# KPI Green share price today (KPI Green Energy Ltd, NSE: KPIGREEN)

> KPI Green share price today: ₹286.20 at the NSE close on 3 November 2026, down 46.6% in a year. KPI Green Energy (NSE: KPIGREEN) is worth ₹5,663 crore, trades at a P/E of 12.4 and has closed between ₹277.35 and ₹503.40 over the past 52 weeks. > KPI Green Energy Ltd's earnings have grown faster than its share price. Earnings per share grew +48.7% in a year while the price moved −46.6%. KPIGREEN · Power - Generation/Distribution · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/kpi-green-energy-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹286.20 (−46.6% in a year)
- P/E: 12.4× (lower than 95% of the last 6.3 years)
- Revenue (Jun 2026): ₹694 Cr (+15.1% on a year ago)
- Profit (Jun 2026): ₹95.0 Cr (−14.4% on a year ago)
- Operating margin: 35.0% (+1.0 points on a year ago)
- ROCE: 14%, FY26
- Profit that came in as cash: 67%, last 3 years

The main question: yearly earnings per share moved +48.7% while the share price moved −46.6%. ## What is the KPI Green share price today? KPI Green Energy Ltd's share price was ₹286.20 at the close on 3 November 2026. It has been falling for 49 weeks. That is 23.7% 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 4% of the way up from that low. 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 +3,328% 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. ## What changed at KPI Green this quarter? 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. ## What are KPI Green's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹694 crore | ₹603 crore | +15.1% |
| Profit | ₹95.0 crore | ₹111 crore | −14.4% |
| Earnings per share | ₹4.33 | ₹5.27 | −17.8% |
| Operating margin | 35.0% | 34.0% | +1.0 points |

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.)

## What is the KPI Green share price history? KPI Green closed at ₹286.20 on 3 November 2026, down 46.6% from ₹535.50 a year earlier (31 October 2025) and up 1,226.2% over five years. Its highest weekly close since January 2019 was ₹709.33 on 9 August 2024. ### KPI Green share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹287.40 | −0.4% |
| 1 month ago · 1 Oct 2026 | ₹345.60 | −17.2% |
| 6 months ago · 30 Apr 2026 | ₹448.40 | −36.2% |
| 1 year ago · 31 Oct 2025 | ₹535.50 | −46.6% |
| 3 years ago · 3 Nov 2023 | ₹192.71 | +48.5% |
| 5 years ago · 4 Nov 2021 | ₹21.58 | +1,226.2% |
| Earliest weekly close in our records · 25 Jan 2019 | ₹8.35 | +3,327.5% |
| Highest weekly close since January 2019 · 9 Aug 2024 | ₹709.33 | −59.7% |
| Lowest weekly close since January 2019 · 9 Apr 2020 | ₹2.45 | +11,581.6% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹503.40 | −43.1% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹277.35 | +3.2% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (402 weekly closes from 25 January 2019 to 3 November 2026.)

## What is the latest news on KPI Green? 3 Nov 2026: KPI Green closed at ₹286.20, down 0.4% on the week and down 17.2% 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). ## What dividend does KPI Green pay? KPI Green paid ₹0.70 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 0.24% at the ₹286.20 close on 3 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 22 Sep 2026 | ₹0.40 | Dividend + Special | same day |
| 28 Jan 2026 | ₹0.20 | Interim | same day |
| 14 Nov 2025 | ₹0.25 | Interim | same day |
| 12 Sep 2025 | ₹0.20 | Dividend | same day |
| 11 Aug 2025 | ₹0.20 | Interim | same day |
| 18 Feb 2025 | ₹0.20 | Interim | same day |
| 14 Nov 2024 | ₹0.20 | Interim | same day |
| 4 Oct 2024 | ₹0.20 | Dividend | same day |
| 21 Aug 2024 | ₹0.20 | Interim | same day |
| 20 Oct 2023 | ₹0.25 | Interim | same day |
| 22 Aug 2023 | ₹0.25 | Interim | same day |
| 20 Feb 2023 | ₹0.20 | Interim | same day |
| 31 Oct 2022 | ₹0.25 | Interim | same day |
| 22 Aug 2022 | ₹0.30 | Interim | 23 Aug 2022 |
| 12 May 2022 | not readable | Dividend | 16 May 2022 |
| 24 Jan 2022 | ₹0.40 | Interim | 25 Jan 2022 |
| 11 Nov 2021 | ₹0.60 | Interim | 12 Nov 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹0.15 Special dividends, last 12 months

