RELTD

Ravindra Energy Limited

Renewable power generator and electric mobility solutions provider

Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment

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

Price as of 2026-10-16

Stock price
₹141.22
Market cap
2,807 Cr
Stock P/E
47.0
P/B
5.98
ROE (FY26)
18.4%
ROCE (FY26)
12.0%
Operating margin (FY26)
19.0%
Debt / equity (FY26)
1.19
OCF / EBITDA (FY26)
131.2%
OCF / EBITDA (3Y)
147.5%

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

Ravindra Energy develops and operates solar power projects in India, selling electricity to state utilities and to commercial and industrial customers, and is building an electric heavy-vehicle and battery-swapping business under the name Energy In Motion (EIM).

Company snapshot

15thBy market cap

Ranked among 32 companies in Other Electrical Equipment.

Segment mix

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

Largest segment: 88.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Solar
88.0%
47 Cr9 Cr449 Cr
Trading
12.0%
6 Cr-0.08 Cr57 Cr

What we see

Positives
  • ✓148% of operating profit came in as cash over the last three years — profits are backed by real cash.
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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
Sales27 Cr16 Cr30 Cr23 Cr16 Cr53 Cr159 Cr163 Cr120 Cr127 Cr133 Cr120 Cr
Operating expenses (approx.)20 Cr9 Cr22 Cr15 Cr15 Cr46 Cr132 Cr135 Cr83 Cr95 Cr99 Cr82 Cr
EBITDA6 Cr7 Cr9 Cr7 Cr0.59 Cr7 Cr27 Cr28 Cr37 Cr32 Cr34 Cr38 Cr
OPM %23.7%44.6%28.4%32.2%3.8%13.4%17.2%17.1%30.9%25.4%25.3%31.8%
Other income10 Cr2 Cr1 Cr0.91 Cr2 Cr3 Cr6 Cr6 Cr2 Cr5 Cr5 Cr3 Cr
Interest4 Cr4 Cr5 Cr5 Cr1 Cr3 Cr2 Cr5 Cr8 Cr11 Cr12 Cr12 Cr
Depreciation4 Cr4 Cr3 Cr3 Cr2 Cr3 Cr3 Cr5 Cr6 Cr8 Cr9 Cr11 Cr
Profit before tax9 Cr2 Cr-62 Cr8 Cr1 Cr4 Cr13 Cr24 Cr26 Cr16 Cr13 Cr6 Cr
Tax %-0.5%73.5%-1.5%27.3%10.2%44.8%0.9%3.5%-19.3%7.3%4.4%72.7%
Net profit9 Cr0.43 Cr-63 Cr6 Cr1 Cr2 Cr13 Cr23 Cr31 Cr15 Cr13 Cr2 Cr
EPS (₹)₹0.63₹-0.00₹-4.29₹0.37₹0.07₹0.14₹0.74₹1.33₹1.69₹0.80₹0.71₹0.09

