India’s growth in solar & other forms of renewable energy has been nothing short of inspirational. Renewable Energy sources now contribute to over 30% of India’s total Installed capacity and these sources are growing at the fastest pace.
India has an installed power generation capacity of 425 GW and the capacity mix is as follows, 56 percent from fossil fuels, 17 percent from Solar, 12 percent from Hydro, 1 percent from wind, and 18 percent from others. By 2030 it wants to achieve 777 GW of installed power generation capacity.
As per the India Brand Equity Foundation (IBEF), India is the fourth largest in renewable energy and the fifth largest in solar power capacity. The sector is expected to grow at a CAGR of 16 percent doubling its capacity by 2026. The Government has allocated a budget of Rs. 19,500 Crores for manufacturing high-efficiency solar modules through a Production Linked Incentive (PLI) scheme for 280 GW solar capacity addition by 2030.
Here are the 3 Multibagger renewable energy stocks with Net Profit Margins of up to 48.36 percent
KPI Green Energy
KPI Green Energy is a renewable energy company that builds, develops, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producer (CPP) under the brand name ‘Solarism’. KPI Green operates a capacity of 111 MW under this service.
On December 11, 2023, the shares of KPI Green Energy Limited were trading at Rs. 1,215, up 5.91 percent from its previous day’s close price of Rs. 1,147.20 and its market capitalization is Rs. 4,385 Crores. It has delivered multi-bagger returns of 166 percent in a year and 78 percent in the last six months. It has a Net Profit margin of 17.03 percent.
KPI Green Energy has 541 MW of Total business in the Pipeline as of H1FY24 and it has secured 887+MW of capacity out of an ambitious target of 1000 MW by 2025.
The company’s revenue from operations grew 179.98 percent from Rs. 229.94 Crores in FY22 to Rs. 643.79 Crores in FY23, accompanied by increasing profits of Rs. 43.25 Crores to Rs. 109.63 Crores.
SJVN
SJVN Limited is engaged in the business of generation, transmission, and consultancy of renewable energy sources like hydro energy, wind energy, and solar energy.
On December 11, 2023, the shares of SJVN Limited were trading at Rs. 90.20, up 1.75 percent from its previous day’s close price of Rs. 88.65 and its market capitalization is Rs. 35,486 Crores. It has delivered multi-bagger returns of 137 percent in a year and 137 percent in the last six months. It has a Net Profit Margin of 46.26 percent.
SJVN Limited has a total project portfolio of 48,873 MW, its breakup is as follows, 56.28 percent Hydro &PSP, 39.06 percent Solar, 4.05 percent Thermal, and 0.61 percent Wind.
The company’s revenue from operations grew 21.57 percent from Rs. 2,417 Crores in FY22 to Rs. 2,938.35 Crores in FY23, accompanied by increasing profits of Rs. 989.8 Crores to Rs. 1,359.3 Crores.
Suzlon Energy
Suzlon Energy is a green energy generation company and renewable energy solutions provider engaged in the business of manufacturing, project execution, operation, and maintenance of wind turbine generators and sale of related components.
In the day’s trade on December 11, 2023, the shares of Suzlon Energy Limited were trading at Rs. 38.15, down 1.55 percent from its previous day’s close price of Rs. 38.75 and its market capitalization is Rs. 51,857 Crores. It has delivered multi-bagger returns of 272 percent in a year and 150 percent in the last six months. It has a Net Profit margin of 48.36 percent.
It has an order book of 1,613 MW and its key clientele consists of Reliance Industries, Adani Renewables, Blackrock, Gail, Tata, and many more.
The Company’s revenue from operations decreased 9.29 percent from Rs. 6,581.78 Crores in FY22 to Rs. 5,970.53 Crores in FY23, accompanied by a loss of Rs. 199.59 Crores to profit of Rs. 2,849.01 Crores.
Written by: Bharath K.S
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