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 4 November 2026.)

## What did KPI Green management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/35142/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 12 August 2026.)

## What to watch in KPI Green's next results? 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. - What to check (from the call)
- FY27 revenue delivery against the conservative stance - check whether delayed institutional billing converts in the next quarter. - Profit recovery in H2 as IPP plants stabilize - check whether generation absorbs upfront interest and depreciation. - CPP margin recovery under geopolitical cost pressure - check steel, cables, logistics and customer pass-through. - IPP commissioning cadence and BESS financial closure - check conversion of the development pipeline into recurring generation. ## Which stock lists is KPI Green on? KPI Green is on 3 of our India lists: Undervalued stocks, 52 week high & low and Power & green energy stocks. - [Undervalued stocks Profit growth x: 1.3324324324324324](https://www.sectoralpha.in/markets/in/deep-value-stocks)
- [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Power & green energy stocks Group on the list: Renewable power producers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is KPI Green profitable? 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. 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. ## How much revenue does KPI Green make, and is it growing? 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. 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). ## How much of every ₹100 of sales does KPI Green keep? 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. 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. ## Is KPI Green's profit turning into cash? 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. 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. ## Where does KPI Green's cash go? 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. 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. ## What is KPI Green's P/E ratio, and how does it compare with its own history? KPI Green Energy Ltd's P/E is 12.4×, near the low end of its own history: it has been lower only 5% 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. Why the multiple is where it is: over the past year earnings per share moved +48.7% while the price moved −46.6%. 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 +67.7% a year; about +76.5% a year came from earnings growth and about −8.8 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. ## Is the KPI Green business getting better or worse? 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. 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. ## How much does KPI Green earn on its capital? 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). 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. ## Does KPI Green have too much debt? 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. 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. ## What is the KPI Green shareholding pattern? 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. 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. ## How far is KPI Green from balance-sheet trouble? 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. ## How does KPI Green rank in its industry? 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. ## Which companies is KPI Green compared with? KPI Green ranks 10 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 51.5 out of 100. 1. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ACMESOLAR · leader · Most evidence points up · 83% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 53.7% · Profit 57.5% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 8.9% · Operating margin 85% · 100% evidence Valuation 9.3/20 · P/E 38.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 48.7% · Lead over NIFTY 500 37.1% · 1 year 43.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.3 + 20 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ADANIPOWER · quiet · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 17.2% · Profit 58.7% · Operating margin change 4 points · 100% evidence Capital efficiency 17.9/25 · ROCE 17.2% · Operating margin 42% · 100% evidence Valuation 7.9/20 · P/E 20× · PEG 1.83 · 100% evidence Relative strength 13.4/20 · Lead over its industry 17.8% · Lead over NIFTY 500 8% · 1 year 19.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.1 + 17.9 + 7.9 + 13.4 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) GIPCL · breaking out · Evidence leans up · 81% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 23.7% · Profit 100% · Operating margin change 18 points · 88% evidence Capital efficiency 8.1/25 · ROCE 5.5% · Operating margin 48% · 100% evidence Valuation 11.2/20 · P/E 4.9× · PEG 2.55 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 6% · 1 year -12.