | 15.88% | 15.63% | 16.69% | 8.98% | -1.52% | -15.06% | 4.47% | -12.30% | 7.45% | -0.30% |
| ROE % | 11.14% | 12.43% | 9.18% | 7.73% | -0.89% | -6.83% | 4.94% | -8.92% | 14.52% | -0.19% |
| ROCE % | 14.76% | 17.49% | 11.82% | 13.40% | 3.54% | -0.03% | 6.91% | -2.29% | 11.33% | 1.66% |
| 5.12% | 6.30% | 3.87% | 2.73% | -0.34% | -2.36% | 1.50% | -2.34% | 2.76% | -0.03% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 60 | 62 | 86 | 37 | 21 | 12 | 4 | 9 | 5 | 17 |
| Inventory Days | 582 | 465 | 945 | 762 | 1009 | 1347 | 591 | 1113 | 633 | 2192 |
| Payable Days | 108 | 111 | 214 | 128 | 142 | 176 | 85 | 206 | 135 | 426 |
| 534 | 415 | 816 | 671 | 888 | 1182 | 509 | 916 | 503 | 1783 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.44x | 0.32x | 0.57x | 0.46x | 0.51x | 0.63x | 0.56x | 1.38x | 1.37x | 0.93x |
| Interest Coverage (x) | 3.88x | 4.25x | 3.77x | 3.11x | 0.80x | -0.01x | 2.43x | -0.54x | 5.16x | 1.32x |
| 1.36x | 2.33x | 1.21x | 1.20x | 1.23x | 1.14x | 1.15x | 1.03x | 0.97x | 1.01x | |
| GROWTH | ||||||||||
| Revenue Growth % | 147.16% | 25.83% | -31.25% | 54.38% | -29.52% | -24.78% | 139.07% | -35.85% | 165.75% | -57.23% |
| Operating Profit Growth % | 68.34% | 21.61% | -28.37% | 19.99% | -69.63% | -80.73% | 840.19% | -124.39% | 1032.29% | -77.56% |
| Net Profit Growth % | 89.21% | 23.85% | -25.92% | -17.40% | -111.98% | -639.66% | 170.97% | -276.52% | 260.89% | -101.72% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -276.52% | 260.89% | -101.47% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 21.46x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.58x | 3.03x | 2.14x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.87% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -181.21x | 14.26x | 65.12x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-24 - Kolte - Patil Developers Limited has informed the Exchange regarding 'Grant of Stock Options '.
2026-08-19 - Kolte - Patil Developers Limited has informed the Exchange regarding a press release dated August 19, 2026, titled "Press Release - Kolte-Patil Appoints Mr. Hrishikesh Parandekar as Chief Executive Officer to Drive its Next Phase of Growth".
2026-08-19 - Kolte - Patil Developers Limited has informed the Exchange regarding Appointment of Mr Hrishikesh Parandekar as Chief Executive Officer of the company w.e.f. August 24, 2026.
2026-08-12 - Report of the Monitoring Agency with respect to utilization of proceeds of the preferential issue for the quarter ended 30 June 2026.
2026-08-11 - KOLTEPATIL: Kolte - Patil Developers Limited has informed the Exchange about Newspaper Advertisement regarding Unaudited Financial Results (Standalone & Consolidated) for the quarter ended on 30 June 2026
2026-08-10 - Kolte - Patil Developers Limited has informed the Exchange regarding 'Update on the Post-Result Conference Call'.
2026-08-10 - Kolte - Patil Developers Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Q1 FY27 Financial Results".
2026-08-10 - Kolte - Patil Developers Limited has informed the Exchange about Investor Presentation
2026-08-10 - Kolte - Patil Developers Limited has informed the Exchange about grant of stock options
News
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