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Karamtara Engineering Ltd (KARAMTARA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544917 NSE: KARAMTARA Transmission Towers / Equipments | Small Cap | Karamtara Engg. Share Price
₹358.70 -12.00 (-3.24%)
As on 25-Sep'26 16:59
Karamtara Engineering Ltd (KARAMTARA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544917 NSE: KARAMTARA Transmission Towers / Equipments | Small Cap | Karamtara Engg. Share Price
₹358.70 -12.00 (-3.24%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹11,544 Cr.
Current Price
₹358.7
52-Week Low / High
₹320 / 383
TTM EPS
₹7.1
TTM Sales
₹4,312 Cr.
Book Value per Share
₹59
P/E Ratio
50.46
Industry PE
45.3
Price to Book (P/B)
6.08
Price to Sales (P/S)
2.68
EV/EBITDA
24.57
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
20.78%
Outperforms industry median
Return on Capital Employed (ROCE)
24.03%
Outperforms industry median
Return on Assets (ROA)
6.63%
Operating Profit Margin
10.8%
Net Profit Margin
5.31%
Gross Profit Margin
8.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
35.66%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
36.75%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
64.18%
Asset Quality
Promoter Holding
82.01%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,576 Cr.
Equity
₹321.8 Cr.
Face Value
₹10
All Time Low / High
₹320.00 / 382.85
Check Before You Invest
Quality
Somewhat GoodValuation
NACheck Valuation charts
Price Trend
Weak
Is Karamtara Engineering Ltd a good quality company?
Karamtara Engineering Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Karamtara Engineering Ltd performance compare with that of its Peers?
Revenue growth of Karamtara Engineering Ltd vs industry peers?
Karamtara Engineering Ltd revenue CAGR is 32.75%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Karamtara Engineering Ltd?
Promoters hold 82.01% of the Karamtara Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Karamtara Engineering Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Karamtara Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 19.1% | 15.8% | 16.5% | 11.7% | 11.7% | 12.2% | 15% | 25.1% | 24.1% | 21.3% | - |
| Value Creation Index ⓘ | 0.4 | 0.2 | 0.2 | -0.1 | -0.1 | -0.1 | 0.1 | 0.9 | 0.7 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,207 | 1,176 | 1,221 | 877 | 1,016 | 1,224 | 1,577 | 2,403 | 3,109 | 4,217 | 4,217 |
| Sales YoY Gr. | - | -2.5% | 3.8% | -28.2% | 15.8% | 20.5% | 28.8% | 52.4% | 29.4% | 35.7% | - |
| Adj EPS ⓘ | 0.9 | 1 | 1 | 0.7 | -0 | 0.5 | 1.5 | 3.6 | 4.3 | 5.7 | 5.9 |
| YoY Gr. | - | 12.4% | -4% | -25% | -104.2% | NA | 190.2% | 143.2% | 20% | 31.9% | - |
| BVPS (₹) ⓘ | 11.8 | 12.7 | 13.5 | 13.5 | 13.8 | 14.4 | 17.6 | 19.4 | 33.3 | 39.8 | 57.2 |
| Adj Net Profit ⓘ | 25.2 | 28.1 | 27 | 20.4 | -0.9 | 14.5 | 41.7 | 102 | 126 | 167 | 189 |
| Cash Flow from Ops. ⓘ | 82.2 | 3.2 | 23.9 | 25 | -10.5 | 121 | 233 | 25 | 88.2 | 669 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 89.2 | 15.6 | 16.5 | -43.8 | 3.4 | 1.1 | 19.9 | 6.3 | 1.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.9% | 32.9% | 38.8% | 35.7% | ||||
| Adj EPS ⓘ | 22.9% | NA | 56.8% | 31.9% | ||||
