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 ₹ 188 Cr.
- Current Price ₹ 67.8
- High / Low ₹ 140 / 66.0
- Stock P/E
- Book Value ₹ 139
- Dividend Yield 2.95 %
- ROCE 0.80 %
- ROE -3.64 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.49 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -1.88% over last 3 years.
- Contingent liabilities of Rs.91.0 Cr.
- Earnings include an other income of Rs.21.4 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -7.45%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1,800 | 1,286 | 263 | 406 | 84 | |
| 1,284 | 1,124 | 395 | 403 | 96 | |
| Operating Profit | 516 | 163 | -132 | 3 | -12 |
| OPM % | 29% | 13% | -50% | 1% | -14% |
| 1 | 13 | 11 | 15 | 21 | |
| Interest | 1 | 6 | 3 | 1 | 1 |
| Depreciation | 1 | 4 | 5 | 17 | 23 |
| Profit before tax | 515 | 166 | -129 | 0 | -15 |
| Tax % | 26% | 28% | 0% | 700% | |
| 383 | 120 | -129 | -1 | -15 | |
| EPS in Rs | 139.30 | 43.49 | -46.94 | -0.30 | -4.77 |
| Dividend Payout % | 4% | 0% | 0% | -657% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -39% |
| TTM: | -82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -49% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| Last Year: | -4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 28 | 28 | 28 | 28 |
| Reserves | 402 | 496 | 369 | 361 | 357 |
| 2 | 67 | 5 | 1 | 1 | |
| 151 | 298 | 261 | 216 | 195 | |
| Total Liabilities | 562 | 888 | 663 | 606 | 580 |
| 27 | 32 | 35 | 106 | 108 | |
| CWIP | 4 | 74 | 95 | 2 | 0 |
| Investments | 23 | 24 | 6 | 63 | 90 |
| 508 | 759 | 526 | 435 | 383 | |
| Total Assets | 562 | 888 | 663 | 606 | 580 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 31 | 141 | 99 | 43 | |
| -52 | -168 | -31 | -0 | |
| 15 | 53 | -61 | -15 | |
| Net Cash Flow | -6 | 26 | 8 | 28 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 28 | 10 | 66 | 33 |
| Inventory Days | 63 | 127 | 167 | 96 |
| Days Payable | 34 | 26 | 41 | 30 |
| Cash Conversion Cycle | 57 | 111 | 191 | 100 |
| Working Capital Days | 69 | 119 | 332 | 161 |
| ROCE % | 33% | -25% | 1% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Dec 2024 | |
|---|---|---|---|---|
| Credits Mobilized Million |
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| Global Presence (Countries) Count |
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| Number of Clients Count |
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| Carbon Credit Trading Volume Million credits |
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| Community-Based Project Investment (Group Level Capex) INR Crores |
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| Number of Projects Count |
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| Carbon Credit Inventory Million credits |
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Documents
Announcements
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Closure of Trading Window
18h - Trading window closed from April 1, 2026 until 48 hours after declaration of audited results for March 31, 2026.
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Appointment of Company Secretary and Compliance Officer
13 Mar - Mr Yash Joshi appointed Company Secretary & Compliance Officer effective March 13, 2026; ACS 73192.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Feb - EKI named among Top Five renewable energy carbon credit suppliers for 2025 in Abatable's 2026 report (Feb 16, 2026).
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Announcement under Regulation 30 (LODR)-Change in Management
9 Feb - Ms. Itisha Sahu resigns as Company Secretary and Compliance Officer, effective February 9, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jan - Newspaper Publication of extract of the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
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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May 2024Transcript PPT
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Sep 2023Transcript PPT REC
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Feb 2023Transcript PPT
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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.