MarketFriction

Ravindra Energy Ltd

NSE RELTD · BSE 504341 · Other Electrical Equipment
₹146.98 -1.80%
NSE close2026-10-01
52 week range114.77 - 196.45
Market cap₹2,960 Cr.
P/E49.6
Price band 20% Delivery 51.5%

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
Sales26.5816.4930.1222.7115.5853.14158.99162.64120.33127.17133.06119.97
Expenses20.279.1421.5715.3814.9945.99131.62134.7783.0894.8899.4381.87
Operating Profit6.317.358.557.330.597.1527.3727.8737.2532.2933.6338.10
OPM %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 Income10.071.92-63.048.403.962.59-8.546.042.394.664.892.54
Interest4.244.164.684.521.132.551.774.797.7410.5311.7412.28
Depreciation3.553.503.233.411.992.773.304.656.128.388.8910.65
Profit before tax8.591.61-62.407.801.434.4213.7624.4725.7818.0417.8917.71
Tax %-0.35%73.29%1.54%26.92%9.09%40.05%0.80%3.39%-19.28%6.37%3.24%24.51%
Net Profit8.630.43-63.405.591.152.1812.9022.7930.7914.6412.621.64
EPS in Rs0.500.03-3.700.330.070.110.651.151.550.740.640.08
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales493621417518719304765253131250543501
Expenses49761644771969328977123997208412359
Operating Profit-44-30-2002615-6143443131141
OPM %-0.8%0.7%-7%-39%3.6%4.9%-0.8%6%26%17%24%28%
Other Income1220-553933196533-4961814
Interest142327334331181417103542
Depreciation11477991113112834
Profit before tax-81-117-2029-63222-46278679
Tax %16%245%20%6%39%-216%-16%23%11%15%-3%
Net Profit-9-2-140-213673717-51228160
EPS in Rs-0.66-0.13-10.30-16.050.440.402.191.02-3.011.094.073.01
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%12%29%28%
Compounded Profit Growth31%72%73%13%
Stock Price CAGR14%26%32%-5%
Return on Equity%15%16%21%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital114118118118120120120134138154179179
Reserves12611974-33-141-133436955-7160244
Borrowings234259255320358373177164117148224502
Other Liabilities250316253236228141608514510888206
Total Liabilities7248127006415645014004534554046511,130
Fixed Assets19119693239176178174190187257318870
CWIP805741113312412922
Investments1211211215925000004841
Other Assets404495429339362323225260237123156198
Total Assets7248127006415645014004534554046511,130
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity91-47605516-2953191226171172
Cash from Investing Activity-1932-116-70571-23-30-81-159-443
Cash from Financing Activity-8816-755566-27-58-13-8522147278
Net Cash Flow1-2217-7122-4-1772597
Free Cash Flow83-48106-4374-3947-1284-15-106-284
CFO/OP600%1,171%1,397%-190%-9%-103%345%-334%864%177%175%136%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days28220122189192108156661861762527
Inventory Days7121345418181018
Days Payable161351712415530181392536515
Cash Conversion Cycle1886107190154581304855-59-3030
Working Capital Days-8-74-64-118-97-5510052105-16418
ROCE %5%2%3%-6%-45%23%7%15%10%11%10%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.99%74.99%74.99%74.99%74.99%64.77%64.77%64.77%64.77%64.77%63.66%58.26%
FIIs0.00%0.07%0.08%0.08%0.04%3.19%3.21%2.97%2.59%2.08%1.98%3.27%
DIIs0.00%0.00%0.00%0.00%0.09%1.36%1.36%1.91%1.91%1.91%2.81%2.99%
Public25.01%24.93%24.92%24.94%24.88%30.67%30.65%30.35%30.73%31.23%31.55%35.49%
No. of Shareholders70,49571,19675,85676,90782,46582,90882,90983,52182,57581,90980,81582,798