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.6 + 8.1 + 11.2 + 12 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) JSWENERGY · quiet · Evidence leans up · 82% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 26.4% · Profit 24.4% · Operating margin change -1 points · 95% evidence Capital efficiency 13.6/25 · ROCE 8.2% · Operating margin 57% · 76% evidence Valuation 7.8/20 · P/E 38.9× · PEG n/a · 50% evidence Relative strength 14.3/20 · Lead over its industry 10.5% · Lead over NIFTY 500 1.6% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 13.6 + 7.8 + 14.3 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ADANIGREEN · turning · Evidence leans up · 75% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 21.2% · Profit -3.3% · Operating margin change 2 points · 95% evidence Capital efficiency 14.1/25 · ROCE 7.4% · Operating margin 89% · 76% evidence Valuation 8.7/20 · P/E 109× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 25.5% · Lead over NIFTY 500 15.2% · 1 year 13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 14.1 + 8.7 + 15.9 = 55.1 · What this means: Relative strength against the index is 15.2%, and revenue and profit growth are weak. 6. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) NTPC · quiet · Evidence leans up · 82% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 7.4% · Profit 24.8% · Operating margin change 0 points · 95% evidence Capital efficiency 14.1/25 · ROCE 8.9% · Operating margin 29% · 76% evidence Valuation 11.8/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 12.4/20 · Lead over its industry 2.7% · Lead over NIFTY 500 -5.5% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 14.1 + 11.8 + 12.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) SJVN · quiet · Evidence leans up · 93% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 99% · Profit 77.6% · Operating margin change -12 points · 100% evidence Capital efficiency 11.5/25 · ROCE 5.7% · Operating margin 71% · 100% evidence Valuation 14.8/20 · P/E 21.2× · PEG 0.29 · 65% evidence Relative strength 3.3/20 · Lead over its industry -14% · Lead over NIFTY 500 -20.9% · 1 year -39.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 11.5 + 14.8 + 3.3 = 54.6 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.4%. 8. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) NTPCGREEN · quiet · Evidence leans up · 83% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 49.3% · Profit 8.6% · Operating margin change 2 points · 100% evidence Capital efficiency 11.8/25 · ROCE 3.6% · Operating margin 88% · 100% evidence Valuation 8.8/20 · P/E 106× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.7% · Lead over NIFTY 500 -8.7% · 1 year -20.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 11.8 + 8.8 + 11 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) NHPC · turning · Evidence leans up · 96% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 12% · Profit 24% · Operating margin change 6 points · 88% evidence Capital efficiency 9.1/25 · ROCE 5.8% · Operating margin 62% · 100% evidence Valuation 4.3/20 · P/E 20.6× · PEG 3.32 · 100% evidence Relative strength 17.7/20 · Lead over its industry 14.3% · Lead over NIFTY 500 5.4% · 1 year -8.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.8 + 9.1 + 4.3 + 17.7 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. KPI Green Energy Ltd this page KPIGREEN · quiet · Evidence leans up · 78% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 40% · Profit 33.2% · Operating margin change 1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 13.7% · Operating margin 35% · 76% evidence Valuation 13.4/20 · P/E 12× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -25.7% · 1 year -48.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.9 + 17.1 + 13.4 + 1.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) JPPOWER · quiet · Evidence leans down · 78% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) RTNPOWER · basing · Evidence leans down · 66% evidence 44.9 out of 100 Growth Capital Valuation Relative
13. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) CESC · quiet · Evidence leans down · 78% evidence 44.7 out of 100 Growth Capital Valuation Relative
14. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) GREENPOWER · basing · Evidence leans down · 71% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) TATAPOWER · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
16. [NLC India Ltd](https://www.sectoralpha.in/stocks/nlc-india-ltd) NLCINDIA · quiet · Evidence leans down · 78% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) TORNTPOWER · quiet · Evidence leans down · 78% evidence 39.8 out of 100 Growth Capital Valuation Relative
18. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) DPSCLTD · quiet · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
19. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) RPOWER · basing · Most evidence points down · 64% evidence 28.8 out of 100 Growth Capital Valuation Relative
20. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) BFUTILITIE · quiet · Too little evidence to rank firmly · 53% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. [Mac Charles (India) Ltd](https://www.sectoralpha.in/stocks/mac-charles-indialtd) Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Power - Generation/Distribution](https://www.sectoralpha.in/sectors/power-generation-distribution), all 21 compared on one page. ## Which companies are close to KPI Green in size? KPI Green is the 15th largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: CESC, Jaiprakash Power Ventures and Reliance Power. Just below it: RattanIndia Power, Gujarat Industries Power Co and BF Utilities. ### Power - Generation/Distribution companies close in size

1. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) ₹16,521 crore
2. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) ₹8,718 crore
3. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) ₹7,407 crore
4. KPI Green Energy Ltd ₹5,481 crore
5. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) ₹3,415 crore
6. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) ₹2,483 crore
7. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) ₹1,612 crore

[All 21 Power - Generation/Distribution companies, largest first](https://www.sectoralpha.in/sectors/power-generation-distribution#all-companies)

### Companies close in size in other industries

1. [Smartworks Coworking Spaces Ltd](https://www.sectoralpha.in/stocks/smartworks-coworking-spaces-ltd) ₹5,496 crore · Realty - CoWorking
2. [Just Dial Ltd](https://www.sectoralpha.in/stocks/just-dial-ltd) ₹5,481 crore · E-Commerce - Platform - Utility
3. KPI Green Energy Ltd ₹5,481 crore
4. [Wheels India Ltd](https://www.sectoralpha.in/stocks/wheels-india-ltd) ₹5,473 crore · Auto Ancillaries - Wheels
5. [GMM Pfaudler Ltd](https://www.sectoralpha.in/stocks/gmm-pfaudler-ltd) ₹5,464 crore · Glass - Others

## What else do people ask about KPI Green? ### What is KPI Green's share price today? KPI Green Energy Ltd's share price is ₹286.20, −46.6% over the past year. The whole company is worth ₹5,663 Cr on the market. In the last 52 weeks it traded between ₹277 to ₹503; today it is 4% of the way up from the low, 23.7% below its 200-day average (as of 3 November 2026). ### What were KPI Green's latest quarterly results? KPI Green Energy Ltd reported revenue of ₹694 Cr and net profit of ₹95.0 Cr for the Jun 2026 quarter. Revenue rose 15.1% and profit fell 14.4% compared with a year earlier. Earnings per share were ₹4.33. The operating margin was 35.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is KPI Green's market cap? KPI Green Energy Ltd's market capitalisation is ₹5,663 Cr at a share price of ₹286.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is KPI Green performing? KPI Green Energy Ltd's share price has been falling for 49 weeks. In its latest quarter, revenue rose 15.1% and profit fell 14.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will KPI Green's share price go up? This page does not forecast KPI Green Energy Ltd's share price. What it shows instead: the share price is ₹286.20, and it has been falling for 49 weeks. Its P/E of 12.4× is higher than 5% of its own last 6 years (as of 3 November 2026). ### Who owns KPI Green? Promoters own 49.4% of KPI Green Energy Ltd, foreign institutions 7.3%, domestic institutions 0.6% and the public 42.7% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.5 percentage points over 8 quarters (as of 3 November 2026). ### Where is KPI Green in its business cycle? KPI Green Energy Ltd's FY26 operating margin was 36.0%, against a 11-year range of 32.0% to 68.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 35.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the KPI Green story? The main question: yearly earnings per share moved +48.7% while the share price moved −46.6%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is KPI Green a stock worth studying right now? What the numbers show: KPI Green Energy Ltd's earnings have grown faster than its share price. Earnings per share grew +48.7% in a year while the price moved −46.6%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a KPI Green share price forecast for 2026? What management itself guided: FY27 revenue growth at 30-40% as the conservative baseline; 50-60% possible if geopolitical conditions settle. ## Lists

- Undervalued stocks: https://www.sectoralpha.in/markets/in/deep-value-stocks
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.