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KPI Green Energy (KPIGREEN) had a P/E of 12.7× on 6 Nov 2026, below the industry P/E of 45.8×, and the shares are 43% below their 52-week high. Sales and net profit grew 61% and 63% a year over 3 years; its ROCE of 11% is the second-highest among the 7 largest Utilities (Renewable) peers. Debt is 1.59× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹5,819 Cr, ranked 9th of 18 Utilities (Renewable) companies by market cap; the shares fell 45% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹293.00
Day high
₹296.55
Day low
₹283.15
Prev. close
₹293.30
Volume
5.4 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsBehind

    −44.9% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 12.7 vs industry 45.8.

  • GrowthStrong

    Sales +61.2%, profit +63.1% a year over 3 years.

  • ProfitabilityAverage

    ROCE 11.1% vs peer median 5.8%.

  • Balance sheetStretched

    Debt 1.59× equity, interest covered 4.9×, Piotroski 4 of 9.

  • Red flags3 to check

    Debt is 1.59× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Renewable

17 listed peers. Screen the industry

Small cap

₹5,819 Cr, #9 of 18 in its industry by size.

Moves with the market

Beta 0.84 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹2,787 Cr · profit ₹458 Cr
Market cap
₹5,819 Cr
Small cap
P/E
12.7
Industry 45.8
Price to book
1.92
Peers 3.18
Dividend yield
0.34%
ROE
17.4%
Peers 7.3%
ROCE
11.1%
Peers 5.8%
Debt to equity
1.59
Debt ₹5,197 Cr
EPS (TTM)
₹23.10
Face value ₹5
OPM (TTM)
35.8%
Net margin 16.4%
Sales growth
+15.1%
Latest quarter vs a year ago
Profit growth
−15.0%
Latest quarter vs a year ago
Price to sales
2.09
EV/EBITDA 10.5

Strengths and risks

Strengths

  • Quarterly sales up 15.1% on a year ago.
  • P/E of 12.7 against an industry P/E of 45.8.

Risks to check

  • Debt is 1.59× equity.
  • Quarterly profit down 15.0% on a year ago.
  • 43% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About KPI Green Energy

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 the 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…

Headquarters
Surat
Employees
710
Sector
Utilities
ISIN
INE542W01025
Website
kpigreenenergy.com

Price range

52 weeks

₹271.90₹515.65

Today

₹283.15₹296.55
Avg volume (3M)
18.7 L
1-year return
minus 44.9%
From 52-week high
minus 42.9%

Peers · Utilities - Renewable

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIGREENAdani Green Energy1,424.10plus 0.65%2,34,574129.530.66.3%90.8%3.7516.6%plus 30.2%
ENRINSiemens Energy India2,809.00minus 1.75%1,00,03467.263.429.2%21.5%0.04–minus 11.9%
NHPCNHPC82.08plus 1.84%82,45019.123.75.8%46.1%1.132.0%minus 4.2%
NTPCGREENNTPC Green Energy82.63minus 1.27%69,627107.340.52.9%87.5%1.92156.2%minus 16.9%
ACMESOLARACME Solar Holdings394.95minus 3.17%27,88334.224.87.0%86.5%3.3016.0%plus 49.0%
SJVNSJVN57.15minus 0.70%22,45922.716.45.0%67.8%2.2514.6%minus 34.1%
CLEANMAXClean Max Enviro Energy Solutions1,259.70minus 1.32%14,81581.421.84.9%58.4%2.3227.1%plus 45.2%
KPIGREENKPI Green Energy294.40plus 0.38%5,81912.710.611.1%35.8%1.5961.2%minus 44.9%
Median of 7 peers–−1.27%69,62767.224.85.8%67.8%2.2516.3%−4.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
603634663796694
397409427505448
206226236291246
34.1%35.6%35.6%36.6%35.4%
11.26.813.214.416
38.24348.552.679.7
29.531.63338.750.9
––2.6−0–
149158170214131
25.4%26.1%26.0%27.3%27.7%
11111712614594.6
5.285.505.947.344.32

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+61.2%
Profit CAGR 3Y
+63.1%
EPS CAGR 3Y
+54.6%
ROE
17.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6441,0241,7352,696
–+59.0%+69.5%+55.3%
4356871,1741,737
209337562959
32.5%33.0%32.4%35.6%
−0.50.510.527.8
43.680.772.1176
22.640.460.5133
−0.50.11.412.6
142217441691
22.7%25.5%26.2%26.3%
110162320476
–+47.5%+97.7%+49.0%
6.509.4116.0924.04

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
36.160.398.498.7
2227752,3252,935
6761,0361,4755,197
3225648941,651
1,2552,4364,7929,882
8011,0002,6256,244
0.31013461,815
5.920.1198143
53.5170428812
3951,1451,195868
1,2552,4364,7929,882

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
159−57.5241482
−309−387−2,098−4,129
1775621,8073,643
26.8118−50.6−3.9
−312−187−1,505−3,035
−152−244−1,264−2,553
−5.5−1.8−11.8−16.9

Shareholding pattern

Source: NSE filings
49.4%
promoters
  • Promoters49.40%
  • Public50.60%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202649.40%50.60%0.00
30 Jun 202649.40%50.60%minus 0.09
31 Mar 202649.49%50.51%0.00
18 Feb 202649.49%50.51%plus 0.24
31 Dec 202549.25%50.75%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you