KPI Green Energy Ltd

₹ 340 1.97%

25 Sep - close price

kpigreenenergy.com BSE: 542323 NSE: KPIGREEN

About

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

Key Points

Part of the KP Group^[1]
The company is a part of the KP Group, a renewable energy-focused conglomerate with businesses across solar and hybrid power generation, wind project development, steel engineering and galvanization, and green hydrogen. The Group has an installed renewable energy capacity of 2.5 GW with plans to scale beyond 10 GW by 2030.

Website BSE NSE

Market Cap ₹ 6,716 Cr.
Current Price ₹ 340
High / Low ₹ 542 / 272
Stock P/E 17.3
Book Value ₹ 128
Dividend Yield 0.26 %
ROCE 12.4 %
ROE 17.4 %
Face Value ₹ 5.00

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Pros

Company has delivered good profit growth of 93.1% 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: -5.40%

* 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 Nifty Smallcap 500 BSE Utilities BSE 1000 Nifty Total Market Nifty Microcap 250

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	110	171	275	168	310	310	483	488	386	501	511	592	502
	68	117	189	103	203	228	361	354	238	314	314	346	301
Operating Profit	42	54	86	65	107	82	122	135	148	187	197	246	201
OPM %	38%	32%	31%	39%	35%	27%	25%	28%	38%	37%	39%	42%	40%
	1	1	1	3	1	1	7	5	10	6	12	11	13
Interest	17	16	21	22	25	19	11	12	34	39	45	49	75
Depreciation	8	9	9	10	13	13	13	14	26	26	28	34	46
Profit before tax	17	30	58	35	71	51	105	114	97	128	135	174	93
Tax %	23%	21%	29%	27%	26%	28%	27%	25%	26%	26%	27%	27%	29%
	13	24	41	26	53	37	77	86	72	95	99	127	67
EPS in Rs	0.82	1.46	2.25	1.43	2.91	1.87	3.91	4.36	3.66	4.82	4.99	6.43	3.37
Raw PDF

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	TTM
	0	27	26	32	34	59	102	219	488	724	1,592	1,990	2,106
	0	13	8	13	19	32	38	113	334	477	1,146	1,212	1,275
Operating Profit	0	15	17	19	15	27	64	106	154	247	446	778	831
OPM %		54%	68%	59%	45%	46%	62%	49%	32%	34%	28%	39%	39%
	0	0	0	-0	6	0	0	1	3	5	14	39	41
Interest	0	1	2	3	4	8	25	36	37	76	68	167	208
Depreciation	0	3	2	8	4	7	16	14	19	35	52	114	134
Profit before tax	0	12	14	8	13	12	23	58	101	141	340	535	531
Tax %		33%	40%	2%	31%	46%	36%	23%	22%	26%	26%	27%
	0	8	8	7	9	6	15	45	78	104	252	393	387
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	19.61
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:	26%

Compounded Profit Growth
10 Years:	48%
5 Years:	93%
3 Years:	71%
TTM:	42%

Stock Price CAGR
10 Years:	%
5 Years:	87%
3 Years:	23%
1 Year:	-24%

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 / 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 2016

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IPP Unit Generation
Crore kWh

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CPP Installed Capacity
MW

IPP Installed Capacity
MW

Land Bank
Acres

Power Evacuation Capacity
MW

Total Order Book / Business Pipeline
GW

Portfolio Hybrid CUF
%

Total Project Sites
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.83%	53.08%	53.08%	53.09%	48.77%	48.78%	48.78%	48.67%	48.67%	49.25%	49.49%	49.41%
	4.24%	5.96%	5.60%	6.05%	9.95%	8.78%	8.05%	8.26%	9.16%	8.68%	8.24%	8.16%
	0.00%	2.09%	0.63%	0.33%	1.50%	1.87%	1.64%	0.81%	0.77%	0.63%	0.64%	0.67%
	40.91%	38.86%	40.69%	40.51%	39.80%	40.54%	41.52%	42.26%	41.39%	41.46%	41.63%	41.75%
No. of Shareholders	59,420	81,436	1,54,894	1,95,775	2,58,693	2,91,593	3,21,909	3,24,889	3,12,709	3,05,430	3,11,134	3,09,275

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	51.10%	51.47%	52.69%	54.52%	54.81%	53.08%	48.78%	49.49%	49.41%
	0.00%	0.00%	0.00%	2.77%	2.54%	5.60%	8.05%	8.24%	8.16%
	3.25%	0.00%	0.00%	0.00%	0.00%	0.63%	1.64%	0.64%	0.67%
	45.65%	48.53%	47.31%	42.71%	42.64%	40.69%	41.52%	41.63%	41.75%
No. of Shareholders	691	699	703	9,575	42,512	1,54,894	3,21,909	3,11,134	3,09,275

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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