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Ravindra Energy Limited (RELTD) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Ravindra Energy Limited ₹81.13, price ₹147, upside -44.8%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · IN

RE Some data Oct 1, 2026

Ravindra Energy Limited

RELTD · NSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹81.13 · Strongly overvalued (−44.8%)
!Quality 42/100
!Expensive Growth (revenue 3y +29.1 %/yr)
✓Solidly profitable · 12.5% net margin (TTM)
!Moderate debt · negative free cash flow
!Mixed vs. peers (5/12)
✓Wide moat 65/100
!Evidence only medium, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹183.08 ₹69.16 Fair Value ₹81.13 Jul 2024 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.

How to read this chart

26‑month range ₹69.16 – ₹183.08 · fair‑value band ₹55.90 – ₹106.38 · the ₹146.98 price screens above the ₹81.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.

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Company profile

Ravindra Energy Limited sells solar pumps and setting up of solar generation power plants in India. The company undertakes various projects relating to solar photo voltaic power pumping systems, rooftop solar, and ground-mount solar power projects at various locations in the state of Karnataka, Maharashtra, and Rajasthan.

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Ravindra Energy Limited sells solar pumps and setting up of solar generation power plants in India. The company undertakes various projects relating to solar photo voltaic power pumping systems, rooftop solar, and ground-mount solar power projects at various locations in the state of Karnataka, Maharashtra, and Rajasthan. It also generates and sells power; and trades in sugar and coal. The company was formerly known as Ravindra Trading and Agencies Limited and changed its name to Ravindra Energy Limited. Ravindra Energy Limited was incorporated in 1980 and is based in Belgaum, India.

Stock analysis

Ravindra Energy Limited (RELTD) currently trades at ₹146.98, while our model-based Fair Value estimate is ₹81.13, 44.8% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹178.06 per share, and 2 of the 14 models we run sit above the ₹146.98 price.

Bear case: the Asset-Based group reads lowest at ₹14.26, and 12 of the 14 models stay below the price. Evidence for this calculation is medium.

Scenario range: ₹55.90 (bear) to ₹106.38 (bull), the price of ₹146.98 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 42/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ravindra Energy Limited reported revenue of ₹5.4B in FY2026 versus ₹7.6B in FY2022, a compound −8.2%/yr. Reported net income was ₹808M in FY2026, compounding +25.4%/yr from FY2022.

Key figures

Market cap ₹29.0B (≈ $301M) · P/E ratio 54.4 · P/S ratio 8.10 · EPS (TTM) ₹2.70 · Net margin 14.9% · Return on equity 20.4% · Return on assets (EBIT) 5.6% · Operating margin 22.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 20% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 9% fair-value upside, at −45%, RELTD screens richer than that median.

Fair Value models

Bear ₹55.90 Fair Value ₹81.13 Bull ₹106.38
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.37 per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV ₹18.06 ₹23.15 ₹27.40 74
EV/EBITDA ₹30.20 ₹46.70 ₹63.20 66
ROIC Compounder ₹18.06 ₹25.80 ₹36.58 66
All 14 models by family
Earnings-Based
Graham-Dodd ₹27.68 ₹193.05 ₹270.91 59
Lynch FV ₹99.74 ₹142.48 ₹185.22 57
PEG = 1.0 ₹99.74 ₹142.48 ₹185.22 53
EPV ₹18.06 ₹23.15 ₹27.40 74
Multiples
P/E Multiple ₹54.96 ₹73.27 ₹91.59 63
P/S Multiple ₹51.29 ₹68.39 ₹85.49 58
P/B Multiple ₹28.73 ₹38.30 ₹47.88 55
EV/EBIT ₹39.07 ₹58.52 ₹77.98 65
EV/EBITDA ₹30.20 ₹46.70 ₹63.20 66
EV/Revenue ₹27.92 ₹48.15 ₹68.38 52
Asset-Based
NCAV (Graham) ₹10.64 ₹14.26 ₹21.28 54
Economic Profit
Residual Income ₹23.16 ₹30.85 ₹50.21 63
ROIC Compounder ₹18.06 ₹25.80 ₹36.58 66
Growth Earnings
Growth-Adj P/E ₹124.64 ₹178.06 ₹231.48 63

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Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 35

Profitability 49
Margins and returns on capital today
Quality Growth 97
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+116.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+29.1%
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 19%
2026 sits 260% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

RELTD screens overvalued: fair value 45% below the price. Compare with First Solar, Inc →

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Peer Groupⓘ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.Solar · 104 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 42 · Above median
Fair Value upside −44.8% · Below median
Profitability
Return on equity (TTM) 20.4% · Top 25%
Return on assets 7.2% · Top 25%
Net margin (TTM) 12.5% · Top 25%
Operating margin (TTM) 22.9% · Top 25%
Growth and dividend
Revenue growth −26.2% · Bottom 25%
Balance sheet
Debt / equity 1.12× · Highest 25%

Valuation Multiplesvs Solar median · lower = cheaper

P/E (TTM) 54.4× · Priciest 25%
P/B 6.87× · Priciest 25%
P/S (TTM) 6.03× · Priciest 25%
EV/EBITDA 23.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 6
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)81 · sector 0
HEALTH (low debt)44 · sector 82
DIVIDEND (yield)0 · sector 27

