KPI Green Energy vs Websol Energy System: Share Price, Comparison and Key Differences
- August 12, 2026
- Posted by: Neeraj Pandey
- Category: News
KPI Green Energy MCap Rs 7,330 Cr, PE 14.39x (cheap!), ROE 15.69%, D/E 1.71. Websol Energy System MCap Rs 4,189 Cr, PE 13.82x, ROE 48.04% (exceptional!), D/E 0.21.
KPI Green Energy vs Websol Energy System is a comparison solar energy investors look up when evaluating two listed Indian companies in the solar sector with complementary business models. KPI Green Energy (KPI Global Infrastructure), a Surat-based company, is an IPP (independent power producer) and solar EPC company developing and operating solar power projects in Gujarat for captive power consumers and state utilities. Websol Energy System, a Kolkata-based company, manufactures solar cells (mono-crystalline and polycrystalline) for the Indian solar panel assembler market. Both KPI Green Energy vs Websol are Indian solar companies at different ends of the value chain.
This KPI Green Energy vs Websol Energy System article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this KPI Green Energy vs Websol Energy System comparison, KPI Green Energy develops and operates solar power projects for industrial and commercial consumers in Gujarat through captive and KUSUM scheme arrangements. Market capitalisation is Rs 7,330 Cr.
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Websol Energy System manufactures solar cells at its Falta SEZ facility near Kolkata and sells to domestic solar module manufacturers. Market capitalisation is Rs 4,189 Cr.
Key Products and Business Mix
For the KPI Green Energy vs Websol Energy System product breakdown, KPI Green Energy: KPI Green Energy earns from solar power generation revenues (IPP) and solar EPC project revenues. EPS is Rs 25.76. PE is 14.39x, ROE 15.69 percent, D/E 1.71 (normal for IPP-stage projects).
Websol Energy System: Websol earns from solar cell manufacturing. EPS is Rs 6.98. PE is 13.82x, ROE 48.04 percent (exceptional!), D/E 0.21.
Latest Results and Financial Data
On the KPI Green Energy vs Websol Energy System results front: KPI Green Energy has a market cap of Rs 7,330 Cr and PE of 14.39x. ROE is 15.69 percent. KPI Green is 1.75 times larger than Websol Energy System.
Websol Energy System has a market cap of Rs 4,189 Cr and PE of 13.82x. ROE is 48.04 percent – an exceptional return on equity. Websol is nearly as cheap as KPI on PE but with a dramatically higher ROE.
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Stock Performance and Valuation
Investors tracking the KPI Green Energy vs Websol Energy System comparison should verify current prices on NSE or BSE before trading. The KPI Green Energy vs Websol Energy System stock data below reflects the latest available figures from Groww and public company filings.
KPI Green Energy vs Websol at current valuations: KPI trades at Rs 7,330 Cr market cap, PE 14.39x, ROE 15.69 percent. Websol trades at Rs 4,189 Cr market cap, PE 13.82x, ROE 48.04 percent. Near-identical PE ratios but dramatically different ROE – Websol’s ROE of 48% is exceptional for a manufacturing company.
KPI Green Energy vs Websol Energy System: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | KPI Green Energy | Websol Energy System |
|---|---|---|
| Sector | Solar IPP + EPC: captive solar power projects (Gujarat, KUSUM scheme) | Solar cell manufacturing: mono + poly crystalline cells (Kolkata SEZ) |
| Market Cap | Rs 7,330 Cr | Rs 4,189 Cr |
| P/E Ratio | 14.39x | 13.82x (near-equal!) |
| ROE | 15.69% | 48.04% (exceptional!) |
| Debt to Equity | 1.71 (IPP project stage) | 0.21 |
| Business | Solar power plant development + generation (recurring) | Solar cell manufacturing (B2B supply) |
| Gujarat Focus | Yes (primary geography) | No (Kolkata SEZ) |
Conclusion
The KPI Green Energy vs Websol Energy System comparison above covers reach, products, results and valuation. KPI Green Energy vs Websol Energy System covers solar power generation (IPP) versus solar cell manufacturing. KPI Green Energy generates revenue from long-term solar power contracts. Websol manufactures solar cells with an unusually high ROE. KPI vs Websol investors should track Gujarat solar policy, captive power demand and solar cell manufacturing margins. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does KPI Green Energy do?
Ans. KPI Green Energy (KPI Global Infrastructure) develops and operates solar power plants for industrial consumers in Gujarat under captive power arrangements (where the factory owns/contracts power from a solar plant) and KUSUM scheme solar projects.
What does Websol Energy System make?
Ans. Websol Energy System manufactures silicon solar cells at its Falta SEZ (Special Economic Zone) facility near Kolkata. It supplies solar cells to panel assemblers across India.
What is a solar IPP?
Ans. An IPP (Independent Power Producer) builds and operates power plants and sells electricity to consumers (captive) or utilities under long-term power purchase agreements (PPAs). KPI Green Energy is a solar IPP.
Why is Websol ROE so high?
Ans. Websol Energy System’s ROE of 48.04 percent is exceptional – likely reflecting high profitability from solar cell manufacturing in a period of strong demand and favorable cell prices relative to its equity base.
Are KPI Green and Websol in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Which is larger?
Ans. KPI Green Energy at Rs 7,330 Cr is approximately 1.75 times larger than Websol Energy System at Rs 4,189 Cr.
What is the KUSUM scheme?
Ans. KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) is India’s government scheme to add solar capacity in rural areas – for solarizing agricultural feeders and installing solar pumps for farmers.
