KPI Green Energy Limited (KPIGREEN) AI Stock Analysis

• Market Cap: ₹94.55B
• Dividend Yield: 0.2%
• Average Volume (3M): 64.98K
• Price to Earnings (P/E): 26.4
• Beta (1Y): 2.03
• Revenue Growth: 68.31%
• EPS Growth: 61.93%
• Country: IN
• Employees: 238
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 5.27
• Shares Outstanding: 197,341,080
• 10 Day Avg. Volume: 79,408
• 30 Day Avg. Volume: 64,981
• PEG Ratio: 0.35
• Price to Book (P/B): 3.38
• Price to Sales (P/S): 4.72
• P/FCF Ratio: -7.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹513.00
• Price Target Upside: 7.08% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: ₹513.00 ▲(7.08% Upside)

KPI Green Energy Limited's overall stock score is driven by strong financial performance, particularly in revenue growth and profitability. However, technical analysis indicates potential bearish momentum, and the high P/E ratio suggests valuation concerns. The lack of earnings call and corporate events data limits additional insights. The stock is positioned for growth, but careful monitoring of leverage and cash flow is crucial.

KPI Green Energy Limited Business Overview & Revenue Model

Company Description

KPI Green Energy Limited generates and sells solar power under Solarism brand name in India. It develops, builds, owns, operates, and maintains solar power plants as an independent power producer and captive power producer, as well as sells land parcels to third parties. The company was formerly known as K.P.I. Global Infrastructure Limited and changed its name to KPI Green Energy Limited in April 2022. The company was incorporated in 2008 and is based in Surat, India.

How the Company Makes Money

KPIGREEN generates revenue through multiple streams, primarily by offering consulting services for energy efficiency and renewable energy project development. The company charges fees for its consultancy work, which includes feasibility studies, project design, and implementation support. Additionally, KPIGREEN earns income from the sale and installation of renewable energy systems such as solar panels and wind turbines. Long-term revenue is also generated from power purchase agreements (PPAs) where KPIGREEN sells the electricity produced from its own renewable energy installations to customers at a fixed rate. Partnerships with government agencies and private corporations further enhance its revenue capabilities, allowing KPIGREEN to access grants and incentives aimed at promoting renewable energy initiatives.

KPI Green Energy Limited Financial Statement Overview

Summary

KPI Green Energy Limited demonstrates strong financial performance with impressive revenue growth and profitability metrics. The balance sheet is well-capitalized but has notable leverage that warrants monitoring. Cash flow performance is impacted by heavy capital expenditure, typical in high-growth industries. Overall, the financial trajectory is positive, but careful management of debt and cash flow is essential.

Income Statement

KPI Green Energy Limited has shown substantial growth in total revenue over the years, particularly impressive in its recent annual results with a revenue growth of 69.5% from 2024 to 2025. The company maintains a strong Gross Profit Margin, reaching 47.3% in 2025. Additionally, both EBIT and EBITDA margins are robust at 44.3% and 32.5%, respectively. The Net Profit Margin is also solid at 18.4% for 2025. These figures indicate strong profitability and operational efficiency, with a consistent upward revenue trajectory, bolstering its competitive position in the renewable utilities industry.

Balance Sheet

The balance sheet of KPI Green Energy reflects a stable equity position with an Equity Ratio of 54.4% in 2025, indicating a well-capitalized structure. However, the Debt-to-Equity Ratio stands at 56.5%, highlighting significant leverage which could pose risks if interest rates rise or cash flows falter. Return on Equity is commendable at 12.2%, showing effective use of equity capital to generate profits. Overall, the balance sheet demonstrates a mix of stability with some leverage-related risks.