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales621 Cr417 Cr518 Cr719 Cr304 Cr765 Cr253 Cr131 Cr250 Cr543 CrSign in free for the trailing twelve months
Operating expenses (approx.)619 Cr447 Cr719 Cr695 Cr289 Cr772 Cr239 Cr98 Cr208 Cr412 CrSign in free for the trailing twelve months
EBITDA1 Cr-30 Cr-200 Cr24 Cr15 Cr-7 Cr13 Cr33 Cr42 Cr131 CrSign in free for the trailing twelve months
OPM %0.2%-7.2%-38.7%3.4%4.9%-0.9%5.3%25.2%16.9%24.1%Sign in free for the trailing twelve months
Other income23 Cr7 Cr39 Cr63 Cr19 Cr70 Cr33 Cr15 Cr12 Cr18 CrSign in free for the trailing twelve months
Interest23 Cr27 Cr33 Cr43 Cr31 Cr18 Cr13 Cr16 Cr10 Cr35 CrSign in free for the trailing twelve months
Depreciation0.57 Cr4 Cr7 Cr7 Cr9 Cr9 Cr11 Cr13 Cr11 Cr28 CrSign in free for the trailing twelve months
Profit before tax1 Cr-117 Cr-202 Cr9 Cr-6 Cr32 Cr22 Cr-46 Cr26 Cr78 CrSign in free for the trailing twelve months
Tax %244.6%-19.9%-5.8%38.3%223.8%-16.2%23.3%-10.9%15.9%-3.1%Sign in free for the trailing twelve months
Net profit-2 Cr-140 Cr-213 Cr6 Cr7 Cr37 Cr17 Cr-51 Cr22 Cr81 CrSign in free for the trailing twelve months
EPS (₹)₹-0.15₹-11.85₹-17.99₹0.49₹0.58₹2.89₹1.24₹-3.41₹1.32₹4.53Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%—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 capital118 Cr118 Cr120 Cr120 Cr120 Cr134 Cr138 Cr154 Cr179 Cr179 Cr
Reserves74 Cr-33 Cr-141 Cr-133 Cr43 Cr76 Cr70 Cr11 Cr160 Cr244 Cr
Borrowings255 Cr312 Cr351 Cr364 Cr168 Cr164 Cr117 Cr148 Cr190 Cr502 Cr
Other liabilities253 Cr243 Cr235 Cr151 Cr68 Cr78 Cr131 Cr91 Cr107 Cr189 Cr
Total liabilities700 Cr641 Cr564 Cr502 Cr400 Cr453 Cr455 Cr404 Cr651 Cr1,131 Cr
Fixed assets (net)16 Cr162 Cr176 Cr178 Cr174 Cr190 Cr187 Cr257 Cr318 Cr869 Cr
CWIP57 Cr4 Cr1 Cr0.74 Cr1 Cr3 Cr31 Cr24 Cr129 Cr22 Cr
Investments121 Cr59 Cr25 Cr0.33 Cr0.27 Cr0.05 Cr0 Cr0.22 Cr48 Cr41 Cr
Loans & advances——0 Cr0 Cr0 Cr3 Cr2 Cr2 Cr0.17 Cr2 Cr
Inventories3 Cr14 Cr5 Cr9 Cr3 Cr1 Cr4 Cr3 Cr4 Cr15 Cr
Trade receivables208 Cr217 Cr272 Cr212 Cr130 Cr139 Cr129 Cr63 Cr17 Cr40 Cr
Cash & bank30 Cr24 Cr21 Cr37 Cr33 Cr16 Cr23 Cr25 Cr84 Cr92 Cr
Other assets265 Cr162 Cr64 Cr64 Cr59 Cr101 Cr80 Cr30 Cr51 Cr50 Cr
Total assets700 Cr641 Cr564 Cr502 Cr400 Cr453 Cr455 Cr404 Cr651 Cr1,131 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 activity60 Cr55 Cr11 Cr-29 Cr53 Cr19 Cr122 Cr61 Cr72 Cr172 Cr
Cash from investing32 Cr-116 Cr-70 Cr57 Cr0.56 Cr-23 Cr-30 Cr-81 Cr-160 Cr-443 Cr
Cash from financing-75 Cr55 Cr57 Cr-27 Cr-57 Cr-14 Cr-89 Cr22 Cr210 Cr278 Cr
Net cash flow17 Cr-7 Cr-2 Cr2 Cr-4 Cr-17 Cr7 Cr2 Cr59 Cr7 Cr
Free cash flow (OCF − Capex)14 Cr-43 Cr——47 Cr-12 Cr84 Cr-15 Cr-105 Cr-283 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.3%-22.6%-62.9%4.9%7.8%13.2%10.9%-9.4%6.6%12.0%
ROE %-0.9%-164.0%——4.2%17.4%8.0%-30.8%6.2%18.4%
Debtor days122189191108155661851762527
Inventory days121338365017783321219
Days payable116431241050411722613814557816
Cash conversion cycle-921215-183-34755-153-1113-247-4131
OCF / EBITDA %n.m.——-118.3%355.1%—902.0%184.2%169.6%131.2%
OCF / EBITDA % (3 years)—————n.m.n.m.503.4%285.9%147.5%
Debt / equity1.333.66-0.16—1.030.780.561.000.561.19
Current ratio——0.750.802.161.981.711.212.532.84
Net debt / EBITDA170.74——13.439.01—6.993.732.493.13