The recent update on KPI Green Energy’s shares
KPI Green Energy shares hit a 5% upper circuit lock on February 6 due to receiving a 15 MW order from Aether Industries.
The share reached a 52-week high of Rs 2,302.65, rising from Rs. 390.00.
KPIG Energia Private Limited secured a new order for a 15 MW solar power project under the Captive Power Producer (CPP) segment.
The company has received strategic orders from Aether Industries, Skywin Paper Industries Pvt. Ltd., and Shree Varudi Paper Mill.
KPI Green Energy announced the issuance of bonus shares in a 1:2 ratio, rewarding investors.
As of December, the promoter’s stake in KPI Green Energy was 53.08 percent, while public shareholding accounted for 46.92 percent.
About KPI Green Energy Limited
KPI Green Energy Limited, founded in February 2008, is a key player in the renewable energy sector.
The company focuses on the development, construction, ownership, operation, and maintenance of renewable power plants.
As an independent power producer (IPP), KPI Green Energy also provides services to captive power producers (CPP).
The company operates under the brand name ‘Solarism’, catering to a diverse range of clients.
The company aims to achieve 1000+ MW in solar energy by 2025.
Recently, KPI Green Energy has entered the hybrid energy solution provider vertical, securing orders totaling 185+ MW.
The company aligns with the Government of India’s plans for renewable energy and aims to contribute to clean and green energy solutions.
KPI Green Energy’s holistic approach includes the entire life cycle of renewable power projects, ensuring efficiency and reliability.
The company’s brand ‘Solarism’ symbolizes technological advancements and a commitment to a sustainable future.
Management of KPI Green Energy Ltd.
Name Designation Faruk G Patel Chairman & Managing Director Bhadrabala D Joshi Non Executive Director Moh. Hanif Dalchawal Independent Director Shanker Baheria Independent Director Moh. Sohil Y Dabhoya Whole Time Director Venu Birappa Independent Director Sharadchandra B Patil Independent Director Afzal Harunbhai Malkani Non Executive Director
Registered Address of KPI Green Energy Ltd.
‘KP House’, ‘ Opp. Ishwar Farm Junction BRTS,, Near Bliss IVF Circle, Canal Road, Surat Gujarat 395017
Tel: 0261-2244757Fax: 0261-2234757Email: info@kpgroup.co Website: http://www.kpigreenenergy.com
Industry Type
Sector Power Sub Sector Power Generation Classification Smallcap Industry Name Power Generation and Supply BSE Scrip Code 542323 NSE Scrip Code KPIGREEN ISIN INE542W01017
Pros of KPI Green Energy Ltd.
Company is expected to give good quarter Company has a good return on equity (ROE) track record: 3 Years ROE 38.8% Debtor days have improved from 107 to 83.2 days. Company’s working capital requirements have reduced from 173 days to 76.1 days Company is expected to give good quarter
Cons of KPI Green Energy Ltd.
Stock is trading at 25.6 times its book value Promoter holding has decreased over last quarter: -1.75% Company might be capitalizing the interest cost Promoters have pledged 45.5% of their holding. Stock is trading at 25.6 times its book value
Historical Performance
Years Low High 1 Year 58.15 2302.65 3 Years 58.15 2302.65 5 Years 390.00 2302.65
Investment Returns
Period Returns 1 year 370.41% 2 Years 878.39% 3 Years 3534.81% 4 Years 3534.81% 5 Years 3534.81%
Dividend History of KPI Green Energy Ltd.
Announcement Date Ex-Date Dividend Type Dividend (%) Dividend (Rs) 03-10-2023 20-10-2023 Interim 2.5 0.25 07-08-2023 22-08-2023 Interim 2.5 0.25 25-01-2023 20-02-2023 Interim 2 0.20 12-10-2022 28-10-2022 Interim 2.5 0.25 10-08-2022 22-08-2022 Interim 3 0.30 09-05-2022 12-05-2022 Interim 21 2.10 11-01-2022 24-01-2022 Interim 4 0.40 26-10-2021 11-11-2021 Interim 6 0.60
Chart
Fundamental Analysis of KPI Green Energy Ltd.
