Here we are talking about such stocks in which investment opportunity is being created, those stocks are KPI Green Energy. As we can see, the market keeps going through ups and downs. Currently, the stock market is experiencing a positive trend in which Sensex and Nifty indices are witnessing a rise. In such a situation, if we find a stock that gives a good return, then we can make good returns, especially when talking about the green sector stocks. In the last few years, some stocks in the green sector have given very good returns. Some stocks have increased by up to 600%, driven by government initiatives and a strong push towards renewable energy. India aims for 50% of its electricity from non-fossil sources by 2030. In this article, we will learn about KPI Green Energy stocks.
KPI GREEN ENERGY
Established in 2008, KPI Green Energy Limited is a key player in India’s renewable energy sector, focused on solar power generation. The company operates as an independent power producer (IPP) and a service provider to captive power producers (CPP), with a cumulative capacity of over 346 MW. KPI aims to achieve 1000 MW by 2025, with an emphasis on innovation and sustainability. It also engages in land leasing for solar projects and provides comprehensive EPC services. The company is headquartered in Gujarat and operates under the brand ‘Solarism.
KPI Green Energy; Market presence
KPI Green Energy Ltd is a prominent renewable energy company based in Gujarat, India. It has a very strong presence in the market. KPI Green Energy is listed on both the NSE and BSE stock exchanges in India. As of August 2024, its market capitalization is around ₹12,839. As of August 2024, KPI Green Energy has an ambitious target to reach 1000+ megawatts in solar energy by 2025 and has already achieved 1+ GW in orders and 68+ MW capacity already energized as of FY24. The company has an installed capacity of 1508+4 solar power under the IPV segment and 87+ megawatts of EPC/CPP projects.
KPI Green Energy; Financial performance
KPI Green Energy Limited has recently demonstrated fairly strong financial performance. For the year ended March 2024, the company recorded a total operating revenue of ₹1,024 crore with a net profit growth of 53.6%. Over the last three years, it achieved a profit growth of 129.38% and a revenue growth of 101.85%. The return on equity (ROE) is 40.87%, indicating effective management of shareholder equity. The company’s P/E ratio is around 62.4, indicating high valuation, while its market capitalization is around ₹12,221 crore as of August 2024. Mistakes.
KPI Green Energy; Expansion plans and New projects
KPI Green Energy is aggressively expanding its operations with several new projects. The company aims to achieve over 1000 MW of solar energy capacity by 2025. Talking about the company’s new projects, the company secured a 1,000 MW solar project in Maharashtra and a 50 MW solar wind hybrid project in Gujarat. They are also focusing on hybrid solar and wind projects to optimize energy generation and reduce transmission costs, with plans to scale this model further. KPI Green Energy plans to raise up to ₹10 billion through qualified institutional placement to support its expansion efforts and project development.
KPI Green Energy; Stock Performance
KPI Green Energy Ltd’s stock performance has shown significant volatility but impressive long-term growth as of 19 August 2024. The stock price is approximately ₹1,013 with a 52-week range between ₹255.46 and ₹1,116. When discussing the stock price and profit in the past, the stocks have performed quite well: last week, a return of 6.21% was achieved; last month, 6.76%; in the last three months, 3.97%; and in the last 6 months, 28.51%. The stock gave a return of 246.93% in the last year, and the return in the last 3 years was 4327.31%, with a return of 11,414.76% in the last 5 years.
KPI Green Energy; Analyst Recommendation and Future Outlook
Analysts are giving a very positive outlook for KPI Green Energy and are suggesting that this stock has potential for the future. Their return on capital employed (ROCE) is 19%, which shows promising trends, significantly above the renewable energy industry average of 7.6%. Analysts forecast continued growth supported by a substantial increase in capital employed and a remarkable 450% total return over the last years. If this is to be believed, analysts say that KPI Green Energy will experience significant growth over the next five years and its revenue is expected to increase at an annual rate of 43.4%. Additionally, the company is showing strong financial performance, including a 123% increase in revenue for FY23 compared to the previous year. Considering all this, we can conclude that KPI Green Energy can perform well in the future, and we can consider investing in it.
KPI Green Energy; Fundamental
Now let’s look at the fundamentals of green energy
Market capitalisation ₹12,221 Cr.
Current price ₹1,014
Stocks P/E. 62.4
ROCE. 21.6%
Debt to equity. 1.24
Net profit. ₹195 Cr.
Promoter holding. 53.09%
FIIs. 6.77%
DIIs. 0.34%
Disclaimer; The information provided in this note is for general educational purposes only and should not be considered as a recommendation to buy or sell any stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions
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