Karamtara Engineering
Key Fundamentals
MicrocapPrice-based figures as of 13 Oct 2026, 15:29 IST · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
Key Insights
Strengths
1- Company has delivered good profit growth of 85.4% CAGR over last 5 years
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 11% · Jun 2026
AI Analysis — Bull vs Bear
As of the 2026-10-07 close, Karamtara Engineering Ltd traded at ₹416.65, giving a market capitalisation of ₹13,408.75 crore. That price is 6.2% below its 52-week high of ₹444 and 30.2% above its 52-week low of ₹320. Growth has been strong: sales have compounded at 37% TTM and 39% over 3 years, and profit at 75% TTM and 85% over 5 years. Against that, the stock trades at a TTM P/E of 65.1 and a P/B of 7.07, carries a debt-to-equity ratio of 0.91, and pays no dividend.
- Profit has compounded at 85% CAGR over 5 years and 75% over both 3 years and TTM. That is much faster than sales growth of 33% over 5 years, which points to operating leverage and wider margins as the business has scaled.
- Revenue growth has stayed high across every period in the data: 37% TTM, 39% over 3 years and 33% over 5 years. This suggests strong order execution in the transmission and renewable-structures segments, not a one-off spike.
- ROCE of 21.77% and ROE of 18.75% show the company earns healthy returns on the capital it uses, even though its balance sheet is capital-intensive.
- The TTM P/E of 65.1 looks high, but dividing it by TTM profit growth of 75% gives a growth-adjusted P/E (PEG) of about 0.87. On that basis, the multiple looks less stretched if growth continues.
- ROE has been 20% over 3 years and 21% last year, up from a 16% average over 5 years. Profitability has improved compared with the longer history.
- At ₹416.65, the stock is within 6.2% of its 52-week high of ₹444 and 30.2% above its 52-week low of ₹320. Over the past year, the market has priced the stock steadily higher.
- ROCE of 21.77% is above ROE of 18.75%, which suggests the borrowed capital (debt-to-equity 0.91) is currently earning more than it costs.
- The TTM P/E of 65.1 implies an earnings yield of about 1.5%, and the P/B of 7.07 is about 7x book value per share (roughly ₹59). The current price assumes high growth continues, which leaves little room for any earnings disappointment.
- Debt-to-equity of 0.91 is high for a company valued at ₹13,408.75 crore. Engineering and EPC-style businesses tie up a lot of working capital, so higher interest costs or slower collections could squeeze cash flows.
- Profit growth of 75–85% is running at more than twice the 33–39% pace of sales growth. Margin gains like this tend to normalise, and growth could slow sharply once operating leverage is used up.
- ROE has fallen to 18.75% (TTM) from 21% last year and a 20% 3-year average. Returns are easing even as the company grows.
- The dividend yield is 0%, so shareholders depend entirely on share-price gains for returns, and there is no income cushion if the stock falls.
- There is no 10-year sales, profit or ROE history and no stock-return (CAGR) data for any period. The company's track record as a listed company is short, and it has not been tested through a full cycle of capex and commodity prices.
- TTM EPS is ₹6.4, which works out to roughly ₹206 crore of implied net profit against a ₹13,408.75 crore market cap. The valuation rests on a fairly small earnings base that is exposed to steel and zinc prices and to delays in transmission projects.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- EBITDA margin contracts 205 bps Oct 6
Q1FY27 EBITDA margin fell to 11.0% from 13.05% YoY even though revenue grew 72%, which points to cost pressure or a less favourable product mix.
- Heavy US and solar concentration Oct 6
International sales were 66% of Q1FY27 revenue, with the US as the key market, and solar products made up 80% of sales. This leaves the company exposed to US trade policy, tariffs and solar demand cycles.
- Net profit jumps 45% YoY Oct 6
Q1FY27 net profit rose 45% YoY to ₹87.4 crore. Note that the reported ₹158 crore revenue would imply a net margin above 50%, which doesn't fit with an 11% EBITDA margin, so check these figures against the exchange filing.
- Solar-led 72% revenue growth Oct 6
Q1FY27 revenue grew 72% YoY to ₹158 crore as reported, mainly from solar products at 80% of sales.
- Q1FY27 earnings call scheduled Oct 1
Management will host an analyst call on October 7, 2026 at 11:00 am IST. Comments there on margins and US demand will be the key thing to watch.
- New CS and Compliance Officer Oct 3
Manoj Kumar Srivastava, who is also VP-Legal, was appointed Company Secretary and Compliance Officer effective June 12, 2026.
