K.p. Energy Limited (KPEL)

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K.p. Energy Limited (KPEL) · mywealthgrid

About

K.p. Energy generates power in India's utilities sector. Market cap ₹1,709 Cr, ROE 43.35%, operating margins 11.66–21.37%, quarterly revenue ₹300–630 Cr. Moderate leverage (D/E 0.74), regular dividend distributions.

Face value: ₹5

Market cap

₹1,478 Cr

P/E

8.1×

P/B

2.8×

Dividend yield

0.3%

ROE

43.4%

ROCE

38.6%

Debt / equity

0.74

OPM

21.4%

EPS (TTM)

₹26.9

Book value

₹77.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock down 45% over 12 months despite sustained profit (₹25–78 Cr/quarter) and ROE 43.35%—verify what triggered repricing and whether concerns persist. - Operating margins swing sharply: 20.7% (Mar 2026) to 11.66% (Jun 2026)—clarify if seasonal demand cycles, utilization swings, or input-cost timing. - Institutional holdings minimal (FII 0.52%, DII 1.03%) vs promoter 45.31%, limits analyst coverage and secondary-market liquidity. - D/E 0.74 serviceable; verify debt maturity and refinancing exposure in elevated-rate environment.

Generated analysis · source review pending

Growth drivers

Indian power demand expanding; verify KPEL's current generation capacity (MW), utilization rate, and commissioned or planned capacity additions. - Quarterly net profit ₹25–78 Cr and EPS 3.84–11.74; growth requires volume expansion or tariff realization—clarify mix of spot vs. long-term PPAs and tariff-escalation terms. - Operating margins 11–21% show revenue-to-earnings conversion; identify fixed vs. variable cost split and fuel-inflation hedging mechanisms. - D/E 0.74 provides capex headroom for growth projects if returns exceed cost of capital.

Generated analysis · source review pending

874 historical price candles were omitted because the exchange source has not been verified.

₹218.0-2.7%1Y

Quick read

rule-based

Pros

+Strong return on equity of 42.2% (3-yr avg)
+High return on capital employed of 37%
+Healthy operating margin of 21.4%
+Profit CAGR of 177.6% over the last 5 years
+Revenue CAGR of 82% over the last 5 years

Cons

−Low dividend payout of 2.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

82/100

Business quality: 71
Growth: 80
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jsw Energy LimitedJSWENERGYJSWENERGY	₹88,925 Cr	₹1,64,771 Cr	₹18,965 Cr	₹10,149 Cr	53.3%	₹1,967 Cr	14.6%	8.6%	7.7%	28
Ntpc Green Energy LimitedNTPCGREENNTPCGREEN	₹76,755 Cr	₹1,06,013 Cr	₹3,285 Cr	₹2,860 Cr	86.6%	₹607 Cr	18.2%	3.3%	2.8%	-32
Nhpc LimitedNHPCNHPC	₹72,073 Cr	₹1,24,207 Cr	₹12,210 Cr	₹5,787 Cr	45.1%	₹3,797 Cr	36.3%	4.4%	9.3%	77
Nlc India LimitedNLCINDIANLCINDIA	₹35,109 Cr	₹62,911 Cr	₹18,381 Cr	₹6,125 Cr	32%	₹3,367 Cr	21.6%	8.2%	17.5%	171
Acme Solar Holdings LimitedACMESOLARACMESOLAR	₹30,577 Cr	₹49,565 Cr	₹2,370 Cr	₹2,058 Cr	88%	₹603 Cr	24.6%	8.5%	10.4%	63
Sjvn LimitedSJVNSJVN	₹22,757 Cr	₹54,860 Cr	₹5,005 Cr	₹3,492 Cr	74%	₹639 Cr	14.2%	5.9%	4.5%	100
Nava LimitedNAVANAVA	₹15,652 Cr	₹17,873 Cr	₹4,310 Cr	₹1,656 Cr	40%	₹756 Cr	24.2%	12.5%	9.6%	178
Juniper Green Energy LimitedJNPRJNPR	₹15,263 Cr	₹28,184 Cr	₹719 Cr	₹606 Cr	84.3%	₹40 Cr	5.6%	—	1.2%	—
Clean Max Enviro Energy Solutions LimitedCLEANMAXCLEANMAX	₹15,234 Cr	₹27,644 Cr	₹1,913 Cr	₹1,132 Cr	59.2%	₹94 Cr	4.5%	6.4%	2.6%	-1,192
Vedanta Power LimitedVEDPOWERVEDPOWER	₹12,814 Cr	₹18,646 Cr	₹5,453 Cr	₹1,040 Cr	19.1%	₹-1,713 Cr	-31.4%	11%	-88.4%	76
Jaiprakash Power Ventures LimitedJPPOWERJPPOWER	₹10,143 Cr	₹13,523 Cr	₹5,756 Cr	₹1,525 Cr	24.6%	₹641 Cr	8.1%	6.9%	3.6%	93
Reliance Power LimitedRPOWERRPOWER	₹8,028 Cr	₹22,840 Cr	₹7,690 Cr	₹2,361 Cr	31%	₹-319 Cr	-4.4%	6.1%	-2.1%	139

