Kolte-Patil Developers Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 1338.51 Crore) operating in Real Estate sector.
ThinkStock PhotosPromoters held 74.63 per cent stake in the company as of June 30, 2020, while FIIs held 14.44 per cent, DIIs 0.03 per cent and public and others 10.90 per cent.
HDFC Securities has given a buy rating to Kolte-Patil Developers with a target price of Rs 240. The share price moved up by 2.92 per cent from its previous close of Rs 171.35. The stock’s last traded price is Rs 176.35.
Kolte-Patil Developers Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 1338.51 Crore) operating in Real Estate sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 140.81 Crore, down 36.50 % from last quarter Sales of Rs 221.74 Crore and down 75.96 % from last year same quarter Sales of Rs 585.68 Crore. The Company reported net profit after tax of Rs -27.69 Crore in latest quarter.
Investment Rationale The brokerage maintains BUY on KPDL as it has a) comfortable liquidity position (Net D/E 0.37x, ready inventory of Rs 2.6bn,) b) strong affordable residential project mix (at average
Promoter/FII Holdings Promoters held 74.63 per cent stake in the company as of June 30, 2020, while FIIs held 14.44 per cent, DIIs 0.03 per cent and public and others 10.90 per cent.
ThinkStock Photos
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