Green energy, also known as renewable energy, encompasses sustainable sources like solar, wind, hydroelectric, and geothermal power.
With increasing environmental concerns and the desire for energy independence, the global shift towards green energy has gained momentum, offering cleaner alternatives to traditional fossil fuels while reducing carbon emissions and combating climate change.
Here are three green energy stocks with ROEs of up to 51.2%.
K.P. Energy Ltd
KP Energy Limited is a balance of plant (BoP) solution provider in the wind energy market. The firm is involved in all stages of wind farm development, from idea to project commissioning. The organization focuses mostly on projects in Gujarat.
With a market capitalization of Rs 2,167 crore, on Friday, the shares closed at Rs 325 per share, decreasing around 1.80 percent as compared to the previous closing price.
The company’s revenue stood at Rs 81.36 crore in Q3FY24, during the same time frame, net profit stood at Rs 9.21 crore.
K.P. Energy Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 51.2 percent and a return on capital employed (ROCE) of 41.4 percent. The company’s stock has delivered multi-bagger returns of 537 percent in a year.
Insolation Energy Ltd
Insolation Energy Ltd manufactures high-efficiency solar panels and modules in a variety of sizes. The company’s 200 MW SPV Module production factory is located in Jaipur, stretched over more than 60,000 sq. ft, and equipped with the newest gear.
With a market capitalization of Rs 3,258 crore,on friday, the shares closed at Rs 1,564 per share, increasing around 5 percent as compared to the previous closing price.
The company’s revenue stood at Rs 278 crore in Q3FY24, during the same time frame, net profit stood at Rs 15 crore.
The company reported return ratios in the recent financial year with a return on equity (ROE) of 28.5 percent and a return on capital employed (ROCE) of 19.6 percent. The company’s stock has delivered multi-bagger returns of 1,101.36 percent in a year.
Indian Renewable Energy Development Agency Ltd
The Indian Renewable Energy Development Agency (IREDA) is a Mini Ratna (Category – I) government company that promotes, develops, and provides financial support for new and renewable energy (RE) projects, as well as energy efficiency and conservation (EEC) programs.
With a market capitalization of Rs 37,266 crore, the shares closed at Rs 139 per share, increasing around 5 percent as compared to the previous closing.
The company’s revenue stood at Rs 1,253 crore in Q3FY24, during the same time frame, net profit stood at Rs 336 crore.
The company reported return ratios in the recent financial year with a return on equity (ROE) of 15.4 percent and a return on capital employed (ROCE) of 8.17 percent. The company’s stock has delivered multi-bagger returns of 109.50 percent in a year.
Written by:- Abhishek Singh
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