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	75	72	438	473	939	1,497
COGS	—	—	327	326	662	1,033
Gross profit	—	—	110	147	277	464
	—	—	39	61	102	144
	—	—	71	86	176	320
OPM %	—	—	16.2%	18.2%	18.7%	21.3%
Depreciation	4	5	5	8	13	28
Interest	5	5	5	13	29	46
	1	1	3	12	20	8
Profit before tax	3	10	64	76	154	254
Tax	2	3	20	18	39	73
Tax %	60.4%	36.2%	31.2%	23.6%	25.1%	28.6%
	1	6	44	58	115	181
PAT margin %	1.5%	8.5%	10%	12.3%	12.3%	12.1%
EPS (₹)	1	5.5	6.6	8.8	17.3	27.1
EPS adjusted (₹)	0.2	0.9	6.6	8.7	17.3	26.8
	0%	0%	10.6%	6.3%	3.5%	3.3%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	11	33	33	34
Reserves	48	49	—	117	152	280	490
Minority interest	25	29	—	—	—	—	—
	31	33	—	40	100	228	386
	145	143	—	177	340	628	1,781
Total equity & liabilities	260	265	—	346	626	1,169	2,691
	81	126	135	144	174	420	542
CWIP	50	11	—	1	1	0	0
Investments	1	4	—	23	22	10	10
	129	124	—	177	429	739	2,139
Total assets	260	265	—	346	626	1,169	2,691

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Infrastructure Development	1,451.69	285.4	2,366.68	2,006.69	359.99	79.28
Sale of Power	35.65	12.03

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	25.2%	31.1%	29.5%	31%
EBITDA margin %	—	—	16.2%	18.2%	18.8%	21.4%
EBIT margin %	—	—	15%	16.4%	17.4%	19.5%
PAT margin %	1.5%	8.5%	10%	12.3%	12.3%	12.1%
Working capital
Receivable days	—	21	48	195	126	41
Inventory days	—	—	96	134	126	471
Payable days	—	—	105	197	180	232
NWC days	—	—	40	132	71	280
Leverage
Current ratio	1.61	2.14	1.22	1.38	1.39	1.2
Debt to EBITDA	—	—	0.57	1.17	1.29	1.21
Debt to equity	0.52	0.55	0.31	0.54	0.73	0.74
Interest coverage	-0.7	-0.6	13	7.1	6.4	6.6
Asset turnover	0.29	0.27	1.27	0.76	0.8	0.56
Return ratios
Return on assets %	0.4%	2.3%	12.7%	9.3%	9.9%	6.7%
Return on capital employed %	-1.9%	-1.6%	33.1%	34.2%	38.3%	38.6%
Return on equity %	1.8%	10.1%	34.2%	31.4%	36.8%	34.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.8%	44.8%	44.8%	45.01%	45.01%	45.01%	45.02%	44.88%	44.88%	44.88%	45.44%	45.31%
	0.26%	0.26%	0.33%	0.37%	0.49%	0.6%	0.8%	0.63%	0.49%	0.49%	0.66%	0.52%
	0%	0%	0%	0%	0.05%	0.91%	0.91%	0.98%	1.04%	1.05%	1%	1.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	54.94%	54.94%	54.87%	54.62%	54.45%	53.48%	53.27%	53.51%	53.59%	53.58%	52.9%	53.14%
No. of shareholders	—	—	—	—	—	—	—	—	63,317	70,070	71,546	76,081

Promoter holding up 0.51 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Farukbhai Gulambhai PatelPromoters	BuyMarket Purchase	3,470	₹14.99 L	44.67% → 44.68%	3 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

47 deals · 21 Sept 2021 – 8 Oct 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Oct 2024	MAVIRA GROWTH OPPORTUNITIES FUND	Bulk	BSE	Buy	4,00,000	₹465.17	₹18.61 Cr
14 Feb 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	1,83,312	₹382.25	₹7.01 Cr
7 Jun 2023	VEENA KOTHARI	Bulk	BSE	Sell	2,06,880	₹217.24	₹4.49 Cr
7 Jun 2023	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	1,29,328	₹220.24	₹2.85 Cr
7 Jun 2023	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	61,827	₹230.84	₹1.43 Cr
19 May 2023	PRASOON HARSHAD BHATT	Bulk	BSE	Sell	1,12,500	₹217.04	₹2.44 Cr
19 May 2023	PRASOON HARSHAD BHATT	Bulk	BSE	Buy	2,500	₹214.50	₹0.05 Cr
12 May 2023	KUNJ ENTERPRISE	Bulk	BSE	Sell	1,26,000	₹185.25	₹2.33 Cr
6 Mar 2023	PRASOON HARSHAD BHATT	Bulk	BSE	Sell	56,157	₹329.22	₹1.85 Cr
24 Nov 2022	VEENA KOTHARI	Bulk	BSE	Buy	79,063	₹412.41	₹3.26 Cr

1–10 of 47

1 / 5

Mrs. Bhadrabala Dhimant JoshiNon-Executive - Non Independent Director-Chairperson
Mr. Faruk G. PatelExecutive Director-MD
Mr. Affan Faruk PatelExecutive Director
Mr. Amit Subhashchandra KhandelwalExecutive Director
Mr. Bhupendra Vadilal ShahNon-Executive - Non Independent Director
Mrs. Venu BirappaNon-Executive - Non Independent Director
Mr. Rajendra Kundanlal DesaiNon-Executive - Independent Director
Mr. Dukhabandhu RathNon-Executive - Independent Director
Mrs. Indu Rao KavetiNon-Executive - Independent Director
Mr. Sunil Kumar MaheshwariExecutive Director
Dr. Alok DasGroup Chief Executive Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in K.p. Energy Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

20

Final dividend22 Sept 2026 · ex-date₹0.25
Interim dividend28 Jan 2026 · ex-date₹0.2
Interim dividend14 Nov 2025 · ex-date₹0.25
Final dividend12 Sept 2025 · ex-date₹0.1
Interim dividend11 Aug 2025 · ex-date₹0.2
Interim dividend18 Feb 2025 · ex-date₹0.2
Interim dividend14 Nov 2024 · ex-date₹0.2
Final dividend7 Oct 2024 · ex-date₹0.1
Interim dividend23 Aug 2024 · ex-date₹0.1
Interim dividend17 Nov 2023 · ex-date₹0.2
Interim dividend21 Aug 2023 · ex-date₹0.25
Interim dividend7 Feb 2023 · ex-date₹0.25
Interim dividend1 Nov 2022 · ex-date₹0.2
Final dividend22 Sept 2022 · ex-date₹0.25
Interim dividend22 Aug 2022 · ex-date₹0.25
Interim dividend24 Jan 2022 · ex-date₹0.25
Interim dividend8 Nov 2021 · ex-date₹0.5
Final dividend18 Sept 2019 · ex-date₹1
Dividend dividend14 Sept 2017 · ex-date₹0.2
Interim dividend9 Feb 2017 · ex-date₹1

1

Board meeting to consider results11 Aug 2026

1

Face value ₹10 → ₹510 Mar 2023 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

37 announcementsExport CSV

1 Oct 2026, 6:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

30 Sept 2026, 3:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

29 Sept 2026, 9:56 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 8:09 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 8:21 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 7:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

22 Sept 2026, 7:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

8 Sept 2026, 7:48 pmCompany Update

Intimation Of Receipt Of Letter Of Intent (LOI) For 21 MW Wind / 21 Mwp Solar Hybrid Power Project Under Group Captive Arrangement

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:51 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 3:20 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation

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Ratio	Mar 2020	Mar 2021	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	25.2%	31.1%	29.5%	31%
EBITDA margin %	—	—	16.2%	18.2%	18.8%	21.4%
EBIT margin %	—	—	15%	16.4%	17.4%	19.5%
PAT margin %	1.5%	8.5%	10%	12.3%	12.3%	12.1%
Working capital
Receivable days	—	21	48	195	126	41
Inventory days	—	—	96	134	126	471
Payable days	—	—	105	197	180	232
NWC days	—	—	40	132	71	280
Leverage
Current ratio	1.61	2.14	1.22	1.38	1.39	1.2
Debt to EBITDA	—	—	0.57	1.17	1.29	1.21
Debt to equity	0.52	0.55	0.31	0.54	0.73	0.74
Interest coverage	-0.7	-0.6	13	7.1	6.4	6.6
Asset turnover	0.29	0.27	1.27	0.76	0.8	0.56
Return ratios
Return on assets %	0.4%	2.3%	12.7%	9.3%	9.9%	6.7%
Return on capital employed %	-1.9%	-1.6%	33.1%	34.2%	38.3%	38.6%
Return on equity %	1.8%	10.1%	34.2%	31.4%	36.8%	34.7%

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-28	-6	19	28	33	162	123
	-40	-18	-9	-21	-70	-241	-212
	69	33	-9	-15	47	101	120
Net cash flow	0	9	4	-8	10	22	31
Free cash flow	—	-6	19	26	-5	-96	-95
CFO / Operating profit %	—	—	—	39.8%	38.6%	91.7%	38.3%

K.p. Energy Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends20

Board meetings1

Stock splits1

Announcements

Dividends20

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Infrastructure Development · revenue

20

1

1

20

1

1