Ravindra Energy Ltd
Incorporated in 1980, Ravindra Energy Ltd is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power[1]
- Market Cap ₹ 1,952 Cr.
- Current Price ₹ 109
- High / Low ₹ 167 / 59.7
- Stock P/E 150
- Book Value ₹ 8.60
- Dividend Yield 0.00 %
- ROCE 8.21 %
- ROE 7.82 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 90.1 to 58.8 days.
Cons
- Stock is trading at 12.5 times its book value
- The company has delivered a poor sales growth of -18.0% over past five years.
- Tax rate seems low
- Company has a low return on equity of -26.5% over last 3 years.
- Earnings include an other income of Rs.15.6 Cr.
- Promoter holding has decreased over last 3 years: -10.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of BSE Allcap BSE SmallCap BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 101 | 101 | 77 | 122 | 54 | 47 | 163 | 353 | 114 | 73 | 59 | 61 | 62 | |
| 102 | 104 | 81 | 123 | 49 | 44 | 160 | 330 | 117 | 262 | 57 | 51 | 54 | |
| Operating Profit | -1 | -3 | -4 | -1 | 5 | 3 | 3 | 23 | -3 | -189 | 2 | 10 | 9 |
| OPM % | -1% | -3% | -5% | -1% | 9% | 7% | 2% | 7% | -2% | -259% | 3% | 16% | 14% |
| 2 | 4 | 4 | 5 | 6 | 5 | 21 | -2 | 8 | 12 | 5 | 4 | 16 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 2 | 13 | 20 | 15 | 4 | 1 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 0 | 0 | 1 | 4 | 9 | 6 | 10 | 1 | -10 | -181 | 4 | 11 | 21 |
| Tax % | 10% | 27% | 33% | 33% | 33% | 30% | 30% | 25% | 1% | 0% | -4% | -1% | |
| 0 | 0 | 0 | 2 | 6 | 4 | 7 | 1 | -10 | -181 | 4 | 11 | 20 | |
| EPS in Rs | 0.03 | 0.20 | 0.52 | 0.32 | 0.57 | 0.05 | -0.83 | -13.49 | 0.31 | 0.70 | 1.25 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -18% |
| 3 Years: | -19% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 10% |
| 3 Years: | 46% |
| TTM: | 469% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 36% |
| 3 Years: | 27% |
| 1 Year: | 55% |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -13% |
| 3 Years: | -26% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 114 | 114 | 118 | 118 | 118 | 120 | 120 | 120 | 134 | 138 | 154 | 154 |
| Reserves | 89 | 90 | 90 | 92 | 98 | 90 | 105 | 106 | 268 | 80 | -8 | -7 | -1 |
| 0 | 0 | 0 | 5 | 7 | 9 | 180 | 206 | 15 | 12 | 5 | 19 | 6 | |
| 91 | 133 | 134 | 156 | 219 | 231 | 141 | 72 | 36 | 7 | 32 | 7 | 7 | |
| Total Liabilities | 294 | 336 | 339 | 371 | 442 | 448 | 546 | 504 | 439 | 233 | 166 | 174 | 166 |
| 4 | 4 | 4 | 12 | 16 | 16 | 16 | 17 | 17 | 7 | 12 | 11 | 13 | |
| CWIP | 0 | 7 | 8 | 0 | 0 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Investments | 151 | 151 | 151 | 150 | 182 | 207 | 224 | 224 | 230 | 88 | 109 | 102 | 77 |
| 139 | 175 | 176 | 209 | 244 | 223 | 306 | 262 | 191 | 138 | 45 | 62 | 77 | |
| Total Assets | 294 | 336 | 339 | 371 | 442 | 448 | 546 | 504 | 439 | 233 | 166 | 174 | 166 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -7 | -0 | 1 | 40 | 38 | -165 | -11 | 29 | -28 | 45 | -26 | |
| -5 | 3 | -1 | 0 | -30 | -39 | -5 | 10 | -2 | 23 | 5 | 4 | |
| 1 | 4 | 1 | 3 | -1 | -2 | 168 | 6 | -34 | 1 | -39 | 21 | |
| Net Cash Flow | -2 | -1 | -0 | 4 | 10 | -3 | -2 | 5 | -8 | -3 | 11 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 3 | 7 | 142 | 38 | 127 | 70 | 175 | 146 | 66 | 59 |
| Inventory Days | 3 | 0 | 4 | 2 | 30 | 168 | 12 | 12 | 12 | 7 | 18 | 33 |
| Days Payable | 3 | 14 | 257 | 51 | 100 | 19 | 72 | 61 | 24 | 155 | 35 | |
| Cash Conversion Cycle | -0 | 0 | -8 | -247 | 120 | 105 | 120 | 9 | 126 | 129 | -71 | 56 |
| Working Capital Days | 122 | 137 | 178 | 130 | 44 | -165 | 341 | 178 | 456 | 626 | -32 | 207 |
| ROCE % | 0% | 0% | 0% | 2% | 5% | 4% | 7% | 12% | 1% | -55% | 3% | 8% |
Documents
Announcements
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 38m
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Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
40m - Promoter pledged additional 16 lakh shares as loan collateral, total 14.33% promoter shares encumbered.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
23 Apr - Ravindra Energy appoints GOINDIA ADVISORS LLP as Investor Relation agency from April 23, 2025.
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In Continuation To The Disclosure Dated March 28, 2025' Filed On 'With The Stock Exchange/S (Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 , We Would Like To Inform That, Sharjah Airport International Free Zone Authority (Government Of Sharjah, United Arab Emirates) Has Issued Final Closure Order For 'Renuka Energy Resource Holdings FZE' (RERH) (Wholly-Owned-Subsidiary).
22 Apr - Sharjah authority issued final closure order for subsidiary Renuka Energy Resource Holdings FZE.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
21 Apr - Certificate confirming securities dematerialization compliance for quarter ended March 31, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Accreditation:[1]
The company is accredited by the Ministry of New and Renewable Energy as an Empanelled Supplier of Solar Water Pumps and a Roof Channel Partner. These accreditations enable the company to offer the full range of subsidies available for solar systems, with all products designed to comply with the ministry's standards.