KP Green Engineering stock jumps 6% after receiving its first-ever US order

A leading Indian manufacturer of solar mounting solutions has achieved a significant milestone in its international expansion, marking its first export breakthrough. The company has commenced delivery of solar module mounting structures to a major U.S. solar corporation, with a substantial order valued at Rs. 23.02 crore slated for completion by March 2025.

Share Price Movement 

The share price of  KP Green Engineering Limited went up 5.6 percent to Rs. 509 per share on Friday, an increase from its previous close of Rs. 481.75 per share. The market capitalisation now stands at approximately Rs. 2,487.5 crore as of February 07, 2025.

Recent Update

KP Green Engineering has started delivering their first export order of Solar Module Mounting Structures (MMS) to GameChanger Solar Corp, USA, marking a significant milestone in their global expansion. The order is worth  Rs. 23.02 Crores. They plan to complete the delivery by March 2025

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Financial Highlights

In H1FY25, revenue surged 154% YoY to Rs. 264 crore from Rs. 104 crore in H1FY24, also marking a 7.8% increase from Rs. 245 crore in H2FY24. Profit rose 145% YoY to Rs. 27 crore from Rs. 11 crore in H1FY24, reflecting a 12.5% growth over Rs. 24 crore in H2FY24.

Competitors 

KP Green Engineering Ltd’s competitors include Simplex Infrastructures Ltd, PSP Projects Ltd, Salasar Techno Engineering Ltd, DEE Development Engineers Ltd, Tega Industries Ltd, and Azad Engineering Ltd.

KP Green Engineering is currently trading at a P/E of 48, which is above the industry P/E of 39.

Market Outlook

The Indian engineering services market is set for strong growth, projected to reach USD 254 billion by 2030 at a 7.9% CAGR. Key sectors like renewable energy, space research, and defence will see major advancements. Engineering exports to the US, Europe, and UAE are expected to rise.

Technological adoption, including AI and robotics, will be essential for competitiveness. Government-backed infrastructure projects and the “Make in India” initiative will further boost domestic manufacturing and create global opportunities for Indian firms.

Written By Fazal Ul Vahab C H

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