Shares of this electric utility company neared its 52-week high!

Shares of this electric utility company neared its 52-week high!

by 5paisa Research Team Last Updated: Dec 13, 2022 - 12:21 pm 25.1k Views
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On Wednesday, June 15, 2022, the share price of KPI Green Energy Ltd surged 12.21 %.

KPI Green Energy Ltd is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as a service provider to Captive Power Producer (CPP) customers.

It builds, owns, operates and maintains grid-connected solar power projects as IPP and generates revenue by entering into Power Purchase Agreements (PPA) with third parties for selling power units generated through its solar projects. It also develops transfers, operates and maintains grid-connected solar power projects for CPP customers and generates revenue by selling these projects to CPP customers for their captive use requirements. Both these businesses, IPP and CPP, are currently carried out from its plant located at Bharuch, Gujarat.

The company has received commissioning certificates from Gujarat Energy Development Agency (GEDA) for four clients: Manish Packaging (1.005 MWdc), Shree Sachidanand Industries (0.251 MWdc), Shivram Dyeing & Printing Mills (1.387 MWdc) and Shri Narayan Dyeing & Printing Mills (0.804 MWdc), a total of 3.447 MWdc.

It had also received a commissioning certificate from Gujarat Energy Development Agency (GEDA) for a capacity of 5.20 MWdc solar power project for Devika Fibers under the 'Captive Power Producer (CPP)' Segment of the company.

For the financial year that ended March 2022, the company's consolidated profit after tax surged from Rs 43.25 crore to Rs 14.36 crore in FY21. It reported revenue from operation of Rs 230 crore against Rs 104 crore in the last fiscal, witnessing a more than double jump.

The company has a P/E ratio of 25.33 and a P/B of 7.27. The company has a 52-week high of Rs 708 and a 52-week low of Rs 49.85. As the trade session ended, the stock was 76.40 points higher and ended at Rs 701.95.

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