Karamtara Engineering KARAMTARA
Solar Module Manufacturing (ALMM): India's largest integrated maker of solar mounting structures and tracker components, plus transmission towers and line hardware (listed Sep 2026)
Mapped in 3 themes: Solar Module Manufacturing (ALMM), Energy Generation and Power Transmission & Grid.
Where Karamtara Engineering sits in the supply chain
Karamtara Engineering appears in 3 supply-chain layers across 3 themes: Solar Module Manufacturing (ALMM), Energy Generation and Power Transmission & Grid.
Solar Module Manufacturing (ALMM) › Mounting, Trackers & BOS Cabling
Direct supplierIndia's largest integrated maker of solar mounting structures and tracker components, plus transmission towers and line hardware (listed Sep 2026)
Other companies in this layer
Energy Generation › Solar Equipment & EPC
Direct supplierSolar mounting structures and tracker components, plus transmission towers and line hardware (listed Sep 2026)
Other companies in this layer
Power Transmission & Grid › Conductors & line hardware
Direct supplierMaker of transmission-line hardware, fasteners and tower parts, and of solar mounting structures (also in the energy and solar sectors)
Other companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,245 | 1,600 | 2,425 | 3,158 | 4,312 |
| Net profit | 13 | 42 | 103 | 139 | 229 |
Latest-year revenue ₹4,312 Cr (FY26, company-wide).
Strengths · in Solar Module Manufacturing (ALMM)
- Solar mounting structures and tracker components were ~79% of FY26 revenue - the only scaled, listed pure play on this layer
- Integrated steel fabrication and galvanising lets it supply utility-scale EPCs and tracker brands at volume
Risks · in Solar Module Manufacturing (ALMM)
- Listed Sep 2026 - very short public track record
- Revenue depends on utility-scale solar build-outs and steel prices, and plants are concentrated in Maharashtra
- Export customers add trade-policy exposure
Common questions
What does Karamtara Engineering do?
In Solar Module Manufacturing (ALMM): India's largest integrated maker of solar mounting structures and tracker components, plus transmission towers and line hardware (listed Sep 2026). NextResearch maps it in 3 supply chains: Solar Module Manufacturing (ALMM), Energy Generation and Power Transmission & Grid.
Where does Karamtara Engineering sit in the supply chain?
Karamtara Engineering (NSE: KARAMTARA) is mapped in 3 supply-chain layers: Mounting, Trackers & BOS Cabling (Solar Module Manufacturing (ALMM)); Solar Equipment & EPC (Energy Generation); and Conductors & line hardware (Power Transmission & Grid).
Who are Karamtara Engineering's peers?
In the Mounting, Trackers & BOS Cabling layer of Solar Module Manufacturing (ALMM): Zetwerk Manufacturing Businesses and Apar Industries.
What is Karamtara Engineering's market cap and valuation?
As of 6 Nov 2026: market cap ₹12,081 Cr, P/E 47.4x, ROCE 23.4%, ROE 20.8%, dividend yield 0%.