KPI Green Energy jumps 10% and hits the upper circuit today
The company’s shares have delivered a remarkable return of around 6000% to their shareholders in the past three years.
KPI Green Energy Limited is an Indian solar power generation company. 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. 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 1691.15 per share, compared to the previous day’s closing figure of Rs 1658 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1823.80 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 7330 crore, and the stock has generated a return of 285% in the past one year and a 6030% in the past three years.
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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 IPP segment develops and maintains grid-connected solar power projects, selling the generated power units. The CPP segment develops, transfers, operates, and maintains grid-connected solar power projects, selling these projects to customers. Both IPP and CPP activities are carried out at its plants located in Sudi, Samiyala, Tanchha, and Bhimpura villages in Amod taluka of Bharuch district, Gujarat (Solarism Plant). The company also provides operation and maintenance services (OMS) and sells land parcels to third parties for the development of solar power plants.
During the second quarter, the company reported revenues of Rs 215 crore, reflecting a growth of 35% 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. Moreover, the company’s net profit grew by around 67% YoY during the quarter.
The company’s ROCE and ROE are 24.7% and 53.4% respectively and the stock is trading at a PE of 54.4 times in the market.
In terms of ownership, the Promoter holds 53.08%. The FIIs and DIIs hold 5.96% and 2.09%, while the remaining 38.86% is held by public investors, as per the most recent update.
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