Fundamentals

Market Cap₹ 2,960 Cr.
Current Price₹ 149
Stock P/E49.6
Book Value₹ 21.3
ROCE15.9 %
ROE21.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 2,918 Cr
Enterprise valueRs 3,329 Cr
P/E (TTM)48.88x
Price to book6.91x
Price to sales5.83x
EV / EBITDA21.37x
EV / EBIT27.35x
EV / sales6.65x
Price to cash flow16.98x
Earnings yield2.05%
P/E, 3-year average104.23x
P/B, 3-year average7.16x
P/E, 5-year average53.72x
P/B, 5-year average5.11x
Profitability
Operating margin (excl. other income)24.12%
Operating margin (incl. other income)27.43%
EBITDA margin31.12%
Pre-tax margin15.87%
Net profit margin11.93%
Net margin, latest quarter1.37%
ROE21.23%
ROCE16.26%
ROA9.07%
ROE, 3-year average-0.06%
ROCE, 3-year average5.16%
ROA, 3-year average0.39%
ROE, 5-year average5.09%
ROCE, 5-year average8.03%
ROA, 5-year average2.45%
ROIC (approx.)15.02%
Tax rate-2.82%
Other income / net worth4.26%
Growth
Sales growth (latest year)116.92%
Profit growth (latest year)273.18%
Sales CAGR, 3 years29.07%
Sales CAGR, 5 years12.31%
Profit CAGR, 3 years73.30%
Profit CAGR, 5 years72.06%
Sales growth QoQ-9.84%
Profit growth QoQ-87.00%
Sales growth YoY (latest quarter)-26.24%
Profit growth YoY (latest quarter)-92.80%
Per share
EPS (TTM)Rs 3.01
EPS (latest quarter)Rs 0.08
EPS, 3-year averageRs -1.05
EPS, 5-year averageRs 0.35
Book value per shareRs 21.28
Sales per shareRs 25.21
Cash flow per shareRs 8.66
Free cash flow per shareRs -14.31
Efficiency
Asset turnover0.48x
Fixed asset turnover0.62x
Inventory turnover20.16x
Inventory days18 days
Debtor days27 days
Debtors turnover13.61x
Creditor days15 days
Cash conversion cycle30 days
Working capital days18 days
Leverage
Total debtRs 502 Cr
Cash and bankRs 92 Cr
Net debtRs 411 Cr
Debt to equity1.19x
Net debt / EBITDA2.64x
Interest coverage2.88x
Current ratio (filing 2026-03-31)3.18x
Quick ratio (filing 2026-03-31)2.91x
Trade payables (filing 2026-03-31)Rs 12 Cr
Owners' fund to total sources37.37%
Debt to assets44.43%
Cash flow
Cash from Operating Activity (latest year)Rs 172 Cr
Cash from Investing Activity (latest year)Rs -443 Cr
Cash from Financing Activity (latest year)Rs 278 Cr
Net Cash Flow (latest year)Rs 7 Cr
Free cash flow (latest year)Rs -284 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years4.20x
Sales to cash flow3.16x
Statement figures
Net sales (TTM)Rs 501 Cr
Net sales (latest year)Rs 543 Cr
Sales (latest quarter)Rs 120 Cr
Operating profit excl. other income (latest year)Rs 131 Cr
Operating profit (latest quarter)Rs 38 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 156 Cr
PBDT (TTM)Rs 113 Cr
Profit before tax (TTM)Rs 79 Cr
Tax (latest year)Rs -2 Cr
Net profit (TTM)Rs 60 Cr
Net profit (latest year)Rs 81 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 34 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 42 Cr
Cost of goods sold (latest year)Rs 307 Cr
Total expenditure (latest year)Rs 412 Cr
Total income (latest year)Rs 561 Cr
Share capitalRs 179 Cr
ReservesRs 244 Cr
Shareholders' fundsRs 423 Cr
Total assetsRs 1,130 Cr
Net blockRs 870 Cr
Capital work in progressRs 22 Cr
InvestmentsRs 41 Cr
ReceivablesRs 40 Cr
InventoryRs 15 Cr
Other liabilitiesRs 206 Cr
Shares outstanding (crore)19.85
Ownership
Promoter holding58.26% (-6.51 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 44.6 is at the 32th percentile of its own 5.5-year range (median 73.6, low 23.0, high 201.2).
P/B 6.30 is at the 53th percentile (median 6.09).
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.
PeriodRELTDNifty 50Difference
1 week+0.5%-2.8% +3.2 pts
1 month-4.5%-6.8% +2.3 pts
3 months-12.3%-7.6% -4.7 pts
6 months+22.7%+0.4% +22.3 pts
1 year-13.9%-9.9% -4.0 pts
2 years+0.5%-13.6% +14.0 pts
3 years+126.8%+14.2% +112.6 pts
5 years+207.0%+27.9% +179.1 pts
3 mutual fund schemes hold about ₹94 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Manufacturing Fund6.18%46 +11%
Quant Small Cap Fund0.12%43 +2%
Quant Infrastructure Fund0.17%5 +11%

