A significant player in India’s renewable energy sector has approved a generous 1:2 bonus share issuance, reflecting its strong financial position and commitment to shareholder value. This decision comes at a time when the company’s market capitalisation stands at an impressive Rs. 10,095 crore.
The announcement has been well-received by the market, with the stock price showing positive momentum, rising 2.42% to reach Rs. 769.15. This corporate action aligns with the broader positive sentiment in India’s renewable energy sector, where solar and wind power installations continue to expand rapidly.
Share Price Movement
The share price of KPI Green Limited went up by 2.42 percent to Rs. 769.15 per share on Monday, an increase from its previous close of Rs. 751 per share. The market capitalisation now stands at approximately Rs. 10,095 crore as of November 18, 2024.
What Happened
On November 14, 2024, KPI Green Energy held a board meeting and approved a 1:2 bonus share issue, granting one bonus share for every two existing shares. Additionally, the board approved amendments to the Memorandum of Association and initiated a postal ballot for shareholder approval. This decision will raise the paid-up share capital from Rs. 65.63 crore (13.13 crore shares) to Rs. 98.44 crore (19.69 crore shares). The bonus shares shall be credited within 2 months from the date of the board approval, i.e. on or before January 14, 2025.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, KPI Green Limited’s consolidated revenue from operations has increased by 67 percent YOY from Rs. 215 crore in Q2 FY24 to Rs. 360 crore in Q2 FY25 and increased by 3.44 percent QoQ from Rs. 348 crore in Q1 FY25.
The company’s consolidated net profit has increased by 100 percent, from Rs. 35 crore in Q2 FY24 to Rs. 70 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 6.06 percent QoQ from Rs. 66 crore.
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Market Outlook
India is rapidly expanding its renewable energy capacity, reaching 136.6 GW in FY24. The country has set ambitious goals, including installing 500 GW of renewable energy by 2030, with special focus on solar power. Solar energy leads the sector with 75.57 GW capacity, followed by wind power at 45.15 GW. The government has introduced supportive policies like 100% FDI, waiver of transmission charges, and various schemes to boost growth. The sector aims to reduce carbon emissions by 45% by decade end.
Shareholding Pattern
As of the November 2024 shareholding pattern, KPI Green Limited is primarily held by the promotors at 48.77 percent, foreign institutional investors hold 9.95 percent, and the public with 39.80 percent.
About Company
KPI Green Energy Limited, founded in 2008, is a prominent player in India’s renewable energy market, specialising in solar power. Operating as an Independent Power Producer (IPP) under the larger KP Group, the company has built a strong portfolio of solar and hybrid solar-wind projects.
KPI Green Energy develops, builds, owns, and maintains renewable power facilities, serving both its own operations and Captive Power Producers (CPPs) through its “Solarism” brand. As of November 2024, the company holds a market capitalisation of ₹10,095 crore with a share price of ₹769 on the NSE.
Under the leadership of Managing Director Farukbhai Patel, KPI Green Energy is expanding its renewable energy capacity and improving operational efficiencies. With a focus on sustainability and innovation, the company remains a key contributor to India’s green energy goals.
Written By Fazal Ul Vahab C H
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