MarketFriction

Energy Development Company Ltd

NSE ENERGYDEV · BSE 532219 · Power Generation
₹14.52 +0.90%
NSE close2026-10-01
52 week range13.15 - 29.69
Market cap₹70.3 Cr.
P/E293
Price band 20% Delivery 62.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales11.039.183.946.7815.098.072.8210.2920.6611.144.176.34
Expenses3.292.814.932.764.113.875.914.135.274.994.354.23
Operating Profit7.746.37-0.994.0210.984.20-3.096.1615.396.15-0.182.11
OPM %70.17%69.39%-25.13%59.29%72.76%52.04%-109.57%59.86%74.49%55.21%-4.32%33.28%
Other Income0.270.320.810.350.33-75.770.730.270.320.45-5.240.50
Interest2.682.651.892.452.382.442.372.352.312.713.002.20
Depreciation2.592.592.562.562.582.582.542.562.222.172.142.19
Profit before tax2.741.45-4.63-0.646.35-76.59-7.271.5211.181.72-10.56-1.78
Tax %-6.93%-13.10%11.02%-28.12%-3.15%-0.27%270.98%-7.89%5.46%24.42%30.21%1.69%
Net Profit2.941.64-5.14-0.466.55-76.39-26.971.6510.571.30-13.76-1.81
EPS in Rs0.620.35-1.08-0.101.38-16.08-5.680.352.230.27-2.90-0.38
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales150.05115.0259.9134.9429.9431.2942.9837.4430.0132.7646.2542.31
Expenses138.86106.0039.9019.5317.5514.6112.3612.6513.7816.6518.7318.84
Operating Profit11.199.0220.0115.4112.3916.6830.6224.7916.2316.1127.5223.47
OPM %7.46%7.84%33.40%44.10%41.38%53.31%71.24%66.21%54.08%49.18%59.50%55.47%
Other Income4.9437.432.083.822.022.222.544.601.73-74.36-4.20-3.97
Interest19.7030.4820.5419.7418.3218.7814.9213.799.909.6410.3710.22
Depreciation11.0310.9011.7011.1610.4610.3610.3210.3110.2810.269.098.72
Profit before tax-14.605.07-10.15-11.67-14.37-10.247.925.29-2.22-78.153.860.56
Tax %3.49%21.70%29.16%-39.50%-68.82%-38.18%-20.58%20.42%-2.70%24.45%106.22%
Net Profit-15.113.98-13.11-7.05-4.48-6.329.544.21-2.17-97.26-0.24-3.70
EPS in Rs-3.180.98-2.45-1.17-0.64-1.012.010.89-0.46-20.48-0.05-0.78
Dividend Payout %-15.72%51.08%-20.40%-42.64%-78.12%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-11%8%7%17%
Compounded Profit Growth8%18%-32%101%
Stock Price CAGR-24%9%-10%-21%
Return on Equity-9%-8%-26%33%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital27.5047.5047.5047.5047.5047.5047.5047.5047.5047.5047.5047.50
Reserves77.18101.8975.3860.9652.5546.5941.9251.6255.9053.70-43.53-43.59
Borrowings140.39130.82166.03165.38165.40159.90162.89160.16158.49153.84146.58137.48
Other Liabilities246.27231.71111.0786.0579.6291.8793.2193.2394.2995.3240.9939.05
Total Liabilities491.34511.92399.98359.89345.07345.86345.52352.51356.18350.36191.54180.44
Fixed Assets217.01206.61196.88203.29192.13181.85171.77161.54151.24140.97130.89126.28
CWIP239.19244.1846.9429.7129.7129.7129.7129.7129.7129.714.390.00
Investments0.190.0225.9712.3112.3112.3112.3112.2912.2912.290.000.00
Other Assets34.9561.11130.19114.58110.92121.99131.73148.97162.94167.3956.2654.16
Total Assets491.34511.92399.98359.89345.07345.86345.52352.51356.18350.36191.54180.44
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity23.2710.465.6616.6915.3018.1415.3128.1018.9910.3021.9726.21
Cash from Investing Activity-13.55-26.03-5.298.91-1.93-1.50-4.21-10.65-5.22-1.13-3.370.73
Cash from Financing Activity-7.7516.45-3.88-21.68-18.51-14.91-11.18-14.80-12.63-12.69-20.52-20.99
Net Cash Flow1.970.89-3.513.92-5.131.73-0.072.661.14-3.52-1.925.95
Free Cash Flow2.15-1.111.8316.2014.9518.1715.1828.0018.9810.2817.3926.13
CFO/OP87%106%65%88%104%149%92%92%77%64%137%96%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days98.0183.27144.45235.66381.09441.19439.07337.82401.66486.0287.6832.04
Inventory Days
Days Payable
Cash Conversion Cycle98.0183.27144.45235.66381.09441.19439.07337.82401.66486.0287.6832.04
Working Capital Days-143.19-104.01-55.8822.97137.8914.5139.08-445.17-527.61-688.16-1,003.53-700.56
ROCE %6.12%1.94%-0.35%3.71%3.03%1.53%3.45%9.17%7.51%3.05%3.89%14.27%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%
FIIs0.00%0.11%0.04%0.19%0.00%0.08%0.00%0.00%0.00%0.00%0.00%0.00%
Public41.84%41.74%41.82%41.66%41.85%41.78%41.85%41.85%41.87%41.86%41.85%41.85%
No. of Shareholders24,93528,05329,63932,54636,27137,48737,40537,80737,05237,57636,79136,707

