Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.31 | 1.51 | 1.03 | 2.40 | 4.42 | 0.94 | 0.94 | 3.06 | 4.62 | 1.20 | 0.88 | 3.20 |
| Expenses | 2.12 | 2.24 | 3.50 | 2.20 | 2.26 | 2.32 | 1.47 | 3.15 | 3.03 | 3.12 | 3.32 | 2.55 |
| Operating Profit | 4.19 | -0.73 | -2.47 | 0.20 | 2.16 | -1.38 | -0.53 | -0.09 | 1.59 | -1.92 | -2.44 | 0.65 |
| OPM % | 66.40% | -48.34% | -239.81% | 8.33% | 48.87% | -146.81% | -56.38% | -2.94% | 34.42% | -160.00% | -277.27% | 20.31% |
| Other Income | 0.00 | 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 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Depreciation | 0.75 | 0.75 | 0.70 | 0.47 | 0.47 | 0.47 | 0.48 | 0.50 | 0.50 | 0.51 | 0.51 | 0.51 |
| Profit before tax | 3.41 | -1.30 | -2.51 | 1.05 | 2.10 | -1.62 | -0.12 | 0.90 | 1.42 | -2.14 | -1.11 | 0.50 |
| Tax % | 24.93% | -23.08% | -30.68% | 11.43% | 17.62% | -13.58% | -225.00% | 32.22% | 26.06% | -110.75% | -26.13% | 12.00% |
| Net Profit | 2.57 | -0.99 | -1.74 | 0.93 | 1.72 | -1.40 | 0.15 | 0.61 | 1.05 | 0.22 | -0.82 | 0.44 |
| EPS in Rs | 2.22 | -0.86 | -1.50 | 0.80 | 1.49 | -1.21 | 0.13 | 0.53 | 0.91 | 0.19 | -0.71 | 0.38 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13.97 | 27.47 | 33.50 | 29.11 | 35.88 | 23.07 | 27.53 | 12.81 | 12.35 | 8.70 | 9.76 | 9.90 |
| Expenses | 9.00 | 16.80 | 25.61 | 25.23 | 25.90 | 24.89 | 22.24 | 9.62 | 9.14 | 8.25 | 12.62 | 12.02 |
| Operating Profit | 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 % | 35.58% | 38.84% | 23.55% | 13.33% | 27.81% | -7.89% | 19.22% | 24.90% | 25.99% | 5.17% | -29.30% | -21.41% |
| Other Income | 5.58 | 1.15 | 0.31 | -0.53 | 0.99 | 0.49 | 0.95 | 9.98 | -0.18 | 3.00 | 4.10 | 2.97 |
| Interest | 6.99 | 7.77 | 4.50 | 4.22 | 5.35 | 5.25 | 3.41 | 1.14 | 0.12 | 0.15 | 0.16 | 0.15 |
| Depreciation | 5.00 | 4.98 | 4.98 | 4.96 | 5.42 | 5.11 | 5.09 | 4.83 | 2.94 | 1.89 | 2.02 | 2.03 |
| Profit before tax | -1.44 | -0.93 | -1.28 | -5.83 | 0.20 | -11.69 | -2.26 | 7.20 | -0.03 | 1.41 | -0.94 | -1.33 |
| Tax % | 6.94% | -300.00% | -12.50% | -27.27% | 15.00% | -8.55% | -5.75% | 18.19% | -500.00% | 0.00% | -210.64% | |
| Net Profit | -1.54 | 1.85 | -1.12 | -4.25 | 0.17 | -10.69 | -2.13 | 5.89 | 0.12 | 1.40 | 1.05 | 0.89 |
| EPS in Rs | -1.33 | 1.60 | -0.97 | -3.67 | 0.15 | -9.24 | -1.84 | 5.09 | 0.10 | 1.21 | 0.91 | 0.77 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -4% | -16% | -9% | 6% | ||
| Compounded Profit Growth | 7% | 15% | % | 68% | ||
| Stock Price CAGR | 7% | 17% | -7% | -36% | ||
| Return on Equity | -2% | 2% | 2% | 0% |
| 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 | 28.25 | 29.26 |
| Borrowings | 50.44 | 73.41 | 59.29 | 44.31 | 56.66 | 71.14 | 64.78 | 18.80 | 6.28 | 1.08 | 1.95 | 1.52 |
| Other Liabilities | 23.08 | 21.70 | 19.26 | 24.26 | 15.36 | 14.32 | 15.22 | 14.40 | 10.72 | 10.52 | 10.23 | 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 |
| Fixed Assets | 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 |
| 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 | 116.62 | 136.66 | 133.60 | 142.26 | 119.76 | 131.28 | 112.56 | 63.41 | 55.47 | 50.04 | 52.00 | 47.06 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 10.63 | -12.21 | 19.08 | 14.13 | 5.72 | 4.67 | 11.08 | -1.59 | 4.96 | 4.43 | 1.66 | 1.93 |
