The shares of one of the leading steel products manufacturing stock, specializing in the design, engineering, and construction of renewable energy solutions, jumped by upto 2 percent upon receiving orders worth Rs. 52.31 crores across multiple segments, including solar projects, transmission towers, crash barriers, rooftop solar, and heavy engineering.
With a market capitalization of Rs. 2,700.00 crores on Friday, the shares of KP Green Engineering Limited rose by 1.7 percent, making a high of Rs. 542.00 per share compared to its previous closing price of Rs. 532.95 per share.
KP Green Engineering Limited, engaged in the design, engineering, and construction of renewable energy solutions, received new orders worth Rs. 52.31 crore across five key segments.
These include Rs. 11.57 crore for solar mounting structures, Rs. 17.31 crore for transmission towers in the 33/66/220KV range, Rs. 0.46 crore for railway crash barriers, Rs. 3.97 crore for solar rooftop projects, and a significant Rs. 19 crore order in its newly launched Heavy Engineering segment.
The heavy engineering order, related to the Chennai Metro project, marks the company’s first major step into this sector and will be executed at its Matar plant, with completion expected in FY 2026. This development highlights KP Green Engineering’s strategic diversification and commitment to growth in the infrastructure space.
Financials & Others
The company’s revenue rose by 76 percent from Rs. 245 crore to Rs. 432 crore in H2FY24-25. Meanwhile, Net profit rose from Rs. 24 crores to Rs. 46 crores during the same period.
The company has a strong financial profile with a P/E ratio of 36.01, lower than the industry average of 44.35, indicating relatively attractive valuation. It maintains a low debt-to-equity ratio of 0.31, showing prudent financial management. Additionally, it has a healthy average ROE of 23.10% and ROCE of 24.41% over the past three years.
Promoter confidence remains high with a shareholding of over 65%. The company has also delivered robust growth, achieving an average 3-year revenue growth of 65% and an average net profit growth of 98.21%, underlining strong operational and earnings performance.
KP Green Engineering Ltd. (formerly K P Buildcon Pvt. Ltd.), the flagship of the KP Group, was founded in 2001. It offers integrated engineering and steel structure solutions across sectors like renewable energy, power, telecom, railways, and infrastructure. With advanced manufacturing facilities, including Asia’s largest hot-dip galvanizing plant and robotic welding systems, the company provides end-to-end services from design to installation.
It operates 4 manufacturing facilities with a current capacity of 1,42,500 MT/PA, set to expand to 4,00,500 MT/PA by FY2026. With 24+ years of experience, the company offers 22 products across sectors in India and globally. It has a strong order book till FY25 of Rs. 807 Crore and is building Asia’s largest hot-dip galvanizing plant (90,000+ MT/PA).
Written by Sridhar J
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