Fundamentals

Market Cap₹ 70.3 Cr.
Current Price₹ 14.8
Stock P/E293
Book Value₹ 0.82
ROCE14.3 %
ROE33.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)101%
Consolidated figures.
Valuation
Market capRs 69 Cr
Enterprise valueRs 184 Cr
Price to book17.64x
Price to sales1.63x
EV / EBITDA9.44x
EV / EBIT17.08x
EV / sales4.35x
Price to cash flow2.63x
Earnings yield-5.36%
P/B, 3-year average12.33x
P/E, 5-year average14.16x
P/B, 5-year average7.75x
Profitability
Operating margin (excl. other income)59.50%
Operating margin (incl. other income)50.42%
EBITDA margin46.09%
Pre-tax margin1.32%
Net profit margin-8.74%
Net margin, latest quarter-28.55%
ROE-6.09%
ROCE9.75%
ROA-0.13%
ROE, 3-year average-64.39%
ROCE, 3-year average-7.02%
ROA, 3-year average-12.21%
ROE, 5-year average-35.78%
ROCE, 5-year average-0.96%
ROA, 5-year average-6.54%
ROIC (approx.)-0.56%
Tax rate106.22%
Other income / net worth-107.42%
Growth
Sales growth (latest year)41.18%
Sales CAGR, 3 years7.30%
Sales CAGR, 5 years8.13%
Sales growth QoQ52.04%
Sales growth YoY (latest quarter)-38.39%
Profit growth YoY (latest quarter)-209.70%
Per share
EPS (TTM)Rs -0.78
EPS (latest year)Rs -0.05
EPS (latest quarter)Rs -0.38
EPS, 3-year averageRs -6.99
EPS, 5-year averageRs -3.62
Book value per shareRs 0.82
Sales per shareRs 8.91
Cash flow per shareRs 5.52
Free cash flow per shareRs 5.50
Efficiency
Asset turnover0.26x
Fixed asset turnover0.37x
Inventory turnover23.21x
Inventory days16 days
Debtor days32 days
Debtors turnover11.39x
Cash conversion cycle32 days
Working capital days-701 days
Leverage
Total debtRs 137 Cr
Cash and bankRs 22 Cr
Net debtRs 115 Cr
Debt to equity35.16x
Net debt / EBITDA5.91x
Interest coverage1.05x
Owners' fund to total sources2.17%
Debt to assets76.19%
Cash flow
Cash from Operating Activity (latest year)Rs 26 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -21 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs 17 Cr
Sales to cash flow1.76x
Statement figures
Net sales (TTM)Rs 42 Cr
Net sales (latest year)Rs 46 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 28 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs -4 Cr
EBITDA (TTM)Rs 20 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs -4 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 19 Cr
Total income (latest year)Rs 42 Cr
Share capitalRs 48 Cr
ReservesRs -44 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 180 Cr
Net blockRs 126 Cr
ReceivablesRs 4 Cr
InventoryRs 0 Cr
Other liabilitiesRs 39 Cr
Shares outstanding (crore)4.75
Ownership
Promoter holding58.14% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 17.64 is at the 87th percentile (median 0.83).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodENERGYDEVNifty 50Difference
1 week-2.6%-2.8% +0.2 pts
1 month-8.0%-6.8% -1.2 pts
3 months-18.7%-7.6% -11.0 pts
6 months+10.4%+0.4% +10.0 pts
1 year-26.7%-9.9% -16.8 pts
2 years-41.4%-13.6% -27.9 pts
3 years-27.8%+14.2% -41.9 pts
5 years+41.7%+27.9% +13.8 pts

