EKI Energy Services Ltd
BSE:543284
EKI Energy Services Ltd
EKI Energy Services Ltd. provides energy, carbon and quality management services. The company is headquartered in Indore, Madhya Pradesh and currently employs 232 full-time employees. The company went IPO on 2021-04-07. The firm is engaged in the business of developing and supplying carbon credit. The firm is in the business of climate change and sustainability advisory and carbon offsetting, along with business services. The company operates through two segments: Trading & Other and Generation. In the Trading & Other segment, carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken. In the Generation segment, carbon credits are issued from the projects implemented, developed, and owned by the Company. Its services range across carbon footprints, CDP rating, climate change services, sustainability and ESG services, sustainable supply chain services, and green certification and resource efficiency services. The company caters for projects across a realm of services, including plastic waste management, green hydrogen and green ammonia, green mobility, and others.
EKI Energy Services Ltd. provides energy, carbon and quality management services. The company is headquartered in Indore, Madhya Pradesh and currently employs 232 full-time employees. The company went IPO on 2021-04-07. The firm is engaged in the business of developing and supplying carbon credit. The firm is in the business of climate change and sustainability advisory and carbon offsetting, along with business services. The company operates through two segments: Trading & Other and Generation. In the Trading & Other segment, carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken. In the Generation segment, carbon credits are issued from the projects implemented, developed, and owned by the Company. Its services range across carbon footprints, CDP rating, climate change services, sustainability and ESG services, sustainable supply chain services, and green certification and resource efficiency services. The company caters for projects across a realm of services, including plastic waste management, green hydrogen and green ammonia, green mobility, and others.
Revenue Stability: EKI's stand-alone revenue was INR 62.40 crores for the quarter, with management emphasizing stability despite a challenging global carbon market.
Profitability: The company reported a stand-alone profit of INR 4.69 crores (about 8% of revenue) and a consolidated net profit of INR 5.8 crores for the 9-month period.
Strong Liquidity: Liquidity remains robust, with INR 235.35 crores held at the group level and the company maintaining an almost debt-free status.
Dividend Declared: The Board announced an interim dividend of 20% of face value due to strong liquidity.
Business Model Resilience: Management downplayed concerns over regulatory changes in the U.S., stating minimal impact on global and Indian carbon markets.
Power Business Restructuring: Decline in consolidated revenue attributed to off-season in the power business, which is being consolidated into the main company and not shut down.
Growth in Advisory & Sustainability: The advisory and sustainability services segment is seeing growing demand, with EKI adding internal capacity and expecting further expansion.
Inventory Update: Inventory stands at approximately 7.5 million carbon credits valued at INR 75 crores, with credits fairly valued and actively traded.
