Risk factor
Resilient to price shocks
Profitability factor
Strong margins and returns
About
Established in 2008 and headquartered in Surat, India, KPI Green Energy Limited is engaged in the production and distribution of solar energy throughout India, primarily under its 'Solarism' brand. The company manages the full spectrum of solar power plant activities, encompassing their development, construction, ownership, operation, and ongoing maintenance. It serves both as an independent power producer (IPP) and a captive power producer (CPP). Complementing these activities, the firm also markets land parcels to third parties. Formerly known as K.P.I. Global Infrastructure Limited, the company officially rebranded to KPI Green Energy Limited in April 2022.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITD.