KPI Green Energy Limited share price

NSE: KPIGREEN · ISIN INE542W01025

Key numbers

Market cap
₹ 6,716 Cr
Current price
₹ 339.75
52-week high / low
₹ 542 / 272
Stock P/E
14.7
Book value
₹ 153.7
Dividend yield
0.29%
ROCE
14.3%
ROE
17.4%
Debt to equity
1.71
Sales growth (3 yrs)
61.2%
Profit growth (3 yrs)
63.2%
1-year return
-27.0%

About KPI Green Energy Limited

KPI Green Energy Limited operates as an independent power producer that focuses on the development, construction, ownership, operation, and maintenance of renewable energy projects under the Solarism brand name in India. The company operates through the Sale of Power & Plant and Sale of Plots segments. It also operates as a captive power producer that offers customized renewable energy solutions. In addition, the company offers solar, wind, and hybrid energy solutions, as well as battery energy storage systems. Further, it provides an independent power producer (IPP) and delivers turnkey renewable energy projects as a captive power producer (CPP) for commercial, industrial, and public-sector; and land tracts to third parties. The company was formerly known as K.P.I. Global Infrastructure Limited and changed its name to KPI Green Energy Limited in April 2022. KPI Green Energy Limited was incorporated in 2008 and is based in Surat, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales603634663796694
Operating profit206226236291246
Net profit11111712614595
EPS (₹)5.285.535.977.364.34

Concall summary (2026-08-18)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Speaking about the financial performance for Q 1 FY27, our total income stood at INR710 crore as compared to INR614 crore in Q 1 FY26, registering growth of 16% Y-o-Y.
  • It is also worth noting that our Q 1 FY27 unit generation under the IPP portfolio has grown nearly 4x year-on-year and the generation achieved in this single quarter already exc eeds 65% of the entire FY26 generation.

Growth & demand

  • During this period, our compounded growth has been remarkable with a 92% CAGR in revenue, 104% CAGR in profit.
  • On the similar line, EBITDA increased to INR262 crore as compared to INR217 crore in the corresponding quarter, reflecting a growth of 21% year- on-year.

Margins & costs

  • Our EBITDA margin has improved to 37% from 35%, reflecting the operating strength of our portfolio.
  • But in KP Energy, it has fallen from EBITDA margins have fallen from 22% to 12%.

Capex & expansion

  • During the year gone by, we commissioned 0.85 gigawatt of capacity while booking a further 2.88 gigawatt of fresh orders, taking overall capacity from 4.06 gigawatt to 6.94 gigawatts in a single year.
  • So if I calculate 8.5 around INR450-odd crore should be the total full -- my capacity of INR5,000-odd crore of debt and something coming into picture.

Balance sheet & cash

  • With long tenure 25 years PPA, strong execution capabilities and integrated project development expertise, we are building a platform that combines growth with predictable cash flows.
  • So going forward, I think the debt to equity will be in the comfortable position of 3:1 max to max, which will be long-term debt to net worth.

Peers in Utilities - Renewable

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