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Energy Development Company (ENERGYDEV) Fair Value & Analysis

Utilities · IN · Market cap ₹774M

ED Energy Development Company ENERGYDEV · NSE
Price₹16.72
Fair Value₹18.93
Upside+13.2%
Quality61/100
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Mixed Growth
Loss-making · -0.5% net margin
High debt · generates free cash flow
Ranks above peers (8/12)
Narrow moat 15/100
Evidence: Medium Range ₹12.50 – ₹29.33 Share as image

Fair value as of: Aug 2, 2026

From 14 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹29.70 to ₹18.93 (−36.3%) since Jun 29, 2026. Share price −2.8% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • A fairly wide model range (₹12.50 to ₹29.33) leaves room in how you read the outcome.
  • Our model range runs from ₹12.50 (bear) to ₹29.33 (bull), base ₹18.93. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹40.30 ₹8.50 Fair Value ₹18.93 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹8.50 – ₹40.30 · fair‑value band ₹12.50 – ₹29.33 · the ₹16.72 price screens below the ₹18.93 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Energy Development Company (ENERGYDEV) currently trades at ₹16.72, while our model-based Fair Value estimate is ₹18.93, implying the stock looks roughly 13.2% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Energy Development Company generated revenue of ₹463M at a net margin of -0.5%. Revenue grew 47.8% year over year. Net debt stands at ₹1.2B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹12.50 (bear case) to ₹29.33 (bull case); at ₹16.72, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 13%, ENERGYDEV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹16.09 ₹23.91 ₹36.02 80
Rev-Margin DCF ₹8.75 ₹16.67 ₹26.61 74
ROIC Compounder ₹12.19 ₹16.28 ₹20.19 72
All 14 models by family
DCF Models
FCF DCF ₹15.22 ₹23.46 ₹37.29 38
Owner Earnings ₹3.04 ₹7.58 ₹15.21 31
5Y Revenue Exit ₹8.75 ₹15.96 ₹26.38 39
5Y EBITDA Exit ₹20.87 ₹36.91 ₹58.15 41
10Y Revenue Exit ₹11.08 ₹16.34 ₹21.77 36
10Y EBITDA Exit ₹18.18 ₹28.18 ₹38.80 37
Earnings-Based
EPV ₹12.19 ₹15.48 ₹18.22 59
Multiples
EV/EBIT ₹31.71 ₹46.27 ₹60.82 53
EV/EBITDA ₹31.51 ₹45.99 ₹60.47 54
EV/Revenue ₹5.10 ₹12.40 ₹19.70 43
Asset-Based
NCAV (Graham) ₹0.4100 ₹0.5500 ₹0.8200 50
Growth DCF
Growth DCF ₹16.09 ₹23.91 ₹36.02 80
Rev-Margin DCF ₹8.75 ₹16.67 ₹26.61 74
Economic Profit
ROIC Compounder ₹12.19 ₹16.28 ₹20.19 72

Widest divergence: Multiples (₹45.99) versus Asset-Based (₹0.5500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹463M
Revenue growth (YoY) +47.8%
Net margin -0.5%
Return on equity -165%
Free cash flow ₹159M FY2026
Operating margin -55.8%
More key figures
EPS (TTM) ₹-0.0500
EPS growth (YoY) +60.9%
Net debt ₹1.2B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 37

Profitability 14
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Energy Development Company Limited, together with its subsidiaries, generates and sells electricity from water and wind to various electricity boards in India. It operates through three divisions: Generation, Contract, and Trading.

Full company description

Energy Development Company Limited, together with its subsidiaries, generates and sells electricity from water and wind to various electricity boards in India. It operates through three divisions: Generation, Contract, and Trading. The company owns and operates 9 MW and 6 MW Harangi hydro-electric power plants in the state of Karnataka; 7 MW Ullunkal and 15 MW Karikkayam hydro-electric power plants in the state of Kerala; and 2 windmills with 1.5 MW each in the districts of Hassan and Chitradurga in Karnataka. It also constructs, develops, implements, operates, and maintains projects and consultancies; and trades in power equipment and metals. In addition, the company provides engineering, consultancy, and project management services for hydroelectric power plants; pre-project planning, project support, project preparation, post-construction, and detailed engineering services; third party power plant operations and maintenance services; and rehabilitation, renovation, modernization, and uprating consultancy and services for ageing hydro power plants. Further, it is involved in the cogeneration or the combined generation of heat and power from a single fuel source, such as bagasse. Energy Development Company Limited was incorporated in 1995 and is based in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Energy Development Company reported revenue of ₹463M in FY2026 versus ₹430M in FY2022, a compound +1.9%/yr. Reported net income was −₹2.4M in FY2026.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹463M
Latest YoY
+41.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.1%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.6%
Revenue +1.9%/yr
FY22 ₹430M
FY23 ₹374M
FY24 ₹300M
FY25 ₹328M
FY26 ₹463M
Net income
FY22 ₹95.5M
FY23 ₹42.1M
FY24 −₹21.7M
FY25 −₹973M
FY26 −₹2.4M

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Cite: Fair Value Calculator (2026). "Energy Development Company Fair Value". https://www.fairvalue-calculator.com/stock/ENERGYDEV

Peer Group

Utilities - Regulated Electric · 154 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside +13% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -56% · Bottom 25%
Revenue growth 48% · Top 25%
Debt / equity 20.24× · Higher than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 51 · sector 7
FUTURE 100 · sector 32
PAST 0 · sector 39
HEALTH 0 · sector 54
DIVIDEND 0 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is Energy Development Company (ENERGYDEV) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹18.93 versus a price of ₹16.72, about +13% (undervalued).
What is the fair value of ENERGYDEV?
Our model-based fair value for Energy Development Company is ₹18.93 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹16.72.
What is the quality score of ENERGYDEV?
Energy Development Company has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Energy Development Company (ENERGYDEV)?
Energy Development Company reported trailing-twelve-month revenue of about ₹463M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ENERGYDEV?
The net profit margin of Energy Development Company is about -0.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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