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Karma Energy
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Karma Energy Ltd is engaged in the business of generation of power from renewable energy sources predominantly wind power. The company has wind farms in Andhra Pradesh, Tamil Nadu and Maharashtra and has given on lease a wind farm in Tamil Nadu.
Karma Energy Ltd was incorporated on March 15, 2007 as a private limited company with the name Karma Wind Power Pvt Ltd. In March 12, 2010, the company was converted into a public limited company and the name was changed to Karma Wind Power Ltd.
In October 2010, as per the scheme of arrangement, the power undertaking of Weizmann Ltd was de-merged and transferred to the company with effect from appointed date, April 01, 2010. Also, the name of the company was changed from as Karma Wind Power Ltd to Karma Energy Ltd with effect from December 29, 2010.
Pursuant to the scheme, Almi Hydro-Electric Projects Ltd, Baledh Energy Projects Ltd, Batot Hydro Power Ltd, Brahmanvel Energy Ltd, Greenweiz Projects Ltd, Joiner Hydro Power Projects Ltd, Khandesh Energy Projects Ltd and Vajharpada Energy Ltd became the subsidiaries of the company. These subsidiary companies are SPV's executing power projects and carrying operation & maintenance of wind farms.
The company's equity shares were listed on Bombay Stock Exchange Ltd (BSE) and National Stock Exchange Ltd (NSE) with effect from June 28, 2011.
In August 2011, the company approved the scheme of amalgamation of Avirodh Financial Services Ltd with the company. The amalgamation appointed date will be opening hours of business on April 01, 2011.
The company would be focusing on the core business of power generation from renewable energy sources primarily wind and small hydel projects either directly or through the subsidiary special purpose companies.
The renewable energy projects being developed in the subsidiaries are at various stages of obtaining requisite approvals from relevant authorities, study of potential of wind, evaluating the power evacuation system etc. A 3.5 MW small hydel project in Chamba Himachal Pradesh in one of the subsidiaries is nearing completion and expected to be commissioned during the financial year 2011-12.
The company plans to add installed capacities of minimum of 10 to 15 MW wind farm every year to begin with.
Karma Energy share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Karma Energy indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Karma Energy is valued compared to its competitors.
Karma Energy PE ratio helps investors understand what is the market value of each stock compared to Karma Energy 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Karma Energy evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Karma Energy generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Karma Energy in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Karma Energy shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Karma Energy compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Karma Energy over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Karma Energy helps investors get an insight into when they can enter or exit the stock. Key components of Karma Energy Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Karma Energy shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Karma Energy ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Karma Energy provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Karma Energy highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Karma Energy .
The balance sheet presents a snapshot of Karma Energy ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.