Karma Energy Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Karma Energy Ltd and is it undervalued?

As of 26 April 2026, Karma Energy Ltd's intrinsic value is 26.22, which is 48.89% lower than the current market price of 51.30, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (1.94 %), book value (36.0), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Karma Energy Ltd?

Karma Energy Ltd is trading at 51.30 as of 26 April 2026, with a FY2026-2027 high of 88.0 and low of 34.4. The stock is currently in the middle of its 52-week range. Market cap stands at 59.4 Cr..

Q: Is Karma Energy Ltd financially healthy?

Key indicators: ROCE of 1.38 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Karma Energy Ltd profitable and how is the profit trend?

Karma Energy Ltd reported a net profit of 2 Cr in Mar 2025 on revenue of 9 Cr. Compared to -2 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹20.74Overvalued by 59.57%vs CMP ₹51.30

P/E (36.4) × ROE (1.9%) × BV (₹36.00) × DY (2.00%)

₹26.22Overvalued by 48.89%vs CMP ₹51.30

MoS: -95.7% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹28.31	24%	Over (-44.8%)
Graham Number	Earnings	₹39.13	14%	Over (-23.7%)
Earnings Power	Earnings	₹13.19	12%	Over (-74.3%)
DCF	Cash Flow	₹44.69	12%	Over (-12.9%)
Net Asset Value	Assets	₹35.94	8%	Over (-29.9%)
EV/EBITDA	Enterprise	₹15.77	10%	Over (-69.3%)
Earnings Yield	Earnings	₹18.90	8%	Over (-63.2%)
ROCE Capital	Returns	₹12.07	8%	Over (-76.5%)
Revenue Multiple	Revenue	₹7.51	6%	Over (-85.4%)
Consensus (9 models)		₹26.22	100%	Overvalued

Key Drivers: EPS CAGR 36.4% lifts DCF — verify sustainability. | ROE 1.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 36.4%

*Investments are subject to market risks

Analyst Summary

Karma Energy Ltd operates in the Power - Generation/Distribution segment, NSE: KARMAENG | BSE: 533451, current market price is ₹51.30, market cap is 59.4 Cr.. At a glance, stock P/E is 36.4, ROE is 1.94 %, ROCE is 1.38 %, book value is 36.0, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹26.22, around 48.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹9 Cr versus the prior period change of -29.6%, while latest net profit is about ₹2 Cr with a prior-period change of 1,200.0%. The 52-week range shown on this page is 88.0/34.4, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKarma Energy Ltd. is a Public Limited Listed company incorporated on 15/03/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L311…

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

Investment Snapshot

Karma Energy Ltd scores 40/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health41/100 · Moderate

ROCE 1.4% WeakROE 1.9% WeakD/E 0.76 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money50/100 · Moderate

Promoter holding at 74.7% Stable

Earnings Quality30/100 · Weak

OPM contracting (22% → 17%) DecliningWorking capital: 639 days Capital intensive

Quarterly Momentum50/100 · Moderate

Revenue (4Q): +12% YoY GrowingOPM: -160.0% (down 13.2% YoY) Margin pressure

Industry Rank35/100 · Weak

P/E 36.4 vs industry 53.0 Cheaper than peersROCE 1.4% vs industry 8.9% Below peersROE 1.9% vs industry 11.6% Below peers3Y sales CAGR: -32% 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 25, 2026, 10:56 pm

Market Cap	59.4 Cr.
Current Price	51.3
Intrinsic Value	₹26.22
High / Low	88.0/34.4
Stock P/E	36.4
Book Value	36.0
Dividend Yield	0.00 %
ROCE	1.38 %
ROE	1.94 %
Face Value	10.0
PEG Ratio	1.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Karma Energy Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Karma Energy Ltd	59.4 Cr.	51.3	88.0/34.4	36.4	36.0	0.00 %	1.38 %	1.94 %	10.0
Tata Power Company Ltd	1,38,997 Cr.	435	441/342	36.8	118	0.52 %	10.8 %	11.0 %	1.00
Adani Power Ltd	4,10,571 Cr.	213	217/101	35.8	30.3	0.00 %	22.5 %	26.1 %	2.00
Rattanindia Power Ltd	5,091 Cr.	9.48	16.9/7.50	37.6	8.46	0.00 %	8.69 %	4.96 %	10.0
JSW Energy Ltd	95,764 Cr.	545	568/428	41.4	167	0.37 %	6.49 %	7.41 %	10.0
Industry Average	73,398.40 Cr	186.95		53.03	94.13	0.85%	8.92%	11.64%	7.77

