750 per cent returns: This multibagger power company executes strategic partnership understanding with Government of Maharashtra!
The shares of the company have a PE of 16.1x whereas the industry PE is 32.1 with an ROE of 40.7 per cent and a ROCE of 49.5 per cent.
KP Energy Ltd has entered into a memorandum of understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a subsidiary of MPBCDC, a government undertaking of Maharashtra. This collaboration establishes a significant strategic partnership aimed at the advancement of diverse projects, particularly those in the realm of renewable energy.
Under this agreement, KP Energy has been appointed as a knowledge partner to MAHAPREIT, offering valuable assistance in overcoming initial challenges by designing and formulating a comprehensive blueprint for project-specific strategic planning. Furthermore, KP Energy will provide dedicated support in operational and control management aspects throughout the entire project lifecycle.
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 Rs 792.94 crore with a 3-year stock price CAGR of 103 per cent. The shares of the company have a PE of 16.1x whereas the industry PE is 32.1 with an ROE of 40.7 per cent and a ROCE of 49.5 per cent. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23).
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On Wednesday, shares of KP Energy Ltd jumped 5 per cent upper circuit to Rs 356.70 per share from its previous closing of Rs 339.70. The stock’s 52-week high is Rs 397 and its 52-week low of Rs 139.30.
The stock gave multibagger returns of 140 per cent in just 1 year and over 750 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.