K.P. Energy Ltd

K.P. Energy Ltd

₹ 416 1.14%
24 Jul - close price
About

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]

Key Points

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]

  • Market Cap 2,773 Cr.
  • Current Price 416
  • High / Low 514 / 111
  • Stock P/E 47.3
  • Book Value 27.2
  • Dividend Yield 0.04 %
  • 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 15.3 times its book value
  • Company has high debtors of 199 days.
  • Promoter holding has decreased over last 3 years: -20.4%
  • 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
33 20 51 71 108 124 55 107 147 112 69 81 206
25 16 42 58 100 107 45 88 124 91 54 64 175
Operating Profit 7 5 9 13 7 17 10 19 23 20 16 17 32
OPM % 22% 22% 18% 19% 7% 13% 19% 18% 16% 18% 23% 21% 15%
1 0 0 0 3 0 1 0 3 0 1 1 9
Interest 1 1 1 1 1 1 1 2 2 2 3 3 4
Depreciation 1 1 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 5 3 7 11 8 15 10 17 22 17 12 12 34
Tax % 37% 29% 27% 31% 23% 32% 33% 29% 30% 11% 31% 25% 26%
3 2 5 8 6 10 7 12 16 15 8 9 25
EPS in Rs 0.51 0.30 0.77 1.16 0.91 1.48 0.98 1.75 2.36 2.25 1.23 1.38 3.81
Raw PDF

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: 74%
3 Years: 208%
1 Year: 257%
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% 40%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.43% 66.60% 66.39% 59.56% 44.80% 44.80% 44.80% 44.80% 44.80% 44.80% 44.80% 45.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.19% 0.26% 0.26% 0.32% 0.37%
33.57% 33.40% 33.61% 40.44% 55.20% 55.20% 55.15% 55.01% 54.94% 54.94% 54.87% 54.62%
No. of Shareholders 2,1954,9997,6668,3369,7549,41411,04414,25816,19718,31243,28258,795

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls