#KPGEL - KP Green Engineering Limited.
KP Green Engineering Limited is the flagship company of the KP Group. The KP Group is one of the fastest growing companies in India by turnover and profits.
Company at a Glance based on April 2024 investor presentations.
- The company has been in operation for 24 years.
- The company is an approved vendor for a number of large public and private sector organisations including BSNL, MAHATRANSCO, GNFC, GETCO and EIL.
- The company holds ISO 9001:2015 certification.
- KP Green Engineering Limited was founded by Dr. Faruk G. Patel, who started the business as a proprietorship in 1994. The company was later converted into a private limited company in 2001.
- In 2016, KP Energy Limited, a related company, was successfully listed on the SME platform of BSE and migrated to the Main Board Platform of BSE Limited in 2018.
- In 2019, KPI Green Energy Limited, another related company, was successfully listed on the SME Platform of BSE and then migrated to the Main Board Platform of BSE Limited as well as on the National Stock Exchange of India Limited (NSE) in 2021.
- Promoters hold 66.59% of shares, while the public holds 33.41%.
Products and Services
Current Product Verticals:
- Solar Module Mounting Structure
- Windmill Lattice Tower
- Metal Beam Crash Barrier
- Solar Rooftop Installation
- Optical Fiber Fault Rectification
- Sub-Station Equipment Structure
- Transmission Line Tower
- Telecom Tower Structure
- Pooling Sub-Station Development
- Galvanization Job Work
- Isolator (HV Disconnectors)
- Cable Tray & Earthing Material
- C & Z Purlin for PEB
Proposed Product Verticals:
- Windmill Tubular Tower
- Heavy Fabrication
- Transmission line Monopoles
- Gratings
- High Mast Poles & Lighting Poles
- Pre-Engineered Building
The company provides in-house fabrication and hot-dip galvanizing facilities, enabling tailor-made solutions for its clients.
KP Green Engineering Limited has a state-of-the-art manufacturing facility with an area of 2 lakh square feet, along with a hot-dip galvanizing plant with a production capacity of 53,000 MT per annum. The company is planning to expand capacity by 2,94,000 MT per annum at Matar, Gujarat with 6.94 lakh square feet. This expansion will bring the total capacity to 3,47,000 MT per annum and a total area of 8.94 lakh square feet. The company is also proposing to build a large-capacity 90,000 MT per annum hot-dip galvanizing plant, which will be automated and encapsulated. This will enable the company to expand its presence in the road and rail infrastructure sector.
The company describes itself as a "One Stop Solution for Sustainable Renewable Energy Infrastructure".
Financial Performance
The company's financial performance has been strong in the first half of FY24 (H1FY24), with revenue from operations up 366% year-on-year. PAT was also up 381% year-on-year. The company attributes its strong performance to a number of factors, including its strong leadership, robust execution capabilities, and diversified business strategy.
KP Green Engineering Limited's consolidated income statement summary for the half year ending FY24:
|
Particulars
|
H2FY24 (₹ in Cr)
|
H2FY23 (₹ in Cr)
|
YOY% change
|
|
REVENUE FROM OPERATIONS
|
245.12
|
52.64
|
365.66%
|
|
TOTAL INCOME
|
247.83
|
52.91
|
368.44%
|
|
TOTAL OPERATING EXPENSE
|
211.67
|
43.60
|
385.48%
|
|
EBITDA
|
36.17
|
9.31
|
288.63%
|
|
INTEREST COST
|
2.53
|
1.81
|
39.82%
|
|
DEPRECIATION AND AMORTISATION
|
0.96
|
0.76
|
26.74%
|
|
PROFIT BEFORE TAXES
|
32.67
|
6.74
|
384.83%
|
|
PROFIT AFTER TAXES
|
24.20
|
5.03
|
380.74%
|
|
EPS (₹)
|
6.52
|
1.40
|
364.49%
|
Key Ratios for FY23 and FY24:
|
Ratio
|
FY23
|
FY24
|
|
Current Ratio (in times)
|
1.2
|
2.9
|
|
Interest Coverage Ratio (in times)
|
6
|
11
|
|
Debt to Equity (in times)
|
0.54
|
0.14
|
|
Total Outside Liability to Total Net Worth (in times)
|
1.9
|
0.55
|
Future Plans
The company plans to continue to grow its business in the coming years, both organically and through acquisitions. The company is also looking to expand its product and service portfolio, including new high-demand products. The company is confident that it can continue to deliver strong financial performance and create shareholder value.
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