Ravindra Energy Limited

NSE: RELTDOther Electrical Equipment

Share price

₹141.49

-1.61% close of 9 Oct 2026

Market cap ₹2,816 CrP/E 46.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,816 Cr

P/E ratio

46.2

P/B ratio

6.8

ROCE

14.4%

ROE

19.0%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹183.0852-week low ₹119.75

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Dec 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Dec 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 46.2× earnings it costs 1.9× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 59.7×, across 5 companies. It is against its own five-year median of 51.9×, the 47th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.7 times its growth rate, on earnings growth of 66%.

	Profit growth	Price per ₹1 profit	Per 1% growth
Ravindra Energy Limited — this one	66%/yr	46.2×	₹0.70
Apar Industries Limited	16%/yr	59.7×	₹3.7
Waaree Energies Limited	99%/yr	16.6×	₹0.17
Premier Energies Limited	365%/yr	24.2×	—
Mtar Technologies Limited	-2%/yr	178.7×	—
Diamond Power Infrastructure Limited	—	115.7×	—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Electrical Equipment), it ranks 24 of 34 on returns, 29 of 30 on growth, 5 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 14.4% on capital, ahead of 29% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹439 crore of cash from the business but spent ₹769 crore on plant and equipment, ₹330 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹164 crore to ₹558 crore. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 10 checks clear · 70%

How the profit check works

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Revenue fell 11.8% year over year and net profit fell 14.6% in Q4 FY26.

Announced 14 Aug 2026 · Consolidated · Audited

Revenue

₹140 Cr

Revenue vs last year

-11.8%

Revenue vs last quarter

+10.4%

Net profit

₹11 Cr

Profit vs last year

-14.6%

Profit vs last quarter

-26.0%

Net margin

7.9%

EPS

₹0.62

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹2,816 Cr
Prev close: ₹141.49
52w High: ₹196
52w Low: ₹117
Enterprise value: ₹3,282 Cr
Beta: 1.3
Price CAGR 1y: -3.0%
Price CAGR 3y: 29.0%
Price CAGR 5y: 26.0%
Price CAGR 10y: 14.0%

Ratios

Return on assets: 6.3%
PEG ratio: 0.7
P/E ratio: 46.2
P/B ratio: 6.8
EV / EBITDA: 23.2
Industry P/E: 32.5
ROCE: 14.4%
ROCE 5y average: 12.0%
ROE: 19.0%
Debt / Equity: 1.4
Interest coverage: 3.2
Dividend yield: 0.0%
ROE 3y average: 15.0%
ROE last year: 19.0%

Annual P&L

Annual revenue: ₹564 Cr
Annual profit: ₹71 Cr
Operating margin: 23.0%
Net profit margin: 12.6%
EBITDA margin: 22.9%
Sales growth 3y: 30.6%
Sales growth 5y: 13.2%
Profit growth 3y: 66.0%
Profit growth 5y: 68.0%
EPS: ₹3.6
Sales growth TTM: 28.0%
Profit growth TTM: 13.0%
Dividend payout: 0.0%

Quarter P&L

Sales latest quarter: ₹120 Cr
Profit latest quarter: ₹2 Cr
YoY quarterly sales growth: -26.2%
YoY quarterly profit growth: -92.8%
OPM latest quarter: 31.8%

Balance Sheet

Book Value: ₹20.7
Face Value: ₹10.0
Total debt: ₹558 Cr
Total cash: ₹92 Cr
Borrowings: ₹558 Cr
Reserves / Equity: 1.3

Cash Flow

Operating cash flow: ₹166 Cr
Free cash flow: -₹281 Cr
FCF yield: -11.2%
Net cash flow: ₹7 Cr

Shareholding

Promoter holding: 58.3%
FII holding: 3.3%
DII holding: 3.0%
Public holding: 35.5%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Apar Inds.	17,781.65	61.8	74,456	0.33	467.5	77.8	6,591.1	29.1	31.8
Waaree Energies	2,324.00	16.6	66,850	0.17	891.9	14.1	7,931.8	79.2	38.5
Premier Energies	884.70	24.1	40,161	0.11	471.9	50.5	2,462.6	35.3	32.7
MTAR Technologie	7,700.00	172.5	23,685	0.00	50.5	349.7	360.7	130.4	15.2
Diamond Power	357.40	115.2	21,375	0.00	57.1	197.8	707.3	133.0	10.4
Emmvee Photovol.	302.15	16.4	20,919	0.33	380.3	102.6	1,555.5	51.3	44.6
Avalon Tech	2,349.60	117.6	15,715	0.00	34.9	145.4	484.4	49.8	19.3
Ravindra Energy	143.35	47.7	2,846	0.00	1.6	-92.8	120.0	-26.2	14.4
Median	295.05	25.4	748	0.00	8.1	29.5	135.6	32.4	21.5

