The share price of the small-cap company rose by 0.8 percent to its intraday high of Rs 749 per share from the previous close of Rs 743.8 per share on Wednesday, after the company received a new order from Aditya Birla Group.
In the filling of KP Energy Limited, the company has received a new order for the development of an 86.1MW wind power project part of a wind-solar hybrid power project from ABREL EPC (Aditya Birla Group company) Limited.
This project includes installing wind turbines and providing EPCC (Engineering, Procurement, Construction, and Commissioning) services for the wind portion (86.1 MW) of the overall 151.1 MW (including 65 MW solar) project.
According to KP Energy Limited’s financial statements, net revenue increased by 25% year on year, from Rs 55.34 crore in Q2FY23 to Rs 69.38 crore in Q2FY24.
In addition, their net profit increased by 26 percent year on year to Rs 35 crore in Q2FY24 from Rs 6.51 crore in Q2FY23.
The small-cap company has a market capitalization of Rs 1,640 Crores, also the price-to-earnings ratio of 42 with a return on equity of 53 percent, a return on capital employed of 30 percent, and a net profit margin of 17 percent.
KP Energy Ltd is also a multi-bagger stock, with a share price increase of 69 percent in the last six months and 210 percent in the previous year. For example, if an investor put in Rs 1 lakh a year ago, the current value is Rs 3.10 lakhs.
The company promoter owns 55 percent of the company, the general public owns 41 percent, foreign institutional investors own 2 percent, and domestic institutional investors own 2 percent.
KP Energy Limited is a Wind Energy industry balance of plant (BoP) solution provider. The company is involved in the entire wind farm development process, from conceptualization to project commissioning.
Written by Sriram KV
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