In Tuesday’s trading session, shares of one of the leading steel products manufacturing stocks, specializing in the design, engineering, and construction of renewable energy solutions, jumped by upto 5 percent upon receiving orders worth Rs. 165.70 crores across multiple segments from multiple clients.
Price action
With a market capitalization of Rs. 2,731.25 crores on Tuesday, the shares of KP Green Engineering Limited rose by 4.5 percent making a low of Rs. 570 per share compared to its previous closing price of Rs. 546.25 per share.
What Happened
KP Green Engineering Limited specializes in offering comprehensive engineering, procurement, and construction (EPC) solutions for solar energy projects, catering to both industrial and residential clients.
KP Green Engineering Limited has received new orders worth Rs. 165.70 crores across multiple segments. These orders include Rs. 100.20 crores for solar projects, Rs. 39.10 crores for transmission towers, Rs. 2.60 crores for isolators, Rs. 11.70 crores for crash barriers, Rs. 4.20 crores for cable trays, and Rs. 7.90 crores for solar project material supply to international entities.The company aims to complete the execution of these orders within the current financial year.
About the company
KP Green Engineering Ltd. is a prominent player in the renewable energy sector in India, with a strong emphasis on solar power. The company specializes in providing comprehensive engineering, procurement, and construction (EPC) solutions for solar energy projects, catering to both industrial and residential clients.
The company is involved in the development of both utility-scale and rooftop solar power systems, offering end-to-end services including project planning, design, procurement, installation, and maintenance. With a commitment to sustainable energy, KP Green Engineering aims to contribute to India’s renewable energy goals by reducing reliance on fossil fuels and promoting clean, green energy solutions.
Product wise (revenue)
KP Green Engineering Ltd.’s revenue is mainly driven by Solar MMS Structures (44%) and Lattice Tower and Sub-Station Structures (34%). Other significant contributors include Cable Tray and Earthing Material (6%), Beam Crash Barriers (6%), Rooftops & Power Units (2%), and smaller portions from Galvanizing Job Work (1%), Isolators (1%), FRT (1%), and other products (5%)
Financials
The company’s revenue rose by 155 percent from Rs 104.13 crore to Rs 266.49 crore in H1FY24-25. Meanwhile, Net profit rose from Rs 5.03 crores to Rs 24.21 crore during the same period.
Key Financial ratios
KP Green Engineering Ltd has an impressive Return on Equity (RoE) of 18.51 percent and a Return on Capital Employed (RoCE) of 17.76 percent. Furthermore, the company’s debt-to-equity ratio is 0.54.
Written by Sridhar J
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