KPI Green Energy (542323) Investor presentation summary

Strategic evolution and business model

• Transitioned from a diversified group to an integrated renewable energy platform, scaling across solar, wind, hybrid, and BESS with a 9.2+ GWp portfolio as of June 2026.

• Operates a dual business model: capital-efficient EPC for third parties and long-term IPP for recurring revenue, leveraging in-house manufacturing and project execution.

• Realigned business structure for transparency, with clear segment focus for each entity and arm's-length intra-group transactions.

• Expanded into floating solar, green hydrogen, and energy storage, targeting 10 GWp each in IPP, EPC, and 10 GWh BESS by FY32.

• Strong governance reforms: capped promoter royalty, pledged share release plan, Big-6 auditor appointment, and strengthened board.

Operational scale and execution

• Achieved 1 GWp energized IPP capacity and 6.4 GW power evacuation by March 2026, with a land footprint of ~12,104 acres.

• Integrated project management using VisiLean and Primavera P6 for real-time, data-driven execution across all projects.

• In-house engineering and manufacturing platform with Asia's largest galvanizing kettle and a diversified product portfolio across 7 sectors.

• National reach with proven execution in Gujarat, Rajasthan, Maharashtra, and Karnataka, and a growing international presence in Africa and GCC.

• Client base includes major utilities, public sector enterprises, and blue-chip corporates.

Financial performance and guidance

• Delivered exceptional growth: 27x revenue, 16x EBITDA, and 36x PAT from FY21 to FY26 across group companies.

• Maintained strong balance sheet discipline with declining debt/equity ratios and robust credit ratings.

• High returns: ROE above 30% for KPI Green and KP Energy in FY26, with double-digit EPS growth.

• Revenue CAGR guidance of 25% up to FY32, with leverage targets set below 4x D/E for all entities.

• Raised significant growth capital via QIPs, green bonds, and IPOs, supporting expansion and innovation.