2:1 bonus share & 3,750 per cent multibagger returns: This power generation company commissions a 25.2-MW wind power project at Sidhpur site in Devbhoomi Dwarka!

The stock gave multibagger returns of 650 per cent in just 1 year and a whopping 3,750 per cent in 3 years.

KP Energy Ltd has successfully commissioned a further 25.2 MW (Phase-VI) ISTS-connected wind power project comprising 12 numbers of WTGs of 2.1MW each at the Sidhpur site in Devbhoomi Dwarka. This Phase-VI commissioning is a part of the 250.8MW ISTS-connected wind power project capacity awarded to Apraava Energy Private Limited by Solar Energy Corporation of India Limited (SECI) under tranche-VIII bidding. KP Energy is developing the Project for Apraava Energy Private Limited as a contractor under the land and balance of plant contract.

With the present Phase-VI commissioning, the net cumulative capacity commissioned at the Sidhpur site stands at 163.8MW (i.e., 52.5MW + 29.4MW + 25.2MW + 21MW+ 10.5MW + 25.2MW) against the awarded capacity of 250.8MW.

K.P. Energy Limited is a balance of plant (BoP) solution provider for the wind energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.

Talking about finances, this power company has a market cap of over Rs 2,700 crore with a 3-year stock price CAGR of 250 per cent. The shares of the company have an ROE of 41.4 per cent and an ROCE of 51.2 per cent. The company reported positive numbers in its Quarterly Results (Q3FY24) and annual results (FY23). In the December quarter (Q3FY24), FIIs increased their stake from 0.26 per cent to 0.37 per cent.

On Friday, shares of KP Energy Ltd gained 2.11 per cent upper circuit to Rs 421 per share from its previous closing of Rs 412.30 with an intraday high of Rs 424.80 and an intraday low of Rs 415. The stock’s 52-week high is Rs 465 and its 52-week low of Rs 47.64.

Earlier, the shares of company ex-traded bonus shares in the ratio 2:1, i.e., shareholders are entitled to the issuance of bonus equity shares of the company in the proportion of 2 equity shares of Rs 5 each for every 1 existing equity share of Rs 5 each as of record date. The ex-date was Monday, February 12, 2024.

The stock gave multibagger returns of 650 per cent in just 1 year and a whopping 3,750 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.