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 ₹ 213 Cr.
- Current Price ₹ 77.0
- High / Low ₹ 114 / 60.0
- Stock P/E
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE -6.15 %
- ROE -5.95 %
- 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.
- Company has a low return on equity of -12.1% over last 3 years.
- Contingent liabilities of Rs.96.0 Cr.
- Promoter holding has decreased over last 3 years: -7.52%
- Working capital days have increased from 424 days to 779 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 1,800 | 1,286 | 263 | 406 | 87 | 82 | |
| Sales growth | -29% | -80% | +54% | -79% | -66% | |
| 1,284 | 1,124 | 395 | 403 | 95 | 101 | |
| Operating Profit | 516 | 163 | -132 | 3 | -8 | -19 |
| OPM % | 29% | 13% | -50% | 0.7% | -10% | -24% |
| 1 | 13 | 11 | 15 | 18 | 16 | |
| Interest | 1 | 6 | 3 | 1 | 1 | 1 |
| Depreciation | 1 | 4 | 5 | 17 | 25 | 27 |
| Profit before tax | 515 | 166 | -129 | 0 | -16 | -31 |
| Tax % | 26% | 28% | 0% | 700% | 5% | |
| 383 | 120 | -129 | -1 | -17 | -31 | |
| EPS in Rs | 139.30 | 43.49 | -46.94 | 0.52 | -5.42 | -10.87 |
| Dividend Payout % | 4% | 0% | 0% | 383% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -59% |
| TTM: | -66% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -4998% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -41% |
| 3 Years: | -43% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | -12% |
| Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 28 | 28 | 28 | 28 |
| Reserves | 402 | 496 | 369 | 361 | 352 |
| 2 | 67 | 5 | 1 | 5 | |
| 151 | 298 | 261 | 216 | 163 | |
| Total Liabilities | 562 | 888 | 663 | 606 | 548 |
| 27 | 32 | 35 | 106 | 131 | |
| CWIP | 4 | 74 | 95 | 2 | 3 |
| Investments | 23 | 24 | 6 | 63 | 39 |
| 508 | 759 | 526 | 435 | 377 | |
| Total Assets | 562 | 888 | 663 | 606 | 548 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 31 | 141 | 99 | 43 | -28 | |
| -52 | -168 | -31 | -0 | -38 | |
| 15 | 53 | -61 | -15 | 3 | |
| Net Cash Flow | -6 | 26 | 8 | 28 | -63 |
| Free Cash Flow | 24 | 59 | 69 | 45 | -37 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 26% | 150% | -55% | 1,515% | 339% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 28 | 10 | 66 | 33 | 64 |
| Inventory Days | 63 | 127 | 167 | 96 | 563 |
| Days Payable | 34 | 26 | 41 | 30 | 74 |
| Cash Conversion Cycle | 57 | 111 | 191 | 100 | 553 |
| Working Capital Days | 69 | 119 | 332 | 161 | 779 |
| ROCE % | 33% | -25% | 1% | -6% |
Insights
In beta| Mar 2015 | Mar 2020 | May 2022 | Nov 2023 | Feb 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Carbon Credits Sold/Mobilized Million Credits |
|
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| Countries of Operation Count |
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| Cumulative Carbon Credits Mobilized (Since Inception) Million Credits |
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| Cumulative Cookstoves Distributed Million units |
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| Number of Clients Count |
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| Number of Projects in Portfolio Count |
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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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Extracted by Screener AI
Documents
Announcements
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Unaudited Financial Results For Quarter And Half Year Ended 30 September 2026
- Q2/H1 FY27 results reported; SEBI imposes ₹12 lakh penalty and 2-month market ban, plus USD 10 million guarantee invoked.
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Board Meeting Outcome for BM Outcome
- Board approved Q2/H1 FY27 results; SEBI imposed ₹12 lakh penalty and two-month market ban; Vitol invoked USD 10m guarantee.
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Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026
- Board meeting on November 14, 2026 to approve Q2 and half-year unaudited financial results; trading window closed.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulation')
- Vitol invoked USD 10 million bank guarantee under 2022 agreement; EKI disputes termination and will arbitrate.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- EKI will appeal SEBI order; final finding narrows alleged expense issue to ₹26.34 crore.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
Concalls
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Feb 2025Transcript PPT
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Feb 2025PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024PPT
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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 2021PPT
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.