Kolte Patil Developers Ltd(KOLTEPATIL)

NSE: KOLTEPATILBSE: 532924

₹ 458+6.24%refreshed 23 Oct, 03:58 pm ISTMarket cap: ₹ 4,062 crWebsite: www.koltepatil.comUpdated: 24 Oct 2026

About

Kolte-Patil Developers Ltd is a Pune-based residential and mixed-use real estate developer operating across Pune, Mumbai, and Bengaluru, with a total project portfolio of 38.02 Mn sq. ft. as of Q1 FY27. It holds a leadership position in the Pune market and reported FY26 revenue of Rs. 734.96 Cr, with Blackstone holding a 40% strategic stake since Q2 FY26. In Q2 FY27 it recorded its highest-ever quarterly sales of Rs 1,019 crore.^[1][2][3]

Business segments

Real estate development and related activities constitute a single reportable segment; construction and real estate development (NIC Code 4100) accounts for 94.46% of total turnover in FY25.^[4]
Operations are domestic only, across 2 states, with zero export contribution as a percentage of turnover.^[5]

Products and brands

The company operates two brands: 'Kolte-Patil' for mid-premium and premium housing, and '24K' dedicated to premium luxury living.^[4]
Development types include gated communities, residential complexes, integrated townships, and mixed-use projects.^[4]
Life Republic is a flagship bio-climatic township with 40% green cover, integrated rainwater harvesting, natural ventilation, and a pilot waste-to-energy plant processing one tonne of organic waste daily.^[4]

Operations and portfolio

Total project portfolio (ongoing & unsold, under approval, and land bank) stands at 38.02 Mn sq. ft. as of Q1 FY27, with top-line potential of ~Rs. 29,800 Cr estimated as of Q3 FY26.^[1]
Over 30 Mn sq. ft. delivered cumulatively to 31 March 2025; 16 Mn sq. ft. under construction as of 31 March 2025.^[4]
13 offices nationally across 2 states; no international offices or plants.^[4]
1,020 employees as of 31 March 2025, with a retention rate of over 82%; 43% of the workforce associated for more than five years.^[4]

Key operating numbers

Pre-sales hit a record Rs 1,019 cr in Q2 FY27, up 52% YoY; H1 FY27 pre-sales were a record Rs 1,636 cr, up 27% YoY.^[3][6]
Collections were Rs 795 cr in Q2 FY27, up 33% YoY; H1 FY27 collections were Rs 1,509 cr, up 32% YoY.^[3]
Average realization was ~Rs 8,368/sq ft in H1 FY27, up 10% YoY on price revisions and a higher Mumbai share; Q2 FY27 realization was Rs 7,829/sq ft, flat YoY.^[3]
FY26 full-year pre-sales: Rs. 2,605 Cr (3.13 Mn sq. ft.), down 7% YoY from Rs. 2,791 Cr in FY25; FY26 collections an all-time high of Rs. 2,689 Cr, up 11% YoY from Rs. 2,432 Cr.^[1]
Net debt position: Rs. (417) Cr net cash in Q1 FY27 vs Rs. (320) Cr net cash in Q1 FY26; gross debt Rs. 1,014 Cr in Q1 FY27 vs Rs. 1,058 Cr in Q1 FY26.^[1]
Pre-sales CAGR FY22 - FY26 for Life Republic: 26%, with Life Republic contributing ~34% of Q1 FY27 pre-sales (Rs. 212 Cr) at Rs. 7,280/sq. ft. realization.^[1]

Geography mix

Pune anchors the portfolio at ~34.9 Mn sq. ft. (~Rs. 25,800 Cr top-line potential) as of Q3 FY26; Life Republic alone contributed ~50% of company-level pre-sales in FY26 (Rs. 1,322 Cr).^[7]
Mumbai contributed ~30% of Q1 FY27 pre-sales value with the highest realization across geographies at Rs. 19,123/sq. ft.; Mumbai and Bengaluru together contributed ~14% of FY26 pre-sales.^[1]

Customers and partners

Residential projects serve retail clients including high-net-worth individuals and middle-income groups; commercial infrastructure caters to business houses and corporates.^[4]
Strategic investors and partners include IL&FS, ICICI Ventures, JP Morgan, ASK Capital, KKR, Motilal Oswal, Portman Holdings, Planet Smart City, Japan's Marubeni Corporation, and Blackstone.^[4]

Launches and business development

In Q2 FY27 launched ~1 mn sq ft at 'Vyana at The Reserve', Vadgaon, Pune, which generated Rs 616 cr of sales, the company's strongest launch ever.^[3][6]
In FY27 added six redevelopment projects across Mumbai's Western and Central suburbs and Navi Mumbai with combined GDV of ~Rs 6,000 cr, its largest annual BD addition in Mumbai; ~2 Mn sq. ft. saleable area.^[3][1]
FY26 business development: acquired projects with aggregate GDV of ~Rs. 2,250 Cr (~3 Mn sq. ft.), including Bhugaon Sector 1A (GDV ~Rs. 1,400 Cr) and a JDA in Bhugaon Sector 1B (GDV ~Rs. 850 Cr).^[8]
Strategy focuses on outright deals, redevelopment, and JVs/JDAs across Pune, Mumbai, and Bengaluru, with MMR positioned as a key growth market.^[1][3]

Recent developments

On 13 Oct 2026 the company reported its Q2 FY27 operational update with record quarterly sales of Rs 1,019 crore.^[6]
Funds affiliated with Blackstone completed a phased equity investment in Q2 FY26 and hold a 40% stake, via preferential allotment and secondary purchase from existing promoters.^[8]
CRISIL reaffirmed long-term bank debt and NCDs at AA-/Stable and short-term bank loan facilities at A1+ as of Q1 FY27.^[1]
Q1 FY27 launched 0.78 Mn sq. ft. (GDV Rs. 544 Cr); total income reached a record Rs. 937 Cr in Q1 FY27 on completion of ~1.27 Mn sq. ft. across Pune and Mumbai projects.^[1]

Market Cap

₹4,062 Cr

High / Low

₹557 / 293

Stock P/E

30.7

Price / Book

3.2

Book Value

₹136

EPS

₹-4.4

No. of Shares

8.87 Cr

ROCE

-0.1%

ROE

-3.8%

OPM

-1.2%

Debt / Equity

0.95

Sales

₹735 Cr

Net Profit

₹-38 Cr

Promoter holding

73.8%

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