544150

KP Green Engg. share price & financials

Price
₹393.35
Market cap
₹1.3k Cr
Sector
Capital Goods
Calls analysed
3
Latest concall · Q4 FY26 · call held 13 May 2026

KP Green Engg. Q4 FY26

FY26 Revenue ₹1,250 cr +78%FY26 EBITDA ₹249 cr +117%FY26 EBITDA Margin 20% FY26 PAT ₹136 cr +85%

What went well

  • FY26 Revenue of ₹1,250 crores, up 78% YoY.
  • FY26 EBITDA of ₹249 crores, up 117% YoY, with margin at 20% (vs 16% in FY25).
  • FY26 PAT of ₹136 crores, up 85% YoY.

What to watch

  • Inventory days increased sharply from 96 days to 195 days due to a hedging strategy against geopolitical conditions.
  • Cash and cash equivalents declined from ₹162 crores to ₹19 crores due to reclassification to other financial assets.
Read the full call →

What KP Green Engg. does

KP Green Engineering designs, engineers and manufactures fabricated and hot-dip galvanised steel structures under one roof, serving the renewable energy, power transmission, telecommunications, railways and roads/highways sectors. It earns revenue by selling engineered steel products such as solar module mounting structures and trackers, transmission line towers, windmill lattice towers, telecom towers, crash barriers, pre-engineered buildings and railway/highway bridges to state utilities, PSUs, EPC contractors and infrastructure developers. The company operates as the flagship steel-structure design, engineering, fabrication and galvanising arm of the KP Group, whose other listed entities (KPI Green Energy, KP Energy) build and operate renewable power plants. It is expanding into new verticals including tubular towers, cable & conductors, hot rolling and fasteners as backward-integration and diversification steps.

Segments

  • Renewables
  • Power and Transmission
  • Telecommunication
  • Railways
  • Urban and Rural Infrastructure
  • Engineering Infrastructure
Total installed manufacturing capacity
4,00,500 MTPA (fabrication + galvanising)
Manufacturing units
4 plants — Dabhasa, Kural, Por and Matar (all Gujarat)
Hot-dip galvanising capacity
Asia's largest single galvanising kettle, 90,000+ MTPA, installed and operational at Matar
Product portfolio
23 products catering to different sectors
Manufacturing footprint (Matar)
~55 acres
Geographic market presence
Supplies across multiple Indian states (Gujarat, Rajasthan, MP, UP, Maharashtra and others) with entry into international markets
Founded 2001 Company website

Guidance record · Q4 FY26

what the last two calls moved 11 tracked 6 delivered 2 missed 3 open
  • Revenue Growth delivered said Q4 FY25 Promised: 60%-70% growth Q4 FY26: Achieved 78% YoY revenue growth for FY26 (to ₹1250 cr), exceeding the 60-70% target.
  • Total Capacity went quiet said Q4 FY25 Promised: 4,00,500 metric tons per annum by FY26 Q4 FY26: Management did not confirm the final capacity figure for FY26. The target of 4,00,500 MTPA was not mentioned in the Q4 call, despite the deadline passing.
  • Revenue Growth open said Q4 FY26 Promised: 40-50% year-on-year growth until 2030 Q4 FY26: Management guided for a minimum 40-50% YoY revenue growth trajectory until 2030.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 191.4%, net profit up 220.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue53 104 245 262 432 +715%532 +412%714 +191%
EBITDA9 18 33 40 68 +656%98 +444%147 +345%
Net profit5 11 24 27 46 +820%58 +427%77 +221%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −53.1% 1Y

₹300₹400₹500₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 21 Nov 2025Q4 FY26 — 13 May 2026

1Y: ₹572.45 on 10 Sept 2025 → ₹268.7. High ₹619.2 (3 Nov 2025), low ₹249.6 (24 Aug 2026).

How the price took the results

close before → close after

Q4 FY26
+4.6%
13 May
Q2 FY26
−4.0%
21 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹25 Cr₹25 Cr₹25 Cr
Reserves₹15 Cr₹19 Cr₹32 Cr₹241 Cr₹357 Cr₹433 Cr
Borrowings₹21 Cr₹20 Cr₹18 Cr₹46 Cr₹204 Cr₹349 Cr
Other liabilities₹6 Cr₹43 Cr₹44 Cr₹110 Cr₹568 Cr₹780 Cr
Total liabilities₹43 Cr₹83 Cr₹95 Cr₹422 Cr₹1.2k Cr₹1.6k Cr
Fixed assets₹16 Cr₹16 Cr₹20 Cr₹36 Cr₹251 Cr₹543 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹5 Cr₹81 Cr₹13 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹26 Cr₹66 Cr₹74 Cr₹382 Cr₹822 Cr₹1.0k Cr
Total assets₹43 Cr₹83 Cr₹95 Cr₹422 Cr₹1.2k Cr₹1.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

Since Mar 2025, the public added +0.23 pp while FIIs trimmed −0.20 pp. The shareholder count grew 7% to 9,011.

Promoters
66.6%
FIIs
0.3%
DIIs
0.1%
Public
32.9%

Since Mar 2025

  • Public +0.23 pp
  • FIIs −0.20 pp
  • DIIs −0.03 pp

How it drifted, 5 quarters

Over this window the public went from 24.4% to 32.9% — +8.5 pp.

Mar '24Mar '25Mar '26

Ownership split by quarter, oldest first. Mar '24: Promoters 66.6%, FIIs 7.6%, DIIs 1.4%, Public 24.4%.Sep '24: Promoters 66.6%, FIIs 1.8%, DIIs 0.5%, Public 31.1%.Mar '25: Promoters 66.6%, FIIs 0.6%, DIIs 0.2%, Public 32.7%.Sep '25: Promoters 66.6%, FIIs 0.3%, DIIs 0.1%, Public 33.0%.Mar '26: Promoters 66.6%, FIIs 0.3%, DIIs 0.1%, Public 32.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Sep 2025

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Mar 2026 filing

Every holder of KP Green Engg. above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Farukbhai Gulambhai Patel 57.87%unchanged
Muinulhaque Iqbalhusen Kadva 3.36%unchanged
Yoginkumar Ashokbhai Patel 2.13%unchanged
Meghdoot Leisure Llp 1.14%unchanged
Ankush Kedia 1.11%newly disclosed
Vahidabanu Faruk Patel 1.00%+0.66 pp
Zuveriyah Muinulhaque Kadva 0.67%unchanged
Zara Faruk Patel 0.67%unchanged
Affan Faruk Patel 0.67%unchanged
Umar Faruk Patel 0.67%unchanged
Mohammad Ali Faruk Patel 0.67%unchanged
Bilal Muinulhaque Kadva 0.34%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies
-8.2% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹268.7

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse KP Green Engg.

Guides on how to read this kind of business and the numbers that matter.