All Competitor Stocks of Karma Energy Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1.87	1.15	3.51	6.31	1.51	1.03	2.40	4.42	0.94	0.94	3.06	4.62	1.20
Expenses	2.11	2.55	2.44	2.12	2.24	3.50	2.20	2.26	2.32	1.31	3.15	3.03	3.12
Operating Profit	-0.24	-1.40	1.07	4.19	-0.73	-2.47	0.20	2.16	-1.38	-0.37	-0.09	1.59	-1.92
OPM %	-12.83%	-121.74%	30.48%	66.40%	-48.34%	-239.81%	8.33%	48.87%	-146.81%	-39.36%	-2.94%	34.42%	-160.00%
Other Income	0.16	9.31	0.06	0.00	0.21	0.69	1.35	0.44	0.28	0.93	1.53	0.37	0.33
Interest	0.31	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.05	0.04	0.04	0.04	0.04
Depreciation	1.22	1.19	0.74	0.75	0.75	0.70	0.47	0.47	0.47	0.48	0.50	0.50	0.51
Profit before tax	-1.61	6.68	0.36	3.41	-1.30	-2.51	1.05	2.10	-1.62	0.04	0.90	1.42	-2.14
Tax %	-12.42%	36.08%	19.44%	24.93%	-23.08%	-30.68%	11.43%	17.62%	-13.58%	-675.00%	32.22%	26.06%	-110.75%
Net Profit	-1.41	4.26	0.29	2.57	-0.99	-1.74	0.93	1.72	-1.40	0.30	0.61	1.05	0.22
EPS in Rs	-1.22	3.68	0.25	2.22	-0.86	-1.50	0.80	1.49	-1.21	0.26	0.53	0.91	0.19

Last Updated: March 4, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	28.56	15.32	13.97	27.47	33.50	29.11	35.88	23.07	27.53	12.81	12.35	8.70	9.82
Expenses	12.90	10.24	9.00	16.80	25.61	25.23	25.90	24.89	22.24	9.62	9.14	8.09	10.61
Operating Profit	15.66	5.08	4.97	10.67	7.89	3.88	9.98	-1.82	5.29	3.19	3.21	0.61	-0.79
OPM %	54.83%	33.16%	35.58%	38.84%	23.55%	13.33%	27.81%	-7.89%	19.22%	24.90%	25.99%	7.01%	-8.04%
Other Income	2.68	2.72	5.58	1.15	0.31	-0.53	0.99	0.49	0.95	9.98	-0.18	3.00	3.16
Interest	8.11	7.13	6.99	7.77	4.50	4.22	5.35	5.25	3.41	1.14	0.12	0.15	0.16
Depreciation	7.74	4.90	5.00	4.98	4.98	4.96	5.42	5.11	5.09	4.83	2.94	1.89	1.99
Profit before tax	2.49	-4.23	-1.44	-0.93	-1.28	-5.83	0.20	-11.69	-2.26	7.20	-0.03	1.57	0.22
Tax %	38.15%	-26.00%	6.94%	-300.00%	-12.50%	-27.27%	15.00%	-8.55%	-5.75%	18.19%	-500.00%	-0.00%
Net Profit	1.53	-3.13	-1.54	1.85	-1.12	-4.25	0.17	-10.69	-2.13	5.89	0.12	1.56	2.18
EPS in Rs	1.32	-2.71	-1.33	1.60	-0.97	-3.67	0.15	-9.24	-1.84	5.09	0.10	1.35	1.89
Dividend Payout %	37.81%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-304.58%	50.80%	220.13%	-160.54%	-279.46%	104.00%	-6388.24%	80.07%	376.53%	-97.96%	1200.00%
Change in YoY Net Profit Growth (%)	0.00%	355.37%	169.33%	-380.67%	-118.92%	383.46%	-6492.24%	6468.31%	296.45%	-474.49%	1297.96%

Karma Energy 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:	-6%
5 Years:	-25%
3 Years:	-32%
TTM:	-17%

