# Ravindra Energy share price today (Ravindra Energy Ltd, NSE: RELTD)

> Ravindra Energy share price today: ₹140.25 at the NSE close on 3 November 2026, down 13.1% in a year. Ravindra Energy (NSE: RELTD) is worth ₹2,796 crore, trades at a P/E of 46.8 and has closed between ₹122.36 and ₹177.50 over the past 52 weeks. > Ravindra Energy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. RELTD · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ravindra-energy-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹140.25 (−13.1% in a year)
- P/E: 46.8× (higher than 63% of the last 11 years)
- Revenue (Jun 2026): ₹120 Cr (−26.2% on a year ago)
- Profit (Jun 2026): ₹1.6 Cr (−92.8% on a year ago)
- Operating margin: 31.8% (+14.6 points on a year ago)
- ROCE: 14%, FY26
- ROIC: 8.4%, against a 12.0% cost of capital: −3.6 points

The main question: yearly earnings per share moved +232.4% while the share price moved −13.1%. ## What is the Ravindra Energy share price today? Ravindra Energy Ltd's share price was ₹140.25 at the close on 3 November 2026. It has been falling for 1 week. That is 5.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹122 and ₹178, and at that close it sat 32% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 10 weeks running. Over the last 11 years the share price moved +548% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 28 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ravindra Energy this quarter? Three changes stood out: promoters cut their stake for 3 quarters in a row, best operating margin in 8 quarters and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row. 1. Promoters cut their stake for 3 quarters in a row From 64.8% to 58.3% of the company by the September 2026 quarter. 2. Best operating margin in 8 quarters Operating margin was 31.8% in the June 2026 quarter, against 17.1% a year earlier. 3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row From 1.9% to 3% of the company by the September 2026 quarter. ## What are Ravindra Energy's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Ravindra Energy reported revenue of ₹120 crore, down 26.2% from ₹163 crore a year earlier, and a profit of ₹1.64 crore, down 92.8% from ₹22.8 crore. ### Ravindra Energy results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹120 crore | ₹163 crore | −26.2% |
| Profit | ₹1.64 crore | ₹22.8 crore | −92.8% |
| Earnings per share | ₹0.08 | ₹1.15 | −93.0% |
| Operating margin | 31.8% | 17.1% | +14.6 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Ravindra Energy share price history? Ravindra Energy closed at ₹140.25 on 3 November 2026, down 13.1% from ₹161.36 a year earlier (31 October 2025) and up 192.1% over five years. Its highest weekly close since March 2016 was ₹178.69 on 19 September 2025. ### Ravindra Energy share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹130.10 | +7.8% |
| 1 month ago · 1 Oct 2026 | ₹146.75 | −4.4% |
| 6 months ago · 30 Apr 2026 | ₹139.44 | +0.6% |
| 1 year ago · 31 Oct 2025 | ₹161.36 | −13.1% |
| 3 years ago · 3 Nov 2023 | ₹61.35 | +128.6% |
| 5 years ago · 4 Nov 2021 | ₹48.01 | +192.1% |
| 10 years ago · 4 Nov 2016 | ₹45.96 | +205.2% |
| Earliest weekly close in our records · 9 Mar 2016 | ₹21.65 | +547.8% |
| Highest weekly close since March 2016 · 19 Sep 2025 | ₹178.69 | −21.5% |
| Lowest weekly close since March 2016 · 26 May 2016 | ₹16.55 | +747.4% |
| 52-week high (weekly close) · 17 Jul 2026 | ₹177.50 | −21.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹122.36 | +14.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (557 weekly closes from 9 March 2016 to 3 November 2026.)

## What is the latest news on Ravindra Energy? 3 Nov 2026: Ravindra Energy closed at ₹140.25, up 7.8% on the week and down 4.4% on the month. Our read, 19 Jul 2026: Margin expansion is overshadowed by balance sheet deterioration, rising debt, and declining promoter stake. ### Earlier

- Results for April to June 2026: Revenue down 26.2% and profit down 92.8% on a year earlier. ### Our read of the business

Ravindra Energy has seen an operating recovery with margins expanding significantly over the last year.,However, this growth is being funded by a substantial increase in debt and rising working capital days.,The recent reduction in promoter shareholding adds a layer of caution to the durability of this turnaround. Latest quarter: Stable revenue with maintained margins. (Our read after the latest results, written 19 July 2026.)

