Karamtara Engineering Limited

NSE: KARAMTARA · Heavy Electrical Equipment

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52W Range₹320 – ₹444

Snapshot

Unlock Karamtara Engineering Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Karamtara Engineering Limited is a backward integrated manufacturer specialising in products for the renewable energy and transmission lines sectors, including solar mounting structures, trackers, lattice towers, and wind turbine components. Operating 13 manufacturing facilities globally, the company serves original equipment manufacturers, EPC contractors, and independent power producers across more than 50 countries.

Vertical mix

  • NaN%

Business Model

The company generates revenue by manufacturing and supplying a diverse portfolio of renewable energy hardware and transmission line products to a global customer base spanning over 50 countries. It operates on a backward integrated model with extensive manufacturing infrastructure, supporting substantial production capacity across India and internationally.

  • Total Revenue from Operations (Fiscal 2026):₹43,119.76 million
  • Manufacturing Facilities:13 facilities
  • Installed Capacity:889,200 metric tons per annum and 480,000 pieces

Management Commentary

Recognised as a Four Star Export House by the Government of India, the company capitalises on its strong market position as a leading integrated manufacturer of solar mounting structures and tracker components. Management emphasises robust operational scale and expansive global reach to serve major energy and infrastructure clients.

Growth Outlook

Growth is underpinned by rising global demand for renewable energy infrastructure, solar mounting structures, and power transmission networks. The company's large installed capacity and export capabilities position it well to capture increasing investments in the clean energy sector.

  • Fiscal 2026 Revenue:₹43,119.76 million
  • Fiscal 2024 Revenue:₹24,251.50 million

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of steel and other essential raw materials can significantly impact manufacturing margins.
  • Geopolitical and Export Risks. With cumulative exports to over 50 countries, the business is exposed to international trade policies, tariffs, and currency fluctuations.
  • Sector Concentration Risk. A high dependency on solar energy products exposes the company to regulatory and policy changes within the renewable energy sector.

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Peers · Heavy Electrical Equipment

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Karamtara Engineering LimitedKARAMTARA
₹11,648 Cr———12.0%———
Inox Wind Ltd.INOXWIND
₹12,965 Cr28.5×13.6417.1%24.0%7.3%12.0%-51.6%
Atlanta Electricals LimitedATLANTAELE
₹12,736 Cr29.8×32.90—19.4%23.4%36.8%+96.9%
Quality Power Electrical Equipments LtdQPOWER
₹12,047 Cr90.9×47.11—25.2%40.4%33.0%+49.5%
Voltamp Transformers LimitedVOLTAMP
₹10,925 Cr33.3×24.9217.8%19.1%18.8%24.5%+45.1%
Elecon Engineering Co. Ltd.ELECON
₹10,471 Cr41.8×17.803.0%24.1%11.0%15.4%-25.0%

As of Mar 2026

Financials