Compounded Profit Growth
10 Years:	9%
5 Years:	53%
3 Years:	39%
TTM:	15%

Stock Price CAGR
10 Years:	10%
5 Years:	37%
3 Years:	23%
1 Year:	-38%

Return on Equity
10 Years:	-3%
5 Years:	-4%
3 Years:	5%
Last Year:	4%

Last Updated: September 5, 2025, 8:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:31 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	11.57	11.57	11.57	11.57	11.57	11.57	11.57	11.57	11.57	11.57	11.57	11.57	11.57
Reserves	34.60	31.53	29.98	43.48	62.12	36.17	34.25	20.99	18.64	26.90	26.87	28.41	30.04
Borrowings	54.92	50.44	73.41	59.29	44.31	56.66	71.14	64.78	18.80	6.28	1.08	1.95	1.74
Other Liabilities	25.52	23.08	21.70	19.26	24.26	15.36	14.32	15.22	14.40	10.72	10.52	10.07	7.86
Total Liabilities	126.61	116.62	136.66	133.60	142.26	119.76	131.28	112.56	63.41	55.47	50.04	52.00	51.21
Fixed Assets	59.75	58.10	53.10	47.89	42.92	45.10	42.31	37.46	32.37	27.38	23.29	22.06	20.66
CWIP	0.29	0.32	0.34	0.37	0.32	0.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	34.36	34.36	44.21	53.13	78.61	49.88	58.99	52.42	1.88	13.52	12.54	5.76	8.40
Other Assets	32.21	23.84	39.01	32.21	20.41	24.45	29.98	22.68	29.16	14.57	14.21	24.18	22.15
Total Assets	126.61	116.62	136.66	133.60	142.26	119.76	131.28	112.56	63.41	55.47	50.04	52.00	51.21

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	19.08	10.63	-12.21	19.08	14.13	5.72	4.67	11.08	-1.59	4.96	4.43	1.66
Cash from Investing Activity +	-1.59	-3.22	-9.87	-4.26	3.98	-10.63	-19.40	0.12	50.69	8.55	0.69	-1.89
Cash from Financing Activity +	-15.78	-7.51	22.06	-15.06	-14.02	8.12	7.56	-11.03	-49.39	-13.49	-5.32	0.72
Net Cash Flow	1.71	-0.10	-0.02	-0.24	4.09	3.21	-7.16	0.17	-0.30	0.02	-0.20	0.49
Free Cash Flow	18.78	7.41	-12.23	19.04	14.19	-1.44	3.59	10.86	-1.59	5.39	3.52	0.84
CFO/OP	142%	275%	-245%	191%	194%	185%	48%	-671%	-29%	199%	163%	341%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-39.26	-45.36	-68.44	-48.62	-36.42	-52.78	-61.16	-66.60	-13.51	-3.09	2.13	-1.34

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	43.07	371.19	798.45	332.84	83.02	124.26	161.34	107.43	131.39	300.89	271.02	292.00
Inventory Days
Days Payable
Cash Conversion Cycle	43.07	371.19	798.45	332.84	83.02	124.26	161.34	107.43	131.39	300.89	271.02	292.00
Working Capital Days	94.32	-120.55	-667.56	-391.57	45.65	-169.02	-305.59	-623.36	92.01	104.29	207.77	638.96
ROCE %	9.85%	1.55%	0.34%	5.97%	2.77%	0.78%	5.01%	-6.01%	1.57%	6.98%	2.44%	1.38%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%	74.70%
Public	25.29%	25.30%	25.30%	25.28%	25.29%	25.30%	25.30%	25.30%	25.29%	25.29%	25.30%	25.31%
No. of Shareholders	7,769	7,630	7,716	8,314	8,749	9,465	10,940	11,162	11,339	11,539	11,745	11,403

