World’s premier carbon offset developer ‘EKI Energy Services Ltd’ (brand name ‘EnKing International’) is amongst the leading companies in the carbon credit industry with an established global footprint.
A recent analysis by EQ iSearch indicates that the company is on a tremendous growth path. EnKing International has reported great performance across all business verticals during FY 2020-21.
The company is listed at Bombay Stock Exchange (BSE) India (BSE Script Code: 543284).
The share value has recorded a rise of about 15 times since its listing on the bourse in April, 2021. EKI shares were trading around Rs. 1500 per share at the end of July, 2021. On the listing day, the stock opened at Rs 140 per share, a premium of about 40% against the issue price of Rs 102 per share.
The rise in share prices was following the profitability of the company which recorded a rise by four times to Rs 18.70 crore during the year 2020-21. The market capitalization of EnKing International has crossed the marks of Rs 1,000 crore.
On the revenue front, EnKing International reported a growth of 189 per cent and the Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by more than four times to Rs 25 crore.
Headquartered in Indore city of Madhya Pradesh (India), EKI Energy has over 2000 clients with an impressive presence in more than 40 countries. Some of the major domestic and international clients of the company include Indore Municipal Corporation, NHPC (Hydro), IOCL (ISO & ESA), NTPC, Azure Power, World Bank Group, IMF, IBRD, Pacific Light and many more.
The company’s services bouquet consists of Green House Gases (GHG) Projects including carbon footprint determination, registration, verification & validation of energy efficient projects Sustainability Reporting, ESG profiling, Renewable Energy Attributes and others. Green House Gases including carbon dioxide, methane, nitrous oxide, perfluorocarbons etc. absorb heat in the atmosphere that warms the surface of the planet.
EnKing International has a major market share in India as per analysis by EQ iSearch. Also, in the international market, the company has a significant market share into voluntary markets from Renewable Energy & Energy Efficiency Projects. Majorly, these projects contribute to the demand for carbon credits globally.
