The shares of this multi-bagger Green Energy stock gained up to 7 percent on Friday after it received an order aggregating to a 5.70 MW Solar Power Plant from its subsidiary.
KPI Green Energy Ltd is a small-cap company with a market capitalization of Rs 3,133 crores. The company shares closed at Rs 867.20 a share, an increase of 4.80 percent from the previous stock price of Rs 826.55.
According to the company regulatory filing, KPI Green Energy Ltd received an order for 5.70 MW solar power projects received by M/s. Sun Drops Energia Private Limited is a wholly-owned subsidiary of a captive power producer.
In addition to the above-mentioned order, KPI Green Energy Ltd has crossed 112+ MW of solar power project orders to date under the captive power producer (CPP) segment of the company.
Having a look at the company’s financials, the company’s revenue increased 180 percent from Rs. 229.94 crores in Q4FY22 to Rs 643.79 crores in Q4FY23. Further, During the same period, Net Profit increased by 153.48 percent from Rs 43.25 crores to Rs 109.63 crores.
The company reported excellent return ratios in the recent financial year with a return on equity (ROE) of 53.26 percent and a return on capital employed (ROCE) of 29.71 percent.
KPI Green Energy Ltd stock gave a 75.67 percent return in six months and a 147.04 percent return in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.47 Lakhs in a year.
As per the recent shareholding pattern, The Promoters of the Company own 54.83 percent, Retail shareholders own a 40.92 percent stake in the company and Foreign Institutional Investors own a 1.86 percent stake.
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:- Abhishek Singh
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