K.P. Energy Ltd
K.P. Energy(KPEL) is a part of the KP Group of Surat. It is involved in the development of utility scale wind power generation infrastructure. The major activities encompass siting of wind farms, acquisition of lands and permits, EPCC of wind projects, along with balance of plant (BoP) infrastructure. KPEL also owns and operates WTGs (Wind Turbine Generators) and solar power plant as an IPP( Independent Power Producers). The company undertakes projects principally in Gujarat. [1]
- Market Cap ₹ 2,968 Cr.
- Current Price ₹ 445
- High / Low ₹ 465 / 58.7
- Stock P/E 50.6
- Book Value ₹ 27.2
- Dividend Yield 0.03 %
- ROCE 39.6 %
- ROE 38.4 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 24.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.9%
- Company's median sales growth is 51.1% of last 10 years
Cons
- Stock is trading at 16.4 times its book value
- Company has high debtors of 199 days.
- Promoter holding has decreased over last 3 years: -24.0%
- Working capital days have increased from 38.2 days to 73.3 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 9 | 27 | 41 | 111 | 60 | 158 | 74 | 69 | 250 | 434 | 469 | |
| 1 | 9 | 22 | 31 | 82 | 50 | 125 | 63 | 51 | 216 | 364 | 384 | |
| Operating Profit | 0 | 1 | 5 | 10 | 29 | 10 | 33 | 11 | 18 | 35 | 70 | 85 |
| OPM % | 35% | 7% | 18% | 24% | 26% | 17% | 21% | 15% | 26% | 14% | 16% | 18% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 5 | 13 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 3 | 5 | 5 | 5 | 5 | 6 | 13 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 3 | 4 | 4 | 4 | 4 | 5 | 8 |
| Profit before tax | 0 | 0 | 4 | 8 | 26 | 4 | 25 | 3 | 10 | 29 | 63 | 76 |
| Tax % | 33% | 30% | 33% | 34% | 35% | 50% | 22% | 60% | 26% | 28% | 31% | 23% |
| 0 | 0 | 3 | 5 | 17 | 2 | 19 | 1 | 7 | 21 | 44 | 59 | |
| EPS in Rs | 0.07 | 0.31 | 1.51 | 0.78 | 2.53 | 0.28 | 2.92 | 0.17 | 1.08 | 3.14 | 6.57 | 8.79 |
| Dividend Payout % | -0% | -0% | -0% | -0% | 6% | -0% | 6% | -0% | -0% | 5% | 2% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 24% |
| 3 Years: | 89% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 69% |
| 5 Years: | 25% |
| 3 Years: | 100% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 67% |
| 3 Years: | 257% |
| 1 Year: | 595% |
| Return on Equity | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 29% |
| 3 Years: | 37% |
| Last Year: | 38% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 1 | 3 | 9 | 9 | 11 | 11 | 11 | 11 | 11 | 33 |
| Reserves | 0 | 0 | 4 | 13 | 24 | 26 | 43 | 43 | 50 | 72 | 113 | 148 |
| 2 | 1 | 2 | 10 | 21 | 36 | 30 | 26 | 28 | 23 | 35 | 110 | |
| 6 | 8 | 12 | 17 | 50 | 63 | 80 | 144 | 141 | 202 | 180 | 321 | |
| Total Liabilities | 9 | 10 | 19 | 43 | 104 | 134 | 164 | 224 | 230 | 308 | 338 | 612 |
| 0 | 1 | 10 | 25 | 50 | 85 | 83 | 81 | 83 | 86 | 141 | 164 | |
| CWIP | -0 | -0 | -0 | -0 | 18 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Investments | -0 | -0 | -0 | 0 | 1 | 1 | 1 | 26 | 27 | 31 | 31 | 31 |
| 8 | 10 | 9 | 18 | 35 | 48 | 80 | 117 | 119 | 190 | 165 | 416 | |
| Total Assets | 9 | 10 | 19 | 43 | 104 | 134 | 164 | 224 | 230 | 308 | 338 | 612 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 7 | 5 | 36 | 9 | 6 | -18 | -16 | 22 | 45 | 27 | |
| 0 | -0 | -9 | -17 | -44 | -20 | -2 | -26 | -8 | -9 | -59 | -64 | |
| 0 | -0 | 3 | 13 | 8 | 17 | -6 | 44 | 33 | -9 | 6 | 47 | |
| Net Cash Flow | 1 | -1 | 1 | 1 | 0 | 7 | -2 | 0 | 9 | 4 | -8 | 10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | -0 | 26 | 69 | 84 | 143 | 64 | 73 | 42 | 29 | 49 | 199 |
| Inventory Days | 120 | |||||||||||
| Days Payable | 194 | |||||||||||
| Cash Conversion Cycle | 39 | -0 | 26 | 69 | 84 | 143 | 64 | 73 | 42 | 29 | 49 | 125 |
| Working Capital Days | 1,091 | 188 | 15 | 27 | 12 | -92 | 6 | 173 | 260 | 30 | 11 | 73 |
| ROCE % | 16% | 28% | 96% | 53% | 70% | 12% | 38% | 9% | 18% | 33% | 51% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - K.P. Energy Limited submitted the extract of Standalone and Consolidated Audited Financial Result of the Company for the quarter and year ended March 31, 2024, …
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - K.P. Energy Limited informed BSE regarding receipt of new order for development of 9MW wind power project being part of wind-solar hybrid power project from …
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2d - K.P. Energy Limited submitted the Investor Presentation along with performance key highlights for the quarter and year ended March 31, 2024.
- Results - Financial Results For Quarter And Year Ended March 31, 2024 2d
- Board Meeting Outcome for Board Meeting Outcome For Approval Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2024 2d
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
Apr 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Jan 2023TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Jan 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Mar 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Jun 2019Transcript PPT
-
May 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Sep 2017TranscriptNotesPPT
EPCC Segment (97% - 9MFY24)[1]
The company's Engineering, Procurement, Construction, and Commissioning segment revolves around a unique value proposition that is designed to comprehensively address all the needs of Wind Turbine Generator (WTG) manufacturers, Independent Power Producers (IPP), and Captive Power Consumers (CPP) in setting-up of a wind farm.[2] The existing portfolio creates an annuity-based revenue stream for the Company.[3]