Huge Buying In This Renewable Energy Share; Hit Upper Circuit After Bonus Share News
KPI Green Energy Ltd (NSE: KPIGREEN): There was a continuous rise in the shares of KPI Green Energy. The shares of the company climbed to the upper limit of 5 percent on Monday.
Shares of the company had reached Rs 1553.10 intraday today. Earlier last Friday also this stock had hit an upper circuit of 5%.
There’s a reason behind this surge in shares. KPI Green Energy has approved the allotment of bonus shares in the ratio of 1:2.
What Are The Details?
In its regulatory filing on February 16, KPI Green said, it will get 1 new bonus share on two existing equity shares. The Board of Directors has approved the allotment for 2,0094,203 (two hundred ninety-four million 200 and 3) stock options.
The face value for each one of these amounts to Rs. 10. The Bonus shares will be made available to people whose names appear on the register of members/beneficial owners lists on February 15, 2024.
The company has stated that the newly allocated stock options will be placed equal in all aspects with equity shares that are already in place within the company.
It is also said that the necessary compliance regarding the credit for bonus equity shares on the accounts for the demat of shareholders is expected to be finished in the requisite course.
The Company’s Shares Are In Good Condition
The stock is on the way to its 52-week high of 1,618.71. While it is currently trading almost 500% above its 52-week low of Rs 259.16. Shares of KPI Green Energy have gained 167% in the last six months.
Let us inform you that on Friday last, KPIG Energia Private Limited which is a wholly-owned company from KPI Green Energy, got a request for a 1.5-megawatt solar energy project.
The renewable energy solar project is expected to be completed by the end of fiscal year 2024-25. Due to this also a rise in shares is being seen.
About KPI Green Energy Ltd Company
KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited) is an Indian solar power production company. The company was founded on February 28, 2008.
This is the Renewable division part of KP Group and a prominent Gujarat-based Renewable power generation company.
It offers its services as the designation of an Independent Power Producer (IPP) and Captive Power Producer (CPP) under the brand name of ‘Solarism’.
Its CPP segment designs, develops, operates, transfers, as well as maintains solar grid-connected power facilities.
IPP and CPP Plants are located in the Sudi, Samiyala, Tanchha, and Bhimpura villages located in the Amod Taluka in the Bharuch district, Gujarat (Solarism Plant).
Fundamental Analysis of KPI Green Energy Ltd
| Market Cap | ₹ 9,340 Cr. |
| Current Price | ₹ 1,549 |
| 52-wk High | ₹ 1,618 |
| 52-wk Low | ₹ 259 |
| Stock P/E | 61.9 |
| Book Value | ₹ 53.9 |
| Dividend | 0.07 % |
| ROCE | 24.7 % |
| ROE | 53.4 % |
| Face Value | ₹ 10.0 |
| P/B Value | 28.8 |
| OPM | 32.5 % |
| EPS | ₹ 26.8 |
| Debt | ₹ 838 Cr. |
| Debt to Equity | 2.58 |
KPI Green Energy Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹2200 | ₹2500 |
| 2025 | ₹2600 | ₹2754 |
| 2026 | ₹2800 | ₹2943 |
| 2027 | ₹3000 | ₹3076 |
| 2028 | ₹3100 | ₹3365 |
| 2029 | ₹3480 | ₹3694 |
| 2030 | ₹3800 | ₹4200 |
KPI Green Energy Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 54.81% |
| Mar 2023 | 54.81% |
| June 2023 | 54.81% |
| Sept 2023 | 54.83% |
| Dec 2023 | 53.08% |
| FII Holding | |
| Dec 2022 | 2.50% |
| Mar 2023 | 2.54% |
| June 2023 | 3.48% |
| Sept 2023 | 4.24% |
| Dec 2023 | 5.96% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.06% |
| Sept 2023 | 0.00% |
| Dec 2023 | 2.09% |
| Public Holding | |
| Dec 2022 | 42.69% |
| Mar 2023 | 42.64% |
| June 2023 | 41.66% |
| Sept 2023 | 40.91% |
| Dec 2023 | 38.86% |
KPI Green Energy Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 34 Cr |
| 2020 | ₹ 59 Cr |
| 2021 | ₹ 102 Cr |
| 2022 | ₹ 230 Cr |
| 2023 | ₹ 917 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 9 Cr |
| 2020 | ₹ 6 Cr |
| 2021 | ₹ 22 Cr |
| 2022 | ₹ 43 Cr |
| 2023 | ₹ 150 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.34 |
| 2020 | 1.24 |
| 2021 | 1.86 |
| 2022 | 2.19 |
| 2023 | 2.02 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 157% |
| Current Year: | 72% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 39% |
| Last Year: | 53% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 122% |
| Current Year: | 71% |
Conclusion
This article is a complete guide about KPI Green Energy Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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