Power generating company, KP Energy which is currently listed on BSE, is all set to make its entry on NSE. Following this, the stock witnessed a huge buying on June 11 so much so that it rose by over 4.3% on BSE. Overall, the stock is up by 414% from its 52-week low of Rs 84.42 apiece. KP Energy which recently delivered a bonus issue in the ratio of 2:1, is now planning to reward investors with dividends.
KP Energy Share Price:
The stock was at Rs 434.05 apiece, up by 3.64% on BSE with a market cap of Rs 2,894.68 crore. The stock's 52-week high is at Rs 513.90 apiece, while it gives triple-digit returns from its 52-week low.
As per BSE data, the stock's price-to-equity ratio stood at 50x, while the return on equity was at 31.93%.
KP Energy NSE Listing:
KP Energy is planning to list on BSE. The company's board of directors have approved the proposal for listing of equity shares of the Company on the National Stock Exchange of India Limited without any public offer or further issue of shares, subject to the approval of the National Stock Exchange of India Limited ("NSE") and other necessary approvals.
KP Energy in its regulatory filing said, "The Company will in due course file an application with NSE for direct listing of equity shares of the Company. The Company will share the other necessary details as and when required by applicable laws."
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 Bonus Issue:
The company 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.
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.
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.
Also, 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.
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