Karma Energy Ltd

Karma Energy Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Karma Energy Ltd

₹ 45.9 1.73%
27 May - close price
karmaenergy.co BSE: 533451 NSE: KARMAENG
About

Incorporated in 2007, Karma Energy Ltd is engaged in the generation of power from renewable sources like Wind. [1]

Key Points

Business Overview:[1][2]
a) KEL is a part of the Weizmann group.
b) The company is engaged in the business of power generation through renewable energy.
c) It has an interest in wind power, hydropower, and solar power.
d) The generated energy is transmitted via government-owned grids and/ or state utilities.
e) KEL also generates revenue by selling wind power directly to state governments and by selling renewable energy certificates.
f) The company has developed and is currently operating 30.50 Mega Watts of the wind power projects in the states of Maharashtra and Tamil Nadu, post the discontinuation of the Andhra Pradesh
wind farm of 7.5 MW in late 2024 due to very low tariffs that are being offered by the unit in Andhra Pradesh.

Website BSE NSE
  • Market Cap ₹ 53.2 Cr.
  • Current Price ₹ 45.9
  • High / Low ₹ 88.0 / 34.4
  • Stock P/E 221
  • Book Value ₹ 35.3
  • Dividend Yield 0.00 %
  • ROCE -3.77 %
  • ROE 0.59 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 203 to 46.0 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -15.8% over past five years.
  • Company has a low return on equity of 2.36% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1.15 3.51 6.31 1.51 1.03 2.40 4.42 0.94 0.94 3.06 4.62 1.20 0.88
2.55 2.44 2.12 2.24 3.50 2.20 2.26 2.32 1.31 3.15 3.03 3.12 3.32
Operating Profit -1.40 1.07 4.19 -0.73 -2.47 0.20 2.16 -1.38 -0.37 -0.09 1.59 -1.92 -2.44
OPM % -121.74% 30.48% 66.40% -48.34% -239.81% 8.33% 48.87% -146.81% -39.36% -2.94% 34.42% -160.00% -277.27%
9.31 0.06 0.00 0.21 0.69 1.35 0.44 0.28 0.93 1.53 0.37 0.33 1.88
Interest 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.05 0.04 0.04 0.04 0.04 0.04
Depreciation 1.19 0.74 0.75 0.75 0.70 0.47 0.47 0.47 0.48 0.50 0.50 0.51 0.51
Profit before tax 6.68 0.36 3.41 -1.30 -2.51 1.05 2.10 -1.62 0.04 0.90 1.42 -2.14 -1.11
Tax % 36.08% 19.44% 24.93% -23.08% -30.68% 11.43% 17.62% -13.58% -675.00% 32.22% 26.06% -110.75% -26.13%
4.26 0.29 2.57 -0.99 -1.74 0.93 1.72 -1.40 0.30 0.61 1.05 0.22 -0.82
EPS in Rs 3.68 0.25 2.22 -0.86 -1.50 0.80 1.49 -1.21 0.26 0.53 0.91 0.19 -0.71
Raw PDF

