The company’s shares have delivered an impressive multibagger return of over 240% to their shareholders in the past one year.
KPI Green Energy Limited is an India-based solar power generation company. The company focuses on providing solar power through various business verticals. Today, the company experienced a significant surge in its share price.
At the start of the day’s trading session, the stock opened at Rs 1371.40 per share, indicating an approximate 2.75% increase compared to the previous day’s closing figure of Rs 1334.60 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1467.60 per share on the BSE. The stock has reached the upper circuit price limit of 10%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
The company’s current market capitalisation stands at Rs 5,881 crore, and the stock has generated an impressive return of 241% during the past one year and around 4890% return in the past three years.
Trading and Delivery Volumes (Daily):
Business Overview
KPI Green Energy Limited is an India-based solar power generation company. The company focuses on providing solar power through various business verticals. It develops, builds, owns, operates, and maintains solar power plants as an Independent Power Producer (IPP) and Captive Power Producer (CPP), both under the brand name Solarism.
The company’s IPP segment is involved in developing and maintaining grid-connected solar power projects, selling power units generated from the company’s solar plants. Its CPP segment is engaged in developing, transferring, operating, and maintaining grid-connected solar power projects, and selling these projects to customers. IPP and CPP activities are conducted at plants located in Sudi, Samiyala, Tanchha, and Bhimpura villages in Amod taluka of Bharuch district, Gujarat (Solarism Plant). Additionally, the company provides operation and maintenance services (OMS) and sells land parcels to third parties for the development of solar power plants.
Financial Performance
In the second quarter of FY24, the company reported revenues of Rs 215 crore, reflecting an impressive growth of 34.55% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 160 crore. The company posted an operating profit of Rs 71 crore for the quarter, in contrast to an operating profit of Rs 53 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 35 crore, compared to a net profit of Rs 21 crore in the same period last year. The company’s net profit has significantly grown around 66.67% YoY this quarter. The company’s ROCE and ROE ratios are 24.7% and 53.4% respectively, while the stock is trading at a PE of 43.8 times in the market.
Shareholding Pattern:
In terms of ownership, the Promoter holds 53.08%. The FIIs increased their stakes from 4.24% to 7.22% in December 2023, while DIIs hold 2.25%. Previously, there were no holdings by DIIs in the company. The remaining 37.46% is held by public investors, according to the most recent update.
Stock Price Chart (Daily)
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.