541 MW order book: This multibagger power generation company receives new order of 4.20 MW capacity from Sustainable Spinning and Commodities Pvt Ltd!

The stock gave multibagger returns of over 100 per cent in just 1 year whereas BSE Sensex Index is up by 7.57 per cent.

KPI Green Energy Ltd informed that the company has received a new order for executing a wind-solar hybrid power project for 4.20 MW capacity comprising 4.20 MW wind and 3.60 MW solar capacity from Sustainable Spinning and Commodities Pvt Ltd. under ‘captive power producer (CPP)’ segment of the company. The order will be completed in the current fiscal year 2023-2024.

Additionally, the company reported stellar quarterly results and half-yearly results with a healthy order book & interim dividend. Here are the details:

Quarterly Results – The net sales increased by 34.55 per cent to Rs 215.05 crore, operating profit increased by 35.76 per cent to Rs 72.04 crore and net profit increased by 64.22 per cent to Rs 34.74 crore in Q2FY24 compared to Q2FY23.

Half-Yearly Results - The net sales increased by 43.32 per cent to Rs 404.43 crore, operating profit increased by 49.34 per cent to Rs 142.50 crore and net profit increased by 56.73 per cent to Rs 68 crore in H2FY24 compared to H2FY23.

Order Book Update - During the H1FY24, on a Consolidated basis, the Company has energised a total of 33.00+ MW resulting in the cumulative consolidated capacity energised at 346+ MW. Company during H1F24 have bagged the single largest order of Hybrid CPP of 145.20 MW and has also won a 240 MW DC bid from GUVNL under the IPP Segment. With these, the total order book on hand at gross level stands at 541+ MW inching the company closer to its ambitious target of 1000 MW by 2025.

Dividend Update – The company has approved and declared an interim dividend at 2.5 per cent i.e., Rs 0.25 per equity share having a face value of Rs 10 each, on the equity share capital of the company for the financial year 2023-24. The Record date for payment of this interim dividend is October 20, 2023.

Annual Results - 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.

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 2,900 crore.

On Wednesday, shares of KPI Green Energy Ltd gained 1.88 per cent to Rs 813.85 per share from its previous closing of Rs 798.80. 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 24.3x, an ROE of 53.4 per cent and an ROCE of 24.7 per cent. The stock gave multibagger returns of over 100 per cent in just 1 year whereas BSE Sensex Index is up by 7.57 per cent. Furthermore, the stock generated 1,100 per cent returns in 2 years and a whopping 3,200 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.