KPI Green Energy, a renewable energy company, has finally split its stock price into 2. At the ratio of 1:2, one KPI Green Energy stock that was around Rs 2,040 earlier, is now below Rs 1,020. Right after the stock split, KPI Green's stock price tumbled to hit a 5% lower circuit. This is despite the company's announcement of winning a big hybrid power project. In FY25, so far, KPI has bagged massive orders in the energy sector. KPI is a multibagger.
KPI Green Energy Stock Price:
KPI's stock ended at Rs 1,016.80 apiece, at a 5% lower circuit on July 19, which was after the ex-split. Lower circuit means that there were several sellers in KPI shares, but no buyers.
Nonetheless, before the lower circuit, KPI touched its new 52-week high of Rs 1,080 apiece on NSE, which was adjusted to its stock split. KPI is currently up by 309% from its 52-week low of Rs 248.67 apiece.
KPI Green Energy Stock Split
The energy company turned ex-split on July 18 for its sub-division in the ratio of 1:2. This was also the record date to determine the eligibility of Shareholders for subdivision/split of equity shares having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each fully paid-up.
This stock split is KPI's first ever. Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
The stock split comes after KPI delivered a bonus issue in the range of 1:2 to its eligible investors. In February 2024, KPI allotted 2,00,94,203 equity shares having a face value of Rs.10/- each as bonus equity shares, in the ratio of One (1) equity share having a face value of Rs. 10/- each for every Two (2) existing equity share having face value of Rs. 10/- each.
Going ahead, KPI has also announced a final dividend of 2% i.e. Re. 0.20 (Twenty Paisa only) per equity share of the face value of Rs.10/- each for the financial year 2023-24.
KPI Green Energy Project:
On July 19, KPI announced that it had received a new order for a 100 MW Hybrid Captive Solar Power Project under the Captive Power Producer (CPP) segment of the company.
The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order. The aggregate order size is 100 MW.
KPI Green Energy Fundamentals:
As per Trendlyne data, the consensus recommendation from 1 analyst for KPI Green Energy Ltd. is STRONG BUY. Notably, the company's revenue was higher than average estimate 1 time in past 1 year. Also, its EPS is expected to grow by 115.0% in FY25.
Other key fundamentals of KPI Green, as per the data are --- Stock Price rose 267.05% and outperformed its sector by 152.97% in the past year; Debt to Equity Ratio of 1 is less than 1 and healthy, which] implies that its assets are financed mainly through equity; Mutual Fund Holding increased by 0.04% in the last quarter to 0.32; Return on Equity(ROE) for the last financial year was 19.34%, in the normal range of 10% to 20%; and Promoter Share Holding increased by 0.01% in the most recent quarter to 53.09%.
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