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Kolte Patil Developers Ltd share Price Today

Company details

433.20
472.35
320.85
585.00
6M Return -9.48%
1Y Return 32.00%
Mkt Cap.(Cr) 3,365.46
Volume 627,536
Div Yield 0.90%
OI
-
OI Chg %
-
Volume 627,536

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Realty company Kolte-Patil Developers announced FY24 results:

  • Highest-ever annual sales value of Rs 2,822 crore; 26% YoY growth
  • Highest-ever annual sales volumes of 3.92 million sq. ft.; 20% YoY growth
  • FY24 Revenues stood at Rs 1,371.5 crore
  • Net Debt as on 31 March 2024 stands at Rs -25 crore
  • Recommended dividend of Rs 4/- per equity share

Commenting on the performance for Q4 & FY24, Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “I am happy to report robust operational performance for FY24, with record-high sales value, volumes, and collections. The residential real estate sector experienced remarkable growth this year due to factors such as rising disposable incomes, greater affordability, robust economic growth, policy reforms, and stable interest rates that encouraged home buying. Capitalizing on this rising demand for home ownership and high quality living, we launched new projects worth Rs 3,816 crore. These projects, aligned with the evolving needs of our customers, enabled us to achieve an impressive 63% pre-sales from these newly launched projects.

In FY24, our sales grew by 26% YoY to Rs 2,822 crore, and volumes increasing by 20% YoY to 3.9 million square feet. Strong execution led to rapid progress across projects, resulting in highest-ever collections of Rs 2,070 crore. We ended the year with revenues of Rs 1,372 crore. Balance-Sheet remains healthy and cash flows robust, enabling the Board to recommend a final dividend of Rs 4 per equity share.

As we look to the future, we remain confident in the long-term prospects of the real estate sector. In FY25, we are confident of delivering sales of Rs 3,500 crore. The solid foundation laid in FY24 positions us to achieve even greater milestones in FY25 and beyond, with a focus on innovation, execution excellence, and enhancing customer experience.”

Result PDF

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Kolte Patil Developers Ltd shares SWOT Analysis

Strengths (3)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (13)

  • Red Flag: High Interest Payments Compared to Earnings
  • Promoter holding decreased by more than -2% QoQ
  • Negative profit growth, promoters decreasing shareholding QoQ

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Promoter decreasing their shareholding
  • RSI indicating price weakness

Resistance and support

R1 465.7
R2 488.6
R3 504.9
Pivot

449.45

S1 426.6
S2 410.3
S3 387.4
EMA SMA
469.0
484.7
488.4
470.7
471.3
501.5
490.8
491.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
WHITEOAK CAPITAL MUTUAL FUND Bulk Purchase 2024-02-23 487.5 409834 BSE
NARESH ANIRUDHA PATIL Bulk Sell 2024-02-23 487.81 1520088 BSE
RAJESH ANIRUDHA PATIL Bulk Sell 2023-12-29 486 1140066 NSE
Name Category Shares
RAJESH ANIRUDHA PATIL PROMOTER 18.88%
NARESH ANIRUDHA PATIL PROMOTER 14.64%
HARSHAVARDHAN NARESH PATIL PROMOTER 9.6%
MILIND DIGAMBAR KOLTE PROMOTER 8.48%
YASHVARDHAN RAJESH PATIL PROMOTER 6.58%
SUNITA MILIND KOLTE PROMOTER 6.29%
SUNITA RAJESH PATIL PROMOTER 2.18%
VANDANA NARESH PATIL PROMOTER 1.49%
PRIYANJALI NARESH PATIL PROMOTER 1.32%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Kolte Patil Developers Ltd Stocks COMPARISON

Financials( in Cr) Kolte Patil Developers Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 442.80 878.60 2,998.50 1,926.85 1,907.80
% Change -6.77 0.52 -1.06 2.90 -1.40
Mcap Cr 3,365.46 217,480.91 83,370.59 77,240.09 69,367.99
Revenue TTM Cr 1,488.43 5,694.83 2,252.26 8,315.00 4,495.79
Net Profit TTM Cr 113.38 1,100.92 620.60 1,066.80 1,926.60
PE TTM 0.00 79.67 114.96 56.23 39.46
1 Year Return 32.00 74.46 103.36 235.60 93.86
ROCE 12.79 4.51 5.64 10.43 16.30
ROE 11.31 2.97 5.80 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,046.36 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05
Kolte Patil Developers appoints Group CEO

Jun 14, 2024 l BSE Announcement

Kolte - Patil Developers Limited - Resignation

Jun 14, 2024 l NSE Announcement

Kolte - Patil Developers Limited - Trading Window

Jun 13, 2024 l NSE Announcement

Date Action Type Ratio
Aug 11, 2023 Dividend 40
Aug 04, 2022 Dividend 20

Kolte Patil Developers Ltd Information

Stock PE (TTM)
0
Promoter Holding
69.45%
Book Value
96.5647
ROCE
12.79%
ROE
11.31%
Description
  • Kolte-Patil Developers Limited was incorporated on November 25, 1991 as a Private Limited Company led by the Promoters, Rajesh Patil and Milind Kolte. The Company subsequently converted into a Public Limited Company and the name of Company was changed to Regenesis Developers Limited on December 4, 2006 and subsequently the name was changed to Kolte-Patil Developers Limited on December 12, 2006. The Company is primarily engaged in business of construction of residential, commercial; IT Parks along with renting of immovable properties and providing project management services for managing and developing real estate projects. The company has developed and constructed properties mainly in Pune and Bangalore. After completing number of residential properties, KPDL ventured in to development of commercial properties in 1995 by creating one of the largest commercial complexes in Pune, namely, Patil Plaza (80,000 sq. ft.). Later KPDL developed City Mall (76,485 sq. ft.), City Point and City Tower (187,562 sq. ft.) as purely commercial properties housing offices of many Indian and Multinational companies. As of September 30, 2007, the company has developed and constructed 25 projects, including 22 in Pune and 3 in Bangalore, covering a total of approximately 4.01 million square feet of Saleable Area. Of these 25 projects, 16 residential complexes, 4 commercial complexes, 3 complexes designed for mixed residential & commercial use, and 2 information technology parks. As of September 30, 2007, the company has developing 28 projects, including 24 in Pune, and 4 in Bangalore. These projects are being developed with the aim of generating over 17.80 million square feet of Saleable Area on 21.61 million square feet of land area, and to include 5 IT parks, 11 commercial complexes, 10 residential complexes, 1 serviced apartment building and 1 integrated township. Also, as of September 30, 2007, the company has owned, held development rights for or had signed memoranda of understanding to acquire or develop 21.58 million square feet of Saleable Area on 32.88 million square feet of Land Area. During the year 2007-08, Company set-up branch office at Dubai exclusively for marketing activities and planning under Free Trade Zone (FTZ) to develop some residential projects in Dubai. It got into Joint Venture Agreement with UK based hotelier group to develop and operate five star and four star hotels in Pune and Bangalore respectively through SPV`s namely, Oakwoods Hospitality Private Limited and Jasmine Hospitality Private Limited. It got into Joint Development Agreement with Vibhu Developers Private Limited to set-up an IT-SEZ on total area of 70 acres, near Rajiv Gandhi Infotech Park, Hinjewadi, Pune. It got into Joint Venture Agreement with Kolte-Patil Real Estate Private Limited, K2A Residential Limited, Mr. Rajesh Patil and Regenesis Project Management Company Private Limited for the development of real estate projects including the residential project proposed to be constructed at Pune. Corolla Realty Pvt. Ltd; a joint venture between the Company; India Advantage Fund of ICICI Venture Funds Management Co. Ltd; and Mr. Ishwar Chand Goyal, launched its Lush County Project in July 2008. The Company launched its 390 acre township Life Republic near Hinjewadi, Pune in 2011. During the year 2013-14, the company completed the construction of 19 Lakhs sq. ft. saleable area in 1st phase and developed the substantial infrastructure for IVY estate project. It launched the Phase II of the project named as "Florence" comprising saleable area of approx. 540,000 sq. ft. The Company launched the phase 1 of the project "Raaga". "Mar Esmeralda" was launched in June 2014, which commenced the construction. The projects namely Life Republic, Ivy Estates, Tuscan Estates, Down Town, Florence and Three Jewels are developed under Special Purpose Vehicle and rest of the Projects are developed by the Company. The Company added three projects to its redevelopment portfolio during 2014-15, taking the total saleable area (KPDL share) to 0.6 million square feet. In 2015-16, four Wholly Owned Subsidiaries namely Olive Realty Private Limited, Yashowardhan Promoters and Developers Private Limited, Corolla Realty Limited and Jasmine Hospitality Private Limited (Transferor Companies) were merged with the Company through draft Scheme of Amalgamation. The appointed date of draft scheme of amalgamation was fixed at 1st January, 2016, which became effective on 2nd April, 2016. The Company increased its stake from 50% to 100% in Bellflower Properties Private Limited and accordingly, Bellflower Properties Private Limited became 100% Wholly Owned Subsidiary of the Company in 2017. During year 2019-20, the Company increased its stake from 45% to 95% in Kolte-Patil I-Ven Townships (Pune) Limited and in November, 2019 Bellflower Properties Private Limited, a wholly owned subsidiary of the Company was merged with Company through Scheme of amalgamation with the appointed date, April 1, 2017. During the year 2020-21, the Company increased its shareholding from 51% to 100% in Tuscan Real Estate Private Limited and acquired 100% stake in KPE Private Limited and resultantly, both companies became Wholly Owned Subsidiaries of the Company. Further, the Company has reduced its stake to 20% in Snowflower Properties Private Limited, hence Snowflower Properties Private Limited ceased as Subsidiary of the Company during the year 2021-22. During 2021-22, the Board of Directors in their meeting held on 22 December 2021 considered and approved merger of two wholly owned subsidiaries namely Tuscan Real Estate Private Limited and PNP Agrotech private Limited into the Company, demerger of the Retail business of its wholly owned subsidiary Kolte-Patil Properties Private Limited (Formerly known as KoltePatil Redevelopment private Limited) and TO merge the retail business into the Company.

Registered Address

2nd Floor City Point, Dhole Patel Road, Pune, Maharashtra, 411001

Tel : 91-20-66226500
Email : investorrelation:koltepatil.com
Website : http://www.koltepatil.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532924
NSE Code : KOLTEPATIL
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE094I01018

FAQ’s on Kolte Patil Developers Ltd Shares

You can buy Kolte Patil Developers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kolte Patil Developers Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:56 PM the closing price of Kolte Patil Developers Ltd was Rs.442.80.

The latest PE ratio of Kolte Patil Developers Ltd as of Jun 14, 2024 03:56 PM is 0.00

The latest PB ratio of Kolte Patil Developers Ltd as of Jun 14, 2024 03:56 PM is 0.22

The 52-week high of Kolte Patil Developers Ltd share price is Rs. 585.00 while the 52-week low is Rs. 320.85

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:56 PM, the market cap of Kolte Patil Developers Ltd stood at Rs. 3,365.46.

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