Kalpataru Projects International Limited — PPTs, 16-05-2025: Investor Presentation

1. Financial Highlights:

Consolidated revenue grew 14% YoY to ₹22,316 Cr in FY25, with EBITDA at ₹1,834 Cr (8.2% margin) and PBT of ₹823 Cr (3.7% margin), driven by margin expansion. Standalone revenue rose 13% to ₹18,888 Cr, EBITDA was ₹1,587 Cr (8.4% margin), and PBT reached ₹929 Cr (4.9% margin). PAT advanced 10% consolidated and 22% standalone, supported by strong execution and favorable project mix. The order book hit a record ₹64,495 Cr (+10%) with inflows of ₹25,475 Cr. Net debt dropped to ₹1,953 Cr consolidated and ₹1,107 Cr standalone, lowering net debt/equity to 0.3x, aided by better working capital (lowest in recent years: 79 days consolidated).

2. Strategic Initiatives & Growth Drivers:

KPIL enhanced capabilities in HVDC, data centers, airports, tunneling, and oil & gas, investing heavily in in-house equipment and a 300+ member design engineering team. Transmission tower manufacturing and execution capacity expanded, notably for high-voltage and international markets like the Nordics and Middle East. Focus remains on urban infra (metro rail), oil & gas pipelines, and scaling data center/industrial plant EPC projects. Sustainability efforts include a 3 MWp solar plant and carbon neutrality targets.

3. Business Developments:

Key order wins include a large Saudi Aramco gas pipeline and record transmission & distribution orders in India and Latin America. Acquisition of Linjemontage has tripled the Nordic business, raising the regional order book over ₹3,500 Cr. Subsidiaries LMG (Sweden) and Fasttel (Brazil) contributed strongly to revenue, with LMG up 79% YoY.

4. Market Position & Competitive Advantage:

Operating across 75 countries with 40+ years of experience, KPIL’s diversified portfolio covers six high-growth segments: T&D, oil & gas, railways, urban infra, water, and buildings/factories. Backward integration through in-house manufacturing and design boosts execution efficiency and scalability. The robust global footprint and record order book consolidate KPIL’s leadership in complex EPC energy and infrastructure projects.

5. Investor Implications:

Top-line growth, margin improvement, and a sturdy order book point to positive growth potential fueled by international expansion and operational scale-up. Reduced net debt and tighter working capital reflect financial discipline. Investors should watch execution risks in high-value energy transition and infrastructure projects and competitive pressures in some verticals like water. KPIL’s diversified, sustainability-focused strategy supports medium-to-long-term value creation.