---
title: "XL Energy Ltd (XLENERGY) — Share Price, Financials & Analysis"
symbol: "XLENERGY"
company: "XL Energy Ltd"
canonical: "https://tapetide.com/stocks/XLENERGY"
isin: "INE183H01011"
bse_code: "532788"
sector: "Telecommunication"
industry: "Telecom -  Equipment & Accessories"
generated_at: "2026-10-13T11:02:29.559Z"
---

# XL Energy Ltd (XLENERGY)

Canonical page: https://tapetide.com/stocks/XLENERGY

## Company

- **BSE Code:** 532788
- **ISIN:** INE183H01011
- **Sector:** Telecommunication
- **Industry:** Telecom - Equipment & Accessories
- **Macro Sector:** Telecommunication
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** xlenergy.co

## About

XL Energy is engaged in the businesses of manufacture of equipment for Telecom Industry, manufacturing/trading/production and sale of Solar Photovoltaic Modules and manufacture of Ethanol.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 5Y |
| --- | --- |
| net income growth | -1% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.03 | 0.04 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.42 |
| Expenses | 0.26 | 0.2 | 0.12 | 0.09 | 0.01 | 0.02 | 0 | 0 | 0.05 | 0 | 2.61 | 23.41 |
| Operating Profit | -0.23 | -0.16 | -0.07 | -0.09 | -0.01 | -0.02 | 0 | 0 | -0.05 | 0 | -2.61 | 3.01 |
| OPM % | -766.67 | -400 | -140 | — | — | — | — | — | — | — | — | 11.39 |
| Other Income | 0 | -0.01 | -99.51 | 0.02 | 0.27 | 0 | 0.07 | 0.28 | 0 | 0 | 0.08 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.3 |
| Depreciation | 0.02 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.25 | -0.19 | -99.58 | -0.07 | 0.26 | -0.02 | 0.07 | 0.28 | -0.05 | 0 | -2.54 | 2.71 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 |
| Net Profit | -0.24 | -0.19 | -99.58 | -0.07 | 0.26 | -0.02 | 0.07 | 0.28 | -0.05 | 0 | -2.54 | 2.71 |
| EPS in Rs | -0.11 | -0.08 | -43.72 | -0.03 | 0.11 | -0.01 | 0.03 | 0.12 | -0.02 | 0 | -15.86 | 16.93 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.72 | 0.32 | 1.06 | 0.43 | 0.16 | 0.02 | 0.05 | 0 | 0 | 0 |
| Expenses | 3.03 | 1.98 | 2.82 | 2.3 | 0.75 | 2.92 | 3.22 | 0.32 | 0.4 | 3.38 |
| Operating Profit | -1.31 | -1.66 | -1.76 | -1.87 | -0.59 | -2.9 | -3.17 | -0.32 | -0.4 | -3.38 |
| OPM % | -76.16 | -518.75 | -166.04 | -434.88 | -368.75 | -14500 | -6340 | — | — | — |
| Other Income | 0.14 | 0.08 | -0.65 | 0.39 | -99.51 | 0.17 | 0.2 | 0.28 | 0.56 | 0.31 |
| Interest | 0.23 | 0.11 | 0.04 | 0.05 | 0.02 | 0.12 | 0 | 0 | 0 | 0.01 |
| Depreciation | 1.37 | 0.7 | 0.31 | 0.06 | 0.06 | 0.01 | 0.01 | 0 | 0 | 0 |
| Profit before tax | -2.77 | -2.39 | -2.76 | -1.59 | -100.18 | -2.86 | -2.98 | -0.04 | 0.16 | -3.08 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -2.78 | -2.39 | -2.76 | -1.59 | -100.18 | -2.86 | -2.98 | -0.04 | 0.16 | -3.08 |
| EPS in Rs | -1.22 | -1.05 | -1.21 | -0.7 | -43.99 | -1.26 | -1.31 | -0.02 | 0.07 | -19.24 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 22.77 | 22.77 | 22.77 | 22.77 | 22.77 | 22.77 | 22.77 | 22.77 | 22.77 | 1.6 |
| Reserves | -111.39 | -113.78 | -375.67 | -377.26 | -477.44 | -480.3 | -483.27 | -892.32 | -861.14 | -747.86 |
| Borrowings | 1011.14 | 1009.72 | 921.72 | 906.19 | 894.22 | 893.66 | 893.66 | 849.73 | 848.71 | 750.69 |
| Other Liabilities | 44.87 | 42.29 | 58.65 | 57.56 | 27.33 | 29.6 | 29.59 | 30.79 | 0.37 | 29.99 |
