Multibagger Wind & Solar Company Secures Approvals for 12.72 MW Wind-Solar Hybrid Power Project – Achieves Zero Debt Status in August 2024!

The company’s shares have delivered impressive multibagger returns of over 4,000 per cent in just 3 years.

Incorporated in 2008 and part of KP Group, the company is a key player in renewable power as an Independent Power Producer (IPP) and service provider under the ‘Solarism’ brand.

This Small-Cap company has obtained approvals from the Chief Electrical Inspector (CEIG) for a 12.72 MW Wind-Solar Hybrid Power Project under its Captive Power Plant (CPP) segment. These projects were successfully executed for the company's esteemed clients, KPI Green Energy Limited and Sun Drops Energia Private Limited, a wholly-owned subsidiary. Furthermore, the CEIG approvals have been issued in the names of the respective clients.

As of August 28, 2024, KPI Green Energy Limited has successfully achieved zero net debt on a standalone basis, marking a significant milestone in its commitment to maintaining a strong financial position. This achievement is expected to lead to substantial savings in annual interest and finance costs, further reinforcing the company’s financial stability and enhancing its credit profile.

On Friday the shares of KPI Green Energy Limited closed the day at around Rs 871.85 per share. The company’s current market capitalization stands at Rs 11,443.94 crore. The stock has delivered a multibagger return of over 4,100 per cent in the past 3 years.

As per the Quarterly Results, in the first quarter of FY25, KPI Green Energy Limited recorded a revenue of Rs 348 crore. The operating profit for Q1 FY25 stood at Rs 132 crore. The net profit stood at Rs 66 crore compared to Rs 33 crore. Looking at the annual performance, the company generated a revenue of Rs 1024 crore in FY24, compared to Rs 644 crore in FY23. The operating profit for FY24 was Rs 337 crore with a net profit of Rs 162 crore.

According to the company's shareholding pattern, promoters hold a 48.77 per cent stake, while FIIs and DIIs own 12.40 per cent and 1.54 per cent, respectively. The remaining 37.28 per cent is held by public investors. Both FIIs and DIIs increased their stakes in the company during Q1 FY25.

Investors must keep this stock on their radar.

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