Convergence Energy Services Limited focuses on energy solutions that involve renewable energy, electric mobility, and climate change. The organization aims to provide energy solutions for agricultural, lighting, and cooking needs in rural areas of India while promoting electric vehicles.

Convergence Energy Services Limited

BF Utilities Limited, together with its subsidiaries, primarily engages in the infrastructure business in India. It operates through Wind Mills and Infrastructure segments. The company develops the Bangalore Mysore Infrastructure Corridor Project, a 164 kilometers tolled expressway connecting Bengaluru and Mysuru; and operates a 30 kilometers bypass road connecting the twin cities of Hubli and Dharwad in North Karnataka. It also generates electricity through wind mills with an installed capacity of 38.789 GW. BF Utilities Limited was incorporated in 2000 and is based in Pune, India.

BF Utilities Limited

Convergent Energy and Power finances and manages on-site renewable energy development and operations, focusing on energy storage and solar systems to reduce electricity costs.

Convergent Energy and Power

Inox Wind Limited manufactures and sells wind turbine generators and components for independent power producers, utilities, public sector undertakings, and corporate and retail customers in India. It also provides a range of services, such as wind resource assessment, site acquisition to infrastructure development, erection and commissioning, and long-term operations and maintenance services for wind power projects. The company was incorporated in 2009 and is headquartered in Noida, India. Inox Wind Limited is a subsidiary of Inox Wind Energy Limited.

Inox Wind Limited

Convergence Energy Services Limited | 7,608 followers on LinkedIn. Smarter.Greener.Together | A 100% owned subsidiary of EESL India. We offer diverse energy interventions for grid balancing, managing cooling demand &amp; incentivising EVs &amp; battery storage

Taranpreet Kaur Minhas

Jatin Mittal

CEO Energy Efficiency Services Limited

Vishal Kapoor

trainee at Convergence Energy Services Limited

Kumud Ranjan

Exciting strides toward a #GreenerFuture ! CESL has signed a 5-year agreement with the Department of Revenue (DoR), Ministry of Finance, under its #EVasaService programme to deploy 15 #EVs , replacing DoR's 1st Gen E-Cars deployed by EESL in 2019. Vishal Kapoor Through 'EV as a Service', CESL is creating a unified platform to aggregate demand and deploy e-cars nationwide. Our EVs on lease approach are helping Govt departments to accelerate their transition to #ElectricMobility !

With a bold vision to transform #publictransport , the Government of India has launched the PM-eBus Sewa - Payment Security Mechanism (PSM) Scheme to deploy over 38,000 #electricbuses , ensuring timely payments and financial stability for operators. Ministry Of Heavy Industries #eBus #Sustainability The Scheme includes a Rs 3,435.33 crore outlay, providing payment security for up to 12 years for each bus deployed under the scheme. It mitigates risks of payment delays by Public Transport Authorities (PTAs) establishing a robust mechanism for recouping funds from state governments/ UTs. CESL will implement this scheme, leveraging a tech-driven platform to streamline operations for OEMs and operators, ensuring accessible payment security when needed. Together, we’re driving towards sustainable urban transport! #GreenTransport Vishal Kapoor Press Information Bureau - India Ministry of Information and Broadcasting

We swell with pride and gratitude when Hon'ble PM Narendra Modi unveils our solar-powered #EV carport at the Statue of Unity! This innovation harnesses 50 kWp solar PV and a 200-kWh battery storage system, advancing India's #CleanEnergy future. Funded by Asian Development Bank, this #carport boasts of more than just a charging station. With features like app-based monitoring and state of the art look, it sets a new standard for green #mobility at this iconic site. Equipped with 60 kW CCS II fast chargers, AC001, and Type II AC chargers, the carport redefines convenience—powering journeys with clean, renewable energy. Going beyond charging, the carport includes 24/7 CCTV, LCD screens, and seating for drivers' comfort. CESL’s solar EV carport is designed to enhance utility efficiency. Smarter, Greener, together! Ministry Of Heavy Industries | CMO Gujarat | NITI Aayog | Statue of Unity Official | Bhupendra Patel | All India Radio | Press Information Bureau - India Asian News International (ANI) | Press Trust of India (PTI) | DDNewsLive | Vishal Kapoor

India is poised to emerge as a key global hub for #ElectricVehicles . With investments in charging infrastructure, advancements in battery tech, we're paving the way for a #SustainableFuture . https://shorturl.at/GcSFD Amitabh Kant | NITI Aayog | Vishal Kapoor

