Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ENERGY DEVE. CO.LTD · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ENERGY DEVE. CO.LTD
NSE: ENERGYDEV · BSE: 532219
NSE: ENERGYDEV · BSE: 532219
Utilities › Power › Power › Power Generation
ENERGY DEVE. CO.LTD
StateQ1 FY27 filed
Last close · 28 Oct 2026₹12.81
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA— · — · 9.8
ENERGY DEVE. CO.LTD is a Power company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 43 | 37 | 30 | 33 | 46 |
| EBITDA (ex other income) | 31 | 25 | 16 | (60) | 22 |
| margin % | 71.2 | 66.2 | 54.1 | (183.2) | 47.3 |
| Owners' profit | 9 | 4 | (2) | (97) | 0 |
| EPS, as reported (₹) | 1.52 | 0.89 | (0.46) | (20.48) | (0.05) |
| ROE % · ROCE % | 8.0 · 12.1 | 4.4 · 10.0 | (2.3) · 4.2 | 3679.5 · (83.5) | 9.0 · 18.5 |
| Debt / equity (x) | 1.77 | 1.64 | 1.63 | (55.40) | (50.79) |
| Cash from operations | 28 | 19 | 10 | 22 | 26 |
| Capex | (0) | (0) | (0) | (5) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ENERGY DEVE. CO.LTD · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 8 | 3 | 10 | 21 | 11 | 4 | 6 |
| Profit before tax | 6 | (77) | (7) | 2 | 11 | 2 | (11) | (2) |
| Net profit | 7 | (76) | (27) | 2 | 11 | 1 | (14) | (2) |
| EPS (₹) | 1.38 | (16.08) | (5.68) | 0.35 | 2.22 | 0.27 | (2.90) | (0.38) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NTPC LTD | 2,95,264 | 10.6 | 1.40 | 9.7 | 13.0 | 5.5 | 10.9 | 32.8 |
| ADANI GREEN ENERGY LTD | 2,09,663 | 86.6 | 7.02 | 27.0 | 6.7 | 1.3 | 32.9 | 95.1 |
| JSW ENERGY LIMITED | 88,507 | 43.1 | 2.64 | 14.6 | 8.2 | 1.9 | 22.3 | 59.6 |
| NHPC LTD | 74,383 | 19.6 | 1.54 | 19.8 | 8.7 | 2.7 | 3.8 | 65.7 |
| NTPC GREEN ENERGY LIMITED | 69,947 | 116.9 | 3.65 | 37.4 | 2.7 | 1.2 | — | 90.7 |
| NLC INDIA LIMITED | 31,560 | 9.5 | 1.25 | 8.9 | 14.9 | 5.4 | 12.2 | 34.4 |
| ACME SOLAR HOLDINGS LTD | 28,962 | 41.9 | 5.72 | 20.2 | 9.8 | 2.7 | — | 96.9 |
| SJVN LTD | 20,030 | 31.5 | 1.41 | 14.4 | 4.5 | 2.8 | 12.7 | 65.9 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 5.0 | 2.7 | 10 of 29 | 68% |
| EBITDA margin | 41.1 | 53.8 | 15 of 24 | 39% |
| Revenue growth | (38.4) | 10.0 | 23 of 24 | 4% |
| Profit growth | (210.0) | 4.2 | 23 of 25 | 8% |
| Market cap | 61 | 3356 | 23 of 29 | 21% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ENERGY DEVE. CO.LTD · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · RTA submits dematerialisation confirmation certificate for Q2 FY27 | compliance | minimal | — | — |
| 26 Sept 2026 · 31st AGM proceedings: FY26 accounts adopted, director re-appointed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from October 1 for Q2 results | compliance | minimal | — | — |
| 28 Aug 2026 · 31st AGM notice on Sep 26, 2026; book closure Sep 21-26 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · EDCL files 31st Annual Report for FY2025-26, AGM set for September 26, 2026 | board shareholder meetings | medium | — | — |
| 10 Aug 2026 · Q1 FY27 results with adverse auditor conclusion on major issues | results | high | — | — |
| 3 Aug 2026 · Board meeting on 10 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 15 Jul 2026 · RTA confirmation certificate for quarter ended 30 June 2026 | compliance | minimal | — | — |
| 14 Jul 2026 · The Exchange had sought clarification from Energy Development Company Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed. | regulatory legal | medium | — | — |
| 30 Jun 2026 · Promoter group declares no encumbrance on 58.14 percent stake | ownership changes | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in