IND Renewable Energy
Power
536709 BSE
₹12.83
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹12.83 −1.75 −12.0% 1Y
Start ₹14.58
Key Fundamentals
MicrocapPowerUtilitiesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- −4.58%
- Debt to Equity
- 0.02
- EPS (TTM)
- −₹0.88
- Book Value
- ₹17.83
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.72
- ROE
- −4.76%
- Dividend Yield
- 0.00%
- EBITDA
- −₹1.19 Cr
- 52W High
- ₹15.65
- 52W Low
- ₹9.72
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
51 Average
Data confidence 75/100
Category scores
- Quality
- 19
- Poor
- Returns, margins, earnings quality 24% weight
- Valuation
- 62
- Good
- Cheap vs sector & own history 26% weight
- Financial Health
- 85
- Strong
- Solvency, leverage, coverage 10% weight
- Momentum
- 76
- Strong
- Trend strength, vol-adjusted 13% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 26% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.79 times its book value
Weaknesses
4- Company has low interest coverage ratio.
- Promoter holding is low: 0.07%
- Company has a low return on equity of -1.87% over last 3 years.
- Promoter holding has decreased over last 3 years: -14.3%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 7 | 4 | 8 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Neutral | 5 | 0 | 5 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Bullish
Bearish
7
Neutral
4
Bullish
8
Moving Averages
Neutral
Bearish
5
Neutral
0
Bullish
5
Key readings
- RSI (14)
- 51.34
- Neutral
- MACD (12,26,9)
- −0.50
- Bullish
- SMA (50)
- 13.79
- Bearish
- SMA (200)
- 12.29
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | Zero base |
|---|---|
| 5Y | Zero base |
| 3Y | Zero base |
| 1Y | Zero base |
| TTM | Zero base |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Loss widened by ₹1.12 Cr |
| 3Y | Turned to loss |
| 1Y | Loss widened by ₹1.13 Cr |
| TTM | Loss widened by ₹1.15 Cr |
Operating cash flow
| 10Y | Outflow narrowed by ₹0.61 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow widened by ₹0.08 Cr |
| 1Y | Outflow widened by ₹0.07 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | No sales |
|---|---|
| 5Y | No sales |
| 3Y | No sales |
| 1Y | No sales |
| TTM | No sales |
Revenue by year
| Mar 2017 | ₹0.04 Cr |
|---|---|
| Mar 2018 | ₹0.09 Cr |
| Mar 2019 | ₹0.09 Cr |
| Mar 2020 | ₹0.09 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹0.00 Cr |
| Mar 2023 | ₹0.00 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | ₹0.00 Cr |
| Mar 2026 | ₹0.00 Cr |
Net profit by year
| Mar 2017 | ₹0.06 Cr |
|---|---|
| Mar 2018 | ₹0.07 Cr |
| Mar 2019 | ₹0.28 Cr |
| Mar 2020 | −₹0.29 Cr |
| Mar 2021 | −₹0.09 Cr |
| Mar 2022 | −₹0.09 Cr |
| Mar 2023 | ₹0.00 Cr |
| Mar 2024 | ₹0.05 Cr |
| Mar 2025 | −₹0.08 Cr |
| Mar 2026 | −₹1.21 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0.03 | 0.01 | 0.31 | 0.05 | 0.05 | 0.01 | 0.06 | 0.01 | 0.15 | 0 | 1.05 | 0.02 |
| Operating Profit | −0.01 | −0.03 | −0.01 | −0.31 | −0.05 | −0.05 | −0.01 | −0.06 | −0.01 | −0.15 | 0 | −1.05 | −0.02 |
| Other Income | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0.06 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −0.01 | −0.03 | −0.01 | −0.3 | −0.05 | −0.05 | −0.02 | 0 | −0.01 | −0.15 | 0 | −1.05 | −0.02 |
| Tax % | 0% | 0% | 0% | −13.33% | 0% | 0% | 0% | — | 0% | 0% | — | 0% | 0% |
| Net Profit | −0.01 | −0.03 | −0.01 | −0.26 | −0.05 | −0.05 | −0.02 | 0 | −0.01 | −0.15 | −0.01 | −1.05 | −0.02 |
| EPS (₹) | −0.01 | −0.02 | −0.01 | −0.19 | −0.04 | −0.04 | −0.01 | 0 | −0.01 | −0.11 | −0.01 | −0.75 | −0.01 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0.04 | 0.09 | 0.09 | 0.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.14 | 0.25 | 0.2 | 0.22 | 0.26 | 0.2 | 0.09 | 0.15 | 0.06 | 0.37 | 0.12 | 1.19 | 1.22 |
| Operating Profit | −0.14 | −0.25 | −0.16 | −0.13 | −0.17 | −0.11 | −0.09 | −0.15 | −0.06 | −0.37 | −0.12 | −1.19 | −1.22 |
