ENERGYDEV
Energy Development Company financials
- Market cap
- ₹72 Cr
- Sector
- Power
What Energy Development Company Limited does
Energy Development Company Limited generates and sells electricity from small hydroelectric power plants and wind mills, earning revenue mainly under long-term Power Purchase Agreements with state utilities such as the Kerala State Electricity Board. It operates directly through its Harangi hydro plants and wind mills in Karnataka, and indirectly through wholly-owned subsidiaries that run additional hydro plants in Kerala. The company also has a contract division (infrastructure/construction execution) and a trading division, though neither generated revenue in FY25, and it has several small-hydro projects in Uttarakhand at the DPR-approval stage awaiting execution.
Segments
- Generation division
- Contract division
- Trading division
- Total group generation capacity
- 40 MW (across owned plants and subsidiaries)
- Directly-owned capacity
- 18 MW (9 MW + 6 MW Harangi hydro plants, Karnataka; 1.5 MW + 1.5 MW wind mills, Hassan & Chitradurga, Karnataka)
- Subsidiary-owned capacity
- 22 MW (15 MW Karikkayam hydro via Ayyappa Hydro Power Ltd; 7 MW Ullunkal hydro via EDCL Power Projects Ltd, both Kerala)
- Saleable electricity generated (own hydro plants)
- 23.10 million units, FY25 (vs 20.81 million units FY24)
- Saleable electricity generated (wind mills)
- 4.96 million units, FY25 (vs 5.17 million units FY24)
- Electricity generated (Ullunkal subsidiary)
- 20.38 million units, FY25 (vs 16.54 million units FY24)
Quarterly results
Q1 FY27: revenue down 38.4%, net profit down 209.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 8 | 3 | 10 | 21 +37% | 11 +38% | 4 +48% | 6 −38% |
| EBITDA | 11 | 4 | -3 | 6 | 15 +40% | 6 +46% | -0 +94% | 2 −66% |
| Net profit | 7 | -76 | -27 | 2 | 11 +61% | 1 +102% | -14 +49% | -2 −210% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.4% 1Y
1Y: ₹20 on 10 Sept 2025 → ₹14.92. High ₹27.37 (19 Nov 2025), low ₹13.15 (30 Mar 2026).
Financials, as filed
Revenue grew 24.2% a year over 2 years, FY24 to FY26. Operating margin widened to 59.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹30 Cr | ₹33 Cr | ₹46 Cr |
| Operating profit | ₹16 Cr | ₹16 Cr | ₹28 Cr |
| Operating margin | 54.1% | 49.2% | 59.5% |
| Interest | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Depreciation | ₹10 Cr | ₹10 Cr | ₹9 Cr |
| Net profit | ₹-2 Cr | ₹-97 Cr | ₹-0 Cr |
| Net margin | -7.2% | -296.9% | -0.5% |
| Cash from operations | ₹10 Cr | ₹22 Cr | ₹26 Cr |
| Free cash flow | ₹10 Cr | ₹17 Cr | ₹26 Cr |
| ROCE | 3.0% | 3.9% | 14.3% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹42 Cr | ₹52 Cr | ₹56 Cr | ₹54 Cr | ₹-31 Cr | ₹-44 Cr |
| Borrowings | ₹163 Cr | ₹160 Cr | ₹158 Cr | ₹154 Cr | ₹143 Cr | ₹137 Cr |
| Other liabilities | ₹93 Cr | ₹93 Cr | ₹94 Cr | ₹95 Cr | ₹38 Cr | ₹39 Cr |
| Total liabilities | ₹346 Cr | ₹353 Cr | ₹356 Cr | ₹350 Cr | ₹198 Cr | ₹180 Cr |
| Fixed assets | ₹172 Cr | ₹162 Cr | ₹151 Cr | ₹141 Cr | ₹126 Cr | ₹126 Cr |
| Capital work in progress | ₹30 Cr | ₹30 Cr | ₹30 Cr | ₹30 Cr | ₹4 Cr | ₹0 Cr |
| Investments | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹132 Cr | ₹149 Cr | ₹163 Cr | ₹167 Cr | ₹67 Cr | ₹54 Cr |
| Total assets | ₹346 Cr | ₹353 Cr | ₹356 Cr | ₹350 Cr | ₹198 Cr | ₹180 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 36,707.
- Promoters
- 58.1%
- Public
- 41.9%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 58.1%, Public 41.8%.Dec '23: Promoters 58.1%, FIIs 0.1%, Public 41.7%.Mar '24: Promoters 58.1%, FIIs 0.0%, Public 41.8%.Jun '24: Promoters 58.1%, FIIs 0.2%, Public 41.7%.Sep '24: Promoters 58.1%, Public 41.9%.Dec '24: Promoters 58.1%, FIIs 0.1%, Public 41.8%.Mar '25: Promoters 58.1%, Public 41.9%.Jun '25: Promoters 58.1%, Public 41.9%.Sep '25: Promoters 58.1%, Public 41.9%.Dec '25: Promoters 58.1%, Public 41.9%.Mar '26: Promoters 58.1%, Public 41.9%.Jun '26: Promoters 58.1%, Public 41.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Energy Development Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sarvottam Caps Private Limited | 24.84% | unchanged |
| Amar Singh | 19.47% | unchanged |
| Pankaja Kumari Singh | 8.73% | unchanged |
| Startrack Vinimay Pvt Ltd | 3.84% | unchanged |
| Sterlite Merchants Llp | 1.23% | unchanged |
| Sanjiv Saraf | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Energy Development Company Limited
Guides on how to read this kind of business and the numbers that matter.