Stellar Q4 & FY23 result: This multibagger micro-cap stock reports a 200 per cent jump in net profit; do you own it?

- The stock gave multibagger returns of 201 per cent from its 52-week low of Rs 74 per share.

K.P. Energy Limited announced its Quarterly Results and annual results for the year ended March 31, 2023. Details Below:

Quarterly Results: The net sales increased by 38 per cent and the net profit increased by 200.71 per cent with EPS of Rs 6.76 in Q4FY23 compared to Q4FY22.      

Annual Results: The net sales increased by 74.86 per cent and the net profit increased by 146.59 per cent with EPS of Rs 19.75 in FY23 compared to FY22.     

On Friday, shares of K.P. Energy Ltd plunged by 3.37 per cent to Rs 210.75 per share, hitting an intraday high of Rs 222.75 and a low of Rs 207.50. Impressively, the stock has delivered multibagger returns of 201.04 per cent from its 52-week low of Rs 74 per share.

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K.P. Energy Limited operates as a balance of plant (BoP) solution provider in the wind energy industry. The company recently announced a 2:1 stock split, effective from the record date of Friday, March 10, 2023. Furthermore, the company experienced a significant surge in trading volume, with the shares witnessing a spurt of more than 3.32 times on BSE.

Notably, K.P. Energy Ltd has successfully completed the installation of a 10 MWdc Solar Power Project in Bharuch, thereby raising its total power generation capacity to 18.40 MW.

The stock currently boasts a PE ratio of 10.70x, while the sectoral PE stands at 23x. Additionally, it maintains a commendable Return on Equity (ROE) of 40.70 per cent. Investors should keep an eye on this stock.