WEBSITE BSE:536709 NSE: INDRENEW Inc. Year: 2011 Industry: Engineering - Construction My Bucket: Add Stock
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Ind Renewable Energy Ltd. is an Indian publicly listed company incorporated on 9 September 2011 (originally known as Vakharia Power Infrastructure Ltd.) and is headquartered in Mumbai, Maharashtra. Its shares trade on the Bombay Stock Exchange (BSE: 536709). The company primarily operates in the power sector with a focus on renewable energy, particularly solar power generation and rooftop solar projects, and has been exploring opportunities in conventional and non‑conventional power initiatives. It has commissioned small‑scale solar p...Read More
Ind Renewable Energy Ltd. is an Indian publicly listed company incorporated on 9 September 2011 (originally known as Vakharia Power Infrastructure Ltd.) and is headquartered in Mumbai, Maharashtra. Its shares trade on the Bombay Stock Exchange (BSE: 536709). The company primarily operates in the power sector with a focus on renewable energy, particularly solar power generation and rooftop solar projects, and has been exploring opportunities in conventional and non‑conventional power initiatives. It has commissioned small‑scale solar plants such as rooftop installations and aims to capitalise on the growing clean energy market, although its operating revenue has been minimal or negligible in recent years as reported in filings. Ind Renewable Energy’s market capitalization is modest, typical of a small‑cap stock, and recent financial results have shown limited revenue with small profits or losses, reflecting its niche scale and early‑stage positioning in the broader renewable energy landscape. ...Read Less
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Market Cap ₹16 Cr.
Stock P/E 347.8
P/B 0.6
Current Price ₹11.3
Book Value ₹ 18.7
Face Value 10
52W High ₹16.7
Dividend Yield 0%
52W Low ₹ 9.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Profit After Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
| Adjusted Earnings Per Share | -0 | -0.1 | -0 | -0.6 | -0 | -0 | -0 | 0 | -0 | -0.1 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 |
| Profit After Tax | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | -0.8 | 0.1 | 0.9 | 0.2 | 0.2 | 0.7 | -0.8 | -0.2 | -0.2 | 0 | 0 | -0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -4% | 11% | 7% | -3% |
| ROE Average | 0% | -1% | -3% | 0% |
| ROCE Average | 0% | -1% | -3% | 1% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 26 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Total Current Liabilities | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Liabilities | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 27 |
| Fixed Assets | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 27 |
| Total Assets | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 27 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -0 | -1 | 0 | -0 | -3 | 0 | 0 | -0 | -0 | -23 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | -0 |
| Cash Flow from Financing Activities | 0 | -0 | 1 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 23 |
| Net Cash Inflow / Outflow | 0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.81 | 0.1 | 0.93 | 0.16 | 0.2 | 0.75 | -0.76 | -0.24 | -0.23 | 0 | 0.03 |
| CEPS(Rs) | -0.65 | 0.27 | 1.09 | 0.35 | 0.42 | 0.89 | -0.63 | -0.24 | -0.23 | 0 | 0.03 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 7.35 | 7.31 | 8.27 | 8.56 | 8.75 | 9.75 | 8.98 | 8.74 | 8.51 | 8.51 | 18.76 |
| Core EBITDA Margin(%) | 0 | 0 | 0 | -364.76 | -155.56 | -185.67 | -225.21 | 0 | 0 | 0 | 0 |
| EBIT Margin(%) | 0 | 0 | 0 | 322.92 | 116.43 | 388.2 | -284.08 | 0 | 0 | 0 | 0 |
| Pre Tax Margin(%) | 0 | 0 | 0 | 171.5 | 94.53 | 357.61 | -317.19 | 0 | 0 | 0 | 0 |
| PAT Margin (%) | 0 | 0 | 0 | 140.94 | 82.81 | 303.43 | -332.35 | 0 | 0 | 0 | 0 |
| Cash Profit Margin (%) | 0 | 0 | 0 | 300.77 | 176.36 | 359.77 | -273.34 | 0 | 0 | 0 | 0 |
| ROA(%) | -10.33 | 1.41 | 10.53 | 1.65 | 2.02 | 7.24 | -7.58 | -2.68 | -2.61 | 0.01 | 0.3 |
| ROE(%) | -10.41 | 1.43 | 11.92 | 1.93 | 2.26 | 8.07 | -8.13 | -2.74 | -2.68 | 0.02 | 0.31 |
| ROCE(%) | -10.08 | 1.46 | 13.39 | 3.85 | 2.85 | 9.32 | -6.55 | -2.7 | -2.59 | -1.68 | 0.07 |
| Receivable days | 0 | 0 | 0 | 78.82 | 36.81 | 37.05 | 65.62 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 150 | 16.94 | 101.74 | 50.12 | 21.78 | 0 | 0 | 0 | 7101.04 | 632.82 |
| Price/Book(x) | 2.14 | 2.15 | 1.9 | 1.93 | 1.12 | 1.67 | 0.62 | 1.02 | 1.08 | 1.17 | 1.1 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0 | 0 | 0 | 150.14 | 45.76 | 69.57 | 24.83 | 0 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | -25.11 | 56.91 | 13.23 | 31.1 | 21.79 | 15.65 | -11.03 | -36.83 | -41.53 | -69.29 | 2801.16 |
| Net Sales Growth(%) | 0 | 0 | 0 | 0 | 104.74 | 4.16 | -6.82 | -100 | 0 | 0 | 0 |
| EBIT Growth(%) | -1714.8 | 113.71 | 966.08 | -67.57 | -26.18 | 247.26 | -168.19 | 62.79 | 5.5 | 34.46 | 118.47 |
| PAT Growth(%) | -1861.31 | 112.99 | 784.9 | -82.49 | 20.29 | 281.65 | -202.06 | 68.16 | 4.84 | 100.58 | 8980 |
| EPS Growth(%) | -1861.31 | 112.99 | 785.37 | -82.49 | 20.3 | 281.65 | -202.06 | 68.16 | 4.84 | 100.61 | 2228.57 |
| Debt/Equity(x) | 0.01 | 0 | 0.19 | 0.11 | 0.12 | 0.1 | 0.02 | 0.01 | 0.04 | 0.05 | 0.02 |
| Current Ratio(x) | 73.44 | 1082.22 | 5.47 | 7.22 | 7.37 | 8.59 | 48.63 | 137.65 | 22.57 | 17.62 | 43.76 |
| Quick Ratio(x) | 73.44 | 1082.22 | 5.47 | 7.22 | 7.37 | 8.59 | 48.63 | 137.65 | 22.57 | 17.62 | 43.76 |
| Interest Cover(x) | -36.14 | 38.58 | 57.38 | 2.13 | 5.31 | 12.69 | -8.58 | -909 | -122.71 | -37.53 | 20.8 |
| Total Debt/Mcap(x) | 0.01 | 0 | 0.1 | 0.06 | 0.1 | 0.06 | 0.03 | 0.01 | 0.04 | 0.05 | 0.01 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 14.36 | 14.36 | 38.59 | 0.72 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 85.64 | 85.64 | 61.41 | 99.28 | 99.93 | 99.93 | 99.93 | 99.93 | 99.93 | 99.93 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.04 | 0.04 | 0.54 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.26 | 0.26 | 0.86 | 1.38 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.3 | 0.3 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 |
* The pros and cons are machine generated.
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