Board likely to announce dividend after 1:2 bonus shares: Multibagger solar stock locked in upper circuit; Company successfully developed & commissioned 40.16 MW Projects

The stock gave multibagger returns of 295 per cent in just 2 years and a whopping 13,675 per cent in 5 years.

On Monday, shares of KPI Green Energy Ltd gained 5 per cent upper circuit to Rs 405 per share from its previous closing of Rs 385.75 per share with an intraday high of Rs 405 per share and an intraday low of Rs 391.20 per share.

KPI Green Energy Limited and its wholly owned subsidiary, KPIG Energia Private Limited have successfully developed and commissioned a total of 40.16 MW Renewable Power Projects for our esteemed clients under the Captive Power Producer (CPP) segment.

Additionally, a meeting of the Board of Directors of the Company will be held on Thursday, February 06, 2025, at the Registered Office of the Company to consider and approve the Standalone and Consolidated unaudited Financial Results for the quarter and nine months ended December 31, 2024, to consider the proposal for declaration of a third interim dividend, if any, for the financial year 2024-25, and to discuss any other business brought before the Board with the permission of the Chairman.

Earlier, the company issued bonus equity shares in a 1:2 ratio. This means that for every 2 existing equity shares held by shareholders on the record date, they would receive 1 additional bonus equity share, each valued at Rs 5. The bonus shares were ex-traded on January 03, 2025.

KPI Green Energy Ltd, established in 2008 as part of the KP Group, is a renewable energy leader specializing in solar power generation. They operate under the "Solarism" brand, offering a comprehensive solution for both Independent Power Producers (IPPs) and Captive Power Producers (CPPs). Their services include developing, building, owning, managing, and maintaining solar power plants across Gujarat, with a current installed capacity exceeding 445 MW. They cater to IPPs by directly generating and selling solar electricity, while also providing Engineering, Procurement, and Construction (EPC) services to CPP clients who wish to set up their solar power facilities.

According to Quarterly Results, the net sales increased by 67 per cent to Rs 359.68 crore and net profit increased by 101 per cent to Rs 69.84 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 75 per cent to Rs 707.69 crore and net profit increased by 100 per cent to Rs 135.95 crore in H1FY25 compared to H1FY24.

The company's shares have an ROE of 30 per cent and an ROCE of 22 per cent. The company has a market cap of Rs 7,974 crore with a strong order book. The stock gave multibagger returns of 295 per cent in just 2 years and a whopping 13,675 per cent in 5 years. Investors should keep an eye on this small-cap stock.

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