Companies›Utilities›Power›Power
NSE:KPIGREEN

KPI GREEN ENERGY LIMITED

Power › Power·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹285.90
at close · 27 Oct 2026
▲ 1.65 (+0.58%)
ThemesWind Energy· growingElectric Vehicles· announcedGreen Hydrogen· mention

Latest filings

  1. KPI Green Energy incorporates two step-down energy subsidiaries · Strategic Transactions
  2. Subsidiary Sun Drops Energia acquires 88.37 percent stake in DMGEL · Strategic Transactions
  3. Routine RTA compliance certificate filed for Q2 FY26 · Compliance
All filings ↓
Ask Nexa about KPI GREEN ENERGY LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Generates electricity from renewable sources and executes turnkey solar, wind and hybrid power projects for utility and commercial customers. Revenue is overwhelmingly from Sales of Power & Solar Power Plant at ₹1,988.23 crore (99.9% of segment revenue), which combines long-duration power sales from its Independent Power Producer (IPP) portfolio with EPC-based execution of solar and hybrid plants. The IPP business operates solar, wind, hybrid and floating solar assets under long-tenor PPAs, while the Captive Power Project (CPP) / EPC arm builds grid-connected solar PV projects for state utilities and corporates on a turnkey basis — recent examples include a 200 MW (AC) / 269 MW (DC) project for Coal India at the GIPCL Solar Park in Khavda, Gujarat, and a 100 MW (AC) / 128 MW (DC) project for MAHAGENCO at Nagpur. Sales of Plot is a residual line at ₹1.27 crore (0.1%). Materials and EPC inputs are the largest cost, at 52.0% of FY26 revenue, with depreciation at 4.9% and capex at 112.6% reflecting the build-out of the IPP asset base. FY26 total assets reached ₹9,882.06 crore against revenue of ₹2,695.91 crore.

Revenue mix · reported segments
Sales of Power & Solar Power Plant99.9%
Sales of Plot0.1%
Operating scale
Installed capacity
1.62 GWFY26
Capacity under construction
4.64 GWFY26
Total project portfolio
~6.26 GW (2.57 GW IPP + 3.69 GW CPP)FY26
Annual IPP generation potential
390+ crore unitsFY26
CPP order book
₹5,246 crore (~2.7 GW)FY26
Green bond raised
₹670 crore at 8.50% coupon (5-year)FY26
Who pays it
State power utilities and large corporates buying power under PPAs (IPP), and customers such as Coal India and MAHAGENCO commissioning turnkey solar EPC projects (CPP).
Biggest cost
Materials and EPC inputs at 52.0% of FY26 revenue.
Kind of business
Asset-heavy, capex-intensive renewable energy IPP plus EPC contractor.
Where it sits
Renewable power generator and EPC contractor with a ~6.26 GW portfolio (1.62 GW operational, 4.64 GW under construction), targeting 10 GW by 2030.
Market Cap
₹5,651 Cr
P / E (TTM)
12.3×
EV / EBITDA
9.6×
Div Yield
0.30%
Growth
91.9%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
16.2%▲
ROCE (5y median)
ROE 19.3% (5y median) · margin 37.3%
Leverage
1.38·
Debt / Equity · moderate
Net debt ₹4,416 Cr
Revenue FY21→FY26
26.0×▲
Revenue change
₹104 Cr → ₹2,696 Cr
Cash conversion
0.73×·
Operating cash ÷ profit · 5 yrs
₹836 Cr on ₹1,149 Cr
Moves on a normal day
1.42%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 28 Power Generation peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/22
P/B#16/26
ROCE#5/29
ROE#3/26
Debt / Equity#19/26
EBITDA margin#16/24
Revenue growth#10/24
Profit growth#18/25

Scorecard

Measured from the filed financials, judged against its Power Generation peers · as of FY26 — not investment advice

Strengths
Revenue compounding 92% a year over 5 years
Returns on capital 16.2% (5-year median)
#5 of 29 in Power Generation on the latest reported figures
Concerns
Heavy working capital — 234 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

KPIGREEN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from KPI GREEN ENERGY LIMITED's filed financials and exchange disclosures

What does KPI GREEN ENERGY LIMITED do?

KPI GREEN ENERGY LIMITED is a Power company listed on NSE and BSE, trading under the symbol KPIGREEN.

Is KPI GREEN ENERGY LIMITED profitable?

Yes. Over the trailing twelve months KPI GREEN ENERGY LIMITED reported a net profit of ₹493 Cr on revenue of ₹2,787 Cr.

Does KPI GREEN ENERGY LIMITED pay a dividend?

Yes. The dividend yield is 0.30% at the current price. It paid out 3% of its profit as dividend in FY26.

Is KPI GREEN ENERGY LIMITED debt-free?

No. It reported borrowings of ₹4,532 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹4,416 Cr after cash. Debt stands at 1.38× equity. That is higher than 72% of its 26 Power Generation peers.

Is KPI GREEN ENERGY LIMITED expensive compared with its peers?

On trailing P/E, KPI GREEN ENERGY LIMITED ranks 7 of 22 in Power Generation — cheaper than 71% of them, against an industry median of 19.1×. This is a position, not a valuation judgement.

How much does the KPI GREEN ENERGY LIMITED share price move in a day?

On a typical session KPI GREEN ENERGY LIMITED moves 1.42% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track KPI GREEN ENERGY LIMITED's announcements?

Every NSE and BSE filing by KPI GREEN ENERGY LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.