2,700 per cent returns: This multibagger power generation company bags new orders for 6.90 MW solar power plant from General Polytex Pvt Ltd!
The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Sensex Index is up by 9.83 per cent.
KPI Green Energy Ltd informed that the company has bagged new orders for executing a wind-solar hybrid power project for 6.90 MW capacity comprising 4.90 MW wind and 2 MW solar capacity from General Polytex Pvt Ltd, Surat under the ‘Captive Power Producer (CPP)’ segment of the company.
Earlier, the company bagged solar power projects of 4 MW capacity from Shree Parmeshwar Steel Pvt Ltd. and 3 MW capacity from Vivan Steels Pvt Ltd. under the ‘Captive Power Producer (CPP)’ segment of the company. The aggregate order size is 7 MW and is scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.
KPI Green Energy Ltd provides solar power, both as an independent power producer (IPP) and engineering, procurement & construction (EPC) services to captive power producers (CPP) customers. The company has a market cap of over Rs 3,200 crore.
According to the Quarterly Results, the net sales increased by 54.79 per cent to Rs 189.36 crore and the net profit increased by 49.59 per cent to Rs 33.26 crore in Q1FY24 compared to Q1FY23. The net sales increased by 179.98 per cent to Rs 643.79 crore and the net profit increased by 153.5 per cent to Rs 109.63 crore in FY23 compared to FY22.
On Thursday, shares of KPI Green Energy Ltd gained 3.15 per cent to Rs 907.95 per share from its previous closing of Rs 880.20. The stock’s 52-week high is Rs 953.80 and its 52-week low is Rs 345.
The shares of the company have a PE of 25.6x, an ROE of 53.4 per cent and a ROCE of 24.7 per cent. The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Sensex Index is up by 9.83 per cent. Furthermore, the stock generated 1,240 per cent returns in 2 years and a whopping 2,700 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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