KPI Green Energy Ltd
Incorporated in 2008, KPI Green Energy Ltd is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand. [1]
Group Companies: [2]
KP Energy Limited
KP Green Engineering Private Limited
KPF Green Hydrogen & Ammonia Technology Private Limited
KP Human Development Foundation
- Market Cap ₹ 8,423 Cr.
- Current Price ₹ 427
- High / Low ₹ 563 / 336
- Stock P/E 21.4
- Book Value ₹ 128
- Dividend Yield 0.16 %
- ROCE 12.4 %
- ROE 17.4 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 93.2% CAGR over last 5 years
- Company's median sales growth is 60.4% of last 10 years
- Company's working capital requirements have reduced from 109 days to 84.6 days
Cons
- Company might be capitalizing the interest cost
- Promoters have pledged 44.7% of their holding.
- Promoter holding has decreased over last 3 years: -5.32%
* 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.
Peer comparison
Utilities Power Power Power Generation
Part of BSE Utilities Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 27 | 26 | 32 | 34 | 59 | 102 | 219 | 488 | 724 | 1,592 | 1,990 | |
| 0 | 13 | 8 | 13 | 19 | 32 | 38 | 113 | 334 | 477 | 1,146 | 1,211 | |
| Operating Profit | 0 | 15 | 17 | 19 | 15 | 27 | 64 | 106 | 154 | 247 | 446 | 778 |
| OPM % | 54% | 68% | 59% | 45% | 46% | 62% | 49% | 32% | 34% | 28% | 39% | |
| 0 | 0 | 0 | -0 | 6 | 0 | 0 | 1 | 3 | 5 | 14 | 38 | |
| Interest | 0 | 1 | 2 | 3 | 4 | 8 | 25 | 36 | 37 | 76 | 68 | 167 |
| Depreciation | 0 | 3 | 2 | 8 | 4 | 7 | 16 | 14 | 19 | 35 | 52 | 114 |
| Profit before tax | 0 | 12 | 14 | 8 | 13 | 12 | 23 | 58 | 101 | 141 | 340 | 535 |
| Tax % | 33% | 40% | 2% | 31% | 46% | 36% | 23% | 22% | 26% | 26% | 27% | |
| 0 | 8 | 8 | 7 | 9 | 6 | 15 | 45 | 78 | 104 | 252 | 393 | |
| EPS in Rs | 0.00 | 2.42 | 1.63 | 0.63 | 0.55 | 0.40 | 0.89 | 2.74 | 4.82 | 5.74 | 12.82 | 19.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 13% | 4% | 6% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 53% |
| 5 Years: | 81% |
| 3 Years: | 60% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 93% |
| 3 Years: | 71% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 141% |
| 3 Years: | 55% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 4 | 6 | 13 | 18 | 18 | 18 | 18 | 36 | 60 | 98 | 99 |
| Reserves | 0 | 10 | 26 | 36 | 81 | 80 | 94 | 137 | 192 | 688 | 1,898 | 2,426 |
| 0 | 14 | 31 | 44 | 40 | 139 | 286 | 352 | 600 | 977 | 1,512 | 5,280 | |
| 12 | 26 | 20 | 14 | 22 | 61 | 51 | 174 | 207 | 381 | 603 | 1,181 | |
| Total Liabilities | 12 | 54 | 83 | 107 | 161 | 298 | 450 | 682 | 1,035 | 2,106 | 4,112 | 8,985 |
| 0 | 31 | 58 | 49 | 84 | 203 | 297 | 403 | 673 | 704 | 1,898 | 4,017 | |
| CWIP | 0 | 1 | 8 | 34 | 18 | 1 | 3 | 0 | 0 | 78 | 163 | 916 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 66 | 67 | 214 | 343 | 500 |
| 12 | 21 | 17 | 25 | 59 | 94 | 128 | 213 | 295 | 1,110 | 1,708 | 3,551 | |
| Total Assets | 12 | 54 | 83 | 107 | 161 | 298 | 450 | 682 | 1,035 | 2,106 | 4,112 | 8,985 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 14 | 9 | 7 | -17 | 30 | 19 | 122 | 107 | -135 | 450 | 315 | |
| 0 | -25 | -36 | -29 | -15 | -109 | -130 | -153 | -288 | -373 | -1,545 | -3,996 | |
| 0 | 14 | 25 | 23 | 33 | 87 | 122 | 29 | 206 | 591 | 1,442 | 3,704 | |
| Net Cash Flow | 0 | 3 | -2 | 0 | 1 | 8 | 11 | -3 | 24 | 82 | 347 | 23 |
| Free Cash Flow | 0 | -11 | -27 | -23 | -32 | -79 | -93 | 4 | -182 | -283 | -882 | -2,671 |
| CFO/OP | 97% | 65% | 47% | -101% | 117% | 32% | 115% | 74% | -52% | 108% | 44% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 17 | 150 | 143 | 175 | 178 | 57 | 40 | 153 | 101 | 116 | |
| Inventory Days | 203 | 434 | ||||||||||
| Days Payable | 208 | 137 | ||||||||||
| Cash Conversion Cycle | 30 | 12 | 150 | 143 | 175 | 178 | 57 | 40 | 153 | 101 | 413 | |
| Working Capital Days | 89 | 38 | 104 | 388 | -30 | 151 | 50 | -8 | 130 | 113 | 85 | |
| ROCE % | 0% | 35% | 14% | 9% | 11% | 15% | 21% | 21% | 17% | 16% | 12% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Power Generation (Units Generated under IPP) Crore kWh |
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| Cumulative Installed Capacity MW |
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| IPP Installed Capacity MW |
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| Land Bank Acres |
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| Power Evacuation Capacity MW |
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| Order Book (Consolidated) GW |
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Extracted by Screener AI
Documents
Announcements
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Execution Of Battery Energy Storage Purchase Agreement For Development Of 120 MW / 240 Mwh IPP Standalone BESS Project With GUVNL
19 May - Subsidiary signed BESPA with GUVNL for 120 MW/240 MWh BESS project; cumulative portfolio reaches 565 MW/1,130 MWh.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 May - KPI Green Energy Limited submitted to the Exchange transcript of Earnings Conference Call held on May 12, 2026 at 11:00 AM to discuss the audited …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 May - KPI Green Energy to attend investor meeting on May 21, 2026 in Mumbai.
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Intimation Regarding Grant Of Stock Options Under KPI Green Energy Limited Employee Stock Option Plan 2023
15 May - Granted 26,261 stock options to an employee at Rs 35, vesting after one year.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On May 15, 2026
15 May - Board approved Rajesh Shrivastava as WTD for five years and reappointed Venu Birappa as independent director.
Annual reports
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Financial Year 2025
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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 2015
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Financial Year 2014
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Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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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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Jun 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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Oct 2023TranscriptAI SummaryPPT
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Oct 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptPPTREC
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Jun 2023TranscriptPPT REC
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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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Jul 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
Business Verticals
The company develops solar and hybrid power plants under the brand name 'Solarism and offers power solutions through 2 verticals: [1]