| Total Liabilities | 967.39 | 961 | 627.47 | 609.26 | 466.88 | 465.73 | 462.75 | 10.97 | 10.71 | 34.42 |
| Fixed Assets | 85.71 | 85.03 | 84.66 | 75.98 | 71.03 | 71.02 | 71.02 | 0 | 0 | 0 |
| CWIP | 242.55 | 242.02 | 194.95 | 193.84 | 183.29 | 183.29 | 183.29 | 0 | 0 | 0 |
| Investments | 26.48 | 26.48 | 2.97 | 2.97 | 2.97 | 2.97 | 0.05 | 0 | 0 | 0 |
| Other Assets | 612.65 | 607.47 | 344.89 | 336.47 | 209.59 | 208.45 | 208.39 | 10.97 | 10.71 | 34.42 |
| Total Assets | 967.39 | 961 | 627.47 | 609.26 | 466.88 | 465.73 | 462.75 | 10.97 | 10.71 | 34.42 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5.45 | 2.68 | -1.73 | 4.37 | 6.95 | — | — | -0.64 | -0.56 | -0.87 |
| Cash from Investing Activity | -4.83 | 1.54 | 1.72 | 11.15 | 5.03 | — | — | 0 | 0 | 0 |
| Cash from Financing Activity | -0.63 | -1.51 | -0.04 | -15.53 | -11.97 | — | — | 0.64 | 0.56 | 0.88 |
| Net Cash Flow | -0.01 | 2.71 | -0.05 | -0.01 | 0.01 | — | — | 0 | 0 | 0.01 |
| Free Cash Flow | 0.48 | 4.15 | -1.69 | 14.11 | 22.39 | — | — | -0.64 | -0.56 | -0.87 |
| CFO/OP | -416 | -161 | 98 | -234 | -1178 | — | — | 200 | 140 | 26 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 34356.69 | 178507.81 | 53572.36 | 130296.51 | 122776.88 | 978017.5 | 390039 | — | — | — |
| Inventory Days | 20313.96 | 165710 | 4213.79 | 8049.73 | 273.75 | 1642.5 | 243.33 | — | — | — |
| Days Payable | 2006.19 | 14600 | 697.41 | 1686.89 | 3148.12 | 24455 | 8090.83 | — | — | — |
| Cash Conversion Cycle | 52664.46 | 329617.81 | 57088.74 | 136659.35 | 119902.5 | 955205 | 382191.5 | — | — | — |
| Working Capital Days | -138122.79 | -745010.62 | -225029.39 | -546634.19 | -1686163.12 | -13524527.5 | -5411490 | — | — | — |
| ROCE % | -0.29 | -0.25 | -0.27 | -0.27 | -0.12 | -0.63 | -0.69 | — | — | -41.57 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 22.23% | 22.23% | 22.23% | 95% | 95% |
| Public | 77.77% | 77.77% | 77.77% | 5.02% | 5.02% |
| No. of Shareholders | 20818 | 19804 | 19412 | 9929 | 9929 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 22.23% | 22.23% | 22.23% | 22.23% | 22.23% | 22.23% | 22.23% | 22.23% | 95% | 95% | 95% | 95% |
| Public | 77.77% | 77.77% | 77.77% | 77.77% | 77.77% | 77.77% | 77.77% | 77.77% | 5.02% | 5.02% | 5.02% | 5.02% |
| No. of Shareholders | 20516 | 19942 | 19804 | 19711 | 19572 | 19498 | 19412 | 19177 | 9929 | 9929 | 9929 | 9929 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 18.01 | Sell |
| EMA (10) | 17.76 | Buy |
| SMA (20) | 18.64 | Sell |
| EMA (20) | 18.23 | Sell |
| SMA (50) | 19.25 | Sell |
| EMA (50) | 19.46 | Sell |
| SMA (100) | 21.77 | Sell |
| EMA (100) | 21.47 | Sell |
| SMA (200) | 24.67 | Sell |
| EMA (200) | 25.66 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.21 | Neutral |
| MACD (12,26,9) | -0.59 | Sell |
| Stochastic (14,3,3) | 14.6 | Buy |
| ADX (14) | 13.52 | Neutral |
| Williams %R (14) | -64.29 | Neutral |
| ATR (14) | 1.04 | High Volatility |
| ROC (12) | -1.37 | Sell |
| Stoch RSI (14) | 55.03 | Neutral |
| UO (7,14,28) | 48.77 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-29 | [Confirmation By The Company On Non-Applicability Of Large Corporate Disclosure Requirements](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7f43ef4-28d4-4be2-af36-001cc2e661b9.pdf) |
