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    Renewable Utilities
Karma Energy Limited

Karma Energy Limited

KARMAENG.BO
Karma Energy LimitedIN flagBombay Stock Exchange
43.00
INR
-1.98
- -
497.51MMarket Cap
Karma Energy Limited
KARMAENG.BO
(Bombay Stock Exchange)

Recent

price

43.74

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.82
23.24
27.4
27.2
16.8
16.4
25.81
24.17
26.7
27.95
21.66
23.8
11.07
10.68
7.52
8.57
Revenue per Share
0.5
0.32
-0.86
-1.18
-4.03
-3.93
-0.07
-2.11
-8.62
-0.24
-11.47
-1.84
5.09
0.11
1.35
1.9
Basic EPS, GAAP
- -
-9.67
7.56
-13.82
0.34
-11.34
4.04
18.75
-0.94
5.56
8.61
-1.38
4.29
3.83
0.28
- -
Free Cash Flow per Basic Share
- -
0.58
0.5
0.5
0.5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
9.97
9.11
7.67
5.95
1.97
-3.37
8.19
6.45
-5.54
-14.76
-27.68
-4.63
3.84
4
5.38
- -
Book Value per Share
23.53
22.81
20.14
19.49
13.91
23.73
37.36
55.8
25.86
11.59
-2.72
26.11
33.25
33.23
34.55
- -
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
11
Basic Weighted Avg Shares
171
269
317
315
194
190
299
280
309
323
251
275
128
124
87
98
Sales/Revenue/Turnover
15.41
43.02
28.17
12.7
-0.24
1.9
22.59
37.9
2.29
20.01
-30.25
0.71
-12.24
2.19
-14.71
-28.4
Operating Margin (%)
78
80
93
95
65
66
65
63
62
66
63
51
48
29
19
20
Depreciation Expense
6
4
-10
-14
-47
-45
-1
-24
-100
-3
-133
-21
59
1
16
22
Net Income, GAAP
- -
80.35
- -
- -
- -
- -
- -
- -
- -
3.38
- -
- -
18.16
- -
0.29
58.67
Effective Tax Rate (%)
3.4
1.37
-3.16
-4.35
-24
-23.96
-0.25
-8.73
-32.3
-0.86
-52.96
-7.72
45.99
1
17.92
22.16
Profit Margin (%)
-269
-44
-143
-283
-465
-322
-359
-31
-208
-444
-572
179
40
71
158
- -
Working Capital
442
710
618
505
368
404
225
498
383
253
186
128
11
9
15
- -
LT Debt
491
483
452
385
321
434
641
855
430
264
99
302
385
384
400
- -
Total Equity
- -
1.89
- -
- -
- -
- -
- -
- -
- -
4.91
- -
- -
-2.66
- -
-2.99
- -
Return on Invested Capital (%)
- -
0.35
- -
- -
- -
- -
- -
- -
- -
7.89
- -
- -
56.33
- -
24.62
5.72
Return on Capital (%)
- -
3.35
-10.31
-17.37
-101.84
- -
- -
-28.84
- -
- -
- -
- -
- -
2.73
28.73
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
4
- -
LT Borrowings
- -
7
- -
LT Finance Leases
- -
7
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
12
- -
Market Capitalization
821
682
574

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
202
- -
Cash, Cash Equivalents & STI
- -
3
- -
Accounts Receivable, Net
- -
56
- -
Inventories
- -
18
- -
Total Current Liabilities
- -
42
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
4
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.23%
34.83%
4%
Free Cash Flow
-453.99%
-115.08%
-92.81%
Net Income, GAAP
849.15%
1,050.05%
1,156.73%
Sales/Revenue/Turnover
-3.55%
-19.84%
-29.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35
63
15
10
124
2025
24
44
9
9
87
2026
31
46
12
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
2.22
-0.86
- -
0.11
2025
0.81
1.49
-1.21
- -
1.35
2026
0.53
0.91
0.19
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Karma Energy Limited engages primarily in the development, operation, and management of renewable energy projects, with a focus on wind power and small hydro power generation. The company manufactures and operates wind farms with an installed capacity of 33 MW across various Indian states including Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Maharashtra, and Tamil Nadu. Its core products and services encompass wind turbine operations, hydro power projects, solar consultancy, and renewable energy infrastructure development. Established in 2007 and headquartered in Mumbai, Karma Energy is part of the Weizmann Group and leverages its expertise to advance sustainable energy solutions. Recently, the company has made a strategic pivot by acquiring Bay Wind Projects Private Limited to diversify into IT park development and business process outsourcing (BPO) operations, thus broadening its portfolio beyond renewable energy into infrastructure development for the IT sector. This acquisition marks a major strategic shift enabling Karma Energy to tap into emerging opportunities in IT infrastructure through land acquisition and leasing, aiming to mitigate business risks and enhance growth prospects. This move complements ongoing renewable energy operations and underscores the company's evolving business model in response to market demands and growth opportunities.