Shares of this Green Energy stock under the ‘small-cap’ category jumped up to 3 percent on Thursday after the commissioning of a 7.80 Megawatt (MW) Wind-Solar Hybrid Power Project. 

With a market capitalization of Rs 3,033.27 crores, the stocks of KPI Green Energy Limited (KPIG) started their trading session at Rs 839.95 and currently trade at Rs 838.75. The company’s scrip witnessed an intra-day high of Rs 840.70 indicating a gain of around 3 percent compared to the previous close of Rs 814.65 apiece. 

The company, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 13th September 2023, intimated about the receipt of a 7.80 Megawatt (MW) Wind-Solar Hybrid Power Project under the ‘Captive Power Producer’ (CPP) business segment. 

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The order is divided into two parts comprising 4.20 MW wind through KPI Green Energy Limited and 3.60 MWdc solar capacity through ‘KPIG Energia Private Limited’, its wholly-owned subsidiary. 

During the recent quarters, the company has increased its fundamental business indicators such as the operating revenues as well as after-tax profit numbers. The operating revenues moved up from Rs 182.4 crores during Q4FY22-23 to Rs 189.36 crores during Q1FY23-24, and, the after-tax profits, during the same time period, took a shift from Rs 31.78 crores to Rs 33.26 crores. 

The profitability metrics of the company have also improved with the return on equity (RoE) increasing from 32.51 percent during FY21-22 to 53.26 percent during FY22-23. In addition, the return on capital employed (RoCE) takes a shift from 22.91 percent to 29.71 percent keeping the timeframe the same. 

The latest shareholding pattern data of the company represents the Promoters holding a 54.81 percent stake and the Foreign Institutional Investors (FIIs) holding a 1.1 percent stake in the company. 

Incorporated in 2008, KPI Green Energy Limited is involved in the business of generating and supplying solar power under the brand name of ‘Solarism’ in India. It develops and maintains solar power plants as an independent power producer as well as captive power producer. 

Written by Amit Madnani 


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