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Karma Energy Limited
(KARMAENG)
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Rating:53Neutral
Price Target:
₹41.00
▼(-34.09% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily supported by a de-risked balance sheet and improved recent free cash flow, but is materially constrained by highly volatile operating performance and a high P/E valuation. Technical indicators are mixed, with weak longer-term trend signals and only neutral near-term momentum.
Positive Factors
De-risked Balance Sheet
Lower leverage and a stable equity base improve financial flexibility, reduce balance-sheet risk and give the company greater capacity to withstand operating volatility or fund future renewable projects.
Negative Factors
Volatile Revenue and Profitability
Unstable revenue and earnings make performance difficult to forecast and weaken confidence in recurring profitability, limiting the company’s ability to consistently convert its renewable operations into durable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked Balance Sheet
Lower leverage and a stable equity base improve financial flexibility, reduce balance-sheet risk and give the company greater capacity to withstand operating volatility or fund future renewable projects.
Read all positive factors
Karma Energy Limited (KARMAENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹424.38M
Dividend Yield3.18%
Average Volume (3M)456.00
Price to Earnings (P/E)48.3
Beta (1Y)0.79
Revenue Growth5.75%
EPS Growth-28.47%
CountryIN
Employees33
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.77
Shares Outstanding11,569,918
10 Day Avg. Volume242
30 Day Avg. Volume456
Financial Highlights & Ratios
PEG Ratio-1.16
Price to Book (P/B)0.97
Price to Sales (P/S)4.07
P/FCF Ratio19.60
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
Karma Energy Limited Business Overview & Revenue Model
Company Description
Karma Energy Ltd. engages in the business of generation of power from renewable energy sources. It focuses on wind and small hydel projects. The company was founded on March 15, 2007 and is headquartered in Mumbai, India....
Karma Energy Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 99.04M | 97.58M | 87.03M | 123.52M | 128.08M | 275.35M |
| Gross Profit | 2.55M | -17.78M | 55.35M | 82.95M | 82.09M | 26.69M |
| EBITDA | 1.34M | -28.64M | 36.07M | 30.32M | 131.76M | 62.38M |
| Net Income | 8.82M | 10.49M | 15.60M | 1.24M | 58.90M | -21.26M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 470.63M | 519.99M | 500.44M | 554.68M | 634.04M |
| Cash, Cash Equivalents and Short-Term Investments | 1.06M | 1.06M | 5.77M | 907.00K | 2.95M | 110.02M |
| Total Debt | 0.00 | 15.26M | 19.48M | 10.79M | 62.84M | 188.03M |
| Total Liabilities | -408.25M | 62.38M | 120.19M | 116.02M | 169.95M | 331.91M |
| Stockholders Equity | 408.25M | 408.25M | 399.79M | 384.43M | 384.73M | 302.13M |
Cash Flow | ||||||
| Free Cash Flow | 10.47M | 20.25M | 3.19M | 35.24M | 49.62M | -10.95M |
| Operating Cash Flow | 11.24M | 36.31M | 16.60M | 44.31M | 49.62M | -10.90M |
| Investing Cash Flow | -11.28M | -36.00M | -18.93M | 6.87M | 85.45M | 501.83M |
| Financing Cash Flow | -2.97M | -5.03M | 7.20M | -53.22M | -134.91M | -493.89M |
Karma Energy Limited Technical Analysis
Negative
62.21
Price Trends
38.76
Negative
42.78
Negative
44.30
Negative
Market Momentum
-0.61
Positive
45.04
Neutral
19.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KARMAENG, the sentiment is Negative. The current price of 62.21 is above the 20-day moving average (MA) of 38.17, above the 50-day MA of 38.76, and above the 200-day MA of 44.30, indicating a bearish trend. The MACD of -0.61 indicates Positive momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 19.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KARMAENG.
Karma Energy Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | ₹69.28B | 55.55 | ― | ― | 16.08% | 202.61% | |
56 Neutral | ₹292.01B | 42.15 | ― | 0.09% | 47.52% | 55.34% | |
55 Neutral | ₹59.80B | 12.59 | ― | 0.29% | 40.01% | 27.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹424.38M | 48.29 | ― | 3.18% | 5.75% | -28.47% | |
47 Neutral | ₹1.44B | 177.00 | ― | ― | -1.42% | -61.23% | |
45 Neutral | ₹2.12T | 120.19 | ― | ― | 10.30% | 1.33% |
* General Sector Average
IN:KARMAENG
Karma Energy Limited
36.68
-14.61
-28.49%
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IN:INOXGREEN
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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.