IND Renewable Energy Ltd

IND Renewable Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IND Renewable Energy Ltd

₹ 13.5 4.97%
21 Feb - close price
vakharia.in BSE: 536709
About

Incorporated in 2011, Ind Renewable Energy Ltd is in the business of generation of Solar power including Roof top Solar

Key Points

Scheme of Arrangement:[1]
Company is holding investments and other assets and liabilities of investment business undertaking transferred to it under Scheme of Arrangement between Everlon Synthetics Limited and Vakharia Power Infrastructure Limited and their respective share holders.

Website BSE
  • Market Cap ₹ 18.8 Cr.
  • Current Price ₹ 13.5
  • High / Low ₹ 22.1 / 11.0
  • Stock P/E 628
  • Book Value ₹ 18.7
  • Dividend Yield 0.00 %
  • ROCE 0.07 %
  • ROE 0.34 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.72 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 0.07%
  • Company has a low return on equity of -0.19% over last 3 years.
  • Promoter holding has decreased over last 3 years: -20.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Power Generation & Distribution Industry: Power Generation And Supply

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.10 0.02 0.02 0.01 0.02 0.01 0.02 0.01 0.03 0.02 0.31 0.05 0.01
Operating Profit -0.10 -0.02 -0.02 -0.01 -0.02 -0.01 -0.02 -0.01 -0.03 -0.02 -0.31 -0.05 -0.01
OPM %
0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.01 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.04 -0.02 -0.02 -0.01 -0.02 -0.01 -0.02 -0.01 -0.03 0.35 -0.30 -0.05 -0.01
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -300.00% 0.00% 0.00% 0.00% -13.33% 0.00% 0.00%
-0.04 -0.02 -0.02 -0.01 -0.02 -0.01 0.03 -0.01 -0.03 0.35 -0.26 -0.05 -0.01
EPS in Rs -0.03 -0.01 -0.01 -0.01 -0.01 -0.01 0.02 -0.01 -0.02 0.23 -0.19 -0.04 -0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.00 0.00 0.00 0.00 0.04 0.09 0.09 0.09 0.00 0.00 0.00 0.00 0.00
0.08 0.05 0.14 0.25 0.20 0.22 0.26 0.20 0.09 0.15 0.06 0.37 0.39
Operating Profit -0.08 -0.05 -0.14 -0.25 -0.16 -0.13 -0.17 -0.11 -0.09 -0.15 -0.06 -0.37 -0.39
OPM % -400.00% -144.44% -188.89% -122.22%
0.10 -0.18 0.24 0.74 0.37 0.32 0.58 -0.08 0.00 0.06 0.00 0.38 0.38
Interest 0.00 0.01 0.00 0.01 0.07 0.02 0.03 0.03 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.06 0.06 0.06 0.07 0.08 0.05 0.05 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.02 -0.30 0.04 0.42 0.07 0.09 0.33 -0.27 -0.09 -0.09 -0.06 0.01 -0.01
Tax % 0.00% 0.00% 0.00% 19.05% 14.29% 11.11% 15.15% 3.70% 0.00% 0.00% -100.00% -400.00%
0.02 -0.30 0.04 0.35 0.06 0.07 0.28 -0.29 -0.09 -0.09 0.00 0.05 0.03
EPS in Rs 0.01 -0.20 0.03 0.23 0.04 0.05 0.19 -0.19 -0.06 -0.06 0.00 0.04 -0.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 10%
5 Years: 20%
3 Years: 37%
TTM: 250%
Stock Price CAGR
10 Years: -1%
5 Years: 16%
3 Years: 20%
1 Year: -35%
Return on Equity
10 Years: -3%
5 Years: -1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 13.93 13.93
Reserves 0.04 -0.27 -0.23 0.12 0.18 0.26 0.63 0.34 0.25 0.17 0.17 12.20 12.14
0.00 0.03 0.00 0.59 0.36 0.38 0.37 0.06 0.02 0.13 0.18 0.41 0.43
0.00 0.00 0.00 0.08 0.01 0.00 0.04 0.06 0.00 0.01 0.01 0.20 0.24
Total Liabilities 3.07 2.79 2.80 3.82 3.58 3.67 4.07 3.49 3.30 3.34 3.39 26.74 26.74
0.30 0.24 0.18 0.12 0.61 0.53 0.48 0.00 0.00 0.00 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.75 2.54 2.43 3.13 2.59 2.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.02 0.01 0.19 0.57 0.38 0.36 3.59 3.49 3.30 3.34 3.39 26.74 26.74
Total Assets 3.07 2.79 2.80 3.82 3.58 3.67 4.07 3.49 3.30 3.34 3.39 26.74 26.74

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.06 -0.04 -0.20 -0.74 0.01 -0.21 -3.27 0.02 0.04 -0.10 -0.05 -23.08
-2.65 0.03 0.35 0.04 0.34 0.14 3.36 0.27 0.00 0.00 0.00 -0.41
2.71 0.02 -0.03 0.58 -0.29 0.00 -0.04 -0.33 -0.04 0.11 0.04 23.50
Net Cash Flow 0.00 0.01 0.12 -0.12 0.06 -0.07 0.04 -0.04 -0.01 0.01 0.00 0.00

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 91.25 40.56 40.56 81.11
Inventory Days
Days Payable
Cash Conversion Cycle 91.25 40.56 40.56 81.11
Working Capital Days 0.00 243.33 13,748.33 13,667.22
ROCE % -2.39% -5.72% -8.26% -5.47% -4.97% -1.82% -4.29% -2.67% -2.71% -1.79% 0.07%

Shareholding Pattern

Numbers in percentages

14 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
14.36% 14.36% 14.36% 14.36% 14.36% 14.36% 14.36% 14.36% 38.59% 0.72% 0.07% 0.07%
85.64% 85.64% 85.64% 85.64% 85.63% 85.63% 85.64% 85.63% 61.40% 99.28% 99.93% 99.93%
No. of Shareholders 4,0234,2744,3154,4134,4564,6624,5555,3175,67513,10916,12618,912

Documents

Announcements

Annual reports