| BVPSⓘ | 14.5% | 23.6% | 31.2% | 19.5% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.5 | 8.1 | 7.3 | 5.4 | -0.2 | 3.6 | 9.2 | 19.4 | 16.6 | 15.6 | 12.1 |
| Op. Profit Mgn % ⓘ | 11 | 10.6 | 11.6 | 15.7 | 11.1 | 10.3 | 9.6 | 10.9 | 10.7 | 9.6 | NAN |
| Net Profit Mgn % ⓘ | 2.1 | 2.4 | 2.2 | 2.3 | -0.1 | 1.2 | 2.6 | 4.2 | 4.1 | 4 | 4.5 |
| Debt to Equity ⓘ | 0.8 | 0.8 | 1 | 1.1 | 1.2 | 1 | 0.5 | 0.9 | 0.6 | 0.9 | - |
| Working Cap Days ⓘ | 195 | 209 | 227 | 285 | 272 | 257 | 221 | 162 | 178 | 178 | 0 |
| Cash Conv. Cycle ⓘ | 32 | 44 | 53 | 71 | 76 | 68 | 72 | 55 | 88 | 97 | 0 |
Valuation of Karamtara Engg. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,251 | 1,233 | 1,291 | 916 | 1,046 | 1,245 | 1,600 | 2,425 | 3,158 | 4,312 |
| Operating Expenses ⓘ + | 1,115 | 1,106 | 1,142 | 790 | 930 | 1,117 | 1,447 | 2,162 | 2,818 | 3,846 |
| Operating Profit ⓘ | 135 | 127 | 149 | 126 | 116 | 128 | 154 | 263 | 341 | 466 |
| Operating Profit Margin (%) | 10.8% | 10.3% | 11.5% | 13.8% | 11.1% | 10.3% | 9.6% | 10.8% | 10.8% | 10.8% |
| Other Income ⓘ + | 9 | 6 | 1 | 1 | 16 | 4 | 5 | 4 | 15 | 40 |
| Interest ⓘ | 79 | 59 | 74 | 84 | 82 | 78 | 80 | 95 | 130 | 144 |
| Depreciation ⓘ | 25 | 27 | 30 | 31 | 32 | 31 | 32 | 35 | 38 | 51 |
| Profit Before Tax ⓘ | 41 | 47 | 45 | 17 | 18 | 23 | 47 | 137 | 188 | 311 |
| Tax ⓘ | 15 | 16 | 19 | 3 | 8 | 10 | 4 | 35 | 49 | 82 |
| Profit After Tax | 26 | 31 | 26 | 14 | 11 | 13 | 42 | 103 | 139 | 229 |
| PAT Margin (%) | 2.1% | 2.5% | 2.0% | 1.5% | 1.0% | 1.0% | 2.7% | 4.2% | 4.4% | 5.3% |
| Adjusted EPS (₹) | 0.9 | 1.1 | 0.9 | 0.5 | 0.4 | 0.5 | 1.5 | 3.6 | 4.8 | 7.8 |
| Dividend Payout Ratio (%) | 4.30% | 0% | 21.50% | 0% | 0% | 0% | 0% | 12% | 419.60% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 337 | 362 | 381 | 387 | 396 | 409 | 451 | 553 | 983 | 1,220 | |
| Debt + | 246 | 296 | 377 | 395 | 479 | 385 | 289 | 470 | 509 | 932 | |
| Minority Interest | 0 | 3 | 4 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 364 | 392 | 408 | 359 | 411 | 500 | 450 | 610 | 1,035 | 1,325 | |
| Others Liabilities ⓘ | 176 | 179 | 186 | 196 | 157 | 250 | 347 | 210 | 235 | 664 | |
| Total Liabilities ⓘ | 1,123 | 1,232 | 1,356 | 1,343 | 1,442 | 1,544 | 1,537 | 1,845 | 2,762 | 4,141 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 428 | 439 | 476 | 471 | 468 | 458 | 507 | 573 | 648 | 1,238 | |
| CWIP ⓘ | 9 | 12 | 20 | 11 | 10 | 40 | 16 | 17 | 196 | 485 | |
| Investments ⓘ | 32 | 39 | 40 | 41 | 1 | 1 | 1 | 1 | 4 | 9 | |
| Inventories | 300 | 386 | 405 | 504 | 499 | 550 | 530 | 529 | 692 | 572 | |
| Trade Receivables | 248 | 253 | 302 | 180 | 261 | 298 | 317 | 569 | 935 | 1,316 | |
| Cash Equivalents | 33 | 16 | 18 | 24 | 32 | 28 | 33 | 42 | 63 | 143 | |
| Others Assets ⓘ | 73 | 86 | 96 | 111 | 172 | 170 | 133 | 114 | 225 | 377 | |
| Total Assets ⓘ | 1,123 | 1,232 | 1,356 | 1,343 | 1,442 | 1,544 | 1,537 | 1,845 | 2,762 | 4,141 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 77 | 1 | 20 | 57 | -31 | 182 | 241 | 40 | 103 | 675 |
| Cash Flow From Investing Activity ⓘ + | -55 | -46 | -72 | -33 | -18 | -56 | -61 | -124 | -276 | -959 |
