Multibagger from its 52-week low: This small-cap power company receives a Wind-Solar hybrid project!

The stock has a PE of 21x, a ROE of 42.39 per cent and a ROCE of 33.40 per cent.   

KPI Green Energy Ltd informed that the company has successfully commissioned a 7.20MW wind-solar hybrid power project comprising 4.20MW wind and 3MWdc solar capacity for our client Nouveau Jewellery LLP, Surat under the ‘Captive Power Producer (CPP)’ business segment of the Company.  

The aggregate order size is 35 MW and scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.  

On Friday, shares of KPI Green Energy zoomed 0.61 per cent to Rs 486.15 per share from its previous closing of Rs 483.20 with a day’s high of Rs 493.95 and a day’s low of Rs 481.85. The stock has a 52-week high of Rs 515.35 and a 52-week low of Rs 191.63.

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KPI Green Energy Limited provides renewable energy construction services. The company designs and builds solar & wind power plants. KPI Green Energy serves customers in India.  

The company has a market cap of Rs 1,756.65 crore with a CAGR of 235 per cent in just 3 years. According to the Quarterly Results and annual results, the company has reported amazing numbers. The stock has a PE of 21x, a ROE of 42.39 per cent and a ROCE of 33.40 per cent.   

The stock gave multibagger returns of 158 per cent from its 52-week low of Rs 191.63 per share. Investors should keep an eye on this small-cap stock.