Kpi Green Energy Limited (KPIGREEN)

Loading page…

Kpi Green Energy Limited (KPIGREEN) · mywealthgrid

About

KPI Green Energy operates in power generation within India's utilities sector. With ₹6,306 Cr market cap, the company generated ₹502–795 Cr quarterly revenue in recent periods with net profits of ₹66–155 Cr and operating margins of 35–41%. The 13.78 PE and 16.87% ROE indicate reasonable valuations, though the 37.79% share price decline over one year signals investor concerns.

Face value: ₹5

Market cap

₹6,833 Cr

P/E

14.9×

P/B

2.2×

Dividend yield

0.2%

ROE

16.9%

ROCE

14.7%

Debt / equity

1.49

OPM

35.6%

EPS (TTM)

₹23.2

Book value

₹153.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

D/E ratio of 1.49 creates material leverage vulnerability if interest rates rise or cash flows tighten; verify debt tenure, refinancing terms, and headroom
Quarterly revenue volatility (₹500–795 Cr consolidated, ₹500–663 Cr standalone) with sharp June 2026 decline from prior quarter; confirm whether this reflects seasonal patterns or generation/dispatch issues
Share price fell 37.79% over 1 year to ₹319 from 52-week high of ₹538.8; determine if this is company-specific or reflects broader power-sector pressure
Five dividend payouts in ~12 months suggest cash generation but risk cash retention if capacity expansion requires reinvestment; verify capex needs and payout policy sustainability

Generated analysis · source review pending

Growth drivers

Operating margins of 35–41% in recent quarters show operational efficiency; verify current capacity utilization and whether revenue growth through higher dispatch or new capacity would sustain these margins
Consolidated quarterly net profits of ₹155 Cr (Mar 2026 at 7.36 EPS) form the profit base; verify generation capacity and potential for profitable expansion of volume
ROE of 16.87% indicates capital efficiency; confirm if planned capacity additions are expected to maintain this return and drive shareholder value growth
Indian power sector faces structural demand growth; verify company's competitive positioning, contract terms (PPAs), and capacity to capture sector expansion

Generated analysis · source review pending

1,092 historical price candles were omitted because the exchange source has not been verified.

₹345.6-6.9%1Y

Quick read

rule-based

Pros

+Strong return on equity of 21.7% (3-yr avg)
+Healthy operating margin of 35.6%
+Profit CAGR of 63.2% over the last 3 years
+Revenue CAGR of 61.2% over the last 3 years

Cons

−Low dividend payout of 2.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

64/100

Business quality: 46
Growth: 67
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.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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

Loading peers…

Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	230	644	1,024	1,735	2,696
COGS	94	382	536	914	1,413
Gross profit	136	262	488	821	1,283
	27	53	151	257	324
	109	208	337	564	958
OPM %	47.4%	32.4%	32.9%	32.5%	35.6%
Depreciation	14	23	40	61	133
Interest	37	47	86	79	182
	1	3	7	17	48
Profit before tax	59	142	217	441	691
Tax	16	32	55	116	182
Tax %	27.1%	22.7%	25.5%	26.2%	26.3%
	43	110	162	325	509
PAT margin %	18.8%	17%	15.8%	18.7%	18.9%
EPS (₹)	23.9	30.3	28.2	16.2	24.1
EPS adjusted (₹)	2.9	6.7	8.9	16.2	24.1
	4.2%	9.4%	2.5%	4.9%	3.3%
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	36	60	98	99
Reserves	81	80	80	—	222	775	2,511	2,935
Minority interest	—	—	—	—	0	—	21	239
	34	121	139	—	521	832	1,125	4,532
	28	79	137	—	476	768	1,037	2,077
Total equity & liabilities	161	298	374	—	1,255	2,436	4,792	9,882
	84	203	288	482	801	979	2,361	4,508
CWIP	18	1	1	—	0	101	163	918
Investments	0	0	0	—	2	0	4	199
	59	94	85	—	453	1,355	2,264	4,257
Total assets	161	298	374	—	1,255	2,436	4,792	9,882

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 %
Sales of Power & Solar Power plant	2,694.64	786.45	8,232.77	6,530.75	1,702.02	46.21
Sales of Plot	1.27	0.3

Loading financials…

Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.1%	40.7%	47.6%	47.3%	47.6%
EBITDA margin %	47.4%	32.4%	32.9%	32.5%	35.6%
EBIT margin %	41.2%	28.9%	29%	29%	30.6%
PAT margin %	18.8%	17%	15.8%	18.7%	18.9%
Working capital
Receivable days	—	83	152	122	100
Inventory days	—	158	227	186	374
Payable days	—	217	284	168	118
NWC days	—	24	96	140	356
Leverage
Current ratio	—	1.2	1.49	2.76	1.64
Debt to EBITDA	—	2.5	2.47	2	4.73
Debt to equity	—	2.02	1	0.43	1.49
Interest coverage	2.6	4	3.5	6.6	4.8
Asset turnover	—	0.51	0.42	0.36	0.27
Return ratios
Return on assets %	—	8.7%	6.6%	6.8%	5.2%
Return on capital employed %	—	21.4%	25%	18.9%	14.7%
Return on equity %	—	42.5%	19.3%	12.5%	16.8%

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.

