RAVINDRA ENERGY LIMITED

BSE: RELTD504341ISIN INE206N01018

Industrials
Other Electrical Equipment
BSE Industrials

Share price

₹141.85+2.65 (+1.90%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: —
52W low: —
Off 52W high: —
1M return: -1.49%
3M return: -17.31%
6M return: —
1Y return: —
20D avg volume: 11,221
50 DMA: ₹146.65
200 DMA: —

Key ratios Consolidated

Market cap: ₹2,817 Cr
Current price: ₹141.85
52W high / low: — / —
Face value: ₹10.00
P/E: 48.42
P/B: —
EPS (TTM): ₹2.93
Book value / share: —
ROE: —
ROCE: 11.30%
Operating margin: —
Net margin: —
Debt / equity: 1.14
Net debt: ₹410.71 Cr
Interest cover: 3.48
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 27.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	119.97	140.16	127.17	120.33	162.64	158.99	53.14	15.58	22.71	30.12	16.48	26.58
	2.54	4.89	4.66	2.39	5.85	5.99	2.59	2.29	0.91	1.47	1.92	10.06
	122.50	144.27	131.83	122.73	168.49	164.98	55.74	17.87	23.62	31.59	18.41	36.65
	104.80	127.20	113.79	96.95	144.21	136.68	51.32	18.11	23.32	29.48	16.80	28.06
	45.99	68.33	70.20	49.42	98.78	101.07	27.62	0.23	0.27	4.43	1.48	34.23
	7.81	3.97	3.48	6.72	6.55	5.08	5.59	7.42	6.83	3.09	0.38	22.58
	3.40	3.71	3.35	3.32	3.37	2.81	2.04	1.91	1.89	2.02	1.79	1.75
	12.28	11.74	10.53	7.74	4.79	1.77	2.55	1.13	4.52	4.68	4.16	4.24
	10.65	9.27	8.38	6.12	4.65	3.30	2.77	1.99	3.41	3.23	3.50	3.55
	24.67	32.05	17.86	23.62	26.07	22.64	10.76	5.44	6.40	12.02	5.49	5.62
	17.71	17.89	18.05	25.78	24.29	28.30	4.42	-0.24	0.30	2.10	1.61	8.59
	0.00	0.00	0.00	0.00	0.19	-14.53	0.00	1.66	7.49	-64.51	0.00	0.00
	17.71	17.89	18.05	25.78	24.47	13.77	4.42	1.43	7.79	-62.41	1.61	8.59
	4.34	1.27	1.15	4.98	0.83	0.12	1.77	0.13	2.10	0.95	1.18	0.04
	1.64	12.62	14.64	30.79	22.79	12.90	2.18	1.15	5.59	-63.40	0.42	8.63
	0.09	0.71	0.80	1.69	1.33	0.74	0.14	0.07	0.37	-4.29	0.00	0.63
Key metrics
	40.64	38.90	36.96	39.64	33.91	18.84	9.74	4.55	15.72	-54.50	9.27	16.38
	33.90%	27.80%	29.10%	32.90%	20.80%	11.80%	18.30%	29.20%	69.20%	-180.90%	56.20%	61.60%
	1.40%	9.00%	11.50%	25.60%	14.00%	8.10%	4.10%	7.40%	24.60%	-210.50%	2.50%	32.50%
	—	2.80%	—	3.90%	—	2.60%	—	—	—	—	—	—
	-26.20%	-11.80%	139.30%	672.30%	616.20%	427.90%	222.50%	-41.40%	—	—	—	—
	-92.80%	-2.20%	571.60%	2,577.40%	307.70%	120.30%	419.00%	-86.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	507.63	563.74	250.42	130.97	252.63	765.00
	14.48	17.80	11.79	15.47	33.17	69.66
	521.33	576.04	262.21	146.44	285.80	834.66
	442.74	498.57	229.43	127.78	263.98	798.80
	233.94	286.73	129.19	32.82	19.52	57.15
	21.98	20.72	24.92	26.12	175.28	652.82
	13.78	13.74	8.64	7.12	6.14	4.31
	42.29	34.80	9.97	16.48	13.47	18.04
	34.42	29.17	11.47	13.39	11.34	9.24
	98.20	141.22	45.24	31.86	38.23	57.25
	79.43	86.00	32.78	18.66	21.82	35.86
	0.00	0.19	-5.38	-64.51	0.00	-4.05
	79.43	86.19	27.40	-45.85	21.82	31.81
	11.74	-2.42	4.11	5.00	5.08	5.12
	59.69	80.83	21.81	-50.90	16.70	36.70
	3.29	4.53	1.32	-3.41	1.24	2.89
Key metrics
	156.14	150.16	48.84	-15.98	46.63	59.09
	30.76%	26.60%	19.50%	-12.20%	18.50%	7.70%
	11.76%	14.30%	8.70%	-38.90%	6.60%	4.80%
	—	11.30%	6.30%	—	—	—
	30.04%	125.10%	91.20%	-48.20%	-67.00%	—
	52.97%	270.60%	142.80%	-404.80%	-54.50%	—
	—	-283.10	-104.93	—	—	—
	—	2.13	3.30	—	—	—
	—	1.14	0.54	—	—	—
	—	410.71	105.76	—	—	—
	—	27.8	-9.0	—	—	—
Balance sheet
	—	1,130	651.15	—	—	—
	—	182.39	143.44	—	—	—
	—	91.54	84.10	—	—	—
