1:2 Bonus: Rs 1,700 Green Energy Stock To Announce Dividend In 5 Days; 7,502% Up In 5 Years

Powerhouse, KPI Green Energy which recently distributed bonus shares to its investors, is coming up with more rewards next. KPI Green has announced that it will recommend the final dividend for FY24 along with Q4 results on April 25, 2024. Accordingly, its share price will be in focus.

KPI Green Energy Share Price:

KPI Green Energy's share stood at Rs 1735.35 apiece, down by 1.72% on BSE with a market cap of Rs 10,461.14 crore on April 19. However, the stock's weekly performance was positive with gains of 0.5%.

YTD, KPI Green share price rose by 82.35%. But in six months, the stock emerges as a multibagger with gains of 226% on BSE. In a year, KPI Green is up by 424%. In 5 years, the stock has skyrocketed by 7,501.75%.

KPI Green Energy Q4, Upcoming Dividend:

In its regulatory filing, KPI Green Energy has announced that "a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 25, 2024, at the Registered Office of the Company, inter alia, to transact the following matters:

- To consider and approve Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended March 31, 2024.

- To consider and recommend final dividend, if any, on the equity shares of the Company, for the financial year 2023-24."

During Q3FY24, the company recorded a consolidated net profit of Rs 50.60 crore compared to a profit of Rs 34.45 crore in Q3FY23 and Rs 34.74 crore in Q2FY24. Consolidated revenue from operations stood at Rs 330.11 crore in Q3FY24, versus Rs 179.21 crore in Q3FY23 and Rs 215.06 crore in Q2FY24.

KPI Green Energy Dividend History:

For FY24, KPI has delivered the first and second interim dividends of 2.5% each valuing to Rs 0.25 per share. In 2023, the company delivered up to 28.50% dividend amounting to Rs 2.85 per share.

As per the Trendlyne data, KPI Green has delivered a whopping 8 dividends since November 2021.

KPI Green Energy Bonus Issue:

This year, KPI Green has allotted 2,00,94,203 equity shares having a face value of Rs.10/- each as bonus equity shares, in the ratio of One (1) equity share having a face value of Rs. 10/- each for every Two (2) existing equity share having face value of Rs. 10/- each, to the Members whose names appeared in the Register of Members/List of beneficial owners as on February 15, 2024, being the record date fixed for that purpose.

Consequently, KPI Green said, the paid-up equity share capital of the Company has increased from Rs. 40,18,84,050/-comprising 4,01,88,405 (Four Crores One Lakh Eighty-Eight Thousand Four Hundred and Five) Equity Shares of Rs. 10/- each to Rs. 60,28,26,080, comprising 6,02,82,608/- equity shares of Rs. 10/- each.

The bonus issue ratio stood at 1:2 this year.

Notably, this bonus issuance comes less than 13 months, from KPI Green's first bonus issue of 1:1 effective from January 18, 2023.

KPI Green Energy (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.