KP GREEN ENGINEERING LIMITED

Designs, fabricates and galvanizes steel infrastructure products for India's power, telecom and renewable-energy sectors. The business runs a single integrated fabrication and galvanizing platform at Matar, Gujarat, with a FY26 capacity of 4,00,500 MTPA, and sells products like solar module mounting structures, transmission towers, telecom towers, pre-engineered buildings (PEB), crash barriers, RSJ poles, monopoles, cable trays and isolators to state power utilities, telecom operators (including BSNL under an ₹819+ crore order), railway and road infrastructure authorities (NHAI, PWD, CPWD), and solar EPC contractors. A dedicated hot-dip galvanizing facility of 90,000 MTPA — described as Asia's largest — is now operational and is used both for captive consumption and likely third-party galvanizing. FY26 revenue was ₹1,245.57 crore with EBITDA margin of 20% and PAT of ₹135.74 crore, while the order book stood at ₹1,831 crore and the bidding pipeline at ₹3,000+ crore. Capacity utilization is currently around 30–34%, with management targeting 50–60% in FY27. Materials — primarily steel and galvanizing inputs — are the dominant cost at 69.8% of revenue, with capex running at 29.4% of revenue as the company invests in backward integration (rolling mill, cables, conductors).