541 MW order book: This multibagger power generation company successfully commissioned total of 34.18 MWp solar power projects under CPP segment!

The stock gave multibagger returns of 195 per cent in just 1 year whereas BSE Sensex Index is up by 18.25 per cent.

KPI Green Energy announced the successful commissioning of solar power projects totalling 17.35 MWp by KPI Green Energy Limited and our wholly-owned subsidiary, KPIG Energia Private Limited. These projects were executed on behalf of esteemed clients, namely, Jay Metal Tech, Reenam Fabrics Pvt Ltd., JPB Fibers, and Creative Technologies, as part of our 'Captive Power Producer (CPP)' business segment. Furthermore, the approvals from the Chief Electrical Inspector (CEIG) have been received in the names of the respective clients.

Additionally, the company has successfully commissioned the total of 16.83 MWp solar power projects under the 'Captive Power Producer (CPP)' segment of our Company. The company has completed its scope of activities in line with the agreement with the respective CPP customers. Additionally, approvals from the Chief Electrical Inspector (CEIG) have been obtained in the name of respective customers.

On Wednesday, shares of KPI Green Energy Ltd plunged 3.75 per cent to Rs 1,281.20 per share from its previous closing of Rs 1,331.05 with an intraday high of Rs 1,326.40 and an intraday low of Rs 1,251. The stock’s 52-week high is Rs 1,413.70 and its 52-week low is Rs 388.55.

Recently, the company approved the issuance and allotment of 2.54 crore equity shares to eligible QIBs at Rs 1,183 per share (including premium) during the issue open from December 18th to 21st, 2023. This raised Rs 300 crore, increasing our paid-up share capital from Rs 37.65 million to Rs 40.2 million. This QIP strengthens our capital base and paves the way for the next chapter of our growth journey.

In the QIB, various mutual funds, FPI, SI – NBFC, AIF, etc took part. Names like Quant Mutual Fund, Vikasa India Fund, Yes Bank Limited, Leading Light Fund VCC, Morgan Stanley Asia (Singapore) PTE, Goldman Sachs (Singapore) PTE – ODI, SBI General Insurance Company Limited, Societe Generale, Citigroup Global Markets Mauritius Private Limited, etc were part of QIB.

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.

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 5,000 crore.

The shares of the company have an ROE of 53.4 per cent and a ROCE of 24.7 per cent. The stock gave multibagger returns of 195 per cent in just 1 year whereas BSE Sensex Index is up by 18.25 per cent. Furthermore, the stock generated 670 per cent returns in 2 years and a whopping 4,340 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.