Investor presentationOct 2026
Oct 2026 · PPT
Source: Bse
Karamtara Engineering Limited (KARAMTARA)
Micro CapIndustrials stocks · Micro cap · NSE
Karamtara Engineering Limited is an integrated and diversified manufacturing platform delivering critical steel infrastructure for transmission lines, renewable energy, and industrial applications globally, with over 50 countries served.
₹383
+13.35 · +3.61%
Market cap ₹12,065 Cr
Data qualityFresh enough for analysisQuote updated 04 Nov, 03:31 pm ISTDetails
Quote04 Nov, 03:31 pm IST
Base fundamentals02 Nov 2026 · screener
Latest result02 Nov, 01:09 am IST
Score05 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags20 Sept 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 23.2 (n=542)
Technical timing lens
Trend score and candlestick chart
48Neutrallabel neutral
Stock trend: 53
Sector RS: 42
Sector 3M: -6.0% vs Nifty 500 -4.1%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KARAMTARAD candles · FIT view+8.8%Latest close ₹383.00 on 2026-11-04
Daily history is available from 2026-09-17; the requested 1Y window is partially covered.
Bar
+3.6%
RSI
57
MACD hist
-
52W pos
51%
2026-11-04O ₹369.65H ₹384.95L ₹365.35C ₹383.00Vol 4.9L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
KARAMTARANifty India ManufacturingNifty 500
- KARAMTARA
- +8.8%
- Nifty 500
- +0.5%
- Nifty India Manufacturing
- -1.4%
- Vs Nifty 500
- +8.3 pp
Chart stats
4 Nov 2026- From 52W high
- -13.7%
- 52W range position
- 51%
- ATR (14)
- 6.2%
- Volume vs 20D
- 0.33x
- Avg traded value
- ₹52.7 Cr
- 20D price channel
- ₹338.6 - ₹443
₹444
₹320 - ₹444
₹23.8
Latest completed session
20-session average
55.2% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management trust is not scored yet, price trend is neutral, and result consistency is still building.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE49
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good72
Revenue +72.2% · PAT +45.0% YoY
Technical
Neutral48
Price trend and sector-relative-strength timing.
Valuation
Legacy model-40.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
pending—
Management reliability not computed yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 72/100Rev +72% YoY · PAT +45% YoY · +26% QoQ · margin compression
Filed 06 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,581 Cr | +72.2% | +25.8% |
| EBITDA | ₹174 Cr | +45.0% | +64.2% |
| Operating margin | 11.0% | -200 bps | +300 bps |
| PAT | ₹87 Cr | +45.0% | +128.9% |
| PAT margin | 5.5% | -104 bps | +248 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 47.00
- P/B
- —
- EV/EBITDA
- 23.90
- Market Cap
- 12065.00Cr
Profitability
- ROE
- 20.80%
- ROCE
- 23.40%
- ROA
- 5.53%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 33.00%
- EPS 5Y
- 85.00%
- Revenue 3Y
- 39.00%
- EPS 3Y
- 75.00%
Balance Sheet
- Debt/Equity
- 0.91
- Interest Coverage
- 3.55×
- Altman Z
- 4.34
- Book Value
- —
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 675.00 Cr
- EPS TTM
- 7.83
Shareholding
- Promoter Hold
- 82.01%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 44%
Financial History
Updated 4/11/2026
Revenue
₹ CrLatest: 1,581+25.8% vs prev
Net Profit
₹ CrLatest: 87.0+128.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 57.
- RSI(14) at 57 — rising, no extreme reading.
- 14% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
-
RS percentile
Insufficient history
1M return
-12.7%
3M return
-
6M return
-
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#6
Industry rank
#14
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
unavailable
200-DMA
unavailable
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
33 observations
04 Nov 2026Value 108.26+2.48%
RS vs Nifty 500108
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 49 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth22/25
Quality14/20
Balance Sheet6/15
Cash Flow2/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
49
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
49/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 22/25 to the score.
- Quality contributes 14/20 to the score.
