KPI Green Energy Share Price: 14.1% CAGR in 3 Years as This Smaller Renewable Player Matches Adani Green, Tata Power and NHPC
- November 4, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
KPI Green Energy Share Price: 14.1% CAGR in 3 Years as This Smaller Renewable Player Matches Adani Green, Tata Power and NHPC
KPI Green Energy previous close Rs 286.20. 3-year CAGR 14.1%. P/E 11.51 vs industry 20.44. ROE 15.69%. Market cap Rs 5,670 crore.
Quick Answer
The KPI Green Energy share price closed at Rs 286.20 on 3 November 2026, a compounded annual return of 14.1% over three years. That compares with NHPC at 16.6%, Adani Green Energy at 14.1% and Tata Power Company at 13.4%. The company has a market cap of Rs 5,670 crore and a P/E of 11.51 against an industry P/E of 20.44.
The KPI Green Energy share price offers a different angle on India’s clean energy build-out. KPI Green Energy, which now reports as KPI Global Infrastructure, is a Gujarat-based renewable power developer, far smaller than the giants of the sector, yet its three-year return stands level with Adani Green and above Tata Power.
We compare its compounded return with NHPC, Adani Green Energy and Tata Power, and put the numbers beside market cap, valuation, return on equity and debt. All prices are adjusted for corporate actions, so the comparison is on equal terms.
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How Much Has the KPI Green Energy Share Price Returned in 3 Years?
The KPI Green Energy stock closed at Rs 192.68 on 3 November 2023 and at Rs 286.20 on 3 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.49 lakh, which is a CAGR of 14.1%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as KPI Green Energy can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The KPI Green Energy share price has moved with investor appetite for solar and wind-solar hybrid projects, which has stayed strong as India pushes to expand clean power capacity.
KPI Green Energy vs NHPC, Adani Green Energy and Tata Power Company: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 3 November 2026.
| Company | Close on 3 Nov 2023 | Previous close (3 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| NHPC | Rs 50.15 | Rs 79.40 | 1.6x | 16.6% |
| KPI Green Energy | Rs 192.68 | Rs 286.20 | 1.5x | 14.1% |
| Adani Green Energy | Rs 902.70 | Rs 1,339.30 | 1.5x | 14.1% |
| Tata Power Company | Rs 244.60 | Rs 356.55 | 1.5x | 13.4% |
The KPI Green Energy stock ranks second of the four at 14.1%. It sits ahead of Adani Green Energy (14.1%) and Tata Power Company (13.4%). The company ahead is NHPC (16.6%). The group is closely bunched. KPI Green Energy and Adani Green are separated by a fraction of a percentage point, while NHPC leads and Tata Power follows a little behind.
Look at the KPI Green Energy share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Adani Green Energy | Rs 2,19,898 crore | 97.80 | 20.44 | 8.68% | 5.48 |
| Tata Power Company | Rs 1,13,658 crore | 21.62 | 20.44 | 9.49% | 1.93 |
| NHPC | Rs 79,657 crore | 18.66 | 20.44 | 9.09% | 1.26 |
| KPI Green Energy | Rs 5,670 crore | 11.51 | 20.44 | 15.69% | 1.71 |
By market cap, Adani Green Energy is the largest of the group at Rs 2,19,898 crore, while the KPI Green Energy stock stands at Rs 5,670 crore, about 3% of that size. On earnings, KPI Green Energy shares trade at a P/E of 11.51 against an industry P/E of 20.44, a discount of about 44% to the sector, which leaves room if earnings keep growing. Peer multiples are NHPC at 18.66, Adani Green Energy at 97.80 and Tata Power Company at 21.62.
Return on equity is 15.69% for the KPI Green Energy stock, which ranks first among the four, and debt to equity stands at 1.71. Trailing EPS is Rs 24.92. Power companies tend to carry higher debt because projects are capital-heavy, so reading P/E together with debt to equity gives a fairer picture of each balance sheet.
What Is Driving the KPI Green Energy Stock?
KPI Green Energy develops and operates solar and wind-solar hybrid power plants, and it also supplies renewable power to commercial and industrial users who want clean electricity for their own operations. It is part of the KP Group based in Surat.
The captive and group-captive model is a growth lever. Industrial buyers sign long-term agreements for renewable power, which gives the developer predictable revenue, while the buyer cuts its electricity bill and meets sustainability targets.
Those following the KPI Green Energy share price generally watch commissioned capacity, the pipeline of projects under construction, and the debt raised to fund them.
How the Established Players Stack Up
NHPC is the state-owned hydropower generator and leads the group with a 16.6% CAGR. It trades at a P/E of 18.66, below the industry average, and yields 2.03% in dividends.
Adani Green Energy is the large renewable platform, with a market cap of Rs 2,19,898 crore. It compounded at 14.1% a year and trades at a P/E of 97.80, reflecting heavy expansion expectations.
Tata Power Company is an integrated utility spanning generation, transmission, distribution and renewables. It compounded at 13.4% a year on a market cap of Rs 1,13,658 crore, with a P/E of 21.62.
What Should Investors Track Next?
Three things to follow on the KPI Green Energy share price. First, how fast new capacity is commissioned. Second, the cost of debt as it funds expansion. Third, power purchase agreement terms, which fix the revenue per unit.
Its debt to equity ratio is 1.71, typical for a company building capital-intensive projects. The P/E of 11.51 sits below the sector average of 20.44, which leaves room for the market to reward execution. A three-year CAGR describes the past, not the future.
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How to Compare Power Stocks Yourself
You can repeat this exercise for any pair of stocks, including the KPI Green Energy stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the KPI Green Energy share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the KPI Green Energy share price and compare power stocks live.
A Compact Renewable Developer Keeping Pace With the Giants
The KPI Green Energy share price compounded at 14.1% a year, level with Adani Green at 14.1%, ahead of Tata Power at 13.4% and just behind NHPC at 16.6%.
It trades at the lowest P/E in the group and posts the highest ROE among the four, with the caveat that debt funds its expansion. Investors wanting renewable exposure at different sizes can use the group as a starting list.
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 is the KPI Green Energy share price today?
Ans. KPI Green Energy closed at Rs 286.20 on 3 November 2026, according to NSE data. It has a market cap of Rs 5,670 crore and a P/E of 11.51. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the KPI Green Energy stock?
Ans. KPI Green Energy delivered a price CAGR of 14.1% over three years, moving from Rs 192.68 on 3 November 2023 to Rs 286.20 on 3 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is KPI Green Energy better than Adani Green or Tata Power?
Ans. The KPI Green Energy stock compounded at 14.1%, level with Adani Green at 14.1% and above Tata Power at 13.4%. KPI trades at a lower P/E of 11.51 against 97.80 for Adani Green. Both are capital-heavy, so check debt before comparing.
What does KPI Green Energy do?
Ans. KPI Green Energy, now reporting as KPI Global Infrastructure, is a Surat-based renewable energy developer. It builds and runs solar and wind-solar hybrid plants and supplies clean power to industrial customers.
Is the KPI Green Energy stock debt free?
Ans. The debt to equity ratio of the KPI Green Energy stock is 1.71 and its return on equity is 15.69%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is KPI Green Energy expensive compared with the industry?
Ans. KPI Green Energy trades at a P/E of 11.51 against an industry P/E of 20.44. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which power stock gave the highest return in 3 years?
Ans. Among the companies compared here, NHPC delivered the highest three-year CAGR at 16.6%, followed by KPI Green Energy at 14.1%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
