Ravindra Energy Ltd

₹ 139 -4.14%

13 Nov - close price

ravindraenergy.com BSE: 504341 NSE: RELTD

About

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]

Key Points

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.

Website BSE NSE

Market Cap ₹ 2,762 Cr.
Current Price ₹ 139
High / Low ₹ 196 / 111
Stock P/E 57.6
Book Value ₹ 31.9
Dividend Yield 0.00 %
ROCE 14.4 %
ROE 19.1 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 67.6% CAGR over last 5 years
Debtor days have improved from 74.6 to 25.8 days.

Cons

Stock is trading at 4.36 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Promoters have pledged 25.7% of their holding.
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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	27	16	30	23	16	53	159	163	120	127	133	120	190
YoY Sales growth	-22%	-70%	-74%	-61%	-41%	+222%	+428%	+616%	+672%	+139%	-16%	-26%	+58%
	20	9	22	15	15	46	132	135	83	95	99	82	141
Operating Profit	6	7	9	7	1	7	27	28	37	32	34	38	49
OPM %	24%	45%	28%	32%	3.8%	13%	17%	17%	31%	25%	25%	32%	26%
	10	2	-63	8	4	3	-9	6	2	5	5	3	4
Interest	4	4	5	5	1	3	2	5	8	11	12	12	15
Depreciation	4	4	3	3	2	3	3	5	6	8	9	11	12
Profit before tax	9	2	-62	8	1	4	14	24	26	18	18	18	26
Tax %	-0%	73%	2%	27%	9%	40%	1%	3%	-19%	6%	3%	25%	-0%
	9	0	-63	6	1	2	13	23	31	15	13	2	19
EPS in Rs	0.55	0.03	-4.02	0.35	0.07	0.12	0.71	1.25	1.69	0.80	0.69	0.08	0.96
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	555	493	621	417	518	719	304	765	253	131	284	564	571
Sales growth	+0%	-11%	+26%	-33%	+24%	+39%	-58%	+152%	-67%	-48%	+117%	+98%	+15%
	540	497	616	447	719	693	289	771	239	97	242	434	417
Operating Profit	15	-4	4	-30	-200	26	15	-6	14	34	42	129	153
OPM %	2.8%	-0.8%	0.7%	-7%	-39%	3.6%	4.9%	-0.8%	6%	26%	15%	23%	27%
	14	12	20	-55	39	33	19	65	33	-49	6	12	16
Interest	18	14	23	27	33	43	31	18	14	17	10	35	50
Depreciation	3	1	1	4	7	7	9	9	11	13	12	29	40
Profit before tax	8	-8	1	-117	-202	9	-6	32	22	-46	27	78	80
Tax %	3%	16%	245%	20%	6%	39%	-216%	-16%	23%	11%	15%	-2%
	8	-9	-2	-140	-213	6	7	37	17	-51	22	71	48
EPS in Rs	0.62	-0.72	-0.15	-11.20	-17.45	0.47	0.44	2.38	1.11	-3.27	1.18	3.91	2.53
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	13%
3 Years:	31%
TTM:	15%

Compounded Profit Growth
10 Years:	29%
5 Years:	68%
3 Years:	66%
TTM:	-42%

Stock Price CAGR
10 Years:	12%
5 Years:	25%
3 Years:	33%
1 Year:	-19%

Return on Equity
10 Years:	%
5 Years:	14%
3 Years:	15%
Last Year:	19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	126	119	74	-33	-141	-133	43	69	55	-7	158	233	434
	234	259	255	320	358	373	177	164	117	148	224	558	698
	250	316	253	236	228	141	60	85	145	108	87	149	272
Total Liabilities	724	812	700	641	564	501	400	453	455	404	648	1,119	1,603
	191	196	93	239	176	178	174	190	187	257	315	858	1,111
CWIP	8	0	57	4	1	1	1	3	31	24	129	22	5
Investments	121	121	121	59	25	0	0	0	0	0	48	41	175
	404	495	429	339	362	323	225	260	237	123	156	198	313
Total Assets	724	812	700	641	564	501	400	453	455	404	648	1,119	1,603

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	91	-47	60	55	16	-29	53	19	122	61	71	166
	-1	9	32	-116	-70	57	1	-23	-30	-81	-159	-437
	-88	16	-75	55	66	-27	-58	-13	-85	22	147	278
Net Cash Flow	1	-22	17	-7	12	2	-4	-17	7	2	59	7
Free Cash Flow	83	-48	106	-43	74	-39	47	-12	84	-15	-106	-281
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	600%	1,171%	1,397%	-190%	-9%	-103%	345%	-334%	864%	177%	176%	134%

Ratios

Consolidated / View Standalone

	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	28	220	122	189	192	108	156	66	186	176	22	26
Inventory Days	7	1	2	13	4	5	4	1	8	18	10	20
Days Payable	16	135	17	12	41	55	30	18	139	253	66	16
Cash Conversion Cycle	18	86	107	190	154	58	130	48	55	-59	-33	30
Working Capital Days	-8	-74	-64	-118	-97	-55	100	52	105	-16	4	22
ROCE %	5%	2%	3%	-6%	-45%	23%	7%	15%	10%	11%	10%	14%

Insights

In beta

Mar 2016

Mar 2017

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Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

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Mar 2026

Renewable Energy Operational Capacity
MWp

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Solar Power Generation
million kWh

E-Tractor Units Delivered (Cumulative)
units ・Standalone data

E-Tractor Units Sold (Quarterly)
units ・Standalone data

EIM Battery Swaps (Cumulative)
number ・Standalone data

EIM Charging Network Energy Sold
MWh ・Standalone data

Operational Battery Swap Stations (Cumulative)
number ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	74.99%	74.99%	74.99%	74.99%	64.77%	64.77%	64.77%	64.77%	64.77%	63.66%	58.26%	58.25%
	0.07%	0.08%	0.08%	0.04%	3.19%	3.21%	2.97%	2.59%	2.08%	1.98%	3.27%	3.18%
	0.00%	0.00%	0.00%	0.09%	1.36%	1.36%	1.91%	1.91%	1.91%	2.81%	2.99%	3.00%
	24.93%	24.92%	24.94%	24.88%	30.67%	30.65%	30.35%	30.73%	31.23%	31.55%	35.49%	35.59%
No. of Shareholders	71,196	75,856	76,907	82,465	82,908	82,909	83,521	82,575	81,909	80,815	82,798	81,887

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	73.18%	73.18%	74.50%	74.50%	74.55%	74.99%	74.99%	74.99%	64.77%	63.66%	58.25%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	3.21%	1.98%	3.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%	2.81%	3.00%
	26.82%	26.82%	25.50%	25.50%	25.45%	25.01%	25.00%	24.92%	30.65%	31.55%	35.59%
No. of Shareholders	69,839	69,630	69,404	69,262	69,291	70,081	70,324	75,856	82,909	80,815	81,887

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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