Risk Intelligence
Geopolitical fuel cost volatility
View Risks →KP Green Engineering delivered a stellar FY26 with revenue surging 78% YoY to ₹1,250 crore, EBITDA more than doubling to ₹249 crore (margin expanding 400bps to 20%), and PAT rising 85% to ₹136 crore.
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KP Green Engineering delivered a stellar FY26 with revenue surging 78% YoY to ₹1,250 crore, EBITDA more than doubling to ₹249 crore (margin expanding 400bps to 20%), and PAT rising 85% to ₹136 crore. The outperformance was driven by strong execution across diversified verticals—transmission, telecom (BSNL order), solar structures, and heavy engineering—along with the commissioning of Asia's largest galvanizing plant. The order book stands at a robust ₹1,831 crore, providing clear near-term visibility. Management guided for 40-50% revenue growth in FY27, with EBITDA margins maintained in the 16-20% range. Key risks include geopolitical fuel cost volatility and potential execution delays from customer-side pushbacks.
Geopolitical fuel cost volatility
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Read Transcript →Order book as of March 31, 2026, providing strong revenue visibility for FY27.
Total installed capacity expanded significantly post-IPO capex, with current utilization at ~30%.
Actual production in FY26 was 1,24,500 metric tons out of 4,50,000 MTPA capacity.
Total value of tenders under bidding, with historical win ratio of 60-70%.
Management targets a minimum 40-50% year-on-year revenue growth for FY27, with potential to exceed based on capacity utilization.
Rising fuel costs due to geopolitical tensions could pressure margins, though management is hedging via green hydrogen blending and inventory buildup.
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