New Delhi: KPI Green Energy Ltd. and KP Energy Ltd. are one of the fastest-growing companies in Surat, Gujarat, in the stock market. The company has been working for the past 13 years in the direction the world is going: renewable energy. Both companies deal in solar and wind power (now also hybrid).
KP Energy Ltd is listed on the Bombay Stock Exchange, while KPI Green Energy Ltd is listed on National Stock Exchange and Bombay Stock Exchange. We analyze the growth of these two companies from the stock market experts, and according to them, the two companies of KP Group of Surat have made a special edge. Together, these companies have leapfrogged from a market capitalization of 138 crores to a market cap of over 3000 crores in the last five years. With this phenomenal performance, it can be said that the shareholders have great confidence in the work of these companies and their progress.
Recently, the company released official figures stating that it achieved a revenue of 10,848 million in the financial year 2023, while its profit after tax was 1,535 million, in which 125 percent and 149 percent growth were recorded, respectively, compared to the previous financial year. If we look at the figures for the last five years, the companies’ combined growth (market cap) was 138 crores in FY-20. 151 crores in FY-21, directly increased to 1281 crores in FY-22, 1849 crores in FY-23. If we combine the previous three months of FY-23 to 14 June 2023, then it is more than 3000 crores, which means both companies are making quite good profits.
Inhouse, both companies have set a new standard for these industries by making the first-ever historic start of installing seven wind turbines in South Gujarat. In Bhavnagar’s Bhungar, the companies had also done good work under the hybrid policy. If we look at the portfolio of both companies, it is 1900 MW as of FY-23. The company has also signed an agreement with Jamnagar Airforce and is working on several projects. It is worth mentioning that, out of the two, KPI Green Energy Ltd. had also given the investors a bonus of one-to-one. There is no doubt that these companies of Surat will set fire to the stock market by achieving even greater heights in the near future.
