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Ravindra Energy Ltd.
(RELTD)
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Rating:61Neutral
Price Target:
₹174.00
▲(0.72% Upside)
Action:Reiterated
Date:07/01/26
The score is primarily constrained by financial risk—higher leverage and consistently negative free cash flow—despite strong FY2026 growth and profitability. Technicals are supportive with the stock trading above major moving averages, but valuation is demanding (P/E 36.11), raising the bar for sustained execution.
Positive Factors
Strong revenue growth and margin expansion
FY2026’s near-doubling of revenue and material margin expansion reflect scalable solar asset economics and improved pricing or operating efficiency. These durable improvements increase the firm’s ability to generate operating earnings and support long-term capacity additions and service delivery.
Negative Factors
Rising leverage and higher debt burden
Materially higher leverage (debt/equity ~1.31) reduces financial flexibility and raises interest and refinancing risk. In a capital-intensive renewables business, elevated debt amplifies sensitivity to lower generation, tariff changes, or higher rates and constrains strategic optionality over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and margin expansion
FY2026’s near-doubling of revenue and material margin expansion reflect scalable solar asset economics and improved pricing or operating efficiency. These durable improvements increase the firm’s ability to generate operating earnings and support long-term capacity additions and service delivery.
Read all positive factors
Ravindra Energy Ltd. (RELTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.03B
Dividend YieldN/A
Average Volume (3M)12.57K
Price to Earnings (P/E)48.7
Beta (1Y)1.69
Revenue Growth116.92%
EPS Growth253.43%
CountryIN
Employees96
SectorGeneral
Sector StrengthN/A
IndustrySolar
Share Statistics
EPS (TTM)2.45
Shares Outstanding198,549,410
10 Day Avg. Volume9,089
30 Day Avg. Volume12,573
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)5.16
Price to Sales (P/S)4.01
P/FCF Ratio-7.01
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
Ravindra Energy Ltd. Business Overview & Revenue Model
Company Description
Ravindra Energy Limited (REL) is an Indian enterprise primarily engaged in the solar energy sector. The company provides solar pumping solutions and specializes in developing and implementing solar power generation facilities across the country. I...
How the Company Makes Money
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Ravindra Energy Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
61
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.79B | 5.43B | 2.50B | 1.31B | 2.53B | 7.65B |
| Gross Profit | 898.26M | 1.94B | 691.22M | 573.04M | 422.32M | 193.16M |
| EBITDA | 576.04M | 1.31B | 479.80M | -169.68M | 460.37M | 578.93M |
| Net Income | 435.38M | 808.31M | 216.63M | -515.60M | 155.26M | 326.56M |
Balance Sheet | ||||||
| Total Assets | 9.16B | 11.31B | 6.51B | 4.04B | 4.55B | 4.53B |
| Cash, Cash Equivalents and Short-Term Investments | 673.86M | 915.41M | 196.17M | 40.54M | 120.97M | 111.27M |
| Total Debt | 4.32B | 5.55B | 2.24B | 1.59B | 1.20B | 1.64B |
| Total Liabilities | 5.09B | 6.91B | 2.97B | 2.39B | 2.47B | 2.42B |
| Stockholders Equity | 3.94B | 4.23B | 3.39B | 1.48B | 1.93B | 2.04B |
Cash Flow | ||||||
| Free Cash Flow | -2.90B | -3.11B | -1.06B | -154.92M | 844.82M | -120.19M |
| Operating Cash Flow | 1.39B | 1.44B | 708.96M | 608.76M | 1.22B | 189.02M |
| Investing Cash Flow | -4.97B | -4.50B | -1.59B | -812.42M | -297.55M | -230.48M |
| Financing Cash Flow | 3.94B | 3.13B | 1.47B | 224.32M | -851.47M | -130.00M |
Ravindra Energy Ltd. Technical Analysis
Positive
172.75
Price Trends
167.76
Negative
151.98
Positive
148.53
Positive
Market Momentum
-2.39
Negative
47.60
Neutral
64.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELTD, the sentiment is Positive. The current price of 172.75 is above the 20-day moving average (MA) of 160.82, above the 50-day MA of 167.76, and above the 200-day MA of 148.53, indicating a neutral trend. The MACD of -2.39 indicates Negative momentum. The RSI at 47.60 is Neutral, neither overbought nor oversold. The STOCH value of 64.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RELTD.
