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Karamtara Engineering

KARAMTARA NSE
₹383.00 +13.35 (+3.61%)
P/E
59.84
View as Markdown
MCP
Close 4 Nov 2026 ₹383.00 +31.00 +8.81% since 17 Sep 2026
Start ₹352.00

Key Fundamentals

Microcap

Price-based figures as of · TTM

ROCE
23.40%
Debt to Equity
0.91
EPS (TTM)
₹6.40
Book Value
₹58.96
Market Cap
—
P/E (TTM)
59.84
P/B
6.50
ROE
20.80%
Dividend Yield
0.00%
EBITDA
₹503 Cr
52W High
₹444.00
52W Low
₹320.00
Day Range
₹365.35 – ₹384.95
Volume
4,88,425

Peer Comparison

Industrials › Electrical Equipment › Heavy Electrical Equipment

Karamtara Engineering peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Karamtara Engineering (this company)
₹383.0059.84₹11,967 Cr6.500.00%20.80%23.40%₹3,762 Cr₹186 Cr
Median 8 companies₹3,236.0070.90₹1,23,040 Cr15.250.21%21.35%28.05%₹11,457 Cr₹1,427 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 85.4% CAGR over last 5 years

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish2134
OscillatorsBearish270
Moving AveragesBullish064

Key readings

RSI (14)
57.14
Neutral
MACD (12,26,9)
—
Neutral
SMA (50)
—
Neutral
SMA (200)
—
Neutral

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+32.75%
3Y+39.16%
1Y+36.54%

Net profit

Net profit growth by window
5Y+87.05%
3Y+76.01%
1Y+64.75%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3Y+40.96%
1Y+555.34%

Operating margin· change in pp

Operating margin growth by window
5Y+0.51 pp
3Y+1.91 pp
1Y+0.61 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹1,046 Cr
Mar 2022₹1,245 Cr
Mar 2023₹1,600 Cr
Mar 2024₹2,425 Cr
Mar 2025₹3,158 Cr
Mar 2026₹4,312 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹10.00 Cr
Mar 2022₹13.00 Cr
Mar 2023₹42.00 Cr
Mar 2024₹103 Cr
Mar 2025₹139 Cr
Mar 2026₹229 Cr

AI Analysis — Bull vs Bear

Figures as of 7 Oct 2026
AI opinion · based on fundamentals
Risk high

As of the 2026-10-07 close, Karamtara Engineering Ltd traded at ₹416.65, giving a market capitalisation of ₹13,408.75 crore. That price is 6.2% below its 52-week high of ₹444 and 30.2% above its 52-week low of ₹320. Growth has been strong: sales have compounded at 37% TTM and 39% over 3 years, and profit at 75% TTM and 85% over 5 years. Against that, the stock trades at a TTM P/E of 65.1 and a P/B of 7.07, carries a debt-to-equity ratio of 0.91, and pays no dividend.

Bull Case 7
  • Profit has compounded at 85% CAGR over 5 years and 75% over both 3 years and TTM. That is much faster than sales growth of 33% over 5 years, which points to operating leverage and wider margins as the business has scaled.
  • Revenue growth has stayed high across every period in the data: 37% TTM, 39% over 3 years and 33% over 5 years. This suggests strong order execution in the transmission and renewable-structures segments, not a one-off spike.
  • ROCE of 21.77% and ROE of 18.75% show the company earns healthy returns on the capital it uses, even though its balance sheet is capital-intensive.
  • The TTM P/E of 65.1 looks high, but dividing it by TTM profit growth of 75% gives a growth-adjusted P/E (PEG) of about 0.87. On that basis, the multiple looks less stretched if growth continues.
  • ROE has been 20% over 3 years and 21% last year, up from a 16% average over 5 years. Profitability has improved compared with the longer history.
  • At ₹416.65, the stock is within 6.2% of its 52-week high of ₹444 and 30.2% above its 52-week low of ₹320. Over the past year, the market has priced the stock steadily higher.
  • ROCE of 21.77% is above ROE of 18.75%, which suggests the borrowed capital (debt-to-equity 0.91) is currently earning more than it costs.
Bear Case 7
  • The TTM P/E of 65.1 implies an earnings yield of about 1.5%, and the P/B of 7.07 is about 7x book value per share (roughly ₹59). The current price assumes high growth continues, which leaves little room for any earnings disappointment.
  • Debt-to-equity of 0.91 is high for a company valued at ₹13,408.75 crore. Engineering and EPC-style businesses tie up a lot of working capital, so higher interest costs or slower collections could squeeze cash flows.
  • Profit growth of 75–85% is running at more than twice the 33–39% pace of sales growth. Margin gains like this tend to normalise, and growth could slow sharply once operating leverage is used up.
  • ROE has fallen to 18.75% (TTM) from 21% last year and a 20% 3-year average. Returns are easing even as the company grows.
  • The dividend yield is 0%, so shareholders depend entirely on share-price gains for returns, and there is no income cushion if the stock falls.
  • There is no 10-year sales, profit or ROE history and no stock-return (CAGR) data for any period. The company's track record as a listed company is short, and it has not been tested through a full cycle of capex and commodity prices.
  • TTM EPS is ₹6.4, which works out to roughly ₹206 crore of implied net profit against a ₹13,408.75 crore market cap. The valuation rests on a fairly small earnings base that is exposed to steel and zinc prices and to delays in transmission projects.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

28d ago

TL;DR: Karamtara posted strong Q1FY27 growth, with net profit up 45% YoY to ₹87.4 crore and revenue up 72%, mostly from solar products. The weak spots are a 205 bps fall in EBITDA margin to 11.0% and heavy reliance on US exports and solar, at 66% and 80% of sales. The reported revenue and profit figures don't fit together, so confirm them in the filing. Growth is clearly improving but profitability is slipping, and the October 7 earnings call should show whether margins can recover and how exposed the company is to US tariffs.

