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Multibagger 10,900 Per cent Returns: Wind and Solar Company Secures 9 MW Solar Project - FIIs & DIIs Increase Stake in Q2 FY25!
Rakesh Deshmukh

Multibagger 10,900 Per cent Returns: Wind and Solar Company Secures 9 MW Solar Project - FIIs & DIIs Increase Stake in Q2 FY25!

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

This Small-Cap company develops, builds, owns, manages, and maintains renewable energy facilities, including solar and solar-wind hybrid power projects has received a letter of award.

Sun Drops Energia Private Ltd, a subsidiary of KPI Green Energy Ltd, has received Letters of Award/Intent for the development of solar power projects with a cumulative capacity of 9 MW under the company's 'Captive Power Producer (CPP) business segment. The projects are expected to be executed by May 2025 in various tranches, as outlined in the respective orders. The total order size is 9 MW.

Currently, the shares of KPI Green Energy Limited are trading at around Rs 755 per share. The company’s current market capitalization stands at Rs 9,910 crore. The stock has delivered a multibagger return of over 3,200 per cent in the past 3 years.

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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 9.95 per cent and 1.50 per cent, respectively. The remaining 39.80 per cent is held by public investors. Both FIIs and DIIs increased their stakes in the company during Q2 FY25.

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

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