| 2026-04-29 | [Confirmation By The Company On Non-Applicability Of Large Corporate Disclosure Requirements](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a7f43ef4-28d4-4be2-af36-001cc2e661b9.pdf) |
| 2026-04-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cccab8d1-8c65-4186-9981-f4b41825e8aa.pdf) |
| 2026-04-06 | [Trading Window](https://nsearchives.nseindia.com/corporate/XLENERGY_06042026151035_Intimation.pdf) |
| 2026-02-13 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/XLENERGY_13022026123409_Intimation_letter_and_extract_of_newpaper_publication_FS_SD.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/XLENERGY_12022026170124_IntimationReg30and33OutcomeandFR_LRR_June_2025.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/XLENERGY_12022026172419_IntimationReg30and33Outcome_andFR_LRR_Sep2025.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/XLENERGY_12022026173307_IntimationReg30and33Outcome_andFR_LRR_Dec2025.pdf) |
| 2026-02-02 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/XLENERGY_02022026185617_Cover_letter__and_clarification__certificate_under_Reg_74_5___1_.pdf) |
| 2025-07-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6208234-2b09-4b98-b38c-3924b8a18e43.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/532788/5327880318.pdf) |
| 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport//5327880318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/532788/5327880317.pdf) |
| 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport//5327880317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/532788/5327880316.pdf) |
| 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport//5327880316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/532788/5327880315.pdf) |
| 2015 | [Financial Year 2015](https://www.bseindia.com/bseplus/AnnualReport//5327880315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/532788/5327880314.pdf) |
| 2014 | [Financial Year 2014](https://www.bseindia.com/bseplus/AnnualReport//5327880314.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-01 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73d543ce-ff23-4cbd-868c-4c5b8ff52c74.pdf) |
| 2026-09-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2f41bfe-0420-40e9-8d76-f2fd28a99d62.pdf) |
| 2026-09-30 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5bb01767-ec1c-4a83-a697-2f040cbf3d34.pdf) |
| 2026-09-09 | [Dispatch Of Letter With Web-Link To Annual Report For Financial Year 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3c7993a-2abc-43d9-bb7b-57d35eaa084f.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5da27ae4-d994-44ac-846d-2ac286f0f16f.pdf) |
| 2026-09-08 | [Notice Of 39Th Annual General Meeting Of The Company For The Financial Year 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b109186-1490-4a7c-a412-0744ffb9d507.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82de7b02-bad9-4e71-8708-c226525b14ff.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b77495af-621e-4bd9-80fc-b743282ebf4b.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0340ed2d-11c1-4788-980c-7ea06e961d50.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b7eaa7d-add7-495e-86fe-275a232c5c78.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:02:29.559Z.