Red flags

F-score 7 of 8
explainShare dilution Share count up 0% in a year, 30% in three
lookAuditor change Auditor change 2026-04-29: Ravindra Energy Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹120 Cr -26.2% vs Jun 2025. Net profit ₹2 Cr -92.8%.
Against our estimate for Jun 2026: sales -53.9%, profit -95.1% miss. Our estimate for Sep 2026: sales Rs 95 Cr, profit Rs 10 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-08Rights 1:9 @ Premium 91
2024-09-20Annual General Meeting
DateTypeWhat it says
2026-10-02General UpdatesDisclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 - Pledge Creation.
2026-09-29Shareholder meetingVoting results of Annual General Meeting held on September 28, 2026
2026-09-29Investor PresentationInvestor Presentation
2026-09-29Director changeChange in Director(s) of the company.
2026-09-29Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-29Shareholder meetingRavindra Energy Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-24Concall / analyst meetIntimation of Schedule of Analysts/Institutional Investors Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) R...
2026-09-23Press ReleaseA press release dated September 23, 2026, titled "Announcement of Merger between Energy In Motion Limited (Transferor Company) and Ravindra Energy Lim...
2026-09-23Board meeting outcomeOutcome of Board Meeting held on September 23, 2026.
2026-09-06Shareholder meetingNotice of 46th Annual General Meeting to be held on Monday, September 28, 2026.
2026-09-01UpdatesEnergy In Motion Limited (Associate Entity) Signs a Strategic MoU with Oil Field Warehouse & Services Limited and Radiance Green Mobility Pvt Ltd for ...
2026-08-26Giving guarantees/indemnity/Ravindra Energy Limited has informed about providing corporate guarantee to Muon India Private Limited.
2026-08-26ESOPAllotment of 12500 Shares.
2026-08-22UpdatesSubmission of disclosure received under Regulation 31(1) of SEBI (SAST) Regulation 2011 for creation of encumbrance on shares by Promoters .
2026-08-21UpdatesRavindra Energy Limited has informed the Exchange regarding Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 201...
2026-08-21UpdatesDisclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 Pledge Creation Khandepar Investments Private Limited.
2026-08-14AppointmentReappointment of Mr Shantanu Lath, as Whole-time Director designated as Chief Executive Officer of the company w.e.f. August 11, 2026.
2026-08-14UpdatesGeneral Business update for Quarter 1-ended June 30, 2026.
2026-08-14Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-14Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-14Monitoring Agency ReportSubmission of Monitoring Agency report for Q1-FY2026-27 - Care Ratings Limited - rights issue made by the Company
2026-08-14Monitoring Agency ReportSubmission of Monitoring Agency report for Q1-FY2026-27 - India Ratings and Research Private Limited - preferential issue made by the Company
2026-08-14Monitoring Agency ReportMonitoring Agency report for Q1-FY2026-27 - IndiaRatings and Research Private Limited - For proceeds of preferential issue
2026-08-14Board meeting outcomeRavindra Energy Limited has submitted to the Exchange, the restated consolidated audited financial results for Q4 FY 2025-26, Audited Financial State...
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.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Ravindra Energy Ltd?

Ravindra Energy Ltd (RELTD) has a market capitalisation of Rs 2,960 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ravindra Energy Ltd?

Ravindra Energy Ltd trades at a P/E of 49.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ravindra Energy Ltd's latest quarterly results?

In the Jun 2026 quarter, Ravindra Energy Ltd sales was Rs 120 Cr (-26.2% vs Jun 2025) and net profit was Rs 2 Cr.

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

The 52-week high is Rs 196.45 and the 52-week low is Rs 114.77.

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