2,350 per cent returns: This multibagger power generation company receiving CEIG approval for a 7 MW solar power project under CPP segment!

The stock gave multibagger returns of over 100 per cent in just 6 months whereas BSE Sensex Index is up by 13.56 per cent.

KPI Green Energy Ltd informed that the company announced that the company have successfully completed a 7 MW solar power project, achieved through our wholly-owned subsidiary, M/s Sun Drops Energia Private Limited.

This project was executed for our esteemed clients, Mittal Waves Private Limited, Hanuman Overseas, Tanushree International Pvt Ltd, Maharaja Industries, Hanuman Polyester Pvt Ltd and Sabreemalai Designs Pvt Ltd, as part of our 'Captive Power Producer (CPP)' business segment.

Earlier, the company was awarded a letter of intent (LOI) for a 145.20 MW wind-solar hybrid power project (comprising 145.20 MW Wind and 50 MW Solar) by Ayana Renewable Power Four Private Limited, based in Bangalore. This project will be located in the state of Gujarat and falls under the Company's 'Captive Power Producer (CPP)' business segment. The project is scheduled to be completed in the financial year 2024-25.

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 Rs 2,976 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 Friday, shares of KPI Green Energy Ltd plunged 0.02 per cent to Rs 823.80 per share with an intraday high of Rs 833.25 and an intraday low of Rs 820.85. 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 13.56 per cent. Furthermore, the stock generated 1,150 per cent returns in 2 years and a whopping 2,350 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.