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
15.32 13.97 27.47 33.50 29.11 35.88 23.07 27.53 12.81 12.35 8.70 9.76
10.24 9.00 16.80 25.61 25.23 25.90 24.89 22.24 9.62 9.14 8.09 12.63
Operating Profit 5.08 4.97 10.67 7.89 3.88 9.98 -1.82 5.29 3.19 3.21 0.61 -2.87
OPM % 33.16% 35.58% 38.84% 23.55% 13.33% 27.81% -7.89% 19.22% 24.90% 25.99% 7.01% -29.41%
2.72 5.58 1.15 0.31 -0.53 0.99 0.49 0.95 9.98 -0.18 3.00 4.11
Interest 7.13 6.99 7.77 4.50 4.22 5.35 5.25 3.41 1.14 0.12 0.15 0.16
Depreciation 4.90 5.00 4.98 4.98 4.96 5.42 5.11 5.09 4.83 2.94 1.89 2.02
Profit before tax -4.23 -1.44 -0.93 -1.28 -5.83 0.20 -11.69 -2.26 7.20 -0.03 1.57 -0.94
Tax % -26.00% 6.94% -300.00% -12.50% -27.27% 15.00% -8.55% -5.75% 18.19% -500.00% 0.00% -210.64%
-3.13 -1.54 1.85 -1.12 -4.25 0.17 -10.69 -2.13 5.89 0.12 1.56 1.05
EPS in Rs -2.71 -1.33 1.60 -0.97 -3.67 0.15 -9.24 -1.84 5.09 0.10 1.35 0.91
Dividend Payout % 0.00% 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: -4%
5 Years: -16%
3 Years: -9%
TTM: 12%
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: -56%
TTM: -68%
Stock Price CAGR
10 Years: 11%
5 Years: 26%
3 Years: 11%
1 Year: -23%
Return on Equity
10 Years: -2%
5 Years: 2%
3 Years: 2%
Last Year: 1%

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
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 31.53 29.98 43.48 62.12 36.17 34.25 20.99 18.64 26.90 26.87 28.41 29.26
50.44 73.41 59.29 44.31 56.66 71.14 64.78 18.80 6.28 1.08 1.95 1.52
23.08 21.70 19.26 24.26 15.36 14.32 15.22 14.40 10.72 10.52 10.07 4.71
Total Liabilities 116.62 136.66 133.60 142.26 119.76 131.28 112.56 63.41 55.47 50.04 52.00 47.06
58.10 53.10 47.89 42.92 45.10 42.31 37.46 32.37 27.38 23.29 22.06 21.21
CWIP 0.32 0.34 0.37 0.32 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 34.36 44.21 53.13 78.61 49.88 58.99 52.42 1.88 13.52 12.54 5.76 11.06
23.84 39.01 32.21 20.41 24.45 29.98 22.68 29.16 14.57 14.21 24.18 14.79
Total Assets 116.62 136.66 133.60 142.26 119.76 131.28 112.56 63.41 55.47 50.04 52.00 47.06

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
10.63 -12.21 19.08 14.13 5.72 4.67 11.08 -1.59 4.96 4.43 1.66
-3.22 -9.87 -4.26 3.98 -10.63 -19.40 0.12 50.69 8.55 0.69 -1.89
-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 -0.10 -0.02 -0.24 4.09 3.21 -7.16 0.17 -0.30 0.02 -0.20 0.49
Free Cash Flow 7.41 -12.23 19.04 14.19 -1.44 3.59 10.86 -1.59 5.39 3.52 0.84
CFO/OP 275% -245% 191% 194% 185% 48% -671% -29% 199% 163% 341%

Ratios

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
Debtor Days 371.19 798.45 332.84 83.02 124.26 161.34 107.43 131.39 300.89 271.02 292.00 46.00
Inventory Days
Days Payable
Cash Conversion Cycle 371.19 798.45 332.84 83.02 124.26 161.34 107.43 131.39 300.89 271.02 292.00 46.00
Working Capital Days -120.55 -667.56 -391.57 45.65 -169.02 -305.59 -623.36 92.01 104.29 207.77 638.96 497.76
ROCE % 1.55% 0.34% 5.97% 2.77% 0.78% 5.01% -6.01% 1.57% 6.98% 2.44% 1.38% -3.77%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Installed Capacity
MW

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Total Units Generated - Wind
Lakh Units
Total Units Generated - Hydro
Lakh Units
Wind Availability Change
%
Number of Wind Projects Units
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 25.28% 25.29% 25.30% 25.30% 25.30% 25.29% 25.29% 25.30% 25.31% 25.32%
No. of Shareholders 7,6307,7168,3148,7499,46510,94011,16211,33911,53911,74511,40311,232

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