The Shares of a leading renewable energy supplier rose 1.6 percent to Rs 834.95 apiece on Thursday after the company received a new order for the development of a 6.50 MW Solar Power Project.
At 11:25 a.m., KPI Green Energy Ltd shares were trading at Rs 826.90 a share on the National Stock Exchange, up Rs 5.80 or 0.71 percent. The company has a market capitalization of Rs 2,987 crores.
According to the KPI Green Energy Filing, the Company received new orders aggregating to 6.50 MW for executing solar power projects from Sun Drops Energia Private Limited, a wholly-owned subsidiary of the Company under the ‘Captive Power Producer (CPP)’ Segment of the Company.
In addition to the above-mentioned order, the Company’s cumulative orders of solar power projects, to date, have crossed 106+ MW under the CPP segment of the Company.
KPI Green Energy Ltd shares have gained returns of 66 percent in a year and 127 percent in a year. A shareholder investment of Rs 1 lakh in the company a year ago, would be worth Rs 2.27 crore.
The company’s revenue has increased by 35 percent yearly, rising from Rs 159 crore in Q2FY23 to Rs 215 crore in Q2FY24. Further, Net profit climbed by 62 percent within the same period, from Rs 21 crore to Rs 34 crore.
According to the recent shareholding pattern, the company promoters hold a 54.83 percent stake in the company, while Foreign Institutional Investors hold a 4.24 percent stake. And retail investors have a 40.91 percent stake in the company.
In the recent financial year, the company reported a net profit margin of 17.02 percent and an operating margin of 29.37 percent. In addition, the Return on equity at 21.25 percent, and the return on capital employed at 10.68 percent.
KPI Green Energy Ltd builds and manages solar power projects as an independent power producer and captive power producer under the Solarism brand.
Written by Omkar Chitnis
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