RELTDIndustrials

Ravindra Energy Limited

Other Electrical Equipment · ISIN INE206N01018 · BSE 504341 · NSE EQ · FV ₹10
Last price
₹146
-1.22%today
What this company does

Ravindra Energy Limited operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹120 cr of revenue in its latest quarter (Q1 FY27) and kept 1.4% of sales as profit.

In the report:
38out of 100
Equitytale Health Score
Strained

Healthier than 38% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 60–290 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)
33

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet26

How much it owes, and whether earnings cover the interest

Cash quality84

Whether reported profit actually arrives as cash

Valuation6

What today's price implies, against our models or its peers

Governance & risk67

How much of the promoters' stake is pledged, and how much they hold

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

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 58%
Turns profit into real cash
Watch-outs
! Thin 1.4% net margin
! Sales down 26% vs last year
! Profit down 93% vs last year
! 20.4% of promoter stake pledged
! Low 1.6% return on equity
! Carries high debt (D/E 1.2)

What if I invest in RELTD?

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 We do not publish price targets or predict returns.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
₹146 -1.22%
latest close · 2026-09-17
52-wk low ₹14342 sessions so far52-wk high ₹180
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio406.0High
LowAverageHigh
P/B ratio7.06High
Below bookModerateHigh
EV / EBITDA20.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.6%Weak
WeakFairStrong ▸15%
Return on capital11.3%Fair
WeakFairStrong
Net margin1.4%Thin
ThinDecentStrong
EBITDA margin33.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.17High
LowModerateHigh ▸1
Interest cover2.4×Okay
RiskyOkayStrong ▸5×
Current ratio3.18Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,906 cr
Book value
₹21
EPS
₹0.09
latest quarter
Net debt
₹411 cr
owes more than its cash
Enterprise value
₹3,316 cr
EBITDA
₹163 cr
annualised
EBIT
₹120 cr
annualised
Operating margin
25.0%
Return on assets
0.6%
Earnings yield
0.25%
P/S
6.05
Sales / share
₹24.1
Tax rate
24.5%
Face value
₹10
Shares
19.9 cr
Working capital
₹125 cr
Current assets
₹182 cr
Current liabilities
₹57 cr
Delivery %
57.0%
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 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹16₹37, midpoint ₹27

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 · Q1 FY27 (consolidated)
Revenue from Operations₹120 cr
Other Income₹3 cr
Total Income₹123 cr
Cost of Materials₹46 cr
Purchases of Stock-in-Trade₹8 cr
Employee Benefit Expense₹3 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹11 cr
Other Expenses₹25 cr
Total Expenses₹105 cr
Profit before Tax₹18 cr
Tax Expense₹4 cr
Share of JV / Associates₹-12 cr
Net Profit₹2 cr
Net margin on total income1.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹54 cr48.6%
Employee benefit expense₹3 cr3.1%
Finance costs₹12 cr11.1%
Depreciation & amortisation₹11 cr9.6%
Other expenses₹25 cr22.3%
Tax expense₹4 cr3.9%
Profit for the period₹2 cr1.5%
Total income ₹123 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue127 cr140 cr120 cr
Total income132 cr144 cr123 cr
Expenses114 cr127 cr105 cr
Profit before tax18 cr17 cr18 cr
Tax1 cr1 cr4 cr
Net profit (owners' share)15 cr11 cr2 cr
Net margin (owners' share, on revenue)11.5%7.9%1.4%
EPS (₹)0.800.620.09
YoY (latest quarter): total income -27.3% · net profit -92.8%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1,119 cr
Shareholder equity
₹412 cr
parent shareholders
Total debt
₹502 cr
Cash
₹92 cr
Cash flow · H1 FY26
Operating
₹58 cr
Investing
₹-262 cr
Financing
₹183 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Apar Industries Limited₹17,801₹71,507 cr38.2
Waaree Energies Limited₹2,473₹71,136 cr20.9
Premier Energies Limited₹880₹39,948 cr21.1
Emmvee Photovoltaic Power Limited₹326₹22,536 cr14.8
Mtar Technologies Limited₹7,060₹21,716 cr108.1
Diamond Power Infrastructure Limited₹376₹19,817 cr84.7
Avalon Technologies Limited₹2,230₹14,899 cr106.8
Fujiyama Power Systems Limited₹409₹12,551 cr54.4
Waaree Renewable Technologies Limited₹811₹8,463 cr18.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 6 Sep 2012
ActionDetailEx-date
Rights issue9:18 Jun 2026
Dividend₹1 / share6 Sep 2012
Who owns it · 2026-06-30
20.4% pledged
Promoter
58.3%
FII / Foreign
3.3%
DII / Domestic
3.0%
Retail / others
35.5%
Promoter stake down 16.7% over the last 11 quarters.
Smart-money activity
Insider trades
SoldNarendra Madhusudan Murkumbi · Promoter and Director3.00 L · ₹5.0 cr20 Aug 26
SoldKhandepar Investments Private Limited · Promoter18.71 L · ₹31.2 cr20 Aug 26
SoldNarendra Madhusudan Murkumbi · Promoter and Director3.00 L · ₹5.0 cr20 Aug 26
Bulk / block deals
SoldKHANDEPAR INVESTMENTS PRIVATE LIMITED · NSE22.00 L @ ₹118.921 Jun 26
SoldKHANDEPAR INVESTMENTS PRIVATE LIMITED · NSE11.05 L @ ₹125.0327 Mar 26
Stake changes
SoldKhandepar Investments Private Limited · promoter→ 29.22% · 22.00 L1 Jun 26
BoughtMiss. Aryaa Rojekar · promoter→ 0.14% · 2.50 L29 Sep 25
BothMiss. Aryaa Rojekar · promoter→ 0.14% · 2.50 L29 Sep 25
Promoter pledges
PledgedEquity shares are pledged by promoter as a security in favor of TATA Capital Limited (Lender)3.00 L · 4.78% held20 Aug 26
PledgedEquity shares are pledged by promoter as a security in favor of TATA Capital Limited (Lender)5.00 L · 4.53% held5 Aug 26
PledgedJM Financial Products Ltd.76.10 L · 3.92% held17 Jun 26
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 · 5 Jan 2026
See the official result
1
APPOINTMENT OF MR APURVA CHANDRA (DIN: 02531655) AS AN INDEPENDENT DIRECTOR
Backed by 100% of shareholders other than promotersneeded 75%
1.99 cr votes for, 75,080 against · 0% of mutual funds and other big investors said no
2
To approve the giving of loan or guarantee or providing security in connection with the loan availed by any of the Company's subsidiary(ies), associate entity or any other person specified under Section 185 of the Companies Act, 2013
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
1.09 cr votes for, 75,111 against · 0% of mutual funds and other big investors said no
3
To approve Material Related Party Transactions with Energy in Motion Limited
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
1.09 cr votes for, 75,110 against · 0% of mutual funds and other big investors said no

