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1 Comment
Energy Development Company Limited is currently in a long term uptrend where the price is trading 28.4% above its 200 day moving average.
From a valuation standpoint, the stock is 67.0% cheaper than other stocks from the Utilities sector with a price to sales ratio of 1.5.
Energy Development Company Limited's total revenue rose by 12.5% to $124M since the same quarter in the previous year.
Its net income has increased by 178.6% to $21M since the same quarter in the previous year.
Finally, its free cash flow fell by 61.6% to $59M since the same quarter in the previous year.
Based on the above factors, Energy Development Company Limited gets an overall score of 4/5.
| Exchange | NSE |
|---|---|
| CurrencyCode | INR |
| ISIN | INE306C01019 |
| Sector | Utilities |
| Industry | Utilities - Regulated Electric |
| Market Cap | 1B |
|---|---|
| PE Ratio | None |
| Target Price | None |
| Beta | 0.62 |
| Dividend Yield | None |
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 offers 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.
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