Shareholding Pattern Chart

No. of Shareholders

Karma Energy 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

Month	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-1.40	-11.47	-0.24	-8.62	-2.11
Diluted EPS (Rs.)	-1.40	-11.47	-0.24	-8.62	-2.11
Cash EPS (Rs.)	3.87	-6.01	5.86	-4.62	2.19
Book Value[Excl.RevalReserv]/Share (Rs.)	26.11	8.55	22.86	37.13	73.90
Book Value[Incl.RevalReserv]/Share (Rs.)	26.11	8.55	22.86	37.13	73.90
Revenue From Operations / Share (Rs.)	27.36	21.85	36.19	29.99	34.83
PBDIT / Share (Rs.)	7.95	-0.62	12.24	7.49	10.63
PBIT / Share (Rs.)	2.67	-6.09	6.52	2.16	5.22
PBT / Share (Rs.)	-1.52	-12.34	0.14	-9.08	-1.57
Net Profit / Share (Rs.)	-1.40	-11.47	0.13	-9.96	-3.22
NP After MI And SOA / Share (Rs.)	-1.40	-11.47	-0.24	-8.62	-2.11
PBDIT Margin (%)	29.05	-2.88	33.81	24.96	30.51
PBIT Margin (%)	9.77	-27.87	18.00	7.19	14.98
PBT Margin (%)	-5.55	-56.44	0.38	-30.29	-4.49
Net Profit Margin (%)	-5.12	-52.49	0.37	-33.19	-9.24
NP After MI And SOA Margin (%)	-5.12	-52.49	-0.66	-28.76	-6.06
Return on Networth / Equity (%)	-5.37	-134.19	-1.05	-24.13	-2.99
Return on Capital Employeed (%)	5.88	-18.04	11.78	2.59	3.87
Return On Assets (%)	-2.56	-11.06	-0.19	-6.82	-1.33
Long Term Debt / Equity (X)	0.38	1.75	0.95	0.92	0.60
Total Debt / Equity (X)	0.57	8.71	3.33	1.85	0.76
Asset Turnover Ratio (%)	0.30	0.17	0.25	0.19	0.21
Current Ratio (X)	2.65	0.29	0.43	0.58	0.88
Quick Ratio (X)	2.43	0.26	0.39	0.53	0.69
Interest Coverage Ratio (X)	1.90	-0.10	1.92	1.26	1.57
Interest Coverage Ratio (Post Tax) (X)	0.66	-0.83	1.02	0.21	0.52
Enterprise Value (Cr.)	43.78	91.06	93.56	85.78	98.03
EV / Net Operating Revenue (X)	1.38	3.60	2.23	2.47	2.43
EV / EBITDA (X)	4.76	-124.92	6.61	9.90	7.97
MarketCap / Net Operating Revenue (X)	1.18	0.63	0.38	0.56	0.92
Price / BV (X)	1.24	1.61	0.61	0.47	0.45
Price / Net Operating Revenue (X)	1.18	0.63	0.38	0.56	0.92
EarningsYield	-0.04	-0.83	-0.01	-0.50	-0.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Karma Energy Ltd. is a Public Limited Listed company incorporated on 15/03/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L31101MH2007PLC168823 and registration number is 168823. Currently Company is involved in the business activities of Electric power generation using other non conventional sources. Company's Total Operating Revenue is Rs. 8.70 Cr. and Equity Capital is Rs. 11.57 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	Empire House, 214, Dr. D.N.Road, Mumbai Maharashtra 400001	Contact not found

Management
Name	Position Held
Mr. Dharmendra G Siraj	Chairman
Mr. Chetan D Mehra	Managing Director
Mr. Neelkamal V Siraj	Director
Mrs. Smita V Davda	Director
Mr. Balady S Shetty	Director
Mr. Hitesh V Siraj	Director

FAQ

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

As of 26 April 2026, Karma Energy Ltd's intrinsic value is ₹26.22, which is 48.89% lower than the current market price of ₹51.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.94 %), book value (₹36.0), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Karma Energy Ltd is trading at ₹51.30 as of 26 April 2026, with a FY2026-2027 high of ₹88.0 and low of ₹34.4. The stock is currently in the middle of its 52-week range. Market cap stands at ₹59.4 Cr..

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

Karma Energy Ltd has a P/E ratio of 36.4, which is below the industry average of 53.03. This is broadly in line with or below the industry average.

Is Karma Energy Ltd financially healthy?

Key indicators for Karma Energy Ltd: ROCE of 1.38 % is on the lower side compared to the industry average of 8.92%; ROE of 1.94 % is below ideal levels (industry average: 11.64%). Dividend yield is 0.00 %.

Is Karma Energy Ltd profitable and how is the profit trend?

Karma Energy Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹9 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows an improving trend.

Does Karma Energy Ltd pay dividends?

Karma Energy Ltd has a dividend yield of 0.00 % at the current price of ₹51.30. The company is currently not paying meaningful dividends.