Competes with: Apar Industries Limited, Avalon Technologies Limited, Diamond Power Infrastructure Limited, Emmvee Photovoltaic Power Limited, Fujiyama Power Systems Limited, Genus Power Infrastructures Limited, Mtar Technologies Limited, Premier Energies Limited, Vikram Solar Limited, Waaree Energies Limited, Waaree Renewable Technologies Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026

Line item	Jun 2023	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	58	27	16	30	23	16	53	159	163	120	127	133	120
Expenses	47	20	9.14	22	15	15	46	132	135	83	95	99	82
Material Cost								101	99	49	70	67	46
Change in Inventories								0	0	0	0	0	0
Purchases of Stock-in-Trade								5.08	6.55	6.72	3.48	3.97	7.81
Employee Cost								2.81	3.37	3.32	3.35	3.60	3.40
Other Expenses								23	26	24	18	32	25
Operating Profit	11	6.31	7.35	8.55	7.33	0.59	7.15	27	28	37	32	34	38
OPM %	19	24	45	28	32	3.79	13	17	17	31	25	25	32
Other Income	2.02	10	1.92	-63	8.40	3.96	2.59	-8.54	6.04	2.39	4.66	4.89	2.54
Exceptional items (within Other Income)								-15	0.19	0	0	0	0
Interest	3.40	4.24	4.16	4.68	4.52	1.13	2.55	1.77	4.79	7.74	11	12	12
Depreciation	3.10	3.55	3.50	3.23	3.41	1.99	2.77	3.30	4.65	6.12	8.38	8.89	11
Profit before tax	6.36	8.59	1.61	-62	7.80	1.43	4.42	14	24	26	18	18	18
Tax %	46	-0.35	73	1.54	27	9.09	40	0.80	3.39	-19	6.37	3.24	25
Net Profit	3.40	8.63	0.43	-63	5.59	1.15	2.18	13	23	31	15	13	1.64
EPS in Rs	0.22	0.50	0.03	-3.70	0.33	0.07	0.11	0.65	1.15	1.55	0.74	0.64	0.08
Diluted EPS in Rs								0.74	1.33	1.69	0.80	0.62	0.09

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	555	493	621	417	518	719	304	765	253	131	284	564	501
Expenses	540	497	616	447	719	693	289	771	239	97	242	434	359
Material Cost											129	260
Change in Inventories											0	0
Purchases of Stock-in-Trade											25	21
Employee Cost											8.64	13
Other Expenses											45	141
Operating Profit	15	-4	4	-30	-200	26	15	-6	14	34	42	129	141
OPM %	2.80	-0.80	0.70	-7	-39	3.60	4.90	-0.80	6	26	15	23	28
Other Income	14	12	20	-55	39	33	19	65	33	-49	6	12	14
Exceptional items (within Other Income)											-5.38	0.19
Interest	18	14	23	27	33	43	31	18	14	17	9.97	35	42
Depreciation	3	1	1	4	7	7	9	9	11	13	12	29	34
Profit before tax	8	-8	1	-117	-202	9	-6	32	22	-46	27	78	79
Tax %	3	16	245	20	6	39	-216	-16	23	11	15	-2
Net Profit	8	-9	-2	-140	-213	6	7	37	17	-51	22	71	60
EPS in Rs	0.57	-0.66	-0.13	-10	-16	0.44	0.40	2.19	1.02	-3.01	1.08	3.59	3.01
Diluted EPS in Rs											1.32	4
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	0	0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 1%
5 years: 13%
3 years: 31%
TTM: 28%

Compounded profit growth

10 years: 29%
5 years: 68%
3 years: 66%
TTM: 13%

Stock price CAGR

10 years: 14%
5 years: 26%
3 years: 29%
1 year: -3%

Return on equity

10 years: —
5 years: 14%
3 years: 15%
Last year: 19%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated

Line item	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	114	118	118	118	120	120	120	134	138	154	179	179
Reserves	126	119	74	-33	-141	-133	43	69	55	-7	158	233
Borrowings	234	259	255	320	358	373	177	164	117	148	224	558
Other Liabilities	250	316	253	236	228	141	60	85	145	108	87	149
Minority Interest											15	17
Total Liabilities	724	812	700	641	564	501	400	453	455	404	648	1,119
Fixed Assets	191	196	93	239	176	178	174	190	187	257	315	858
CWIP	8	0	57	4	1	1	1	3	31	24	129	22
Investments	121	121	121	59	25	0	0	0	0	0	48	41
Other Assets	404	495	429	339	362	323	225	260	237	123	156	198
Total Assets	724	812	700	641	564	501	400	453	455	404	651	1,119

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated

Line item	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	91	-47	60	55	16	-29	53	19	122	61	71	166
Cash from Investing Activity	-1	9	32	-116	-70	57	1	-23	-30	-81	-159	-437
Cash from Financing Activity	-88	16	-75	55	66	-27	-58	-13	-85	22	147	278
Net Cash Flow	1	-22	17	-7	12	2	-4	-17	7	2	59	7
Free Cash Flow	83	-48	106	-43	74	-39	47	-12	84	-15	-106	-281

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated

Line item	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	28	220	122	189	192	108	156	66	186	176	22	26
Inventory Days	7	1	2	13	4	5	4	1	8	18	10	20
Days Payable	16	135	17	12	41	55	30	18	139	253	66	16
Cash Conversion Cycle	18	86	107	190	154	58	130	48	55	-59	-33	30
Working Capital Days	-8	-74	-64	-118	-97	-55	100	52	105	-16	4	22
ROCE %	5	2	3	-6	-45	23	7	15	10	11	10	14

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026

Line item	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	75	75	75	75	75	65	65	65	65	65	64	58
FIIs	0	0.07	0.08	0.08	0.04	3.19	3.21	2.97	2.59	2.08	1.98	3.27
DIIs	0	0	0	0	0.09	1.36	1.36	1.91	1.91	1.91	2.81	2.99
Public	25	25	25	25	25	31	31	30	31	31	32	35
No. of Shareholders	70,495	71,196	75,856	76,907	82,465	82,908	82,909	83,521	82,575	81,909	80,815	82,798

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -7.2% (₹152.51 → ₹141.49)Brick size ₹6.96 (fixed)Bricks 31

Price moved up one brickPrice moved down one brickLast close ₹141.49 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

466inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Ravindra Energy Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

solar PV modules
solar project equipment/materials (inverters, mounting structures, cabling)

Sells to

Hubli Electricity Supply Co. Ltd (HESCOM) · solar electricity (13 LOAs, 62 MW AC / 71 MW DC decentralized solar, 25-year PPA at ~Rs 2.…
Maharashtra State Electricity Distribution Company Limited · solar electricity (25-year PPA under MSKVY feeder-solarization; MSKVY Phase 1 136 MW DC co…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Capital Goods
Industry: Other Electrical Equipment
Classification: Capital Goods › Other Electrical Equipment
ISIN: INE206N01018

Business segments

Solar · 96%
Trading · 4%

Plants

Ravindra Energy Karnataka Agri Feeder solar projects (14 projects)
Ravindra Energy MSKVY Phase 1 solar portfolio (19 projects)
Ravindra Energy MSKVY Phase 2 solar portfolio (15 projects)
Ravindra Energy Rooftop solar projects & Wind Asset

News impact

Big market events that reach Ravindra Energy Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
bse-history fill: 1880 BSE bars before cutoff, code 504341, seam residual 1.00031× · 30 Jul 2024

Bulk & block deals

Date	Who	Bought / sold	Shares	Price
1 Jun 2026	KHANDEPAR INVESTMENTS PRIVATE LIMITED	SELL	22,00,000	₹118.92

Insider trades

Disclosed	Who	Type	Shares	Value ₹ Cr
7 Oct 2026	Shantanu Lath · Director	SELL	13,500	0.20
1 Oct 2026	Khandepar Investments Private Limited · Promoter	UNKNOWN	7,57,000	11.21
1 Oct 2026	Narendra Madhusudan Murkumbi · Promoter and Director	UNKNOWN	1,00,000	1.48
22 Aug 2026	Khandepar Investments Private Limited · Promoter	UNKNOWN	18,70,800	31.19
22 Aug 2026	Narendra Madhusudan Murkumbi · Promoter and Director	UNKNOWN	3,00,000	5.00
7 Aug 2026	Khandepar Investments Private Limited · Promoter	UNKNOWN	26,30,500	45.16
7 Aug 2026	Narendra Murkumbi · Promoter and Director	UNKNOWN	5,00,000	8.58
29 Apr 2026	Shantanu Lath · Director	EQUITY SHARES	70,00,000	—

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Annual report · 2024-253 Sep 2025

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.