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Karma EnergyNSE:KARMAENG +2.04%64 Debt-to-EBITDA is -0.68 as of Mar. 2026. GuruFocus rates NSE:KARMAENG with a GF Score™ of 64/100 and a GF Value™ of ₹53.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 348 Utilities - Independent Power Producers companies, Karma Energy ranks better than 82.47% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Karma Energy's Debt-to-EBITDA or its related term are showing as below:
NSE:KARMAENG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -118.6 Med: 2.12 Max: 34.72
Current: 1.23
During the past 13 years, the highest Debt-to-EBITDA Ratio of Karma Energy was 34.72. The lowest was -118.60. And the median was 2.12.
NSE:KARMAENG's Debt-to-EBITDA is ranked better than 82.47% of 348
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.85
vs NSE:KARMAENG: 1.23
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Karma Energy Debt-to-EBITDA Related Terms
Karma Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Karma Energy's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Renewable subindustry, Karma Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Karma Energy Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Karma Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Karma Energy's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Karma Energy (NSE:KARMAENG) has a Debt-to-EBITDA of -0.68 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Karma Energy. According to the industry distribution chart, Karma Energy ranks #61 out of 348 companies in the Utilities - Independent Power Producers industry, placing it in the top 17.5%.
Is Karma Energy's Debt-to-EBITDA too high?
Karma Energy's current Debt-to-EBITDA is -0.68. Based on the distribution chart, Karma Energy ranks #61 out of 348 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Karma Energy has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karma Energy's Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Karma Energy ranks #61 out of 348 companies for Debt-to-EBITDA. This places Karma Energy in the top 18% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 4.85. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.85, based on 348 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Karma Energy. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karma Energy's current Debt-to-EBITDA is -0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karma Energy stock overvalued right now?
Based on GuruFocus' analysis, Karma Energy (NSE:KARMAENG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹53.23, compared to a current price of ₹40.52 — trading 23.9% below its estimated fair value. The current Debt-to-EBITDA is -0.68. Karma Energy's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Karma Energy (NSE:KARMAENG), the current Debt-to-EBITDA is -0.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Karma Energy (NSE:KARMAENG) Overvalued in 2026?
Based on GuruFocus' analysis, Karma Energy stock appears to be undervalued.
The current stock price of ₹40.52 is trading 23.9% below its estimated GF Value™ of ₹53.23.
GuruFocus considers Karma Energy to be Modestly Undervalued.
Key valuation signals for NSE:KARMAENG:
Debt-to-EBITDA: -0.68
GF Value™: ₹53.23 vs. price of ₹40.52 (23.9% below fair value)
No single metric tells the full story. See the NSE:KARMAENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karma Energy Ltd is an India-based company engaged in the generation of power from renewable energy sources. The company generates energy from wind power, hydropower, and solar power. It derives revenue from the sale of power.
64GF Score
Get the complete analysis for NSE:KARMAENG
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