KPI Green Energy stock price has given zero returns on month-on-month basis despite a powerpack list of rewards that the company delivered its investors. In 2024 alone, KPI has carried bonus issue, stock split, and dividends. Despite, in the trading week that ended on September 6, KPI shares fall over 4%, and in month, the downside is nearly 10. In the coming week, KPI will be in focus due to big profit win and credit rating upgrade.
KPI Green Energy Share Price:
After market hours of September 6, KPI Green stock ended at Rs 871.85 apiece, down by 1.64% on BSE, with a market cap of Rs 11,443.94 crore, The renewable energy stock has slipped significantly from its 52-week low of Rs 1,116 apiece, but has more than tripled from its 52-week low of Rs 255.46 apiece.
The stock ended the trading week from September 2-6 on a bearish note with a downfall of over 4%. In a month, the stock is down by nearly 9.7%. However, YTD, the stock zoomed by a whopping 83.05% on BSE.
KPI Green Energy Credit Rating Upgrade:
ICRA has upgraded the Company's long-term rating from [ICRA]A- stable outlook to [ICRA]A positive outlook and the short-term rating has been reaffirmed.
To arrive at the ratings, ICRA has considered the consolidated financials of KPI Green Energy Limited (KPI Green, KPIGEL) and its wholly-owned subsidiaries, KPIG Energia Private Limited (KPIG Energia, KPIGEPL), Sun Drops Energia Private Limited (Sun Drops, SDEPL) and KPark Sunbeat Private Limited (KPark), referred to as the Group, it said.
Further, ICRA added that the rating upgrade considers an improvement in the Group's capital structure, post the fund-raising of Rs. 1,000 crores by KPI Green through the qualified institutional placement (QIP) route in August 2024, which has been mainly utilised to prepay the entire outstanding debt under KPI Green. Also, the part proceeds from the QIP will be used to meet the equity requirement of the recently awarded utility scale independent power producer (IPP) projects under KPI Green.
Also, the rating action factors in a healthy improvement in the Group's scale and profitability in FY2024 and the current fiscal, driven by higher execution of captive power plant (CPP)/engineering, procurement and construction (EPC) orders and the commissioning of the additional IPP capacity.
KPI Green Energy New Order Win:
On September 6, the company announced that it has obtained approvals from the Chief Electrical Inspector (CEIG) for 12.72 MW of Wind-Solar Hybrid Power Project under our CPP business segment. These projects were executed for our esteemed clients of M/s KPI Green Energy Limited and M/s Sun Drops Energia Private Limited, a wholly owned subsidiary of the Company. Furthermore, the approval from the Chief Electrical Inspector (CEIG) has been received in the names of the respective clients.
KPI Green Energy Corporate Actions:
Latest Dividend: The stock turned ex-dividend on August 21, for its interim dividend of 4% i.e. Re. 0.20 (Twenty Paisa Only) per equity share having a face value of Rs. 5/- each for FY25. The Dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the Record date.
Also, the 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.
Further, 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.
BUY/SELL KPI Green Energy Share:
As per the Trendlyne data, the consensus recommendation from 1 analyst for KPI Green Energy Ltd. is STRONG BUY. KPI Green Energy Ltd.'s Revenue was higher than average estimate 1 time in past 1 year.
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