Karamtara Engineering Ltd
Incorporated in 1996, Karamtara
Engineering Limited manufactures
products for renewable energy and
transmission lines.[1]
- Market Cap ₹ 12,408 Cr.
- Current Price ₹ 386
- High / Low ₹ 446 / 320
- Stock P/E 48.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 23.4 %
- ROE 20.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 85.4% CAGR over last 5 years
Cons
* 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1,046 | 1,245 | 1,600 | 2,425 | 3,158 | 4,312 | |
| 930 | 1,115 | 1,446 | 2,161 | 2,812 | 3,812 | |
| Operating Profit | 116 | 130 | 155 | 264 | 347 | 500 |
| OPM % | 11% | 10% | 10% | 11% | 11% | 12% |
| 16 | 2 | -0 | 1 | 7 | 2 | |
| Interest | 82 | 78 | 76 | 93 | 128 | 141 |
| Depreciation | 32 | 31 | 32 | 35 | 38 | 51 |
| Profit before tax | 18 | 23 | 47 | 137 | 188 | 311 |
| Tax % | 42% | 45% | 9% | 25% | 26% | 26% |
| 10 | 13 | 42 | 103 | 139 | 229 | |
| EPS in Rs | 0.37 | 0.45 | 1.50 | 3.64 | 4.77 | 7.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 39% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 85% |
| 3 Years: | 75% |
| TTM: | 75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 20% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 292 | 292 |
| Reserves | 390 | 404 | 445 | 548 | 691 | 928 |
| 479 | 429 | 328 | 509 | 559 | 1,105 | |
| 568 | 706 | 758 | 783 | 1,220 | 1,816 | |
| Total Liabilities | 1,442 | 1,544 | 1,537 | 1,845 | 2,762 | 4,141 |
| 508 | 499 | 548 | 621 | 648 | 1,238 | |
| CWIP | 10 | 40 | 16 | 17 | 196 | 485 |
| Investments | 1 | 1 | 1 | 1 | 4 | 9 |
| 923 | 1,004 | 972 | 1,206 | 1,914 | 2,408 | |
| Total Assets | 1,442 | 1,544 | 1,537 | 1,845 | 2,762 | 4,141 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -31 | 182 | 241 | 40 | 103 | 675 | |
| -18 | -56 | -61 | -124 | -276 | -959 | |
| 57 | -129 | -180 | 88 | 195 | 328 | |
| Net Cash Flow | 8 | -4 | -0 | 4 | 21 | 44 |
| Free Cash Flow | -58 | 126 | 181 | -74 | -221 | -247 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -27% | 146% | 161% | 23% | 43% | 152% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 91 | 87 | 72 | 86 | 108 | 111 |
| Inventory Days | 262 | 158 | 135 | 95 | 120 | 84 |
| Days Payable | 215 | 144 | 115 | 109 | 179 | 194 |
| Cash Conversion Cycle | 137 | 102 | 93 | 71 | 48 | 1 |
| Working Capital Days | 27 | 24 | 28 | 12 | 28 | 3 |
| ROCE % | 12% | 15% | 25% | 24% | 23% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Karamtara Engineering Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Announcement Under Regulation 30 Of (LODR) - Earning Call Transcript
- Karamtara Engineering Limited has informed about Earning call transcript
-
Appointment Of Director In An Unlisted Material Subsidiary Of The Company.
- Karamtara appointed Mr. Tilokchand Ostwal as director on Karamtara USA Inc. board until January 9, 2030.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q1FY27 earnings call held on October 7, 2026, shared for investors.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Karamtara Engineering Limited has informed about copy of Newspaper Publication of unaudited financial results of the Company for the quarter ended on June 30, 2026
Concalls
-
Oct 2026Transcript PPT REC
Business Overview:[1]
Karamtara Engineering is a backward-
integrated manufacturer of products
used primarily in the renewable energy
and power transmission sectors. Its core business is manufacturing steel structures
and components for solar projects, transmission lines, and, more recently, wind energy. The company positions itself as a one-stop supplier for solar structures, covering both fixed-tilt systems and tracker components.