Ravindra Energy Ltd
RELTD NSE
Ravindra Energy Ltd
Commercial ServicesNSE: RELTD BSE: 504341 Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹3,320 Cr
Volatility
Moderate
P/E Ratio
54.72
EBITDA
₹131 Cr
Return on Equity
6.58%
Debt to Equity
1.19
Book Value
₹31.37
52W High
₹196.45
52W Low
₹114.59
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ravindra Energy Ltd insights
45 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 71.8% CAGR over last 5 years
- Debtor days have improved from 75.9 to 26.8 days.
Weaknesses
4- Stock is trading at 7.74 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.40%
- Tax rate seems low
Growth Rate
Revenue Growth
107.17% ↗
Net Income Growth
261.80% ↗
Cash Flow Change
16.46% ↗
ROE
-121.37% ↘
ROCE
-166.91% ↘
EBITDA Margin (Avg.)
12.91% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 39d agoAI opinion · based on fundamentals
Risk high
Ravindra Energy Ltd is a ₹3,395 Cr market cap industrials company trading at a PE of 41.2x and 5.35x book value. The company has delivered explosive TTM sales growth of 117% and profit growth of 207%, with a 5-year profit CAGR of 72%, though it pays no dividend and key profitability ratios like ROCE remain undisclosed.
Bull Case 8
- TTM sales growth of 117% indicates a sharp acceleration in revenue momentum compared to 3-year CAGR of 29%
- TTM profit growth of 207% demonstrates significant operating leverage and margin expansion
- 5-year compounded profit growth of 72% CAGR reflects sustained long-term earnings trajectory
- ROE improved to 21% in the last year from a 3-year average of 16%, showing rising capital efficiency
- Debtor days improved from 75.9 to 26.8 days, indicating stronger working capital management and faster collections
- Stock CAGR of 52% over 3 years reflects strong market recognition of the business turnaround
- 3-year compounded sales growth of 29% shows the revenue acceleration is not just a one-quarter phenomenon
- Company is expected to deliver a good quarter based on forward indicators
Bear Case 8
- PE of 41.2x is elevated for an industrials company, pricing in significant future growth already
- Stock trades at 7.88x book value (PB 5.35x reported, 7.88x cited in pros/cons), well above typical industrials valuations
- Zero dividend yield despite reporting repeated profits suggests shareholders receive no direct cash return
- Promoter holding decreased by 1.11% in the last quarter, signaling potential insider confidence concerns
- 10-year sales CAGR of just 1% suggests the recent growth spurt lacks a long historical track record
- Key financial ratios including ROCE and debt-to-equity are undisclosed, limiting full financial health assessment
- Tax rate appears low, which could normalize upward in future periods and compress net margins
- 5-year stock CAGR of 19% vs 3-year CAGR of 52% shows most returns are recent, raising sustainability questions
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 39d ago Headwinds 2
- Promoter pledges 32% stake Jun 18
Khandepar Investments pledged 76.10 lakh equity shares worth ₹111.01 crore, representing 32.29% of Ravindra Energy. Large promoter pledges signal potential financial stress or margin calls.
- Promoter renounces rights entitlements Jun 20
Khandepar Investments renounced 35.85 lakh rights entitlements, reducing its holding to 14.25%. Promoter not subscribing to the rights issue raises concerns about commitment and dilution.
Positives 2
- Rs 150 cr investment in EIM Jun 30
Ravindra Energy invested Rs 150 crore in associate Energy In Motion Limited via a rights issue, increasing its stake to 49.54%. Deepens exposure to the EV logistics business.
- 45 electric trucks deployed Jun 16
Associate EIM and PPL deployed 45 electric trucks for UltraTech Cement, reducing 8,900 tons of CO2 annually. Demonstrates commercial traction in the EV freight segment.
Neutral 1
- Rights issue closed at Rs 2,050 mn Jun 24
Ravindra Energy closed its rights issue on June 24, 2026, aiming to raise Rs 2,050 million. Final issue size was revised to ₹2,005.35 million for 19,854,940 shares after fractional adjustments.
