IND Renewable Energy Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of IND Renewable Energy Ltd?

IND Renewable Energy Ltd is trading at 10.50 as of 14 April 2026, with a FY2026-2027 high of 16.7 and low of 9.72. The stock is currently near its 52-week low. Market cap stands at 14.6 Cr..

Q: Is IND Renewable Energy Ltd financially healthy?

Key indicators: ROCE of 0.23 % is on the lower side. Dividend yield is 0.00 %.

Q: Is IND Renewable Energy Ltd profitable and how is the profit trend?

IND Renewable Energy Ltd reported a net profit of 0 Cr in Mar 2025. Compared to 0 Cr in Mar 2022, the net profit shows a mixed trend.

Fair Value

₹0.71Overvalued by 93.24%vs CMP ₹10.50

P/E (15.0) × ROE (0.3%) × BV (₹18.70) × DY (2.00%)

Defaults: P/E=15

₹7.46Overvalued by 28.95%vs CMP ₹10.50

MoS: -40.8% (Negative)Confidence: 28/100 (Low)Models: 1 Under, 1 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹0.70	63%	Over (-93.3%)
Net Asset Value	Assets	₹18.73	38%	Under (+78.4%)
Consensus (2 models)		₹7.46	100%	Overvalued

Key Drivers: ROE 0.3% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.3% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

IND Renewable Energy Ltd scores 45/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health42/100 · Moderate

ROCE 0.2% WeakROE 0.3% WeakD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent

Smart Money50/100 · Moderate

Promoter holding at 0.1% Stable

Earnings Quality50/100 · Moderate

OPM stable around 0% Steady

Quarterly Momentum50/100 · Moderate

Industry Rank30/100 · Weak

ROCE 0.2% vs industry 9.0% Below peersROE 0.3% vs industry 11.7% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:49 am

Market Cap	14.6 Cr.
Current Price	10.5
Intrinsic Value	₹7.46
High / Low	16.7/9.72
Stock P/E
Book Value	18.7
Dividend Yield	0.00 %
ROCE	0.23 %
ROE	0.31 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for IND Renewable Energy Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Muzali Arts Ltd	5.80 Cr.	0.98	/		2.03	0.00 %	8.46 %	8.74 %	1.00
IND Renewable Energy Ltd	14.6 Cr.	10.5	16.7/9.72		18.7	0.00 %	0.23 %	0.31 %	10.0
GMR Power & Urban Infra Ltd	7,681 Cr.	98.4	141/89.0		19.7	0.00 %	13.2 %	%	5.00
Gita Renewable Energy Ltd	31.9 Cr.	77.6	138/60.1		31.5	0.00 %	2.93 %	2.93 %	10.0
SJVN Ltd	26,432 Cr.	67.3	108/63.0	41.8	37.1	2.17 %	4.91 %	5.81 %	10.0
Industry Average	60,447.10 Cr	156.80		41.94	94.05	0.95%	8.95%	11.73%	7.77

All Competitor Stocks of IND Renewable Energy Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.02	0.01	0.02	0.01	0.03	0.01	0.31	0.05	0.05	0.01	0.06	0.01	0.15
Operating Profit	-0.02	-0.01	-0.02	-0.01	-0.03	-0.01	-0.31	-0.05	-0.05	-0.01	-0.06	-0.01	-0.15
OPM %
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.06	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00
Depreciation	0.00	0.00	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	-0.02	-0.01	-0.02	-0.01	-0.03	-0.01	-0.30	-0.05	-0.05	-0.02	0.00	-0.01	-0.15
Tax %	0.00%	0.00%	-300.00%	0.00%	0.00%	0.00%	-13.33%	0.00%	0.00%	0.00%		0.00%	0.00%
Net Profit	-0.02	-0.01	0.03	-0.01	-0.03	-0.01	-0.26	-0.05	-0.05	-0.02	0.00	-0.01	-0.15
EPS in Rs	-0.01	-0.01	0.02	-0.01	-0.02	-0.01	-0.19	-0.04	-0.04	-0.01	0.00	-0.01	-0.11

