The shares of this green energy stock are in focus after the company announced that its subsidiary has secured a fresh order under the Gujarat Renewable Energy Policy. In this article, we will discuss more about the order details.
With a market capitalization of Rs 9,240 crore, the shares of KPI Green Energy Ltd are currently trading at Rs 468 per share, down by 37.12 percent from its 52-week high of Rs 744.37 per share. In the last one year, the stock has delivered a negative return of 22 percent.
On Thursday, the company reported via a stock exchange filing that its subsidiary, M/s. Sun Drops Energia Private Limited, has received Letters of Award to execute solar power projects to the total capacity of 36.87 MW under its Captive Power Producer (CPP) segment with projects under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy as referred to in Gujarat Renewable Energy Policy 2023 and GERC Tariff Orders No. 5 and 6 of 2024. As of the latest filing, the company has an order book of over 2.95 GW.
Financial Highlights
The company reported a revenue of Rs 1,735 crore in FY25, up by 69.43 percent from its FY24 revenue of Rs 1,024 crores. Additionally, it reported a net profit growth of 101 percent to Rs 325 crore in FY25 from Rs 162 crores in FY24.
It delivered an ROE and ROCE of 18.66 percent and 17.50 percent respectively, and is currently trading at a P/E of 28.80x as compared to its industry average of 38.40x.
KPI Green Energy Limited, operating under the brand Solarism, is focused on producing and supplying solar electricity in India. The company develops, builds, owns, operates, and maintains solar power plants as both an independent power producer and as a captive power producer. Additionally, KPI Green Energy Limited sells plots of land, including industrial plots, to third parties, as well as provides operation & maintenance services and hybrid energy solutions.
Written by Satyajeet Mukherjee
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