Ravindra Energy Ltd
Incorporated in 1980, Ravindra Energy Ltd is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power[1]
- Market Cap ₹ 2,762 Cr.
- Current Price ₹ 139
- High / Low ₹ 196 / 111
- Stock P/E 35.4
- Book Value ₹ 34.6
- Dividend Yield 0.00 %
- ROCE 24.0 %
- ROE 24.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 63.4% CAGR over last 5 years
- Company's working capital requirements have reduced from 139 days to 93.9 days
Cons
- Stock is trading at 4.02 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Contingent liabilities of Rs.1,003 Cr.
- Promoters have pledged 25.7% of their holding.
- Earnings include an other income of Rs.32.1 Cr.
- Promoter holding has decreased over last 3 years: -16.7%
* 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 Other Electrical Equipment
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 77 | 122 | 54 | 47 | 163 | 353 | 114 | 73 | 28 | 61 | 188 | 444 | 417 | |
| Sales growth | -23% | +58% | -56% | -13% | +248% | +116% | -68% | -36% | -61% | +115% | +210% | +136% | -2% |
| 81 | 123 | 49 | 44 | 160 | 330 | 117 | 262 | 57 | 51 | 164 | 368 | 364 | |
| Operating Profit | -4 | -1 | 5 | 3 | 3 | 23 | -3 | -189 | -29 | 10 | 24 | 77 | 53 |
| OPM % | -4.9% | -0.9% | 9% | 7% | 1.8% | 7% | -2.4% | -259% | -102% | 16% | 13% | 17% | 13% |
| 4 | 5 | 6 | 5 | 21 | -2 | 8 | 12 | 36 | 4 | 4 | 19 | 32 | |
| Interest | 0 | 0 | 1 | 2 | 13 | 20 | 15 | 4 | 1 | 2 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| Profit before tax | 1 | 4 | 9 | 6 | 10 | 1 | -10 | -181 | 4 | 11 | 25 | 91 | 78 |
| Tax % | 33% | 33% | 33% | 30% | 30% | 25% | 1% | 0% | -4% | -1% | -0% | -0% | |
| 0 | 2 | 6 | 4 | 7 | 1 | -10 | -181 | 4 | 11 | 25 | 91 | 78 | |
| EPS in Rs | 0.03 | 0.19 | 0.51 | 0.31 | 0.56 | 0.05 | -0.82 | -13.21 | 0.30 | 0.69 | 1.35 | 5.01 | 4.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 31% |
| 3 Years: | 151% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 63% |
| 3 Years: | 183% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 25% |
| 3 Years: | 33% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -3% |
| 3 Years: | 17% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 118 | 118 | 118 | 120 | 120 | 120 | 134 | 138 | 154 | 179 | 179 | 199 |
| Reserves | 90 | 92 | 98 | 90 | 105 | 106 | 268 | 80 | 53 | -7 | 172 | 265 | 489 |
| 0 | 5 | 7 | 9 | 180 | 206 | 15 | 12 | 5 | 19 | 6 | 9 | 68 | |
| 134 | 156 | 219 | 231 | 141 | 72 | 36 | 7 | 32 | 7 | 31 | 77 | 110 | |
| Total Liabilities | 339 | 371 | 442 | 448 | 546 | 504 | 439 | 233 | 227 | 174 | 388 | 530 | 866 |
| 4 | 12 | 16 | 16 | 16 | 17 | 17 | 7 | 12 | 11 | 14 | 17 | 20 | |
| CWIP | 8 | 0 | 0 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 4 | 0 |
| Investments | 151 | 150 | 182 | 207 | 224 | 224 | 230 | 88 | 109 | 102 | 188 | 277 | 459 |
| 176 | 209 | 244 | 223 | 306 | 262 | 191 | 138 | 106 | 62 | 186 | 233 | 387 | |
| Total Assets | 339 | 371 | 442 | 448 | 546 | 504 | 439 | 233 | 227 | 174 | 388 | 530 | 866 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 1 | 40 | 38 | -165 | -11 | 29 | -28 | 45 | -26 | -24 | 148 | |
| -1 | 0 | -30 | -39 | -5 | 10 | -2 | 23 | 5 | 4 | -117 | -143 | |
| 1 | 3 | -1 | -2 | 168 | 6 | -34 | 1 | -39 | 21 | 162 | -1 | |
| Net Cash Flow | -0 | 4 | 10 | -3 | -2 | 5 | -8 | -3 | 11 | -0 | 22 | 3 |
| Free Cash Flow | -1 | 0 | 36 | 36 | -165 | -13 | 28 | -21 | 38 | -26 | -29 | 141 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -7% | -224% | 920% | 1,202% | -5,420% | -40% | -1,002% | 14% | -158% | -280% | -83% | 202% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 7 | 142 | 38 | 127 | 70 | 175 | 146 | 137 | 59 | 87 | 13 |
| Inventory Days | 4 | 2 | 30 | 168 | 12 | 12 | 12 | 7 | 18 | 33 | 12 | 19 |
| Days Payable | 14 | 257 | 51 | 100 | 19 | 72 | 61 | 24 | 155 | 35 | 23 | 10 |
| Cash Conversion Cycle | -8 | -247 | 120 | 105 | 120 | 9 | 126 | 129 | -0 | 56 | 76 | 22 |
| Working Capital Days | 178 | 114 | 14 | -217 | -56 | -33 | 440 | 576 | 716 | 110 | 213 | 94 |
| ROCE % | 0% | 2% | 5% | 4% | 7% | 12% | 1% | -55% | 2% | 7% | 12% | 24% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Renewable Energy Operational Capacity MWp |
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| Solar Power Generation million kWh |
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| E-Tractor Units Delivered (Cumulative) units |
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| E-Tractor Units Sold (Quarterly) units |
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| EIM Battery Swaps (Cumulative) number |
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| EIM Charging Network Energy Sold MWh |
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| Operational Battery Swap Stations (Cumulative) number |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
- Promoter group member Anuradha Kulkarni bought 5,523 shares for Rs 8,01,382 on November 11, 2026.
- Transcript Of Ravindra Energy Limited Q2 And H1 FY2026-27 Earnings Call With Investors Held On November 5, 2026
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Please find enclosed, newspaper publication on financial results for the quarter and half year ended 30/09/2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Accreditation:[1]
The company is accredited by the Ministry of New and Renewable Energy as an Empanelled Supplier of Solar Water Pumps and a Roof Channel Partner. These accreditations enable the company to offer the full range of subsidies available for solar systems, with all products designed to comply with the ministry's standards.