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NSE:RELTD

RAVINDRA ENERGY LIMITED

Capital Goods › Electrical Equipment
₹130.33
at close · 28 Oct 2026
▼ 0.32 (-0.24%)

Latest filings

  1. 500 shares allotted to employees under Ravindra Energy ESOP 2022 · Capital Market Events
  2. Joint entity EIM opens electric heavy truck complex in Pune · Business Updates
  3. Exchange sought clarification on unusual volume; company confirms no undisclosed info · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates a solar energy business that drove 98.5% of FY26 segment revenue at ₹437.802 crore, with the balance coming from an investment segment (1.5%, ₹6.574 crore). The trading segment reported no revenue for the period. Through its 49.54%-owned associate Energy In Motion Limited (EIM), it is building electric heavy commercial vehicle infrastructure, including battery swap stations and the Ashwa e-tractor. EIM has partnered with HPCL to set up charging and battery swapping hubs across HPCL's 25,000-plus fuel stations, signed a 0.5 GWh LFP cell and battery pack agreement with CATL, and begun deploying around 45 electric tractor-trailers for UltraTech Cement. Materials are the largest cost line at 52.8% of revenue, and capex was 83.8% of revenue, reflecting an asset-heavy build-out. In June 2026, the company completed a rights issue of about ₹200.5 crore, of which ₹150 crore was invested in EIM to fund expansion.

Revenue mix · reported segments
Solar98.5%
Investment1.5%
Trading0.0%
Operating scale
Solar share of segment revenue
98.5%FY26
EIM operating swap stations
6FY26
EIM targeted swap stations by March 2027
40FY27 target
CATL LFP cell and battery pack deal
0.5 GWh2026-07
HPCL fuel stations covered by EIM partnership
25,000+2026-07
Rights issue proceeds raised
₹200.5 croreFY26
Who pays it
Solar power customers; via associate EIM, UltraTech Cement (electric tractor-trailers) and HPCL (battery swapping at retail outlets)
Biggest cost
Materials and components at 52.8% of revenue
Kind of business
Asset-heavy solar and electric mobility build-out, with heavy capex spend
Where it sits
Solar segment accounts for nearly all of segment revenue; the associate EIM is an early-stage electric heavy commercial vehicle operator partnering with CATL and HPCL
Market Cap
₹2,591 Cr
P / E (TTM)
39.6×
EV / EBITDA
19.3×
Div Yield
—
Growth
12.3%▲
Revenue 5y CAGR
PAT +63.2% · EBITDA +34.1%
Quality
11.0%·
ROCE (5y median)
ROE 8.0% (5y median) · margin 27.4%
Leverage
1.14·
Debt / Equity · moderate
Net debt ₹411 Cr
Revenue FY21→FY26
1.8×▲
Margin +12.6 pts
₹304 Cr → ₹543 Cr
Cash conversion
4.23×▲
Operating cash ÷ profit · 5 yrs
₹445 Cr on ₹105 Cr
Moves on a normal day
1.66%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 56 Other Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#37/52
P/B#38/49
ROCE#37/55
ROE#17/50
Debt / Equity#48/50
EBITDA margin#8/51
Revenue growth#39/46
Profit growth#41/45

Scorecard

Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 12% a year over 5 years
Profit compounding 63% a year over 5 years
Over 5 years it reported ₹105 Cr of profit and ₹445 Cr of operating cash — 4.23×
Profit is converting into cash
Concerns
Carries more debt than its peers — 1.14× equity
higher than 96% of its 50 Other Electrical Equipment peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RAVINDRA ENERGY LIMITED's filed financials and exchange disclosures

What does RAVINDRA ENERGY LIMITED do?

RAVINDRA ENERGY LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol RELTD.

Is RAVINDRA ENERGY LIMITED profitable?

Yes. Over the trailing twelve months RAVINDRA ENERGY LIMITED reported a net profit of ₹60 Cr on revenue of ₹501 Cr.

Does RAVINDRA ENERGY LIMITED pay a dividend?

Not in the latest reported year — RAVINDRA ENERGY LIMITED's dividend payout for FY26 was nil.

Is RAVINDRA ENERGY LIMITED debt-free?

No. It reported borrowings of ₹502 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹411 Cr after cash. Debt stands at 1.14× equity. That is higher than 96% of its 50 Other Electrical Equipment peers.

Is RAVINDRA ENERGY LIMITED expensive compared with its peers?

On trailing P/E, RAVINDRA ENERGY LIMITED ranks 37 of 52 in Other Electrical Equipment — cheaper than 29% of them, against an industry median of 22.4×. This is a position, not a valuation judgement.

How much does the RAVINDRA ENERGY LIMITED share price move in a day?

On a typical session RAVINDRA ENERGY LIMITED moves 1.66% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RAVINDRA ENERGY LIMITED's announcements?

Every NSE and BSE filing by RAVINDRA ENERGY LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.