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KPI Green Energy Limited (KPIGREEN) Fair Value & Analysis

Utilities · IN · Market cap ₹79.6B

KG KPI Green Energy Limited KPIGREEN · NSE
Price₹303.10
Fair Value₹340.96
Upside+12.5%
Quality36/100
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Expensive Growth
Solidly profitable · 17.7% net margin
Moderate debt · negative free cash flow
0.23% dividend yield
Mixed vs. peers (7/13)
Wide moat 75/100
Evidence: High Range ₹235.15 – ₹639.37 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 4 days ago

Share price −26.0% over the past month.

Below-average quality, screening 12% undervalued on our models.

What matters now

  • The model range is unusually wide (₹235.15 to ₹639.37). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from ₹235.15 (bear) to ₹639.37 (bull), base ₹340.96. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 36/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹730.32 ₹9.75 Fair Value ₹340.96 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹9.75 – ₹730.32 · fair‑value band ₹235.15 – ₹639.37 · the ₹303.10 price screens below the ₹340.96 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

KPI Green Energy Limited (KPIGREEN) currently trades at ₹303.10, while our model-based Fair Value estimate is ₹340.96, implying the stock looks roughly 12.5% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, KPI Green Energy Limited generated revenue of ₹27.0B at a net margin of 17.7%. Revenue grew 39.8% year over year. It earns a return on equity of 17.3%. Net debt stands at ₹46.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹235.15 (bear case) to ₹639.37 (bull case); at ₹303.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at 12%, KPIGREEN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹161.02 ₹225.69 ₹899.90 76
ROIC Compounder ₹152.99 ₹287.63 ₹423.49 72
Gordon GGM ₹7.84 ₹16.29 ₹25.85 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹163.79 ₹1,142 ₹1,603 54
Lynch FV ₹590.13 ₹843.04 ₹1,096 50
PEG = 1.0 ₹590.13 ₹843.04 ₹1,096 46
EPV ₹152.99 ₹204.68 ₹249.92 59
Dividend Discount
Gordon GGM ₹7.84 ₹16.29 ₹25.85 70
DDM Multi-Stage ₹7.84 ₹13.74 ₹17.10 61
Multiples
P/E Multiple ₹325.17 ₹433.56 ₹541.96 63
P/S Multiple ₹255.72 ₹340.96 ₹426.20 58
P/B Multiple ₹207.21 ₹276.28 ₹345.35 55
EV/EBIT ₹312.60 ₹469.19 ₹625.78 53
EV/EBITDA ₹206.42 ₹327.61 ₹448.81 54
EV/Revenue ₹81.50 ₹183.79 ₹286.07 43
Asset-Based
NCAV (Graham) ₹76.74 ₹102.84 ₹153.49 50
Economic Profit
Residual Income ₹161.02 ₹225.69 ₹899.90 76
ROIC Compounder ₹152.99 ₹287.63 ₹423.49 72
Growth Earnings
Growth-Adj P/E ₹737.49 ₹1,054 ₹1,370 68

Widest divergence: Growth Earnings (₹1,054) versus Dividend Discount (₹13.74). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹27.0B
Revenue growth (YoY) +39.8%
Net margin 17.7%
Return on equity 17.3%
Free cash flow −₹26.1B FY2026
P/E ratio 12.6
More key figures
Operating margin 31.7%
EPS (TTM) ₹24.05
Dividend yield 0.2%
EPS growth (YoY) +47.2%
Net debt ₹46.4B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 34 · Market factors (momentum, volatility) 26

Profitability 42
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 41
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

KPI Green Energy Limited reported revenue of ₹27.0B in FY2026 versus ₹2.3B in FY2022, a compound +85.0%/yr. Reported net income was ₹4.8B in FY2026, compounding +82.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹27.0B
Latest YoY
+55.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+61.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+91.9%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+61.0%
Revenue +85.0%/yr
FY22 ₹2.3B
FY23 ₹6.4B
FY24 ₹10.2B
FY25 ₹17.4B
FY26 ₹27.0B
Net income +82.2%/yr
FY22 ₹432M
FY23 ₹1.1B
FY24 ₹1.6B
FY25 ₹3.2B
FY26 ₹4.8B
Character of growth · EPS growth decomposed (2015-2026) +46.9 % p.a.
Revenue per share +54.2 pp

of which total revenue +65.2 pp · buybacks/dilution −11.1 pp

EBIT margin −4.6 pp
Tax rate +1.7 pp
Residual (interest, one-offs) −4.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "KPI Green Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/KPIGREEN

Peer Group

Utilities - Renewable · 220 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Below median
Fair Value upside +13% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 40% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 1.21× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 2.62× · Pricier than 75% of peers
P/S (TTM) 2.95× · Pricier than median
EV/EBITDA 11.6× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 50 · sector 9
FUTURE 100 · sector 0
PAST 69 · sector 11
HEALTH 40 · sector 68
DIVIDEND 5 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥28.02 ¥25.13 -10%
Ørsted A/S ORSTED kr 148.25 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.69 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 -87%
AXIA Energia SA AXIAP $10.74 $9.54 -11%
VERBUND AG OEWA €56.80 €66.19 +17%
BEP BEP $34.23 $70.40 +106%
BEPUN BEPUN C$44.56 C$10.15 -77%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 -53%
SDIC Power Holdings 600886 ¥13.95 ¥16.63 +19%

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Frequently asked questions

Is KPI Green Energy Limited (KPIGREEN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹340.96 versus a price of ₹303.10, about +12% (undervalued).
What is the fair value of KPIGREEN?
Our model-based fair value for KPI Green Energy Limited is ₹340.96 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹303.10.
What is the quality score of KPIGREEN?
KPI Green Energy Limited has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of KPI Green Energy Limited (KPIGREEN)?
KPI Green Energy Limited reported trailing-twelve-month revenue of about ₹27.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KPIGREEN?
The net profit margin of KPI Green Energy Limited is about 17.7%, meaning it keeps roughly 17.7% of revenue as net income. Based on the latest reported figures.
Does KPI Green Energy Limited pay a dividend?
KPI Green Energy Limited currently shows a dividend yield of about 0.23% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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