Last Updated: March 3, 2026, 9:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:30 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.00	0.00	0.04	0.09	0.09	0.09	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.05	0.14	0.25	0.20	0.22	0.26	0.20	0.09	0.15	0.06	0.37	0.12	0.23
Operating Profit	-0.05	-0.14	-0.25	-0.16	-0.13	-0.17	-0.11	-0.09	-0.15	-0.06	-0.37	-0.12	-0.23
OPM %				-400.00%	-144.44%	-188.89%	-122.22%
Other Income	-0.18	0.24	0.74	0.37	0.32	0.58	-0.08	0.00	0.06	0.00	0.38	0.06	0.06
Interest	0.01	0.00	0.01	0.07	0.02	0.03	0.03	0.00	0.00	0.00	0.00	0.01	0.01
Depreciation	0.06	0.06	0.06	0.07	0.08	0.05	0.05	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.30	0.04	0.42	0.07	0.09	0.33	-0.27	-0.09	-0.09	-0.06	0.01	-0.07	-0.18
Tax %	0.00%	0.00%	19.05%	14.29%	11.11%	15.15%	3.70%	0.00%	0.00%	-100.00%	-400.00%	14.29%
Net Profit	-0.30	0.04	0.35	0.06	0.07	0.28	-0.29	-0.09	-0.09	0.00	0.05	-0.08	-0.18
EPS in Rs	-0.20	0.03	0.23	0.04	0.05	0.19	-0.19	-0.06	-0.06	0.00	0.04	-0.06	-0.13
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2024-2025
YoY Net Profit Growth (%)	113.33%	775.00%	-82.86%	16.67%	300.00%	-203.57%	68.97%	0.00%	100.00%	-260.00%
Change in YoY Net Profit Growth (%)	0.00%	661.67%	-857.86%	99.52%	283.33%	-503.57%	272.54%	-68.97%	100.00%	-360.00%

IND Renewable Energy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	4%
5 Years:	10%
3 Years:	4%
TTM:	89%

Stock Price CAGR
10 Years:	-1%
5 Years:	11%
3 Years:	16%
1 Year:	4%

Return on Equity
10 Years:	-2%
5 Years:	0%
3 Years:	0%
Last Year:	0%

Last Updated: September 5, 2025, 3:46 pm

Balance Sheet

Last Updated: July 25, 2025, 1:03 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.03	3.03	3.03	3.03	3.03	3.03	3.03	3.03	3.03	3.03	13.93	13.93
Reserves	-0.27	-0.23	0.12	0.18	0.26	0.63	0.34	0.25	0.17	0.17	12.20	12.12
Borrowings	0.03	0.00	0.59	0.36	0.38	0.37	0.06	0.02	0.13	0.18	0.41	0.47
Other Liabilities	0.00	0.00	0.08	0.01	0.00	0.04	0.06	0.00	0.01	0.01	0.20	0.20
Total Liabilities	2.79	2.80	3.82	3.58	3.67	4.07	3.49	3.30	3.34	3.39	26.74	26.72
Fixed Assets	0.24	0.18	0.12	0.61	0.53	0.48	0.00	0.00	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	0.00
Investments	2.54	2.43	3.13	2.59	2.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.01	0.19	0.57	0.38	0.36	3.59	3.49	3.30	3.34	3.39	26.74	26.72
Total Assets	2.79	2.80	3.82	3.58	3.67	4.07	3.49	3.30	3.34	3.39	26.74	26.72

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-0.04	-0.20	-0.74	0.01	-0.21	-3.27	0.02	0.04	-0.10	-0.05	-23.08	-0.06
Cash from Investing Activity +	0.03	0.35	0.04	0.34	0.14	3.36	0.27	0.00	0.00	0.00	-0.41	0.00
Cash from Financing Activity +	0.02	-0.03	0.58	-0.29	0.00	-0.04	-0.33	-0.04	0.11	0.04	23.50	0.06
Net Cash Flow	0.01	0.12	-0.12	0.06	-0.07	0.04	-0.04	-0.01	0.01	0.00	0.00	0.00
Free Cash Flow	-0.04	-0.20	-0.74	-0.55	-0.21	-3.27	0.37	0.04	-0.10	-0.05	-23.08	-0.06
CFO/OP	80%	143%	296%	-6%	162%	1,924%	-18%	-44%	67%	183%	6,238%	58%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-0.08	-0.14	-0.84	-0.52	-0.51	-0.54	-0.17	-0.11	-0.28	-0.24	-0.78	-0.59

