Karma Energy Ltd

: KARMAENG · Power Generation

52W Range₹34 ₹74

Limited coverage

We are not actively covering this company or have limited coverage today. Click to request coverage.

Snapshot

Unlock Karma Energy Ltd's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Karma Energy Ltd is a renewable energy company within the Weizmann group, primarily focused on power generation through wind, hydro, and solar sources. The company currently operates 30.50 MW of wind power projects across Maharashtra and Tamil Nadu.

Business Model

The company generates revenue by supplying electricity to state governments and government-owned grids, supplemented by the sale of renewable energy certificates. It focuses on long-term power purchase agreements to monetise its wind energy assets.

  • Operating Wind Capacity:30.50 MW

Management Commentary

Management has recently streamlined operations by discontinuing a 7.5 MW wind farm in Andhra Pradesh due to unfavourable tariff conditions. The focus remains on maintaining operational efficiency within its core wind power portfolio.

Growth Outlook

Growth is contingent upon the optimisation of existing renewable assets and potential expansion into solar and hydropower segments. The company continues to monitor tariff trends to ensure the viability of its power generation projects.

Key Risks

  • Regulatory and Tariff Risk. Changes in government policies or low tariff offerings from state utilities can significantly impact the profitability of renewable energy projects.
  • Resource Dependency. As a renewable energy generator, the company's revenue is highly dependent on favourable wind patterns and climatic conditions.
  • Counterparty Credit Risk. The company faces potential payment delays or defaults from state-owned distribution companies, which are the primary purchasers of its generated power.

Start your research today

Unlock AI insights, financials, peers and live data on Karma Energy Ltd and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹10 Cr

TTM · standalone

+12.2%YoY

NET PROFIT

₹1 Cr

TTM · standalone

-31.6%YoY

EPS

₹0.92

TTM · standalone

-31.9%YoY

RETURN ON EQUITY

2.6%

TTM · standalone

-1.4 ppYoY

RETURN ON CAPITAL EMPLOYED

-1.7%

TTM · standalone

-5.5 ppYoY

P/E

40.8x

Q4 FY26 · standalone

40.8 vs 9.3x5Y avg

EV/EBITDA

106.2x

Q4 FY26 · standalone

106.2 vs 365.6x5Y avg

EBITDA MARGIN

4.4%

TTM · standalone

-34.0 ppYoY

NET PROFIT MARGIN

-93.2%

Q4 FY26 · standalone

-125.1 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

-0.01xYoY

Peers · Power Generation

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Karma Energy LtdKARMAENG
₹45 Cr42.22106.0912.2%4.4%2.6%-1.7%-23.8%
RattanIndia Power LimitedRTNPOWER
₹4,269 Cr37.8610.43-6.5%25.5%2.4%6.1%-35.3%
Gujarat Industries Power Company LimitedGIPCL
₹3,196 Cr6.367.3923.8%52.8%13.7%6.8%+15.8%
Insolation EnerINA
₹2,040 Cr13.0%-58.1%
K.P. EnergyKPEL
₹1,691 Cr9.196.0874.3%19.0%43.5%39.7%-41.0%
Orient Green Power Company LimitedGREENPOWER
₹1,101 Cr17.077.72-0.1%69.5%6.0%7.7%-31.1%

As of Q4 FY26

Financials