KPI Green Energy, a power-generating company, is holding a strong track record of bonus issues, stock splits and dividends. This week, the green energy stock will be in focus for its second bonus shares reward in 2024 so far. The record date has been fixed. KPI is a multi-bagger in the long run with shares skyrocketing by a whopping over 13,485% on BSE. KPI is recommended to buy further.
KPI Green Energy Share Price:
Last week, on December 27, the stock stood at Rs 798.80 apiece on BSE, with a market cap of Rs 10,485.08 crore. From December 23rd to 27th, the stock zoomed by 2.3%, while in a month, it jumped by over 2.5%. Year-to-date, KPI has surged by nearly 68%.
Notably, in 5 years span, the stock rallied by 13,485.03%. 5 years ago on January 2, 2020, the stock price was at merely Rs 5.88 per share.
Currently, the stock's 52-week high and low is at Rs 1,116 apiece and Rs 441.89 apiece respectively.
KPI Green Energy Bonus Issue:
The company has declared its second bonus issue of 2024, which is also in the ratio of 1:2. For this, KPI fixed Friday, January 03, 2025, as the 'Record Date' for determining the eligibility of Shareholders entitled to issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each, subject to the approval of Shareholders which is being obtained through Postal Ballot.
Earlier, KPI turned ex-date on February 15 for bonus shares of 1:2 ratio. While the stock turned ex-date on January 18, 2023, for its bonus shares of 1:1 ratio. In total, KPI will be rewarding three bonuses in 2 years.
KPI Green Energy Stock Split:
The upcoming bonus issue also comes after KPI delivered its stock split in the ratio of 1:2. The face value of Rs 10 each has been trimmed to Rs 5 each with effect from July 18, 2024. This was KPI's first-ever stock split.
KPI Green Energy Dividends:
Apart from bonus and stock splits, KPI has also delivered three dividends in 2024 so far. For FY24, the company paid Rs 0.20 dividends per share each as interim and final with ex-date on August 21 and October 4th this year. For FY25, KPI last month turned ex-dividend on November 14th for an interim dividend of Rs 0.20 per share.
Since November 11, 2011, KPI Green Energy has distributed about 11 dividends, as per Trendlyne data. The current dividend yield is at 0.08%.
KPI Green Energy Stock Recommendation:
As per Trendlyne data, the consensus recommendation from 1 analyst for KPI Green Energy Ltd. is STRONG BUY. Some of the positive fundamentals of KPI stock are - Stock Price rose 79.68% and outperformed its sector by 57.84% in the past year; Debt to Equity Ratio is equal to 1, which implies that company assets are financed equally through debt and equity; Return on Equity(ROE) for the last financial year was 19.34%, in the normal range of 10% to 20%; Interest Coverage Ratio is 3.99, higher than 1.5, which means that it can meet its interest payments comfortably with its earnings (EBIT); and Promoter Pledges fell 0.01% QoQ taking the total promoter holding pledge % to 45.5%.
About KPI Green Energy:
KPI Green Energy Limited is the Renewable vertical of KP Group and a prominent Gujarat-based Renewable power generating company. Incorporated in February 2008, it focused on providing Renewable power through different Business verticals. The Company develops, builds, owns, operates and maintains Renewable power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name 'Solarism'.
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