2:1 Stock Split Record Date Fixed: Green Energy Stock To BUY Before Splitting; 215% Gains In 1 Year

Powerpack, KPI Green Energy stock traded volatile after fixing the record date for a stock split for the first time. KPI share price on July 4th traded slightly lower with a market cap of Rs 10,808.07 crore. However, brokerages are optimistic about the stock and have recommended buying. The smallcap is a multi-bagger with gains of a whopping 215% in a year.

KPI Green Share Price:

When writing, KPI Green's share price traded at Rs 1791.90 apiece, marginally down on BSE. The stock ranged from Rs 1810 apiece and Rs 1785.15 apiece in the early trade of July 4th.

Its 52-week high and low are at Rs 2,109.25 apiece and Rs 496.92 apiece respectively. YTD, the stock zoomed by over 88% on BSE, while in a year, the stock rallied by nearly 214.55%.

KPI Green Stock Split:

The company has fixed Thursday, July 18, 2024 as the 'Record Date' for determining 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.

The stock split is in the ratio of 2:1 and is the first of KPI Green who has a track record of paying dividends and bonus issues up till now.

Earlier in February, the company delivered a 1:2 bonus issue. The company 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.

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.

BUY KPI Green Share Price:

As per Trendlyne data, the consensus recommendation from 1 analyst for KPI Green Energy Ltd. is STRONG BUY. EPS is expected to grow by 114.9% in FY25. However, the target price is not yet announced.

Meanwhile, as per Axis Securities, in the last 1 year KPI Green Energy Ltd, has beaten Nifty 50 by 177.81% (CAGR difference), while for 7 out of the Last 12 Months, i.e 58% of the times it has beaten the Index returns.

Data from BSE showed that KPI's PE ratio is at 104.63x, while the return on equity is at 13.86%.

In the start of July month, KPI received approvals from the Chief Electrical Inspector (CEIG) for 15 MW of solar power projects under its 'Captive Power Producer (CPP)' business segment. These projects were executed for its esteemed clients of M/s. KPIG Energia Private Limited and M/s. Sun Drops Energia Private Limited, wholly owned subsidiaries companies of the Company. Furthermore, the approval from the Chief Electrical Inspector (CEIG) has been received in the names of the respective clients.

Additionally, on July 1, KPI also received approval from the Chief Electrical Inspector (CEIG) for our 13.60 MW solar power projects under the Independent Power Producer (IPP) segment of the Company.