Karma Energy Ltd

Karma Energy Ltd

₹ 69.6 20.00%
11 Jun - close price
About

Incorporated in 2007, Karma Energy Ltd deals in generation of power from renewable sources like Wind, Hydro, etc.[1]

Key Points

Business Overview:[1][2]
Company is in the business of power generation through renewable energy. It deals in wind power, hydropower, and solar power. The generated energy is transmitted via government-owned grids and state utilities. Company also generates revenue by selling wind power directly to state governments and by selling renewable energy certificates. The performance of company is directly linked to the Renewable Energy Policies of both Centre and State Governments, effectiveness of Nodal Agencies and formulation of supportive policies and implementation by State Electricity Regulatory Commissions

  • Market Cap 80.5 Cr.
  • Current Price 69.6
  • High / Low 102 / 44.9
  • Stock P/E 56.7
  • Book Value 34.6
  • Dividend Yield 0.00 %
  • ROCE 3.59 %
  • ROE 3.62 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -24.7% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.37% over last 3 years.
  • Earnings include an other income of Rs.3.00 Cr.
  • Company has high debtors of 292 days.
  • Working capital days have increased from 374 days to 656 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1.93 3.93 5.87 1.87 1.15 3.51 6.31 1.51 1.03 2.40 4.42 0.94 0.94
2.69 2.24 2.71 2.11 2.55 2.44 2.12 2.24 3.50 2.20 2.26 2.32 1.31
Operating Profit -0.76 1.69 3.16 -0.24 -1.40 1.07 4.19 -0.73 -2.47 0.20 2.16 -1.38 -0.37
OPM % -39.38% 43.00% 53.83% -12.83% -121.74% 30.48% 66.40% -48.34% -239.81% 8.33% 48.87% -146.81% -39.36%
0.52 0.30 0.20 0.16 9.31 0.06 0.00 0.21 0.69 1.35 0.44 0.28 0.93
Interest 0.57 0.41 0.38 0.31 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.05 0.04
Depreciation 1.27 1.21 1.22 1.22 1.19 0.74 0.75 0.75 0.70 0.47 0.47 0.47 0.48
Profit before tax -2.08 0.37 1.76 -1.61 6.68 0.36 3.41 -1.30 -2.51 1.05 2.10 -1.62 0.04
Tax % 23.08% -129.73% -23.30% -12.42% 36.08% 19.44% 24.93% -23.08% -30.68% 11.43% 17.62% -13.58% -675.00%
-2.56 0.86 2.17 -1.41 4.26 0.29 2.57 -0.99 -1.74 0.93 1.72 -1.40 0.30
EPS in Rs -2.21 0.74 1.88 -1.22 3.68 0.25 2.22 -0.86 -1.50 0.80 1.49 -1.21 0.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
28.56 15.32 13.97 27.47 33.50 29.11 35.88 23.07 27.53 12.81 12.35 8.70
12.90 10.24 9.00 16.80 25.61 25.23 25.90 24.89 22.24 9.62 9.14 8.09
Operating Profit 15.66 5.08 4.97 10.67 7.89 3.88 9.98 -1.82 5.29 3.19 3.21 0.61
OPM % 54.83% 33.16% 35.58% 38.84% 23.55% 13.33% 27.81% -7.89% 19.22% 24.90% 25.99% 7.01%
2.68 2.72 5.58 1.15 0.31 -0.53 0.99 0.49 0.95 9.98 -0.18 3.00
Interest 8.11 7.13 6.99 7.77 4.50 4.22 5.35 5.25 3.41 1.14 0.12 0.15
Depreciation 7.74 4.90 5.00 4.98 4.98 4.96 5.42 5.11 5.09 4.83 2.94 1.89
Profit before tax 2.49 -4.23 -1.44 -0.93 -1.28 -5.83 0.20 -11.69 -2.26 7.20 -0.03 1.57
Tax % 38.15% -26.00% 6.94% -300.00% -12.50% -27.27% 15.00% -8.55% -5.75% 18.19% -500.00% 0.00%
1.53 -3.13 -1.54 1.85 -1.12 -4.25 0.17 -10.69 -2.13 5.89 0.12 1.56
EPS in Rs 1.32 -2.71 -1.33 1.60 -0.97 -3.67 0.15 -9.24 -1.84 5.09 0.10 1.35
Dividend Payout % 37.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -25%
3 Years: -32%
TTM: -30%
Compounded Profit Growth
10 Years: 9%
5 Years: 53%
3 Years: 39%
TTM: -21%
Stock Price CAGR
10 Years: 14%
5 Years: 45%
3 Years: 41%
1 Year: 8%
Return on Equity
10 Years: -3%
5 Years: -4%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11.57 11.57 11.57 11.57 11.57 11.57 11.57 11.57 11.57 11.57 11.57 11.57
Reserves 34.60 31.53 29.98 43.48 62.12 36.17 34.25 20.99 18.64 26.90 26.87 28.41
54.92 50.44 73.41 59.29 44.31 56.66 71.14 64.78 18.80 6.28 1.08 1.95
25.52 23.08 21.70 19.26 24.26 15.36 14.32 15.22 14.40 10.72 10.53 10.07
Total Liabilities 126.61 116.62 136.66 133.60 142.26 119.76 131.28 112.56 63.41 55.47 50.05 52.00
59.75 58.10 53.10 47.89 42.92 45.10 42.31 37.46 32.37 27.38 23.29 22.06
CWIP 0.29 0.32 0.34 0.37 0.32 0.33 0.00 0.00 0.00 0.00 0.00 0.00
Investments 34.36 34.36 44.21 53.13 78.61 49.88 58.99 52.42 1.88 13.52 12.54 5.76
32.21 23.84 39.01 32.21 20.41 24.45 29.98 22.68 29.16 14.57 14.22 24.18
Total Assets 126.61 116.62 136.66 133.60 142.26 119.76 131.28 112.56 63.41 55.47 50.05 52.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
19.08 10.63 -12.21 19.08 14.13 5.72 4.67 11.08 -1.59 4.96 4.43 1.66
-1.59 -3.22 -9.87 -4.26 3.98 -10.63 -19.40 0.12 50.69 8.55 0.69 -1.89
-15.78 -7.51 22.06 -15.06 -14.02 8.12 7.56 -11.03 -49.39 -13.49 -5.32 0.72
Net Cash Flow 1.71 -0.10 -0.02 -0.24 4.09 3.21 -7.16 0.17 -0.30 0.02 -0.20 0.49

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 43.07 371.19 798.45 332.84 83.02 124.26 161.34 107.43 131.39 300.89 271.02 292.00
Inventory Days
Days Payable
Cash Conversion Cycle 43.07 371.19 798.45 332.84 83.02 124.26 161.34 107.43 131.39 300.89 271.02 292.00
Working Capital Days 97.90 4.05 385.90 123.97 45.65 33.73 57.68 107.27 171.96 253.02 212.50 655.74
ROCE % 9.85% 1.55% 0.34% 5.97% 2.77% 0.78% 5.01% -6.01% 1.57% 6.98% 2.44% 3.59%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70% 74.70%
25.30% 25.30% 25.30% 25.29% 25.30% 25.30% 25.28% 25.29% 25.30% 25.30% 25.30% 25.29%
No. of Shareholders 7,8387,9937,9937,7697,6307,7168,3148,7499,46510,94011,16211,339

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