Multibagger solar & wind power stock to keep under radar as company reports a 198 per cent jump in PAT & declares Re 0.20/share dividend
The stock gave multibagger returns of 266 per cent in just 1 year and a whopping 2,400 per cent in 3 years.
KP Energy Ltd, a trusted corporate group, is a leader in the renewable energy sector, specializing in high-quality Wind Turbine Generators (WTGs) and solar power projects. With a strong management team, efficient cost structure, and a robust order book, the company excels in providing turnkey solutions for wind farm projects across India. Their commitment to innovation and quality, coupled with a proven track record, positions them as a pioneer in sustainable energy solutions. KP Energy Ltd. is driving impactful change in India's renewable energy landscape, shaping a greener and more sustainable future.
Talking about finances, this power company has a market cap of over Rs 4,000 crore with a 3-year stock price CAGR of 195 per cent. The shares of the company have an ROE of 37 per cent and an ROCE of 41 per cent. The company reported positive numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25). In Q2FY25, the net sales increased by 183 per cent to Rs 198.62 crore and net profit increased by 198 per cent to Rs 25.16 crore compared to Q2FY24.
In H1FY25, the net sales increased by 78 per cent to Rs 325.80 crore and net profit increased by 82 per cent to Rs 43.61 crore compared to H1FY24. The Board declared Second Interim dividend at 4 per cent i.e., Re 0.20 (Twenty Paisa Only) per equity share having face value of Rs 5 each of the Company, for the financial year 2024-25. The Record date for payment of this interim dividend is November 14, 2024, as per our earlier intimation dated October 30, 2024.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Recently, K.P. Energy Limited has secured a substantial order of 1003.7 MW from KPI Green Energy Limited for the development of renewable energy projects in Gujarat. The order is divided into three phases: a hybrid solar and wind project, another hybrid project, and a solar-only project. K.P. Energy Limited will undertake the entire EPCC process for these projects, encompassing design, procurement, construction, and commissioning.
The stock gave multibagger returns of 266 per cent in just 1 year and a whopping 2,400 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.