---
title: "Virescent Renewable Energy Trust (VIRESCENT) — Share Price, Financials & Analysis"
symbol: "VIRESCENT"
company: "Virescent Renewable Energy Trust"
canonical: "https://tapetide.com/stocks/VIRESCENT"
generated_at: "2026-10-13T11:00:04.444Z"
---

# Virescent Renewable Energy Trust (VIRESCENT)

Canonical page: https://tapetide.com/stocks/VIRESCENT

## Company

- **Stock Type:** EQUITY
- **Listed Since:** 2021-09-29
- **Face Value:** ₹100
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 711 to 81.3 days.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 2.18% over last 3 years.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 102% |
| revenue growth | 27% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | -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

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | -10 | -30 | 74 | 55 |
| Tax % | 0 | -23 | 4 | — |
| Net Profit | -10 | -23 | 71 | 52 |
| EPS in Rs | — | -1.16 | 3.54 | 2.63 |
| Dividend Payout % | 0 | -1354 | 78 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- |
| Equity Capital | 0 | 2010 | 2010 |
| Reserves | 12 | -763 | -1043 |
| Borrowings | 1470 | 1653 | 1770 |
| Other Liabilities | 117 | 127 | 171 |
| Total Liabilities | 1598 | 3027 | 2908 |
| Fixed Assets | 1255 | 2479 | 2464 |
| CWIP | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 344 | 547 | 444 |
| Total Assets | 1598 | 3027 | 2908 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 173 | 141 | 387 |
| Cash from Investing Activity | -14 | -1399 | -191 |
| Cash from Financing Activity | -28 | 1328 | -381 |
| Net Cash Flow | 131 | 70 | -185 |
| Free Cash Flow | 159 | -1221 | 196 |
| CFO/OP | 1312 | 56 | 98 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- |
| Debtor Days | 1841 | 212 | 81 |
| Cash Conversion Cycle | 1841 | 212 | 81 |
| Working Capital Days | -10698 | 116 | -13 |
| ROCE % | — | 6 | 8 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2023-09-04 | [Updates](https://nsearchives.nseindia.com/corporate/VIRESCENT_04092023142246_SEIntimationDelistingapproval.pdf) |
| 2023-08-29 | [Disclosure under SEBI (PIT) Reg 2015](https://nsearchives.nseindia.com/corporate/VIRESCENT_29082023123251_Disclosure2.pdf) |
| 2023-08-29 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/VIRESCENT_29082023123257_Disclosure1.pdf) |
| 2023-08-28 | [Updates](https://nsearchives.nseindia.com/corporate/VIRESCENT_28082023212012_SEIntimationFormC2808.pdf) |
| 2023-08-26 | [Updates](https://nsearchives.nseindia.com/corporate/VIRESCENT_26082023133655_SEIntimationRedemptionofNCDsd.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2023-10-10 | Credit rating update — CRISIL |
| 2023-10-04 | Credit rating update — India Ratings |
| 2023-05-23 | Credit rating update — India Ratings |
| 2023-05-23 | Credit rating update — CRISIL |
| 2023-03-24 | Credit rating update — CRISIL |
| 2023-03-23 | Credit rating update — India Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:04.444Z.