Ravindra Energy Limited (RELTD) is an India-based holding company incorporated in 1980, principally engaged in selling solar pumps, setting up solar generation power plants (ground mount and rooftop), and the generation and sale of power. The company operates through two main segments: Solar and Trading, positioning itself as a key player in India's burgeoning renewable energy sector.
The company holds significant industry credentials, being accredited by the Ministry of New and Renewable Energy as an Empanelled Supplier of Solar Water Pumps and a Roof Channel Partner. These accreditations enable the company to offer the full range of subsidies available for solar systems, with all products designed to comply with the ministry's standards.
Ravindra Energy has established itself as a comprehensive solar energy solutions provider with diverse operational capabilities. The company partners with farmers to commission and operate projects allocated under the Government of Karnataka policy, aiming to promote distributed solar power generation by landowning farmers. It has successfully developed over 30 MW of these grid-connected projects in the state of Karnataka.
The company offers solar rooftop solutions on both EPC (Engineering, Procurement and Construction) and BOOT (Build-Own-Operate-Transfer) basis, seeking to partner with existing electricity customers by offering rooftop solar systems. Solar pumps represent another key area that the company has developed in conjunction with farmers in Northern Karnataka.
Significant operational progress includes the commissioning of 13.9 MWp grid-connected solar power generation facilities at Kumbhari Village in District Sholapur, Maharashtra, through its subsidiary companies in 2023. Additionally, Agri Venture Trading and Investment Private Limited was amalgamated with the company through a Scheme of Amalgamation effective May 15, 2023, further consolidating its business operations. The company has also expanded its brand presence with the launch of its "Orenj" brand in Belagavi, Karnataka, in January 2021, establishing a demo center to showcase its solar solutions.
The company has demonstrated a strong financial recovery in recent quarters, indicating potential for improved operational efficiency and market positioning in the expanding solar energy sector.
Ravindra Energy's revenue jumped 422.25% year-on-year to ₹164.98 crore in Q4 FY25, with quarterly growth of 195.98% compared to the previous quarter. Net profit surged 120.35% year-on-year to ₹12.90 crore in Q4 FY25, with quarterly growth of 491.74% compared to the previous quarter. The company's market capitalization increased by 92.6% in one year, reflecting growing investor confidence.
- Q4 FY25 Performance:
- Revenue: ₹164.98 crore
- Net Profit: ₹12.90 crore
- Net Profit Margin: 7.82%
- Annual Revenue (FY24): ₹146 crore
- Annual Revenue (FY25): ₹250 crore
- Annual Profit (FY25): ₹21.8 crore
- Market Capitalization: ₹2,128.37 crore (as of June 6, 2025)
- P/E Ratio: 97.59
- P/B Ratio: 12.89
- Promoter Holding: 64.8%
- 52-Week High: ₹166.39
- 52-Week Low: ₹60.30
The company operates through several key subsidiaries, which contribute to its diversified business operations. These include Agri Venture Trading and Investment Private Limited, Rhibhu Rooftop Solar Solutions Limited, Renuka Energy Resource Holdings FZE, REL Rural Warehousing Limited, and Ravindra Energy KNSP1 Private Limited.
As of February 29, 2024, the company maintains a workforce of 78 employees. The company has an authorised share capital of ₹1,885 crore and a paid-up capital of ₹1,199 crore.
Ravindra Energy Ltd is strategically positioned within the Industrials sector, specifically within the Electrical Components & Equipment sub-sector, with a strong focus on renewable energy. The company is poised to benefit significantly from India's accelerating growth in the renewable energy sector and proactive government initiatives promoting solar power adoption.
Despite facing historical challenges such as a poor sales growth of -19.0% over the past five years, the company's recent strong financial turnaround, particularly in Q4 FY25, highlights its potential for improved operational efficiency and a stronger market position. With a robust pipeline of projects and a clear focus on expanding its solar energy solutions, Ravindra Energy Ltd is well-positioned for future growth in India's expanding green energy landscape.
