About
KPI Green Energy Limited operates as an independent power producer that focuses on the development, construction, ownership, operation, and maintenance of renewable energy projects under Solarism brand name in India. The company operates through the Sale of Power & Plant and Sale of Plots segments. It also operates as a captive power producer that offers customized renewable energy solutions. In addition, the company offers solar, wind, and hybrid energy solutions, as well as battery energy storage systems. Further, it provides land tracts 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. KPI Green Energy Limited was incorporated in 2008 and is based in Surat, India.
Key Metrics
as of Sep 2026Market Cap6,064 Cr
P/E13.30
Div Yield0.21 %
Book Value₹154.00
52w High₹542.00
52w Low₹301.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 502.00 | 592.00 | 511.00 | 501.00 | 386.00 | 488.00 | 483.00 | 310.00 | 310.00 | 168.00 | 275.00 | 171.00 | 110.00 |
| Expenses | 301.00 | 346.00 | 314.00 | 314.00 | 238.00 | 354.00 | 361.00 | 228.00 | 203.00 | 103.00 | 189.00 | 117.00 | 68.00 |
| Operating Profit | 201.00 | 246.00 | 197.00 | 187.00 | 148.00 | 135.00 | 122.00 | 82.00 | 107.00 | 65.00 | 86.00 | 54.00 | 42.00 |
| OPM % | 40.00 | 42.00 | 39.00 | 37.00 | 38.00 | 28.00 | 25.00 | 27.00 | 35.00 | 39.00 | 31.00 | 32.00 | 38.00 |
| Other Income | 13.00 | 11.00 | 12.00 | 6.00 | 10.00 | 5.00 | 7.00 | 1.00 | 1.00 | 3.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 46.00 | 34.00 | 28.00 | 26.00 | 26.00 | 14.00 | 13.00 | 13.00 | 13.00 | 10.00 | 9.00 | 9.00 | 8.00 |
| Interest | 75.00 | 49.00 | 45.00 | 39.00 | 34.00 | 12.00 | 11.00 | 19.00 | 25.00 | 22.00 | 21.00 | 16.00 | 17.00 |
| Profit before tax | 93.00 | 174.00 | 135.00 | 128.00 | 97.00 | 114.00 | 105.00 | 51.00 | 71.00 | 35.00 | 58.00 | 30.00 | 17.00 |
| Tax % | 29.00 | 27.00 | 27.00 | 26.00 | 26.00 | 25.00 | 27.00 | 28.00 | 26.00 | 27.00 | 29.00 | 21.00 | 23.00 |
| Net Profit | 67.00 | 127.00 | 99.00 | 95.00 | 72.00 | 86.00 | 77.00 | 37.00 | 53.00 | 26.00 | 41.00 | 24.00 | 13.00 |
| EPS in Rs | 3.37 | 6.43 | 4.99 | 4.82 | 3.66 | 4.36 | 3.91 | 1.87 | 2.91 | 1.43 | 2.25 | 1.46 | 0.82 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,990.00 | 1,592.00 | 724.00 | 488.00 | 219.00 | 102.00 | 59.00 | 34.00 | 32.00 | 26.00 | 27.00 | 0.00 |
| Expenses | 1,212.00 | 1,146.00 | 477.00 | 334.00 | 113.00 | 38.00 | 32.00 | 19.00 | 13.00 | 8.00 | 13.00 | 0.00 |
| Operating Profit | 778.00 | 446.00 | 247.00 | 154.00 | 106.00 | 64.00 | 27.00 | 15.00 | 19.00 | 17.00 | 15.00 | 0.00 |
| OPM % | 39.00 | 28.00 | 34.00 | 32.00 | 49.00 | 62.00 | 46.00 | 45.00 | 59.00 | 68.00 | 54.00 | — |
