Small-Cap Renewable Engineering Company Bags multiple orders worth Rs 351 Crore Order for Solar Projects; Stock gains over 300 per cent!
The shares of the company have delivered a return of over 300 per cent to its shareholders.
In the latest update, this Small-Cap green engineering company has received multiple orders from various clients across different business segments, including solar, transmission line towers, isolators, projects, crash barriers, and cable trays. Below are the complete details.
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Segment
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Amount Rs Cr
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Description
|
|
Solar Projects
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212.38
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Fixed Tilt Module Mounting Structure, Supply of Tracker Type Module Mounting Structure & Structure Part
|
|
Transmission Line Towers
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79.51
|
220 kV to 400 kV Tower Material, 33 kV & 66 kV Substation Equipment Structure, Hardware, Cable Trays, GI Strip Material, GI Structure for Isolators
|
|
Projects
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52.54
|
180 MW Pooling Substation Project, 33 kV Line Supply
|
|
Crash Barriers
|
4.24
|
Crash Barrier for Railway Track Fencing
|
|
Isolators
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2.49
|
220 kV, 66 kV & 33 kV Isolators
|
|
Cable Trays
|
0.19
|
Ladder Cable Tray, Cable Tray
|
The total value of the contract is approximately Rs 351.35 crore. This project is expected to be completed within this financial year.
KP Green Engineering Limited is involved in the manufacturing of fabricated and hot-dip galvanized steel products. The company's product portfolio comprises Lattice tower structures, Substation Structures, Solar Module Mounting Structures, Cable trays, Earthing strips, and Beam Crash Barriers. The company provides comprehensive solutions by offering in-house fabrication and Hot Dip Galvanizing facilities to cater to custom-made requirements.
Share Performance:
On Friday, the company's stock opened at around Rs 602.70 per share, currently, it is trading at around Rs 595 with a market capitalisation of Rs 2975 crore. The stock has delivered a multibagger return of around 314 per cent compared to its final IPO issue price of Rs 144 per share.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 245 crore compared to Rs 53 crore and a net profit of Rs 24 crore compared to Rs 5 crore. In FY24, the company reported a revenue of Rs 349 crore compared to Rs 114 crore, and a net profit of Rs 35 crore, compared to a profit of Rs 12 crore in the previous year.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.