1:2 Bonus Issue Record Date, 5.60 MW Solar Project: Multibagger Stock In Focus, Gives 3,720% Returns In 5 Yrs

Solar power player, KPI Green Energy's share price will be in focus in the trading week that will begin on January 23rd. The company has fixed record date for its bonus issue in the ratio of 1:2. Apart from this, the company also won a huge 5.60 MW solar power project. In 5 years, the stock has given four-digit returns in percentage terms.

KPI Green Energy Bonus Shares:

As per the regulatory filing, the company has fixed Thursday, February 15, 2024, as the 'Record Date' for determining the eligibility of Shareholders entitled to issuance of Bonus Equity Shares.

The bonus shares ratio of 1:2 means that the company will give 1 bonus equity share having a face value of Rs 10 each on every two existing equity shares having a face value of Rs 10 each.

The record date will also be its ex-bonus date.

In general terms, bonus shares are issued in a certain proportion only to the existing shareholders free of cost. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

KPI Green Solar Project:

KPI last week announced that it won a new order of 5.60 MW for executing a solar power project received by KPIG Energia Private Limited, a wholly-owned subsidiary of the Company under the 'Captive Power Producer (CPP)' Segment of the Company.

The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.

KPI Green Share Price:

On Saturday, KPI Green shares ended at Rs 1,435.40 apiece, up by Rs 12 or 0.84% on BSE with a market cap of Rs 5,768.64 crore.

From its 52-week low of Rs 388.55 apiece, KPI Green is currently up a little over 269% on BSE. In a year, the stock has gained nearly 240%. But in 5 years, the stock has given an extraordinary 3,719.58% return to its shareholders as of now.

The company's earnings per share (EPS) is at Rs 18.24, while its price-to-equity ratio is at 78.69x. The return on equity of the company is at 27.72%.

About KPI Green Energy:

KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat-based Renewable power generating company. Incorporated in February 2008, focused on providing Renewable power through different Business verticals.

Under the brand name of "Solarism" the company is on a sprint to achieve the humongous task of 1000+ MW in solar energy by 2025. The company has lately entered into the Hybrid energy solution provider vertical and has already achieved 185+ MW as orders in hand and 54+ MW Capacity already Energized as of Q2FY24.

Disclaimer: The stock just highlights the bonus shares and its latest business development, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.