| Other Income | 39.00 | 14.00 | 5.00 | 3.00 | 1.00 | 0.00 | 0.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 167.00 | 68.00 | 76.00 | 37.00 | 36.00 | 25.00 | 8.00 | 4.00 | 3.00 | 2.00 | 1.00 | 0.00 |
| Depreciation | 114.00 | 52.00 | 35.00 | 19.00 | 14.00 | 16.00 | 7.00 | 4.00 | 8.00 | 2.00 | 3.00 | 0.00 |
| Profit before tax | 535.00 | 340.00 | 141.00 | 101.00 | 58.00 | 23.00 | 12.00 | 13.00 | 8.00 | 14.00 | 12.00 | 0.00 |
| Tax % | 27.00 | 26.00 | 26.00 | 22.00 | 23.00 | 36.00 | 46.00 | 31.00 | 2.00 | 40.00 | 33.00 | — |
| Net Profit | 393.00 | 252.00 | 104.00 | 78.00 | 45.00 | 15.00 | 6.00 | 9.00 | 7.00 | 8.00 | 8.00 | 0.00 |
| EPS in Rs | 19.90 | 12.82 | 5.74 | 4.82 | 2.74 | 0.89 | 0.40 | 0.55 | 0.63 | 1.63 | 2.42 | 0.00 |
| Dividend Payout % | 5.00 | 6.00 | 4.00 | 13.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 99.00 | 98.00 | 60.00 | 36.00 | 18.00 | 18.00 | 18.00 | 18.00 | 13.00 | 6.00 | 4.00 | 0.05 |
| Reserves | 2,426.00 | 1,898.00 | 688.00 | 192.00 | 137.00 | 94.00 | 80.00 | 81.00 | 36.00 | 26.00 | 10.00 | 0.00 |
| Borrowings | 5,280.00 | 1,512.00 | 977.00 | 600.00 | 352.00 | 286.00 | 139.00 | 40.00 | 44.00 | 31.00 | 14.00 | 0.00 |
| Other Liabilities | 1,181.00 | 603.00 | 381.00 | 207.00 | 174.00 | 51.00 | 61.00 | 22.00 | 14.00 | 20.00 | 26.00 | 12.00 |
| Total Liabilities | 8,985.00 | 4,112.00 | 2,106.00 | 1,035.00 | 682.00 | 450.00 | 298.00 | 161.00 | 107.00 | 83.00 | 54.00 | 12.00 |
| Fixed Assets | 4,017.00 | 1,898.00 | 704.00 | 673.00 | 403.00 | 297.00 | 203.00 | 84.00 | 49.00 | 58.00 | 31.00 | 0.00 |
| CWIP | 916.00 | 163.00 | 78.00 | 0.00 | 0.00 | 3.00 | 1.00 | 18.00 | 34.00 | 8.00 | 1.00 | 0.00 |
| Investments | 500.00 | 343.00 | 214.00 | 67.00 | 66.00 | 22.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 3,551.00 | 1,708.00 | 1,110.00 | 295.00 | 213.00 | 128.00 | 94.00 | 59.00 | 25.00 | 17.00 | 21.00 | 12.00 |
| Total Assets | 8,985.00 | 4,112.00 | 2,106.00 | 1,035.00 | 682.00 | 450.00 | 298.00 | 161.00 | 107.00 | 83.00 | 54.00 | 12.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 315.00 | 450.00 | -135.00 | 107.00 | 122.00 | 19.00 | 30.00 | -17.00 | 7.00 | 9.00 | 14.00 | 0.00 |
| Cash from Investing Activity | -3,996.00 | -1,545.00 | -373.00 | -288.00 | -153.00 | -130.00 | -109.00 | -15.00 | -29.00 | -36.00 | -25.00 | 0.00 |
| Cash from Financing Activity | 3,704.00 | 1,442.00 | 591.00 | 206.00 | 29.00 | 122.00 | 87.00 | 33.00 | 23.00 | 25.00 | 14.00 | 0.00 |
| Net Cash Flow | 23.00 | 347.00 | 82.00 | 24.00 | -3.00 | 11.00 | 8.00 | 1.00 | 0.00 | -2.00 | 3.00 | 0.00 |
| Free Cash Flow | -2,671.00 | -882.00 | -283.00 | -182.00 | 4.00 | -93.00 | -79.00 | -32.00 | -23.00 | -27.00 | -11.00 | 0.00 |
