Energy Development Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹65.53Undervalued by 339.80%vs CMP ₹14.90

P/E (295.0) × ROE (33.2%) × BV (₹0.82) × DY (2.00%)

₹24.23Undervalued by 62.62%vs CMP ₹14.90
MoS: +38.5% (Strong)Confidence: 40/100 (Low)Models: 2 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹46.0439%Under (+209%)
Net Asset ValueAssets₹0.8219%Over (-94.5%)
EV/EBITDAEnterprise₹25.7516%Under (+72.8%)
ROCE CapitalReturns₹8.7213%Over (-41.5%)
Revenue MultipleRevenue₹6.9414%Over (-53.4%)
Consensus (5 models)₹24.23100%Undervalued
Key Drivers: EPS CAGR -29.7% drags value — could be higher if earnings stabilize. | P/E of 295 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

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

*Investments are subject to market risks

Analyst Summary

Energy Development Company Ltd operates in the Power - Generation/Distribution segment, current market price is ₹14.90, market cap is 70.9 Cr.. At a glance, stock P/E is 295, ROE is 33.2 %, ROCE is 14.3 %, book value is 0.82, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹24.23, which is about 62.6% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹33 Cr versus the prior period change of 10.0%, while latest net profit is about ₹-97 Cr with a prior-period change of -4,750.0%. The 52-week range shown on this page is 29.7/13.2, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisEnergy 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(…

This summary is generated from the stock page data available for Energy Development Company Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

51
Energy Development Company Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 14.3% GoodROE 33.2% 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 Rank55/100 · Moderate
P/E 295.0 vs industry 174.9 Premium to peersROCE 14.3% vs industry 8.7% Above peersROE 33.2% vs industry 9.3% 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.

Share Price and Basic Stock Data

Last Updated: September 14, 2026, 1:00 pm

Market Cap 70.9 Cr.
Current Price 14.9
Intrinsic Value₹25.82
High / Low 29.7/13.2
Stock P/E295
Book Value 0.82
Dividend Yield0.00 %
ROCE14.3 %
ROE33.2 %
Face Value 10.0
PEG Ratio-9.92

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
Energy Development Company Ltd 70.9 Cr. 14.9 29.7/13.2295 0.820.00 %14.3 %33.2 % 10.0
Adani Green Energy Ltd 2,11,053 Cr. 1,281 1,632/765109 1210.00 %7.39 %11.4 % 10.0
India Power Corporation Ltd 695 Cr. 7.14 13.3/6.8486.3 6.680.70 %4.20 %1.05 % 1.00
JSW Energy Ltd 99,870 Cr. 545 617/42849.8 1750.37 %8.16 %7.51 % 10.0
Karma Energy Ltd 44.2 Cr. 38.2 73.8/34.449.7 35.30.00 %4.76 %0.42 % 10.0
Industry Average68,170.65 Cr169.10174.8796.591.26%8.65%9.25%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: June 26, 2026, 2:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 27.5047.5047.5047.5047.5047.5047.5047.5047.5047.5047.5047.50
Reserves 77.18101.8975.3860.9652.5546.5941.9251.6255.9053.70-43.53-43.59
Borrowings 140.39130.82166.03165.38165.40159.90162.89160.16158.49153.84146.58137.49
Other Liabilities 246.27231.71111.0786.0579.6291.8793.2193.2394.2995.3240.9939.05
Total Liabilities 491.34511.92399.98359.89345.07345.86345.52352.51356.18350.36191.54180.45
Fixed Assets 217.01206.61196.88203.29192.13181.85171.77161.54151.24140.97130.89126.28
CWIP 239.19244.1846.9429.7129.7129.7129.7129.7129.7129.714.390.00
Investments 0.190.0225.9712.3112.3112.3112.3112.2912.2912.290.000.00
Other Assets 34.9561.11130.19114.58110.92121.99131.73148.97162.94167.3956.2654.17
Total Assets 491.34511.92399.98359.89345.07345.86345.52352.51356.18350.36191.54180.45

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 23.2710.465.6616.6915.3018.1415.3128.1018.9910.3021.9726.21
Cash from Investing Activity + -13.55-26.03-5.298.91-1.93-1.50-4.21-10.65-5.22-1.13-3.370.73
Cash from Financing Activity + -7.7516.45-3.88-21.68-18.51-14.91-11.18-14.80-12.63-12.69-20.52-20.99
Net Cash Flow 1.970.89-3.513.92-5.131.73-0.072.661.14-3.52-1.925.95
Free Cash Flow 2.15-1.111.8316.2014.9518.1715.1828.0018.9810.2817.3926.13
CFO/OP 87%106%65%88%104%149%92%92%77%64%137%96%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow34.00-113.39-119.82-157.03-145.38-150.40-147.90-145.89-129.16-133.49-137.84-130.58

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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%0.11%0.04%0.19%0.00%0.08%0.00%0.00%0.00%0.00%0.00%0.00%
Public 41.84%41.74%41.82%41.66%41.85%41.78%41.85%41.85%41.87%41.86%41.85%41.85%
No. of Shareholders 24,93528,05329,63932,54636,27137,48737,40537,80737,05237,57636,79136,707

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

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

As of 14 September 2026, Energy Development Company Ltd's intrinsic value is ₹24.23, which is 62.62% higher than the current market price of ₹14.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (33.2 %), book value (₹0.82), 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 ₹14.90 as of 14 September 2026, with a FY2026-2027 high of ₹29.7 and low of ₹13.2. The stock is currently near its 52-week low. Market cap stands at ₹70.9 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 295, which is above the industry average of 174.87. The premium over industry average may reflect growth expectations or speculative interest.

Is Energy Development Company Ltd financially healthy?

Key indicators for Energy Development Company Ltd: ROCE of 14.3 % is moderate; ROE of 33.2 % 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 ₹14.90. The company is currently not paying meaningful dividends.

Last Updated: September 14, 2026, 1:00 pm
Author: Getaka|Social: XLinkedIn
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