KPIGREENPower

KPI Green Energy Limited

Power Generation · ISIN INE542W01025 · BSE 542323 · NSE EQ · FV ₹5
Last price
₹297
+3.72%today
What this company does

KPI Green Energy Limited operates in Power Generation, part of the Power sector. It booked ₹694 cr of revenue in its latest quarter (Q1 FY27) and kept 12.3% of sales as profit.

In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 7–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns54

How much profit it earns on the money it employs

Balance sheet59

How much it owes, and whether earnings cover the interest

Cash quality5

Whether reported profit actually arrives as cash

Growth & consistency98

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk59

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 15% vs last year
✓ Promoters hold 49%
✓ Turns profit into real cash
Watch-outs
! Profit down 18% vs last year
! 44.7% of promoter stake pledged
! Carries high debt (D/E 1.4)

What if I invest in KPIGREEN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹297▲ +3.72%
latest close · 2026-11-04
52-wk low ₹27274 sessions so far52-wk high ₹414
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.1Average
LowAverageHigh
P/B ratio1.93Moderate
Below bookModerateHigh
EV / EBITDA9.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.3%Fair
WeakFairStrong ▸15%
Return on capital10.7%Fair
WeakFairStrong
Net margin12.3%Decent
ThinDecentStrong
EBITDA margin37.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.38High
LowModerateHigh ▸1
Interest cover2.6×Okay
RiskyOkayStrong ▸5×
Current ratio1.64Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,868 cr
Book value
₹153
EPS
₹4.34
latest quarter
Net debt
₹4,416 cr
owes more than its cash
Enterprise value
₹10,284 cr
EBITDA
₹1,046 cr
annualised
EBIT
₹842 cr
annualised
Operating margin
30.4%
Return on assets
3.5%
Earnings yield
5.85%
P/S
2.11
Sales / share
₹140.4
Tax rate
27.7%
Face value
₹5
Shares
19.8 cr
Working capital
₹1,304 cr
Current assets
₹3,345 cr
Current liabilities
₹2,041 cr
Delivery %
44.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹172 vs market price ₹297 — price is 73% above it
Safety cushion-72.6%(target ≥ +20%)
Models span ₹164–₹181, midpoint ₹172
Model ₹172
Price ₹297
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹694 cr
Other Income₹16 cr
Total Income₹710 cr
Cost of Materials₹362 cr
Purchases of Stock-in-Trade₹13.5 L
Inventory Change (±)₹80.1 L
Employee Benefit Expense₹15 cr
Finance Costs₹80 cr
Depreciation & Amortisation₹51 cr
Other Expenses₹70 cr
Total Expenses₹579 cr
Profit before Tax₹131 cr
Tax Expense₹36 cr
Net Profit₹95 cr
Net margin on total income13.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹363 cr51.2%
Employee benefit expense₹15 cr2.2%
Finance costs₹80 cr11.2%
Depreciation & amortisation₹51 cr7.2%
Other expenses₹70 cr9.8%
Tax expense₹36 cr5.1%
Profit for the period₹95 cr13.3%
Total income ₹710 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue663 cr796 cr694 cr
Total income676 cr810 cr710 cr
Expenses509 cr596 cr579 cr
Profit before tax170 cr214 cr131 cr
Tax44 cr59 cr36 cr
Net profit (owners' share)118 cr145 cr86 cr
Net margin (owners' share, on revenue)17.8%18.3%12.3%
EPS (₹)5.977.364.34
YoY (latest quarter): total income +15.6% · net profit -17.6%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹9,882 cr
Shareholder equity
₹3,034 cr
parent shareholders
Total debt
₹4,532 cr
Cash
₹116 cr
Cash flow · H1 FY26
Operating
₹274 cr
Investing
₹-1,017 cr
Financing
₹975 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹322₹3.12 L cr11.1
Adani Green Energy Limited₹1,339₹2.21 L cr83.7
JSW Energy Limited₹503₹92,127 cr21.8
NHPC Limited₹79₹79,758 cr18.2
NTPC Green Energy Limited₹82₹69,408 cr128.7
NLC India Limited₹230₹31,936 cr16.5
Acme Solar Holdings Limited₹413₹29,122 cr25.8
SJVN Limited₹56₹21,913 cr8.3
NAVA LIMITED₹515₹14,601 cr13.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.29%