TL;DR: Ravindra Energy is actively building its EV logistics vertical through its associate EIM, with tangible deployments for blue-chip clients like UltraTech Cement. The Rs 2,050 mn rights issue provides growth capital, but the promoter's simultaneous share pledge and renunciation of entitlements (reducing holding to 14.25%) raises governance and dilution concerns. The EV freight pivot is promising but still early-stage, and promoter actions bear close monitoring in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57.78 | 26.58 | 16.49 | 30.12 | 22.71 | 15.58 | 53.14 | 159 | 163 | 120 | 127 | 133 | 120 |
| Expenses | 46.94 | 20.27 | 9.14 | 21.57 | 15.38 | 14.99 | 45.99 | 132 | 135 | 83.08 | 94.88 | 99.43 | 81.87 |
| Operating Profit | 10.84 | 6.31 | 7.35 | 8.55 | 7.33 | 0.59 | 7.15 | 27.37 | 27.87 | 37.25 | 32.29 | 33.63 | 38.1 |
| OPM % | 18.76% | 23.74% | 44.57% | 28.39% | 32.28% | 3.79% | 13.46% | 17.21% | 17.14% | 30.96% | 25.39% | 25.27% | 31.76% |
| Other Income | 2.02 | 10.07 | 1.92 | -63.04 | 8.4 | 3.96 | 2.59 | -8.54 | 6.04 | 2.39 | 4.66 | 4.89 | 2.54 |
| Interest | 3.4 | 4.24 | 4.16 | 4.68 | 4.52 | 1.13 | 2.55 | 1.77 | 4.79 | 7.74 | 10.53 | 11.74 | 12.28 |
| Depreciation | 3.1 | 3.55 | 3.5 | 3.23 | 3.41 | 1.99 | 2.77 | 3.3 | 4.65 | 6.12 | 8.38 | 8.89 | 10.65 |
| PBT | 6.36 | 8.59 | 1.61 | -62.4 | 7.8 | 1.43 | 4.42 | 13.76 | 24.47 | 25.78 | 18.04 | 17.89 | 17.71 |
| Tax % | 45.6% | -0.35% | 73.29% | 1.54% | 26.92% | 9.09% | 40.05% | 0.8% | 3.39% | -19.28% | 6.37% | 3.24% | 24.51% |
| Net Profit | 3.4 | 8.63 | 0.43 | -63.4 | 5.59 | 1.15 | 2.18 | 12.9 | 22.79 | 30.79 | 14.64 | 12.62 | 1.64 |
| EPS in Rs | 0.22 | 0.5 | 0.03 | -3.7 | 0.33 | 0.07 | 0.11 | 0.65 | 1.15 | 1.55 | 0.74 | 0.64 | 0.08 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 555 | 493 | 621 | 417 | 518 | 719 | 304 | 765 | 253 | 131 | 250 | 543 | 501 |
| Expenses | 540 | 497 | 616 | 447 | 719 | 693 | 289 | 771 | 239 | 97 | 208 | 412 | 359 |
| Operating Profit | 15 | -4 | 4 | -30 | -200 | 26 | 15 | -6 | 14 | 34 | 43 | 131 | 141 |
| OPM % | 2.8% | -0.8% | 0.7% | -7% | -39% | 3.6% | 4.9% | -0.8% | 6% | 26% | 17% | 24% | 28% |
| Other Income | 14 | 12 | 20 | -55 | 39 | 33 | 19 | 65 | 33 | -49 | 6 | 18 | 14 |
| Interest | 18 | 14 | 23 | 27 | 33 | 43 | 31 | 18 | 14 | 17 | 10 | 35 | 42 |
| Depreciation | 3 | 1 | 1 | 4 | 7 | 7 | 9 | 9 | 11 | 13 | 11 | 28 | 34 |
| PBT | 8 | -8 | 1 | -117 | -202 | 9 | -6 | 32 | 22 | -46 | 27 | 86 | 79 |
| Tax % | 3% | 16% | 245% | 20% | 6% | 39% | -216% | -16% | 23% | 11% | 15% | -3% | — |
| Net Profit | 8 | -9 | -2 | -140 | -213 | 6 | 7 | 37 | 17 | -51 | 22 | 81 | 60 |
| EPS in Rs | 0.57 | -0.66 | -0.13 | -10.3 | -16.05 | 0.44 | 0.4 | 2.19 | 1.02 | -3.01 | 1.09 | 4.07 | 3.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 118 | 118 | 118 | 120 | 120 | 120 | 134 | 138 | 154 | 179 | 179 |
| Reserves | 126 | 119 | 74 | -33 | -141 | -133 | 43 | 69 | 55 | -7 | 160 | 244 |
| Borrowings | 234 | 259 | 255 | 320 | 358 | 373 | 177 | 164 | 117 | 148 | 224 | 502 |
| Other Liabilities | 250 | 316 | 253 | 236 | 228 | 141 | 60 | 85 | 145 | 108 | 88 | 206 |
| Total Liabilities | 724 | 812 | 700 | 641 | 564 | 501 | 400 | 453 | 455 | 404 | 651 | 1,130 |
| Fixed Assets | 191 | 196 | 93 | 239 | 176 | 178 | 174 | 190 | 187 | 257 | 318 | 870 |
| CWIP | 8 | 0 | 57 | 4 | 1 | 1 | 1 | 3 | 31 | 24 | 129 | 22 |
| Investments | 121 | 121 | 121 | 59 | 25 | 0 | 0 | 0 | 0 | 0 | 48 | 41 |
| Other Assets | 404 | 495 | 429 | 339 | 362 | 323 | 225 | 260 | 237 | 123 | 156 | 198 |
| Total Assets | 724 | 812 | 700 | 641 | 564 | 501 | 400 | 453 | 455 | 404 | 651 | 1,130 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 91 | -47 | 60 | 55 | 16 | -29 | 53 | 19 | 122 | 61 | 71 | 172 |
| Investing | -1 | 9 | 32 | -116 | -70 | 57 | 1 | -23 | -30 | -81 | -159 | -443 |
| Financing | -88 | 16 | -75 | 55 | 66 | -27 | -58 | -13 | -85 | 22 | 147 | 278 |
| Net Cash Flow | 1 | -22 | 17 | -7 | 12 | 2 | -4 | -17 | 7 | 2 | 59 | 7 |
