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Last Updated: April 2, 2026, 2:52 am
Author: Getaka|Social: XLinkedIn

Energy Development Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹31.46Undervalued by 127.97%vs CMP ₹13.80

P/E (15.0) × ROE (75.6%) × BV (₹3.40) × DY (2.00%)

Defaults: P/E=15

₹14.79Fairly Valued by 7.17%vs CMP ₹13.80
MoS: +6.7% (Thin)Confidence: 40/100 (Low)Models: 2 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹22.1134%Under (+60.2%)
Net Asset ValueAssets₹3.5820%Over (-74.1%)
EV/EBITDAEnterprise₹24.6117%Under (+78.3%)
ROCE CapitalReturns₹9.8714%Over (-28.5%)
Revenue MultipleRevenue₹6.9415%Over (-49.7%)
Consensus (5 models)₹14.79100%Fairly Valued
Key Drivers: EPS CAGR -29.7% drags value — could be higher if earnings stabilize. | Wide model spread (₹4–₹25) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -29.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

45
Energy Development Company Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health39/100 · Weak
ROCE 3.9% WeakROE 75.6% ExcellentD/E 1.77 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 58.1% Stable
Earnings Quality50/100 · Moderate
OPM contracting (69% → 52%) DecliningWorking capital: -1,003 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +20% YoY GrowingProfit (4Q): -2,350% YoY Declining
Industry Rank40/100 · Moderate
ROCE 3.9% vs industry 9.0% Below peersROE 75.6% vs industry 11.7% Above peers3Y sales CAGR: -8% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:52 am

Market Cap 65.6 Cr.
Current Price 13.8
Intrinsic Value₹14.79
High / Low 29.8/13.2
Stock P/E
Book Value 3.40
Dividend Yield0.00 %
ROCE3.89 %
ROE75.6 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Energy Development Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Muzali Arts Ltd 5.80 Cr. 0.98 / 2.030.00 %8.46 %8.74 % 1.00
IND Renewable Energy Ltd 14.6 Cr. 10.5 16.7/9.72 18.70.00 %0.23 %0.31 % 10.0
GMR Power & Urban Infra Ltd 7,681 Cr. 98.4 141/89.0 19.70.00 %13.2 %% 5.00
Gita Renewable Energy Ltd 31.9 Cr. 77.6 138/60.1 31.50.00 %2.93 %2.93 % 10.0
SJVN Ltd 26,432 Cr. 67.3 108/63.041.8 37.12.17 %4.91 %5.81 % 10.0
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of Energy Development Company Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1710461194715831021
Expenses 3343335344645
Operating Profit 147-1386-14114-3615
OPM % 82%70%-21%53%70%69%-25%59%73%52%-110%60%74%
Other Income 111000100-76100
Interest 4413332222222
Depreciation 3333333333332
Profit before tax 71-4-231-5-16-77-7211
Tax % -3%-19%48%-11%-7%-13%11%-28%-3%-0%271%-8%5%
Net Profit 81-5-232-5-07-76-27211
EPS in Rs 1.710.34-1.35-0.340.620.35-1.08-0.101.38-16.08-5.680.352.23

Last Updated: January 1, 2026, 8:36 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 31, 2026, 4:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4938150115603530314337303345
Expenses 1510139106402018151213141720
Operating Profit 3427119201512173125161625
OPM % 69%73%7%8%33%44%41%53%71%66%54%49%55%
Other Income 685372422352-742
Interest 42372030212018191514101010
Depreciation 1012111112111010101010109
Profit before tax -12-13-155-10-12-14-1085-2-787
Tax % -17%4%3%22%29%-40%-69%-38%-21%20%-3%24%
Net Profit -10-14-154-13-7-4-6104-2-97-13
EPS in Rs -3.74-5.07-3.180.98-2.45-1.17-0.64-1.012.010.89-0.46-20.48-2.83
Dividend Payout % -13%-10%-16%51%-20%-43%-78%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-40.00%-7.14%126.67%-425.00%46.15%42.86%-50.00%266.67%-60.00%-150.00%-4750.00%
Change in YoY Net Profit Growth (%)0.00%32.86%133.81%-551.67%471.15%-3.30%-92.86%316.67%-326.67%-90.00%-4600.00%

Energy Development Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:2%
3 Years:-9%
TTM:17%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-1764%
Stock Price CAGR
10 Years:1%
5 Years:25%
3 Years:4%
1 Year:-24%
Return on Equity
10 Years:-10%
5 Years:-7%
3 Years:-15%
Last Year:-76%

Last Updated: September 5, 2025, 3:35 am

Balance Sheet

Last Updated: December 4, 2025, 1:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 28284848484848484848484848
Reserves 91771027561534742525654-44-31
Borrowings 331140131166165165160163160158154147143
Other Liabilities 38246232111868092939394954138
Total Liabilities 488491512400360345346346353356350192198
Fixed Assets 230217207197203192182172162151141131126
CWIP 214239244473030303030303044
Investments 000261212121212121200
Other Assets 4335611301151111221321491631675667
Total Assets 488491512400360345346346353356350192198