Red flags

F-score 7 of 8
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹6 Cr -38.4% vs Jun 2025. Net loss ₹2 Cr.
Against our estimate for Jun 2026: sales -56.9%, profit -188.8% in line. Our estimate for Sep 2026: sales Rs 22 Cr, profit Rs -2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-22Annual General Meeting
2022-09-23Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-18 Annual General Meeting/Dividend - Rs 0.50 Per Share
2019-09-20 Dividend - Rs 0.50 Per Share
2018-09-19 Dividend- Re 0.50 Per Share
2017-09-21 Dividend- Re 0.50 Per Share
2016-09-21 Dividend - Re 0.50 Per Share
2015-09-21 Annual General Meeting/Dividend Re 0.50 Per Share
2014-09-16Annual General Meeting And Dividend Re.0.50 Per Share
2013-09-05Annual General Meeting/Dividend Re 0.80/- Per Share
2012-08-30Annual General Meeting/ Dividend Rs. 1.20 Per Share
2011-09-06Annual General Meeting And Dividend Re.1/- Per Share
2010-12-07Annual General Meeting And Dividend Re.1/- Per Share
2009-09-10Agm/Div-Re.1/- Per Share
2008-08-12Agm/Dividend - 10%
DateTypeWhat it says
2026-09-26Shareholder meetingProceedings of Annual General Meeting held on September 26, 2025
2026-08-28Record DateRecord date for the purpose of Notice of 31st Annual General Meeting and Book Closure is 26-Sep-2026.
2026-08-10Board meeting outcomeOutcome of Board Meeting held on August 10, 2026.
2026-07-15UpdatesCertificate under Regulation 74(5) of theSEBI (Depositories and Participants) Regulations, 2018.
2026-07-14Reply to Clarification- FinaThe Exchange had sought clarification from Energy Development Company Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the S...
2026-06-30Disclosure under SEBI TakeovSarvottam Caps Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-05-28Board meeting outcomeEnergy Development Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-28UpdatesConfirmation about non-applicability of Disclosure for Large Corporate.
2026-04-14UpdatesCertificate under Regulation 74(5) of theSEBI (Depositories and Participants) Regulations, 2018.
2026-04-09Disclosure under SEBI TakeovSarvottam Caps Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-02-13Board meeting outcomeEnergy Development Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2026-01-17UpdatesReg 74(5) for the quarter ended 31st December, 2025.
2025-11-15Board meeting outcomeEnergy Development Company Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-14Board meeting outcomeBoard meeting held on November 14, 2025.
2025-10-14UpdatesReg.74(5).
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Energy Development Company Ltd?

Energy Development Company Ltd (ENERGYDEV) has a market capitalisation of Rs 70.3 Cr. at the 2026-10-01 close.

What is the P/E ratio of Energy Development Company Ltd?

Energy Development Company Ltd trades at a P/E of 293 on trailing twelve-month profit, at the 2026-10-01 close.

What were Energy Development Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Energy Development Company Ltd sales was Rs 6 Cr (-38.4% vs Jun 2025) with a net loss of Rs 2 Cr.

What is the 52-week high and low of Energy Development Company Ltd?

The 52-week high is Rs 29.69 and the 52-week low is Rs 13.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03