IND Renewable Energy
INDRENEWABLEENERGYLTD NSE
IND Renewable Energy
PowerNSE: INDRENEWABLEENERGYLTD BSE: 536709 Power Generation
Key Fundamentals
MicrocapPower GenerationPowerMarket Cap
₹19.95 Cr
Volatility
Moderate
P/E Ratio
-17
EBITDA
₹-1.19 Cr
Return on Equity
0.17%
Debt to Equity
0.02
Book Value
₹17.83
EPS
₹0.03
52W High
₹16.47
52W Low
₹9.72
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.81 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%
Growth Rate
Revenue Growth
-100%
Net Income Growth
—
ROE
750% higher than
3Y
ROCE
-102% lower than
3Y
EBITDA Margin (Avg.)
-100%
Quarterly Results
| 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 in Rs | -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
| 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 in Rs | 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
| 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
| 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 | 12,248 | 13,424 | — | — | — | — | — | — |
| 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
55 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
3 Mar - Medi Assist TPA paid INR 4.83 Crore after GST search (Feb 16–Mar 2, 2026) to avoid penalties. 3 Mar - Medi Assist TPA paid INR 4.83 Crore after GST search (Feb 16–Mar 2, 2026) to avoid penalties.
2
Board Meeting Outcome for Appointment Of Directors
2 Mar - Board appointed Ashish Agrawal and Sanjeev Sharma as Additional Directors effective 2 March 2026. 2 Mar - Board appointed Ashish Agrawal and Sanjeev Sharma as Additional Directors effective 2 March 2026.
3
Press Release
27 Feb - Medi Assist partners with LawtonAsia to deploy AI health-insurance platform in Thailand; implementation started, go‑live expected in coming weeks. 27 Feb - Medi Assist partners with LawtonAsia to deploy AI health-insurance platform in Thailand; implementation started, go‑live expected in coming weeks.
4
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
26 Feb - Allotment of equity shares pursuant to exercise of ESOP 26 Feb - Allotment of equity shares pursuant to exercise of ESOP
5
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
25 Feb - Shareholders approved reappointments of Vikram Chhatwal, Satish Gidugu, Ritu Anand; remuneration approvals effective March 2026. 25 Feb - Shareholders approved reappointments of Vikram Chhatwal, Satish Gidugu, Ritu Anand; remuneration approvals effective March 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 (536709) listed?
IND Renewable Energy Ltd trades as INDRENEWABLEENERGYLTD on the NSE and 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 market capitalisation of IND Renewable Energy Ltd?
IND Renewable Energy Ltd has a market capitalisation of ₹19.95 Cr, which places it in the Small Cap band.
What is the PE ratio of IND Renewable Energy Ltd?
IND Renewable Energy Ltd trades at a PE ratio of -17.00, on earnings per share of ₹0.03, against a book value of ₹17.83 per share.
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 ₹16.47.
What is the Return on Equity (ROE) of IND Renewable Energy Ltd?
IND Renewable Energy Ltd reported a return on equity of 0.17%. 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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