| Cash Flow From Financing Activity ⓘ + | -37 | 29 | 53 | -18 | 57 | -129 | -180 | 88 | 195 | 328 |
| Net Cash Flow ⓘ | -14 | -16 | 1 | 6 | 8 | -4 | -0 | 4 | 21 | 44 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.69 | 8.91 | 6.95 | 3.64 | 2.69 | 3.15 | 9.86 | 20.47 | 18.15 | 20.78 |
| ROCE (%) | 19.04 | 16.45 | 16.43 | 12.78 | 11.95 | 11.86 | 15.72 | 25.29 | 24.47 | 24.03 |
| Asset Turnover Ratio | 1.1 | 1.05 | 1 | 0.78 | 0.75 | 0.83 | 1.04 | 1.43 | 1.37 | 1.25 |
| PAT to CFO Conversion(x) | 2.96 | 0.03 | 0.77 | 4.07 | -2.82 | 14 | 5.74 | 0.39 | 0.74 | 2.95 |
| Working Capital Days | ||||||||||
| Receivable Days | 78.80 | 74.30 | 78.50 | 83.90 | 77.10 | 82 | 70.10 | 66.60 | 86.90 | 95.30 |
| Inventory Days | 90.50 | 101.60 | 111.90 | 158.30 | 175 | 153.70 | 123.10 | 79.70 | 70.50 | 53.50 |
| Payable Days | 160.90 | 157.90 | 170.20 | 237 | 201.90 | 122.40 | 45.60 | 26.40 | 53.80 | 80.70 |
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Karamtara Engineering Ltd FAQs
The current trading price of Karamtara Engg. on 25-Sep-2026 16:59 is ₹358.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Karamtara Engg. stood at ₹11,543.8 Cr
The latest P/E ratio of Karamtara Engg. as of 24-Sep-2026 is 61.06.
The latest P/B ratio of Karamtara Engg. as of 24-Sep-2026 is 6.27.
The 52-week high of Karamtara Engg. is ₹382.9 and the 52-week low is ₹320.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Karamtara Engg. is ₹4,217 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Karamtara Engineering Ltd is a average quality company.
No data found
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Karamtara Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Karamtara Engineering Ltd
The company was incorporated as ‘Karamtara Engineering Private Limited’ as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated May 8, 1996, issued by the Additional Registrar of Companies, Maharashtra at Mumbai. The company was subsequently converted into a public limited company pursuant to the special resolution passed by its Shareholders on December 9, 2024, and the name of the company was changed to ‘Karamtara Engineering Limited’. A fresh certificate of incorporation dated December 16, 2024 was accordingly issued by the Registrar of Companies, Central Processing Centre.
Karamtara Engineering is a backward integrated manufacturer of products for renewable energy and transmission lines sectors. It offers a diverse product portfolio which enables it to serve as a one-stop shop for solar structures (fixed-tilt and trackers). It offers structures and fasteners in the solar energy and transmission sectors, and overhead transmission line (OHTL) hardware fittings and accessories. It has also forayed into the wind energy sector by commencing production of angular towers for wind turbines and tubular towers for wind turbines in March 2025 and June 2025, respectively. The company has a wide geographical footprint with a global delivery model. It has built a strong customer base of international customers, including original equipment manufacturers (OEMs) and engineering, procurement and construction (EPC) companies and independent power producers (IPPs).
