K.P. Energy Limited is a significant player in India's renewable energy landscape, specializing in providing comprehensive Balance of Plant (BoP) solutions for the wind energy industry. As part of the KP Group, founded by Faruk Gulambhai Patel in 1994, the company was incorporated as a private limited entity on January 8, 2010, and later transitioned to a public limited company on May 11, 2015. KPEL is involved in the entire wind farm development value chain, from the initial conceptualization and site identification to project commissioning and ongoing maintenance throughout its lifecycle.
Primarily operating in Gujarat, India, KPEL's end-to-end solutions for wind farm development encompass a wide array of services. These include site preparation, construction and erection of infrastructure, power evacuation systems, and the crucial operations and maintenance phases. The company's expertise in BoP solutions makes it a critical entity in coordinating the diverse activities essential for utility-scale wind farm development, solidifying its role as a leading provider in the wind energy sector.
The core business activities of K.P. Energy Limited are multifaceted and integral to the development and operation of wind energy projects. These encompass meticulous site selection for wind farms, securing necessary land and permits, and undertaking Engineering, Procurement, Construction, and Commissioning (EPCC) of wind projects. In addition to these development services, KPEL also owns and operates Wind Turbine Generators (WTGs) and solar power plants as an Independent Power Producer (IPP).
The company's Engineering, Procurement, Construction, and Commissioning (EPCC) segment, which accounted for 97% of revenue in 9MFY24, is built on a unique value proposition. This proposition is designed to comprehensively address the diverse needs of Wind Turbine Generator (WTG) manufacturers, Independent Power Producers (IPPs), and Captive Power Consumers (CPPs) in the establishment of wind farms. By offering integrated solutions that span the entire project lifecycle – including siting, permit acquisition, EPCC, and infrastructure development (such as power transmission) – K.P. Energy Limited has successfully scaled its operations. This allows them to effectively serve Original Equipment Manufacturers (OEMs), IPPs, Captive Users, and Institutional Investment Programs, making them a holistic service provider in the renewable energy sector.
As of recent data, K.P. Energy Limited boasts a market capitalization of approximately ₹3,379 crore. The current stock price stands at ₹505.00, with a 52-week high of ₹675.00 and a low of ₹337.00. The market cap shows a healthy growth of 9.07% over the past year, accompanied by a revenue of ₹926 crore and a profit of ₹112 crore.
K.P. Energy demonstrated significant financial growth in the fourth quarter of FY25. The company reported a net profit of ₹46 crore and revenue of ₹401 crore. Consolidated net sales reached ₹401.20 crore, marking a substantial year-on-year increase of 93.57%. For the full fiscal year FY25, K.P. Energy recorded a consolidated net profit of ₹115 crore, representing a remarkable 98% year-on-year jump, and revenue from operations of ₹939 crore, up by 99% year-on-year.
- Revenue: ₹401.20 crore (representing a 93.57% year-on-year growth)
- Net Profit: ₹45.79 crore (an increase of 83.9% year-on-year)
- Quarterly Net Profit Growth: 73.51% compared to the previous quarter
- Total Operating Expense: ₹331 crore (an increase of 88% year-on-year)
- EBITDA: For the March 2025 quarter, EBITDA rose by 90% to ₹78 crore from ₹41 crore in March 2024.
- Profit Before Taxes: Stood at ₹65 crore in Q4 FY25, a 91% increase from ₹34 crore in Q4 FY24.
K.P. Energy announced that its Board of Directors, in a meeting held on May 14, 2025, recommended a final dividend of ₹0.1 per equity share, equivalent to 2%, subject to the approval of the shareholders. The company has also successfully commissioned an additional 2.8 MW wind power project, comprising one wind turbine generator at the Vagra Site in Bharuch. This commissioning brings the company's total Independent Power Producer (IPP) capacity to 48.5 MW. Furthermore, K.P. Energy Limited informed the exchange about the allotment of 2,17,041 equity shares on May 31, under the KP Energy Limited Employee Stock Option Plan 2023.
K.P. Energy has exhibited impressive growth, with a notable 155% year-over-year revenue increase in Q3 FY25. This growth is largely attributed to robust demand within the renewable energy sector and a strong order book. While operational challenges, particularly concerning material sourcing and project timelines, are acknowledged, the management maintains an optimistic outlook for future opportunities. This optimism is particularly focused on advancements in hybrid projects and the burgeoning field of green hydrogen initiatives.
The stability provided by long-term Power Purchase Agreements (PPAs) serves as a strong buffer against competitive pricing pressures, thereby enhancing revenue predictability. In addition, the company's proactive approach to procurement and its consistent operational performance, including the successful commissioning of projects, strategically position K.P. Energy for sustained growth and profitability in the dynamic and evolving energy landscape.
K.P. Energy Limited operates within India's rapidly expanding renewable energy sector, directly benefiting from the government's strong emphasis and policies supporting clean energy initiatives. The company's existing portfolio of projects creates a reliable, annuity-based revenue stream, offering a stable financial foundation. With its comprehensive suite of services and a dominant presence in Gujarat's wind energy market, K.P. Energy is strategically positioned to capitalize on the escalating demand for renewable energy infrastructure.
The company's robust financial performance in FY25, characterized by significant revenue and profit growth, underscores its capability to effectively execute projects and maintain healthy profit margins. The diversification into IPP operations provides additional avenues for revenue generation, while the core EPCC business continues to be a primary driver of growth through the acquisition of new projects.
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