| OPM % | — | — | −400% | −144.44% | −188.89% | −122.22% | — | — | — | — | — | — | — |
| Other Income | 0.24 | 0.74 | 0.37 | 0.32 | 0.58 | −0.08 | 0 | 0.06 | 0 | 0.38 | 0.06 | 0 | 0 |
| Interest | 0 | 0.01 | 0.07 | 0.02 | 0.03 | 0.03 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 |
| Depreciation | 0.06 | 0.06 | 0.07 | 0.08 | 0.05 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.04 | 0.42 | 0.07 | 0.09 | 0.33 | −0.27 | −0.09 | −0.09 | −0.06 | 0.01 | −0.07 | −1.2 | −1.22 |
| Tax % | 0% | 19.05% | 14.29% | 11.11% | 15.15% | 3.7% | 0% | 0% | −100% | −400% | 14.29% | 0.83% | — |
| Net Profit | 0.04 | 0.35 | 0.06 | 0.07 | 0.28 | −0.29 | −0.09 | −0.09 | 0 | 0.05 | −0.08 | −1.21 | −1.23 |
| EPS (₹) | 0.03 | 0.23 | 0.04 | 0.05 | 0.19 | −0.19 | −0.06 | −0.06 | 0 | 0.04 | −0.06 | −0.87 | −0.88 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 13.93 | 13.93 | 13.93 |
| Reserves | −0.23 | 0.12 | 0.18 | 0.26 | 0.63 | 0.34 | 0.25 | 0.17 | 0.17 | 12.2 | 12.12 | 10.91 |
| Borrowings | 0 | 0.59 | 0.36 | 0.38 | 0.37 | 0.06 | 0.02 | 0.13 | 0.18 | 0.41 | 0.47 | 0.6 |
| Other Liabilities | 0 | 0.08 | 0.01 | 0 | 0.04 | 0.06 | 0 | 0.01 | 0.01 | 0.2 | 0.2 | 1.39 |
| Total Liabilities | 2.8 | 3.82 | 3.58 | 3.67 | 4.07 | 3.49 | 3.3 | 3.34 | 3.39 | 26.74 | 26.72 | 26.83 |
| Fixed Assets | 0.18 | 0.12 | 0.61 | 0.53 | 0.48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.43 | 3.13 | 2.59 | 2.78 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.19 | 0.57 | 0.38 | 0.36 | 3.59 | 3.49 | 3.3 | 3.34 | 3.39 | 26.74 | 26.72 | 26.83 |
| Total Assets | 2.8 | 3.82 | 3.58 | 3.67 | 4.07 | 3.49 | 3.3 | 3.34 | 3.39 | 26.74 | 26.72 | 26.83 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −0.2 | −0.74 | 0.01 | −0.21 | −3.27 | 0.02 | 0.04 | −0.1 | −0.05 | −23.08 | −0.06 | −0.13 |
| Investing | 0.35 | 0.04 | 0.34 | 0.14 | 3.36 | 0.27 | 0 | 0 | 0 | −0.41 | 0 | 0 |
| Financing | −0.03 | 0.58 | −0.29 | 0 | −0.04 | −0.33 | −0.04 | 0.11 | 0.04 | 23.5 | 0.06 | 0.13 |
| Net Cash Flow | 0.12 | −0.12 | 0.06 | −0.07 | 0.04 | −0.04 | −0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Free Cash Flow | −0.2 | −0.74 | −0.55 | −0.21 | −3.27 | 0.37 | 0.04 | −0.1 | −0.05 | −23.08 | −0.06 | −0.13 |
| CFO/OP | 143 | 296 | −6 | 162 | 1,924 | −18 | −44 | 67 | 183 | 6,238 | 50 | 11 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | 91.25 | 40.56 | 40.56 | 81.11 | — | — | — | — | — | — |
| Cash Conversion Cycle | — | — | 91.25 | 40.56 | 40.56 | 81.11 | — | — | — | — | — | — |
| Working Capital Days | — | — | −3,285 | −1,298 | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | — | — | — | — | — | — |
| ROCE % | −5.72% | −8.26% | −5.47% | −4.97% | −1.82% | −4.29% | −2.67% | −2.71% | −1.79% | 0.07% | −0.23% | −4.58% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view IND Renewable Energy insights
54 extracted metrics across FY12–FY27.
Documents
- 13 Aug 2025
- General announcements 16 Jul 2026
Frequently Asked Questions about IND Renewable Energy
What does IND Renewable Energy Ltd do?
Incorporated in 2011, Ind Renewable Energy Ltd is in the business of generation of Solar power including Roof top Solar
Where is IND Renewable Energy Ltd (INDRENEW) listed?
IND Renewable Energy Ltd trades under code 536709 on the BSE.
Which sector does IND Renewable Energy Ltd belong to?
IND Renewable Energy Ltd is classified under the Power sector, in the Power Generation industry.
What is the 52-week high and low of IND Renewable Energy Ltd?
Over the last 52 weeks IND Renewable Energy Ltd has traded between ₹9.72 and ₹15.65 as of 4 Nov 2026.
What is the Return on Equity (ROE) of IND Renewable Energy Ltd?
IND Renewable Energy Ltd reported a return on equity of -4.76%. Its debt-to-equity ratio is 0.02.
Company Information
Incorporated in 2011, Ind Renewable Energy Ltd is in the business of generation of Solar power including Roof top Solar
Website vakharia.in
Face Value ₹10
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