V
Virescent Renewable Energy Trust
VIRESCENT
Virescent Renewable Energy Trust
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY21–FY23.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Debtor days have improved from 711 to 81.3 days.
Weaknesses
2- Company has low interest coverage ratio.
- Company has a low return on equity of 2.18% over last 3 years.
Growth Rate
Revenue Growth
27.00% →
Net Income Growth
102.00% →
Cash Flow Change
-
ROE
6.00% ↗
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Results
| Mar 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 63 | 82 | 120 | 149 | 111 | 130 | 131 | 150 |
| Expenses | 8 | 42 | 26 | 27 | 18 | 23 | 25 | 46 | 23 |
| Operating Profit | 13 | 22 | 56 | 92 | 131 | 89 | 105 | 85 | 128 |
| OPM % | 62% | 34% | 68% | 77% | 88% | 80% | 81% | 65% | 85% |
| Other Income | 0 | 3 | 1 | 4 | 2 | 2 | 3 | 8 | 5 |
| Interest | 16 | 46 | 38 | 22 | 32 | 35 | 36 | 44 | 35 |
| Depreciation | 7 | 29 | 35 | 40 | 49 | 50 | 50 | 54 | 66 |
| PBT | -10 | -50 | -16 | 34 | 51 | 6 | 22 | -5 | 32 |
| Tax % | 0% | 0% | -21% | -11% | 0% | 36% | 7% | -9% | -1% |
| Net Profit | -10 | -50 | -13 | 38 | 51 | 4 | 21 | -5 | 32 |
| EPS in Rs | — | -2.51 | -0.63 | 1.9 | 2.54 | 0.19 | 1.05 | -0.23 | 1.62 |
Profit & Loss
| Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|
| Sales | 21 | 356 | 522 | 523 |
| Expenses | 8 | 103 | 112 | 117 |
| Operating Profit | 13 | 254 | 410 | 407 |
| OPM % | 63% | 71% | 79% | 78% |
| Other Income | 0 | 11 | 15 | 18 |
| Interest | 16 | 158 | 148 | 151 |
| Depreciation | 7 | 137 | 202 | 219 |
| PBT | -10 | -30 | 74 | 55 |
| Tax % | 0% | -23% | 4% | — |
| Net Profit | -10 | -23 | 71 | 52 |
| EPS in Rs | — | -1.16 | 3.54 | 2.63 |
| Div. Payout % | 0% | -1354% | 78% | — |
Balance Sheet
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Equity Capital | 0 | 2,010 | 2,010 |
| Reserves | 12 | -763 | -1,043 |
| Borrowings | 1,470 | 1,653 | 1,770 |
| Other Liabilities | 117 | 127 | 171 |
| Total Liabilities | 1,598 | 3,027 | 2,908 |
| Fixed Assets | 1,255 | 2,479 | 2,464 |
| CWIP | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 344 | 547 | 444 |
| Total Assets | 1,598 | 3,027 | 2,908 |
Cash Flow
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Operating | 173 | 141 | 387 |
| Investing | -14 | -1,399 | -191 |
| Financing | -28 | 1,328 | -381 |
| Net Cash Flow | 131 | 70 | -185 |
| Free Cash Flow | 159 | -1,221 | 196 |
| CFO/OP | 1,312 | 56 | 98 |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 1,841 | 212 | 81 |
| Cash Conversion Cycle | 1,841 | 212 | 81 |
| Working Capital Days | -10,698 | 116 | -13 |
| ROCE % | — | 6% | 8% |
Documents
1
Updates
26 Aug 2023 - Virescent Renewable Energy Trust redeemed all senior secured listed NCDs on August 25, 2023. 26 Aug 2023 - Virescent Renewable Energy Trust redeemed all senior secured listed NCDs on August 25, 2023.
2
Updates
28 Aug 2023 - Terra Asia Holding II sold Virescent Renewable Energy Trust units (sale dated 25 Aug); disclosure received 28 Aug 2023. 28 Aug 2023 - Terra Asia Holding II sold Virescent Renewable Energy Trust units (sale dated 25 Aug); disclosure received 28 Aug 2023.
3
Disclosure under SEBI (PIT) Reg 2015
29 Aug 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 7(2) read with regulation 6(2) of SEBI (Prohibition … 29 Aug 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 7(2) read with regulation 6(2) of SEBI (Prohibition …
4
Disclosure under SEBI Takeover Regulations
29 Aug 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and … 29 Aug 2023 - Terra Asia Holdings II Pte. Ltd. has Submitted to the Exchange a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and …
5
Updates
4 Sep 2023 - SEBI approved delisting of units of Virescent Renewable Energy Trust; notice dated September 4, 2023. 4 Sep 2023 - SEBI approved delisting of units of Virescent Renewable Energy Trust; notice dated September 4, 2023.
Frequently Asked Questions about Virescent Renewable Energy Trust
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Company Information
Listed 2021-09-29
Face Value ₹ 100