Kolte-Patil Developers Limited (KOLTEPATIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+39.1%

₹620.17

vs ₹445.85 price

Levered DCF

₹570.30

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-65.61×	23.23×	-52.35×	18.21×	27.01×	-309.79×	12.59×	25.48×
P/B	2.1×	2.99×	4.94×	2.18×	2.24×	1.92×	1.01×	2.29×
P/S	3.45×	1.44×	2.65×	1.27×	1.92×	2.48×	0.81×	2.21×
EV / EBITDA	-52.51×	18.08×	86.99×	10.05×	12.38×	28.89×	6.52×	10.59×
Gross margin	12.7%	24.5%	21.5%	26.8%	30.9%	28.3%	35.1%	47.7%
Operating margin	-10.5%	9.6%	2.8%	12.1%	23.1%	7.7%	19.9%	27.4%
Net margin	-5.3%	6.2%	-5.1%	7.0%	7.1%	-0.8%	6.4%	8.7%
Current ratio	1.09×	1.03×	1.11×	1.29×	1.24×	1.26×	1.3×	1.36×
Debt / equity	0.98×	1.37×	1.52×	0.65×	0.56×	0.76×	0.83×	0.95×
Interest coverage	-2.89×	3.92×	0.39×	4.42×	5.17×	0.76×	2.82×	3.57×
Dividend yield	0.0%	1.2%	0.8%	0.8%	0.0%	0.0%	2.2%	1.1%
Payout ratio	0.0%	28.5%	-43.8%	14.6%	0.1%	-2.7%	27.3%	27.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-3.2%	12.8%	-9.4%	12.0%	8.3%	-0.6%	8.0%	9.0%
Return on invested capital	-3.2%	5.3%	1.8%	7.0%	10.2%	3.3%	7.1%	125.6%
Return on assets	-0.5%	2.0%	-1.4%	2.5%	2.0%	-0.1%	2.0%	2.1%
Free cash flow yield	3.1%	9.0%	-4.2%	9.2%	15.7%	18.5%	35.2%	3.3%
Earnings yield	-1.5%	4.3%	-1.9%	5.5%	3.7%	-0.3%	7.9%	3.9%
Enterprise value	₹32.1B	₹31.8B	₹44.5B	₹22.3B	₹25.4B	₹22.9B	₹15.8B	₹26.8B
Net debt / EBITDA	-11×	3.97×	15.99×	1.51×	1.92×	7.16×	2.76×	3×
Cash conversion cycle (days)	2,656	877	998	854	1,214	1,919	1,252	2,114