Headwinds 2
  • EBITDA margin contracts 205 bps Oct 6

    Q1FY27 EBITDA margin fell to 11.0% from 13.05% YoY even though revenue grew 72%, which points to cost pressure or a less favourable product mix.

  • Heavy US and solar concentration Oct 6

    International sales were 66% of Q1FY27 revenue, with the US as the key market, and solar products made up 80% of sales. This leaves the company exposed to US trade policy, tariffs and solar demand cycles.

Positives 2
  • Net profit jumps 45% YoY Oct 6

    Q1FY27 net profit rose 45% YoY to ₹87.4 crore. Note that the reported ₹158 crore revenue would imply a net margin above 50%, which doesn't fit with an 11% EBITDA margin, so check these figures against the exchange filing.

  • Solar-led 72% revenue growth Oct 6

    Q1FY27 revenue grew 72% YoY to ₹158 crore as reported, mainly from solar products at 80% of sales.

Neutral 4
  • Q1FY27 earnings call scheduled Oct 1

    Comments there on margins and US demand will be the key thing to watch.

  • New CS and Compliance Officer Oct 3

    Manoj Kumar Srivastava, who is also VP-Legal, was appointed Company Secretary and Compliance Officer effective June 12, 2026.

  • MUFG Intime named RTA Oct 3

    MUFG Intime India Private Limited was appointed Registrar and Share Transfer Agent under SEBI Listing Regulations.

Quarterly Results

₹ Cr
KARAMTARA quarterly results, ₹ crore
Particulars Jun 2025Mar 2026Jun 2026
Sales
918
1,257
1,581
Expenses
798
1,151
1,407
Operating Profit
120
106
174
OPM %
13%
8%
11%
Other Income
1
2
4
Interest
30
41
41
Depreciation
10
15
20
PBT
81
51
117
Tax %
26%
25%
25%
Net Profit
60
38
87
EPS (₹)
2.06
1.31
2.99

Profit & Loss

₹ Cr
KARAMTARA profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,046
1,245
1,600
2,425
3,158
4,312
Expenses
930
1,115
1,446
2,161
2,812
3,812
Operating Profit
116
130
155
264
347
500
OPM %
11%
10%
10%
11%
11%
12%
Other Income
16
2
0
1
7
2
Interest
82
78
76
93
128
141
Depreciation
32
31
32
35
38
51
PBT
18
23
47
137
188
311
Tax %
42%
45%
9%
25%
26%
26%
Net Profit
10
13
42
103
139
229
EPS (₹)
18.98
22.86
76.57
186
4.77
7.83
Div. Payout %
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
KARAMTARA balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
292
292
Reserves
390
404
445
548
691
928
Borrowings
479
429
328
509
559
1,105
Other Liabilities
568
706
758
783
1,220
1,816
Total Liabilities
1,442
1,544
1,537
1,845
2,762
4,141
Fixed Assets
508
499
548
621
648
1,238
CWIP
10
40
16
17
196
485
Investments
1
1
1
1
4
9
Other Assets
923
1,004
972
1,206
1,914
2,408
Total Assets
1,442
1,544
1,537
1,845
2,762
4,141

Cash Flow

₹ Cr
KARAMTARA cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−31
182
241
40
103
675
Investing
−18
−56
−61
−124
−276
−959
Financing
57
−129
−180
88
195
328
Net Cash Flow
8
−4
0
4
21
44
Free Cash Flow
−58
126
181
−74
−221
−247
CFO/OP
−27
146
161
23
43
152

Ratios

KARAMTARA financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
91
87
72
86
108
111
Inventory Days
262
158
135
95
120
84
Days Payable
215
144
115
109
179
194
Cash Conversion Cycle
137
102
93
71
48
1
Working Capital Days
27
24
28
12
28
3
ROCE %
—
12%
15%
25%
24%
23%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Karamtara Engineering insights

32 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 82.01%
  • Public 6.73%
  • DIIs 5.37%
  • Others 4.46%
  • FIIs 1.44%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

A trend needs at least two reported periods.

Documents

Frequently Asked Questions about Karamtara Engineering

What does Karamtara Engineering Ltd do?
Incorporated in 1996, Karamtara Engineering Limited manufactures products for renewable energy and transmission lines.
Where is Karamtara Engineering Ltd (KARAMTARA) listed?
Karamtara Engineering Ltd trades as KARAMTARA on the NSE and under code 544917 on the BSE.
Which sector does Karamtara Engineering Ltd belong to?
Karamtara Engineering Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the PE ratio of Karamtara Engineering Ltd?
Karamtara Engineering Ltd trades at a PE ratio of 59.84 as of 4 Nov 2026, on earnings per share of ₹6.4, against a book value of ₹58.96 per share.
What is the 52-week high and low of Karamtara Engineering Ltd?
Over the last 52 weeks Karamtara Engineering Ltd has traded between ₹320 and ₹444 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Karamtara Engineering Ltd?
Karamtara Engineering Ltd reported a return on equity of 20.80%. Its debt-to-equity ratio is 0.91.

Company Information

Incorporated in 1996, Karamtara Engineering Limited manufactures products for renewable energy and transmission lines.

Website karamtara.com
Listed 17 Sep 2026
Face Value ₹10

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