Metros like #Chennai are enforcing clean mobility measures like never before. The city STU is on a drive to transform its public fleet to electric. This move will reduce reliance on fossil fuels, setting a new standard for green public transportation. Vishal Kapoor | METROPOLITAN TRANSPORT CORPORATION (CHENNAI) LIMITED https://lnkd.in/dQVHk-iT

Commendable step by Nagpur in embracing #sustainablemobility with the launch of 250 #electricbuses ! This initiative will enhance public transport efficiency while reducing air pollution, contributing to a cleaner, greener future for all. https://shorturl.at/u8D5p Vishal Kapoor

Rising #airpollution in Delhi-NCR demands urgent intervention, and schemes like #PMeDrive will be a pivotal step forward. By accelerating electric mobility, it will be a catalyst in preventing Indian cities from turning into gas chambers. Vishal Kapoor | Ministry Of Heavy Industries By promoting EVs, enhancing charging infrastructure, and reducing emissions, this initiative will be a game changer for cleaner air and sustainable urban living. #CleanAir #EVRevolution #SustainableCities #DelhiNCR #PMeDrive

India's #EV market is soaring high, thanks to the boost from the Centre via schemes like #PMEDRIVE . We are going to witness a transformative growth! CESL is dedicated to turning this momentum into action by expanding #Ebus fleet & E4W across the country. https://shorturl.at/9PRSM Vishal Kapoor

Be a driver of #sustainableChange ! We have initiated a campaign to provide green alternatives to women-led SHGs. The advent of #ecycles will transform last-mile transportation in India. Our bid process will close tomorrow, 18th October, 2024. Join the movement and submit your bids today. Ministry of Rural Development, GoI | Nara Chandrababu Naidu | Energy Management Centre Kerala | Government of Bihar | NITI Aayog

The #HumsafarPolicy marks a significant milestone for India’s EV ecosystem, expanding #charging infrastructure across National Highways. This initiative will not only boost #emobility on longer routes but also enhance the travel experience for commuters. https://shorturl.at/yvkbr Nitin Gadkari | Vishal Kapoor | Ministry of Road Transport & Highways - India

Metric
Company Name	Convergence Energy Services Limited	BF Utilities Limited	Convergent Energy and Power	Inox Wind Limited
Symbol		BFUTILITIE		INOXWIND
MSH ID	IN:CO:CONVERGENCE	COM:BFUTILITIES	COM:CONVERGENTEP	COM:INOXWIND
Market	PRIVATE	STOCKS	PRIVATE	STOCKS
Sector	Energy	Utilities	Energy	Industrials
Industry	Renewable Energy & Electric Mobility	Renewable Utilities	Renewable Energy	Industrial - Machinery
Country	IN	IN	US	IN
Stage				Post-IPO
Employee Count		7		831
Website	convergence.co.in	bfutilities.com	convergentep.com	inoxwind.com
LinkedIn	convergence-energy-services-limited		convergent-energy-power
Founders

Metric
Market Cap	369.99M	2.43B
Enterprise Value
Monthly Web Traffic		3.56K
Web Traffic Growth		-0.52
Valuation
Raised Capital		108.16M

Metric
Revenue	114.44M	205.81M
Revenue (LTM)
Revenue (NTM)
Gross Profit	87.13M	36.18M
EBITDA	70.82M	9.26M
Operating Income		-3.72M
Net Income	17.40M	-4.77M
EPS	0.46	-0.02
Diluted EPS	0.46	-0.02
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.87	0.26
Operating Profit Margin	0.53	0.04
EBITDA Margin	0.62	0.04
Net Profit Margin	0.17	0.04
Return on Equity	2.98	0.04
Return on Assets		0.01
Return on Capital Employed		0.03

CO

IN:CO:CONVERGENCE

Convergence Energy Services Limited

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	13.20	-29.09
P/B Ratio	-134.04	8.69
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	5.71	16.25
EV Multiple	9.14	204.13

Metric
Days Sales Outstanding	12.07	447.17
Days Payables Outstanding	-1.89M	248.37
Days Inventory Outstanding		340.67
Operating Cycle		578.72
Cash Conversion Cycle		413.14
Asset Turnover		0.30

Metric
Operating Cash Flow	68.85M	-49.25M
Free Cash Flow	40.14M	-137.88M
Cash Flow to Debt		0.07
Operating Cash Flow/Sales	0.17	0.16
Free Cash Flow Yield

Metric
Cash & Equivalents	5.93M	6.37M
Accounts Receivable	-236.72K	-56.59M
Inventory	28.91M	146.96M
Goodwill	749.80K	1.20M
Debt to Capitalization		0.66
Debt to Assets	0.60	0.43
Current Ratio	1.32	1.05
Quick Ratio		0.49

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue				0.00
SG&A to Revenue				0.05