Kolte Patil looking to build momentum Kolte-Patil Developers Ltd. CMP – 517.70
Market Capitalization Rs 3,934.7Cr
Red Flags:🟥
High Valuation (P.E. = 35.6)
Green Flags:🟩
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual
New Happy Candles Number – 81/100
Fresh Entry/ averaging / compounding after closing above 520
Targets: 542
Long term target: 562
Stop loss: Closing below 420
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KOLTEPATIL
India - Stock Ride the Revival of Reality - Kolte Patil - Trade NSE:KOLTEPATIL
INDIA Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru.
Koltie patil
Company markets its projects under two brands:
'Kolte-Patil’ (addressing the mid-income segment)
‘24K’ (addressing the premium luxury segment).
Market Presence
Co. has delivered more than 20 Million Sq. Ft. of area across Pune, Bengaluru and Mumbai.
New Launches
Launches planned across
all 3 cities of presence –Pune, Mumbai &
Bengaluru with saleable area of ~7.2 msf
Aggregate topline potential of over ~Rs. 5,700 crore
Project Portfolio Q-1 FY 2021-22
29.38 million sq. ft. (MSF) project portfolio -
Under execution - 3.22 MSF
Approval - 10.36 MSF
Land bank - 15.80 MSF
Tie Ups under Capital Light and DM Model and expected Revenue and Profits
FY 21
Signed three new projects with a
combined saleable area of ~2.2 msf in
Pune (Baner, Moshi, Wagholi) under
capital light models. Expected Total
Topline of ~Rs. 1,500 crore and KPDL
PBT of ~Rs. 220 crore
Three redevelopment
projects with a combined saleable
area of ~0.52 msf in Mumbai (Evara,
Verve, Vaayu). Expected Topline of
over Rs. 1,000 crore
FY 22
Signed two new projects with a combined
saleable area of ~1.3 msf in Pune (Hinjewadi,
Tathawade) under DM model. Expected DM
fees of ~Rs. 80 crore
Three redevelopment projects with a combined saleable area of ~0.3 msf in Mumbai (Sukh Niwas, Golden Pebbles,
Jeevan Sudha). Expected Topline of ~ Rs. 700
crore
Bought Back Stake from ICICI
KPDL entered into a share purchase agreement to buy-out the 50% stake held by 2 funds managed by ICICI Venture Funds Management Company Limited in the flagship Life Republic township project. The buy-out consideration was of Rs. 210 Crore and it is paid fully.
Project Funding and Partners
1) Kohlberg-Kravis Roberts (KKR) committed INR 193 Crore in the R1 sector of Life Republic, Pune.
2) Company entered into a Rs 120 Crore agreement with an affiliate of J.P. Morgan Asset Management for its redevelopment project Jay-Vijay Society in Vile Parle (E), Mumbai.
Residential Development Platform
The Co. announced creation of a residential development platform with Planet Smart City, to develop 15,000 housing units. It will focus primarily on development of aspirational housing projects in Pune, Mumbai and Bengaluru.
CEO appointment
Mr. Gopal Sarda resigned from the post of Group CEO of the Company on 10 June 2021 and Mr. Yashvardhan Patil’s was appointed as Group CEO of Kolte-Patil Developers Limited (KPDL) w.e.f June 12, 2021.
Awards
Company received The Economic Times - Brand of the Year Award in 2019
Brand Excellence in Real Estate Sector
#KNRCON 270 Tgt 320 Buy - Rachit SethiaKNRCON
CMP 270
TGT 320
SL 252
Return ~ 20%
TF 6months
RR >2.8
NSE:KNRCON
#KNRCON
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
India Stock- Ride the Revival of Reality - Kolte Patil Trade PlaIndia Stock- Ride the Revival of Reality - Kolte Patil Trade Plan
NSE:KOLTEPATIL
INDIA Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru.
Koltie patil
Company markets its projects under two brands:
'Kolte-Patil’ (addressing the mid-income segment)
‘24K’ (addressing the premium luxury segment).
Market Presence
Co. has delivered more than 20 Million Sq. Ft. of area across Pune, Bengaluru and Mumbai.
New Launches
Launches planned across
all 3 cities of presence –Pune, Mumbai &
Bengaluru with saleable area of ~7.2 msf
Aggregate topline potential of over ~Rs. 5,700 crore
Project Portfolio Q-1 FY 2021-22
29.38 million sq. ft. (MSF) project portfolio -
Under execution - 3.22 MSF
Approval - 10.36 MSF
Land bank - 15.80 MSF
Tie Ups under Capital Light and DM Model and expected Revenue and Profits
FY 21
Signed three new projects with a
combined saleable area of ~2.2 msf in
Pune (Baner, Moshi, Wagholi) under
capital light models. Expected Total
Topline of ~Rs. 1,500 crore and KPDL
PBT of ~Rs. 220 crore
Three redevelopment
projects with a combined saleable
area of ~0.52 msf in Mumbai (Evara,
Verve, Vaayu). Expected Topline of
over Rs. 1,000 crore
FY 22
Signed two new projects with a combined
saleable area of ~1.3 msf in Pune (Hinjewadi,
Tathawade) under DM model. Expected DM
fees of ~Rs. 80 crore
Three redevelopment projects with a combined saleable area of ~0.3 msf in Mumbai (Sukh Niwas, Golden Pebbles,
Jeevan Sudha). Expected Topline of ~ Rs. 700
crore
Bought Back Stake from ICICI
KPDL entered into a share purchase agreement to buy-out the 50% stake held by 2 funds managed by ICICI Venture Funds Management Company Limited in the flagship Life Republic township project. The buy-out consideration was of Rs. 210 Crore and it is paid fully.
Project Funding and Partners
1) Kohlberg-Kravis Roberts (KKR) committed INR 193 Crore in the R1 sector of Life Republic, Pune.
2) Company entered into a Rs 120 Crore agreement with an affiliate of J.P. Morgan Asset Management for its redevelopment project Jay-Vijay Society in Vile Parle (E), Mumbai.
Residential Development Platform
The Co. announced creation of a residential development platform with Planet Smart City, to develop 15,000 housing units. It will focus primarily on development of aspirational housing projects in Pune, Mumbai and Bengaluru.
CEO appointment
Mr. Gopal Sarda resigned from the post of Group CEO of the Company on 10 June 2021 and Mr. Yashvardhan Patil’s was appointed as Group CEO of Kolte-Patil Developers Limited (KPDL) w.e.f June 12, 2021.
Awards
Company received The Economic Times - Brand of the Year Award in 2019
Brand Excellence in Real Estate Sector
Source: Screener.in
Disc: Not invested , DYOR - will add a trance as per the plan