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Karma Energy Ltd (KARMAENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533451 NSE: KARMAENG Power Generation/Distribution | Small Cap | Karma Energy Share Price

₹44 2.95 (7.19%)

As on 06-Jul'26 16:59

Karma Energy Ltd (KARMAENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533451 NSE: KARMAENG Power Generation/Distribution | Small Cap | Karma Energy Share Price

₹44 2.95 (7.19%)

As on 06-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹51 Cr.
Current Price
₹44
52-Week Low / High
₹35 / 76
TTM EPS
₹0.9
TTM Sales
₹9.8 Cr.
Book Value per Share
₹35.3
P/E Ratio
48.52
Higher than its 5-year historical median
Industry PE
29.5
Price to Book (P/B)
1.25
In line with its 5-year historical median
Price to Sales (P/S)
5.22
Higher than its 5-year historical median
EV/EBITDA
119.57
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.60%
Outperforms industry median
Return on Capital Employed (ROCE)
-1.88%
Underperforms industry median
Return on Assets (ROA)
2.12%
Operating Profit Margin
-29.3%
Net Profit Margin
10.75%
Gross Profit Margin
2.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
12.18%
Operating Profit Growth (1 Year)
-
-721.74%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-25%
Asset Quality
Promoter Holding
74.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹29 Cr.
Equity
₹11.6 Cr.
Face Value
₹10
All Time Low / High
₹7.60 / 106.42

Karma Energy stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Karma Energy Ltd a good quality company?
Karma Energy 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 Karma Energy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Karma Energy Ltd vs industry peers?
Karma Energy Ltd revenue CAGR is -24.68%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Karma Energy Ltd?
Promoters hold 74.70% of the Karma Energy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Karma Energy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Karma Energy 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 6%2.8%-1.5%5.1%-6.1%1.6%18.3%0.2%3.9%-1.9%-
Value Creation
Index
-0.6-0.8-1.1-0.6-1.4-0.90.3-1.0-0.7-1.1-

Growth Parameters

Sales 27.533.529.135.923.127.512.812.48.79.810
Sales YoY Gr.-22%-13.1%23.3%-35.7%19.3%-53.5%-3.6%-29.6%12.2%-
Adj EPS 1.5-1.1-2.40-9.3-1.91.90.60.5-0.70.9
YoY Gr.--171.2%NANA-92600%NANA-67%-25%-247.9%-
BVPS (₹) 47.663.741.339.628.126.133.333.234.435.335.3
Adj Net
Profit
1.8-1.3-2.80-10.7-2.12.20.70.6-0.81
Cash Flow from Ops. 19.114.15.74.711.1-1.654.41.71.9-
Debt/CF from Ops. 3.13.19.914.95.7-11100.60.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -10.9%-15.8%-8.7%12.2%
Adj EPS -191.8%NA-171.5%-247.9%
BVPS-3.3%4.6%2%2.5%
Share Price 8.9% 20.3% 1.3% -37.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3.7-2-4.60-27.3-6.86.51.91.4-22.6
Op. Profit
Mgn %
38.823.613.327.8-7.919.225265.3-29.3-29.4
Net Profit
Mgn %
6.5-3.8-9.50-46.4-7.817.566.4-8.410.8
Debt to
Equity
1.10.61.21.520.60.10000
Working Cap
Days
420240187169247198462419791716469
Cash Conv.
Cycle
342171109133200138345332387208421

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales27.4733.5029.1135.8823.0727.5312.8112.358.709.76
Operating Expenses + 16.8025.6025.2325.8924.8822.259.6110.288.2512.62
Manufacturing Costs8.3315.9418.8919.8619.7217.064.594.053.176.64
Material Costs0000000000
Employee Cost 3.422.363.042.612.392.722.872.9432.88
Other Costs 5.057.313.313.422.772.462.153.282.073.10
Operating Profit 10.677.893.889.98-1.825.293.202.070.46-2.86
Operating Profit Margin (%) 38.8%23.6%13.3%27.8%-7.9%19.2%25.0%16.8%5.2%-29.3%
Other Income + 1.150.311.950.990.490.955.250.962.743.30
Exceptional Items 00-2.480004.7200.260.81
Interest 7.774.504.225.355.253.411.140.120.150.16
Depreciation 4.984.984.965.425.115.094.832.941.892.02
Profit Before Tax -0.93-1.28-5.840.20-11.69-2.267.20-0.031.41-0.94
Tax -2.79-0.16-1.590.03-1-0.131.31-0.150-1.99
Profit After Tax 1.85-1.12-4.250.17-10.69-2.135.890.121.401.05
PAT Margin (%) 6.8%-3.4%-14.6%0.5%-46.4%-7.7%46.0%1.0%16.1%10.8%
Adjusted EPS (₹)1.6-1.0-3.70.2-9.2-1.85.10.11.20.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Karma Energy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 55.0573.6947.7445.8232.5630.2138.4738.4439.8240.83
Share Capital 11.5711.5711.5711.5711.5711.5711.5711.5711.5711.57
Reserves 43.4862.1236.1734.2520.9918.6426.9026.8728.2529.26
Debt +45.2835.7648.3759.4956.9111.755.080.010.790.55
Long Term Debt6.4835.7632.1923.8717.2811.54000.790.55
Short Term Debt38.80016.1735.6239.630.215.080.0100
Minority Interest0000000000
Trade Payables0.820.790.300.150.270.420.240.870.760.09
Others Liabilities 32.4532.0323.3625.8222.8121.0211.6710.7210.625.60
Total Liabilities 133.60142.27119.77131.28112.5663.4055.4750.045247.06

