2,800 per cent returns: This multibagger small-cap company receives new orders aggregating to 9.70 MW solar power plant under CPP!
The stock gave multibagger returns of 110 per cent in just 6 months whereas BSE Sensex Index is up by 10.37 per cent.
KPI Green Energy Ltd informed that the company have received new orders aggregating to 9.70 MW capacity for executing solar power project, out of which 4.70 MW capacity undertaken by KPI Green Energy Limited and 5 MW capacity by Sun Drops Energia Private Limited, a wholly-owned subsidiary of the company under captive power producer (CPP) segment of the company and will be completed in the financial year 2023 – 2024.
The following entities have awarded the respective orders:
1. Vibrant Processors Pvt Ltd – 1.20 MW
2. Vismita Intermediates Pvt Ltd – 1 MW
3. Tulsi Waves Pvt Ltd – 5 MW
4. JPB Fibers – 1.50 MW
5. Vasant Fabrics Pvt Ltd - 1 MW
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 3,200 crore.
According to the Quarterly Results, the net sales increased by 54.79 per cent to Rs 189.36 crore and the net profit increased by 49.59 per cent to Rs 33.26 crore in Q1FY24 compared to Q1FY23. The net sales increased by 179.98 per cent to Rs 643.79 crore and the net profit increased by 153.5 per cent to Rs 109.63 crore in FY23 compared to FY22.
On Tuesday, shares of KPI Green Energy Ltd plunged 3.87 per cent to Rs 907.8 per share with an intraday high of Rs 953.8 and an intraday low of Rs 887.1. The stock also made a new 52-week high of Rs 953.80 per share with a spurt in volume by more than 2.54 times in BSE.
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The shares of the company have a PE of 27.1x, an ROE of 53.4 per cent and a ROCE of 24.7 per cent. The stock gave multibagger returns of 110 per cent in just 6 months whereas BSE Sensex Index is up by 10.37 per cent. Furthermore, the stock generated 1,300 per cent in 2 years and 2,800 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.