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Energy Development Co. Ltd.
(ENERGYDEV)
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Rating:48Neutral
Price Target:
₹18.00
▼(-12.20% Downside)
Action:Reiterated
Date:07/02/26
The score is held back primarily by elevated financial risk from exceptionally high leverage and weakened equity, alongside inconsistent profitability (losses despite operational improvement). Technically, the stock shows only a modest near-term recovery with weak momentum versus the long-term trend. Valuation is also unattractive on an earnings basis due to the negative P/E.
Positive Factors
Revenue growth recovery
A durable rebound in revenue (10.5% in 2026) signals renewed demand and strengthens top-line momentum. Sustained revenue growth over several quarters can compound operational leverage, support investments, and reduce reliance on one-off measures, improving medium-term business resilience.
Negative Factors
Extremely high leverage
Debt-to-equity at roughly 35–37x and a collapsed equity base materially increase financial risk and lower the company’s capital cushion. Over months this magnifies refinancing, covenant and interest-rate exposure, reducing flexibility for strategic moves or shocks in a higher-rate environment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth recovery
A durable rebound in revenue (10.5% in 2026) signals renewed demand and strengthens top-line momentum. Sustained revenue growth over several quarters can compound operational leverage, support investments, and reduce reliance on one-off measures, improving medium-term business resilience.
Read all positive factors
Energy Development Co. Ltd. (ENERGYDEV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹805.13M
Dividend YieldN/A
Average Volume (3M)9.91K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth41.18%
EPS Growth99.73%
CountryIN
Employees64
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)-0.06
Shares Outstanding47,500,000
10 Day Avg. Volume13,729
30 Day Avg. Volume9,915
Financial Highlights & Ratios
PEG Ratio2.64
Price to Book (P/B)16.32
Price to Sales (P/S)1.38
P/FCF Ratio4.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Energy Development Co. Ltd. Business Overview & Revenue Model
Company Description
Energy Development Company Limited (EDCL) is an Indian company primarily focused on generating and selling electricity through hydro and wind power sources. The company's operations are organized into three distinct segments: Generating, Contract,...
How the Company Makes Money
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Energy Development Co. Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
18
Very Negative
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 462.54M | 327.62M | 300.09M | 374.44M | 429.83M |
| Gross Profit | 317.67M | 141.38M | 283.22M | 359.13M | 413.71M |
| EBITDA | 233.20M | -582.48M | 179.54M | 293.91M | 331.63M |
| Net Income | -2.42M | -972.64M | -21.68M | 42.14M | 95.55M |
Balance Sheet | |||||
| Total Assets | 1.80B | 1.92B | 3.50B | 3.56B | 3.53B |
| Cash, Cash Equivalents and Short-Term Investments | 223.25M | 143.27M | 179.75M | 178.45M | 154.59M |
| Total Debt | 1.37B | 1.47B | 1.54B | 1.58B | 1.60B |
| Total Liabilities | 1.83B | 1.94B | 2.56B | 2.59B | 2.62B |
| Stockholders Equity | 39.07M | 39.68M | 1.01B | 1.03B | 982.82M |
Cash Flow | |||||
| Free Cash Flow | 158.94M | 32.65M | 102.86M | 189.83M | 280.10M |
| Operating Cash Flow | 159.72M | 78.41M | 103.02M | 189.89M | 281.06M |
| Investing Cash Flow | -4.95M | -44.86M | -11.34M | -52.20M | -106.48M |
| Financing Cash Flow | -95.31M | -52.76M | -126.89M | -126.31M | -147.97M |
Energy Development Co. Ltd. Technical Analysis
Positive
20.50
Price Trends
16.85
Positive
16.39
Positive
18.11
Negative
Market Momentum
0.16
Negative
52.82
Neutral
27.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ENERGYDEV, the sentiment is Positive. The current price of 20.5 is above the 20-day moving average (MA) of 16.91, above the 50-day MA of 16.85, and above the 200-day MA of 18.11, indicating a neutral trend. The MACD of 0.16 indicates Negative momentum. The RSI at 52.82 is Neutral, neither overbought nor oversold. The STOCH value of 27.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ENERGYDEV.
Energy Development Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹25.38B | 6.33 | ― | 2.60% | 18.70% | 87.05% | |
62 Neutral | ₹11.92B | 16.93 | ― | ― | 11.20% | 51.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹457.01M | 42.70 | ― | ― | 12.13% | -32.72% | |
51 Neutral | ₹7.25B | 62.55 | ― | 0.50% | 10.10% | 64.96% | |
51 Neutral | ₹1.51B | 70.92 | ― | ― | 27.86% | -3.33% | |
48 Neutral | ₹805.13M | -281.83 | ― | ― | 41.18% | 99.73% |
* General Sector Average
IN:ENERGYDEV
Energy Development Co. Ltd.
17.21
-4.87
-22.06%
IN:DPSCLTD
India Power Corp. Ltd.
7.46
-6.44
-46.33%
IN:GIPCL
Gujarat Industries Power Co. Ltd.
167.00
-43.90
-20.82%
IN:GREENPOWER
Orient Green Power Company Ltd
10.14
-5.22
-33.98%
IN:INDOWIND
Indowind Energy Limited
9.33
-10.08
-51.93%
IN:KARMAENG
Karma Energy Limited
39.17
-31.73
-44.75%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.