KPI Green Energy Limited (KPIGREEN) AI Stock Analysis

• Market Cap: ₹101.59B
• Dividend Yield: 0.14%
• Average Volume (3M): 101.07K
• Price to Earnings (P/E): 28.3
• Beta (1Y): 1.93
• Revenue Growth: 68.31%
• EPS Growth: 61.93%
• Country: IN
• Employees: 238
• Sector: Energy
• Sector Strength: 43
• Industry: Renewable Utilities
• EPS (TTM): 5.27
• Shares Outstanding: 197,341,080
• 10 Day Avg. Volume: 127,905
• 30 Day Avg. Volume: 101,072
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹577.00
• Price Target Upside: 11.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: ₹577.00 ▲(11.97% Upside)

KPI Green Energy's stock score is driven by strong financial performance and positive technical trends. Despite high valuation metrics, the company's growth potential in the renewable sector supports its robust score. The absence of recent earnings call data and notable corporate events limits additional insights.

KPI Green Energy Limited Business Overview & Revenue Model

Company Description

KPI Green Energy Limited (KPIGREEN) is an Indian company primarily engaged in the development and operation of renewable energy projects. The company focuses on solar power generation and offers comprehensive solutions from project development, engineering, procurement, and construction to operations and maintenance. KPIGREEN aims to contribute to sustainable energy production by leveraging advanced technology and efficient project management in the renewable energy sector.

How the Company Makes Money

KPIGREEN primarily generates revenue through the sale of electricity generated from its solar power plants. The company enters into long-term power purchase agreements (PPAs) with commercial and industrial customers, as well as government entities, ensuring a stable and predictable revenue stream. Additionally, KPIGREEN may earn from providing engineering, procurement, and construction (EPC) services for solar power projects. The company benefits from favorable government policies and incentives promoting renewable energy, which enhance its profitability and expansion capabilities.

KPI Green Energy Limited Financial Statement Overview

Summary

KPI Green Energy Limited demonstrates strong financial performance with significant revenue growth and solid profitability metrics. The balance sheet is stable but has a notable leverage that requires monitoring. Cash flows are affected by high capital expenditures typical in the sector, indicating potential liquidity challenges. Overall, the financial health is positive, though careful debt and cash flow management will be crucial.

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	Mar 2025	Mar 2023	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	17.35B	6.44B	10.24B	2.30B	1.04B
Gross Profit	8.21B	2.34B	3.92B	1.22B	712.08M
EBITDA	5.64B	2.08B	3.38B	1.05B	629.27M
Net Income	3.20B	1.10B	1.62B	432.45M	143.55M
Balance Sheet
Total Assets	47.92B	12.55B	24.36B	7.77B	4.81B
Cash, Cash Equivalents and Short-Term Investments	5.97B	535.22M	1.70B	269.30M	216.83M
Total Debt	14.75B	6.76B	10.36B	4.46B	3.17B
Total Liabilities	21.62B	9.97B	16.00B	6.24B	3.68B
Stockholders Equity	26.09B	2.58B	8.36B	1.54B	1.12B
Cash Flow
Free Cash Flow	-11.27B	-1.07B	-2.44B	-882.59M	-902.35M
Operating Cash Flow	2.08B	1.59B	-574.91M	1.02B	-28.80M
Investing Cash Flow	-15.87B	-3.09B	-3.87B	-1.89B	-631.14M
Financing Cash Flow	18.07B	1.77B	5.62B	909.81M	773.02M

KPI Green Energy Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 515.30
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 515.3 is below the 20-day moving average (MA) of 528.09, below the 50-day MA of 515.51, and above the 200-day MA of 468.09, indicating a neutral trend. The MACD of 0.88 indicates Positive momentum. The RSI at 48.01 is Neutral, neither overbought nor oversold. The STOCH value of 33.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	75 Outperform	₹101.59B	28.32		0.14%	68.31%	61.93%
WEBELSOLAR	65 Neutral	₹60.09B	30.20		―	397.23%	―
Sector *	56 Neutral	C$4.17B	2.02	16.25%	5.62%	10.63%	-50.60%
BORORENEW	55 Neutral	₹77.82B	―		―	7.96%	-48.06%
INOXGREEN	52 Neutral	₹57.90B	266.42		―	5.32%	-39.19%
SWSOLAR	45 Neutral	₹64.75B	59.27		―	108.08%	―

KPI Green Energy Limited Corporate Events

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.