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Sun Drops Energia ₹294 ▼ 1.3% 1M

Sun Drops Energia Unlisted Shares

Renewable Energy Solar power plant EPC and power generation

Sun Drops Energia Limited is a Surat-based renewable energy company in the KP Group. It builds solar power plants for captive users and owns solar projects that sell power under long term agreements.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹294 ▼ 1.34% in 1 month
Dealer quotes: ₹287 – ₹300 across 3 dealers
Key facts

Sun Drops Energia share details

Lot size
250 shares
Min. investment
₹73,500
Face value
₹5
Implied market cap
₹2,550 Cr
Shares outstanding
86,731,372
Founded
2019
Headquarters
Surat, Gujarat
ISIN
INE0H1U01025
CIN
U40107GJ2019PTC108373
Lock-in after IPO
6 months
Price history

Sun Drops Energia share price chart

1Y change
+5.76%
High
₹328
Low
₹248

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Sun Drops Energia

Sun Drops Energia Limited, formerly Sun Drops Energia Private Limited, is a renewable energy company registered in Gujarat in 2019. Its registered office is at KP House, Bhatar, Surat. It is a subsidiary of KPI Green Energy Limited, a listed company. The company works in two ways. It develops, builds and maintains solar power plants for customers as a Captive Power Producer. It also owns renewable power projects as an Independent Power Producer and sells the power under long term power purchase agreements. Its audited accounts mention an 8 MW solar plant at Ranada and a 13.6 MW hybrid solar plant at Vagra that are pledged against term loans. Most of the revenue comes from selling power plants. In FY26, revenue from operations was ₹58240.64 lakh, of which ₹55138.98 lakh came from sale of power plants and ₹3101.65 lakh from sale of power and services. In FY25, revenue from operations was ₹36666.95 lakh. Profit after tax for FY26 was ₹9706.67 lakh against ₹5124.91 lakh in FY25. These are standalone Ind AS figures from the audited accounts for the year ended 31 March 2026. KPI Green Energy Limited holds 57125392 equity shares, which is 65.87% of the company. Faruk Gulam Patel, the Chairman, holds 11383414 shares, or 13.13%. The company has 86731372 equity shares of face value ₹5 each, as per the annual report. Sun Drops Energia has no IPO journey on record with us yet, and we do not guess any dates or prices. Unlisted shares of a company like this are dealt off the stock exchange between private buyers and sellers. The indicative price on this page is ₹318 per share and a lot is 250 shares. Prices can differ between dealers and are not a quote from any exchange.

Strengths

  • Revenue from operations rose to ₹58240.64 lakh in FY26 from ₹36666.95 lakh in FY25, as per the audited standalone accounts.
  • Profit after tax was ₹9706.67 lakh in FY26 against ₹5124.91 lakh in FY25, and earnings per share were ₹11.19 against ₹7.40.
  • Net worth stood at ₹70117.75 lakh on 31 March 2026, up from ₹60462.52 lakh a year earlier, while total borrowings were ₹7707.18 lakh.
  • Cash flow from operations was positive at ₹8593.55 lakh in FY26, after a negative ₹15277.29 lakh in FY25.
  • The listed parent, KPI Green Energy Limited, holds 65.87% and has given a corporate guarantee for a term loan, according to the notes to the accounts.
  • The company earns from two sources: one time plant sales and long term power sales under power purchase agreements, which adds a steady income layer.

Risks

  • Most revenue, ₹55138.98 lakh of ₹58240.64 lakh in FY26, comes from selling power plants. Such sales depend on new orders and can swing from year to year.
  • Dealings with the parent are large. The accounts show loans given to KPI Green Energy Limited of ₹30836.24 lakh during the year and ₹21449.25 lakh shown against its name in the balance details.
  • Inventories rose to ₹28258.23 lakh from ₹10610.10 lakh, which ties up working capital.
  • Borrowings were ₹7707.18 lakh on 31 March 2026 against ₹4909.46 lakh a year earlier, and finance costs rose to ₹1111.10 lakh from ₹463.47 lakh.
  • Investing outflow was ₹12328.68 lakh in FY26, so the business keeps spending cash on projects.
  • The company pays royalty to its Chairman, Faruk Gulam Patel, of ₹1164.81 lakh, a related-party cost.
  • Trade payables jumped to ₹2992.83 lakh and ₹4123.09 lakh from ₹226.23 lakh and ₹1232.76 lakh, which makes timely payment to suppliers important.
  • Solar power is subject to government policy, tariff and grid rules, and a change in these can affect projects.
  • Unlisted shares are traded off market, so prices are indicative and it can be hard to find a buyer.
Financials

Sun Drops Energia financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 582 367
PAT (₹ Cr) 97.07 51.25
PAT Margin (%) 16.67 13.98
RoNW (%) 13.84 8.48
EPS (₹) 11.19 7.40
Debt / Equity 0.11 0.08
Total Assets (₹ Cr) 993 738
Net Worth (₹ Cr) 701 605

Swipe the table sideways for earlier years →

Leadership

Management team

Faruk G. Patel
Chairman and Non-Executive Director
Chairman of the board and a promoter shareholder.
Mohmed Sohil Yusuf Dabhoya
Whole-Time Director
Whole-time director on the board.
Salim Suleman Yahoo
Chief Financial Officer
Heads finance as CFO.
Krunal Bhatt
Company Secretary
Appointed Company Secretary on 03/04/2026.
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Sun Drops Energia unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.