Loading ratios…

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
	54.83%	53.08%	53.08%	53.09%	48.77%	48.78%	48.78%	48.67%	48.67%	49.25%	49.49%	49.4%
	4.24%	5.96%	5.59%	6.06%	9.95%	8.78%	8.04%	8.26%	9.16%	8.67%	8.25%	8.15%
	0%	2.09%	0.63%	0.33%	1.55%	1.88%	1.65%	0.81%	0.77%	0.64%	0.64%	0.68%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	40.93%	38.87%	40.7%	40.52%	39.73%	40.56%	41.53%	42.26%	41.4%	41.44%	41.62%	41.77%
No. of shareholders	—	—	—	—	—	—	—	—	3,12,709	3,05,430	3,11,134	3,09,275

Promoter holding down 5.43 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Farukbhai Gulambhai PatelPromoters	BuyMarket Purchase	5,000	₹24.84 L	48.62% → 48.62%	2 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.

23 deals · 6 Jul 2022 – 11 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Aug 2026	JAINAM BROKING LIMITED	Bulk	NSE	Buy	10,00,700	₹347.79	₹34.80 Cr
11 Aug 2026	JAINAM BROKING LIMITED	Bulk	NSE	Sell	200	₹350.00	₹0.01 Cr
31 Dec 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	15,01,320	₹499.56	₹75.00 Cr
31 Dec 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	14,98,956	₹499.80	₹74.92 Cr
31 Dec 2025	QE SECURITIES LLP	Bulk	NSE	Sell	13,31,900	₹498.13	₹66.35 Cr
31 Dec 2025	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	13,21,311	₹499.20	₹65.96 Cr
31 Dec 2025	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	13,21,311	₹499.50	₹66.00 Cr
31 Dec 2025	QE SECURITIES LLP	Bulk	NSE	Buy	13,01,705	₹499.09	₹64.97 Cr
31 Dec 2025	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	12,25,449	₹499.64	₹61.23 Cr
31 Dec 2025	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	12,25,449	₹499.47	₹61.21 Cr

1–10 of 23

1 / 3

Mr. FARUK G. PATELExecutive Director-Chairperson related to Promoter-MD
Mr. MOHMED SOHIL YUSUFBHAI DABHOYAExecutive Director
Mr. RAJESH SHRIVASTAVAExecutive Director
Mrs. BHADRABALA DHIMANT JOSHINon-Executive - Non Independent Director
Mr. AMIT SUBHASHCHANDRA KHANDELWALNon-Executive - Non Independent Director
Mrs. VENU BIRAPPANon-Executive - Independent Director
Mr. SHARADCHANDRA BABHUTABHAI PATILNon-Executive - Independent Director
Mr. MOHAMED HANIF MOHAMED HABIB DALCHAWALNon-Executive - Independent Director
Mr. SHANKER BAHERIANon-Executive - Independent Director
Mr. TEJPALSINGH JAGATSINGH BISHTNon-Executive - Independent Director
Mr. SATYA GOPAL

Loading shareholding…

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.

Loading f&o…

Fund holders

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

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.13%

of the company's equity

All mutual funds

0.14%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2.52 L	7.67	0.31%	0.127%	-5,516
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	12,781	0.39	0.83%	0.006%	+1,506
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	1,724	0.05	0.01%	0.001%	+8
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	287	0.01	0.01%	0%	-0

Loading fund holders…

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 PPTREC
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.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

57 announcementsExport CSV

1 Oct 2026, 6:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management

Loading announcements…

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.1%	40.7%	47.6%	47.3%	47.6%
EBITDA margin %	47.4%	32.4%	32.9%	32.5%	35.6%
EBIT margin %	41.2%	28.9%	29%	29%	30.6%
PAT margin %	18.8%	17%	15.8%	18.7%	18.9%
Working capital
Receivable days	—	83	152	122	100
Inventory days	—	158	227	186	374
Payable days	—	217	284	168	118
NWC days	—	24	96	140	356
Leverage
Current ratio	—	1.2	1.49	2.76	1.64
Debt to EBITDA	—	2.5	2.47	2	4.73
Debt to equity	—	2.02	1	0.43	1.49
Interest coverage	2.6	4	3.5	6.6	4.8
Asset turnover	—	0.51	0.42	0.36	0.27
Return ratios
Return on assets %	—	8.7%	6.6%	6.8%	5.2%
Return on capital employed %	—	21.4%	25%	18.9%	14.7%
Return on equity %	—	42.5%	19.3%	12.5%	16.8%

Date	Category	Subject	Filing
1 Oct 2026, 6:47 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 3:16 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
30 Sept 2026, 10:19 am	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
30 Sept 2026, 10:12 am	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
29 Sept 2026, 9:52 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 8:27 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
29 Sept 2026, 3:26 pm	Company Update General	Receipt Of Work Order Worth Approx. Rs. 2,025 Crore For 500 MW / 550 Mwp Solar EPC Project From NACOF Oorja Private Limited	PDF
28 Sept 2026, 8:39 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-17	40	-3	102	159	-57	208	424
	-15	-119	-63	-189	-309	-387	-1,587	-4,071
	33	87	77	91	177	562	1,807	3,643
Net cash flow	1	8	11	4	27	118	427	-4
Free cash flow	—	—	—	-89	-152	-144	-1,297	-2,611
CFO / Operating profit %	—	—	—	93.7%	76.4%	-17%	36.9%	44.3%

Kpi Green Energy Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

1

17

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Revenue from Sales of Plot · revenue

Kpi Green 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

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Upcoming and recent1

Dividends17

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Revenue from Sales of Plot · revenue

1

17

1