1. India Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Karma Energy Limited

Karma Energy Limited

32.47
INR
-0.78
(-2.35%)
0.77EPS
54.35P/E
481.19MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
27.2
16.8
16.4
25.81
24.17
26.7
27.95
21.66
23.8
11.07
10.68
7.52
8.43
8.59
Basic EPS, GAAP
-1.18
-4.03
-3.93
-0.07
-2.11
-8.62
-0.24
-11.47
-1.84
5.09
0.11
1.21
0.91
0.77
Free Cash Flow per Basic Share
-13.82
0.34
-11.34
4.04
18.75
-0.94
5.56
8.61
-1.38
4.29
3.83
0.28
0.28
- -
Dividend per Share
0.5
0.5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
33.29
29.3
31.31
50.95
70.5
35.74
22.86
8.55
26.11
33.25
33.23
34.42
35.29
- -
Tangible Book Value per Share
19.47
15.49
17.5
32.87
52.42
24.48
11.59
-2.72
26.11
33.25
33.23
34.42
35.29
- -
Basic Weighted Avg Shares
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
315
194
190
299
280
309
323
251
275
128
124
87
98
99
Operating Margin (%)
12.7
-0.24
1.9
22.59
37.9
2.29
20.01
-30.25
0.71
-12.24
2.19
-16.5
-49.57
-41.87
Depreciation Expense
95
65
66
65
63
62
66
63
51
48
29
19
20
20
Net Income, GAAP
-14
-47
-45
-1
-24
-100
-3
-133
-21
59
1
14
10
9
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
3.38
- -
- -
18.16
- -
0.33
- -
- -
Profit Margin (%)
-4.35
-24
-23.96
-0.25
-8.73
-32.3
-0.86
-52.96
-7.72
45.99
1
16.13
10.75
8.9
Working Capital
-283
-465
-322
-359
-31
-208
-444
-572
179
40
71
157
134
- -
LT Debt
505
368
404
225
498
383
253
186
128
11
9
15
11
- -
Total Equity
385
321
434
641
855
430
264
99
302
385
384
398
408
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
5.09
- -
- -
12.11
- -
0.39
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
5.05
- -
- -
14.52
- -
3.82
- -
- -
Return on Common Equity (%)
-3.47
-12.88
-12.97
-0.16
-3.48
-16.24
-0.82
-73.06
-10.6
17.15
0.32
3.59
2.6
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
4
- -
LT Borrowings
- -
6
- -
LT Finance Leases
- -
6
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
580
398
481

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
145
- -
Cash, Cash Equivalents & STI
- -
1
- -
Accounts Receivable, Net
- -
12
- -
Inventories
- -
17
- -
Total Current Liabilities
- -
11
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
4
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.9%
47.77%
2.52%
Free Cash Flow
-114.57%
-125.8%
1.26%
Net Income, GAAP
834.31%
89.39%
-25.25%
Sales/Revenue/Turnover
-2.1%
-12.92%
12.13%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
24
44
9
9
87
2026
31
46
12
9
98
2027
32
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.81
1.49
-1.21
0.13
1.21
2026
0.53
0.91
0.19
-0.71
0.91
2027
0.38
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chetan Durgadas Mehra
Full Time Employees
33
Sector
Utilities
Industry
Electric utilities
Address
Empire House Mumbai MA India 400001
IPO Date
Jun 27, 2011
Website
karmaenergy.co
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Business
Karma Energy Limited engages in the generation of power from renewable sources predominantly through wind farms and small hydro projects in India. The company develops and operates wind farms with an aggregate capacity of 33 MW located in the states of Andhra Pradesh, Maharashtra, and Tamil Nadu; a 3.5 MW hydro power project in Balij-ka-Nala-II, Chamba District, Himachal Pradesh; and additional wind and hydro initiatives spread across Gujarat, Karnataka, and other regions. It also finances infrastructure projects in the renewable energy sector through subsidiaries and joint ventures, including historical involvement in wind electric generator manufacturing via collaborations. Karma Energy Limited, incorporated in 2007 as Karma Wind Power Private Limited and rechristened following a 2010 group restructuring, is headquartered in Mumbai and forms part of the Weizmann Group with interests in textiles and fintech. In a recent strategic diversification, the company acquired 100% of Bay Wind Projects Private Limited in 2024 for INR 1 lakh in a related party transaction, transforming the entity into a wholly owned subsidiary focused on IT park development and BPO operations through land acquisition and leasing, with completion targeted by December 31, 2024. This move alongside ongoing plans to expand renewable capacity to over 350 MW in the coming years underscores its pivot toward diversified revenue streams beyond core power generation.