K.P. Energy Ltd
K.P. Energy(KPEL) is a part of the KP Group of Surat. It is involved in the development of utility scale wind power generation infrastructure. The major activities encompass siting of wind farms, acquisition of lands and permits, EPCC of wind projects, along with balance of plant (BoP) infrastructure. KPEL also owns and operates WTGs (Wind Turbine Generators) and solar power plant as an IPP( Independent Power Producers). The company undertakes projects principally in Gujarat. [1]
- Market Cap ₹ 1,668 Cr.
- Current Price ₹ 247
- High / Low ₹ 584 / 238
- Stock P/E 11.2
- Book Value ₹ 56.4
- Dividend Yield 0.26 %
- ROCE 41.7 %
- ROE 45.4 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 153% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.7%
- Company's median sales growth is 64.3% of last 10 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 41 | 111 | 60 | 158 | 75 | 72 | 250 | 438 | 471 | 936 | 1,266 | |
| 22 | 32 | 82 | 50 | 125 | 64 | 54 | 216 | 367 | 386 | 761 | 1,007 | |
| Operating Profit | 5 | 10 | 29 | 10 | 33 | 11 | 18 | 34 | 70 | 85 | 176 | 259 |
| OPM % | 18% | 23% | 26% | 17% | 21% | 14% | 25% | 14% | 16% | 18% | 19% | 20% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 5 | 13 | 20 | 14 | |
| Interest | 0 | 1 | 2 | 3 | 5 | 5 | 5 | 5 | 6 | 13 | 29 | 38 |
| Depreciation | 0 | 1 | 1 | 3 | 4 | 4 | 5 | 6 | 5 | 8 | 13 | 24 |
| Profit before tax | 4 | 8 | 26 | 4 | 25 | 3 | 9 | 27 | 64 | 76 | 154 | 210 |
| Tax % | 33% | 34% | 35% | 50% | 22% | 60% | 36% | 33% | 31% | 24% | 25% | |
| 3 | 5 | 17 | 2 | 19 | 1 | 6 | 18 | 44 | 58 | 115 | 148 | |
| EPS in Rs | 1.51 | 0.78 | 2.53 | 0.28 | 2.92 | 0.17 | 0.91 | 2.74 | 6.58 | 8.74 | 17.29 | 22.22 |
| Dividend Payout % | 0% | 0% | 6% | 9% | 6% | 0% | 0% | 6% | 2% | 6% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 66% |
| 3 Years: | 55% |
| TTM: | 70% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 44% |
| 5 Years: | 153% |
| 3 Years: | 88% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 52% |
| 5 Years: | 92% |
| 3 Years: | 61% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 36% |
| 3 Years: | 42% |
| Last Year: | 45% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 3 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 33 | 33 | 33 |
| Reserves | 4 | 13 | 24 | 26 | 49 | 48 | 55 | 76 | 117 | 152 | 280 | 344 |
| 2 | 10 | 21 | 40 | 35 | 31 | 33 | 28 | 49 | 116 | 252 | 300 | |
| 12 | 17 | 50 | 63 | 84 | 169 | 167 | 226 | 168 | 324 | 604 | 591 | |
| Total Liabilities | 19 | 43 | 104 | 138 | 179 | 260 | 265 | 342 | 346 | 626 | 1,169 | 1,268 |
| 10 | 25 | 50 | 85 | 83 | 81 | 132 | 135 | 144 | 174 | 420 | 505 | |
| CWIP | 0 | 0 | 18 | 8 | 10 | 50 | 11 | 11 | 1 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 23 | 22 | 10 | 10 |
| 9 | 18 | 36 | 45 | 86 | 130 | 121 | 191 | 177 | 429 | 738 | 754 | |
| Total Assets | 19 | 43 | 104 | 138 | 179 | 260 | 265 | 342 | 346 | 626 | 1,169 | 1,268 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 4 | 36 | 12 | 2 | -28 | -6 | 26 | 28 | 33 | 162 | |
| -9 | -16 | -44 | -27 | -4 | -40 | -18 | -10 | -21 | -70 | -241 | |
| 3 | 13 | 8 | 22 | 1 | 69 | 33 | -11 | -15 | 47 | 101 | |
| Net Cash Flow | 1 | 1 | 0 | 7 | -1 | 0 | 9 | 5 | -8 | 10 | 22 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 68 | 84 | 93 | 64 | 53 | 21 | 23 | 48 | 196 | 126 |
| Inventory Days | 96 | ||||||||||
| Days Payable | 105 | ||||||||||
| Cash Conversion Cycle | 26 | 68 | 84 | 93 | 64 | 53 | 21 | 23 | 40 | 196 | 126 |
| Working Capital Days | -15 | 16 | 7 | -134 | 10 | 202 | 205 | 14 | 12 | 72 | 63 |
| ROCE % | 52% | 70% | 11% | 35% | 7% | 13% | 24% | 44% | 38% | 42% |
Insights
In beta| Jan 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Operational IPP Portfolio MW |
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| Cumulative Capacity Installed GW |
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| Operation and Maintenance (O&M) Portfolio MW |
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| Order Book MW |
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| Plant Load Factor (PLF) - Wind % ・Standalone data |
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| Operating Cycle Days ・Standalone data |
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| Plant Load Factor (PLF) - Solar % ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Mar - K.P. Energy Limited informed Exchange regarding its participation in the Analyst(s)/Institutional Investor(s) Meet, scheduled to be held on March 10, 2026. Detailed disclosure is attached …
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Intimation Regarding Receipt Of Letter Of Award (Loa) For Development Of A Wind-Solar Hybrid Power Project In Gujarat Aggregating To 40.8 MW
25 Feb - LoA received to develop 40.8 MW wind-solar hybrid in Gujarat (20.2 MW wind, 20.6 MWp solar), turnkey, Feb 25, 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
10 Feb - Received SECI LoA for 100 MW ISTS wind project at ₹3.67/kWh; PPA pending; supply within 24 months.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Feb - K.P. Energy Limited submitted the Exchange transcript of Earnings Conference Call held on January 28, 2026 at 04:30 PM to discuss the unaudited (standalone & …
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
30 Jan - K.P. Energy awarded LOA by Inox Renewable for 99 MW turnkey wind project at Bhuj, Gujarat.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Concalls
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Feb 2026Transcript PPT REC
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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Apr 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
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Mar 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Jun 2019Transcript PPT
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May 2019TranscriptAI SummaryPPT
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Jan 2019TranscriptAI SummaryPPT
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Oct 2018TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
Part of the KP Group
The company is part of the KP Group, founded and promoted by Faruk Patel in 1994. It comprises 50+ companies focused on renewable energy, including solar, wind, hybrid, green hydrogen, ammonia, BESS, and offshore projects. As of FY25, the group has a renewable capacity of 5.75 GW and aims to reach 10+ GW capacity by 2030. [1]