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 ₹ 10,132 Cr.
- Current Price ₹ 513
- High / Low ₹ 745 / 313
- Stock P/E 31.5
- Book Value ₹ 133
- Dividend Yield 0.09 %
- ROCE 17.5 %
- ROE 18.7 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 118% CAGR over last 5 years
Cons
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 45.5% of their holding.
- Promoter holding has decreased over last 3 years: -5.74%
* 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 Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 34 | 59 | 102 | 230 | 644 | 1,024 | 1,735 | |
| 19 | 32 | 44 | 121 | 435 | 687 | 1,172 | |
| Operating Profit | 15 | 27 | 58 | 109 | 208 | 337 | 564 |
| OPM % | 45% | 46% | 57% | 47% | 32% | 33% | 32% |
| 6 | 0 | 0 | 1 | 3 | 7 | 17 | |
| Interest | 4 | 8 | 16 | 37 | 47 | 86 | 79 |
| Depreciation | 4 | 7 | 13 | 14 | 23 | 40 | 61 |
| Profit before tax | 13 | 12 | 30 | 59 | 142 | 217 | 441 |
| Tax % | 31% | 46% | 27% | 27% | 23% | 26% | 26% |
| 9 | 6 | 22 | 43 | 110 | 162 | 325 | |
| EPS in Rs | 0.55 | 0.40 | 1.35 | 2.66 | 6.74 | 8.94 | 16.23 |
| Dividend Payout % | 0% | 0% | 0% | 4% | 9% | 2% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 97% |
| 3 Years: | 96% |
| TTM: | 69% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 118% |
| 3 Years: | 95% |
| TTM: | 99% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 173% |
| 3 Years: | 89% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 24% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 36 | 60 | 98 |
| Reserves | 81 | 80 | 102 | 136 | 222 | 775 | 2,511 |
| 40 | 139 | 240 | 446 | 676 | 1,036 | 1,475 | |
| 22 | 61 | 49 | 177 | 322 | 564 | 708 | |
| Total Liabilities | 161 | 298 | 409 | 777 | 1,255 | 2,436 | 4,792 |
| 84 | 213 | 244 | 482 | 801 | 979 | 2,361 | |
| CWIP | 18 | 1 | 21 | 31 | 0 | 101 | 163 |
| Investments | 0 | 0 | 0 | 0 | 2 | 0 | 4 |
| 59 | 85 | 144 | 264 | 453 | 1,355 | 2,264 | |
| Total Assets | 161 | 298 | 409 | 777 | 1,255 | 2,436 | 4,792 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -17 | 40 | -27 | 102 | 159 | -57 | 208 | |
| -15 | -119 | -63 | -189 | -309 | -387 | -1,587 | |
| 33 | 87 | 101 | 91 | 177 | 562 | 1,807 | |
| Net Cash Flow | 1 | 8 | 11 | 4 | 27 | 118 | 427 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 143 | 175 | 178 | 58 | 83 | 152 | 122 |
| Inventory Days | 158 | 227 | 186 | ||||
| Days Payable | 217 | 284 | 168 | ||||
| Cash Conversion Cycle | 143 | 175 | 178 | 58 | 24 | 96 | 140 |
| Working Capital Days | 404 | 67 | 282 | 160 | 76 | 244 | 224 |
| ROCE % | 11% | 16% | 20% | 25% | 22% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
1d - KPI Green Energy incorporated SPV KPIN Clean Power Three LLP for renewable energy projects with Rs.1 lakh capital.
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Announcement under Regulation 30 (LODR)-Acquisition
28 Jun - KPI Green Energy incorporated SPV KPIN Clean Power Two LLP for renewable energy activities.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Jun - KP Group featured in IBM case study for scalable clean energy operations and advanced asset monitoring.
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Acquisition
20 Jun - KPI Green Energy incorporates SPV KPIN Clean Power Five LLP for renewable energy projects.
Annual reports
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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 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Apr 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023TranscriptPPTREC
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Jun 2023TranscriptNotesPPT REC
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Jan 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
Business Verticals
The company develops solar and hybrid power plants under the brand name 'Solarism and offers power solutions through 2 verticals: [1]