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Ravindra Energy Ltd.
(RELTD)
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Rating:54Neutral
Price Target:
₹150.00
▼(-13.17% Downside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by financial risk (rising leverage and sustained negative free cash flow) despite a strong FY2026 profitability and growth inflection. Technicals also lean bearish with below-average pricing and weak momentum indicators, while valuation remains expensive (high P/E) without dividend support.
Positive Factors
Revenue and Margin Growth
The sharp FY2026 revenue increase and expanded net margin indicate a meaningful improvement in operating performance. If the company can retain this scale and profitability across solar generation and EPC activities, it should have greater capacity to reinvest and strengthen its earnings base over the next several quarters.
Negative Factors
Rising Leverage
The sharp increase in debt relative to equity reduces financial flexibility and makes the company more sensitive to any downturn following its strong growth year. Higher leverage can also constrain future investment choices and increase the importance of maintaining stable operating earnings and cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Growth
The sharp FY2026 revenue increase and expanded net margin indicate a meaningful improvement in operating performance. If the company can retain this scale and profitability across solar generation and EPC activities, it should have greater capacity to reinvest and strengthen its earnings base over the next several quarters.
Read all positive factors
Ravindra Energy Ltd. (RELTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹29.33B
Dividend YieldN/A
Average Volume (3M)10.30K
Price to Earnings (P/E)45.3
Beta (1Y)1.56
Revenue Growth116.92%
EPS Growth253.43%
CountryIN
Employees96
SectorGeneral
Sector StrengthN/A
IndustrySolar
Share Statistics
EPS (TTM)2.45
Shares Outstanding198,561,900
10 Day Avg. Volume12,171
30 Day Avg. Volume10,305
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)5.29
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
RELTD’s earnings are primarily expected to come from (a) selling electricity generated from its solar power assets and (b) providing solar EPC/project execution services for third parties. In power generation, revenue is typically realized by supp...
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 | 11.87B | 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 | 4.12B | 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
Neutral
172.75
Price Trends
157.92
Negative
154.41
Negative
148.07
Positive
Market Momentum
-2.89
Negative
45.83
Neutral
37.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RELTD, the sentiment is Neutral. The current price of 172.75 is above the 20-day moving average (MA) of 149.19, above the 50-day MA of 157.92, and above the 200-day MA of 148.07, indicating a neutral trend. The MACD of -2.89 indicates Negative momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 37.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹30.86B | 4.05 | ― | 0.36% | 76.28% | 54.75% | |
62 Neutral | ₹410.53B | 24.64 | ― | 0.16% | 26.70% | 58.85% | |
61 Neutral | ₹690.08B | 18.09 | ― | 0.17% | 94.31% | 74.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹29.33B | 45.30 | ― | ― | 116.92% | 253.43% | |
50 Neutral | ₹9.28B | 21.78 | ― | 0.58% | -10.86% | 55.28% | |
44 Neutral | ₹40.29B | -13.66 | ― | 3.25% | 3.19% | -362.93% |
* General Sector Average
IN:RELTD
Ravindra Energy Ltd.
148.80
-4.07
-2.66%
IN:PREMIERENE
Premier Energies Limited
912.00
-106.15
-10.43%
IN:SWELECTES
Swelect Energy Systems Limited
606.45
-293.20
-32.59%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
168.35
-73.45
-30.38%
IN:WAAREEENER
WAAREE Energies Limited
2,396.50
-924.72
-27.84%
IN:WEBELSOLAR
Websol Energy System Limited
69.05
-46.59
-40.29%
Ravindra Energy Ltd. Corporate Events
Ravindra Energy Shareholders Clear All Resolutions at 46th AGM
Sep 29, 2026
Ravindra Energy Limited convened its 46th Annual General Meeting on September 28, 2026, via video conferencing, providing shareholders with remote and electronic e-voting facilities in line with Indian corporate and securities regulations. The mee...
