Ravindra Energy Ltd
NSE: RELTD BSE: 504341Energy
Incorporated in 1980, Ravindra Energy Ltd is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power[1]
₹127
52W: ₹107 — ₹192
PE 23.6 · Book ₹24.9 · +410% vs bookMarket Cap₹2,269 Cr
Stock P/E23.6Price to Earnings
ROCE24.2%Return on Capital
ROE24.2%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has delivered good profit growth of 63.4% CAGR over last 5 years
- +Company's working capital requirements have reduced from 139 days to 93.9 days
Weaknesses
- −Stock is trading at 4.99 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Promoter holding has decreased over last quarter: -1.11%
- −Tax rate seems low
Shareholding Pattern
Promoters63.66%
FIIs1.98%
DIIs2.81%
Public31.55%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.99% | 74.99% | 64.77%▼10.2 | 64.77% | 64.77% | 64.77% | 64.77% | 63.66%▼1.1 |
| FIIs | 0.08% | 0.04%▼0.0 | 3.19%▲3.1 | 3.21%▲0.0 | 2.97%▼0.2 | 2.59%▼0.4 | 2.08%▼0.5 | 1.98%▼0.1 |
| DIIs | 0% | 0.09%▲0.1 | 1.36%▲1.3 | 1.36% | 1.91%▲0.5 | 1.91% | 1.91% | 2.81%▲0.9 |
| Public | 24.94% | 24.88%▼0.1 | 30.67%▲5.8 | 30.65%▼0.0 | 30.35%▼0.3 | 30.73%▲0.4 | 31.23%▲0.5 | 31.55%▲0.3 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4 | 16 | 4 | 4 | 39 | 142 | 144 | 102 | 102 | 97 |
| Expenses | 5 | 11 | 4 | 5 | 34 | 121 | 119 | 72 | 87 | 90 |
| Operating Profit | -1 | 5 | -1 | -1 | 5 | 20 | 24 | 30 | 15 | 7 |
| OPM % | -17% | 32% | -21% | -20% | 14% | 14% | 17% | 29% | 15% | 7% |
| Net Profit | 0 | 6 | 6 | 2 | 6 | 10 | 24 | 32 | 19 | 16 |
| EPS ₹ | 0.01 | 0.39 | 0.39 | 0.14 | 0.33 | 0.59 | 1.37 | 1.78 | 1.08 | 0.9 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹444Cr, up 136.2% YoY. OPM at 17%.
Debt Position
Borrowings at ₹3Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Capex Cycle
CWIP at ₹4Cr (24% of fixed assets). Significant capex underway — growth runway building.
Institutional Flow
DIIs: 2.81% (+2.81pp change). FIIs: 1.98% (+1.98pp change). Promoters hold 63.66%.
Margin & Efficiency
ROCE improving from 0% (Mar 2015) to 24% (Mar 2026). Working capital days: 94.
Valuation
PE 23.6x with 24.2% ROCE. Price is 410% above book value of ₹24.9. Dividend yield: 0%.
Recent Announcements
- Board Meeting Outcome for Outcome Of Board Meeting - May 16, 2026 1d - Board approved rights issue up to Rs 2,050 million at Rs 101/share, ratio 1:9, on May 16, 2026.
- Board Meeting Intimation for Board Meeting Intimation - Meeting Date May 16, 2026 13 May - Board meets May 16, 2026 to consider rights issue; trading window closed from May 13.
- For Providing Corporate Guarantee/Undertaking For The Purpose Of Securing Outstanding Receivables. 6 May - REL provided corporate guarantee up to 50% of Tata Capital’s ₹20 crore lease value for EIM.
- Intimation Regarding Receipt Of Form C - SEBI (Prohibition Of Insider Trading) Regulations, 2015 [Regulation 7 (3) Read With Regulation 6(2) Continual Disclosure] 6 May - Filed Regulation 7(3) disclosure from connected person Shree Renuka Sugars Development Foundation.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 May - Copies of newspaper publications on the audited financial results for the quarter and year ended March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse