2,943 per cent returns: This multibagger power company announces quarterly results and stellar dividend!
The stock gave multibagger returns of 135 per cent in just 1 year whereas BSE Sensex Index is up by 10.10 per cent.
KPI Green Energy Ltd, a leading power generation company in India, announced its Quarterly Results and dividend ended June 30, 2023. Details below:
Quarterly Results: The net sales increased by 54.79 per cent to Rs 189.36 crore, the operating profit increased by 66.36 per cent to Rs 70.46 crore and the net profit increased by 49.59 per cent to Rs 33.26 crore in Q1FY24 compared to Q1FY23.
Dividend Update: The company have approved and declared an interim dividend at 2.5 per cent i.e., Rs 0.25 per equity share having a face value of Rs 10 each, on the equity share capital of the company for the financial year 2023-24. The record date for payment of this interim dividend is August 22, 2023, as per our earlier intimation dated August 5, 2023.
Annual Results: The net sales increased by 179.98 per cent to Rs 643.79 crore, the operating profit increased by 91.67 per cent to Rs 211.74 crore and the net profit increased by 153.5 per cent to Rs 109.63 crore in FY23 compared to FY22.
Previously, the company emerged as the winner in the Gujarat Urja Vikas Nigam Limited (GUVNL) tender for the development of the Solar Photovoltaic Power Project. The aggregate order size is 200 MW AC (240 MW P)
KPI Green Energy Ltd provides solar power, both as an independent power producer (IPP) and Engineering, Procurement and Construction (EPC) services to Captive Power producers (CPP) customers. The company has a market cap of over Rs 3,000 crore.
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On Friday, shares of KPI Green Energy Ltd surged 2.40 per cent to Rs 832.75 per share with an intraday high of Rs 849 and an intraday low of Rs 770.45. The shares of the company saw a spurt in volume by more than 4.73 times on BSE.
The shares of the company have a PE of 24.8x, an ROE of 53.4 per cent and a ROCE of 25 per cent. The stock gave multibagger returns of 135 per cent in just 1 year whereas BSE Sensex Index is up by 10.10 per cent. Furthermore, the stock generated 1,170 per cent in 2 years and 2,943 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.