KPI Green Energy Limited (KPIGREEN) AI Stock Analysis

• Market Cap: ₹76.23B
• Dividend Yield: 0.2%
• Average Volume (3M): 64.98K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 1.33
• Revenue Growth: 70.67%
• EPS Growth: 59.54%
• Country: IN
• Employees: 238
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 7.60
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 44.1
• Revenue Forecast (FY): ₹41.48B

• Rating: 66 Neutral
• Price Target: ₹380.00 ▼(-19.98% Downside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is primarily supported by strong financial performance driven by rapid revenue growth and healthy profitability, offset by cash-flow strain from negative free cash flow and balance-sheet leverage. Technical indicators are bearish (below key moving averages with negative MACD), which meaningfully reduces the overall score, while valuation is only moderately supportive given the P/E and minimal dividend yield.

Positive Factors

Revenue & Margins

Sustained high revenue growth paired with strong gross and operating margins indicates durable demand and efficient project execution. This combination supports long-term cash generation potential and competitive pricing flexibility across owned generation and EPC services over the next several quarters.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow from heavy capex creates structural liquidity pressure; the company may need recurring external financing to fund growth. Over months this raises execution and refinancing risk and can constrain flexibility for maintenance or opportunistic investments.

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 p...

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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 p...

How the Company Makes Money

KPI Green Energy makes money primarily through (1) selling electricity generated from its solar power plants and (2) providing solar project execution/services. For power generation, revenue is earned by supplying electricity from company-owned/op...

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KPI Green Energy makes money primarily through (1) selling electricity generated from its solar power plants and (2) providing solar project execution/services. For power generation, revenue is earned by supplying electricity from company-owned/op...

KPI Green Energy Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	22.65B	17.35B	10.24B	6.44B	2.30B	1.04B
Gross Profit	10.19B	8.21B	3.92B	2.34B	1.22B	712.08M
EBITDA	7.35B	5.64B	3.38B	2.08B	1.10B	629.27M
Net Income	4.05B	3.20B	1.62B	1.10B	432.45M	143.55M
Balance Sheet
Total Assets	61.64B	47.92B	24.36B	12.55B	7.77B	4.81B
Cash, Cash Equivalents and Short-Term Investments	8.46B	5.97B	1.70B	535.22M	269.30M	216.83M
Total Debt	25.33B	14.75B	10.36B	6.76B	4.46B	3.17B
Total Liabilities	32.93B	21.62B	16.00B	9.97B	6.24B	3.68B
Stockholders Equity	26.50B	24.23B	8.36B	2.58B	1.54B	1.12B
Cash Flow
Free Cash Flow	-3.07B	-11.27B	-2.44B	-1.07B	-882.59M	-664.12M
Operating Cash Flow	2.74B	2.08B	-574.91M	1.59B	1.02B	-28.80M
Investing Cash Flow	-10.17B	-15.87B	-3.87B	-3.09B	-1.89B	-631.14M
Financing Cash Flow	9.75B	18.07B	5.62B	1.77B	909.81M	773.02M

KPI Green Energy Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 474.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 474.9 is above the 20-day moving average (MA) of 370.80, above the 50-day MA of 391.66, and above the 200-day MA of 458.83, indicating a neutral trend. The MACD of -3.86 indicates Negative momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 68.19 is Neutral, 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
KPIGREEN	66 Neutral	₹76.23B	22.48	―	0.20%	70.67%	59.54%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	65 Neutral	₹32.22B	14.56	―	―	152.12%	―
WAAREERTL	62 Neutral	₹89.22B	21.02	―	―	63.07%	74.37%
INOXGREEN	54 Neutral	₹58.04B	79.81	―	―	24.33%	66.14%
BORORENEW	49 Neutral	₹58.17B	18.86	―	―	7.68%	-114.23%
SWSOLAR	43 Neutral	₹38.72B	-446.21	―	―	112.24%	-474.43%