Fair point. I think there have done orders til 26 odd MW. But your concern is pretty valid and is also a question I have. They have good visibility on land acquisition and also w.r.t. evacuation. Customer / orders is key now
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If company bags 2/3 orders … of 50 + MW then we can be more confident in KPI Green energy.
As of last research report posted in Sep, 2022, the orderbook in hand was at 120 MW CPP (worth 580 cr). From there on, they have added more orders. I think the order is dependent on the size of the client and their need. For now KPI seems to be happy with these orders.
Not sure which client has such a big plan to go for a 50+ MW project. But, I have seen they got even upto 26 MW CPP orders.
The company has close to 1000 acres of land bank and the management’s vision is to hit 750 MW CCP by 2025. The land bank it self is huge, so not sure, if the markets have considered that in the valuation?
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Land sufficient for 250MW or so. They need to invest 1000 Cr to 1400 Cr (rough estimates) for the rest.
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No they have land for overall 600 to 700 mw. Same with transmission capacity
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Hi Investors,
Mr.Patel has set 1000 mW target by 2025, can anyone share knowledge what will be the projected revenue for 2025…? in other words how much revenue does 1000 mW bring to the table?
thanks in advance,
DISC : Invested
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The 1000 MW is cumulative by CY2025. This FY they will end somewhere between 300 to 350 MW. So assuming 180 to 200 MW for FY24, 200 to 250 MW for FY25, it would be around 200 to 250 MW for 9m FY26. So between 220 to 280 MW for FY26 . Most of this will be CPP as IPP is only 250 MW of the 1000 MW targeted. IPP though will be a recurring revenue unlike CPP
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Ok If 1000 mW is cumulative … what is the projected sales in 2025 that was my basic question…
Unable to find it in interviews on CNBC TV 18
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what are the expecations around Q4 results. with the public declaration by the company to the exchange they have executed close to 70 MW in Q4 which should mean min 250-280 cr revenues for Q4. this would be their highest ever quarterly revenue and if margins are intact then a substantial jump in the NPM and net profits.
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70 MW would be a mixture of CPP and IPP. Hence estimating revenue assuming only CPP might not be appropriate.
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The ratings continue to factor in the healthy improvement in scale and profitability at the Group level in FY2023 following the significantly higher execution of captive power plant (CPP)/engineering, procurement and construction (EPC) orders and commissioning of ~30-MW capacities under the subsidiaries. The consolidated revenue and OPBDITA were Rs. 461.4 crore and Rs. 154.3 crore, respectively, in 9M FY2023 against Rs. 155.1 crore and Rs. 73.2 crore, respectively, in 9M FY2022. The consolidated CPP/EPC order book continues to grow at a rapid pace and stood at ~Rs. 512.0 crore as of February 2023 compared with ~Rs. 350.0 crore as of May 2022. These orders are expected to be executed over the next six to nine months.
In FY2024 as well, the Group is expected to post healthy growth in revenues and profitability, led by higher execution of CPP orders and commissioning of the 26.1-MW hybrid power project.
- ICRA
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Anyone attended the concall?
Please share the notes if attended
Concall recording is uploaded to exchanges - you can listen to that
#KPIGREEN - Conference Call - Q4 FY23
Key Highlights -
https://twitter.com/AnirbanManna10/status/1664465365089517569
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KPI green revenues will cross 1500 cr in fy23-24. Orderbook already at 870 cr which is confirmed and 420 cr orderbook in pipeline.
I think with close to 20% profits, the PE will be only 10 as eps will be 60. If valued at pe multiple of 30, then co has very good growth prospects.
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On what basis we are saying 420 cr ordebook in pipeline?
Missed a 0. It is 4200 cr orderbook based on promoter’s interview.
Which interview? I think he might be talking of the entire group and not only KPI Green.
The interview is all over moneycontrol. It was done 3 days back. Very nice and detailed interview.
Co has given clear plans and visibility on orderbook. The great orderbook is 1800mw so I m using conservative estimate of 4 cr per mw which gives 7200 cr orderbook. The good thing is that I am underestimating. Wind project cost is 6.5-7 cr per mw so the orderbook in INR terms is even higher.
Kp energy has already declared to exchanges of 830mw orderbook in investor presentation. So 1000mw is for kpi green. Now at 4.2 cr this will translate into 4200 cr.
Company did 640 cr of revenue in fy22-23. With a large orderbook doing 1000 cr in FY23-24 is easily possible but we are again underestimating the execution potential which is much higher. So we are in a very comfortable position as margins are fixed and revenue in FY23-24 will cross 1500 cr. I dont think there are two ways about this assumption, it’s a given and surety.
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