Fixed Assets

Net Fixed Assets +47.8942.9245.1042.3137.4632.3727.3823.2922.0621.21
Gross Block153.95153.96161.04163.68164.51164.43161.58158.65152.18145.58
Accumulated Depreciation106.06111.04115.94121.37127.05132.06134.21135.35130.12124.36
CWIP 0.370.320.330000000
Investments 53.1378.6149.8858.9952.421.8813.5212.545.7611.06
Inventories0.540.480.480.422.522.392.032.041.961.65
Trade Receivables25.057.629.9115.866.799.9110.569.176.961.23
Cash Equivalents 4.154.4110.5810.5410.92110.290.090.580.11
Others Assets 2.467.913.493.152.445.851.682.9114.6811.80
Total Assets 133.60142.27119.77131.28112.5663.4055.4750.045247.06

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 19.0814.135.724.6711.08-1.594.964.431.661.93
PBT -0.93-1.28-3.360.20-11.69-2.267.20-0.031.41-0.94
Adjustment 8.4714.328.1410.349.907.94-3.823.32-0.76-0.31
Changes in Working Capital 12.832.282.38-5.7514-7.212.981.951.433.78
Tax Paid -1.29-1.18-1.44-0.11-1.13-0.05-1.40-0.81-0.42-0.60
Cash Flow From Investing Activity + -4.263.98-10.63-19.400.1250.698.550.69-1.89-1.82
Capex -0.01-0-7.15-1.08-0.22-00.430-0.19-0.80
Net Investments -12.180-3.89-19.09-0.1415.13-1.131.457.27-4.92
Others 7.933.980.410.770.4835.569.25-0.76-8.973.90
Cash Flow From Financing Activity + -15.06-14.028.127.56-11.03-49.39-13.49-5.320.72-0.58
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -13.5429.28-3.83-6.47-10.28-6.48-17.2501.04-0.25
Interest Paid 0-4.50-4.22-5.20-5.11-3.28-1-0.01-0.05-0.08
Dividend Paid 0000000000
Others -1.53-38.8016.1719.244.37-39.634.76-5.32-0.27-0.26
Net Cash Flow -0.244.093.21-7.160.17-0.300.02-0.200.49-0.47

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)3.84-1.74-70.37-27.28-6.7717.150.323.592.6
ROCE (%)5.962.77-1.455.05-6.091.618.290.213.93-1.88
Asset Turnover Ratio0.20.240.220.290.190.310.220.230.170.2
PAT to CFO Conversion(x)10.31N/AN/A27.47N/AN/A0.8436.921.191.84
Working Capital Days
Receivable Days369.50178109.90131.10179.30110.70291.80291.70338.30153.10
Inventory Days7.405.606.104.6023.3032.6063.1060.1083.9067.60
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Karma Energy Ltd FAQs

The current trading price of Karma Energy on 06-Jul-2026 16:59 is ₹44.00.

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 05-Jul-2026 the market cap of Karma Energy stood at ₹50.91 Cr

The latest P/E ratio of Karma Energy as of 05-Jul-2026 is 48.52.

The latest P/B ratio of Karma Energy as of 05-Jul-2026 is 1.25.

The 52-week high of Karma Energy is ₹75.85 and the 52-week low is ₹35.32.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Karma Energy is ₹9.76 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Karma Energy Ltd is a average quality company.

The key valuation ratios of Karma Energy Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Karma Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Karma Energy Ltd

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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