Ravindra Energy Files Investor Presentation, Plans Clean Energy–EV Platform
Sep 29, 2026
Ravindra Energy Limited has submitted an investor presentation to the BSE and NSE following an earlier intimation about an analyst and investor meeting held on September 29, 2026. The presentation materials are being shared with the exchanges and ...
Ravindra Energy Sets September 28, 2026 AGM, Rolls Out 2025-26 Annual Report
Sep 6, 2026
Ravindra Energy Ltd. has scheduled its 46th Annual General Meeting for September 28, 2026, at noon, to be conducted via video conferencing and other audio-visual means, reflecting the company’s continued use of digital platforms for sharehol...
Ravindra Energy Sets September 28 Virtual AGM, Details E-Voting Process
Sep 6, 2026
Ravindra Energy Ltd. has published notices in Vijayavani and Business Standard announcing that its 46th Annual General Meeting will be held on September 28, 2026, via video conferencing and other audio-visual means, in line with Ministry of Corpor...
Ravindra Energy Associate to Deploy 500 Electric Heavy Trucks on Key Indian Freight Corridors
Sep 1, 2026
Energy In Motion Ltd., an associate of Ravindra Energy Ltd., has signed a strategic memorandum of understanding with Oil Field Warehouse Services Ltd. and Radiance Green Mobility Pvt. Ltd. to deploy 500 electric heavy commercial vehicles across k...
Ravindra Energy Boosts Paid-Up Capital with ESOP Share Allotment
Aug 25, 2026
Ravindra Energy has allotted 12,500 equity shares to eligible employees under its 2022 Employee Stock Option Plan at an exercise price of Rs. 100 per share. Following this issuance, the company’s paid-up equity share capital has risen to Rs....
Ravindra Energy Discloses Promoter Share Pledge Under SEBI Insider Trading Rules
Aug 21, 2026
Ravindra Energy Ltd. has disclosed that promoter entity Khandepar Investments Private Limited has created a pledge over its equity shares in the company, in compliance with Regulation 7(2) of SEBI’s Prohibition of Insider Trading Regulations...
Ravindra Energy Promoter Pledges Shares Worth Rs 5 Crore
Aug 21, 2026
Ravindra Energy Ltd. disclosed that its promoter, Narendra Madhusudan Murkumbi, has created a pledge over 300,000 equity shares of the company, valued at about Rs 5.0 crore. The pledged shares represent part of his existing 20.92% stake, and the t...
Ravindra Energy Promoters Create Encumbrance on Shares, Notify Exchange Under SEBI Rules
Aug 21, 2026
Ravindra Energy Ltd. disclosed that its promoters have created an encumbrance on a portion of their shareholding, as reported to the stock exchange under Regulation 31(1) of the SEBI (SAST) Regulations, 2011. The filing signals a change in the sec...
Ravindra Energy Reports No Deviation in Use of Rs 200 Crore Rights Issue Funds
Aug 14, 2026
Ravindra Energy Limited has submitted to BSE and NSE a statement on the utilisation of proceeds from its recent rights issue for the quarter ended Q1 FY2026-27. The rights issue, completed on June 25, 2026, raised about Rs 200.53 crore from shareh...
Ravindra Energy Issues Q1 Update on Renewable and EV Businesses
Aug 14, 2026
Ravindra Energy Limited has issued a general business update to stakeholders covering its renewable energy operations and electric vehicle business activities for the quarter ended June 30, 2026. The company noted that its quarterly and year-to-da...
Ravindra Energy Reappoints Shantanu Lath as CEO for New Three-Year Term
Aug 14, 2026
Ravindra Energy Ltd. has reappointed Mr. Shantanu Lath as Whole-time Director and Chief Executive Officer for a further three-year term, effective August 11, 2026, following approval by the Board on August 14, 2026.The decision, recommended by the...
Ravindra Energy Grants Remaining ESOPs to Support Expansion Plans
Jul 11, 2026
Ravindra Energy Ltd. has granted 310,000 employee stock options under the Ravindra Energy Employees Stock Option Scheme 2022, representing the remaining ungranted portion of the 1,367,301 options previously approved by shareholders. The grant, des...
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.