The company places key focus on its backward integration capabilities. It also has two in-house rolling mill furnaces to manufacture various grades of structural steel for a wide range of products, including angles, channels and beams used across the solar energy and transmission industries. These in-house facilities provide it with significant competitive advantages in its manufacturing processes, including supply chain advantages, time efficiency and cost benefits.
Business area of the company
The company is engaged in the business of manufacturing Products for renewable energy and transmission lines. The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings.
Products of the company
- Solar Module Mounting Structure
- Torque Tubes
- Tracker Piles & Piers
- Wind Towers
- Transmission Line Towers
- Profiles
- Fasteners
- Hardware Fitting and Accessories
Key awards, accreditations, and recognition
- 2015: Award for ‘Consistent Contribution to Nation Building’ awarded by the Central Excise & Service Tax, Mumbai Zone.
- 2016: Award for contribution in sales tax to the state of Maharashtra awarded by the Sales Tax Department, Government of Maharashtra.
- 2017: ‘Digital Transformation Champion’ award awarded by vCentric Digital Transformation Forum.
- 2024: ‘Certificate of Recognition as a Four Star Export House’ awarded by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
- 2026: Recognized as one of the ‘Best Organisations to Work 2026’ by ET Edge.
Major events and milestones
- 1996: Incorporation of the company.
- 1998: The company commenced manufacturing of transmission towers at its manufacturing facility (1) at Tarapur in Maharashtra, India.
- 2004: The company sets up a new manufacturing facility (2) at Tarapur in Maharashtra, India, through Karamtara Fasteners, which has since been amalgamated into the company.
- 2006: The company commenced manufacturing of telecom towers at its manufacturing facility (1) at Tarapur in Maharashtra, India.
- 2008: The company sets up a new manufacturing facility (3) at Tarapur in Maharashtra, India, through Karamtara Steel, which has since been amalgamated into the company.
- 2010: The company commenced manufacturing of 765kV class of transmission towers.
- 2011: The company acquired a structural steel profiles rolling mill (4) at Nagpur in Maharashtra, India.
- 2011: Incorporation of Subsidiary, Karamtara Italy SRL, in Italy.
- 2011: The company’s Subsidiary, Karamtara Italy SRL, acquired its indirect subsidiary, Iselfa Morsetteria SRL, including its manufacturing plant for hardware fittings and accessories in Milan, Italy.
- 2013: The company commenced manufacturing of overhead transmission lines at Unit OHTL Fittings at Tarapur in Maharashtra, India.
- 2015: The company commenced manufacturing of solar module mounting structures at Unit Solar MMS at Tarapur in Maharashtra, India.
- 2017: Incorporation of Subsidiary, Karamtara USA Inc., in the United States of America.
- 2019: The company commenced manufacturing of solar piers at Tarapur in Maharashtra, India.
- 2023: The company commenced manufacturing of torque tubes for solar energy at manufacturing facility (5) at Tarapur in Maharashtra, India.
- 2024: Incorporation of Subsidiary, Karamtara Renewables Saudi Limited, in the Kingdom of Saudi Arabia.
- 2025: Incorporation of Subsidiary, Karamtara Green Energy Limited.
- 2025: The company commenced manufacturing of wind tubular towers at Taluka Bhachau, Kutch in Gujarat, India.
- 2025: The company commenced manufacturing of angular towers for wind turbines at Tarapur in Maharashtra, India.
- 2026: Incorporation of Subsidiary, Hanwant Manbir Singh Foundation, in India.
- 2026: The company commenced manufacturing of plates at Kumbhavali in Maharashtra, India.
- 2026: The company commenced manufacturing of solar module mounting structures at Bhachau in Gujarat, India.
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