Karma Energy Peer Comparison

NSE: KARMAENG | BSE: 533451

₹33.14

₹-0.38 (-1.13%)

As on 27-Oct-2026IST

Market cap

₹39 Cr

Revenue (TTM)

₹10 Cr

P/E Ratio

44.3

P/B Ratio

0.9

Div. Yield

0 %

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	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Market cap (₹ Cr)	39	29,484	14,481	13,719	7,092
Revenue (₹ Cr)	10	2,370	1,913	719	3,936
Net Profit (₹ Cr)	0.88	602.41	85.58	40.46	476.36
Net Margin (%)	6.84	20.94	4.12	5.03	12.03
RoE (%)	2.13	11.98	2.43	1.20	45.38
Price to Earnings	44.25	48.86	153.83	339.03	15.23
Price-To-Book	0.94	3.68	3.14	2.64	6.34

Income Statement (₹ Cr)

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Operating Revenue	9.76	2,023.38	1,912.87	718.93	3,331.42
Total Income	13.05	2,507.08	2,077.93	804.93	3,351.85
Total Expenditure	12.62	241.90	781.77	112.74	2,690.33
EBITDA	-2.86	1,781.48	1,131.10	606.19	641.10
Depreciation	2.02	467.90	379.91	236.86	8.62
EBIT	-4.88	1,313.57	751.19	369.33	632.47
Interest	0.16	1,123.13	787.51	400.13	13.29
Other Income	3.30	483.70	165.06	86.00	20.43
Exceptional Items	0.81	2.68	--	--	-4.02
Profit before Tax	-0.94	676.82	134.98	55.19	639.61
Provision for Tax	-1.99	178.94	49.40	14.73	160.97
Profit after Tax	1.05	497.89	85.58	40.46	478.64

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Shareholder's Funds	40.83	5,061.48	4,638.27	3,423.88	934.35
Minority Interest	--	-1.31	885.27	--	-0.52
Non-Current Liabilities	5.15	19,865.01	11,900.00	12,165.72	111.10
Current Liabilities	1.09	3,220.16	5,129.21	3,910.47	1,328.87
Total Liabilities	47.06	28,145.34	22,555.04	19,500.07	2,373.79

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Non-Current Assets	32.55	21,159.60	19,147.63	15,717.20	584.16
Current Assets	14.51	6,976.16	3,405.12	3,782.87	1,789.63
Total Assets	47.06	28,145.34	22,555.04	19,500.07	2,373.79
Total Debt*	0.79	18,988.05	12,400.34	12,920.54	81.67
Net Current Assets	13.42	3,756.00	-1,724.10	-127.60	460.76
Contingent Liabilities	3.08	202.63	1,232.86	2,210.51	38.02

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Cash From Operating Activities	1.93	1,248.59	1,731.24	469.99	286.95
Cash Flow from Investing Activities	-1.82	-7,317.38	-5,957.47	-6,509.77	-264.48
Cash from Financing Activities	-0.58	7,015.46	5,095.40	6,866.20	22.55
Net Cash Inflow / Outflow	-0.47	946.67	869.17	826.42	45.02

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
ROCE (%)	-1.88	9.23	6.69	3.61	87.12
ROE (%)	2.60	10.53	2.43	1.20	69.02
ROA (%)	2.12	2.15	0.48	0.27	27.40
EBIT Margin (%)	4.42	111.95	67.76	96.28	19.86
Net Margin (%)	8.04	19.86	4.12	5.03	14.28
Cash Profit Margin (%)	31.46	47.73	24.33	38.57	14.63

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Revenue Growth (%)	12.13	44.00	27.89	41.33	108.51
EBIT Growth (%)	-86.49	61.16	27.42	42.52	103.10
Net Profit Growth (%)	-25.25	98.50	340.46	10.93	109.08
EPS Growth (%)	-25.25	97.80	192.92	10.92	108.69
Book Value Growth (%)	2.52	10.82	84.05	1.19	105.55

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Price / Earnings	39.21	31.73	95.61	0.00	17.05
Price / Book Value	1.01	3.18	1.98	0.00	8.75
Dividend Yield (%)	0.00	0.08	0.00	--	0.00
EV/EBITDA	96.94	12.65	14.75	14.52	11.92
Market Cap (₹ Cr)	41.14	15,830.92	8,999.88	0.00	8,162.98

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Debt to Equity	0.02	3.82	2.72	3.80	0.09
Short term debt to equity ratio	--	0.13	0.14	0.37	0.06
Current Ratio	13.36	2.17	0.66	0.97	1.35
Quick Ratio	11.84	2.16	0.66	0.97	1.26
Interest Coverage	-4.79	1.60	1.17	1.14	49.13

	Karma Energy	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Juniper Green Energy	Waaree Renewable
Debtors to sales (%)	12.62	16.45	14.53	15.57	35.18
Asset Turnover	0.20	0.09	0.11	0.05	1.91
Receivable days	153.13	64.38	44.45	46.79	91.47
Inventory Days	67.62	1.92	8.78	0.00	6.75
Payable days	--	--	--	--	71.10
Cash Conversion Cycle	--	--	--	--	27.12

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.