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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Karma Energy Limited is an India-based company, which is engaged in generation of power from renewable sources like wind. The primary business activity of the Company is that of generation of power from renewable sources. The Company has developed and is operating about 33…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced.
KARMA ENERGY is scored on the commodity / cyclical framework. It keeps a slim 8.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.84× reported profit. Free cash flow is worth about 0.2% of its market value.
Over the last 3 years revenue compounded at -10%/yr and profit at -44%/yr. Book value has been broadly flat (2.0%/yr). Return on equity is a weak 0.6%.
At 37× earnings, the stock sits at the 47th percentile of its own 2.7-year range — the middle of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 44.74 | — | — |
| P/B | 1.24 | 2.57 | better |
| EV/EBITDA | 4.9 | 28.83 | better |
| ROE | 0.58 | — | — |
| ROCE | 0 | 9.82 | worse |
| ROA | -3.29 | — | — |
| Quick Ratio | 2.43 | 1.98 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Adani Power | 21.1 | 5.1 | 23.7% |
| NTPC | 10.3 | 1.5 | 13.9% |
| Power Grid Corp | 14.9 | 2.3 | 15.2% |
Negative CAGR — the top line has shrunk over this window. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (-10% vs -44%) — costs are rising faster than the top line.
Operating margin has compressed from 40% to -7% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 3% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 13pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -44% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.8× PAT — earnings are well-backed by cash; strong accrual quality.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 30% sequentially — momentum is building. Wide quarterly swings (69% spread) — likely seasonality, lumpy orders, or project-based revenue.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 154% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (21% → 12%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.7y median.
Promoters hold 74.7% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.