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Ravindra Energy

RELTD NSE
₹141.78 +1.53 (+1.09%)
P/E
47.10
View as Markdown
MCP
Close 4 Nov 2026 ₹141.78 −20.01 −12.4% 1Y
Start ₹161.79

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

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

ROCE
14.40%
Debt to Equity
1.35
EPS (TTM)
₹3.01
Book Value
₹30.73
Market Cap
—
P/E (TTM)
47.10
P/B
4.61
ROE
19.10%
Dividend Yield
0.00%
EBITDA
₹141 Cr
52W High
₹196.45
52W Low
₹117.07
Day Range
₹137.71 – ₹142.19
Volume
43,162

Peer Comparison

Industrials › Commercial Services › Trading & Distributors › Other Electrical Equipment

Ravindra Energy peer comparison
Waaree Energies
₹2,408.0018.15₹67,713 Cr4.320.17%32.50%38.40%₹30,043 Cr₹4,003 Cr
Apar Industries
₹15,998.0054.39₹65,476 Cr7.860.39%20.30%31.80%₹24,389 Cr₹1,181 Cr
Premier Energies
₹904.0024.61₹40,624 Cr9.530.11%41.00%32.70%₹8,466 Cr₹1,674 Cr
Diamond Power Infrastructure
₹385.85111.84₹22,658 Cr—0.00%—10.40%₹2,348 Cr₹182 Cr
MTAR Technologies
₹6,036.50137.95₹19,040 Cr22.570.05%12.60%15.20%₹1,080 Cr₹134 Cr
Emmvee Photovoltaic Power
₹246.4112.03₹16,196 Cr3.890.43%50.70%44.60%₹6,023 Cr₹1,418 Cr
Avalon Technologies
₹2,041.00102.05₹13,437 Cr18.920.00%16.50%19.30%₹1,764 Cr₹134 Cr
Ravindra Energy (this company)
₹141.7847.10₹2,750 Cr4.610.00%19.10%14.40%₹501 Cr₹60 Cr
Median 8 companies₹1,472.5050.75₹20,849 Cr7.860.08%20.30%25.55%₹4,186 Cr₹682 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

39 Weak

Data confidence 100/100

pledge:26%

Category scores

Quality
60
Good
Returns, margins, earnings quality 22% weight
Valuation
21
Poor
Cheap vs sector & own history 24% weight
Growth
69
Strong
Sales & profit trajectory 9% weight
Financial Health
21
Poor
Solvency, leverage, coverage 9% weight
Momentum
36
Poor
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
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

3
  • 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.

Weaknesses

5
  • Stock is trading at 6.55 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%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish766
OscillatorsBullish162
Moving AveragesStrong Bearish604

Key readings

RSI (14)
51.37
Neutral
MACD (12,26,9)
−2.73
Bullish
SMA (50)
146.68
Bearish
SMA (200)
147.82
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+1.35%
5Y+13.16%
3Y+30.63%
1Y+98.59%
TTM+28.23%

Net profit

Net profit growth by window
10YTurned to profit
5Y+58.94%
3Y+61.04%
1Y+222.73%
TTM+52.97%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y+25.65%
3Y+10.81%
1Y+133.80%
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+23.68 pp
5Y+17.94 pp
3Y+17.34 pp
1Y+8.08 pp
TTM+12.09 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹621 Cr
Mar 2018₹417 Cr
Mar 2019₹518 Cr
Mar 2020₹719 Cr
Mar 2021₹304 Cr
Mar 2022₹765 Cr
Mar 2023₹253 Cr
Mar 2024₹131 Cr
Mar 2025₹284 Cr
Mar 2026₹564 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹2.00 Cr
Mar 2018−₹140 Cr
Mar 2019−₹213 Cr
Mar 2020₹6.00 Cr
Mar 2021₹7.00 Cr
Mar 2022₹37.00 Cr
Mar 2023₹17.00 Cr
Mar 2024−₹51.00 Cr
Mar 2025₹22.00 Cr
Mar 2026₹71.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Ravindra Energy Ltd is a ₹3,395 Cr market cap industrials company trading at a PE of 41.2x and 5.35x book value. The company has delivered explosive TTM sales growth of 117% and profit growth of 207%, with a 5-year profit CAGR of 72%, though it pays no dividend and key profitability ratios like ROCE remain undisclosed.

