On Friday the share price of the small-cap company rose by 3 percent to its 52-week high of Rs 1540.05 per share from its previous close of Rs 1495.30 after the company received a new order from its wholly-owned subsidiary.
In the filing of KPI Green Energy Ltd, the company received a new order of 2 MW for executing a solar power project from its wholly-owned subsidiary KPIG Energia Private Limited. The project is expected to be finished in fiscal year 2024-25.
Net revenue increased by 34 percent year on year, from Rs 160 crore in Q2FY23 to Rs 215 crore in Q2FY24, according to the company’s financials. Their revenue rose by 13 percent sequentially from Rs 189 crore in Q1FY24 to the current levels.
In addition, the company’s net profit increased by 66 percent year on year, from Rs 21 crores in Q2FY23 to Rs 35 crores in Q2FY24. Their profit decreased by 6 percent on a quarterly basis from Rs 33 crore in Q1FY24 to the current levels.
KPI Green Energy Ltd is a small-cap company with a market capitalization of Rs 6,000 Crores. It has a low price-to-earnings ratio of 44 to its peers, a return on equity of 53 percent, a return on capital employed of 24 percent, and a net profit margin of 17 percent.
The share price of the company rose by 73 percent in the last six months and 250 percent last year, for instance, if an investor invested Rs 1 lakh a year ago the current value would be Rs 3.5 lakhs.
The promoter owns 55 percent of the company, the general public has 43 percent, and foreign institutional investors have 2 percent.
KPI Green Energy Limited is an Indian solar power generation company. The company’s primary goal is to provide solar energy through various business verticals. As an Independent Power Producer (IPP) and Captive Power Producer (CPP), the Company develops, builds, owns, operates, and maintains solar power plants under the brand name Solarism.
Written by Sriram KV
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