| CFO/OP % | 44.00 | 108.00 | -52.00 | 74.00 | 115.00 | 32.00 | 117.00 | -101.00 | 47.00 | 65.00 | 97.00 | — |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116.00 | 101.00 | 153.00 | 40.00 | 57.00 | 178.00 | 175.00 | 143.00 | 150.00 | 17.00 | 30.00 | — |
| Inventory Days | 434.00 | — | — | — | — | — | — | — | — | 203.00 | — | — |
| Days Payable | 137.00 | — | — | — | — | — | — | — | — | 208.00 | — | — |
| Cash Conversion Cycle | 413.00 | 101.00 | 153.00 | 40.00 | 57.00 | 178.00 | 175.00 | 143.00 | 150.00 | 12.00 | 30.00 | — |
| Working Capital Days | 85.00 | 113.00 | 130.00 | -8.00 | 50.00 | 151.00 | -30.00 | 388.00 | 104.00 | 38.00 | 89.00 | — |
| ROCE % | 12.00 | 16.00 | 17.00 | 21.00 | 21.00 | 15.00 | 11.00 | 9.00 | 14.00 | 35.00 | — | 0.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 28 Jan 2026 | 28 Jan 2026 | — | 0.20 | |
| Dividend | 14 Nov 2025 | 14 Nov 2025 | — | 0.25 | |
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 0.20 | |
| Dividend | 11 Aug 2025 | 11 Aug 2025 | — | 0.20 | |
| Dividend | 18 Feb 2025 | 18 Feb 2025 | — | 0.20 | |
| Bonus | 03 Jan 2025 | 03 Jan 2025 | 1:2 | — | |
| Dividend | 14 Nov 2024 | 14 Nov 2024 | — | 0.20 | |
| Dividend | 04 Oct 2024 | 04 Oct 2024 | — | 0.20 | |
| Other | 17 Sep 2024 | — | — | — | Annual General Meeting |
| Dividend | 21 Aug 2024 | 21 Aug 2024 | — | 0.20 | |
| Split | 18 Jul 2024 | 18 Jul 2024 | 10:5 | — | |
| Bonus | 15 Feb 2024 | 15 Feb 2024 | 1:2 | — | |
| Dividend | 20 Oct 2023 | 20 Oct 2023 | — | 0.25 | |
| Other | 21 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 22 Aug 2023 | 22 Aug 2023 | — | 0.25 | |
| Dividend | 20 Feb 2023 | 20 Feb 2023 | — | 0.20 | |
| Bonus | 18 Jan 2023 | 18 Jan 2023 | 1:1 | — | |
| Dividend | 31 Oct 2022 | 31 Oct 2022 | — | 0.25 | |
| Other | 20 Sep 2022 | — | — | — | Annual General Meeting |
| Dividend | 22 Aug 2022 | 23 Aug 2022 | — | 0.30 | |
| Dividend | 12 May 2022 | 16 May 2022 | — | 2.10 | |
| Other | 12 May 2022 | 16 May 2022 | — | — | Interim Dividend Rs - 2.10 Per Share |
| Dividend | 24 Jan 2022 | 25 Jan 2022 | — | 0.40 | |
| Dividend | 11 Nov 2021 | 12 Nov 2021 | — | 0.60 | |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Mar from icra
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Rating update16 Sep 2025 from icra
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Rating update15 Sep 2025 from crisil
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Rating update20 Aug 2025 from icra
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Rating update8 Aug 2025 from icra
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Rating update5 Aug 2025 from crisil