EKI Energy Services Ltd
Incorporated in 2011, EKI Energy Services Ltd is in the business of Carbon credit offsetting, carbon advisory services, and implementation & development of carbon credit eligible projects[1]
- Market Cap ₹ 235 Cr.
- Current Price ₹ 85.0
- High / Low ₹ 136 / 60.0
- Stock P/E
- Book Value ₹ 151
- Dividend Yield 2.35 %
- ROCE -1.61 %
- ROE -1.83 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.56 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -15.2% over past five years.
- Company has a low return on equity of -8.96% over last 3 years.
- Contingent liabilities of Rs.91.0 Cr.
- Earnings include an other income of Rs.19.5 Cr.
- Promoter holding has decreased over last 3 years: -7.53%
- Working capital days have increased from 546 days to 957 days
* 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
Services Services Commercial Services & Supplies Consulting Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.74 | 1.81 | 4.70 | 6.99 | 19.76 | 65.90 | 190.70 | 1,800.12 | 1,258.41 | 258.85 | 164.61 | 83.37 | |
| 1.41 | 1.45 | 4.20 | 6.35 | 18.84 | 59.75 | 165.35 | 1,284.15 | 1,105.35 | 388.39 | 152.59 | 86.69 | |
| Operating Profit | 0.33 | 0.36 | 0.50 | 0.64 | 0.92 | 6.15 | 25.35 | 515.97 | 153.06 | -129.54 | 12.02 | -3.32 |
| OPM % | 18.97% | 19.89% | 10.64% | 9.16% | 4.66% | 9.33% | 13.29% | 28.66% | 12.16% | -50.04% | 7.30% | -3.98% |
| 0.03 | 0.00 | 0.03 | 0.02 | 0.13 | 0.08 | 0.23 | 1.30 | 12.30 | 10.56 | 16.92 | 19.47 | |
| Interest | 0.17 | 0.16 | 0.21 | 0.25 | 0.08 | 0.09 | 0.28 | 0.60 | 5.46 | 2.78 | 0.84 | 0.62 |
| Depreciation | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.20 | 0.39 | 0.91 | 2.75 | 3.17 | 11.60 | 23.02 |
| Profit before tax | 0.16 | 0.16 | 0.28 | 0.36 | 0.92 | 5.94 | 24.91 | 515.76 | 157.15 | -124.93 | 16.50 | -7.49 |
| Tax % | 31.25% | 31.25% | 28.57% | 25.00% | 26.09% | 24.07% | 24.97% | 25.66% | 23.84% | -0.13% | 7.52% | 3.60% |
| 0.11 | 0.11 | 0.19 | 0.27 | 0.68 | 4.51 | 18.70 | 383.42 | 119.67 | -124.77 | 15.26 | -7.76 | |
| EPS in Rs | 5.50 | 5.50 | 9.50 | 13.50 | 34.00 | 225.50 | 9.26 | 139.43 | 43.50 | -45.33 | 5.53 | -2.80 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.70% | 3.58% | 0.00% | 0.00% | 36.17% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | -15% |
| 3 Years: | -60% |
| TTM: | -49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -153% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -20% |
| 3 Years: | -43% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 19% |
| 3 Years: | -9% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 5.05 | 6.87 | 27.51 | 27.52 | 27.60 | 27.69 |
| Reserves | 0.70 | 1.21 | 1.40 | 0.92 | 1.60 | 6.16 | 19.85 | 402.38 | 511.32 | 386.42 | 399.62 | 391.24 |
| 1.07 | 1.18 | 1.65 | 1.34 | 1.28 | 1.06 | 1.47 | 0.85 | 64.91 | 2.02 | 1.24 | 5.41 | |
| 0.28 | 0.10 | 0.14 | 0.45 | 1.20 | 7.40 | 13.27 | 150.09 | 277.03 | 246.56 | 204.83 | 160.95 | |
| Total Liabilities | 2.10 | 2.54 | 3.24 | 2.76 | 4.13 | 14.67 | 39.64 | 560.19 | 880.77 | 662.52 | 633.29 | 585.29 |
| 0.48 | 0.88 | 0.86 | 0.12 | 0.14 | 4.31 | 1.14 | 25.71 | 25.51 | 28.90 | 101.04 | 129.10 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 4.04 | 85.08 | 86.12 | 2.09 | 0.00 |
| Investments | 0.00 | 0.05 | 0.68 | 0.00 | 0.00 | 0.00 | 4.82 | 23.02 | 45.29 | 35.84 | 99.16 | 62.67 |
| 1.62 | 1.61 | 1.70 | 2.64 | 3.99 | 10.36 | 33.65 | 507.42 | 724.89 | 511.66 | 431.00 | 393.52 | |
| Total Assets | 2.10 | 2.54 | 3.24 | 2.76 | 4.13 | 14.67 | 39.64 | 560.19 | 880.77 | 662.52 | 633.29 | 585.29 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.19 | 0.06 | 0.49 | 0.18 | 6.05 | 15.68 | 29.87 | 147.29 | 148.73 | 47.48 | -23.38 | |