	—	39.92	16.98	—	—	—
	—	15.24	4.38	—	—	—
	—	16.74	26.59	—	—	—
	—	869.30	317.57	—	—	—
	—	12.26	27.52	—	—	—
	—	64.19	56.64	—	—	—
	—	502.25	189.86	—	—	—
	—	34.32	18.03	—	—	—
	—	467.93	171.83	—	—	—
	—	439.69	354.23	—	—	—
Cash flow
	—	171.85	71.95	—	—	—
	—	-442.69	-159.93	—	—	—
	—	278.29	209.59	—	—	—
	—	454.95	176.88	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	91.84	96.73	102.16	101.94	143.55	141.53	39.02	4.07	3.51	15.82	1.49	13.13
	4.86	10.45	5.14	2.76	5.66	5.37	2.47	1.63	0.69	1.71	4.07	4.24
	96.70	107.18	107.30	104.70	149.21	146.90	41.49	5.69	4.20	17.53	5.56	17.38
	83.00	91.14	88.15	73.01	120.00	121.99	34.56	5.56	5.12	11.54	5.47	16.64
	63.07	68.33	70.20	49.43	98.78	101.10	27.62	0.23	0.27	5.75	0.51	11.31
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	3.84	3.39	3.14	3.11	2.98	2.88	1.77	1.66	1.70	1.95	1.72	1.68
	0.38	0.34	0.42	0.24	0.28	0.30	0.33	0.29	0.44	0.39	0.29	0.56
	1.12	1.08	1.06	0.59	0.65	0.62	0.57	0.40	0.42	0.43	0.43	0.43
	14.58	18.00	13.33	19.65	17.32	17.08	4.27	2.98	2.29	3.03	2.52	2.66
	13.71	16.04	19.14	31.69	29.21	24.91	6.93	0.13	-0.92	5.99	0.10	0.73
	0.00	0.00	0.00	0.00	-4.81	-15.62	—	0.19	8.97	—	—	—
	13.71	16.04	19.14	31.69	24.40	9.29	6.93	0.32	8.05	5.99	0.10	0.73
	0.05	0.02	-0.10	-0.03	0.04	-1.16	0.99	1.82	1.98	0.03	0.00	0.04
	13.76	16.02	19.24	31.72	24.43	10.45	5.95	2.14	6.07	6.01	0.09	0.78
	0.77	0.90	1.08	1.74	1.43	0.63	0.37	0.14	0.40	0.41	0.01	0.06
Key metrics
	15.21	17.46	20.62	32.52	25.33	10.21	7.83	1.01	8.91	6.81	0.82	1.72
	16.60%	18.10%	20.20%	31.90%	17.60%	7.20%	20.10%	24.80%	253.80%	43.00%	55.00%	13.10%
	15.00%	16.60%	18.80%	31.10%	17.00%	7.40%	15.20%	52.60%	172.90%	38.00%	6.00%	5.90%
	—	3.60%	—	7.60%	—	2.70%	—	—	—	—	—	—
	-36.00%	-31.70%	161.80%	2,404.70%	3,989.70%	794.60%	2,518.80%	-69.00%	—	—	—	—
	-43.70%	53.30%	223.40%	1,382.20%	302.50%	73.90%	6,511.10%	174.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	392.67	444.38	188.12	60.64	28.22	72.89
	23.21	24.01	10.16	4.36	35.64	16.21
	415.88	468.38	198.29	65.00	63.86	89.10
	335.30	372.30	167.22	54.25	59.80	266.11
	251.03	286.74	129.21	32.76	20.23	57.15
	0.00	0.00	0.00	—	—	—
	13.48	12.62	8.01	6.83	5.38	4.04
	1.38	1.27	1.36	1.61	1.20	3.79
	3.85	3.38	2.02	1.72	1.46	0.58
	65.56	68.29	26.62	11.32	31.54	57.45
	80.58	96.08	31.06	10.75	4.06	-177.01
	0.00	-4.81	-6.46	—	—	-4.05
	80.58	91.27	24.60	10.75	4.06	-181.06
	-0.06	-0.12	-0.02	0.09	0.18	0.07
	80.74	91.40	24.61	10.84	4.24	-181.13
	4.49	5.12	1.49	0.74	0.32	-14.27
Key metrics
	85.81	95.92	27.98	14.08	6.72	-176.69
	21.85%	21.60%	14.90%	23.20%	23.80%	-242.40%
	20.56%	20.60%	13.10%	17.90%	15.00%	-248.50%
	—	20.30%	7.30%	—	—	—
	19.65%	136.20%	210.20%	114.90%	-61.30%	—
	87.90%	271.40%	127.00%	155.70%	102.30%	—
	—	140.87	-28.67	—	—	—
	—	1.62	-0.97	—	—	—
	—	0.01	0.01	—	—	—
	—	-36.44	-32.28	—	—	—
	—	18.4	79.2	—	—	—
Balance sheet
	—	530.46	387.94	—	—	—
	—	228.91	175.99	—	—	—
	—	39.04	35.55	—	—	—
	—	15.49	44.60	—	—	—
	—	15.24	4.38	—	—	—
	—	10.31	20.92	—	—	—
	—	16.67	13.66	—	—	—
	—	8.24	8.13	—	—	—
	—	75.51	30.44	—	—	—
	—	2.60	3.27	—	—	—
	—	0.58	0.67	—	—	—
	—	2.02	2.60	—	—	—
	—	444.18	350.34	—	—	—
Cash flow
	—	148.00	-23.90	—	—	—
	—	-143.27	-116.71	—	—	—
	—	-1.24	162.43	—	—	—
	—	7.13	4.77	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +150.65%
Sales CAGR 5Y: —
Profit CAGR 3Y: +178.31%
Profit CAGR 5Y: —
Sales YoY (TTM): +19.65%
Profit YoY (TTM): +87.90%

