Arthneeti

Karma Energy Q2 FY27 Share Price & Earnings Call Analysis

₹34.96-1.10% today
Market cap
₹40 Cr
P/E
45.45
ROE
-0.42%
Price to sales
4.08
Debt to equity
0.04
52W high / low
₹55.6 / ₹31.9
Sales growth (5Y)
-15.81%
EBITDA margin
-21.41%
Net profit margin
-1.74%
Promoter holding
74.70%
Sales (last year)
₹10 Cr

Incorporated in 2007, Karma Energy Ltd deals in generation of power from renewable sources like Wind, Hydro, etc.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Power
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Adani PowerGood growth
    3
See all potential multibaggersWhere does Karma Energy Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Power companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹1,599 Cr8.2
240%+Flat₹28,541 Cr38.0
3Adani Power20–40%Flat₹3.95L Cr21.7
420–40%Flat₹2.34L Cr119.6
520–40%Flat₹1.78L Cr47.9
620–40%Flat₹1.13L Cr28.9

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Financials of Karma Energy Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Karma Energy Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.70%74.70%74.70%74.70%74.70%74.70%74.70%74.70%74.70%74.70%74.70%74.70%
Public +25.28%25.29%25.30%25.30%25.30%25.29%25.29%25.30%25.31%25.32%25.30%25.30%
No. of Shareholders8,3148,7499,46510,94011,16211,33911,53911,74511,40311,23211,11411,053

Financials of Karma Energy Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +3.516.311.511.032.404.420.940.943.064.621.200.883.20
YoY Sales growth-10.69%+7.50%-19.25%-10.43%-31.62%-29.95%-37.75%-8.74%+27.50%+4.52%+27.66%-6.38%+4.58%
Expenses +2.442.122.243.502.202.262.321.473.153.033.123.322.55
Operating Profit1.074.19-0.73-2.470.202.16-1.38-0.53-0.091.59-1.92-2.440.65
OPM %30.48%66.40%-48.34%-239.81%8.33%48.87%-146.81%-56.38%-2.94%34.42%-160.00%-277.27%20.31%
Other Income +0.060.000.210.691.350.440.280.931.530.370.331.880.39
Interest0.030.030.030.030.030.030.050.040.040.040.040.040.03
Depreciation0.740.750.750.700.470.470.470.480.500.500.510.510.51
Profit before tax0.363.41-1.30-2.511.052.10-1.62-0.120.901.42-2.14-1.110.50
Tax %19.44%24.93%-23.08%-30.68%11.43%17.62%-13.58%-225.00%32.22%26.06%-110.75%-26.13%12.00%
Net Profit +0.292.57-0.99-1.740.931.72-1.400.150.611.050.22-0.820.44
EPS in Rs0.252.22-0.86-1.500.801.49-1.210.130.530.910.19-0.710.38

Financials of Karma Energy Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +15.3213.9727.4733.5029.1135.8823.0727.5312.8112.358.709.769.90
Sales growth-46.36%-8.81%+96.64%+21.95%-13.10%+23.26%-35.70%+19.33%-53.47%-3.59%-29.55%+12.18%+5.77%
Expenses +10.249.0016.8025.6125.2325.9024.8922.249.629.148.2512.6212.02
Operating Profit5.084.9710.677.893.889.98-1.825.293.193.210.45-2.86-2.12
OPM %33.16%35.58%38.84%23.55%13.33%27.81%-7.89%19.22%24.90%25.99%5.17%-29.30%-21.41%
Other Income +2.725.581.150.31-0.530.990.490.959.98-0.183.004.102.97
Interest7.136.997.774.504.225.355.253.411.140.120.150.160.15
Depreciation4.905.004.984.984.965.425.115.094.832.941.892.022.03
Profit before tax-4.23-1.44-0.93-1.28-5.830.20-11.69-2.267.20-0.031.41-0.94-1.33
Tax %-26.00%6.94%-300.00%-12.50%-27.27%15.00%-8.55%-5.75%18.19%-500.00%0.00%-210.64%
Net Profit +-3.13-1.541.85-1.12-4.250.17-10.69-2.135.890.121.401.050.89
EPS in Rs-2.71-1.331.60-0.97-3.670.15-9.24-1.845.090.101.210.910.77
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of Karma Energy Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital11.5711.5711.5711.5711.5711.5711.5711.5711.5711.5711.5711.57
Reserves31.5329.9843.4862.1236.1734.2520.9918.6426.9026.8728.2529.26
Borrowings +50.4473.4159.2944.3156.6671.1464.7818.806.281.081.951.52
Other Liabilities +23.0821.7019.2624.2615.3614.3215.2214.4010.7210.5210.234.71
Total Liabilities116.62136.66133.60142.26119.76131.28112.5663.4155.4750.0452.0047.06
Fixed Assets +58.1053.1047.8942.9245.1042.3137.4632.3727.3823.2922.0621.21
CWIP0.320.340.370.320.330.000.000.000.000.000.000.00
Investments34.3644.2153.1378.6149.8858.9952.421.8813.5212.545.7611.06
Other Assets +23.8439.0132.2120.4124.4529.9822.6829.1614.5714.2124.1814.79
Total Assets116.62136.66133.60142.26119.76131.28112.5663.4155.4750.0452.0047.06

Financials of Karma Energy Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +10.63-12.2119.0814.135.724.6711.08-1.594.964.431.661.93
Cash from Investing Activity +-3.22-9.87-4.263.98-10.63-19.400.1250.698.550.69-1.89-1.82
Cash from Financing Activity +-7.5122.06-15.06-14.028.127.56-11.03-49.39-13.49-5.320.72-0.58
Net Cash Flow-0.10-0.02-0.244.093.21-7.160.17-0.300.02-0.200.49-0.47
Free Cash Flow7.41-12.2319.0414.19-1.443.5910.86-1.595.393.520.841.13
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit275%-245%191%194%185%48%-671%-29%199%163%462%-88%

Financials of Karma Energy Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days371.19798.45332.8483.02124.26161.34107.43131.39300.89271.02292.0046.00
Inventory Days
Days Payable
Cash Conversion Cycle371.19798.45332.8483.02124.26161.34107.43131.39300.89271.02292.0046.00
Working Capital Days-120.55-667.56-391.5745.65-169.02-305.59-623.3692.01104.29207.77632.25497.76
ROCE %1.55%0.34%5.97%2.77%0.78%5.01%-6.01%1.57%6.98%2.44%0.98%-4.76%

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What Karma Energy Ltd's management said in earlier quarters

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