KPI Green Energy Ltd

₹ 325 0.63%

09 Oct - 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 ₹ 6,430 Cr.
Current Price ₹ 325
High / Low ₹ 542 / 272
Stock P/E 14.1
Book Value ₹ 154
Dividend Yield 0.28 %
ROCE 13.7 %
ROE 16.9 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 83.8% CAGR over last 5 years
Company's working capital requirements have reduced from 97.5 days to 73.9 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: -5.42%

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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	189	215	330	289	348	360	458	569	603	634	663	796	694
	120	144	227	196	216	226	322	408	397	409	427	505	448
Operating Profit	69	71	104	93	132	134	137	161	206	226	236	291	246
OPM %	37%	33%	31%	32%	38%	37%	30%	28%	34%	36%	36%	37%	35%
	1	1	1	3	0	1	8	8	11	7	16	14	16
Interest	20	18	23	25	28	23	15	14	38	43	48	53	80
Depreciation	9	10	10	11	14	15	15	16	30	32	33	39	51
Profit before tax	41	44	72	60	91	97	115	139	149	158	170	214	131
Tax %	19%	21%	29%	28%	27%	28%	26%	25%	25%	26%	26%	27%	28%
	33	35	51	43	66	70	85	104	111	117	126	155	95
EPS in Rs	2.05	2.14	2.80	2.38	3.66	3.55	4.29	5.04	5.27	5.53	5.97	7.36	4.33
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	34	59	102	230	644	1,024	1,735	2,696	2,787
	19	32	44	121	435	687	1,174	1,738	1,789
Operating Profit	15	27	58	109	208	337	561	958	998
OPM %	45%	46%	57%	47%	32%	33%	32%	36%	36%
	6	0	0	1	3	7	20	48	53
Interest	4	8	16	37	47	86	79	182	224
Depreciation	4	7	13	14	23	40	61	133	154
Profit before tax	13	12	30	59	142	217	441	691	673
Tax %	31%	46%	27%	27%	23%	26%	26%	26%
	9	6	22	43	110	162	325	509	493
EPS in Rs	0.55	0.40	1.35	2.66	6.74	8.94	16.23	24.13	23.19
Dividend Payout %	0%	0%	0%	4%	9%	3%	5%	4%

Compounded Sales Growth
10 Years:	%
5 Years:	92%
3 Years:	61%
TTM:	40%

Compounded Profit Growth
10 Years:	%
5 Years:	84%
3 Years:	61%
TTM:	27%

Stock Price CAGR
10 Years:	%
5 Years:	84%
3 Years:	19%
1 Year:	-27%

Return on Equity
10 Years:	%
5 Years:	21%
3 Years:	19%
Last Year:	17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	18	18	18	18	36	60	98	99
Reserves	81	80	102	136	222	775	2,325	2,935
	40	139	240	446	676	1,036	1,475	5,197
	22	61	49	177	322	564	894	1,651
Total Liabilities	161	298	409	777	1,255	2,436	4,792	9,882
	84	213	244	482	801	979	2,361	4,508
CWIP	18	1	21	31	0	101	163	918
Investments	0	0	0	0	2	0	4	199
	59	85	144	264	453	1,355	2,264	4,257
Total Assets	161	298	409	777	1,255	2,436	4,792	9,882

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-17	40	-27	102	159	-57	241	482
	-15	-119	-63	-189	-309	-387	-2,098	-4,129
	33	87	101	91	177	562	1,807	3,643
Net Cash Flow	1	8	11	4	27	118	-51	-4
Free Cash Flow	-32	-79	-90	-88	-151	-244	-1,264	-2,550
CFO/OP	-101%	154%	-43%	95%	80%	-11%	54%	54%

Ratios

Consolidated / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	143	175	178	58	83	152	122	100
Inventory Days
Days Payable
Cash Conversion Cycle	143	175	178	58	83	152	122	100
Working Capital Days	388	-24	232	85	13	96	123	74
ROCE %		11%	16%	20%	25%	22%	17%	14%

Insights

In beta

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IPP Unit Generation
Crore kWh

x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
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CPP Installed Capacity
MW

IPP Installed Capacity
MW

Land Bank
Acres

Power Evacuation Capacity
MW

Portfolio Hybrid CUF
%

Total Project Sites
Number

CPP Order Book
Rs crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 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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