KP Green Engineering

Listed EPC / O&M — per-stock model.

As of 21 Aug 2026

EPC / O&M—

CMP ₹256

Latest concall

H2 & FY26 · 13 May 2026

FY26 revenue Rs1,250cr (+78%), PAT Rs136cr (+85%), EBITDA +117%, margin ~20% (consolidated)
H2 FY26 revenue Rs713cr (+65%); H2 EBITDA margin ~21%
Galvanising plant commissioned in H2; total capacity now 4,00,500 MTPA
Fresh orders Rs507.94cr across 6 segments (solar, transmission, PEB, isolators, crash barriers)

Order-book execution

Rs507.94cr fresh orders slated for current-year execution; Rs1,831cr total book underpins FY27.

Management guidance

Rs1,831cr order book (incl new BSNL deal) for FY27 execution; dividend Rs0.30/share

H2 & FY26 audited results + concall, 13 May 2026

Order book

₹1,831cr

Revenue FY26E

1,246₹ cr

EBITDA margin

20%

P/E

9.4×

Financials

Annual · ₹ crore · E = estimate.

Annual financials

₹ crore · FY25 → FY28E

Period	Revenue	EBITDA	EBITDA %	PAT	Gross %	ROE %	ROCE %	Capex	Net debt	EPS ₹	WC days
FY22	78	9	12.0%	4	—	—	—	—	—	39.2	—
FY23	114	21	18.0%	12	—	—	—	—	—	108.2	—
FY24	349	54	16.0%	35	—	—	—	—	—	7.0	—
FY25	695	109	16.0%	73	—	—	—	—	—	14.7	—
FY26	1,246	245	20.0%	136	—	—	—	—	—	27.1	—

Source BSE SME (maintained)· As of 21 Aug 2026

Revenue, EBITDA & margin

Bars ₹cr (left) · margin % (right)

Source BSE SME (maintained)· As of 21 Aug 2026

Quarterly

₹ crore · recent quarters.

Quarterly financials

₹ crore

Quarter	Revenue	EBITDA	EBITDA %	PAT	PAT %
Q4FY23	53	9	17.0%	5	9.4%
Q2FY24	104	18	17.0%	11	10.6%
Q4FY24	245	33	14.0%	24	9.8%
Q2FY25	262	40	15.0%	27	10.3%
Q4FY25	432	68	16.0%	46	10.7%
Q2FY26	532	98	18.0%	58	10.9%
Q4FY26	714	147	21.0%	77	10.8%

Source BSE SME (maintained)· As of 21 Aug 2026

Revenue & margin trend

Bars ₹cr (left) · margin % (right)

Source BSE SME (maintained)· As of 21 Aug 2026

Valuation

As of 21 Aug 2026

P/E

9.4×

EV / EBITDA

6.7×

P/B

2.8×

Operating & order mix

Unit economics and the order book.

Shareholding

% · as of 31 Mar 2026

Shareholding pattern

Source BSE SME (maintained)· As of 21 Aug 2026