Bull Case 8
  • TTM sales growth of 117% indicates a sharp acceleration in revenue momentum compared to 3-year CAGR of 29%
  • TTM profit growth of 207% demonstrates significant operating leverage and margin expansion
  • 5-year compounded profit growth of 72% CAGR reflects sustained long-term earnings trajectory
  • ROE improved to 21% in the last year from a 3-year average of 16%, showing rising capital efficiency
  • Debtor days improved from 75.9 to 26.8 days, indicating stronger working capital management and faster collections
  • Stock CAGR of 52% over 3 years reflects strong market recognition of the business turnaround
  • 3-year compounded sales growth of 29% shows the revenue acceleration is not just a one-quarter phenomenon
  • Company is expected to deliver a good quarter based on forward indicators
Bear Case 8
  • PE of 41.2x is elevated for an industrials company, pricing in significant future growth already
  • Stock trades at 7.88x book value (PB 5.35x reported, 7.88x cited in pros/cons), well above typical industrials valuations
  • Zero dividend yield despite reporting repeated profits suggests shareholders receive no direct cash return
  • Promoter holding decreased by 1.11% in the last quarter, signaling potential insider confidence concerns
  • 10-year sales CAGR of just 1% suggests the recent growth spurt lacks a long historical track record
  • Key financial ratios including ROCE and debt-to-equity are undisclosed, limiting full financial health assessment
  • Tax rate appears low, which could normalize upward in future periods and compress net margins
  • 5-year stock CAGR of 19% vs 3-year CAGR of 52% shows most returns are recent, raising sustainability questions

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

AI News Digest

121d ago

TL;DR: Ravindra Energy is actively building its EV logistics vertical through its associate EIM, with tangible deployments for blue-chip clients like UltraTech Cement. The Rs 2,050 mn rights issue provides growth capital, but the promoter's simultaneous share pledge and renunciation of entitlements (reducing holding to 14.25%) raises governance and dilution concerns. The EV freight pivot is promising but still early-stage, and promoter actions bear close monitoring in coming quarters.

Headwinds 2
  • Promoter pledges 32% stake Jun 18

    Khandepar Investments pledged 76.10 lakh equity shares worth ₹111.01 crore, representing 32.29% of Ravindra Energy. Large promoter pledges signal potential financial stress or margin calls.

  • Promoter renounces rights entitlements Jun 20

    Khandepar Investments renounced 35.85 lakh rights entitlements, reducing its holding to 14.25%. Promoter not subscribing to the rights issue raises concerns about commitment and dilution.

Positives 2
  • Rs 150 cr investment in EIM Jun 30

    Ravindra Energy invested Rs 150 crore in associate Energy In Motion Limited via a rights issue, increasing its stake to 49.54%. Deepens exposure to the EV logistics business.

  • 45 electric trucks deployed Jun 16

    Associate EIM and PPL deployed 45 electric trucks for UltraTech Cement, reducing 8,900 tons of CO2 annually. Demonstrates commercial traction in the EV freight segment.

Neutral 1
  • Rights issue closed at Rs 2,050 mn Jun 24

    Ravindra Energy closed its rights issue on June 24, 2026, aiming to raise Rs 2,050 million. Final issue size was revised to ₹2,005.35 million for 19,854,940 shares after fractional adjustments.

Quarterly Results

₹ Cr
RELTD quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
57.78
26.58
16.49
30.12
22.71
15.58
53.14
159
163
120
127
133
120
Expenses
46.94
20.27
9.14
21.57
15.38
14.99
45.99
132
135
83.08
94.88
99.43
81.87
Operating Profit
10.84
6.31
7.35
8.55
7.33
0.59
7.15
27.37
27.87
37.25
32.29
33.63
38.1
OPM %
18.76%
23.74%
44.57%
28.39%
32.28%
3.79%
13.46%
17.21%
17.14%
30.96%
25.39%
25.27%
31.76%
Other Income
2.02
10.07
1.92
−63.04
8.4
3.96
2.59
−8.54
6.04
2.39
4.66
4.89
2.54
Interest
3.4
4.24
4.16
4.68
4.52
1.13
2.55
1.77
4.79
7.74
10.53
11.74
12.28
Depreciation
3.1
3.55
3.5
3.23
3.41
1.99
2.77
3.3
4.65
6.12
8.38
8.89
10.65
PBT
6.36
8.59
1.61
−62.4
7.8
1.42
4.42
13.76
24.47
25.78
18.04
17.89
17.71
Tax %
45.6%
−0.35%
73.29%
1.54%
26.92%
9.09%
40.05%
0.8%
3.39%
−19.28%
6.37%
3.24%
24.51%
Net Profit
3.4
8.63
0.43
−63.4
5.59
1.15
2.18
12.9
22.79
30.79
14.64
12.62
1.64
EPS (₹)
0.22
0.5
0.03
−3.7
0.33
0.07
0.11
0.65
1.15
1.55
0.74
0.64
0.08

