KPI Green Energy Ltd
Incorporated in 2008, KPI Green Energy Ltd is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand. [1]
Group Companies: [2]
KP Energy Limited
KP Green Engineering Private Limited
KPF Green Hydrogen & Ammonia Technology Private Limited
KP Human Development Foundation
- Market Cap ₹ 10,838 Cr.
- Current Price ₹ 1,798
- High / Low ₹ 2,109 / 326
- Stock P/E 104
- Book Value ₹ 124
- Dividend Yield 0.06 %
- ROCE 17.0 %
- ROE 21.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 84.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Cons
- Stock is trading at 14.4 times its book value
- Promoters have pledged 45.5% of their holding.
- Company has high debtors of 153 days.
- Working capital days have increased from 166 days to 335 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: Power Infrastructure Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 27 | 26 | 32 | 34 | 59 | 102 | 219 | 488 | 724 | |
0 | 0 | 0 | 13 | 8 | 13 | 19 | 32 | 38 | 113 | 334 | 477 | |
Operating Profit | 0 | 0 | 0 | 15 | 17 | 19 | 15 | 27 | 64 | 106 | 154 | 247 |
OPM % | 54% | 68% | 59% | 45% | 46% | 62% | 49% | 32% | 34% | |||
0 | 0 | 0 | 0 | 0 | -0 | 6 | 0 | 0 | 1 | 3 | 5 | |
Interest | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 8 | 25 | 36 | 37 | 76 |
Depreciation | 0 | 0 | 0 | 3 | 2 | 8 | 4 | 7 | 16 | 14 | 19 | 35 |
Profit before tax | 0 | 0 | 0 | 12 | 14 | 8 | 13 | 12 | 23 | 58 | 101 | 141 |
Tax % | 33% | 40% | 2% | 31% | 46% | 36% | 23% | 22% | 26% | |||
0 | 0 | 0 | 8 | 8 | 7 | 9 | 6 | 15 | 45 | 78 | 104 | |
EPS in Rs | 0.00 | 0.00 | 0.00 | 7.25 | 4.89 | 1.90 | 1.64 | 1.20 | 2.68 | 8.23 | 14.46 | 17.21 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 13% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 84% |
3 Years: | 92% |
TTM: | 48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 84% |
3 Years: | 92% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 142% |
3 Years: | 386% |
1 Year: | 433% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 28% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 0 | 4 | 6 | 13 | 18 | 18 | 18 | 18 | 36 | 60 |
Reserves | 0 | 0 | 0 | 10 | 26 | 36 | 81 | 80 | 94 | 137 | 192 | 688 |
0 | 0 | 0 | 14 | 31 | 44 | 40 | 139 | 286 | 352 | 600 | 977 | |
1 | 1 | 12 | 26 | 20 | 14 | 22 | 61 | 51 | 174 | 207 | 381 | |
Total Liabilities | 1 | 1 | 12 | 54 | 83 | 107 | 161 | 298 | 450 | 682 | 1,035 | 2,106 |
0 | 0 | 0 | 31 | 58 | 49 | 84 | 203 | 297 | 403 | 673 | 704 | |
CWIP | 0 | 0 | 0 | 1 | 8 | 34 | 18 | 1 | 3 | 0 | 0 | 78 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 66 | 67 | 214 |
1 | 1 | 12 | 21 | 17 | 25 | 59 | 94 | 128 | 213 | 295 | 1,110 | |
Total Assets | 1 | 1 | 12 | 54 | 83 | 107 | 161 | 298 | 450 | 682 | 1,035 | 2,106 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 14 | 9 | 7 | -17 | 30 | 19 | 122 | 107 | -135 | |
0 | 0 | 0 | -25 | -36 | -29 | -15 | -109 | -130 | -153 | -288 | -373 | |
0 | 0 | 0 | 14 | 25 | 23 | 33 | 87 | 122 | 29 | 206 | 591 | |
Net Cash Flow | 0 | 0 | 0 | 3 | -2 | 0 | 1 | 8 | 11 | -3 | 24 | 82 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 17 | 150 | 143 | 175 | 178 | 57 | 40 | 153 | |||
Inventory Days | 203 | 295 | ||||||||||
Days Payable | 208 | 276 | ||||||||||
Cash Conversion Cycle | 30 | 12 | 150 | 143 | 175 | 178 | 57 | 40 | 172 | |||
Working Capital Days | 89 | 38 | 129 | 404 | 61 | 255 | 94 | 70 | 335 | |||
ROCE % | 0% | 0% | 35% | 14% | 9% | 11% | 15% | 21% | 21% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 8h
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Intimation Of Calendar Of Events For The Postal Ballot Process
1d - KPI Green Energy Limited has submitted to the Exchange the calendar of Events in connection with the postal ballot process for seeking consent of the …
- Corporate Action-Intimation of Sub division / Stock Split 23 May
- Board Meeting Outcome for Board Meeting Outcome For The Board Meeting Held On May 23, 2024 23 May
- Board Meeting Outcome for Outcome Of Board Meeting Held On May 13, 2024 13 May
Annual reports
Concalls
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Business Overview:[1]
Company provides solar power, both as
an independent power producer (IPP) and Engineering, Procurement, Construction (EPC) services to Captive Power producers(CPP) customers. Company runs its entire business from Bharuch, Kutch(Bhuj), Surendranagar and Bhavnagar districts of Gujarat. Currently, company has an installed capacity of 137 MW+[2] of solar power under IPP segment and 176 MW+ of EPC/CPP projects
a) Independent Power Producer (IPP):[3]
Company provides solar energy under third party sale business in Gujarat. It develops and maintains grid-connected IPP solar power projects under ‘Solarism’ brand. Company supplies power, generated from solar power plants to business houses through Power Purchase Agreements (PPA).
b) Captive Power Producer (CPP):[4]
In CPP model, company develops, transfers, operates, maintains and sells grid-connected solar power projects to customers by providing them power evacuation infrastructure along with grid-connected land to generate solar power. Company also offers Operation & Maintenance Services (O&M) through a separate O&M agreement to customers
c) Industrial Plot Sale:[5]
Company sells land parcels to third parties which are taken back on lease for 25 years for developing solar power plant. Company pays a fixed lease rental to land owners as per lease agreement.