Parameter Value Market Cap ₹ 9,219 Cr. Current Price ₹ 2,303 High / Low ₹ 2,311 / ₹ 389 Stock P/E 68.5 Book Value ₹ 89.9 Dividend Yield 0.07% ROCE 24.7% ROE 53.4% Face Value ₹ 10.0 Pledged Percentage 45.5% EVEBITDA 38.5 Change in Prom Hold -1.75% Debt to Equity 2.58 Return on Equity 53.4% EPS ₹ 37.2 Price to Book Value 25.6 Dividend Yield 0.07% Debt ₹ 838 Cr.
Peer Comparison
S.No. Name Mar Cap Rs.Cr. P/E Div Yld % ROCE % 1. KPI Green Energy 9219.30 68.47 0.07 24.66 2. Oriana Power Ltd 1602.70 144.65 0.00 27.08
Shareholding of KPI Green Energy Ltd.
Holders Mar-20 Mar-21 Mar-22 Mar-23 Dec-23 Promoters 51.47% 52.69% 54.52% 54.81% 53.08% FIIs 0.00% 0.00% 2.77% 2.54% 5.96% DIIs 0.00% 0.00% 0.00% 0.00% 2.09% Public 48.53% 47.31% 42.71% 42.64% 38.86% Govt. – – – – – Others – – – – –
Last 5 Years’ Sales (In Cr.)
March 2019 March 2020 March 2021 March 2022 March 2023 34 59 102 230 644
Last 5 Years’ Net Profit (In Cr.)
March 2019 March 2020 March 2021 March 2022 March 2023 9 6 22 43 110
Balance Sheet of KPI Green Energy Ltd. (In Cr.)
Mar-20 Mar-21 Mar-22 Mar-23 Sep-23 Equity Capital 18 18 18 36 36 Reserves 80 102 136 222 289 Borrowings + 139 240 446 676 838 Other Liabilities + 61 49 177 322 234 Total Liabilities 298 409 777 1,255 1,397 Fixed Assets + 213 244 482 801 859 CWIP 1 21 31 0 3 Investments 0 0 0 2 2 Other Assets + 85 144 264 453 533 Total Assets 298 409 777 1,255 1,397
Compounded Sales Growth
10 Years: % 5 Years: % 3 Years: 122% TTM: 83%
Compounded Profit Growth
10 Years: % 5 Years: % 3 Years: 157% TTM: 103%
CAGR
10 Years: % 5 Years: 129% 3 Years: 329% 1 Year: 370%
Return on Equity
10 Years: % 5 Years: % 3 Years: 39% Last Year: 53%
Cash Flow (In Cr.)
Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Operating Activities -17 40 -27 102 159 Investing Activities -15 -119 -63 -189 -309 Financing Activities 33 87 101 91 177 Net Cash Flow 1 8 11 4 27
Revenue and Profit Trend
Financial Year Revenue Growth Profit Growth FY 2022-23 122.59% 75.7% FY 2021-22 111.61% 206.72% FY 2020-21 74.6% 123.94% FY 2019-20 71.8% -27.04% FY 2018-19 9.35% 20.4%
Also Read – Affordable Housing Boosts LIC Housing Finance Share: Potential for 20–25% Portfolio Growth
Conclusion
This is a comprehensive guide to KPI Green Energy Ltd. The above-mentioned information and data are as of February 06, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments. If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please leave them in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
Disclaimer: Dear Readers, we are not authorized by SEBI (Securities and Exchange Board of India). The information provided above is for educational purposes and should not be considered financial advice or stock recommendations. Share price predictions are for reference purposes and are based on positive market indicators. The analysis does not account for uncertainties about future or current market conditions. The author, brokerage firm, or Finreturns.com are not liable for losses resulting from decisions. Finreturns.com advises consulting with certified experts before investment decisions.
[…] Also Read – KPI Green Energy Soars with a 15 MW Order: Shares Hit Upper Circuit […]