KPI Green share price today

KPI Green Energy Ltd's share price was ₹296.85 at the close on 4 November 2026. It has been falling for 49 weeks. That is 20.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹277 and ₹503, and at that close it sat 9% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today KPI Green Energy Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

Over the last 7.8 years the share price moved +3,455% while the NIFTY 500 moved +146%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹95 crore, -14.4% on a year earlier (₹111 crore), after 10 quarters of growth.

   Why: Profit fell because newly commissioned power plants added depreciation, the wear and tear cost of the plants, and interest on borrowed money before their full earnings came through.

   Next results: check whether the new plants generate enough to cover their upfront interest and depreciation.

   From the earnings call on 12 Aug 2026.

2. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹694 crore, +15.1% on a year earlier.

   Why: Revenue rose because the company's power plants generated much more electricity than a year earlier.

   Next results: check whether delayed institutional billing converts in the next quarter.

   From the earnings call on 12 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), KPI Green reported revenue of ₹694 crore, up 15.1% from ₹603 crore a year earlier, and a profit of ₹95.0 crore, down 14.4% from ₹111 crore.

KPI Green results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

KPI Green's management discussed these results on a call held on 12 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

KPI Green closed at ₹296.85 on 4 November 2026, down 41.0% from ₹503.40 a year earlier (7 November 2025) and up 1,275.6% over five years. Its highest weekly close since January 2019 was ₹709.33 on 9 August 2024.

KPI Green share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

402 weekly closes from 25 January 2019 to 4 November 2026.

4 Nov 2026: KPI Green closed at ₹296.85, up 7.0% on the week and down 14.1% on the month. 22 Sep 2026: ex-date for a dividend + special dividend of ₹0.40 a share.

Earlier

• 12 Aug 2026: KPI Green held its results call for April to June 2026. Management guided: FY27 revenue growth at 30-40% as the conservative baseline; 50-60% possible if geopolitical conditions settle.
• Results for April to June 2026: Revenue up 15.1% and profit down 14.4% on a year earlier.
• 28 Jan 2026: ex-date for an interim dividend of ₹0.20 a share.
• 14 Nov 2025: ex-date for an interim dividend of ₹0.25 a share.
• 3 Jan 2025: Bonus issue: 1 new share for every 2 held (ex-date).
• 18 Jul 2024: Share split: face value cut from ₹10 to ₹5 a share (ex-date).

KPI Green paid ₹0.70 a share in regular dividends in the 12 months to 5 November 2026 (3 payments), a yield of 0.24% at the ₹296.85 close on 4 November 2026. The last was a dividend + special dividend of ₹0.40 a share, ex-date 22 September 2026.

KPI Green dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. KPI Green Energy Ltd paid out 4% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 11 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 12 August 2026, KPI Green's management guided: FY27 revenue growth at 30-40% as the conservative baseline; 50-60% possible if geopolitical conditions settle.

“As we commission new IPP capacity, the associated depreciation and interest are recognized upfront, while the full revenue and earnings contribution of these assets materializes progressively over the year. - Salil Yaqub”CFO, on the call for April to June 2026

What management guided

• FY27 profit margin below the earlier framework; absolute profit expected to grow, with H2 covering part of the Q1-Q2 gap.
• IPP annual generation above 390 crore units at full run rate; revenue above ₹1,000 crore next financial year and around ₹1,600 crore at peak.
• Major IPP projects planned for September completion; peak capacity expected in Q3/Q4 and plant stabilization by FY28.
• IPP operating profit at 85-90% and IPP mix around 20% of revenue.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 12 August 2026.

When KPI Green reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: FY27 revenue delivery against the conservative stance - check whether delayed institutional billing converts in the next quarter.

KPI Green is on 3 of our India lists: Undervalued stocks, 52 week high & low and Power & green energy stocks.

KPI Green Energy Ltd earned ₹95.0 Cr of net profit in the Jun 2026 quarter, −14.4% on the same quarter a year earlier. Full-year FY26 profit was ₹509 Cr. Over 10 years profit has grown 51.5% a year on average. That is 13.7% of the quarter's revenue. The same quarter a year earlier earned ₹111 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹509 Cr (+56.6% on the year before).

Why profit moved: revenue changed +15.1% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +37.5% and revenue +44.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

KPI Green Energy Ltd reported ₹694 Cr of revenue in the Jun 2026 quarter, +15.1% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 58.5% a year on average. The last full year, FY26, came in at ₹2,696 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,787 Cr.

FY26 revenue was ₹2,696 Cr, +55.4% on the year before.

Recent pace: the last four quarters grew +44.0% on average, against 58.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +40.1%, against +53.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +33.2%, against +59.0% a year (rolling over).

KPI Green Energy Ltd's operating margin was 35.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 11 years it has been between 32.0% and 68.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.3 percentage points on the year while gross margin changed +2.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 67% of KPI Green Energy Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹482 Cr of operating cash against ₹509 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹3,035 Cr of spending on assets, free cash was −₹2,553 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 67% of profit came in as cash: the cash cycle got 78 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 20.8× depreciation over three years. The next section checks what that spending is building.

KPI Green Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 100 days in FY26, down from 178 days in FY21. It spent ₹4,859 Cr on assets over the last 3 years. Customers take 100 days to pay, and stock sits for 374 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,696 Cr, each day of that cycle ties up about ₹7.4 Cr, so roughly ₹739 Cr is tied up in the business at any time.

FY26: customers took 100 days to pay and stock sat for 374 days, about 12.3 months of sales sitting as stock, for a full cycle of 100 days, shorter than FY21's 178.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 374 days. Customers pay about 100 days after that. Suppliers are paid at 118 days. Together that makes the 100-day cycle.

Spending on assets: ₹4,859 Cr over the last 3 years, against ₹234 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹918 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

KPI Green Energy Ltd's P/E is 12.9×, near the low end of its own history: it has been lower only 6% of the time. Its usual P/E (the middle reading) is 22.0×, over 6.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +48.7% while the price moved −41.0%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +68.9% a year; about +76.5% a year came from earnings growth and about −7.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 9.4% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

KPI Green Energy Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +73.5% at its peak to +40.1%, but the business is still expanding, with ROCE falling at 14.0%. This is based on 8 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

KPI Green Energy Ltd earned a ROCE of 14% in FY26. That is up from a low of 0% in FY12. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 18.9% net margin and 0.27× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 18.9% net margin × 0.27× asset turnover × 3.26× leverage (assets divided by equity) ≈ 16.6% on equity. The margin does most of the work; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 9.4% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

KPI Green Energy Ltd had ₹5,197 Cr of borrowings against ₹3,034 Cr of equity in FY26, so its debt is 1.71× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹240 Cr to ₹5,197 Cr. Over the last 3 of those years it spent ₹4,859 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 9.4% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Foreign institutions cut their stake in KPI Green Energy Ltd by 1.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 7.3% of the company. Domestic institutions moved −1.3 points over the same period, to 0.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −1.5 points over 8 quarters, to 7.3%; Domestic institutions: −1.3 points over 8 quarters, to 0.6%; Promoters: +0.6 points over 8 quarters, to 49.4%.

Why the owners changed: foreign institutions drove it (−1.5 points), together with domestic institutions (−1.3 points). They reduced their stake.

For KPI Green Energy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

51.5 out of 100, rank 10 of 21 in Power - Generation/Distribution, with 78% of the evidence available.

KPI Green Energy Ltd scores 51.5 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 19.9 + 17.1 + 13.4 + 1.1 = 51.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

KPI Green ranks 10 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 51.5 out of 100.