KPI Green Energy, a stock that surged over 1900%, raises the crucial question: Is it the right time to invest? Boasting a market cap of nearly ₹5721 crore, a Stock P/E of 42.5, ROCE at 24.7%, and an impressive ROE of 53.4%, the stock is currently priced at ₹1423.45 as of January 6th. This article breaks down weekly chart trends, quarterly results, and the future outlook to help you decide if KPI Green Energy deserves a spot in your portfolio.
Weekly Chart Analysis
The weekly chart illustrates a remarkable uptrend for KPI Green Energy.
Commencing from around 66 rupees per share in June 2021, the stock has soared to 1490 apiece, delivering a phenomenal 1900% return to investors. Key factors contributing to this surge include a surge in FIIs interest, escalating from 0.00% in December 2021 to 7.22% in December 2023, strong fundamentals, and increased DII investments.
KPI Green Energy FY 2023-24 Results
- Net Sales reached Rs 215.07 crore in September 2023, marking a substantial 34.55% increase from Rs. 159.84 crore in September 2022.
- Quarterly Net Profit surged to Rs. 34.75 crore in September 2023, reflecting a remarkable growth of 64.21% from Rs. 21.16 crore in September 2022.
- EBITDA stood at Rs. 72.05 crore in September 2023, showcasing a robust 35.76% increase from Rs. 53.07 crore in September 2022.
- KPIGREEN EPS experienced a decrease, settling at Rs. 9.62 in September 2023 from Rs. 11.71 in September 2022.”
Future Outlook
The company’s forward-looking vision includes reaching a 1000 MW capacity by 2025, achieving annuity-based income through its Own IPP, and a cumulative portfolio target of 250 MW by 2025. Additionally, they aim to secure income through OMS and Lease from CPP, targeting a cumulative portfolio of 750 MW by 2025. The company’s foray into wind-solar hybrid technology further enhances its benefits, flexibility, and grid stability.
About KPI Green Energy
Formerly known as KPI Global Infrastructure Limited, KPI Green Energy is the solar and hybrid vertical of the KP Group. Established in February 2008, the company focuses on developing, building, owning, operating, and maintaining solar and hybrid power plants. Operating as an Independent Power Producer (IPP) and providing services to Captive Power Producers (CPP) under the brand name ‘Solarism,’ KPI Green Energy is a prominent player in Gujarat’s solar and hybrid power generation sector.
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