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
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				-3,285.00	-1,297.78	12,247.78	13,423.89
ROCE %	-2.39%	-5.72%	-8.26%	-5.47%	-4.97%	-1.82%	-4.29%	-2.67%	-2.71%	-1.79%	0.07%	-0.23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	14.36%	14.36%	14.36%	14.36%	38.59%	0.72%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
Public	85.63%	85.63%	85.64%	85.63%	61.40%	99.28%	99.93%	99.93%	99.93%	99.93%	99.93%	99.93%
No. of Shareholders	4,456	4,662	4,555	5,317	5,675	13,109	16,126	18,912	18,774	19,912	18,912	19,912

Shareholding Pattern Chart

No. of Shareholders

IND Renewable Energy Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-0.05	0.10	0.00	-0.29	-0.30
Diluted EPS (Rs.)	-0.05	0.10	0.00	-0.29	-0.30
Cash EPS (Rs.)	-0.05	0.03	0.00	-0.28	-0.30
Book Value[Excl.RevalReserv]/Share (Rs.)	18.70	18.76	10.55	10.55	10.83
Book Value[Incl.RevalReserv]/Share (Rs.)	18.70	18.76	10.55	10.55	10.83
PBDIT / Share (Rs.)	-0.04	0.01	-0.18	-0.28	-0.30
PBIT / Share (Rs.)	-0.04	0.01	-0.18	-0.28	-0.30
PBT / Share (Rs.)	-0.05	0.01	-0.19	-0.28	-0.30
Net Profit / Share (Rs.)	-0.05	0.03	0.00	-0.28	-0.30
Return on Networth / Equity (%)	-0.30	0.17	0.01	-2.71	-2.77
Return on Capital Employeed (%)	-0.24	0.03	-1.76	-2.69	-2.77
Return On Assets (%)	-0.29	0.16	0.01	-2.59	-2.75
Long Term Debt / Equity (X)	0.01	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.01	0.01	0.05	0.04	0.01
Current Ratio (X)	0.02	43.76	17.62	22.58	132.98
Quick Ratio (X)	0.02	43.76	17.62	22.58	132.98
Interest Coverage Ratio (X)	-9.25	20.80	-37.53	-122.71	-2983.22
Interest Coverage Ratio (Post Tax) (X)	-10.52	91.80	1.33	-122.71	-2983.22
Enterprise Value (Cr.)	14.44	29.13	3.90	3.57	3.35
EV / EBITDA (X)	-226.26	2801.16	-69.29	-41.53	-36.79
Price / BV (X)	0.53	1.10	1.17	1.08	1.02
EarningsYield	-0.01	0.00	0.00	-0.02	-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ind Renewable Energy Ltd. is a Public Limited Listed company incorporated on 09/09/2011 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L40102MH2011PLC221715 and registration number is 221715. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 13.93 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Power - Generation/Distribution	503, Western Edge II, Western Express Highway, Mumbai Maharashtra 400066	Contact not found

Management
Name	Position Held
Mr. Anupam Narain Gupta	Managing Director
Mr. Abhay Narain Gupta	Director
Ms. Neelam	Woman Director
Mr. Nikhil Kumar Shah	Independent Director
Mr. Mehul Manubhai Shah	Independent Director

FAQ

What is the intrinsic value of IND Renewable Energy Ltd and is it undervalued?

As of 14 April 2026, IND Renewable Energy Ltd's intrinsic value is ₹7.46, which is 28.95% lower than the current market price of ₹10.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.31 %), book value (₹18.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of IND Renewable Energy Ltd?

IND Renewable Energy Ltd is trading at ₹10.50 as of 14 April 2026, with a FY2026-2027 high of ₹16.7 and low of ₹9.72. The stock is currently near its 52-week low. Market cap stands at ₹14.6 Cr..

How does IND Renewable Energy Ltd's P/E ratio compare to its industry?

IND Renewable Energy Ltd has a P/E ratio of , which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is IND Renewable Energy Ltd financially healthy?

Key indicators for IND Renewable Energy Ltd: ROCE of 0.23 % is on the lower side compared to the industry average of 8.95%; ROE of 0.31 % is below ideal levels (industry average: 11.73%). Dividend yield is 0.00 %.

Is IND Renewable Energy Ltd profitable and how is the profit trend?

IND Renewable Energy Ltd reported a net profit of ₹0 Cr in Mar 2025. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does IND Renewable Energy Ltd pay dividends?

IND Renewable Energy Ltd has a dividend yield of 0.00 % at the current price of ₹10.50. The company is currently not paying meaningful dividends.