Stock Split News: Small cap green energy company KPI Green Energy Ltd (NSE: KPIGREEN) is going to trade Ex-split at a ratio of 1:2 soon.
KPI Green Energy shares have given Multibagger returns to investors in the last one year. The share price has zoomed over 86.94% YTD and in the last 1 year, it has offered over 300% returns so far.
KPI Green Energy Stock Split News
The board members of the company has approved for stock split in a meeting held on May 23. The company has informed to stock exchange in a recent filing that the share will split into 1:2 soon.
According to the board, shareholders will receive 2 shares with a face value of Rs 5 each for the existing one share with face value Rs 10. In the board meeting held on July 2, the company announced record date. The board of directors has fixed July 18 as the record date for stock splitting.
The company aims to increase the liquidity of company’s equity Shares in the stock market. By splitting the stock, the share price will decrease which will attract more investors.
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Company Background
KPI Green Energy Ltd formerly known as KPI Global Infrastructure Limited is a Surat based company that produces and supplies solar energy. The company was founded in 2008 by Faruk G Patel and operating since then.
KPI Green Energy mainly focused on Developing renewable energy under the brand name solarism. The company provides solar power by maintaining solar power plants.
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KPI Green Energy Ltd Share Price
On NSE, the shares of KPI Green currently trading at Rs 1,943.80. During the trading session, it hit a 5% upper circuit on Monday, July 15.
The 52-week high is Rs 2,109.15 and 52-week low Rs 426.67 respectively. This means, KPI Green shares have surged more that 4X in the last one year. The market cap of the company stands at Rs 11,000 crore.
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KPI Green Share Performance
In the last one month the shares of KPI Green Energy have offered 6.73% returns to shareholders. The share price has gained around 105% YTD. However it has given double returns in the last 6 months with a 109% gain.
In the last 5 years, it has offered eye popping returns of 910% so far.
Future Outlook
KPI Green has posted strong profits in the recent quarterly results. The company’s net profit and sales growth has been amazing in the last three years. KPI Green’s profit growth has surged to 129.38% and sales growth to 101.85% in the last three years.
The company has now focused on reducing debts to improve financial health. Considering the improvement in the financial status, it is expected that the share price will increase exponentially after stock split. However investors should note that KPI Green Energy Ltd has high promoter pledging which makes it high volatile.
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