KPI Green Energy is a fast-growing, pure-play renewable energy company in India, focused on developing, owning, and operating solar and wind power projects. The company has rapidly scaled its operational capacity and boasts an impressive project pipeline, positioning itself as a key player in the country’s transition to clean energy. With a strong order book and consistent financial performance, KPI Green Energy has attracted significant attention from investors seeking exposure to the high-growth renewable sector. This article provides a detailed analysis of its business, financials, and prospects to establish realistic share price targets for the period from 2026 to 2030.
KPI Green Energy: Company Overview
- Business Model: A developer and operator of utility-scale solar and wind power projects across India. The company generates revenue primarily through long-term Power Purchase Agreements (PPAs).
- Geography: Operates in multiple states, including Gujarat, Rajasthan, Madhya Pradesh, and Tamil Nadu.
- Key Developments: The company has set an ambitious target to achieve a total portfolio of 5 GW by 2027-28. It has a robust order book that provides strong visibility for future revenue and earnings growth.
KPI Green Energy: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹491.80 |
| Market Capitalization | ₹11,036 Crore |
| 52-Week High/Low | ₹994 / ₹350 |
| P/E (TTM) | 21.16 |
| P/B (TTM) | 3.33 |
| ROE (FY2025) | 15.49% |
| Debt/Equity (Mar 2025) | 1.23 |
| FY2025 Revenue | ₹1,131.36 Crore |
| FY2025 Net Profit | ₹225.55 Crore |
KPI Green Energy Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹550 – ₹680 |
| 2027 | ₹700 – ₹880 |
| 2028 | ₹850 – ₹1,100 |
| 2029 | ₹1,000 – ₹1,350 |
| 2030 | ₹1,200 – ₹1,650 |
Note: These targets are derived from a synthesis of credible analyst discussions and projections found in the public domain, adjusted for a neutral, educational perspective.
KPI Green Energy Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹550 | ₹680 |
- The company’s solid FY2025 performance, with a net profit of ₹225.55 crore, demonstrates its ability to scale profitably.
- Its healthy Return on Equity (ROE) of 15.49% is a strong indicator of efficient capital management in a capital-intensive industry.
- A visible and large project pipeline provides clear revenue visibility for the near term, reducing uncertainty for investors.
KPI Green Energy Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹700 | ₹880 |
- Growth will be primarily driven by the commissioning of new projects from its extensive order book, which will significantly boost its operational capacity and cash flows.
- As a pure-play renewable company, it is well-positioned to benefit from favorable government policies and increasing corporate demand for green power.
- Continued focus on operational efficiency and cost management will be key to maintaining healthy margins during its expansion phase.
KPI Green Energy Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹850 | ₹1,100 |
- By this stage, a substantial portion of its targeted 5 GW portfolio should be operational, transforming it into a mid-sized, established player in the Indian renewable market.
- Achieving its 5 GW milestone would be a major value-accretive event, likely leading to a re-rating of its stock by the market.
- Investor confidence will hinge on its ability to secure financing for its projects at competitive rates and maintain its development pace.
KPI Green Energy Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹1,000 | ₹1,350 |
- The company’s long-term success will depend on its strategy beyond the 5 GW target, such as exploring new technologies like energy storage or green hydrogen.
- Its track record of execution and its ability to win new projects in a competitive bidding environment will be critical valuation drivers.
- A sustained high ROE and consistent earnings growth would support a premium valuation relative to its peers.
KPI Green Energy Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹1,200 | ₹1,650 |
- Sentiment will be shaped by the company’s position in the mature phase of its current growth cycle and its articulation of a new, compelling long-term vision.
- Its status as a debt-funded growth story means its financial health and interest coverage ratios will remain under scrutiny.
- If it can establish itself as a reliable and scalable platform for renewable energy, it could become a prime acquisition target or a leader in its own right.
KPI Green Energy: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 58.93% |
| Foreign Institutions (FII/FPI) | 3.47% |
| Domestic Institutions (DII) | 10.81% |
| Public (Retail & Others) | 26.79% |
As of January 2026, promoters hold a stable majority stake of 58.93% in the company. Crucially, 0% of the promoter holding is pledged, which is a significant positive signal for governance and long-term commitment.
KPI Green Energy: Strengths vs Risks
- Strengths:
- Pure-Play Renewable Focus: Offers direct and focused exposure to India’s booming solar and wind energy market.
- Strong Growth Visibility: A large and secured order book provides clear revenue and earnings visibility for the next several years.
- Efficient Capital Use: A solid ROE of 15.49% indicates the management’s ability to generate good returns on the capital employed.
- Clean Promoter Holding: The complete absence of pledged shares by promoters enhances investor trust and reduces a key risk factor.
- Risks:
- High Leverage: The company operates with a high debt-to-equity ratio of 1.23, making it vulnerable to rising interest rates and any delays in project execution.
- Execution Risk: Its entire growth story is dependent on its ability to build its massive project pipeline on time and within budget.
- Regulatory & Offtaker Risk: The company’s revenue depends on long-term PPAs, and any payment delays from state-owned distribution companies (discoms) can impact its cash flows.
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High (due to high debt, execution risk, and dependence on a single sector) |
| Time Horizon | Long-term (5+ years) – high-growth story |
| Volatility | High – its stock price can be sensitive to news on project wins, financing, and broader market sentiment on renewables |
| Ideal Investor | Aggressive long-term investors with a high-risk appetite who are bullish on the Indian renewable energy sector and seek a pure-play investment vehicle with strong growth potential. |
KPI Green Energy is a classic high-growth, high-risk stock. It is best suited for investors who can tolerate significant volatility in exchange for the potential of substantial long-term capital appreciation.
FAQs
What business does KPI Green Energy do?
KPI Green Energy is a pure-play renewable energy company that develops, owns, and operates solar and wind power projects across India, selling the generated electricity under long-term contracts.
What is KPI Green Energy’s current share price and key financials?
The stock is currently trading around ₹491.80. In FY2025, the company reported a revenue of ₹1,131.36 crore and a net profit of ₹225.55 crore, with a Return on Equity of 15.49%.
Who are the major shareholders?
Promoters own a controlling 58.93% of the company, and none of these shares are pledged. The remaining shares are held by institutional and retail investors.
What are the main growth drivers and risks for the stock?
The primary growth driver is its large and visible project pipeline aimed at reaching a 5 GW portfolio. Key risks include its high debt levels, the execution risk of its ambitious expansion plan, and potential payment delays from its power buyers.
What is the KPI Green Energy share price target for 2026?
Based on our analysis of its growth trajectory and financial health, we estimate a 2026 range of roughly ₹550 – ₹680. This “model-based” target reflects its strong growth visibility and current market dynamics – it is not guaranteed. (Investors should conduct their own research.)
Final Verdict
KPI Green Energy stands out as a dynamic and ambitious player in India’s renewable energy landscape. Its pure-play focus, coupled with a massive and visible project pipeline, offers a clear and compelling growth story for investors. While the high leverage and execution risk are real concerns, the company’s efficient capital use and clean promoter structure provide a degree of comfort. For those with a long-term investment horizon and a high tolerance for risk, KPI Green Energy presents an opportunity to participate directly in the nation’s clean energy journey. Our 2026–2030 price targets (₹550–₹1,650) are contingent on the company’s flawless execution of its strategy and its ability to navigate the challenges of a capital-intensive, rapidly evolving sector.