- MUFG Intime named RTA Oct 3
MUFG Intime India Private Limited was appointed Registrar and Share Transfer Agent under SEBI Listing Regulations.
- SEBI fair disclosure code adopted Oct 3
The board approved a Code of Practices for Fair Disclosure of UPSI under the SEBI PIT Regulations 2015. It requires a structured digital database and need-to-know sharing of sensitive information.
TL;DR: Karamtara posted strong Q1FY27 growth, with net profit up 45% YoY to ₹87.4 crore and revenue up 72%, mostly from solar products. The weak spots are a 205 bps fall in EBITDA margin to 11.0% and heavy reliance on US exports and solar, at 66% and 80% of sales. The reported revenue and profit figures don't fit together, so confirm them in the filing. Growth is clearly improving but profitability is slipping, and the October 7 earnings call should show whether margins can recover and how exposed the company is to US tariffs.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 918 | 1,257 | 1,581 |
| Expenses | 798 | 1,151 | 1,407 |
| Operating Profit | 120 | 106 | 174 |
| OPM % | 13% | 8% | 11% |
| Other Income | 1 | 2 | 4 |
| Interest | 30 | 41 | 41 |
| Depreciation | 10 | 15 | 20 |
| PBT | 81 | 51 | 117 |
| Tax % | 26% | 25% | 25% |
| Net Profit | 60 | 38 | 87 |
| EPS (₹) | 2.06 | 1.31 | 2.99 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 1,046 | 1,245 | 1,600 | 2,425 | 3,158 | 4,312 |
| Expenses | 930 | 1,115 | 1,446 | 2,161 | 2,812 | 3,812 |
| Operating Profit | 116 | 130 | 155 | 264 | 347 | 500 |
| OPM % | 11% | 10% | 10% | 11% | 11% | 12% |
| Other Income | 16 | 2 | 0 | 1 | 7 | 2 |
| Interest | 82 | 78 | 76 | 93 | 128 | 141 |
| Depreciation | 32 | 31 | 32 | 35 | 38 | 51 |
| PBT | 18 | 23 | 47 | 137 | 188 | 311 |
| Tax % | 42% | 45% | 9% | 25% | 26% | 26% |
| Net Profit | 10 | 13 | 42 | 103 | 139 | 229 |
| EPS (₹) | 18.98 | 22.86 | 76.57 | 186 | 4.77 | 7.83 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 292 | 292 |
| Reserves | 390 | 404 | 445 | 548 | 691 | 928 |
| Borrowings | 479 | 429 | 328 | 509 | 559 | 1,105 |
| Other Liabilities | 568 | 706 | 758 | 783 | 1,220 | 1,816 |
| Total Liabilities | 1,442 | 1,544 | 1,537 | 1,845 | 2,762 | 4,141 |
| Fixed Assets | 508 | 499 | 548 | 621 | 648 | 1,238 |
| CWIP | 10 | 40 | 16 | 17 | 196 | 485 |
| Investments | 1 | 1 | 1 | 1 | 4 | 9 |
| Other Assets | 923 | 1,004 | 972 | 1,206 | 1,914 | 2,408 |
| Total Assets | 1,442 | 1,544 | 1,537 | 1,845 | 2,762 | 4,141 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -31 | 182 | 241 | 40 | 103 | 675 |
| Investing | -18 | -56 | -61 | -124 | -276 | -959 |
| Financing | 57 | -129 | -180 | 88 | 195 | 328 |
| Net Cash Flow | 8 | -4 | 0 | 4 | 21 | 44 |
| Free Cash Flow | -58 | 126 | 181 | -74 | -221 | -247 |
| CFO/OP | -27 | 146 | 161 | 23 | 43 | 152 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 91 | 87 | 72 | 86 | 108 | 111 |
| Inventory Days | 262 | 158 | 135 | 95 | 120 | 84 |
| Days Payable | 215 | 144 | 115 | 109 | 179 | 194 |
| Cash Conversion Cycle | 137 | 102 | 93 | 71 | 48 | 1 |
| Working Capital Days | 27 | 24 | 28 | 12 | 28 | 3 |
| ROCE % | — | 12% | 15% | 25% | 24% | 23% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY21–FY26.
Documents
Frequently Asked Questions about Karamtara Engineering
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Company Information
Incorporated in 1996, Karamtara Engineering Limited manufactures products for renewable energy and transmission lines.[1]
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