4,500 per cent returns in this multibagger stock and FIIs increase stake: Board likely to announce bonus shares; stock trades at high ROE & high ROCE!

The stock gave multibagger returns of 220 per cent in just 1 year whereas BSE Sensex Index is up by 18.20 per cent.

KPI Green Energy Ltd informed that the Board of Directors of the Company is scheduled to be held on Saturday, December 30, 2023, at the Registered Office of the Company, inter alia, to transact the following matters:

1. To consider the proposal for the issue of bonus equity shares to the shareholders of the company.

2. To consider and approve an increase in the authorized share capital of the company inter alia to accommodate the issue of bonus equity shares, if any.

3. To consider and approve the appointment (regularisation) of Mr Amitkumar Subhash Chandra Khandelwal (DIN: 09287996) as Non-Executive Non-Independent Director of the company.

4. To consider and approve the appointment (regularisation) of Dr Tejpal Singh Jagat Singh Bisht (DIN: 02170301) as Non-Executive Independent Director of the company.

5. Any other matter with the permission of the Chairman.

Earlier, KPI Green Energy, together with its subsidiary KPIG Energia, successfully commissioned a total of 34.18 MWp of solar power projects under the 'Captive Power Producer (CPP)' segment. These projects, spanning 17.35 MWp for clients like Jay Metal Tech and 16.83 MWp for several others, have received all necessary approvals from the Chief Electrical Inspector (CEIG), marking a significant milestone in increasing renewable energy access for businesses.

Order Book Update - During the H1FY24, on a Consolidated basis, the Company has energised a total of 33.00+ MW resulting in the cumulative consolidated capacity energised at 346+ MW. Company during H1F24 have bagged the single largest order of Hybrid CPP of 145.20 MW and has also won a 240 MW DC bid from GUVNL under the IPP Segment. With these, the total order book on hand at gross level stands at 541+ MW inching the company closer to its ambitious target of 1000 MW by the financial year 2025.

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 5,000 crore. The shares of the company have an ROE of 53.4 per cent and a ROCE of 24.7 per cent. Additionally, FIIs have increased their stake to 7.22 per cent in September 2023 compared to 4.24 per cent in June 2023 (Furthermore, it is likely to increase in the December quarter Q3FY24).

Today, shares of KPI Green Energy Ltd gained 4.45 per cent to Rs 1,394 per share from its previous closing of Rs 1,334.60 per share. The stock gave multibagger returns of 220 per cent in just 1 year whereas BSE Sensex Index is up by 18.20 per cent. Furthermore, the stock generated 800 per cent returns in 2 years and a whopping 4,500 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.