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $176.93 $392.06 +122%
Nextpower Inc NXT $80.85 $88.94 +10%
Tongwei Co 600438 ¥11.12 ¥12.13 +9%
Waaree Energies Limited WAAREEENER ₹2,495 ₹2,709 +9%
Jinko Solar Co 688223 ¥3.75 ¥6.49 +73%
Hengdian Group 002056 ¥20.04 ¥31.86 +59%
Hanwha Solutions Corporation 009830 29,200 KRW 9,611 KRW −67%
CSI Solar Co 688472 ¥8.32 ¥4.88 −41%
Enphase Energy, Inc ENPH $30.91 $24.08 −22%
Premier Energies Limited PREMIERENE ₹896.40 ₹648.72 −28%

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Cite: Fair Value Calculator (2026). "Ravindra Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/RELTD

Frequently asked questions

Is Ravindra Energy Limited (RELTD) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹81.13 versus a price of ₹146.98, about −45% upside (overvalued).
What is the fair value of RELTD?
Our model-based fair value for Ravindra Energy Limited is ₹81.13 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹146.98.
What is the quality score of RELTD?
Ravindra Energy Limited has a Quality Score of 42/100. 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 price target for Ravindra Energy Limited (RELTD)?
Our model-based price target is the fair value of ₹81.13 (as of Oct 1, 2026) from 14 valuation models. Cautious scenario ₹55.90, optimistic scenario ₹106.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Ravindra Energy Limited stock forecast for 2026?
Our models put fair value at ₹81.13, about −45% upside versus a price of ₹146.98 (overvalued). Cautious scenario ₹55.90, optimistic scenario ₹106.38. The calculation is refreshed regularly with new filings.
What is the revenue of Ravindra Energy Limited (RELTD)?
Ravindra Energy Limited reported trailing-twelve-month revenue of about ₹4.8B (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Ravindra Energy Limited (RELTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ravindra Energy Limited it is ₹81.13 per share (as of Oct 1, 2026), against a price of ₹146.98. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Ravindra Energy Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, RELTD trades above its calculated fair value: price ₹146.98, fair value ₹81.13, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RELTD?
No. The price is what the market pays today (₹146.98); the fair value is what the company's own numbers justify (₹81.13). For Ravindra Energy Limited the two are ₹65.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ravindra Energy Limited worth?
The market values Ravindra Energy Limited at about ₹29.0B (market capitalisation, as of Oct 1, 2026). Per share that is ₹146.98; our models calculate a fair value of ₹81.13 per share.
What do the bullish and bearish scenarios say about RELTD?
Our models span a range for Ravindra Energy Limited: cautious scenario ₹55.90, base ₹81.13, optimistic ₹106.38 per share (as of Oct 1, 2026, price ₹146.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RELTD?
Ravindra Energy Limited trades at a price-to-earnings ratio of 54.4 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹81.13 is built from several models across several years. Other multiples: P/B 6.9, P/S 6.0, EV/EBITDA 23.8.
How solid is the balance sheet of Ravindra Energy Limited (RELTD)?
Balance-sheet figures for Ravindra Energy Limited (as of Oct 1, 2026): return on equity 20.4%, debt of 1.12 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is RELTD from its 52-week high?
Ravindra Energy Limited trades at ₹146.98, about 20% below its 52-week high of ₹183.08 and 23% above the low of ₹119.75 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹81.13 is for.
Which stocks are comparable to Ravindra Energy Limited?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ravindra Energy Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹146.98, calculated fair value ₹81.13 (−45%), Quality Score 42/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RELTD calculated?
We run Ravindra Energy Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹81.13, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Ravindra Energy Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ravindra Energy Limited (RELTD)?
The closing price on Oct 1, 2026 was ₹146.98. Our model-based fair value is ₹81.13, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ravindra Energy Limited right now?
The price sits above even our optimistic bull case (₹106.38). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹55.90 to ₹106.38) leaves room in how you read the outcome.

Key figures of Ravindra Energy Limited

How large is the market capitalisation of Ravindra Energy Limited (RELTD)?
The market capitalisation of Ravindra Energy Limited is ₹29.0B (≈ $301M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ravindra Energy Limited (RELTD)?
The price-to-sales ratio of Ravindra Energy Limited is 8.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ravindra Energy Limited (RELTD)?
Earnings per share at Ravindra Energy Limited are ₹2.70 (price ÷ EPS = P/E 54.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ravindra Energy Limited (RELTD)?
The net margin of Ravindra Energy Limited is 14.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ravindra Energy Limited (RELTD)?
The return on equity (ROE) of Ravindra Energy Limited is 20.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ravindra Energy Limited (RELTD)?
On an EBIT basis the return on assets of Ravindra Energy Limited is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ravindra Energy Limited (RELTD)?
The operating margin of Ravindra Energy Limited is 22.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ravindra Energy Limited (RELTD)?
Revenue at Ravindra Energy Limited is growing −26.2% versus a year earlier (3y avg +29.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ravindra Energy Limited (RELTD)?
Earnings per share at Ravindra Energy Limited are growing −93.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ravindra Energy Limited (RELTD) generate?
The free cash flow of Ravindra Energy Limited is −₹3.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ravindra Energy Limited (RELTD) carry?
The net debt of Ravindra Energy Limited is ₹4.6B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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