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Karma Energy

KARMAENG NSE
₹33.64 No trade today
P/E
43.69
View as Markdown
MCP
Close 4 Nov 2026 ₹33.64 −20.88 −38.3% 1Y
Start ₹54.52

Key Fundamentals

MicrocapPowerUtilities

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
−4.76%
Debt to Equity
0.04
EPS (TTM)
₹0.77
Book Value
₹35.29
Market Cap
—
P/E (TTM)
43.69
P/B
0.95
ROE
−0.42%
Dividend Yield
0.00%
EBITDA
₹9.20 Cr
52W High
₹58.00
52W Low
₹31.26
Volume
0

Peer Comparison

Utilities › Power › Power Generation

Karma Energy peer comparison
₹321.9510.50₹3,09,905 Cr1.460.93%15.10%8.92%₹2,00,543 Cr₹30,459 Cr
₹1,388.00121.97₹2,25,153 Cr10.590.00%11.40%7.39%₹14,809 Cr₹2,249 Cr
₹511.0045.99₹92,288 Cr2.550.40%7.51%8.16%₹18,965 Cr₹2,460 Cr
₹78.4920.76₹80,260 Cr1.902.03%9.32%5.75%₹12,210 Cr₹4,267 Cr
₹83.51117.62₹69,433 Cr3.630.00%2.79%3.56%₹3,285 Cr₹605 Cr
₹247.6810.70₹32,822 Cr1.601.67%11.90%8.42%₹18,381 Cr₹3,366 Cr
₹421.0044.74₹29,572 Cr3.560.05%10.40%8.91%₹2,370 Cr₹602 Cr
Karma Energy (this company)
₹33.6443.69₹39 Cr0.950.00%−0.42%−4.76%₹10 Cr₹1 Cr
Median 8 companies₹284.8244.22₹74,846 Cr2.220.23%9.86%7.78%₹13,510 Cr₹2,355 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.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

48 Average

Data confidence 100/100

Category scores

Quality
51
Average
Returns, margins, earnings quality 22% weight
Valuation
54
Average
Cheap vs sector & own history 24% weight
Growth
37
Weak
Sales & profit trajectory 9% weight
Financial Health
56
Good
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.96 times its book value
  • Debtor days have improved from 203 to 46.0 days.

Weaknesses

4
  • 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 1.92% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsNeutral171
Moving AveragesStrong Bearish802

Key readings

RSI (14)
43.86
Neutral
MACD (12,26,9)
−1.00
Bullish
SMA (50)
36.53
Bearish
SMA (200)
40.95
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−3.52%
5Y−15.81%
3Y−8.67%
1Y+12.18%
TTM+5.77%

Net profit

Net profit growth by window
10YTurned to profit
5YTurned to profit
3Y−43.72%
1Y−25.00%
TTM−17.59%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y−29.50%
3Y−26.99%
1Y+16.27%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−64.88 pp
5Y−21.41 pp
3Y−54.20 pp
1Y−34.47 pp
TTM−23.12 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹27.47 Cr
Mar 2018₹33.50 Cr
Mar 2019₹29.11 Cr
Mar 2020₹35.88 Cr
Mar 2021₹23.07 Cr
Mar 2022₹27.53 Cr
Mar 2023₹12.81 Cr
Mar 2024₹12.35 Cr
Mar 2025₹8.70 Cr
Mar 2026₹9.76 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.85 Cr
Mar 2018−₹1.12 Cr
Mar 2019−₹4.25 Cr
Mar 2020₹0.17 Cr
Mar 2021−₹10.69 Cr
Mar 2022−₹2.13 Cr
Mar 2023₹5.89 Cr
Mar 2024₹0.12 Cr
Mar 2025₹1.40 Cr
Mar 2026₹1.05 Cr

Quarterly Results

₹ Cr
KARMAENG quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3.51
6.31
1.51
1.03
2.4
4.42
0.94
0.94
3.06
4.62
1.2
0.88
3.2
Expenses
2.44
2.12
2.24
3.5
2.2
2.26
2.32
1.47
3.15
3.03
3.12
3.32
2.55
Operating Profit
1.07
4.19
−0.73
−2.47
0.2
2.16
−1.38
−0.53
−0.09
1.59
−1.92
−2.44
0.65
OPM %
30.48%
66.4%
−48.34%
−239.81%
8.33%
48.87%
−146.81%
−56.38%
−2.94%
34.42%
−160%
−277.27%
20.31%
Other Income
0.06
0
0.21
0.69
1.35
0.44
0.28
0.93
1.53
0.37
0.33
1.88
0.39
Interest
0.03
0.03
0.03
0.03
0.03
0.03
0.05
0.04
0.04
0.04
0.04
0.04
0.03
Depreciation
0.74
0.75
0.75
0.7
0.47
0.47
0.47
0.48
0.5
0.5
0.51
0.51
0.51
PBT
0.36
3.42
−1.3
−2.51
1.06
2.1
−1.62
−0.12
0.9
1.42
−2.14
−1.11
0.5
Tax %
19.44%
24.93%
−23.08%
−30.68%
11.43%
17.62%
−13.58%
−225%
32.22%
26.06%
−110.75%
−26.13%
12%
Net Profit
0.29
2.57
−0.99
−1.74
0.93
1.72
−1.4
0.15
0.61
1.05
0.22
−0.82
0.44
EPS (₹)
0.25
2.22
−0.86
−1.5
0.8
1.49
−1.21
0.13
0.53
0.91
0.19
−0.71
0.38