## What dividend does Ravindra Energy pay? Ravindra Energy has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Ravindra Energy Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What is the future of Ravindra Energy? What is changing in the business? What is changing at Ravindra Energy, from the latest results and calls: operating margin expansion. - Operating Margin Expansion. Operating margin expansion driven by gross margin tailwinds. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 19 July 2026.)

## What could change the Ravindra Energy story? What are the risks? A stabilization in working capital days and a halt to the increase in total debt, combined with promoters ceasing to dilute their stake. ### Each change stops working if

- Operating Margin Expansion: Input costs rise sharply or pricing power diminishes, reverting gross margins. ### The main risks

- Deteriorating working capital profile: Deteriorating working capital profile. ✓ fact
- Significant increase in debt: Significant increase in debt. ✓ fact
- Declining promoter shareholding: Declining promoter shareholding. ✓ fact

(Our read after the latest results, written 19 July 2026.)

## What to watch in Ravindra Energy's next results? When Ravindra Energy reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Debtor days expanding beyond thirty days in the next half. | What to check | Why |
| --- | --- |
| Debtor days expanding beyond thirty days in the next half. | Deteriorating working capital profile |
| Debt levels continuing to rise without corresponding operating cash flow generation. | Significant increase in debt |
| Further reductions in promoter shareholding in subsequent quarters. | Declining promoter shareholding |

