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Ravindra Energy (RELTD) had a P/E of 51.5× on 6 Nov 2026, above the industry P/E of 15.5×, and the shares are 29% below their 52-week high. Sales and net profit grew 31% and 66% a year over 3 years; its ROCE of 11% is the second-lowest among the 7 largest Solar peers. Debt is 1.26× equity. It is a small-cap company with a market cap of ₹2,759 Cr, ranked 11th of 27 Solar companies by market cap; the shares fell 8.7% 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
₹141.00
Day high
₹141.00
Day low
₹134.90
Prev. close
₹141.09
Volume
99.5K

Health check

2 fair · 4 to check
  • ReturnsIn line

    −8.7% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 51.5 vs industry 15.5.

  • GrowthSlow

    Sales +30.6%, profit +66.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.5% vs peer median 27.4%.

  • Balance sheetFair

    Debt 1.26× equity, interest covered 3.3×, Piotroski 6 of 9.

  • Red flags4 to check

    Quarterly profit down 92.6% on a year ago.

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

Solar

26 listed peers. Screen the industry

Small cap

₹2,759 Cr, #11 of 27 in its industry by size.

High beta

Beta 1.30 vs the NIFTY 50: swings more than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹482 Cr · profit ₹60 Cr
Market cap
₹2,759 Cr
Small cap
P/E
51.5
Industry 15.5
Price to book
6.03
Peers 4.38
Dividend yield
0.00%
ROE
19.0%
Peers 29.9%
ROCE
10.5%
Peers 27.4%
Debt to equity
1.26
Debt ₹555 Cr
EPS (TTM)
₹2.70
Face value ₹10
OPM (TTM)
27.3%
Net margin 12.5%
Sales growth
−34.0%
Latest quarter vs a year ago
Profit growth
−92.6%
Latest quarter vs a year ago
Price to sales
5.73
EV/EBITDA 22.2

Strengths and risks

Strengths

  • Return on equity of 19.0%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 92.6% on a year ago.
  • Quarterly sales down 34.0% on a year ago.
  • P/E of 51.5 against an industry P/E of 15.5.
  • Promoter stake down from 64.8% to 58.3%.

Derived automatically from reported figures. Not a recommendation.

About Ravindra Energy

Ravindra Energy Limited sells solar pumps and setting up of solar generation power plants in India. The company undertakes various projects relating to solar photo voltaic power pumping systems, rooftop solar, and ground-mount solar power projects. It also generates and sells power. The company was formerly known as Ravindra Trading and Agencies Limited and changed its name to Ravindra Energy Limited. Ravindra Energy Limited was incorporated in 1980 and…

Headquarters
Belgaum
Employees
135
Sector
Technology
ISIN
INE206N01018
Website
ravindraenergy.com

Price range

52 weeks

₹114.59₹196.45

Today

₹134.90₹141.00
Avg volume (3M)
2 L
1-year return
minus 8.7%
From 52-week high
minus 29.3%

Peers · Solar

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
WAAREEENERWaaree Energies2,438.00minus 0.46%70,12919.012.030.1%19.9%0.3157.8%minus 27.3%
PREMIERENEPremier Energies890.00plus 0.85%40,31622.517.427.4%29.9%0.8676.2%minus 15.3%
EMMVEEEmmvee Photovoltaic Power251.31minus 0.28%17,39912.19.734.5%34.7%0.25102.7%plus 14.5%
KARAMTARAKaramtara Engineering375.70minus 0.96%12,09152.827.718.1%9.0%0.9140.4%plus 6.7%
UTLSOLARFujiyama Power Systems351.80minus 9.21%10,81135.722.528.9%18.8%0.4158.7%plus 68.8%
BORORENEWBOROSIL RENEWABLES403.20minus 2.55%5,93413.412.19.5%30.1%0.0720.2%minus 37.6%
VIKRAMSOLRVikram Solar142.39plus 1.95%5,16014.16.020.5%15.4%0.2032.3%minus 56.6%
RELTDRavindra Energy138.95minus 1.52%2,75951.524.710.5%22.9%1.2630.6%minus 8.7%
Median of 7 peers–−0.46%12,09119.012.127.4%19.9%0.3157.8%−15.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
182120127153120
15283.194.911981.9
3037.232.334.538.1
16.5%30.9%25.4%22.5%31.8%
3.72.44.7−4.62.5
4.87.710.51112.3
4.86.18.41010.7
0.2––0.5–
24.325.8189.417.7
5.0%−19.3%6.4%15.8%24.5%
22.230.814.63.11.6
1.301.650.78–0.09

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+30.6%
Profit CAGR 3Y
+66.2%
EPS CAGR 3Y
+51.2%
ROE
19.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
253131284563
–minus 48.2%+117.1%+98.2%
23392.4240431
19.338.644.5132
7.6%29.5%15.6%23.4%
1912.99.48.3
12.915.5934.1
11.313.411.929.2
7.7−68.5−60.7
21.8−45.92777.7
23.3%−10.9%14.6%−2.0%
15.5−51.621.571.3
–minus 432.1%–+231.8%
1.13-3.451.273.91

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
138154179179
54.9−8.6158233
120159224555
14396.787.1152
4554026481,119
22113193.8133
33.726.75.110.9
0000
12.14.242.450.1
189240507925
4554026481,119

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12260.970.8166
−29.8−81.2−159−437
−85.122.4147278
6.62.159.37.4
−37−76.4−177−448
84.5−15.5−106−281

Shareholding pattern

Source: NSE filings
58.3%
promoters
  • Promoters58.26%
  • Public41.74%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202658.26%41.74%0.00
30 Jun 202658.26%41.74%0.00
25 Jun 202658.26%41.74%minus 5.40
31 Mar 202663.66%36.34%minus 1.11
31 Dec 202564.77%35.23%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you