Annual reportJul 2026
Jul 2026 · Reg. 34 (1) Annual Report. 1 Jul - Karma Energy issued FY26 annual report and AGM notice for July 23, 2026; MD reappointment proposed.
Source: Bse
Karma Energy Limited (KARMAENG)
Small CapPower stocks · Small cap · NSE
Karma Energy Limited operates in Power Generation, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 04:49 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
18Strong Bearfull bear SMA stack · SMA20 -3.8% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KARMAENGD candles · FIT view-35.8%Latest close ₹32.94 on 2026-10-19
Bar
-5.2%
RSI
35
MACD hist
-0.18
52W pos
2%
2026-10-19O ₹34.75H ₹34.75L ₹32.45C ₹32.94Vol 12,525 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
KARMAENGNifty PowerNifty 500
- KARMAENG
- -12.9%
- Nifty 500
- -5.6%
- Nifty Power
- -13.0%
- Vs Nifty 500
- -7.4 pp
Chart stats
19 Oct 2026- From 52W high
- -50.3%
- 52W range position
- 1%
- ATR (14)
- 6.5%
- Volume vs 20D
- 2.32x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹32.5 - ₹42.7
₹66.3
₹32.5 - ₹66.3
₹2.1
Latest completed session
20-session average
45.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad5
Revenue +4.6% · PAT -27.9% YoY
Technical
Strong Bear18
Price trend and sector-relative-strength timing.
Valuation
Legacy model-70.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence58
Financial-only signal; management claim evidence is not sufficient 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
Bad · 5/100PAT -28% YoY · Rev +5% YoY · margin expansion · +264% QoQ
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3.2 Cr | +4.6% | +263.6% |
| EBITDA | ₹0.7 Cr | +822.2% | +126.6% |
| Operating margin | 20.3% | +2325 bps | +29758 bps |
| PAT | ₹0.4 Cr | -27.9% | NDF |
| PAT margin | 13.8% | -618 bps | +10693 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 46.70
- P/B
- 1.02
- EV/EBITDA
- —
- Market Cap
- 41.50Cr
Profitability
- ROE
- -0.42%
- ROCE
- -4.76%
- ROA
- 1.89%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -16.00%
- EPS 5Y
- 15.00%
- Revenue 3Y
- -9.00%
- EPS 3Y
- -11.00%
Balance Sheet
- Debt/Equity
- 0.04
- Interest Coverage
- -14.13×
- Altman Z
- 5.24
- Book Value
- 35.30
Cash Flow
- FCF Yield
- 0.27%
- FCF Positive Y
- 8/5
- OCF
- 1.93 Cr
- EPS TTM
- 0.77
Shareholding
- Promoter Hold
- 74.70%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 3.2+263.6% vs prev
Net Profit
₹ CrLatest: 0.4+153.7% 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
Mixed signalsSignals are conflicting — long-term trend down. RSI 35. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~3.9% over last month) — short-term momentum negative.
- RSI(14) at 35 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
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
9
RS percentile
Stage 4 Downtrend
1M return
-20.2%
3M return
-12.9%
6M return
-36.6%
1Y return
-43.2%
RS 1D
-4
RS 20D
-22
Sector rank
#11
Industry rank
#58
Stage evidence
- Price is 20.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.3%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 53.13-6.15%
RS vs Nifty 50053
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation3/30
Growth8/25
Quality0/20
Balance Sheet11/15
Cash Flow4/10
Piotroski
4/9 (+1)
Penalties
-7
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 11/15 to the score.
- Cash flow contributes 4/10 to the score.
- Growth contributes 8/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Fair-value margin of safety is negative at -70.2%.
- Quality is weaker at 0/20; 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
46.7
PB
1.0
EV/EBITDA
—
ROE
-0.4%
ROCE
-4.8%
FCF Yield
0.3%
Debt/Equity
0.0
MoS
-70.2%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 20
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-70.2%
Previous: -70.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
20
20
20
20
20
20
20
20
20
20
20
20
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
₹24.73
-33.2% MoS
Growth-justified P/E
25.1
Growth-justified Value
₹19.35
-70.2% MoS
PEG
3.11
Comparable companies
Peers
Business-comparable peers in Power — 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
PARASPETRO
Small
Paras Petrofils Limited
Power Generation
match 161
13
—
7.4%
—
OVERVALUED
KECL
Small
Kirloskar Electric Company Limited
Power Generation
match 150
22
57.1
6.8%
-309%
OVERVALUED
RPOWER
Small
Reliance Power Limited
Power Generation
match 150
24
2166.0
-0.9%
-22025%
OVERVALUED
TRUALT
Small
TruAlt Bioenergy Limited
Power Generation
match 150
25
24.2
8.4%
+4%
OVERVALUED
UEL
Small
Ujaas Energy Limited
Power Generation
match 150
26
142.0
8.0%
-5502%
OVERVALUED
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
Issuer presentation review pending
Karma Energy Limited operates in Power Generation, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
58Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 22nd percentile of the scored universe and 28th percentile within Power. Main check: results consistency is weak at 29/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
22nd percentile
overall median 67 · Power: 28th pctile, median 65 · Small: 25th pctile, median 66
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
74
acceptable · profit to cash conversion
Balance sheet
51
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 74.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 113.4%.
- ▸5 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-1 Cr.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 1.7x.
- ▸ROCE is low at 4.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Karma Energy Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jul - Notce of AGM published in Newspapers
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 1 Jul
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - We submit herewith the Un-Audited Financial Results of the company for the quarter ended 30th June, 2026 published on 14th August, 2026 in the Financial …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.