Ravindra Energy Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹32.41B | 4.35 | ― | 0.33% | 76.28% | 54.75% | |
62 Neutral | ₹453.04B | 27.13 | ― | 0.15% | 26.70% | 58.85% | |
61 Neutral | ₹32.03B | 48.72 | ― | ― | 116.92% | 253.43% | |
61 Neutral | ₹758.25B | 19.86 | ― | 0.08% | 94.31% | 74.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹8.68B | 20.41 | ― | 0.61% | -10.86% | 55.28% | |
40 Neutral | ₹43.49B | -15.21 | ― | 3.25% | 3.19% | -362.93% |
* General Sector Average
IN:RELTD
Ravindra Energy Ltd.
159.80
12.80
8.71%
IN:PREMIERENE
Premier Energies Limited
989.50
-8.41
-0.84%
IN:SWELECTES
Swelect Energy Systems Limited
570.90
-171.67
-23.12%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
185.00
-81.45
-30.57%
IN:WAAREEENER
WAAREE Energies Limited
2,596.00
-660.72
-20.29%
IN:WEBELSOLAR
Websol Energy System Limited
75.21
-55.25
-42.35%
Ravindra Energy Ltd. Corporate Events
Ravindra Energy injects Rs. 150 crore into electric mobility associate EIM
Jun 30, 2026
Ravindra Energy Ltd. has invested approximately Rs. 150 crore into its associate company Energy In Motion Limited via a rights issue, subscribing to over 4.56 million equity shares at Rs. 328.41 per share. The funding aligns with the planned use o...
Ravindra Energy Completes Rights Issue and Secures Trading Approvals
Jun 30, 2026
Ravindra Energy Ltd. has completed its rights issue process, raising funds through the allotment of 19,854,940 equity shares at Rs 101 per share, including a premium of Rs 91. The issue was made on a rights basis to eligible shareholders and renou...
Ravindra Energy Files Promoter Disclosure Under SEBI Insider Trading Norms
Jun 19, 2026
Ravindra Energy Ltd. has informed the stock exchanges that it has received a disclosure dated June 19, 2026, from its promoter Khandepar Investments Private Limited under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 20...
Ravindra Energy Promoter Renounces Entire Rights Entitlements in Regulatory Filing
Jun 19, 2026
Ravindra Energy Ltd. has disclosed a change in the holdings of promoter and director Narendra Madhusudan Murkumbi, in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company informed stock exchan...
Ravindra Energy launches Rs 2 billion rights issue to strengthen equity base
Jun 3, 2026
Ravindra Energy Limited has filed a letter of offer for a rights issue of up to 19.83 million fully paid equity shares at Rs 101 per share, raising as much as Rs 2,003.12 million. The offer, in the ratio of one rights share for every nine held as ...
Ravindra Energy’s Unit Starts India’s Largest Heavy EV Battery-Swapping Hub at JNPT
May 3, 2026
Ravindra Energy said its associate Energy in Motion has started commercial operations at what it calls India’s largest battery swapping and charging station for heavy vehicles, located at the Nhava Sheva Freeport Container Terminal in Jawaha...
Ravindra Energy updates markets on renewable and EV businesses, files FY26 results
Apr 29, 2026
Ravindra Energy Limited has notified stock exchanges and stakeholders of a general business update covering its renewable energy operations and electric vehicle business activities. The company has also submitted its quarterly and year-to-date fin...
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.