KP Energy stock price saw rays of bulls on Tuesday, after falling by 15% in the prior four consecutive trading sessions. Accordingly, KP Energy halted its 4-day losing streak. Will the momentum of bulls continue will be keenly watched? The stock which paid free bonus shares earlier in 2024, will now be in focus for its upcoming 2% dividend payout.
KP Energy Share Price:
KP Energy's share price stood at Rs 449 apiece, 5% upper circuit on Tuesday with a market cap of Rs 2,994.38 crore. The stock is also nearing its 52-week high of Rs 513.90 apiece, while it gives multi-fold 633% returns against a 52-week low of Rs 61.29 apiece.
From May 8th to 13th, the stock dipped by 15% on BSE.
KP Energy Stock Analysis:
As per Trendlyne data, the following the are key fundamentals of KP Energy shares:
- Stock Price rose 626.77% and outperformed its sector by 508.37% in the past year.
- Debt to Equity Ratio of 0.54 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Promoter Share Holding stayed the same in the most recent quarter at 44.8%.
- Promoter Pledges are zero.
- Price to Earning Ratio is 52.01, higher than its sector PE ratio of 30.15.
- Return on Equity(ROE) for the last financial year was 31.42%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
- Interest Coverage Ratio is 7.79, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).
KP Energy Latest Announcements:
On May 1, the company successfully commissioned a further 12.6MW (Phase-IX) ISTS connected Wind Power Project comprising 6 numbers of WTGs of 2.1MW each at the Sidhpur site in Devbhoomi Dwarka. This Phase-IX commissioning is a part of the 250.8MW ISTS-connected Wind Power Project capacity awarded to Apraava Energy Private Limited by Solar Energy Corporation of India Limited (SECI) under Tranche-VIII bidding. KP Energy is developing the Project for Apraava Energy Private Limited as a Contractor under the Land and Balance of Plant Contract.
With the present Phase-IX commissioning, the net cumulative capacity commissioned at the Sidhpur site stands at 222.6MW (i.e., 52.5MW + 29.4MW + 25.2MW + 21MW+ 10.5MW + 25.2MW + 29.4MW + 16.8MW + 12.6MW) against the awarded capacity of 250.8MW.
KP Energy Dividend:
The company has announced a final dividend of 2% amounting to Rs 0.10 per share of the face value of Rs.5/- each for the financial year 2023-24, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company.
KP Energy Earnings:
The energy player achieved Revenue from the EPC segment of INR 200.80 Crs during Q4FY24 which reflects a growth of ~ 40% in comparison to that achieved during Q4FY23 (INR 143.47 Crs) on a consolidated basis. The company has achieved INR 450.69 Crs towards Revenue from the EPC segment during FY24.
While its consolidated net profit in Q4FY24 is reported at INR 24.90 Crs as against that of INR 15.48 Crs in Q4FY23 which reports an increase of ~ 61%. For the year ended March 31, 2024, consolidated NetProfit stands at INR 58.32 Crs, which indicates growth of ~ 33% compared to the corresponding year ended March 31, 2023. The company has reported highest ever bottom line in FY 2023-24.
The Company has also commissioned a 1.5 MW Solar IPP Project in its wholly owned subsidiary - KP Energy OMS Ltd., in Q4FY24, which shall further enhance the Revenues from the Sale of Power in the coming years.
KP Energy Bonus Issue:
KP Energy turned ex-bonus in February 2024 for additional shares in the ratio of 2:1. Since March 2017, KP Energy has issued bonus shares three times. The other bonuses were of 3:10 in May 2018, and 1.5:1 in March 2017.
About KP Energy:
KP Energy Ltd. is a trusted corporate group renowned for its strong management, efficient cost structure, and robust order book with ready project sites. Specializing in high-quality Wind Turbine Generators (WTGs) powered by sophisticated technology, the company excels in providing turnkey solutions for wind farm projects across India.
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