Kalpataru Power Transmission Limited (KPITL) is a leading Indian engineering, procurement, and construction (EPC) company with a strong presence in power transmission, oil & gas pipelines, railways, and renewable energy infrastructure. With a robust order book exceeding ₹15,000 crore in FY26 and a strategic focus on India’s infrastructure push under the Gati Shakti initiative, KPITL is well-positioned to benefit from sustained government capex. This article provides a clear, fact-based analysis of its financials and estimates a realistic share price target for 2026 through 2030.
Core Business: EPC services in power transmission, oil & gas pipelines, railways, and renewable energy projects
Geographic Reach: India, Africa, the Middle East, and Southeast Asia
Key Clients: Government utilities (Power Grid, IOCL, NHAI), private developers, and international agencies
Listed On: BSE (532937) and NSE (KPIL)
Kalpataru Power Transmission: Key Financial Snapshot
Metric
Value
Market Capitalization
₹19,001.86 Cr
Enterprise Value
₹20,805.69 Cr
Current Share Price
₹1,112 (approx.)
P/E (TTM)
22.26
P/B (TTM)
2.45
Book Value (TTM)
₹453.99
EPS (TTM)
₹49.98
ROE
10.02%
ROCE
14.76%
Dividend Yield
0.81%
Sales Growth (YoY)
12.70%
Profit Growth (YoY)
21.57%
Cash Reserves
₹1,588.49 Cr
Debt
₹3,392.32 Cr
Face Value
₹2
No. of Shares
17.08 Cr
Shareholding Pattern
Category
Holding (%)
Domestic Institutions (DII)
43.90%
Promoters
33.57%
Foreign Institutions (FII)
11.73%
Public (Retail)
10.80%
Others
0%
Promoter pledging stands at 24.56% as of December 2025—a moderate level that warrants monitoring but is not alarming given sector norms.
Kalpataru Power Transmission Share Price Target Forecast (2026–2030)
Based on order book visibility, infrastructure tailwinds, earnings momentum, and historical valuation, we estimate the following realistic price ranges:
Year
Target Price Range (₹)
2026
₹1,150 – ₹1,350
2027
₹1,250 – ₹1,500
2028
₹1,350 – ₹1,650
2029
₹1,450 – ₹1,800
2030
₹1,550 – ₹2,000
Year-wise Breakdown
Kalpataru Power Transmission Share Price Target 2026
Year
Share Price Target 1
Share Price Target 2
2026
₹1,150
₹1,350
Strong profit growth (21.57%) and order inflows (~₹15,000 Cr in FY26) support near-term confidence.
At a P/E of 22x, the valuation is reasonable for an infrastructure EPC player.
High DII ownership (43.9%) indicates institutional trust in execution capability.
Kalpataru Power Transmission Share Price Target 2027
Year
Share Price Target 1
Share Price Target 2
2027
₹1,250
₹1,500
Execution of large-scale transmission and railway projects should drive revenue visibility.
If working capital improves, ROCE may rise above 15%, supporting re-rating.
The government’s focus on green energy evacuation benefits the power transmission segment.
Kalpataru Power Transmission Share Price Target 2028
Year
Share Price Target 1
Share Price Target 2
2028
₹1,350
₹1,650
Diversification into railway electrification and hydrogen pipeline projects adds new revenue streams.
Export orders (Africa, Middle East) could improve margins and reduce domestic cyclicality.
Debt reduction will be key to improving return ratios.
Kalpataru Power Transmission Share Price Target 2029
Year
Share Price Target 1
Share Price Target 2
2029
₹1,450
₹1,800
By 2029, KPITL could cross ₹25,000+ Cr in annual revenue with stable margins.
Recurring O&M contracts may add annuity-like income to the project-based model.
Continued Gati Shakti and National Infrastructure Pipeline support ensures order flow.
Kalpataru Power Transmission Share Price Target 2030
Year
Share Price Target 1
Share Price Target 2
2030
₹1,550
₹2,000
As a top-tier EPC player, KPITL benefits from India’s long-term infrastructure build-out.
However, low ROE (~10%) and project execution risk cap explosive upside.
Realistic 2030 target assumes EPS of ₹68–75 and P/E of 22–25x.
Strengths vs Risks
✅ Strengths
Strong order book with multi-year visibility
Diversified across power, oil & gas, and railways
High institutional ownership (DII + FII = 55.6%)
Consistent dividend payer with 25%+ payout ratio
⚠️ Risks
High debt (₹3,392 Cr) increases interest burden
Promoter pledging at 24.56%—requires close monitoring
Project delays or cost overruns can hurt margins
Cyclical exposure to government capex cycles
Investment Suitability
Factor
Assessment
Risk Profile
Moderate
Time Horizon
Long-term (5+ years)
Volatility
Moderate
Dividend/Income
Yes (0.81% yield + stable payouts)
Ideal Investor
Believes in India’s infrastructure story; comfortable with EPC cyclicality
FAQs
A realistic range is ₹1,150 to ₹1,350, based on current earnings and order book strength.
We estimate ₹1,550 to ₹2,000 by 2030, assuming steady execution and infrastructure demand.
Reliable forecasts beyond 2030 are not possible. Such long-term projections are highly speculative and not supported by verifiable data.
Promoters hold 33.57%, with significant stakes held by DIIs (43.9%) and FIIs (11.73%). The founding family remains involved in management.
Yes – it has a consistent dividend history with a current yield of 0.81% and ~25% payout ratio.
The stock corrected due to concerns over promoter pledging (24.56%), high debt, and profit-taking after a strong rally in prior quarters.
It offers solid exposure to India’s infrastructure expansion, but comes with execution risk and debt concerns. Suitable for investors with a 5+ year horizon who understand EPC dynamics.
Final Verdict
Kalpataru Power Transmission is a quality EPC player with strong order visibility and institutional backing. While debt and pledging are concerns, its diversified portfolio and alignment with national infrastructure priorities make it a compelling long-term holding. Our 2026–2030 price targets (₹1,150–₹2,000) reflect steady, execution-driven growth—not speculative upside. Investors should track quarterly order wins and debt trends closely.
📌 Disclaimer: These targets are for educational purposes only and are not investment advice. Always consult a SEBI-registered advisor before investing.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
