Renewable Energy / Power Generation
₹00.1168
KARMAENG
Karma Energy Ltd. is a public limited company actively engaged in the generation of power from renewable energy sources, with a primary focus on wind energy. The company operates wind farms across Andhra Pradesh, Tamil Nadu, and Maharashtra. Incorporated in 2007, Karma Energy Ltd. has established itself as a significant player in India's burgeoning renewable energy sector, dedicated to sustainable power generation through various clean energy avenues.
Following a scheme of arrangement, the company's name was officially changed from Karma Wind Power Ltd. to Karma Energy Ltd. Concurrently, seven subsidiary companies were established. The company's Equity Shares were listed on the Bombay Stock Exchange Ltd (BSE) and the National Stock Exchange Ltd (NSE) effective from June 28, 2011. Karma Energy Ltd. trades under the symbol KARMAENG on the NSE and holds the BSE code 533451.
Karma Energy Ltd. operates in the power generation sector, utilizing renewable energy sources. Its primary business activities encompass wind power, hydropower, and solar power. The electricity generated is transmitted through government-owned grids and supplied to state utilities. The company also generates revenue by selling wind power directly to state governments and through the sale of Renewable Energy Certificates (RECs).
The company possesses a substantial portfolio in the renewable energy domain, both in terms of operations and development. Karma Energy Ltd. has developed and currently operates approximately 33 MW of wind power projects across Andhra Pradesh, Maharashtra, and Tamil Nadu. Beyond its operational capacity, the company has wind power projects with an aggregate capacity of approximately 700 MW that are in various stages of implementation across Gujarat, Karnataka, and Maharashtra. Additionally, it is developing approximately 10 MW of small hydel projects in Himachal Pradesh.
A notable milestone was achieved with the commissioning of a 3.5 MW Small Hydro Project at Chamba, Himachal Pradesh, by its subsidiary company, Batot Hydro Power Ltd., on June 16, 2012.
As of July 2025, Karma Energy Ltd.'s market capitalization stood at ₹80.70 Cr. The company's financial performance indicates mixed results with recent positive trends. For the full financial year ending March 2025, net profit saw a substantial increase of 1200.00% to ₹1.56 crore, compared to ₹0.12 crore in the previous year ending March 2024. However, sales declined by 29.55% to ₹8.70 crore in the year ended March 2025, down from ₹12.35 crore in the previous year.
The quarterly performance for Q4 FY25 also showed positive developments. Net profit for Karma Energy was reported at ₹0.30 crore in the quarter ended March 2025, a significant improvement from a net loss of ₹1.74 crore recorded in the corresponding quarter ended March 2024. Sales for the quarter declined by 8.74% to ₹0.94 crore in the quarter ended March 2025, compared to ₹1.03 crore in the same period last year.
The company's valuation metrics as of July 2025 provide further insights:
* The latest Price-to-Earnings (PE) ratio for Karma Energy Ltd. as of Jul 11, 2025, 10:44 AM is 56.72.
* The latest Price-to-Book (PB) ratio for Karma Energy Ltd. as of Jul 11, 2025, 10:44 AM is 0.50.
* The 52-week high of Karma Energy Ltd. share price is ₹99.00, while the 52-week low is ₹44.91.
The company maintains a strong promoter holding of 74.7%, reflecting sustained confidence from its founding management team.
Search interest for Karma Energy Ltd. stock has surged by 556% over the last 30 days, indicating a substantial upward trend in investor search activity. This heightened attention from investors coincides with the company's improved financial performance and the broader national focus on renewable energy investments in India.
The stock has experienced significant volatility. Karma Energy Ltd. has delivered a return of 13.38% in the last 3 years. However, the company has recorded a poor sales growth of -24.7% over the past five years.
The performance of Karma Energy Ltd. is intrinsically linked to the Renewable Energy Policies established by both the Central and State Governments. The effectiveness of nodal agencies and the formulation and implementation of supportive policies by State Electricity Regulatory Commissions are crucial. This inherent regulatory dependency makes the company's financial performance susceptible to policy changes and government initiatives within the renewable energy sector.
Despite reporting profits, Karma Energy Ltd. has not declared any dividends. This suggests that the management is likely reinvesting profits back into the business for expansion and the development of new renewable energy projects, prioritizing long-term growth over immediate shareholder returns.
Karma Energy Ltd. represents a focused investment opportunity within India's accelerating renewable energy transition, with significant developmental projects that hold the potential to drive future growth. However, prospective investors should carefully consider the company's revenue volatility, its dependency on regulatory frameworks, and the capital-intensive nature of the renewable energy business when evaluating investment prospects.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer