ENERGYDEV

Energy Development Company Limited

Hydroelectric power generator with contract and trading divisions

Utilities›Power›Power›Power Generation

edclgroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹14.32
Market cap
68 Cr
Stock P/E
Loss (TTM EPS ₹-0.78)
P/B
17.38
Dividend yield
9.6%
ROCE (FY26)
13.7%
Operating margin (FY26)
39.9%
OCF / EBITDA (FY26)
95.3%
OCF / EBITDA (3Y)
97.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

EDCL (Energy Development Company) generates electricity from hydro and wind plants and sells it in bulk to electricity boards and other buyers, including through the Indian Energy Exchange.

Company snapshot

26thBy market cap

Ranked among 27 companies in Power Generation.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Contract Division—0 Cr-0.11 Cr10 Cr
Generating Division
100.0%
8 Cr3 Cr173 Cr
Trading Division—0 Cr-27 Cr0 Cr

What we see

Positives
  • ✓98% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales11 Cr9 Cr4 Cr7 Cr15 Cr8 Cr3 Cr10 Cr21 Cr11 Cr4 Cr6 Cr
Operating expenses (approx.)3 Cr3 Cr5 Cr3 Cr4 Cr4 Cr6 Cr4 Cr5 Cr5 Cr4 Cr4 Cr
EBITDA8 Cr6 Cr-1.00 Cr4 Cr11 Cr4 Cr-3 Cr6 Cr15 Cr6 Cr-0.19 Cr2 Cr
OPM %70.2%69.3%-25.3%59.2%72.8%51.9%-109.3%59.9%74.5%55.3%-4.5%33.2%
Other income0.27 Cr0.32 Cr0.81 Cr0.35 Cr0.33 Cr0.38 Cr0.73 Cr0.27 Cr0.32 Cr0.46 Cr0.42 Cr0.50 Cr
Interest3 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr2 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax3 Cr1 Cr-5 Cr-0.64 Cr6 Cr-77 Cr-7 Cr2 Cr11 Cr2 Cr-11 Cr-2 Cr
Tax %-7.0%-13.1%-11.1%28.3%-3.1%0.3%-270.9%-8.2%5.4%24.5%-30.3%-1.7%
Net profit3 Cr2 Cr-5 Cr-0.46 Cr7 Cr-76 Cr-27 Cr2 Cr11 Cr1 Cr-14 Cr-2 Cr
EPS (₹)₹0.62₹0.35₹-1.08₹-0.10₹1.38₹-16.08₹-5.68₹0.35₹2.22₹0.27₹-2.90₹-0.38

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales115 Cr60 Cr35 Cr30 Cr31 Cr43 Cr37 Cr30 Cr33 Cr46 CrSign in free for the trailing twelve months
Operating expenses (approx.)107 Cr40 Cr20 Cr18 Cr15 Cr12 Cr13 Cr14 Cr17 Cr19 CrSign in free for the trailing twelve months
EBITDA9 Cr20 Cr15 Cr12 Cr17 Cr31 Cr25 Cr16 Cr16 Cr28 CrSign in free for the trailing twelve months
OPM %7.6%33.4%44.1%41.4%53.3%71.2%66.2%54.1%49.2%59.5%Sign in free for the trailing twelve months
Other income0.88 Cr2 Cr4 Cr2 Cr2 Cr3 Cr5 Cr2 Cr2 Cr1 CrSign in free for the trailing twelve months
Interest30 Cr21 Cr20 Cr18 Cr19 Cr17 Cr14 Cr10 Cr10 Cr10 CrSign in free for the trailing twelve months
Depreciation11 Cr12 Cr11 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr9 CrSign in free for the trailing twelve months
Profit before tax5 Cr-10 Cr-12 Cr-14 Cr-10 Cr6 Cr5 Cr-2 Cr-78 Cr4 CrSign in free for the trailing twelve months
Tax %21.7%-29.2%39.5%68.9%38.2%-29.1%20.3%2.6%-24.5%106.3%Sign in free for the trailing twelve months
Net profit4 Cr-13 Cr-7 Cr-4 Cr-6 Cr7 Cr4 Cr-2 Cr-97 Cr-0.24 CrSign in free for the trailing twelve months
EPS (₹)₹0.98₹-2.76₹-1.49₹-0.94₹-1.33₹1.52₹0.89₹-0.46₹-20.48₹-0.05Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr48 Cr
Reserves75 Cr61 Cr53 Cr47 Cr42 Cr51 Cr56 Cr54 Cr-44 Cr-44 Cr
Borrowings160 Cr162 Cr162 Cr156 Cr163 Cr160 Cr158 Cr154 Cr146 Cr137 Cr
Other liabilities121 Cr93 Cr88 Cr101 Cr100 Cr102 Cr101 Cr102 Cr48 Cr46 Cr
Total liabilities403 Cr362 Cr347 Cr346 Cr346 Cr353 Cr356 Cr350 Cr192 Cr180 Cr
Fixed assets (net)191 Cr190 Cr181 Cr173 Cr164 Cr156 Cr147 Cr139 Cr130 Cr126 Cr
CWIP47 Cr30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr4 Cr—
Investments26 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr0 Cr0 Cr
Loans & advances——————12 Cr12 Cr6 Cr6 Cr
Inventories1 Cr1 Cr2 Cr0.88 Cr0.81 Cr0.75 Cr0.68 Cr0.69 Cr0.80 Cr0.29 Cr
Trade receivables46 Cr39 Cr36 Cr36 Cr38 Cr40 Cr41 Cr40 Cr8 Cr4 Cr
Cash & bank2 Cr6 Cr0.39 Cr2 Cr2 Cr5 Cr6 Cr2 Cr0.43 Cr6 Cr
Other assets90 Cr84 Cr85 Cr92 Cr99 Cr110 Cr107 Cr115 Cr42 Cr38 Cr
Total assets403 Cr362 Cr347 Cr346 Cr346 Cr353 Cr356 Cr350 Cr192 Cr180 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity6 Cr17 Cr15 Cr18 Cr14 Cr28 Cr19 Cr10 Cr22 Cr26 Cr
Cash from investing-5 Cr9 Cr-2 Cr-1 Cr-4 Cr-11 Cr-5 Cr-1 Cr-3 Cr0.73 Cr
Cash from financing-4 Cr-22 Cr-19 Cr-15 Cr-11 Cr-15 Cr-13 Cr-13 Cr-21 Cr-21 Cr
Net cash flow-3 Cr4 Cr-5 Cr2 Cr-1 Cr3 Cr1 Cr-4 Cr-2 Cr6 Cr
Free cash flow (OCF − Capex)2 Cr16 Cr15 Cr18 Cr14 Cr28 Cr19 Cr10 Cr17 Cr26 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.6%3.9%3.1%1.6%3.5%9.1%7.5%3.1%4.1%13.7%
ROE %3.8%-12.3%-5.8%-3.4%-7.6%8.0%4.4%-2.3%——
Debtor days1442353804414383374014868732
Inventory days157659846369562123712268892
Days payable394610080732264281133826417290338187156107
Cash conversion cycle-3646-9186-6096-5618-10338-24844-277669308-60-73
OCF / EBITDA %64.8%83.4%99.3%146.4%83.7%91.8%76.6%63.5%136.4%95.3%
OCF / EBITDA % (3 years)——85.3%104.9%106.6%100.9%84.7%80.1%89.7%97.7%
Debt / equity1.311.531.681.761.971.771.641.63——
Current ratio0.921.131.171.051.070.770.790.770.320.36
Net debt / EBITDA18.09—10.49———6.159.339.064.76