Karma Energy Ltd
Incorporated in 2007, Karma Energy Ltd deals in generation of power from renewable sources like Wind, Hydro, etc.[1]
- 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report submitted for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Newspaper Publication of Audited Financial Results for the quarter and year ended 31st March, 2025.
- Audited Financial Results For The Quarter And Year Ended 31St March, 2025 27 May
-
Announcement under Regulation 30 (LODR)-Change in Management
27 May - Audited FY25 results approved; profit Rs.156 lac; new Secretarial Auditor appointed for 5 years.
-
Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON 27Th May, 2025
27 May - Karma Energy reports FY25 audited profit Rs156 lac; appoints Secretarial Auditor for 5 years.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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