Energy Development Company Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Generating Division: 100.0%
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Company generates healthy free cash flow
CONS
- Company has a high debt-to-equity of 35.16x
- Company is loss-making at the operating / net level
- Company has a low return on equity of -64.4% over last 3 years
- Company has a low return on capital employed of -7.0%
- A large part of profit comes from other income (37.8% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.59x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 209.85 | 28.39 | 404689.32 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 333.30 | 11.64 | 323189.88 | 2.70 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 269.10 | 15.74 | 250279.25 | 3.34 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1282.00 | 118.37 | 211167.98 | 0.00 | 9830.00 | 1092.96 | 44310.00 | 1066.05 | 9.90 | 91.24 |
| ADANIENSOL | 1373.75 | 57.55 | 168003.37 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| TATAPOWER | 365.00 | 30.19 | 116629.89 | 0.68 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 525.45 | 48.97 | 96340.35 | 0.38 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 76.30 | 20.19 | 76643.62 | 2.11 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 86.90 | 120.64 | 73224.80 | 0.00 | 3048.40 | 1282.62 | 11068.60 | 1527.23 | 3.73 | 91.95 |
| TORNTPOWER | 1298.20 | 28.15 | 65416.76 | 1.54 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 264.25 | 11.42 | 36641.87 | 1.46 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.27 | 32.83 |
| ENERGYDEV | 14.81 | 0.00 | 70.35 | 0.00 | -1.81 | -210.02 | 6.33 | -38.44 | 9.76 | 33.20 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 11 | 9 | 4 | 7 | 15 | 8 | 3 | 10 | 21 | 11 | 4 | 6 | |
| 3 | 3 | 3 | 5 | 3 | 4 | 4 | 6 | 4 | 5 | 5 | 4 | 9 | |
| Operating Profit | 3 | 8 | 6 | -1 | 4 | 11 | 4 | -3 | 6 | 15 | 6 | -0 | -2 |
| OPM % | 53.16% | 70.26% | 69.31% | -25.38% | 59.29% | 72.76% | 51.92% | -109.22% | 59.96% | 74.46% | 55.30% | -4.56% | -36.05% |
| 0 | 0 | 0 | 1 | 0 | 0 | -76 | 1 | 0 | 0 | 0 | -5 | 1 | |
| Interest | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Profit before Tax | -2 | 3 | 1 | -5 | -1 | 6 | -77 | -7 | 2 | 11 | 2 | -11 | -2 |
| Tax % | 10.56% | -6.91% | -13.10% | -11.02% | 28.12% | -3.15% | 0.27% | -270.98% | -8.55% | 5.46% | 24.42% | -30.30% | -1.74% |
| Net Profit | 0 | 0 | 0 | 0 | -0 | 7 | -76 | -27 | 2 | 11 | 1 | -14 | -2 |
| -0.34 | 0.62 | 0.35 | -1.08 | -0.10 | 1.38 | -16.08 | -5.68 | 0.35 | 2.22 | 0.27 | -2.90 | -0.38 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 115 | 60 | 35 | 30 | 31 | 43 | 37 | 30 | 33 | 46 | 42 | |
| 107 | 40 | 20 | 18 | 15 | 12 | 13 | 14 | 17 | 19 | 23 | |
| Operating Profit | 9 | 20 | 15 | 12 | 17 | 31 | 25 | 16 | 16 | 28 | 19 |
| OPM % | 7.57% | 33.41% | 44.09% | 41.38% | 53.30% | 71.24% | 66.21% | 54.07% | 49.17% | 59.49% | 45.08% |
| 38 | 2 | 4 | 2 | 2 | 3 | 5 | 2 | -74 | -4 | -4 | |
| Interest | 30 | 21 | 20 | 18 | 19 | 15 | 14 | 10 | 10 | 10 | 10 |
| Depreciation | 11 | 12 | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Profit before Tax | 5 | -10 | -12 | -14 | -10 | 8 | 5 | -2 | -78 | 4 | 1 |
| Tax % | 21.67% | -29.22% | 39.54% | 68.85% | 38.25% | -20.57% | 20.35% | 2.58% | -24.45% | 106.28% | 774.73% |
| Net Profit | 4 | -13 | -7 | -4 | -6 | 10 | 4 | -2 | -97 | -0 | -4 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -1.33 | 2.01 | 0.89 | -0.46 | -20.48 | -0.05 | — |
| Dividend Payout % | 51.11% | -20.41% | -42.62% | -78.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -11%
- 5 Years:
- 8%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -22%
- 5 Years:
- 9%
- 3 Years:
- -7%
- 1 Year:
- -26%
RETURN ON EQUITY
- 10 Years:
- -21%
- 5 Years:
- -36%
- 3 Years:
- -64%
- Last Year:
- -6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Minority Interest | -1 | -2 | -4 | -5 | -7 | -7 | -7 | -7 | -7 | -7 |
| 75 | 61 | 53 | 47 | 42 | 52 | 56 | 54 | -44 | -44 | |
| 160 | 162 | 162 | 160 | 164 | 160 | 158 | 149 | 141 | 132 | |
| Trade Payables | 31 | 21 | 14 | 15 | 16 | 16 | 16 | 15 | 14 | 14 |
| 87 | 71 | 76 | 75 | 71 | 71 | 69 | 80 | 34 | 37 | |
| Total Liabilities | 400 | 360 | 348 | 339 | 335 | 340 | 340 | 339 | 187 | 180 |
| 197 | 203 | 192 | 182 | 172 | 162 | 151 | 141 | 131 | 126 | |
| Capital Work in Progress | 47 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 4 | 0 |
| 26 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 0 | 0 | |
| 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40 | 8 | 4 | |
| Cash & Bank | 7 | 9 | 2 | 4 | 3 | 17 | 19 | 18 | 16 | 22 |
| 122 | 104 | 111 | 111 | 117 | 119 | 127 | 97 | 27 | 27 | |
| Total Assets | 400 | 360 | 348 | 339 | 335 | 340 | 340 | 339 | 187 | 180 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 18 | 16 | 18 | 15 | 28 | 19 | 10 | 22 | 26 | |
| Cash from Investing | -5 | 9 | -2 | -1 | -4 | -11 | -5 | -1 | -3 | 1 |
| Cash from Financing | -4 | -22 | -19 | -15 | -11 | -15 | -13 | -13 | -21 | -21 |
| -3 | 4 | -5 | 2 | -0 | 3 | 1 | -4 | -2 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-28 - Energy Development Company Limited has informed the Exchange that Record date for the purpose of Notice of 31st Annual General Meeting and Book Closure is 26-Sep-2026.
2026-08-10 - Energy Development Company Limited has informed the Exchange regarding Outcome of Board Meeting held on August 10, 2026.
2026-07-15 - Energy Development Company Limited has informed the Exchange regarding 'Certificate under Regulation 74(5) of theSEBI (Depositories and Participants) Regulations, 2018'.
2026-07-14 - The Exchange had sought clarification from Energy Development Company Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
2026-06-30 - Sarvottam Caps Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
2026-06-26 - Energy Development Company Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-05-28 - Energy Development Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
News
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