| Cash from Investing Activity | -3.22 | -9.87 | -4.26 | 3.98 | -10.63 | -19.40 | 0.12 | 50.69 | 8.55 | 0.69 | -1.89 | -1.82 |
| Cash from Financing Activity | -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 | -0.10 | -0.02 | -0.24 | 4.09 | 3.21 | -7.16 | 0.17 | -0.30 | 0.02 | -0.20 | 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% |
| 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 | 632.25 | 497.76 |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% | 74.70% |
| Public | 25.30% | 25.28% | 25.29% | 25.30% | 25.30% | 25.30% | 25.29% | 25.29% | 25.30% | 25.31% | 25.32% | 25.30% |
| No. of Shareholders | 7,716 | 8,314 | 8,749 | 9,465 | 10,940 | 11,162 | 11,339 | 11,539 | 11,745 | 11,403 | 11,232 | 11,114 |
Fundamentals
Market Cap₹ 43.3 Cr.
Current Price₹ 37.4
Stock P/E48.7
Book Value₹ 35.3
ROCE-4.76 %
ROE-0.42 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)68%
Standalone figures.
Valuation
Market capRs 42 Cr
Enterprise valueRs 43 Cr
P/E (TTM)47.23x
Price to book1.03x
Price to sales4.25x
EV / EBITDA51.11x
EV / sales4.39x
Price to cash flow21.78x
Earnings yield2.12%
P/E, 3-year average248.43x
P/B, 3-year average1.52x
P/E, 5-year average188.01x
P/B, 5-year average1.36x
Profitability
Operating margin (excl. other income)-29.30%
Operating margin (incl. other income)12.70%
EBITDA margin8.59%
Pre-tax margin-13.43%
Net profit margin8.99%
Net margin, latest quarter13.75%
ROE2.60%
ROCE-1.85%
ROA2.12%
ROE, 3-year average2.16%
ROCE, 3-year average0.73%
ROA, 3-year average1.70%
ROE, 5-year average3.37%
ROCE, 5-year average4.31%
ROA, 5-year average2.52%
ROIC (approx.)3.09%
Tax rate210.64%
Other income / net worth10.04%
Growth
Sales growth (latest year)12.18%
Profit growth (latest year)-25.00%
Sales CAGR, 3 years-8.67%
Sales CAGR, 5 years-15.81%
Profit CAGR, 3 years-43.72%
Sales growth QoQ263.64%
Sales growth YoY (latest quarter)4.58%
Profit growth YoY (latest quarter)-27.87%
Per share
EPS (TTM)Rs 0.77
EPS (latest year)Rs 0.91
EPS (latest quarter)Rs 0.38
EPS, 3-year averageRs 0.74
EPS, 5-year averageRs 1.09
Book value per shareRs 35.29
Sales per shareRs 8.56
Cash flow per shareRs 1.67
Free cash flow per shareRs 0.98
Efficiency
Asset turnover0.21x
Fixed asset turnover0.46x
Inventory turnover4.04x
Inventory days90 days
Debtor days46 days
Debtors turnover7.93x
Cash conversion cycle46 days
Working capital days498 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.04x
Net debt / EBITDA1.66x
Interest coverage-7.87x
Owners' fund to total sources86.76%
Debt to assets3.23%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years1.80x
Sales to cash flow5.06x
Statement figures
Net sales (TTM)Rs 10 Cr
Net sales (latest year)Rs 10 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs -3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs -2 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 13 Cr
Total income (latest year)Rs 14 Cr
Share capitalRs 12 Cr
ReservesRs 29 Cr
Shareholders' fundsRs 41 Cr
Total assetsRs 47 Cr
Net blockRs 21 Cr
InvestmentsRs 11 Cr
ReceivablesRs 1 Cr
InventoryRs 2 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)1.16
Ownership
Promoter holding74.70% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 47.2 is at the 54th percentile of its own 4.5-year range
(median 29.9, low 8.7, high 149.6).
