This Company’s Stock had risen over 7,587 percent from Rs. 40.51 in April of 2021 to make an all-time high of Rs. 3,114 in January of 2022. Giving a significant return to their investors. If an investor had put Rs. 1 lakh into the stock, that Rs. 1 Lakh would have turned to Rs. 75,87,000 in just 10 months.
However, after the problematic revelations, the stock has been in a constant decline since January of 2022, Falling 96.66 percent from its all-time High of Rs. 3,114 to Rs. 104. If an investor had put Rs. 1 lakh into the stock at its peak, that Rs. 1 Lakh would have turned to just Rs. 3,340
With a market cap of Rs. 286 Crores, the stock of EKI Energy Services is trading at Rs. 104 and in the past 1 year has given -68.30 percent return, and the past 5-year return for the stock stands at 156 percent, even after the massive decline.
Founded in 2008 and based in Indore, EKI Energy Services Limited (also known as EnKing International) is an Indian company specializing in climate change advisory and carbon credit trading
EKI helps businesses and governments reduce their carbon footprint by developing and managing carbon offset projects. The company operates globally, offering services like carbon asset management, sustainability consulting, and renewable energy project development.
Also read: Fundamentally strong stock skyrockets 17% after it partners with Shree Cement
Reasons for the Fall in Stock
The company had experienced disagreements with its Auditors about concerns related to how it recognized revenue from Carbon Credit Sales, and also the valuation of carbon credits the company held as inventory.
Other Factors, like correction in global carbon credit prices, which directly impacted the company’s margins and growth. Additionally, regulatory uncertainties around carbon trading and stricter verification norms created doubts about the pace of future business for the Company.
Financial Highlights & Shareholding Pattern
The company reported a 77.42 percent YoY decrease in revenue from Rs. 77.88 Crore in Q4FY24 to Rs. 17.58 Crore in Q4FY25. On a QoQ basis, the company reported a decrease of 73.94 percent in revenue from Rs. 67.46 Crore in the previous quarter.
Their Net loss saw a decrease on a YoY basis from a loss of 29.11 Crore to a loss of 6.64 Crore. However, on a QoQ basis, the Net Profit of Rs. 1.54 Crore turned into a Net loss of 6.64 Crore.
Despite the revelations, Retailers have increased their Shareholding in the Company from 26.43 percent holding in the March quarter of 2024 to 33.86 percent holding in the March quarter of 2025. However, promoters have reduced their shareholding from 73.43 percent to 66.08 percent for the same period.
Currently, FIIs and DIIs hold a negligible position in the Stock. However, in the March quarter of 2023, FIIs held 4.69 percent and DIIs held 4.34 percent of the Company.
Written By Abhishek Das
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