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IND Renewable Energy

536709 BSE
₹11.50 down 0.30 (2.54%)
Market Cap
₹16.00 Cr

IND Renewable Energy (INDRENEW) share price was ₹11.80 at the 28 Oct 2026 close; market capitalisation ₹16.42 Cr; sector Power. The share price fell 15.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was under ₹1 Cr in both quarters and net profit was −₹0.02 Cr, against −₹0.01 Cr a year earlier (compared with Jun 2025). Promoters held 0.07% of IND Renewable Energy in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 50/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹11.80 −2.15 −15.41% 1Y

Key Fundamentals

MicrocapPowerUtilities
Market Cap
₹16.00 Cr
EBITDA
−₹1.19 Cr
Return on Equity
0.17%
Return on Capital Employed
0.04%
Debt to Equity
0.02
Book Value
₹17.83
EPS (TTM)
−₹0.88
52W High
₹15.65
52W Low
₹9.72

Price-based figures as of 29 Oct 2026, 11:25 IST · EPS basis: Standalone · TTM

Peer Comparison

Utilities › Power › Power Generation

NTPC
₹306.9010.722,97,591 Cr1.462.98%14.21%9.22%1,98,997 Cr28,333 Cr
Adani Green
₹1,305.60114.732,15,055 Cr9.960.00%6.65%6.85%15,145 Cr2,249 Cr
JSW Energy
₹508.1545.7493,168 Cr2.540.43%8.23%7.51%19,914 Cr2,460 Cr
NHPC
₹75.6220.0175,961 Cr1.832.20%6.69%4.09%14,819 Cr4,267 Cr
NTPC Green Energy
₹83.59117.7370,436 Cr3.710.00%2.72%2.90%3,468 Cr605 Cr
NLC India
₹230.359.9531,941 Cr1.481.67%14.91%9.33%20,134 Cr3,366 Cr
ACME Solar Holdings
₹425.8045.2530,099 Cr3.830.05%9.84%7.11%2,895 Cr602 Cr
IND Renewable Energy (this company)
₹11.50—16 Cr0.640.00%0.17%0.04%0 Cr-1 Cr
Median 8 companies₹268.6345.2573,198 Cr2.190.24%7.46%6.98%14,982 Cr2,355 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

50 Average
Overall score

Data confidence 75/100

Category scores

Quality Poor 19
Returns, margins, earnings quality 24% weight
Valuation Good 62
Cheap vs sector & own history 26% weight
Financial Health Strong 84
Solvency, leverage, coverage 10% weight
Momentum Average 54
Trend strength, vol-adjusted 13% weight
Ownership Average 50
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

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-100%

change over 1 year

EBITDA Margin Change
-100%

change over 1 year

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-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–FY27.

Shareholding Pattern

Public88.38%Promot.0.07%Others11.55%As ofSep 2026

Documents

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 market capitalisation of IND Renewable Energy Ltd?
IND Renewable Energy Ltd has a market capitalisation of ₹16 Cr as of 29 Oct 2026, which places it in the Small Cap band.
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 29 Oct 2026.
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
Shares Outstanding 1,39,13,751

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