Consolidated

Sales CAGR 3Y: +30.68%
Sales CAGR 5Y: —
Profit CAGR 3Y: +69.16%
Profit CAGR 5Y: —
Sales YoY (TTM): +30.04%
Profit YoY (TTM): +52.97%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 58.27%

Quarter	September 2026	June 2026
Promoter %	58.27%	58.27%

Holder	Type	Holding	Previous	Change
KHANDEPAR INVESTMENTS PRIVATE LIMITED	Promoter	30.49%	30.49%	0.00%
NARENDRA MADHUSUDAN MURKUMBI	Promoter	20.92%	20.92%	0.00%
APOORVA NARENDRA MURKUMBI	Promoter Group	5.60%	5.60%	0.00%
QUANT MUTUAL FUND A/C QUANT INFRASTRUCTURE FUND	Public	2.97%	2.97%	0.00%
SHAILESH NANDKISHOR ROJEKAR	Public	2.59%	2.59%	0.00%
ROMARSOL LIMITED	Public	2.47%	2.47%	0.00%
GOLDEN GREEN INNOVATIONS PRIVATE LIMITED	Public	2.17%	2.52%	-0.35%
SHREE RENUKA SUGARS DEVELOPMENT FOUNDATION	Public	2.16%	2.16%	0.00%
MUKUL MAHAVIR AGRAWAL	Public	1.22%	1.22%	0.00%
NEW VERNON INDIA LIMITED	Public	1.01%	1.01%	0.00%
VIDYA MURKUMBI	Promoter	0.23%	0.23%	0.00%
ARYAA SHAILESH ROJEKAR	Promoter Group	0.14%	0.14%	0.00%
DHRUVA SHAILESH ROJEKAR	Promoter Group	0.14%	0.14%	0.00%
SUPRIYA SHAILESH ROJEKAR	Promoter	0.14%	0.14%	0.00%
MALVIKA NARENDRA MURKUMBI	Promoter Group	0.14%	0.14%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