Cash Flow

The cash flow position presents a mixed picture. While the Operating Cash Flow to Net Income Ratio is positive at 0.65, indicating reasonable cash conversion, the Free Cash Flow is negative due to substantial capital expenditures, which are typical for growth in the renewable sector. However, the Free Cash Flow to Net Income Ratio is concerning as it remains negative, suggesting potential liquidity challenges. Despite growth investments, maintaining sustainable cash flow will be crucial for future financial health.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.90B	17.35B	10.24B	6.44B	2.30B	1.04B
Gross Profit	9.14B	8.21B	3.92B	2.34B	1.22B	712.08M
EBITDA	6.37B	5.64B	3.38B	2.08B	1.10B	629.27M
Net Income	3.58B	3.20B	1.62B	1.10B	432.45M	143.55M
Balance Sheet
Total Assets	0.00	47.92B	24.36B	12.55B	7.77B	4.81B
Cash, Cash Equivalents and Short-Term Investments	5.97B	5.97B	1.70B	535.22M	269.30M	216.83M
Total Debt	0.00	14.75B	10.36B	6.76B	4.46B	3.17B
Total Liabilities	-26.30B	21.62B	16.00B	9.97B	6.24B	3.68B
Stockholders Equity	26.30B	24.23B	8.36B	2.58B	1.54B	1.12B
Cash Flow
Free Cash Flow	0.00	-11.27B	-2.44B	-1.07B	-882.59M	-664.12M
Operating Cash Flow	0.00	2.08B	-574.91M	1.59B	1.02B	-28.80M
Investing Cash Flow	0.00	-15.87B	-3.87B	-3.09B	-1.89B	-631.14M
Financing Cash Flow	0.00	18.07B	5.62B	1.77B	909.81M	773.02M

KPI Green Energy Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 479.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KPIGREEN, the sentiment is Positive. The current price of 479.1 is above the 20-day moving average (MA) of 452.64, below the 50-day MA of 480.73, and above the 200-day MA of 457.52, indicating a neutral trend. The MACD of -6.91 indicates Negative momentum. The RSI at 58.75 is Neutral, neither overbought nor oversold. The STOCH value of 86.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KPIGREEN.

KPI Green Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
KPIGREEN	64 Neutral	₹94.55B	26.35	―	0.20%	68.31%	61.93%
WEBELSOLAR	62 Neutral	₹51.75B	26.01	―	―	397.23%	―
INOXGREEN	59 Neutral	₹94.10B	246.80	―	―	14.36%	3.96%
BORORENEW	54 Neutral	₹85.11B	―	―	―	4.94%	-328.07%
SWSOLAR	45 Neutral	₹52.96B	51.96	―	―	112.24%	-474.43%

KPI Green Energy Limited Corporate Events

KPI Green Energy Secures High Credit Rating for Proposed Green Bonds

KPI Green Energy Limited announced that ICRA Limited has assigned a Provisional [ICRA]AA+(CE) (Stable) rating to its proposed non-convertible debentures, also known as ‘Green Bonds.’ This rating reflects the company’s robust financial performance and growth in FY2025, driven by increased execution of CPP/EPC orders and the commissioning of additional independent power producer capacity. The company’s consolidated revenue and profitability have shown significant improvement, with expectations of continued growth in FY2026, indicating a strong market position and positive outlook for stakeholders.

KPI Green Energy Secures Approval for 76.22 MW Renewable Projects

KPI Green Energy Limited has announced the receipt of charging approval for 76.22 MW of solar and wind-solar hybrid power projects under its Captive Power Producer segment. This approval marks a significant step in the company’s operations, as it enhances its capacity to deliver renewable energy solutions to its clients, including its subsidiary, Sun Drops Energia Private Limited.

KPI Green Energy Expands with New SPV Incorporation

KPI Green Energy Limited has announced the incorporation of a new Special Purpose Vehicle (SPV) named KPIN Clean Power Two LLP, approved by the Ministry of Corporate Affairs. The SPV aims to generate and distribute power using renewable energy sources, marking a strategic step in the company’s expansion within the renewable energy sector.

KPI Green Energy Announces Trading Window Closure Ahead of Financial Results

KPI Green Energy Limited has announced the closure of its trading window in compliance with SEBI regulations, ahead of the declaration of its unaudited financial results for the quarter ending June 30, 2025. This move is a standard procedure to prevent insider trading and maintain transparency, reflecting the company’s adherence to regulatory norms and its commitment to ethical governance.