trailing 12 months
Dividend / share (TTM)
₹0.85
Last dividend
₹0.15
ex 22 Sep 2026
ActionDetailEx-date
Dividend₹0.15 / share22 Sep 2026
Dividend₹0.25 / share22 Sep 2026
Dividend₹0.2 / share28 Jan 2026
Dividend₹0.25 / share14 Nov 2025
Dividend₹0.2 / share12 Sep 2025
Dividend₹0.2 / share11 Aug 2025
Who owns it · 2026-09-30
⚑ 44.7% pledged
Promoter
49.4%
FII / Foreign
7.3%
DII / Domestic
0.6%
Retail / others
42.7%
Promoter stake up 0.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldDHIMANTRAI CHANDRASHANKER JOSHI · Directors Immediate Relative7.25 L · ₹22.0 cr3 Sep 26
SoldDHIMANTRAI CHANDRASHANKER JOSHI · Directors Immediate Relative25,00024 Aug 26
SoldDHIMANTRAI CHANDRASHANKER JOSHI · Directors Immediate Relative25,00024 Aug 26
Bulk / block deals
short— · NSE130 Sep 26
short— · NSE129 Sep 26
short— · NSE1,00021 Sep 26
Stake changes
BoughtQuyosh Energia Private Limited · promoter→ 0.81%18 Feb 26
BoughtSBICAP Trustee Company Limited→ 22.19% · 2.91 cr30 Sep 24
SoldSBICAP Trustee Company Limited→ 0.00% · 2.91 cr30 Sep 24
Promoter pledges
PledgedLender: State bank of India, Security Trustee: SBICAP Trustee Company Ltd, Appointed by SBI as A scurity trustee2.91 cr · 0.00% held30 Sep 24
ReleasedLender: State bank of India, Security Trustee: SBICAP Trustee Company Ltd, Appointed by SBI as A scurity trustee2.91 cr · 22.19% held30 Sep 24
ReleasedLender: State Bank of India (SBI)1.33 L · 27.61% held12 Dec 22
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2026
See the official result
1
Adoption of the Audited Standalone & Consolidated Financial Statements for the financial year ended March 31, 2026 and Reports of Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.52 cr votes for, 959 against · 0% of mutual funds and other big investors said no
2
To confirm the payment of Interim Dividends during the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
2.52 cr votes for, 959 against · 0% of mutual funds and other big investors said no
3
To declare the final dividend for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
2.52 cr votes for, 959 against · 0% of mutual funds and other big investors said no
4
To appoint a director in place of Mrs. Bhadrabala Dhimantrai Joshi (DIN: 07244587), who retires by rotation and being eligible offers herself for reappointment
Backed by 99% of shareholders other than promotersneeded 50%
2.50 cr votes for, 1.98 L against · 2% of mutual funds and other big investors said no
8
To approve the payment of remuneration to the Non-Executive Director(s), including Independent Director(s), of the Company:
⚑ Passed only because promoters voted yes
Backed by 64% of shareholders other than promotersneeded 75%
1.61 cr votes for, 91.25 L against · 86% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 49.4% between them · as of 2026-09-30
FARUKBHAI GULAMBHAI PATEL48.54%
QUYOSH ENERGIA PRIVATE LIMITED0.81%
GULAMMAHMAD ALIBHAI PATEL0.03%
RASHIDA GULAM PATEL0.03%
AAYESHA FARUKBHAI PATELno shares
AFFAN FARUK PATELno shares
VAHIDABANU FARUK PATELno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹3 cr to companies in the promoter group last year — about 0.2% of its ₹1,735 cr revenue.
Farukbhai Gulambhai Patel
Other payments to them · Managerial Remuneration , Advance Given for purchase of property, Advance received back given for pucrchase of Property and Loan Repaid
also owns 48.54% of the company
₹3 cr
company paid

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹475 cr raised in Feb 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 25% of what it set aside, leaving ₹356 cr still to be spent. India Ratings and Research Private Limited watches the spending on the exchange’s behalf.

Development of Existing and Upcoming IPP Projects
50%
₹119 cr of ₹238 cr
Working Capital Requirements
0%
₹0 cr of ₹119 cr
General Corporate Purposes
0%
₹0 cr of ₹119 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.