P/B 1.03 is at the 54th percentile (median 0.96).
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.
| Period | KARMAENG | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.9% | -2.8% | -5.1 pts |
| 1 month | -2.5% | -6.8% | +4.2 pts |
| 3 months | -11.4% | -7.6% | -3.8 pts |
| 6 months | +5.5% | +0.4% | +5.1 pts |
| 1 year | -46.0% | -9.9% | -36.1 pts |
| 2 years | -53.8% | -13.6% | -40.3 pts |
| 3 years | -24.2% | +14.2% | -38.3 pts |
| 5 years | +94.3% | +27.9% | +66.4 pts |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
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 2026Sales ₹3 Cr +4.6% vs Jun 2025.
Net profit ₹0 Cr -27.9%.
Against our estimate for Jun 2026: sales -5.5%, profit -32.1% in line. Our estimate for Sep 2026: sales Rs 5 Cr, profit Rs 1 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| NTPC Ltd | 313,687 | 11.3 | 8.92 % |
| Adani Green Energy Ltd | 207,544 | 107 | 7.39 % |
| JSW Energy Ltd | 91,885 | 45.8 | 8.16 % |
| NTPC Green Energy Ltd | 75,829 | 125 | 3.56 % |
| NHPC Ltd | 73,650 | 19.4 | 5.75 % |
| NLC India Ltd | 35,463 | 11.0 | 8.42 % |
| ACME Solar Holdings Ltd | 30,958 | 52.0 | 8.91 % |
| SJVN Ltd | 23,512 | 36.8 | 5.73 % |
| Clean Max Enviro Energy Solutions Ltd | 16,250 | 104 | 6.16 % |
| Juniper Green Energy Ltd | 15,494 | 587 | 3.30 % |
| Nava Ltd | 15,467 | 20.4 | 12.8 % |
| Vedanta Power Ltd | 13,393 | 21.8 | % |
| Jaiprakash Power Ventures Ltd | 10,458 | 12.5 | 6.97 % |
| Reliance Power Ltd | 8,176 | 2,278 | 6.11 % |
| GMR Power & Urban Infra Ltd | 8,170 | 12.0 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-07-23 | Annual General Meeting | |
| 2023-07-20 | Annual General Meeting | |
| 2022-07-20 | Annual General Meeting | |
| 2021-09-20 | Annual General Meeting | |
| 2020-12-14 | Annual General Meeting | |
| 2019-07-29 | Annual General Meeting | |
| 2018-07-27 | Annual General Meeting | |
| 2017-08-11 | Annual General Meeting | |
| 2016-08-24 | Annual General Meeting | |
| 2015-09-03 | Annual General Meeting | |
| 2014-09-04 | Annual General Meeting / Dividend - Re 0.50/- Per Share | |
| 2013-07-23 | Annual General Meeting And Dividend Re.0.50 Per Share | |
| 2012-09-21 | Annual General Meeting And Dividend Re.0.50 Per Share | |
| 2011-09-26 | Dividend-Re.0.50 Per Share |
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Karma Energy Ltd?
Karma Energy Ltd (KARMAENG) has a market capitalisation of Rs 43.3 Cr. at the 2026-10-01 close.
What is the P/E ratio of Karma Energy Ltd?
Karma Energy Ltd trades at a P/E of 48.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Karma Energy Ltd's latest quarterly results?
In the Jun 2026 quarter, Karma Energy Ltd sales was Rs 3 Cr (+4.6% vs Jun 2025) and net profit was Rs 0 Cr.
What is the 52-week high and low of Karma Energy Ltd?
The 52-week high is Rs 66.25 and the 52-week low is Rs 34.38.