Main drags
- Fair-value margin of safety is negative at -40.6%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
47.0
PB
—
EV/EBITDA
23.9
ROE
20.8%
ROCE
23.4%
FCF Yield
—
Debt/Equity
0.9
MoS
-40.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 05 Nov 2026
v4.3-runtime-valuation
Final score
49
Previous: 49
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-40.6%
Previous: -40.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
05 Nov 2026
v4.3-runtime-valuation
49
49
49
49
49
49
49
49
49
49
49
49
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
34.8
Growth-justified Value
₹272.41
-40.6% MoS
PEG
0.58
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KANOHAR
Micro
Kanohar Electricals Limited
Electrical Equipment
match 105
64
51.6
42.2%
-77%
UNDERVALUED
ATLANTAELE
Micro
Atlanta Electricals Limited
Electrical Equipment
match 61
58
54.2
31.7%
-49%
FAIR VALUE
QPOWER
Micro
Quality Power Electrical Equipments Limited
Electrical Equipment
match 61
53
71.4
25.3%
-114%
FAIR VALUE
VOLTAMP
Micro
Voltamp Transformers Limited
Electrical Equipment
match 61
51
32.4
17.4%
+10%
FAIR VALUE
DIACABS
Micro
Diamond Power Infrastructure Limited
Electrical Equipment
match 53
34
75.7
—
-140%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-28T17:41:32.607Z
Management commentary snapshot
Q1 FY27 Revenue from Operations grew 72% YoY to Rs 15,809 Mn and PAT rose 45% YoY to Rs 874 Mn, driven by renewable products and international demand.
The operational momentum remains robust with strong execution in renewable products and exports, alongside capacity expansion coming online in Bhachau. Margins are holding steady despite scaling operations.
Current business mix
Revenue Split
Latest issuer-disclosed distribution across 4 reported categories.
Solar energy products80.0%
Transmission Lattice towers13.0%
Fasteners5.0%
Wind Towers2.0%
Growth engines
Renewable Energy Products
POSITIVERenewable products remained the key revenue driver and accounted for 82% of Q1 FY27 revenues.
Export Momentum
POSITIVEInternational revenue accounted for 66% in Q1 FY27, backed by exports to over 50 countries.
Capacity and execution
Bhachau Facility Commissioning
POSITIVEManufacturing facility for Lattice Structures for Transmission Line Towers in Bhachau, Gujarat, commenced operations in Q1 FY27.
Tailwinds
Global Demand for Solar and Power Infrastructure
POSITIVEStrong export momentum in international markets including the United States, Europe, and Latin America.
Risk radar
Customer Concentration
NEUTRALTop 10 customers contribute over 51% of revenues, though derisking efforts are underway.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Both YoY and QoQ metrics are relevant given the strong 72% YoY surge in revenue and the sequential 43% revenue growth combined with a new facility commissioning in Q1.
Sector KPIs management disclosed
Revenue from Operations
POSITIVERs 15,809 Mn in Q1 FY27, up 72% YoY from Rs 9,176 Mn and up 43% QoQ from Rs 12,570 Mn.
EBITDA Margin
STABLE11.0% in Q1 FY27 compared to 13.1% in Q1 FY26 and 8.4% in Q4 FY26.
PAT
POSITIVERs 874 Mn in Q1 FY27, up 45% YoY from Rs 601 Mn and up 129% QoQ from Rs 382 Mn.
Management forward view
Global Footprint Expansion
POSITIVEManagement intends to continue leveraging its international presence in the US, Europe, and Latin America to increase market share.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| EBITDA Margin | 11.0% | Sustainability of double-digit margins amid scaling revenues and cost pressures. |
| International Revenue Share | 66% | Sustained high export contribution to total revenues. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
Trust profile pending
Trust asks a simple question: can investors rely on management behaviour and financial delivery? Trust Lite uses promoter alignment, cash conversion, leverage, and result consistency. Full transcript-based claim matching appears after enough documents are ingested.
Continue researching Karamtara Engineering Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptOct 2026
Oct 2026 · Transcript
Source: Bse
AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Oct - Karamtara Engineering schedules Q1FY27 results conference call on October 7, 2026 at 11:00 IST.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Oct - Karamtara Engineering Limited has informed about schedule of Earnings call.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Oct - Karamtara Engineering secures ₹1199 crore orders in transmission and renewable energy sectors.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 20 Oct - India Ratings upgraded Karamtara’s bank loans to IND AA-/Stable and IND A1+ on Rs 24,320 million facilities.
Source: Bse
Credit rating
Credit-rating report · Karamtara Engineering Limited has informed the Exchange about Credit Rating- Revision
Source: Nse
Credit rating
Credit-rating report · Intimation regarding upgrade in Credit Rating
Source: Bse
Concall transcript
Earnings-call transcript · Karamtara Engineering Limited has informed the Exchange about Transcript
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.