Synopsis: With a 3-year compounded return of 23 percent a stock has has now secured Rs 4,439 crore T&D orders, boosting its strong Rs 63,287 crore order book and strengthening its EPC presence across power transmission infrastructure globally
A small-cap stock in the business of engineering procurement and construction across power transmission and infrastructure has secured Rs 4,439 crore orders in the T&D segment, taking its total order book to Rs 63,287 crore and helping it surpass its Rs 26,000 crore annual order intake target, reflecting strong execution visibility ahead
With a market cap of more than Rs 17,500 Cr, Kalpataru Projects International Ltd saw its stock hit an intraday high of Rs 1,073 which is 5 percent higher than the previous close of Rs 1,018. The company stock has given a compounded return of 23 percent in the last three years.
News
Kalpataru Projects International Ltd (KPIL) and its subsidiaries secured new orders worth approximately Rs 4,439 crore, entirely in the Transmission and Distribution (T&D) segment. The projects include a 400kV transmission line with substations in Africa, multiple transmission line projects across India, and a substation project in Sweden.
The Order Book
As of December 31, 2025, Kalpataru Projects International Limited (KPIL) reported a strong consolidated order book of Rs 63,287 crore, with a well-diversified mix of 63 percent domestic and 37 percent international projects. The portfolio is led by Transmission & Distribution contributing 41 percent with orders worth Rs 25,752 crore, followed by Buildings & Factories at 29 percent with Rs 18,596 crore. The remaining segments include Water at 13 percent with Rs 7,988 crore, Oil & Gas at 8 percent with Rs 5,282 crore, Urban Infrastructure at 5 percent with Rs 2,956 crore, and Railways at 4 percent with Rs 2,713 crore.
For YTD FY26, KPIL has secured total order inflows of Rs 19,456 crore, comprising Rs 17,674 crore in the first nine months and an additional Rs 1,782 crore in Q4 FY26 so far. The inflows are largely driven by Buildings & Factories, which account for 56 percent with Rs 10,911 crore, followed by Transmission & Distribution at 40 percent with Rs 7,826 crore, while Urban Infrastructure contributes the remaining 4 percent with Rs 719 crore. Additionally, the company is L1 or favourably placed for projects worth around Rs 7,000 crore, indicating a strong near-term order pipeline.
What the MD says
The MD & CEO of Kalpataru Projects International Limited, stated that the company has secured significant order wins from marquee clients in the rapidly expanding Power Transmission & Distribution sector. He highlighted that T&D remains a key pillar of the global energy transition, enabling the company to leverage its strong market position and integrated EPC capabilities to deliver world-class solutions.
He further added that with these latest wins, the company has surpassed its annual order intake target of Rs 26,000 crore. The T&D and Buildings & Factories businesses contributed nearly 50 percent and 40 percent, respectively, to FY26 year-to-date inflows, reflecting strong growth momentum across its core segments.
Business & Financial Overview
Kalpataru Projects International Limited is one of the largest specialised EPC companies, operating across sectors such as Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (including Flyovers & Metro Rail), Highways, and Airports.
The company’s revenue rose by 16.27 percent from Rs. 5,732 crores in December 2024 to Rs. 6,665 crores in December 2025. Meanwhile, Net profit from Rs. 140 crores rose to Rs. 149 crores in the same period.
The company demonstrates solid financial health with an ROCE of 16.0 percent and an ROE of 9.96 percent, indicating efficient use of capital and equity to generate returns. Its debt-to-equity ratio of 0.69 reflects a moderate leverage position, balancing growth and financial risk. Additionally, maintaining a consistent dividend payout of 26 percent shows a commitment to rewarding shareholders while retaining earnings for reinvestment.
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The post ₹63,287 Cr Order Book: Stock Jumps 5% After Securing ₹4,440 Cr T&D Orders appeared first on Trade Brains.