Low PE high ROE multibagger stock: Don’t miss action in this power stock that commissioned a project!

The stock gave multibagger returns of 172.85 per cent from its 52-week low of Rs 70.35 per share.

K.P. Energy (BSE Script Code: 539686) announced that the company has successfully commissioned a 29.4MW (Phase-II) ISTS-connected wind power project comprising 14 numbers of WTGs of 2.1MW each at the Sidhpur Site in Devbhoomi Dwarka.   

It's worth noting that this Phase-II commissioning is a part of the 250.8MW ISTS-connected wind power project capacity awarded to Apraava by Solar Energy Corporation of India Limited (SECI) under Tranche-VIII bidding. With the present Phase-II commissioning the net cumulative capacity commissioned stands at 81.9MW (i.e., 52.50MW + 29.4MW) against the awarded capacity 250.8MW.    

On Monday, shares of K.P. Energy Ltd plunged 1.21 per cent to Rs 187.10 per share with an intraday high of Rs 191.95 and a low of Rs 185.05. The stock gave multibagger returns of 172.85 per cent from its 52-week low of Rs 70.35 per share.  

DSIJ offers a product 'Multibagger Pick" with recommendations for multi-bagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

K.P. Energy Limited is a balance of plant (BoP) solution provider for the wind energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.   

Talking about finances, this power company has a market cap of Rs 415.92 crore. In Q3FY23, net sales rose by 52.12 per cent and net profit rose by 71.43 per cent compared to Q3FY22. The company has also announced a stock split in the ratio 2:1 as of the record date which was Friday, March 10, 2023.  

The stock has a PE of 12.34x whereas the sectoral PE is 23x with an ROE of 34.81. Investors should keep a close eye on this Small-Cap stock.