The shares of one of the leading renewable energy company, specializing in the development, operation, and maintenance of renewable power facilities, are in focus upon receiving an order to develop a 100 MW solar power project in Gujarat.
With a market capitalization of Rs. 10,061.43 crores on Tuesday, the shares of KPI Green Energy Limited jumped by upto 1.25 percent, making a high of Rs. 518.90 per share compared to its previous closing price of Rs. 512.45 per share.
Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a repeat Letter of Award from Avichal Power Private Limited for the turnkey development of a 100 MW Solar Power Project under the Captive Power Producer (CPP) segment in Gujarat.
This significant contract, awarded by a valued domestic client for the second consecutive time, highlights KPI Green Energy’s industry leadership and proven execution capabilities.
The scope of the project includes comprehensive Engineering, Procurement & Construction (EPC) services, supply of advanced module mounting systems and balance-of-plant materials, as well as civil, structural, electrical, and instrumentation works, along with full operations and maintenance throughout the project lifecycle. The order is scheduled to be executed in various tranches and is expected to be completed by the financial year 2026-27.
Financilas & Others
The company’s revenue rose by 97.2 percent from Rs 292.97 crore to Rs 577.8 crore in Q4FY24-25. Meanwhile, Net profit rose from Rs 43.04 crore to Rs 99.14 crore during the same period.
The company’s P/E ratio of 31.46 is lower than the industry average of 44.87, and its PEG ratio of 0.12 indicates that the stock may be undervalued. Additionally, the company maintains a low debt-to-equity ratio of 0.57, reflecting a strong financial position.
The company has delivered solid returns, with an average ROE of 27.61% and ROCE of 15.39% over the last three years. It has also demonstrated impressive growth, achieving an average three-year revenue growth of 64.52% and net profit growth of 55.20%.
KPI Green Energy Limited is a leading renewable energy company based in Gujarat, India, and is part of the KP Group. Incorporated in 2008, the company develops, owns, and operates solar and hybrid (solar-wind) power plants under the brand name ‘Solarism’.
As of FY25, KPI Green Energy boasts over 2.95 GW of orders in hand and an installed capacity exceeding 950 MW. The company has developed a power evacuation capacity of more than 3.26 GW and holds a land bank of 5,946+ acres. Looking ahead, KPI Green Energy has set an ambitious target to achieve over 10 GW of capacity by 2030.
KPI Green Energy has attracted marquee investors, including prominent financial institutions such as BlackRock, Goldman Sachs, BofA Securities, HSBC, and Citigroup. Other notable investors include SBI General Insurance, Motilal Oswal, Citadel Capital Fund, Quadrature Capital, and others.
It operates primarily in two segments: Independent Power Producer (IPP) and Captive Power Producer (CPP). In IPP, the company generates clean, renewable energy through strategically located plants, supplying power to businesses via Power Purchase Agreements (PPAs). In the CPP segment, KPI specializes in developing and managing grid-connected solar and hybrid power projects tailored to meet specific customer needs, helping companies reduce electricity costs.
Written by Sridhar J
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