EKI Energy Services Ltd

AI

EKI Energy Services Ltd

₹ 81.1 0.55%
13 Aug 9:09 a.m.
About

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]

Key Points

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.

  • Market Cap 225 Cr.
  • Current Price 81.1
  • High / Low 122 / 60.0
  • Stock P/E
  • Book Value 151
  • Dividend Yield 2.47 %
  • ROCE -1.61 %
  • ROE -1.83 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.53 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.17.5 Cr.
  • Promoter holding has decreased over last 3 years: -7.52%
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
62 77 41 78 42 46 62 15 15 34 16 18 9
92 119 63 115 40 47 55 11 17 31 16 22 23
Operating Profit -30 -41 -21 -37 2 -1 7 3 -2 3 -0 -4 -14
OPM % -49% -53% -51% -47% 5% -1.8% 12% 23% -17% 10% -2.0% -21% -159%
0 1 2 8 3 6 4 4 6 4 7 3 4
Interest 1 1 1 0 0 0 1 0 0 0 1 0 0
Depreciation 1 1 1 1 2 1 4 5 5 5 7 7 7
Profit before tax -32 -42 -21 -30 3 4 6 3 -1 2 -1 -8 -16
Tax % 1% 0% -1% -0% -4% 1% 24% -4% -105% 101% -105% -2% -7%
-32 -42 -21 -30 3 4 5 3 0 -0 0 -8 -15
EPS in Rs -11.54 -15.17 -7.66 -10.97 1.26 1.49 1.70 1.09 0.01 -0.01 0.01 -2.82 -5.53
Raw PDF

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 TTM
2 2 5 7 20 66 191 1,800 1,258 259 165 83 78
1 1 4 6 19 60 165 1,284 1,105 388 153 87 93
Operating Profit 0 0 0 1 1 6 25 516 153 -130 12 -3 -15
OPM % 19% 20% 11% 9% 4.7% 9% 13% 29% 12% -50% 7% -4.0% -19%
0 0 0 0 0 0 0 1 12 11 17 19 17
Interest 0 0 0 0 0 0 0 1 5 3 1 1 1
Depreciation 0 0 0 0 0 0 0 1 3 3 12 23 25
Profit before tax 0 0 0 0 1 6 25 516 157 -125 16 -7 -23
Tax % 31% 31% 29% 25% 26% 24% 25% 26% 24% -0% 8% 4%
0 0 0 0 1 5 19 383 120 -125 15 -8 -23
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 -8.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 3% 4% 0% 0% 36% 0%
Compounded Sales Growth
10 Years: 47%
5 Years: -15%
3 Years: -60%
TTM: -44%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -296%
Stock Price CAGR
10 Years: %
5 Years: -26%
3 Years: -44%
1 Year: -27%
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 7 28 28 28 28
Reserves 1 1 1 1 2 6 20 402 511 386 400 391
1 1 2 1 1 1 1 1 65 2 1 5
0 0 0 0 1 7 13 150 277 247 205 161
Total Liabilities 2 3 3 3 4 15 40 560 881 663 633 585
0 1 1 0 0 4 1 26 26 29 101 129
CWIP 0 0 0 0 0 0 0 4 85 86 2 0
Investments 0 0 1 0 0 0 5 23 45 36 99 63
2 2 2 3 4 10 34 507 725 512 431 394
Total Assets 2 3 3 3 4 15 40 560 881 663 633 585

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 0 0 0 0 6 16 30 147 149 47 -23
0 -0 -0 0 0 -4 -2 -50 -194 -83 -6 -31
0 -0 -0 -1 -0 -0 0 14 51 -63 -5 4
Net Cash Flow 0 0 0 0 0 1 14 -6 3 3 37 -50
Free Cash Flow 0 0 0 0 0 5 15 25 60 141 48 -32
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 256 240 110 89 46 24 13 28 8 61 64 65
Inventory Days 0 0 0 63 124 154 330 548
Days Payable 34 30 50 107 82
Cash Conversion Cycle 256 240 110 89 46 24 13 57 103 165 287 532
Working Capital Days 212 246 103 30 14 3 7 69 114 310 372 957
ROCE % 21% 15% 18% 23% 37% 117% 149% 236% 32% -24% 4% -2%

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
Number of Clients
Count
Number of Projects in Portfolio
Count
Cookstove Manufacturing Capacity (GHG Reduction Technologies)
Million units per annum
Cumulative Cookstoves Distributed
Million units
CAPEX Deployed for Community-based Projects
Rs. Crore
Carbon Credits Inventory (Stock in Hand)
Million Credits
Cumulative Carbon Credits Mobilized (Since Inception)
Million Credits

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
73.41% 73.40% 73.43% 73.42% 73.41% 70.87% 66.08% 66.08% 65.98% 65.98% 65.89% 65.89%
0.14% 0.14% 0.14% 0.14% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.06% 0.06%
0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.43% 26.44% 26.43% 26.43% 26.59% 29.07% 33.86% 33.84% 33.94% 33.93% 34.05% 34.06%
No. of Shareholders 74,74574,00668,85365,81263,58562,95163,63162,18060,56658,73456,73355,412

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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