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HomeSTOCKSRenewable Energy Share New Solar Project With State Electricity; ₹2100 Target

Renewable Energy Share New Solar Project With State Electricity; ₹2100 Target

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KPI Green Energy Ltd (NSE: KPIGREEN): KPI Green Energy Limited has signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited. It involves solar photovoltaic power.

The company gave this information on March 2. This project will be developed within Gujarat State Electricity Corporation Limited (GSECL) Solar Park Khawra (GSECL Stage 2).

KPI Green Energy stated, “It’s an honor to have our company play a significant role in providing environmentally friendly and renewable energy to this country. 

This agreement demonstrates our commitment to achieve our ambitious goal to have 1000 MW by 2025.

Greenshoe Included

The PPA also includes a greenshoe, which allows up to 800MW of additional power. This is a testament to its scalability, and ability to meet the growing demand for energy while adhering to green energy standards.

The project will contribute to Gujarat’s renewable energy portfolio, strengthening its position as an innovator in sustainable energy initiatives. 

The company’s stock closed on March 2 at Rs. 1,757, a 0.97 percent increase. The 52-week highest share price is Rs. 1,890. The share may go up to Rs 2100.

About KPI Green Energy Ltd 

KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited) is an Indian solar power production company. The company was founded on February 28, 2008. 

This is the Renewable division part of KP Group and a prominent Gujarat-based Renewable power generation company. 

It offers its services as the designation of an Independent Power Producer (IPP) and Captive Power Producer (CPP) under the brand name of ‘Solarism’. 

Its CPP segment designs, develops, operates, transfers, as well as maintains solar grid-connected power facilities. 

IPP and CPP Plants are located in the Sudi, Samiyala, Tanchha, and Bhimpura villages located in the Amod Taluka in the Bharuch district, Gujarat (Solarism Plant).

Fundamental Analysis of KPI Green Energy Ltd

Market Cap₹ 10,607 Cr.
Current Price₹ 1,761
52-wk High₹ 1,896 
52-wk Low₹ 259
Stock P/E70.3
Book Value₹ 53.9
Dividend0.06 %
ROCE24.7 %
ROE53.4 %
Face Value₹ 10.0
P/B Value32.7
OPM32.5 %
EPS₹ 26.8
Debt₹ 838 Cr.
Debt to Equity2.58

KPI Green Energy Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹2200₹2500
2025₹2600₹2754
2026₹2800₹2943
2027₹3000₹3076
2028₹3100₹3365
2029₹3480₹3694
2030₹3800₹4200
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KPI Green Energy Ltd Shareholding Pattern

Promoters Holding
Mar 202354.81%
June 202354.81%
Sept 202354.83%
Dec 202353.08%
Feb 202453.08%
FII Holding
Mar 20232.54%
June 20233.48%
Sept 20234.24%
Dec 20235.96%
Feb 20244.87%
DII Holding
Mar 20230.00%
June 20230.06%
Sept 20230.00%
Dec 20232.09%
Feb 20241.53%
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Public Holding
Mar 202342.64%
June 202341.66%
Sept 202340.91%
Dec 202338.86%
Feb 202440.51%

KPI Green Energy Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 34 Cr
2020₹ 59 Cr
2021₹ 102 Cr
2022₹ 230 Cr
2023₹ 917 Cr

Last 5 Years’ Net Profit:

2019₹ 9 Cr
2020₹ 6 Cr
2021₹ 22 Cr
2022₹ 43 Cr
2023₹ 150 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.34
20201.24
20211.86
20222.19
20232.02

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:157%
Current Year:72%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:39%
Last Year:53%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:122%
Current Year:71%

Conclusion

This article is a complete guide about KPI Green Energy Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

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