Develops and sells mid-premium to luxury residential real estate, primarily in Pune and the Mumbai Metropolitan Region, under the Kolte-Patil brand. The flagship is the Life Republic township in Pune, which alone sold 0.53 mn sqft in Q1 FY26. Across the portfolio, FY26 pre-sales totalled Rs 2,605 cr and collections Rs 2,689 cr, while Q1 FY26 saw 0.84 mn sqft of sales volume at Rs 616 cr in value. Average realisation rose from Rs 7,337 per sqft in Q1 FY26 to Rs 9,442 per sqft in Q1 FY27, with Mumbai contributing around 30% of Q1 FY27 sales value. The overall project portfolio spans roughly 37 mn sqft with about Rs 29,300 cr of revenue potential, and management has earmarked a 6-7 mn sqft launch pipeline for FY26. During FY26, Blackstone Funds acquired a 14.3% equity stake via a Rs 417 cr preferential allotment, providing growth capital. The business is asset-heavy: materials/land/construction costs ran at 305.2% of FY26 revenue due to the timing mismatch between project cost incurrence and revenue recognition under percentage-of-completion accounting, while employees cost 13.8% and other operating expenses 23.2% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Pune residential development, Mumbai Metropolitan Region (MMR) residential. Cyclical, asset-heavy residential real estate developer focused on mid-premium to luxury housing in Pune and MMR.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,117 | 1,488 | 1,371 | 1,717 | 735 |
| EBITDA (ex other income) | 179 | 189 | 51 | 176 | (61) |
| margin % | 16.0 | 12.7 | 3.7 | 10.2 | (8.3) |
| Owners' profit | 80 | 102 | (67) | 107 | (39) |
| EPS, as reported (₹) | 0.00 | 13.48 | (9.12) | 14.02 | (4.51) |
| ROE % · ROCE % | 8.8 · 14.4 | 10.6 · 13.8 | (9.2) · 3.4 | 13.1 · 23.7 | (3.2) · (0.8) |
| Debt / equity (x) | 0.54 | 0.51 | 1.47 | 1.32 | 0.95 |
| Cash from operations | 350 | 193 | (111) | 282 | 217 |
| Capex | (12) | (18) | (43) | (57) | (38) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 308 | 350 | 719 | 82 | 139 | 265 | 249 | 920 |
| Profit before tax | 16 | 36 | 100 | (22) | (22) | 10 | (2) | 200 |
| Net profit | 10 | 26 | 66 | (17) | (11) | 4 | (14) | 147 |
| EPS (₹) | 1.28 | 3.33 | 8.59 | (2.21) | (1.18) | 0.51 | (1.78) | 16.49 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 | 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · KPDL reports record Rs 600+ crore sales in 60 hours at Pune project | compliance | low | — | — |
| 24 Aug 2026 · Kolte-Patil Developers grants 101,748 stock options under ESOP scheme | capital market events | medium | — | — |
| 19 Aug 2026 · Kolte-Patil appoints Hrishikesh Parandekar as CEO from 24 August 2026 | management changes | high | — | — |
| 19 Aug 2026 · Kolte-Patil Developers appoints Hrishikesh Parandekar as new CEO | management changes | high | — | — |
| 12 Aug 2026 · Monitoring agency report on Rs 417 crore preferential issue utilization for Q1FY27 | fund raising | medium | — | — |
| 11 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 10 Aug 2026 · Skips Q1FY27 post-results call citing leadership transition | investor communications | low | — | — |
| 10 Aug 2026 · KPDL Q1 FY27: Revenue jumps 9x, EBITDA margin turns 22%, net cash Rs.417 Cr | investor communications | medium | — | — |
| 10 Aug 2026 · Q1 FY27: Record income Rs 937 cr, six Mumbai projects worth about Rs 6000 cr GDV | compliance | low | — | — |
| 10 Aug 2026 · Grant of 139,826 stock options to employees under ESOP scheme 2021 | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| OBEROI REALTY LIMITED | 63,306 | 20.8 | 3.53 | 18.2 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.1 | 21.8 | 39 of 57 | 32% |
| P/B | 3.2 | 2.1 | 47 of 64 | 27% |
| ROCE | (2.9) | 6.8 | 64 of 67 | 5% |
| ROE | (3.2) | 8.2 | 63 of 67 | 6% |
| Debt / Equity | 0.9 | 0.4 | 59 of 67 | 12% |
| EBITDA margin | 22.5 | 29.6 | 37 of 66 | 45% |
| Revenue growth | 1016.5 | 12.8 | 3 of 67 | 97% |
| Profit growth | 968.8 | 7.5 | 3 of 66 | 97% |
| Market cap | 3869 | 2250 | 23 of 67 | 67% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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