9,300 per cent returns: This multibagger solar power stock bags new order for 74.3 MW Solar Power Project!

Shares of the company gained more than 220 per cent in the last six months.

KPI Green Energy has secured new solar power projects totalling to 74.3 MW. This includes 27MW undertaken directly by KPI Green, with 20 MW of that designated for a wind solar hybrid project. The remaining capacity will be developed by KPI Green’s wholly-owned subsidiaries, KPark Sunbeat Private Limited (30 MW) and Sun Drops Energia Private Limited (17.3 MW). These subsidiaries will operate under the Captive Power Producer (CPP) segment, providing solar power directly to specific clients.

The awarded projects involve 19 domestic entities, including textile companies like Micro Life Sciences and Ameen Silk Mills, Bhathwari Technologies for a wind-solar hybrid project, and various other textile companies. The projects are scheduled for completion in various phases throughout the financial year 2024-25.

In Q4FY24, the company posted a 58.64 per cent increase in its consolidated revenue at Rs 289.36 crore compared to Rs 182.40 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 96.48 crore, while the PAT of the company stood at Rs 43.04 crore, from Rs 31.78 crore last year in the same quarter. The stock has delivered multibagger returns of over 9,300 per cent return in the last three years.

KPI Green Energy Limited is part of KP Group. The company develops, builds, owns, manages, and maintains renewable power facilities (solar and wind-solar hybrid power projects) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.