KARMAENGUtilities

Karma Energy Limited

Power Generation · ISIN INE725L01011 · BSE 533451 · NSE EQ · FV ₹10
Last price
₹40
+3.07%today
What this company does

Karma Energy Limited operates in Power Generation, part of the Utilities sector. It booked ₹2 cr of revenue in its latest quarter (Q4 FY22) and kept -133.1% of sales as profit.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Utilities, on the 3 of 6 measures we could read for it. Each measure is ranked against the 24–25 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
57

At close. Not part of the score.

Profitability & returns0

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet61

How much it owes, and whether earnings cover the interest

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency, valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 75%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -133.1% net margin
! Sales down 17% vs last year
! Operating cash flow is negative

What if I invest in KARMAENG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹40 +3.07%
latest close · 2026-09-17
1-year return
+92.8%
52-wk low ₹1752-wk high ₹45
How good is the business?
How much profit it earns from its money and its sales.
Net margin-133.1%Loss
ThinDecentStrong
EBITDA margin-11.3%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover-2.2×Risky
RiskyOkayStrong ▸5×
More figures
Market cap
₹46 cr
Book value
EPS
₹-2.33
latest quarter
Net debt
Enterprise value
EBITDA
₹-92 L
annualised
EBIT
₹-6 cr
annualised
Operating margin
-79.0%
Return on assets
Earnings yield
P/S
5.69
Sales / share
₹7.0
Tax rate
Face value
₹10
Shares
1.2 cr
Working capital
Current assets
Current liabilities
Delivery %
73.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY22 (consolidated)
Revenue from Operations₹2 cr
Other Income₹52.3 L
Total Income₹3 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹94.2 L
Finance Costs₹74.3 L
Depreciation & Amortisation₹1 cr
Other Expenses₹2 cr
Total Expenses₹5 cr
Profit before Tax₹-2 cr
Tax Expense₹35.4 L
Net Profit₹-3 cr
Net margin on total income-105.8%
Where the money goes · Q4 FY22
% of total spend
Employee benefit expense₹94.2 L17.9%
Finance costs₹74.3 L14.1%
Depreciation & amortisation₹1 cr26.2%
Other expenses₹2 cr35.0%
Tax expense₹35.4 L6.7%
Total income ₹3 cr

The company made a net loss of ₹3 cr this quarter — income covered only 49 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ2 FY22Q3 FY22Q4 FY22
Revenue12 cr10 cr2 cr
Total income13 cr10 cr3 cr
Expenses12 cr8 cr5 cr
Profit before tax33 L2 cr-2 cr
Tax-26.8 L4.9 L35.4 L
Net profit (owners' share)59.8 L2 cr-3 cr
Net margin (owners' share, on revenue)4.8%22.7%-133.1%
EPS (₹)0.521.97-2.33
YoY (latest quarter): total income +0.1% · net profit
Balance sheet & cash flow
Debt-free
Total assets
Shareholder equity
parent shareholders
Total debt
Cash
Cash flow · H1 FY22
Operating
₹-15.3 L
Investing
₹16 cr
Financing
₹-15 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 4 Sep 2014
ActionDetailEx-date
Dividend₹0.5 / share4 Sep 2014
Dividend₹0.5 / share23 Jul 2013
Dividend₹0.5 / share21 Sep 2012
Who owns it · 2026-06-30
No pledge
Promoter
74.7%
Public
25.3%
Smart-money activity
Insider trades
SoldChetan Mehra · Promoters3.74 L · ₹1.6 cr30 Jun 23
BoughtKotta Enterprises Limited · Promoter Group11.70 L · ₹5.0 cr30 Jun 23
SoldRadhika Mehra · Promoter Group7.97 L · ₹3.4 cr30 Jun 23
Bulk / block deals
SoldNEO APEX VENTURE LLP · NSE87,448 @ ₹83.3112 Jun 25
BoughtNEO APEX VENTURE LLP · NSE70,647 @ ₹83.1212 Jun 25
SoldORION STOCKS LTD · NSE75,786 @ ₹76.538 Nov 24
Stake changes
BoughtChetan Mehra · promoter→ 74.70%30 Jun 23
BoughtRadhika Chetan Mahra · promoter→ 74.70%30 Jun 23
BoughtKotta Enterprises Limited alongwith PAC · promoter→ 74.70%30 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 25 Mar 2026
See the official result
1
To approve Related party transaction with M/s. Tapi Energy Projects Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
5.71 L votes for, 1,716 against
2
To approve Related Party Transaction with M/s. Windia Infrastructure Finance Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
5.71 L votes for, 1,716 against
3
To approve continuation of directorship of Mr. Dharmendra Gulabchand Siraj (DIN : 00025543) as a Non-Executive Non Independent Director of the company post attaining the age of 75 years.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
5.71 L votes for, 1,796 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 18 named members
owning 74.7% between them · as of 2026-06-30
Kotta Enterprises Private Limited29.94%
Inspeed Power Private Limited18.32%
Anju Siraj8.54%
Prabhanjan Multitrade Private Limited8.27%
Dharmendra Gulabchand Siraj7.30%
Sitex India Private Limited2.12%
Isha Siraj Kedia0.14%
Windia Infrastructure Finance Limited0.02%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.