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Ravindra Energy Ltd (RELTD) Fair Value & Analysis

Technology · IN · Market cap ₹33.3B (≈ $353M) · ISIN INE206N01018

What is Ravindra Energy Ltd really worth?

RE Ravindra Energy Ltd RELTD · BSE
Price₹161.30
Fair Value₹30.55
Upside−81.1%
Quality34/100

Below-average quality, and trading another 428% above our fair value of ₹30.55.

As of Aug 13, 2026, the fair value of Ravindra Energy Ltd is ₹30.55 per share against a price of ₹161.30, so the fair value sits 81% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Solidly profitable · 14.9% net margin

Risks

!Mixed Growth (revenue 5y −19.0 %/yr)
!Moderate debt · negative free cash flow
!Trails peers (3/12)
!Moderate moat 46/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹22.91 – ₹38.19

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 23 days ago

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (₹38.19). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

₹182.55 ₹30.40 Fair Value ₹30.55 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹30.40 – ₹182.55 · fair‑value band ₹22.91 – ₹38.19 · the ₹161.30 price screens above the ₹30.55 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Ravindra Energy Ltd (RELTD) currently trades at ₹161.30, while our model-based Fair Value estimate is ₹30.55, implying the stock looks roughly 428.0% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of ₹17.44 per share, and 0 of the 12 models we run sit above the ₹161.30 price. Bear case: the Earnings-Based group reads lowest at ₹8.92, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Ravindra Energy Ltd generated revenue of ₹5.4B at a net margin of 14.9%. Revenue declined 34.0% year over year. It earns a return on equity of 20.4%. Net debt stands at ₹1.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹22.91 (bear case) to ₹38.19 (bull case); at ₹161.30, the current price sits above 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 16% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −81%, RELTD screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly ₹4.45 per share, which is 13.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence ₹6.55 ₹8.92 ₹10.99 74
ROIC Compounder ₹6.55 ₹8.92 ₹10.99 72
Residual Income ₹13.61 ₹14.15 ₹14.66 71
All 12 models by family
Earnings-Based
Graham-Dodd ₹7.42 ₹9.07 ₹10.20 67
EPV best evidence ₹6.55 ₹8.92 ₹10.99 74
Multiples
P/E Multiple ₹14.73 ₹19.64 ₹24.55 63
P/S Multiple ₹13.91 ₹18.55 ₹23.19 58
P/B Multiple ₹13.91 ₹18.55 ₹23.19 55
EV/EBIT ₹11.17 ₹17.44 ₹23.72 65
EV/EBITDA ₹9.22 ₹14.85 ₹20.48 66
EV/Revenue ₹7.57 ₹14.10 ₹20.62 52
Asset-Based
NCAV (Graham) ₹8.54 ₹11.44 ₹17.07 54
Economic Profit
Residual Income ₹13.61 ₹14.15 ₹14.66 71
ROIC Compounder ₹6.55 ₹8.92 ₹10.99 72
Growth Earnings
Growth-Adj P/E ₹10.47 ₹14.95 ₹19.44 67

Widest divergence: Multiples (₹17.44) versus Earnings-Based (₹8.92). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 36.2
P/S ratio 3.14 P/E × margin
EPS (TTM) ₹4.45 price ÷ EPS = P/E 36.2
Net margin 8.7% FY2025
Return on equity 20.4% TTM
Return on assets (EBIT) 4.3% avg 5y
More key figures
Profitability
Operating margin −6.4% TTM
Growth
Revenue (TTM) ₹5.4B TTM
Revenue growth (YoY) −34.0% 3y avg −31.1%
EPS growth (YoY) +471%
Balance sheet & cash flow
Free cash flow −₹1.1B FY2025
Net debt ₹1.1B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 37 · Market factors (momentum, volatility) 46

Profitability 30
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 15
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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

Full company description

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

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ravindra Energy Ltd reported revenue of ₹2.5B in FY2025 versus ₹3.0B in FY2021, a compound −4.7%/yr. Reported net income was ₹217M in FY2025, compounding +41.8%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹2.5B
Latest YoY
+91.2%
Avg. revenue 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.
−31.1%
Avg. revenue 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.
−19.0%
Avg. revenue growth/yr (6Y) 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.
−11.4%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. 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.
+18.1% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+18.1%
Dividend yield0.0%
Operating margin (EBIT) 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.4.9% (2020) → 13.3% (2025) · rising
Worst earnings drop225% (2024) (loss year, drop beyond 100%) · in INR
Revenue −4.7%/yr
FY21 ₹3.0B
FY22 ₹7.6B
FY23 ₹2.5B
FY24 ₹1.3B
FY25 ₹2.5B
Net income +41.8%/yr
FY21 ₹53.6M
FY22 ₹327M
FY23 ₹155M
FY24 −₹516M
FY25 ₹217M

RELTD screens 428% overvalued. Compare with First Solar, Inc →

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

Peer Group

Solar · 110 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 34 · Below median
Fair Value upside −50% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) −6% · Below median
Revenue growth −34% · Bottom 25%
Debt / equity 0.51× · Higher than median

Valuation Multiples vs Solar median · lower = cheaper

P/E (TTM) 36.2× · Pricier than median
P/B 9.83× · Pricier than 75% of peers
P/S (TTM) 6.14× · Pricier than 75% of peers
EV/EBITDA 26.6× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 13
FUTURE0 · sector 0
PAST81 · sector 0
HEALTH75 · sector 86
DIVIDEND0 · sector 28

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

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 (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $204.45 $392.12 +92%
Nextpower Inc NXT $103.67 $69.61 −33%
Waaree Energies Limited WAAREEENER ₹2,635 ₹2,709 +3%
Tongwei Co 600438 ¥12.89 ¥12.13 −6%
Jinko Solar Co 688223 ¥4.16 ¥6.47 +56%
Enphase Energy, Inc ENPH $36.37 $24.15 −34%
CSI Solar Co 688472 ¥10.28 ¥6.76 −34%
Hengdian Group 002056 ¥21.53 ¥31.86 +48%
Premier Energies Limited PREMIERENE ₹1,017 ₹648.94 −36%
Trina Solar Co 688599 ¥12.77 ¥7.97 −38%

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Frequently asked questions

Is Ravindra Energy Ltd (RELTD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹30.55 versus a price of ₹161.30, about −81% upside (overvalued).
What is the fair value of RELTD?
Our model-based fair value for Ravindra Energy Ltd is ₹30.55 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹161.30.
What is the quality score of RELTD?
Ravindra Energy Ltd has a Quality Score of 34/100. 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 Ltd (RELTD)?
Our model-based price target is the fair value of ₹30.55 (as of Aug 13, 2026) from 12 valuation models. Cautious scenario ₹22.91, optimistic scenario ₹38.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Ravindra Energy Ltd stock forecast for 2026?
Our models put fair value at ₹30.55, about −81% upside versus a price of ₹161.30 (overvalued). Cautious scenario ₹22.91, optimistic scenario ₹38.19. The calculation is refreshed regularly with new filings.
What is the revenue of Ravindra Energy Ltd (RELTD)?
Ravindra Energy Ltd reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of RELTD?
The net profit margin of Ravindra Energy Ltd is about 14.9%, meaning it keeps roughly 14.9% of revenue as net income. Based on the latest reported figures.
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