KPI Green Energy Limited

NSE: KPIGREEN · Power Generation

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52W Range₹271 – ₹529

Snapshot

Unlock KPI Green Energy Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

KPI Green Energy Limited is an Indian power generation company that develops, owns, and operates solar power plants under the Solarism brand. The company functions as both an independent power producer and a captive power producer, while also engaging in the sale of land parcels.

Business Model

The company generates revenue through the sale of solar power and the provision of engineering, procurement, and construction services for solar projects. Additionally, it monetises land assets by selling parcels to third-party clients.

Growth Outlook

Growth is driven by the increasing demand for renewable energy in India and the expansion of its solar power generation capacity. The company continues to leverage its position as a captive power producer to capture industrial demand.

Key Risks

  • Regulatory Risk. Changes in government policies, subsidies, or tariffs related to solar energy could adversely impact the company's profitability.
  • Project Execution Risk. Delays in land acquisition, infrastructure development, or supply chain disruptions may hinder the timely commissioning of solar projects.
  • Concentration Risk. Heavy reliance on the solar power sector exposes the company to fluctuations in solar equipment pricing and grid connectivity challenges.
  • Interest Rate Risk. As a capital-intensive business, the company is sensitive to fluctuations in interest rates which affect the cost of financing new solar installations.

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Key Metrics

REVENUE

₹2,787 Cr

TTM · consolidated

+40.0%YoY

NET PROFIT

₹493 Cr

TTM · consolidated

+32.9%YoY

EPS

₹23.20

TTM · consolidated

+4.0%YoY

RETURN ON EQUITY

17.5%

TTM · consolidated

+3.3 ppYoY

RETURN ON CAPITAL EMPLOYED

15.1%

TTM · consolidated

+0.3 ppYoY

P/E

14.9×

Q1 FY27 · consolidated

14.9 vs 12.4x5Y avg

EV/EBITDA

10.8x

Q1 FY27 · consolidated

10.8 vs 28.7x5Y avg

EBITDA MARGIN

37.6%

TTM · consolidated

+4.1 ppYoY

NET PROFIT MARGIN

13.6%

Q1 FY27 · consolidated

-4.9 ppYoY

DEBT TO EQUITY

1.5x

Q1 FY27 · consolidated

+1.06xYoY

Peers · Power Generation

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
KPI Green Energy LimitedKPIGREEN
₹6,920 Cr14.9×10.8140.0%37.6%17.5%15.1%-22.5%
Reliance Power Ltd.RPOWER
₹8,698 Cr-25.5×8.142.9%35.6%-2.0%4.9%-57.5%
GMR Power And Urban Infra LimitedGMRP&UI
₹7,664 Cr12.6×9.3115.8%27.0%47.0%18.9%-10.9%
Inox Green Energy Services LimitedINOXGREEN
₹7,018 Cr51.1×33.4616.1%75.0%6.6%9.6%-22.7%
RattanIndia Power LimitedRTNPOWER
₹3,818 Cr32.1×9.83-6.5%25.5%2.4%6.1%-41.5%
Gujarat Industries Power Company LimitedGIPCL
₹2,975 Cr5.4×7.1323.8%52.8%13.7%6.8%-3.9%

As of Q1 FY27

Financials