## Which stock lists is Ravindra Energy on? Ravindra Energy is on one of our India lists: Power & green energy stocks. [Power & green energy stocks Group on the list: Solar and wind equipment makers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Ravindra Energy profitable? Ravindra Energy Ltd earned ₹1.6 Cr of net profit in the Jun 2026 quarter, −92.8% on the same quarter a year earlier. Full-year FY26 profit was ₹71.0 Cr. That is 1.4% of the quarter's revenue. The same quarter a year earlier earned ₹22.8 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹71.0 Cr (+222.7% on the year before). Why profit moved: revenue changed −26.2% on a year earlier and the margin moved +14.6 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +763.5% and revenue +192.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q3. Revenue and margins remained robust, indicating steady execution. The gross margin profile remained strong, supporting the operating leverage. FY26-Q4. The company reported stable revenue compared to the previous quarter, maintaining its operating margins at solid levels. This quarter confirmed the higher margin plateau established earlier in the year, although working capital metrics began to stretch. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How much revenue does Ravindra Energy make, and is it growing? Ravindra Energy Ltd reported ₹120 Cr of revenue in the Jun 2026 quarter, −26.2% on the same quarter a year earlier. Over 10 years it has grown 1.4% a year on average. The last full year, FY26, came in at ₹564 Cr. The last four reported quarters add to ₹501 Cr. FY26 revenue was ₹564 Cr, +98.6% on the year before. Recent pace: the last four quarters grew +192.3% on average, against 1.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +28.2%, against +128.5% a year over the last 8 quarters (rolling over). FY26-Q3. Revenue and margins remained robust, indicating steady execution. The gross margin profile remained strong, supporting the operating leverage. FY26-Q4. The company reported stable revenue compared to the previous quarter, maintaining its operating margins at solid levels. This quarter confirmed the higher margin plateau established earlier in the year, although working capital metrics began to stretch. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Ravindra Energy keep? Ravindra Energy Ltd's operating margin was 31.8% in the Jun 2026 quarter, 14.6 percentage points higher than the same quarter a year ago. Across 13 years it has been between −39.0% and 26.0%. The latest quarter is above every full year in that period. Why this happened. The company has experienced significant margin improvement, with operating margins expanding substantially over the past year, directly supported by gross margin gains. Why the margin moved: operating margin changed +14.6 percentage points on the year while gross margin changed +19.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. FY26-Q3. Revenue and margins remained robust, indicating steady execution. The gross margin profile remained strong, supporting the operating leverage. FY26-Q4. The company reported stable revenue compared to the previous quarter, maintaining its operating margins at solid levels. This quarter confirmed the higher margin plateau established earlier in the year, although working capital metrics began to stretch. Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters. ## Is Ravindra Energy's profit turning into cash? Over the last 3 years, 326% of Ravindra Energy Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹166 Cr of operating cash against ₹71.0 Cr of profit. After ₹465 Cr of spending on assets, free cash was −₹299 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 326% of profit came in as cash: the cash cycle got 100 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 13.3× depreciation over three years. The next section checks what that spending is building. ## Where does Ravindra Energy's cash go? Ravindra Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 30 days in FY26, down from 130 days in FY21. It spent ₹716 Cr on assets over the last 3 years. Customers take 26 days to pay, and stock sits for 20 days on average. At FY26 sales of ₹564 Cr, each day of that cycle ties up about ₹1.5 Cr, so roughly ₹46.0 Cr is tied up in the business at any time. FY26: customers took 26 days to pay and stock sat for 20 days, about 0.7 months of sales sitting as stock, for a full cycle of 30 days, shorter than FY21's 130. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 20 days. Customers pay about 26 days after that. Suppliers are paid at 16 days. Together that makes the 30-day cycle. Spending on assets: ₹716 Cr over the last 3 years, against ₹54.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹22.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Ravindra Energy's P/E ratio, and how does it compare with its own history? Ravindra Energy Ltd's P/E is 46.8×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 39.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +232.4% while the price moved −13.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +23.9% a year; about +1.0% a year came from earnings growth and about +22.9 percentage points from the multiple (the market paying more); over 10 years the price moved +11.8% a year; about +17.3% a year came from earnings growth and about −5.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Ravindra Energy share price assume? Worked out from its price on 27 August 2026, Ravindra Energy Ltd's share price assumed profit growth of about 28.8% a year. Today its P/E is 46.8×, higher than 63% of its own last 11 years. This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Ravindra Energy business getting better or worse? Ravindra Energy Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 14.7%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Ravindra Energy story, and has it been checked? Ravindra Energy Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: EARLY EXPANSION TO MID. Still open: A stabilization in working capital days and a halt to the increase in total debt, combined with promoters ceasing to dilute their stake. Our read, 19 July 2026. Margin expansion is overshadowed by balance sheet deterioration, rising debt, and declining promoter stake. From the numbers. From the price. Price stage 4, week 1, below its 200-day line, relative strength falling. From the research. Margin expansion is overshadowed by balance sheet deterioration, rising debt, and declining promoter stake. Where they disagree. What is proven. Margin expansion is overshadowed by balance sheet deterioration, rising debt, and declining promoter stake. What is not proven yet. A stabilization in working capital days and a halt to the increase in total debt, combined with promoters ceasing to dilute their stake. What would change our mind. A stabilization in working capital days and a halt to the increase in total debt, combined with promoters ceasing to dilute their stake. The test written in advance. A stabilization in working capital days and a halt to the increase in total debt, combined with promoters ceasing to dilute their stake. Measured by: the thesis as written as stated by the next result. The test written in advance. Deteriorating working capital profile. Measured by: Deteriorating working capital profile Debtor days expanding beyond thirty days in the next half. by the next result. The test written in advance. Significant increase in debt. Measured by: Significant increase in debt Debt levels continuing to rise without corresponding operating cash flow generation. by the next result. What the company does. Ravindra Energy has seen an operating recovery with margins expanding significantly over the last year. However, this growth is being funded by a substantial increase in debt and rising working capital days. The recent reduction in promoter shareholding adds a layer of caution to the durability of this turnaround. What the surface reading misses. The surface reading is: growth funded internally The research reads it further: Working capital expansion is absorbing cash, driven by higher debtor and inventory days. Lever 1 · Operating leverage: building. Operating margin expansion driven by gross margin tailwinds. What proves it keeps working: Operating Margin Expansion. It stops working if Input costs rise sharply or pricing power diminishes, reverting gross margins. Sources: our stock research file (19 July 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes. ## How much does Ravindra Energy earn on its capital? Ravindra Energy Ltd earned a ROCE of 14% in FY26. That is up from a low of −45% in FY19. Its return on capital used (ROIC) is 3.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 12.6% net margin and 0.50× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.6% net margin × 0.50× asset turnover × 2.72× leverage (assets divided by equity) ≈ 17.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.4% − 12.0% = −3.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Ravindra Energy have too much debt? Ravindra Energy Ltd has total debt of ₹555 Cr against shareholder equity of ₹440 Cr as of Jun 2026, so its debt is 1.26× its equity. Year by year, that ratio went from 0.78 in FY22 to 1.30 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Ravindra Energy shareholding pattern? Promoters cut their stake in Ravindra Energy Ltd by 16.7 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 58.3% of the company. Foreign institutions moved +3.1 points over the same period, to 3.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −16.7 points over 8 quarters, to 58.3%; Foreign institutions: +3.1 points over 8 quarters, to 3.2%; Domestic institutions: +2.9 points over 8 quarters, to 3.0%. Why the owners changed: promoters drove it (−16.7 points), with the other side taken by foreign institutions (+3.1 points). They reduced their stake. ## How far is Ravindra Energy from balance-sheet trouble? For Ravindra Energy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ravindra Energy rank in its industry? 54.1 out of 100, rank 8 of 19 in Capital Goods - Electric General, with 79% of the evidence available. Ravindra Energy Ltd scores 54.1 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 8. Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. The four parts add up to the total exactly: 25.3 + 15.3 + 9.4 + 4.1 = 54.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ravindra Energy compared with? Ravindra Energy ranks 8 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 54.1 out of 100. 1. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. Ravindra Energy Ltd this page RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative
12. [HPL Electric & Power Ltd](https://www.sectoralpha.in/stocks/hpl-electric-power-ltd) HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative
13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative
15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative
17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to Ravindra Energy in size? Ravindra Energy is the 4th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Siemens, V-Guard Industries and Spectrum Electrical Industries. Just below it: Rishabh Instruments, Honda India Power Products and Exicom Tele-Systems. ### Capital Goods - Electric General companies close in size

1. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) ₹1,17,627 crore
2. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) ₹12,247 crore
3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) ₹6,757 crore
4. Ravindra Energy Ltd ₹2,671 crore
5. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) ₹2,424 crore
6. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) ₹1,777 crore
7. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) ₹1,740 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Sandhar Technologies Limited](https://www.sectoralpha.in/stocks/sandhar-technologies-limited) ₹2,684 crore · Auto Ancillaries - 2&3 Wheelers
2. [Ganesha Ecosphere Ltd](https://www.sectoralpha.in/stocks/ganesha-ecosphere-ltd) ₹2,678 crore · Recycling
3. Ravindra Energy Ltd ₹2,671 crore
4. [BLS E-Services Ltd](https://www.sectoralpha.in/stocks/bls-e-services-ltd) ₹2,668 crore · IT - Software
5. [RPSG Ventures Ltd](https://www.sectoralpha.in/stocks/rpsg-ventures-ltd) ₹2,661 crore · IT Enabled Services

## What else do people ask about Ravindra Energy? ### What is Ravindra Energy's share price today? Ravindra Energy Ltd's share price is ₹140.25, −13.1% over the past year. The whole company is worth ₹2,796 Cr on the market. In the last 52 weeks it traded between ₹122 to ₹178; today it is 32% of the way up from the low, 5.1% below its 200-day average (as of 3 November 2026). ### What were Ravindra Energy's latest quarterly results? Ravindra Energy Ltd reported revenue of ₹120 Cr and net profit of ₹1.6 Cr for the Jun 2026 quarter. Revenue fell 26.2% and profit fell 92.8% compared with a year earlier. Earnings per share were ₹0.08. The operating margin was 31.8%, 14.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Ravindra Energy's market cap? Ravindra Energy Ltd's market capitalisation is ₹2,796 Cr at a share price of ₹140.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ravindra Energy performing? Ravindra Energy Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue fell 26.2% and profit fell 92.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will Ravindra Energy's share price go up? This page does not forecast Ravindra Energy Ltd's share price. What it shows instead: the share price is ₹140.25, and it has been falling for 1 weeks. Its P/E of 46.8× is higher than 63% of its own last 11 years (as of 3 November 2026). ### Who owns Ravindra Energy? Promoters own 58.3% of Ravindra Energy Ltd, foreign institutions 3.2%, domestic institutions 3.0% and the public 35.6% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 16.7 percentage points over 8 quarters (as of 3 November 2026). ### Does Ravindra Energy have too much debt? Yes, Ravindra Energy Ltd has a lot of debt: its debt is 1.35× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹558 Cr against equity of ₹412 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Ravindra Energy in its business cycle? Ravindra Energy Ltd's FY26 operating margin was 23.0%, against a 13-year range of −39.0% to 26.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 31.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ravindra Energy story? The main question: yearly earnings per share moved +232.4% while the share price moved −13.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ravindra Energy a stock worth studying right now? What the numbers show: Ravindra Energy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ravindra Energy share price forecast for 2026? What is changing at Ravindra Energy, from the latest results and calls: operating margin expansion. What would change the story: A stabilization in working capital days and a halt to the increase in total debt, combined with promoters ceasing to dilute their stake. ## Lists

- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.