ICRA ne KPI Green Energy ki credit rating ko confirm kar diya hai. FY2026 mein company ne solid growth dikhayi hai, lekin aggressive expansion ke liye liye gaye heavy debt par bhi nazar rakhna zaroori hai.
ICRA ka kya kehna hai?
ICRA ne KPI Green Energy ki long-term fund-based facilities ko [ICRA]A (Stable) rating di hai, jisme ₹4,937.61 Crore ka amount shamil hai. Sath hi, NCDs ke liye [ICRA]AA+ (CE) (Stable) rating confirm ki gayi hai. Basically, agency company ki financial health se khush hai, par kuch risks abhi bhi baaki hain.
Numbers mein dam hai!
Company ne FY2026 mein tagda performance diya hai. Consolidated revenue badh kar ₹2,695.9 Crore pahunch gaya hai, jo last year ₹1,736.8 Crore tha. Company ka OPBDITA bhi ₹957.8 Crore raha, aur margins 35.5% par expand hue hain.
Investors ke liye Warning Signs
Performance achi hai, lekin ICRA ne leverage metrics ko lekar thoda alert kiya hai. Company 1.2 GW ke IPP aur BESS projects ke liye bahut zyada debt le rahi hai.
Main concerns kya hain?
- High Debt: Aggressive expansion ka pura load debt par hai.
- Working Capital: High intensity working capital requirements ek challenge bani hui hai.
- Gujarat Focus: Project concentration Gujarat mein zyada hai, jo ek risk factor hai.
Aage kya dekhein?
Ab sab kuch ₹4,700 Crore ke order book ko execute karne par depend karta hai. Agar bina kisi cost overrun ke projects time par khatam ho gaye, toh company ka outlook strong bana rahega. Investors ko debt-to-equity ratio par lagatar नजर रखनी चाहिए.