IND Renewable Energy Ltd

IND Renewable Energy Ltd

₹ 13.5 4.99%
24 Mar - close price
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.

  • Market Cap 4.08 Cr.
  • Current Price 13.5
  • High / Low 16.1 / 9.38
  • Stock P/E
  • Book Value 10.5
  • Dividend Yield 0.00 %
  • ROCE -2.71 %
  • ROE -2.78 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 14.4%
  • Company has a low return on equity of -3.87% over last 3 years.

* 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.04 0.13 0.00 0.05 0.01 0.03 0.01 0.10 0.02 0.02 0.01 0.02 0.01
Operating Profit -0.02 -0.11 0.00 -0.05 -0.01 -0.03 -0.01 -0.10 -0.02 -0.02 -0.01 -0.02 -0.01
OPM % -100.00% -550.00%
0.00 -0.20 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.00 0.00 0.00 0.00
Interest 0.01 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 0.01 0.03 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 -0.34 0.00 -0.05 -0.01 -0.03 -0.01 -0.04 -0.02 -0.02 -0.01 -0.02 -0.01
Tax % -25.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.05 -0.34 0.00 -0.05 -0.01 -0.03 -0.01 -0.04 -0.02 -0.02 -0.01 -0.02 -0.01
EPS in Rs -0.17 -1.12 0.00 -0.17 -0.03 -0.10 -0.03 -0.13 -0.07 -0.07 -0.03 -0.07 -0.03
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 TTM
0.00 0.00 0.00 0.00 0.04 0.09 0.09 0.09 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
Operating Profit -0.08 -0.05 -0.14 -0.25 -0.16 -0.13 -0.17 -0.11 -0.09 -0.15 -0.06
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
Interest 0.00 0.01 0.00 0.01 0.07 0.02 0.03 0.03 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
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
Tax % 0.00% 0.00% 0.00% 19.05% 14.29% 11.11% 15.15% -3.70% 0.00% 0.00%
Net Profit 0.02 -0.30 0.04 0.35 0.06 0.07 0.28 -0.29 -0.09 -0.09 -0.06
EPS in Rs 0.07 -1.00 0.13 1.17 0.20 0.23 0.92 -0.96 -0.30 -0.30 -0.20
Dividend Payout % 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: %
5 Years: 11%
3 Years: 3%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 27%
1 Year: 44%
Return on Equity
10 Years: %
5 Years: -4%
3 Years: -4%
Last Year: -3%

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 Sep 2022
3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03 3.03
Reserves 0.04 -0.27 -0.23 0.12 0.18 0.26 0.63 0.34 0.25 0.17 0.14
0.00 0.03 0.00 0.59 0.36 0.38 0.37 0.06 0.02 0.13 0.15
0.00 0.00 0.00 0.08 0.01 0.00 0.04 0.06 0.00 0.01 0.01
Total Liabilities 3.07 2.79 2.80 3.82 3.58 3.67 4.07 3.49 3.30 3.34 3.33
0.30 0.24 0.18 0.12 0.61 0.53 0.48 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
Investments 2.75 2.54 2.43 3.13 2.59 2.78 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 3.33
Total Assets 3.07 2.79 2.80 3.82 3.58 3.67 4.07 3.49 3.30 3.34 3.33

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
-0.06 -0.04 -0.20 -0.74 0.01 -0.21 -3.27 0.02 0.04 -0.10
-2.65 0.03 0.35 0.04 0.34 0.14 3.36 0.27 0.00 0.00
2.71 0.02 -0.03 0.58 -0.29 0.00 -0.04 -0.33 -0.04 0.11
Net Cash Flow 0.00 0.01 0.12 -0.12 0.06 -0.07 0.04 -0.04 -0.01 0.01

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
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%

Shareholding Pattern

Numbers in percentages

7 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
6.19 6.19 1.07 15.43 15.43 15.43 15.43 20.41 14.36 14.36 14.36 14.36
93.81 93.81 98.93 84.57 84.57 84.57 84.57 79.59 85.64 85.64 85.64 85.64

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