Power Transmission Line Tower Manufacturing Company Bags Orders Worth Rs 53,23,00,000; Stock Surges Over 250 per cent!

The company’s shares have delivered an impressive return of over 250 per cent to its shareholders.

Incorporated in July 2001, KP Green Engineering Limited manufactures fabricated and hot-dip galvanized steel products. The company offers custom fabrication and hot-dip galvanized steel products, including lattice towers, substation structures, solar module mounts, cable trays, beam crash barriers, and more.

The company has secured new orders from both domestic and international clients, amounting to a total of Rs 53.23 crore. These orders include: Rs 1.65 crores for 66 kV Substation materials for the 220 kV Vagra Project, GI Tower Material, and Earthing Strip for a 240 MW Solar Project; Rs 12.48 crores for 220 kV DC & MC Towers (120 & 86 Micron) for the 220 kV Khambhliya Project; Rs 16.51 crores for a 220 kV EHV Line Project; Rs 3.58 crores for Solar MMS Supply and Galvanizing Job Work; and Rs 19.01 crores for Solar Beam Supply from an international entity. The company aims to complete the execution of these orders within the current financial year.

On Monday KP Green Engineering Limited shares closed at around Rs 506.30 per share. The company’s current market capitalization stands at Rs 2531.50 crore. The company’s shares have delivered a multibagger return of over 250 per cent compared to the final IPO price of Rs 144 each.

As per the Quarterly Results, in Q4 FY24, KP Green Engineering Limited recorded a revenue of Rs 245 crore. The operating profit for Q4 FY24 stood at Rs 33 crore. The net profit for Q4 FY24 was Rs 24 crore. Looking at the annual performance, the company generated a revenue of Rs 349 crore in FY24. The operating profit for FY24 was Rs 51 crore with a net profit of Rs 35 crore.

Investors must keep this Small-Cap stock on their radar.

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