āagman

Not investment advice. Data and computed figures, for information only.

KPI Green Energy Ltd

NSE: KPIGREEN
₹321.85
−₹3.45 (−1.06%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,430 Cr
CMP
₹321.85
52-wk High / Low
₹542 / 272
P/E
14.1
P/B
2.1
Book Value
₹154.0
Div Yield
0.28%
ROCE
14.0%
ROE
16.9%
Face Value
₹5
D/E
1.71

Price−27.3% over 1Y

āagman read

Computed by āagman
Derived from 8 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹289
√(22.5 × EPS × book value per share)
ROIC
7.4%
vs 5.8% sector median
Cash flow to profit
0.95
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+128
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
16.2%
ROE × earnings retention ratio
ROE stability
10.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.08FII −0.08DII +0.03
Latest quarter vs the previous one
Cash-accrual divergence
0.4%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 14% vs the 2026 sector median of 9%)
+FII holding rose by 5.6pp over the last year
+PE of 14.1x is below the sector median of 25.7x
Watch-outs
−Price trades below its 200-day moving average (0.8x)
−Price is 40.6% below its 52-week high
−Promoter holding fell by 5.4pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales189215330289348360458569603634663796694
Expenses120144227196216226322408397409427505448
Operating Profit697110493132134137161206226236291246
OPM %36.5%33.0%31.5%32.2%37.9%37.2%29.9%28.3%34.2%35.6%35.6%36.6%35.4%
Other Income11130188117161416
Interest20182325282315143843485380
Depreciation9101011141515163032333951
Profit before tax414472609197115139149158170214131
Net Profit3335514366708510411111712615595
EPS (₹)2.052.142.802.383.663.554.295.045.275.535.977.364.33

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 8 years + TTM
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales34591022306441,0241,7352,6962,787
Expenses1932441214356871,1741,7381,789
Operating Profit152758109208337561958998
OPM %44.1%45.8%56.9%47.4%32.3%32.9%32.3%35.5%35.8%
Other Income600137204853
Interest481637478679182224
Depreciation471314234061133154
Profit before tax13123059142217441691673
Net Profit962243110162325509493
EPS (₹)0.550.401.352.666.748.9416.2324.1323.19

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1818181836609899—
Reserves81801021362227752,3252,935—
Borrowings401392404466761,0361,4755,197—
Other Liabilities2261491773225648941,651—
Total Liabilities1612984097771,2552,4364,7929,882—
Fixed Assets842132444828019792,3614,508—
CWIP18121310101163918—
Investments0000204199—
Other Assets59851442644531,3552,2644,257—
Total Assets1612984097771,2552,4364,7929,882—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−1740−27102159−57241482
Cash from Investing Activity−15−119−63−189−309−387−2,098−4,129
Cash from Financing Activity3387101911775621,8073,643
Net Cash Flow1811427118−51−4

Ratios

As of 31 Mar 2026
8 periods
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—11.016.020.025.022.017.014.0
ROE %———————16.9
EPS (₹)0.550.401.352.666.748.9416.2324.13
Book Value (₹)———————154.0
Face Value (₹)———————5
P/E———————14.1
Div Yield %———————0.28
NPM %22.510.221.618.617.015.718.518.5
OPM %45.046.057.047.032.033.032.036.0
D/E0.401.422.002.902.621.240.611.71
P/B———————2.1

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+92.0%
3 years+61.0%
TTM+40.0%
Compounded profit growth
5 years+84.0%
3 years+61.0%
TTM+27.0%
Stock price CAGR
5 years+84.0%
3 years+19.0%
Last year−27.0%
Return on equity
5 years21.0%
3 years19.0%
Last year17.0%

Shareholding pattern

As of 30 Sep 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters51.10%51.10%51.47%52.69%54.52%54.81%53.08%48.78%49.49%49.41%
FIIs0.00%0.00%0.00%0.00%2.77%2.54%5.60%8.05%8.24%8.16%
DIIs3.25%3.25%0.00%0.00%0.00%0.00%0.63%1.64%0.64%0.67%
Government——————————
Public45.65%45.65%48.53%47.31%42.71%42.64%40.69%41.52%41.63%41.75%
No. of shareholders6916916997039,57542,5121,54,8943,21,9093,11,1343,09,275
Change since Jun 2023 (pp)
Promoters −1.69FIIs +8.16DIIs −2.58Public −3.90

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-AcquisitionAnnouncement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Investor PresentationAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Acquisition
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2026PPTAug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 22 Sep 2026
22 Sep 2026DIVIDENDDividend - Rs 0.25 Per Share/Special Dividend - Re 0.15 Per Share—
28 Jan 2026DIVIDENDInterim Dividend - Re 0.20 Per Share—
14 Nov 2025DIVIDENDInterim Dividend - Rs 0.25 Per Share—
12 Sep 2025DIVIDENDDividend - Re 0.20 Per Share—
11 Aug 2025DIVIDENDInterim Dividend - Re 0.20 Per Share—
18 Feb 2025DIVIDENDInterim Dividend - Re 0.20 Per Share—
3 Jan 2025BONUSBonus 1:2—
14 Nov 2024DIVIDENDInterim Dividend - Rs 0.20 Per Share—
4 Oct 2024DIVIDENDDividend - Re 0.20 Per Share—
21 Aug 2024DIVIDENDInterim Dividend - Re 0.20 Per Share—
18 Jul 2024SPLITFace Value Split (Sub-Division) - From Rs10/- Per Share To Rs 5/- Per Share10 : 5
15 Feb 2024BONUSBonus 1:2—
20 Oct 2023DIVIDENDInterim Dividend - Re 0.25 Per Share—
22 Aug 2023DIVIDENDInterim Dividend - Re 0.25 Per Share—
20 Feb 2023DIVIDENDInterim Dividend - Re 0.20 Per Share—
18 Jan 2023BONUSBonus 1:1—
31 Oct 2022DIVIDENDInterim Dividend - Re 0.25 Per Share—
22 Aug 2022DIVIDENDInterim Dividend - Re 0.30 Per Share—
12 May 2022DIVIDENDInterim Dividend Rs - 2.10 Per Share—
24 Jan 2022DIVIDENDInterim Dividend - Rs 0.40 Per Share—
11 Nov 2021DIVIDEND Interim Dividend - Rs 0.60 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman