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    Karma Energy Limited

    Mumbai-based wind power generation company operating wind farms in Maharashtra and Tamil Nadu, selling generated electricity to state utility grids.

    Power
    Utilities

    Overview

    Price

    Market Cap

    ₹44 Cr

    Sector

    Power

    Utilities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY15FY16FY17FY18FY19FY20FY21FY22
    LiabilitiesEquity Capital1212121212121212
    Reserves221847703015-219
    Borrowings105110917386989319
    Other Liabilities1625222919171614
    Total Liabilities15516417318314614211963
    AssetsFixed Assets1131061039789858032
    CWIP34111200
    Investments8829612620162
    Other Assets3246392530352329
    Total Assets15516417318314614211963

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY15FY16FY17FY18FY19FY20FY21FY22
    ActivitiesCash from Operating1-135226811-1
    Cash from Investing-3-094-11-19150
    Cash from Financing313-14-2173-12-49
    SummaryCapital Expenditure
    Free Cash Flow-3-13722-1612-1
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    KARMAENG · CAPITAL_INTENSIVE

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