| 0.00 | -0.05 | -0.02 | 0.48 | 0.11 | -4.45 | -2.14 | -50.50 | -194.45 | -83.15 | -6.01 | -30.77 | |
| 0.00 | -0.14 | -0.04 | -0.56 | -0.14 | -0.31 | 0.14 | 14.40 | 50.62 | -62.64 | -4.71 | 4.42 | |
| Net Cash Flow | 0.00 | 0.01 | 0.00 | 0.41 | 0.16 | 1.29 | 13.68 | -6.23 | 3.46 | 2.94 | 36.76 | -49.72 |
| Free Cash Flow | 0.00 | 0.14 | 0.04 | 0.43 | 0.11 | 4.64 | 15.48 | 24.93 | 59.56 | 141.15 | 47.86 | -31.58 |
| CFO/OP | 0% | 39% | -4% | 94% | 46% | 122% | 87% | 26% | 157% | -94% | 403% | 702% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 255.92 | 239.97 | 110.28 | 88.77 | 45.62 | 23.82 | 12.52 | 28.29 | 8.31 | 60.94 | 64.28 | 65.36 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 62.89 | 124.50 | 153.96 | 330.47 | 548.40 | ||||
| Days Payable | 34.17 | 29.67 | 49.74 | 107.39 | 81.59 | |||||||
| Cash Conversion Cycle | 255.92 | 239.97 | 110.28 | 88.77 | 45.62 | 23.82 | 12.52 | 57.01 | 103.14 | 165.16 | 287.36 | 532.17 |
| Working Capital Days | 211.87 | 246.02 | 102.51 | 29.76 | 14.41 | 3.16 | 6.83 | 69.48 | 113.73 | 309.67 | 372.27 | 957.35 |
| ROCE % | 20.56% | 15.02% | 17.69% | 22.55% | 37.40% | 116.86% | 149.11% | 236.17% | 31.92% | -24.02% | 3.93% | -1.61% |
Insights
In beta| Mar 2015 | Mar 2020 | Jun 2021 | Jul 2022 | Nov 2023 | Feb 2025 | |
|---|---|---|---|---|---|---|
| Carbon Credits Sold/Mobilized Million Credits |
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| Countries of Operation Count |
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| Number of Clients Count |
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| Number of Projects in Portfolio Count |
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| Cookstove Manufacturing Capacity (GHG Reduction Technologies) Million units per annum |
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| Cumulative Cookstoves Distributed Million units |
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| CAPEX Deployed for Community-based Projects Rs. Crore |
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| Carbon Credits Inventory (Stock in Hand) Million Credits |
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| Cumulative Carbon Credits Mobilized (Since Inception) Million Credits |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Mohit Kumar Agarwal resigns as CFO/WTD on July 15, 2026; Pooja Jorway appointed from July 16, 2026.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Mohit Agarwal resigns as CFO and WTD effective July 15, 2026; Pooja Jorway appointed from July 16, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for Quarter Ended June 30, 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Receipt Of Adjudication Orders From The Registrar Of Companies, Gwalior
30 Jun - ROC Gwalior imposed four penalties totaling ₹15.64 lakh on EKI for Companies Act lapses.
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Closure of Trading Window
26 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
Annual reports
Concalls
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Feb 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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Sep 2023Transcript PPT REC
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021TranscriptAI SummaryPPT
Business Overview:[1]
EKIESL operates in climate change and sustainability advisory services, specializing in carbon credit trading. The company mobilizes carbon credits for sale in the global voluntary carbon credit market, serving customers in over 40 countries. EKIESL advises and assists clients engaged in carbon avoidance, reduction, and removal projects, handling activities such as registration, validation, verification, issuance, and sale of carbon credits.