The shares of the leading transmission tower manufacturer gained up to 9 percent from an intraday low after the company received a new order from multiple clients worth Rs 53.23 crore.
With a market capitalization of Rs 2,585.75 crore, the shares of KP Green Engineering Ltd were trading at Rs 522.85 per share, increasing around 3.27 percent as compared to the previous closing price of Rs 506.30 apiece.
Reason for rise:-
Today, KP Green Engineering Ltd’s shares rose after receiving a fresh order for Rs 53.23 crore from numerous local and international clients. The order includes a 66 kV Substation for the 220 kV Viagra Project, GI Tower Material, Earthing Strip for the 240 MW Solar Project, 220 kV DC & MC Tower 120 & 86 Micron for the 220 kV Khambhliya Project, 220 kV EHV Line Project, Solar MMS Supply and Galvanizing Job Work, and Solar Beam Supply from an international company.
Financial performance:-
Examine the company’s financial performance, revenue being magnified by 135 percent from Rs 104 crore in H1FY24 to Rs 245 crore in H2FY24, and during the same time frame, net profit also zoomed by 118 percent from Rs 11 crore to Rs 24 crore.
Multibagger return:-
The stock has given multi-bagger delivered returns of 150.00 percent in the last six months. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.50 lakh in a year.
Ratio analysis:-
Examining the company’s crucial ratio, return on equity inclined from 37.68 percent in FY22-23 to 13.26 percent in FY23-24, while during the same time frame return on capital employed also inclined from 50.47 percent to 18.21 percent. In contrast, the net profit margin (NPM) stands at 10.13 percent in fiscal year 23-24.
Company snapshot:-
KP Green Engineering Limited manufactures fabricated and hot-dip galvanized steel products. The company’s product offerings include Lattice Tower Structures, Substation Structures, Solar Module Mounting Structures, Cable Trays, Earthing Strips, and Beam Crash Barriers.
Writtten by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
