KPI Green Energy Limited
₹277.35-₹13.40 (-4.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,822 Cr
- P/E
- 26.7x
- EV / EBITDA
- 38.0x
- Revenue
- ₹1,592 Cr
- Net margin
- 14.4%
- ROCE
- 14.3%
Price chart
Technical chartScreen technicals →-48.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -22.7%
- 3M
- -27.7%
- 6M
- -38.1%
- 1Y
- -48.0%
- 5Y
- +1,185.8%
52-week range
Day change -₹13.40 (-4.6%) from ₹291 to ₹277 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in KPIGREEN, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 65.1%
Concerns1
- Negative free cash flow (₹1095 Cr)
Rule-based from financial data. Not advice.
About the company
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 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.
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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 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 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.
- Sector
- Energy
- Shares outstanding
- 19.7 Cr shares
- ISIN
- INE542W01025
- BSE code
- 542323
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,822 Cr
- P/E
- 26.7x
- P/B
- 4.1x
- EV / EBITDA
- 38.0x
- EV / Sales
- 13.2x
- P/S
- 12.2x
- Earnings yield
- 3.7%
- 52-week high
- ₹538.80
- 52-week low
- ₹276.60
Profitability
- Operating margin
- 34.1%
- Net margin
- 14.4%
- EBITDA margin
- 34.8%
- ROE
- 13.9%
- ROCE
- 14.3%
- ROA
- 4.9%
- Dividend payout
- 4.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 3.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,592 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 119.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 65.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹252 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 60.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 142.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 76.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹135 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -226.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹347 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 103.5%
Solvency and efficiency
- Current ratio
- 3.48
- Debt / Equity
- 1.31
- Debt / Assets
- 0.46
- Debt / EBITDA
- 3.88
- Interest coverage
- 3.25
- Financial leverage
- 2.82
- CFO / Net profit
- -1.30
- Cash / Market cap
- 12.6%
- Cash per share
- ₹56.37
- Asset turnover
- 0.34
- Fixed asset turnover
- 1.03
- Capital intensity
- 0.97
- Debtor days
- 153 days
- Cash conversion cycle
- 153 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹16 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,146 Cr |
| Sales | Operating profit | ₹446 Cr |
| Operating profit | Interest | ₹68 Cr |
| Operating profit | Depreciation | ₹52 Cr |
| Operating profit | Profit before tax | ₹326 Cr |
| Other income | Profit before tax | ₹14 Cr |
| Profit before tax | Tax and other | ₹88 Cr |
| Profit before tax | Net profit | ₹252 Cr |
Revenue and net profit
Revenue grew 119.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹102 Cr | ₹15 Cr |
| FY2022 | ₹219 Cr | ₹45 Cr |
| FY2023 | ₹488 Cr | ₹78 Cr |
| FY2024 | ₹724 Cr | ₹104 Cr |
| FY2025 | ₹1,592 Cr | ₹252 Cr |
Cash flows
FY2025: ₹450 Cr from operations, -₹1,095 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹19 Cr | -₹111 Cr |
| FY2022 | ₹122 Cr | -₹31 Cr |
| FY2023 | ₹107 Cr | -₹181 Cr |
| FY2024 | -₹135 Cr | -₹508 Cr |
| FY2025 | ₹450 Cr | -₹1,095 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,592 Cr+119.9%1Y
- Net profit
- ₹252 Cr+142.3%1Y
- Cash from operations
- ₹450 Cr
- Free cash flow
- -₹1,095 Cr
- Revenue CAGR, 5Y
- 65.1%
- EBITDA CAGR, 5Y
- 56.3%
- Net profit CAGR, 5Y
- 76.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,592 Cr | ₹446 Cr | — | ₹252 Cr | ₹450 Cr | -₹1,095 Cr | 12.6% | +119.9% | +142.3% |
Monthly returns
Month-by-month returns of KPIGREEN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,112 Cr |
| Equity capital | ₹98 Cr |
| Reserves | ₹1,898 Cr |
| Borrowings | ₹1,512 Cr |
| Other liabilities | ₹603 Cr |
| Assets | ₹4,112 Cr |
| Fixed assets | ₹1,898 Cr |
| Capital work in progress | ₹163 Cr |
| Investments | ₹343 Cr |
| Other assets | ₹1,708 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
KPIGREEN trades at 26.7x earnings against a peer median of 24.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| KPI Green Energy LimitedKPIGREENthis company | ₹8,822 Cr | 26.7x | 4.1x | 13.9% | 38.0x |
| Jaiprakash Power Ventures LimitedJPPOWER | ₹11,397 Cr | 15.4x | 0.9x | 6.0% | 8.2x |
| Sandur Manganese & Iron Ores Ltd.SANDUMA | ₹11,074 Cr | 21.9x | 4.0x | 11.0% | 27.3x |
| Mahanagar Gas LimitedMGL | ₹10,511 Cr | 10.6x | 1.7x | 25.1% | 5.2x |
| Vikram Solar LimitedVIKRAMSOLR | ₹8,316 Cr | 32.4x | 2.8x | 14.5% | 22.1x |
| Power Mech Projects LimitedPOWERMECH | ₹7,309 Cr | 25.0x | 3.3x | 13.3% | 14.0x |
| INOX GREEN ENERGY SERVICES LIMITEDINOXGREEN | ₹7,018 Cr | 153.0x | 3.3x | 0.9% | 74.3x |
| MOIL LimitedMOIL | ₹6,920 Cr | 23.0x | 2.6x | 11.9% | 12.5x |
| BOROSIL RENEWABLES LIMITEDBORORENEW | ₹6,911 Cr | 55.1x | 7.3x | -2.0% | 60.3x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
KPIGREEN since 1 January, against earlier years.
Historical volatility
KPIGREEN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 62.0% |
| FY2022 | 49.0% |
| FY2023 | 32.0% |
| FY2024 | 34.0% |
| FY2025 | 28.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,592 Cr |
| Costs | |
| Interest | ₹68 Cr |
| Expenses | ₹1,146 Cr |
| Operating profitOperating Profit | ₹446 Cr |
| Other income and charges | |
| Profit before tax | ₹340 Cr |
| Tax | |
| Net profitNet Profit | ₹252 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,112 Cr |
| Equity capitalEquity Capital | ₹98 Cr |
| Reserves | ₹1,898 Cr |
| Borrowings | ₹1,512 Cr |
| Other liabilitiesOther Liabilities | ₹603 Cr |
| AssetsTotal Assets | ₹4,112 Cr |
| Fixed assetsFixed Assets | ₹1,898 Cr |
| Capital work in progressCWIP | ₹163 Cr |
| Investments | ₹343 Cr |
| Other assetsOther Assets | ₹1,708 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹450 Cr |
| Investing cash flowCash from Investing Activity | -₹1,545 Cr |
| Financing cash flowCash from Financing Activity | ₹1,442 Cr |
| Change in cashNet Cash Flow | ₹347 Cr |
Learn while you research
Academy chapters picked for KPI Green Energy Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing120% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read