Please find enclosed the Statement of Deviation for the quarter ended September 30, 20264 Nov 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Please find enclosed the monitoring agency report for the quarter ended September 30, 20264 Nov 2026 · Company Update / Monitoring Agency Report
Please find enclosed Financial results for the quarter and half year ended September 30, 20264 Nov 2026 · Result / Financial Results
Please find enclosed the outcome of Board Meeting held on November 4, 20264 Nov 2026 · Board Meeting / Outcome of Board Meeting
Ravindra Energy Limited has informed the Exchange about conference call scheduled to discuss its Q2 & H1 FY27 results on Thursday, 5th November, 2026, at 09:30 AM IST2 Nov 2026 · Company Update / Analyst / Investor Meet
Ravindra Energy Limited has informed the Exchanges about the conference call scheduled to discuss its Q2 & H1 FY 27 results on Thursday, November 05, 2026 at 9:30 AM IST2 Nov 2026 · Company Update / General
Ravindra Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Please find enclosed Intimation ....30 Oct 2026 · Board Meeting / Board Meeting
Company has informed stock exchange regarding the exercise of ESOP and allotment of 500 equity shares pursuant to the exercise of stock option under the ESOP scheme.25 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Energy In Motion Limited our jointly controlled entity opens Electric Heavy Duty Commercial Vehicle Complex at Talegaon, Pune15 Oct 2026 · Company Update / General
Please find enclosed the clarification note on spurt in volume.15 Oct 2026 · Company Update / General
The Exchange has sought clarification from Ravindra Energy Ltd on October 15, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.15 Oct 2026 · Company Update / Clarification
Please find enclosed certificate under Regulation 74 (5) of SEBI (DP) Regulation, 201813 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Disclosures under Reg 7 of SEBI (PIT) Regulations 20157 Oct 2026 · Company Update / General
The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on October ....5 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on October 01, 2026 for Narendra Madhusudan ....5 Oct 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Submission of Disclosure under Regulation 7(2) of the SEBI (PIT) Regulation 2015 - Pledge Creation2 Oct 2026 · Company Update / General
Submission of e-voting results of AGM as per Regulation 44 of SEBI (Listing Obligation and Disclosure Requirements) 201529 Sep 2026 · AGM/EGM / AGM
In continuation to intimation filed on September 24, 2026 in respect of Investor Meet scheduled on Tuesday, September 29, 2026, we are pleased to submit investor presentation to the stakeholders ....29 Sep 2026 · Company Update / Investor Presentation
Please find enclosed the intimation on re-appointment of Mr. Shantanu Lath as a Whole-Time Director designated as CEO approved by the members of the Company at the 46th AGM.29 Sep 2026 · Company Update / Change in Directorate
Please find enclosed the intimation on alteration of MOA and AOA of the Company29 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
Please find enclosed the scrutinizer report for the 46th AGM29 Sep 2026 · AGM/EGM / AGM
Please find enclosed the intimation on closure of trading window.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed the proceeding of the 46th AGM of the Company28 Sep 2026 · AGM/EGM / AGM
Intimation of Schedule of Analysts/Institutional Investors Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201524 Sep 2026 · Company Update / Analyst / Investor Meet
We are pleased to submit press release of merger announcement of Energy In Motion Limited (Transferor company) with Ravindra Energy Limited (Transferee company)23 Sep 2026 · Company Update / Press Release / Media Release
Ravindra Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on September 23, 2026.23 Sep 2026 · Others / Outcome without intimation
Please find enclosed the copies of newspaper publication on the 46th Annual General Meeting of the Company and the E-Voting Information11 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed the copies of newspaper publication with regard to the 46th Annual General Meeting of the Company6 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed the notice of the 46th AGM of the Company scheduled to be held on Monday, September 28, 2026 at 12:00 Noon.6 Sep 2026 · AGM/EGM / AGM
Please find enclosed the Annual Report for the Financial Year 2025-26.6 Sep 2026 · Others / Reg. 34 (1) Annual Report
we are pleased to inform our stakeholders that our associate company Energy In Motion Limited, has issued the following update1 Sep 2026 · Company Update / General
Ravindra Energy Limited has informed about providing corporate guarantee to Muon India Private Limited26 Aug 2026 · Company Update / General
Intimation of allotment of 12500 equity shares under REL ESOP Scheme 2022.26 Aug 2026 · Company Update / Allotment of Equity Shares
Submission of Disclosure Received under Regulation 31(1) of SEBI (SAST) Regulation 2011 - Pledge Creation on shares by promoters.22 Aug 2026 · Company Update / General
Submission of disclosure under SEBI (PIT) regulation 2015 for pledge creation by promoter21 Aug 2026 · Company Update / General
Submission of disclosure received under Regulation 7(2) of SEBI (PIT) Regulation 201521 Aug 2026 · Company Update / General
We are submitting herewith a copy of the newspaper cutting evidencing the publication of financial results of the company18 Aug 2026 · Company Update / Newspaper Publication
Re-appointment of Mr. Shantanu Lath as Whole-Time Director designated as Chief Executive Officer14 Aug 2026 · Company Update / Change in Management
General Business update14 Aug 2026 · Company Update / General
Statement of Deviation Q1-2026-27- Rights Issue14 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation

Corporate actions

Purpose	Ex date	Record date	Payment date
Right Issue of Equity Shares	8 Jun 2026	8 Jun 2026	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results