IND Renewable Energy Ltd

About

Ind Renewable Energy (Formerly known Vakharia Power Infrastructure ) is engaged in the business of Roof Top Solar Plant.(Source : 201903 Annual Report Page No:48)

  • Market Cap 2.74 Cr.
  • Current Price 9.06
  • High / Low 16.0 / 5.94
  • Stock P/E
  • Book Value 11.1
  • Dividend Yield 0.00 %
  • ROCE -6.43 %
  • ROE -8.25 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is virtually debt free.
  • Stock is trading at 0.81 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased by -5.12% over last quarter
  • Promoter holding is low: 1.07%
  • Company has a low return on equity of -5.86% for last 3 years.
  • Debtor days have increased from 54.07 to 81.11 days.
  • Company's cost of borrowing seems high
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
0.01 0.03 0.02 0.03 0.02 0.03 0.03 0.03 0.02 0.02 0.02 0.00
0.04 0.07 0.06 0.06 0.06 0.06 0.09 0.05 0.05 0.04 0.13 0.00
Operating Profit -0.03 -0.04 -0.04 -0.03 -0.04 -0.03 -0.06 -0.02 -0.03 -0.02 -0.11 0.00
OPM % -300.00% -133.33% -200.00% -100.00% -200.00% -100.00% -200.00% -66.67% -150.00% -100.00% -550.00%
Other Income 0.08 0.10 0.10 0.01 0.01 0.44 0.12 0.10 0.10 0.00 -0.20 0.00
Interest 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00
Depreciation 0.02 0.02 0.02 0.01 0.01 0.01 0.04 0.01 0.01 0.01 0.03 0.00
Profit before tax 0.02 0.04 0.04 -0.04 -0.05 0.39 0.01 0.06 0.05 -0.04 -0.34 0.00
Tax % 0.00% 0.00% 25.00% 0.00% 0.00% 0.00% 500.00% 0.00% 0.00% -25.00% 0.00%
Net Profit 0.01 0.04 0.03 -0.03 -0.04 0.39 -0.04 0.06 0.05 -0.05 -0.34 0.00
EPS in Rs 0.03 0.13 0.10 -0.10 -0.13 1.29 -0.13 0.20 0.17 -0.17 -1.12 0.00
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0.00 0.00 0.00 0.00 0.04 0.09 0.09 0.09 0.06
0.08 0.12 0.14 0.25 0.20 0.22 0.26 0.28 0.22
Operating Profit -0.08 -0.12 -0.14 -0.25 -0.16 -0.13 -0.17 -0.19 -0.16
OPM % -400.00% -144.44% -188.89% -211.11% -266.67%
Other Income 0.10 -0.11 0.24 0.74 0.37 0.32 0.58 0.00 -0.10
Interest 0.00 0.01 0.00 0.01 0.07 0.02 0.03 0.03 0.02
Depreciation 0.00 0.06 0.06 0.06 0.07 0.08 0.05 0.05 0.05
Profit before tax 0.02 -0.30 0.04 0.42 0.07 0.09 0.33 -0.27 -0.33
Tax % 0.00% 0.00% 0.00% 19.05% 14.29% 11.11% 15.15% -3.70%
Net Profit 0.02 -0.30 0.04 0.35 0.06 0.07 0.28 -0.29 -0.34
EPS in Rs 0.07 -1.00 0.13 1.17 0.20 0.23 0.92 -0.96 -1.12
Dividend Payout % 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:31%
TTM:-45%
Compounded Profit Growth
10 Years:%
5 Years:-28%
3 Years:-3%
TTM:-192%
Stock Price CAGR
10 Years:%
5 Years:-11%
3 Years:-23%
1 Year:-38%
Return on Equity
10 Years:%
5 Years:-7%
3 Years:-6%
Last Year:-8%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
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
Borrowings 0.00 0.03 0.00 0.59 0.36 0.38 0.37 0.06
0.00 0.00 0.00 0.08 0.01 0.00 0.04 0.05
Total Liabilities 3.07 2.79 2.80 3.82 3.58 3.67 4.07 3.48
0.30 0.24 0.18 0.12 0.61 0.53 0.48 0.00
CWIP 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
0.02 0.01 0.19 0.57 0.38 0.36 3.59 3.48
Total Assets 3.07 2.79 2.80 3.82 3.58 3.67 4.07 3.48

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0.06 -0.04 -0.20 -0.74 0.01 -0.21 -3.27 0.02
-2.65 0.03 0.35 0.04 0.34 0.14 3.36 0.27
2.71 0.02 -0.03 0.58 -0.29 0.00 -0.04 -0.33
Net Cash Flow 0.00 0.01 0.12 -0.12 0.06 -0.07 0.04 -0.04

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -2.39% -5.72% -8.26% -5.47% -4.97% -1.82% -6.43%
Debtor Days 91.25 40.56 40.56 81.11
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
49.80 42.32 46.93 46.96 6.19 6.19 6.19 6.19 6.19 6.19 6.19 1.07
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
50.20 57.68 53.07 53.04 93.81 93.81 93.81 93.81 93.80 93.81 93.81 98.93

Documents