KPI Green Energy Ltd has been a standout performer in the stock market, delivering exceptional returns to its investors. Over the past year, the stock has surged by over 189%, and it shows potential for further growth.
Stock Performance and Recent Developments
On Monday, KPI Green Energy’s shares dipped by 2.05% to ₹907.95 per share, down from the previous close of ₹926.95. The stock has a 52-week high of ₹1,116 and a 52-week low of ₹255.45, demonstrating significant volatility. Despite the recent dip, the company’s shares boast a strong Return on Equity (ROE) of 30% and a Return on Capital Employed (ROCE) of 22%.
KPI Green Energy recently announced that its wholly-owned subsidiary, Sun Drops Energia Private Limited, secured Letters of Intent for solar power projects totaling 13.30 MW. These projects, awarded by domestic entities like Sumicot Ltd, Ekta Prints Pvt Ltd, Radhika Fabrics, and Sanjopin Industries Pvt Ltd, are scheduled for completion in the financial year 2024-25.
The company has also undergone a stock split and a bonus issue this year. On July 18, 2024, the equity shares were split from ₹10 each into 2 equity shares of ₹5 each. Additionally, on February 15, 2024, the company issued bonus equity shares in a 1:2 ratio, further enhancing shareholder value.
About KPI Green Energy Ltd
Founded in 2008, KPI Green Energy Ltd is a key player in the renewable energy sector, focusing on solar power generation. Operating under the “Solarism” brand, the company provides a full spectrum of services for Independent Power Producers (IPPs) and Captive Power Producers (CPPs). With an installed capacity exceeding 445 MW, KPI Green Energy is a significant contributor to solar power development in Gujarat.
The company has a market cap of over ₹11,000 crore and maintains a robust order book, signaling continued demand for its services. Over the past year, the stock has delivered a remarkable 195% return, far outpacing the 26% rise of the BSE Sensex Index. Over the longer term, KPI Green Energy has generated a 525% return in two years and an astounding 10,600% return over five years, solidifying its status as a multibagger stock.
With its strong financials, consistent project wins, and strategic expansions, KPI Green Energy remains a stock to watch. Investors should keep an eye on this small-cap stock, which has already delivered impressive returns and holds potential for further growth in the renewable energy sector.
