Target Price: Rs 1,350 | Upside: 18%
Axis Securities is bullish on Kalpataru Projects, citing a robust Rs 64,495 crore order book and strong momentum across T&D, B&F, and Oil & Gas segments. With margin-accretive orders, lower debt, and improving international performance, the company is expected to deliver a 22% EBITDA and 41% PAT CAGR over FY25–27E. Management guides for continued order inflow and EBITDA margin expansion to 8.5–9%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)