KARAMTARA share price, P/E, ROE & financials

Karamtara Engineering (KARAMTARA) had a P/E of 52.8× on 6 Nov 2026, above the industry P/E of 15.5×, and the shares are 15% below their 52-week high. Its ROCE of 18% is the second-lowest among the 7 largest Solar peers, and sales and net profit grew 40% and 75% a year over 3 years. Debt is 0.91× equity. It is a small-cap company with a market cap of ₹13,527 Cr, ranked 4th of 27 Solar companies by market cap; the shares rose 6.7% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹371.10
Day high: ₹383.80
Day low: ₹367.40
Prev. close: ₹379.35
Volume: 6.7 L

Health check

1 good · 1 fair · 4 to check

ReturnsAhead
+6.7% over a year, better than 5 of 7 peers.
Price tagPricier
P/E 52.8 vs industry 15.5.
GrowthSlow
Sales +40.4%, profit +75.4% a year over 3 years.
ProfitabilityWeak
ROCE 18.1% vs peer median 28.9%.
Balance sheetFair
Debt 0.91× equity, interest covered 5.9×, Piotroski 6 of 9.
Red flags1 to check
P/E of 52.8 against an industry P/E of 15.5.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Solar

26 listed peers. Screen the industry

Small cap

₹13,527 Cr, #4 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹4,975 Cr · profit ₹256 Cr

Market cap: ₹13,527 Cr; Small cap
P/E: 52.8; Industry 15.5
Price to book: 9.00; Peers 3.96
Dividend yield: 0.00%
ROE: 20.8%; Peers 36.4%
ROCE: 18.1%; Peers 28.9%
Debt to equity: 0.91; Debt ₹1,105 Cr
EPS (TTM): ₹7.11; Face value ₹10
OPM (TTM): 9.0%; Net margin 5.1%
Sales growth: +72.3%; Latest quarter vs a year ago
Profit growth: +45.3%; Latest quarter vs a year ago
Price to sales: 2.72; EV/EBITDA 23.8

Strengths

Return on equity of 20.8%.
Quarterly profit up 45.3% on a year ago.
Quarterly sales up 72.3% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 52.8 against an industry P/E of 15.5.

Derived automatically from reported figures. Not a recommendation.

About Karamtara Engineering

Karamtara Engineering Limited manufactures and sells solar mounting structures and tracker components for the solar and transmission sectors in India, North America, Latin America, Europe, Asia, Africa, and Australia. The company offers module mounting structures, tracker piles and piers, and torque tubes; lattice towers for transmission lines; wind towers and steel profiles; fasteners such as bolts, nuts, studs, and washers; and overhead transmission…

Headquarters: Mumbai
Employees: 1,015
Sector: Technology
ISIN: INE590T01012
Website: karamtara.com

Price range

52 weeks

₹320.00₹444.00

Today

₹367.40₹383.80

Avg volume (3M): 39.5 L
1-year return: plus 6.7%
From 52-week high: minus 15.4%

Peers · Solar

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
WAAREEENERWaaree Energies	2,438.00	minus 0.46%	70,129	19.0	12.0	30.1%	19.9%	0.31	57.8%	minus 27.3%
PREMIERENEPremier Energies	890.00	plus 0.85%	40,316	22.5	17.4	27.4%	29.9%	0.86	76.2%	minus 15.3%
EMMVEEEmmvee Photovoltaic Power	251.31	minus 0.28%	17,399	12.1	9.7	34.5%	34.7%	0.25	102.7%	plus 14.5%
KARAMTARAKaramtara Engineering	375.70	minus 0.96%	12,091	52.8	27.7	18.1%	9.0%	0.91	40.4%	plus 6.7%
UTLSOLARFujiyama Power Systems	351.80	minus 9.21%	10,811	35.7	22.5	28.9%	18.8%	0.41	58.7%	plus 68.8%
BORORENEWBOROSIL RENEWABLES	403.20	minus 2.55%	5,934	13.4	12.1	9.5%	30.1%	0.07	20.2%	minus 37.6%
VIKRAMSOLRVikram Solar	142.39	plus 1.95%	5,160	14.1	6.0	20.5%	15.4%	0.20	32.3%	minus 56.6%
SAATVIKGLSaatvik Green Energy	358.60	plus 0.01%	4,558	26.5	8.9	30.8%	9.7%	0.69	95.5%	minus 32.1%
Median of 7 peers	–	−0.28%	10,811	19.0	12.0	28.9%	19.9%	0.31	58.7%	−27.3%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

₹ Cr	Jun 25	Jun 26
	918	1,581
	798	1,407
	120	174
	13.1%	11.0%
	1.2	3.8
	30.3	41.3
	9.6	19.6
	81.2	117
	25.9%	25.2%
	60.1	87.4
	1.87	2.71

Sep 25, Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +40.4%
Profit CAGR 3Y: +75.4%
EPS CAGR 3Y: +75.4%
ROE: 20.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,503	2,328	3,039	4,164
–	+54.9%	+30.5%	+37.0%
1,399	2,126	2,768	3,692
105	203	271	472
7.0%	8.7%	8.9%	11.3%
3.5	2.1	−2.8	−41.9
26.3	30.7	44.9	63.6
31.9	34.6	37.7	50.8
−3.5	−2.1	2.8	−4.1
46.6	137	188	311
9.1%	25.3%	26.0%	26.5%
42.4	103	139	229
–	+142.3%	+35.7%	+64.2%
1.32	3.19	4.33	7.11

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
5.5	5.5	292	292
445	548	691	928
328	509	559	1,105
759	783	1,221	1,817
1,537	1,845	2,763	4,142
533	612	897	1,835
30.1	41.8	253	604
1.4	3.2	8.9	14.9
33.6	46.5	63.6	148
939	1,141	1,541	1,541
1,537	1,845	2,763	4,142

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
241	40	103	675
−61	−124	−276	−959
−180	88.1	195	328
−0.3	4.3	21	44
−61.6	−117	−337	−926
179	−76.5	−235	−251
–	–	−23.4	–

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.6% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you