Karamtara Engineering Ltd
Incorporated in 1996, Karamtara
Engineering Limited manufactures
products for renewable energy and
transmission lines.[1]
- Market Cap ₹ 12,220 Cr.
- Current Price ₹ 379
- High / Low ₹ 446 / 320
- Stock P/E 47.6
- 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 | |
| Sales growth | +19% | +29% | +52% | +30% | +37% | |
| 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
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Presentation for Earning calls on unaudited financial results for the quarter and half year ended September 30, 2026
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Board approved Q2 FY27 standalone and consolidated results; appointed two independent directors from November 5, 2026.
- Karamtara Engineering Limited Has Submitted To The Exchange, The Financial Results For The Quarter And Half Year Ended September 30, 2026.
-
Board Meeting Outcome for Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026
- Board approved Q2/H1 FY2027 results and appointed Ajoy Mehta, Sanjeeb Chaudhuri as independent directors.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Karamtara Engineering Limited has informed about schedule of Earnings call.
Concalls
-
Nov 2026Transcript PPT REC
-
Oct 2026PPT
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.