Profit & Loss

₹ Cr
KARMAENG profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
15.32
13.97
27.47
33.5
29.11
35.88
23.07
27.53
12.81
12.35
8.7
9.76
9.9
Expenses
10.24
9
16.8
25.61
25.23
25.9
24.89
22.24
9.62
9.14
8.25
12.62
12.02
Operating Profit
5.08
4.97
10.67
7.89
3.88
9.98
−1.82
5.29
3.19
3.21
0.45
−2.86
−2.12
OPM %
33.16%
35.58%
38.84%
23.55%
13.33%
27.81%
−7.89%
19.22%
24.9%
25.99%
5.17%
−29.3%
−21.41%
Other Income
2.72
5.58
1.15
0.31
−0.53
0.99
0.49
0.95
9.98
−0.18
3
4.1
2.97
Interest
7.13
6.99
7.77
4.5
4.22
5.35
5.25
3.41
1.14
0.12
0.15
0.16
0.15
Depreciation
4.9
5
4.98
4.98
4.96
5.42
5.11
5.09
4.83
2.94
1.89
2.02
2.03
PBT
−4.23
−1.44
−0.93
−1.28
−5.83
0.2
−11.69
−2.26
7.2
−0.03
1.41
−0.94
−1.33
Tax %
−26%
6.94%
−300%
−12.5%
−27.27%
15%
−8.55%
−5.75%
18.19%
−500%
0%
−210.64%
—
Net Profit
−3.13
−1.54
1.85
−1.12
−4.25
0.17
−10.69
−2.13
5.89
0.12
1.4
1.05
0.89
EPS (₹)
−2.71
−1.33
1.6
−0.97
−3.67
0.15
−9.24
−1.84
5.09
0.1
1.21
0.91
0.77
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
KARMAENG balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
26.9
26.87
28.25
29.26
Borrowings
50.44
73.41
59.29
44.31
56.66
71.14
64.78
18.8
6.28
1.08
1.95
1.52
Other Liabilities
23.08
21.7
19.26
24.26
15.36
14.32
15.22
14.4
10.72
10.52
10.23
4.71
Total Liabilities
117
137
134
142
120
131
113
63.41
55.47
50.04
52
47.06
Fixed Assets
58.1
53.1
47.89
42.92
45.1
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
0
0
0
0
0
0
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
Other Assets
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
117
137
134
142
120
131
113
63.41
55.47
50.04
52
47.06

Cash Flow

₹ Cr
KARMAENG cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
10.63
−12.21
19.08
14.13
5.72
4.67
11.08
−1.59
4.96
4.43
1.66
1.93
Investing
−3.22
−9.87
−4.26
3.98
−10.63
−19.4
0.12
50.69
8.55
0.69
−1.89
−1.82
Financing
−7.51
22.06
−15.06
−14.02
8.12
7.56
−11.03
−49.39
−13.49
−5.32
0.72
−0.58
Net Cash Flow
−0.1
−0.02
−0.24
4.09
3.21
−7.16
0.17
−0.3
0.02
−0.2
0.49
−0.47
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
1.13
CFO/OP
275
−245
191
194
185
48
−671
−29
199
163
462
−88

Ratios

KARMAENG financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
371
798
333
83.02
124
161
107
131
301
271
292
46
Cash Conversion Cycle
371
798
333
83.02
124
161
107
131
301
271
292
46
Working Capital Days
−121
−668
−392
45.65
−169
−306
−623
92.01
104
208
632
498
ROCE %
1.55%
0.34%
5.97%
2.77%
0.78%
5.01%
−6.01%
1.57%
6.98%
2.44%
0.98%
−4.76%

Insights

Beta

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

Log in to view Karma Energy insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.70%
  • Public 16.14%
  • Others 9.16%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Documents

Frequently Asked Questions about Karma Energy

What does Karma Energy Ltd do?
Incorporated in 2007, Karma Energy Ltd is engaged in the generation of power from renewable sources like Wind.
Where is Karma Energy Ltd (KARMAENG) listed?
Karma Energy Ltd trades as KARMAENG on the NSE and under code 533451 on the BSE.
Which sector does Karma Energy Ltd belong to?
Karma Energy Ltd is classified under the Power sector, in the Power Generation industry.
What is the PE ratio of Karma Energy Ltd?
Karma Energy Ltd trades at a PE ratio of 43.69 as of 4 Nov 2026, on earnings per share of ₹0.77, against a book value of ₹35.29 per share.
What is the 52-week high and low of Karma Energy Ltd?
Over the last 52 weeks Karma Energy Ltd has traded between ₹31.26 and ₹58 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Karma Energy Ltd?
Karma Energy Ltd reported a return on equity of -0.42%. Its debt-to-equity ratio is 0.04.

Company Information

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

CEO Mr. Chetan Durgadas Mehra B.Sc
Listed 28 Jun 2011
Face Value ₹10

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