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 39231061715181528191022
Cash from Investing Activity + -42-14-26-59-2-2-4-11-5-1-3
Cash from Financing Activity + -1-816-4-22-19-15-11-15-13-13-21
Net Cash Flow -421-44-52-031-4-2
Free Cash Flow -62-121615181528191017
CFO/OP 124%87%106%65%88%104%149%92%92%77%64%137%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-297.00-113.00-120.00-157.00-145.00-150.00-148.00-146.00-129.00-133.00-138.00-131.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 139988314423638144143933840248688
Inventory Days
Days Payable
Cash Conversion Cycle 139988314423638144143933840248688
Working Capital Days -176-143-104-56231381539-445-528-688-1,003
ROCE %6%6%2%-0%4%3%2%3%9%8%3%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.14%
FIIs 0.00%0.00%0.00%0.11%0.04%0.19%0.00%0.08%0.00%0.00%0.00%0.00%
Public 41.87%41.86%41.84%41.74%41.82%41.66%41.85%41.78%41.85%41.85%41.87%41.86%
No. of Shareholders 23,56423,69724,93528,05329,63932,54636,27137,48737,40537,80737,05237,576

Shareholding Pattern Chart

No. of Shareholders

Energy Development Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -20.48-0.460.891.52-1.33
Diluted EPS (Rs.) -20.48-0.460.891.52-1.33
Cash EPS (Rs.) -18.321.713.063.690.85
Book Value[Excl.RevalReserv]/Share (Rs.) 0.8319.9120.3818.9917.43
Book Value[Incl.RevalReserv]/Share (Rs.) 0.8319.9120.3818.9917.43
Revenue From Operations / Share (Rs.) 6.906.327.889.056.59
PBDIT / Share (Rs.) 3.773.786.196.983.98
PBIT / Share (Rs.) 1.611.624.024.811.80
PBT / Share (Rs.) -16.45-0.461.111.18-2.15
Net Profit / Share (Rs.) -20.48-0.450.881.52-1.33
NP After MI And SOA / Share (Rs.) -20.48-0.450.881.83-1.00
PBDIT Margin (%) 54.6259.8278.4977.1560.40
PBIT Margin (%) 23.3025.5750.9653.1427.29
PBT Margin (%) -238.55-7.4114.1213.04-32.70
Net Profit Margin (%) -296.87-7.2211.2516.83-20.19
NP After MI And SOA Margin (%) -296.87-7.2211.2520.27-15.26
Return on Networth / Equity (%) -2451.07-2.144.078.86-5.34
Return on Capital Employeed (%) 9.304.169.9712.083.52
Return On Assets (%) -50.77-0.611.182.47-1.38
Long Term Debt / Equity (X) 21.180.880.901.001.76
Total Debt / Equity (X) 36.911.521.531.631.77
Asset Turnover Ratio (%) 0.120.080.100.040.03
Current Ratio (X) 0.320.760.780.761.07
Quick Ratio (X) 0.310.760.780.761.06
Inventory Turnover Ratio (X) 44.090.000.020.330.67
Interest Coverage Ratio (X) 1.861.812.131.921.01
Interest Coverage Ratio (Post Tax) (X) -1.190.781.311.420.66
Enterprise Value (Cr.) 203.06234.10207.04234.64190.48
EV / Net Operating Revenue (X) 6.207.805.535.466.09
EV / EBITDA (X) 11.3513.047.047.0810.08
MarketCap / Net Operating Revenue (X) 2.423.501.992.321.35
Price / BV (X) 19.961.040.721.010.47
Price / Net Operating Revenue (X) 2.423.501.992.321.35
EarningsYield -1.23-0.020.050.08-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Energy Development Company Ltd. is a Public Limited Listed company incorporated on 19/01/1995 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1995PLC017003 and registration number is 017003. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 11.50 Cr. and Equity Capital is Rs. 47.50 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionHarangi Hydro Electric Project, Village - Hulugunda, Kodagu District Karnataka 571233Contact not found
Management
NamePosition Held
Mr. Nitin Dutt SharmaChairperson & Non Executive Director
Mr. Satyendra Pal SinghExecutive Director
Mrs. Pankaja Kumari SinghDirector
Mr. Aman JainDirector
Ms. Disha Kumari SinghDirector
Mr. Dharam Veer SharmaDirector
Ms. VandanaDirector

FAQ

What is the intrinsic value of Energy Development Company Ltd and is it undervalued?

As of 14 April 2026, Energy Development Company Ltd's intrinsic value is ₹14.79, which is 7.17% higher than the current market price of ₹13.80, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (75.6 %), book value (₹3.40), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Energy Development Company Ltd?

Energy Development Company Ltd is trading at ₹13.80 as of 14 April 2026, with a FY2026-2027 high of ₹29.8 and low of ₹13.2. The stock is currently near its 52-week low. Market cap stands at ₹65.6 Cr..

How does Energy Development Company Ltd's P/E ratio compare to its industry?

Energy Development Company Ltd has a P/E ratio of , which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is Energy Development Company Ltd financially healthy?

Key indicators for Energy Development Company Ltd: ROCE of 3.89 % is on the lower side compared to the industry average of 8.95%; ROE of 75.6 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Energy Development Company Ltd profitable and how is the profit trend?

Energy Development Company Ltd reported a net profit of ₹-97 Cr in Mar 2025 on revenue of ₹33 Cr. Compared to ₹10 Cr in Mar 2022, the net profit shows a declining trend.

Does Energy Development Company Ltd pay dividends?

Energy Development Company Ltd has a dividend yield of 0.00 % at the current price of ₹13.80. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Energy Development Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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