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 — 12 named members
owning 58.3% between them · as of 2026-06-30
KHANDEPAR INVESTMENTS PRIVATE LIMITED30.49%
NARENDRA MADHUSUDAN MURKUMBI20.92%
APOORVA NARENDRA MURKUMBI5.60%
VIDYA MURKUMBI0.23%
AALOK WADHWA0.14%
ARYAA SHAILESH ROJEKAR0.14%
DHRUVA SHAILESH ROJEKAR0.14%
INIKA NARENDRA MURKUMBI0.14%
Business done with them
FY2025 · 2 of the group
The company paid ₹21 cr to companies in the promoter group last year — about 8.2% of its ₹250 cr revenue and received ₹3 cr back from them.
KHANDEPAR INVESTMENTS PRIVATE LIMITED
Contribution made to them · Interest Paid on Borrowings , Borrowings received and paid
also owns 30.49% of the company
₹19 cr
company paid
KHANDEPAR INVESTMENTS PRIVATE LIMITED
Contribution received from them · Interest Paid on Borrowings , Borrowings received and paid
also owns 30.49% of the company
₹3 cr
company received
Vidya Murkumbi
Other payments to them · remuneration and payable
also owns 0.23% of the company
₹98.8 L
company paid
KHANDEPAR INVESTMENTS PRIVATE LIMITED
Other payments to them · Interest Paid on Borrowings , Borrowings received and paid
also owns 30.49% of the company
₹24.9 L
company paid

The company also transacted with 23 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹201 cr raised in Jun 2026 by offering new shares to existing shareholders

As of Jun 2026, the company says it has spent 75% of what it set aside, leaving ₹51 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Investment in Associate company Energy In Motion Ltd (EIM) by way of equity investment for repayment of ICD borrowed by EIM from one of its promoters i.e. Golden Green Innovations Private Limited
100%
₹150 cr of ₹150 cr
General Corporate Purpose
0%
₹0 cr of ₹49 cr
Issue Related Expenses
0%
₹0 cr of ₹2 cr
₹180 cr raised in Oct 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 97% of what it set aside, leaving ₹6 cr still to be spent. India Ratings and Research Private Limited watches the spending on the exchange’s behalf.

Investment in Renewable Energy Business.
originally ₹90 cr
budget changed
100%
₹96 cr of ₹96 cr
Investment in Electric Vehicle Business.
90%
₹54 cr of ₹60 cr
General Corporate Purpose
100%
₹30 cr of ₹30 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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