Profit & Loss

₹ Cr
RELTD profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
555
493
621
417
518
719
304
765
253
131
284
564
501
Expenses
540
497
616
447
719
693
289
771
239
97
242
434
359
Operating Profit
15
−4
4
−30
−200
26
15
−6
14
34
42
129
141
OPM %
2.8%
−0.8%
0.7%
−7%
−39%
3.6%
4.9%
−0.8%
6%
26%
15%
23%
28%
Other Income
14
12
20
−55
39
33
19
65
33
−49
6
12
14
Interest
18
14
23
27
33
43
31
18
14
17
10
35
42
Depreciation
3
1
1
4
7
7
9
9
11
13
12
29
34
PBT
8
−8
1
−117
−202
9
−6
32
22
−46
27
78
79
Tax %
3%
16%
245%
20%
6%
39%
−216%
−16%
23%
11%
15%
−2%
—
Net Profit
8
−9
−2
−140
−213
6
7
37
17
−51
22
71
60
EPS (₹)
0.57
−0.66
−0.13
−10.3
−16.05
0.44
0.4
2.19
1.02
−3.01
1.08
3.59
3.01
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
RELTD balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
114
118
118
118
120
120
120
134
138
154
179
179
Reserves
126
119
74
−33
−141
−133
43
69
55
−7
158
233
Borrowings
234
259
255
320
358
373
177
164
117
148
224
558
Other Liabilities
250
316
253
236
228
141
60
85
145
108
87
149
Total Liabilities
724
812
700
641
564
501
400
453
455
404
648
1,119
Fixed Assets
191
196
93
239
176
178
174
190
187
257
315
858
CWIP
8
0
57
4
1
1
1
3
31
24
129
22
Investments
121
121
121
59
25
0
0
0
0
0
48
41
Other Assets
404
495
429
339
362
323
225
260
237
123
156
198
Total Assets
724
812
700
641
564
501
400
453
455
404
648
1,119

Cash Flow

₹ Cr
RELTD cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
91
−47
60
55
16
−29
53
19
122
61
71
166
Investing
−1
9
32
−116
−70
57
1
−23
−30
−81
−159
−437
Financing
−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
600
1,171
1,397
−190
−9
−103
345
−334
864
177
176
134

Ratios

RELTD financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

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

Log in to view Ravindra Energy insights

62 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.26%
  • Public 23.31%
  • Others 12.26%
  • FIIs 3.17%
  • DIIs 3.00%

25.73% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Concall · Sep 2026
    PPT
  • Concall · Apr 2026
    PPT
  • Concall · Jan 2026
    PPT
  • Concall · Sep 2025
    PPT

Frequently Asked Questions about Ravindra Energy

What does Ravindra Energy Ltd do?
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
Where is Ravindra Energy Ltd (RELTD) listed?
Ravindra Energy Ltd trades as RELTD on the NSE and under code 504341 on the BSE.
Which sector does Ravindra Energy Ltd belong to?
Ravindra Energy Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the PE ratio of Ravindra Energy Ltd?
Ravindra Energy Ltd trades at a PE ratio of 47.10 as of 4 Nov 2026, on earnings per share of ₹3.01, against a book value of ₹30.73 per share.
What is the 52-week high and low of Ravindra Energy Ltd?
Over the last 52 weeks Ravindra Energy Ltd has traded between ₹117.07 and ₹196.45 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Ravindra Energy Ltd?
Ravindra Energy Ltd reported a return on equity of 19.10%. Its debt-to-equity ratio is 1.35.

Company Information

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

Website ravindraenergy.com
CEO Dr. Vidya Madhusudan Murkumbi
Employees 96
Listed 30 Jul 2024
Face Value ₹10

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