| Free Cash Flow | 83 | -48 | 106 | -43 | 74 | -39 | 47 | -12 | 84 | -15 | -106 | -284 |
| CFO/OP | 600 | 1,171 | 1,397 | -190 | -9 | -103 | 345 | -334 | 864 | 177 | 175 | 136 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 220 | 122 | 189 | 192 | 108 | 156 | 66 | 186 | 176 | 25 | 27 |
| Inventory Days | 7 | 1 | 2 | 13 | 4 | 5 | 4 | 1 | 8 | 18 | 10 | 18 |
| Days Payable | 16 | 135 | 17 | 12 | 41 | 55 | 30 | 18 | 139 | 253 | 65 | 15 |
| Cash Conversion Cycle | 18 | 86 | 107 | 190 | 154 | 58 | 130 | 48 | 55 | -59 | -30 | 30 |
| Working Capital Days | -8 | -74 | -64 | -118 | -97 | -55 | 100 | 52 | 105 | -16 | 4 | 18 |
| ROCE % | 5% | 2% | 3% | -6% | -45% | 23% | 7% | 15% | 10% | 11% | 10% | 16% |
Documents
1
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Aug - Monitoring agency report for Q1 FY2026-27 shows no deviation in ₹180 crore preferential issue use. 14 Aug - Monitoring agency report for Q1 FY2026-27 shows no deviation in ₹180 crore preferential issue use.
2
Announcement under Regulation 30 (LODR)-Change in Management
14 Aug - Board reappointed Shantanu Lath as Whole-Time Director/CEO for 3 years from August 11, 2026, subject to shareholder approval. 14 Aug - Board reappointed Shantanu Lath as Whole-Time Director/CEO for 3 years from August 11, 2026, subject to shareholder approval.
3
Ravindra Energy Limited Has informed Regarding ''General Business Update For Quarter 1-Ended June 30, 2026''.
14 Aug - Ravindra Energy updated Q1 FY27 results and renewable/EV business progress, including 261.2 MWp operating portfolio and October 2026 plant plan. 14 Aug - Ravindra Energy updated Q1 FY27 results and renewable/EV business progress, including 261.2 MWp operating portfolio and October 2026 plant plan.
4
Statement Of Deviation Or Variation In Utilization Of Funds Raised Through Rights Issue For Q1-FY2026-27
14 Aug - CARE report shows ₹200.53 crore rights issue utilized; ₹150 crore invested in EIM, no deviation. 14 Aug - CARE report shows ₹200.53 crore rights issue utilized; ₹150 crore invested in EIM, no deviation.
5
Statement Of Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue For Q1-FY2026-27
14 Aug - Q1 FY2026-27 deviation statement for Rs 180 crore preferential issue; no utilization variation reported. 14 Aug - Q1 FY2026-27 deviation statement for Rs 180 crore preferential issue; no utilization variation reported.
Frequently Asked Questions about Ravindra Energy Ltd
What does Ravindra Energy Ltd do?
Incorporated in 1980, Ravindra Energy Ltd is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power[1]
Where is Ravindra Energy Ltd (RELTD) listed?
Ravindra Energy Ltd is listed on the Indian stock exchanges. It is listed on NSE: RELTD and BSE: 504341. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ravindra Energy Ltd belong to?
Ravindra Energy Ltd operates in the Commercial Services sector within the Trading & Distributors industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ravindra Energy Ltd?
Ravindra Energy Ltd has a market capitalisation of approximately ₹3320.14 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Ravindra Energy Ltd?
The Price-to-Earnings (PE) ratio of Ravindra Energy Ltd is 54.72. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ravindra Energy Ltd?
Over the past 52 weeks, Ravindra Energy Ltd has traded between a low of ₹114.59 and a high of ₹196.45. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Ravindra Energy Ltd?
Ravindra Energy Ltd has a Return on Equity (ROE) of 6.58%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ravindra Energy Ltd on Tapetide?
On Tapetide, you can view Ravindra Energy Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1980, Ravindra Energy Ltd is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power[1]
Website ravindraenergy.com
CEO Dr. Vidya Madhusudan Murkumbi
Employees 96
Listed 2024-07-30
Face Value ₹ 10
Issued Size 17,85,54,463