About
Ind Renewable Energy Limited engages in the generation and sale of solar power in India. It also invests in shares, stocks, bonds, debentures, and other securities of various listed companies. The company was formerly known as Vakharia Power Infrastructure Limited and changed its name to Ind Renewable Energy Limited. Ind Renewable Energy Limited was incorporated in 2011 and is based in Mumbai, India.
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.05 | 0.00 | 0.15 | 0.01 | 0.06 | 0.01 | 0.05 | 0.05 | 0.31 | 0.01 | 0.03 | 0.01 |
| Operating Profit | -0.02 | -1.05 | 0.00 | -0.15 | -0.01 | -0.06 | -0.01 | -0.05 | -0.05 | -0.31 | -0.01 | -0.03 | -0.01 |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 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 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.02 | -1.05 | 0.00 | -0.15 | -0.01 | 0.00 | -0.02 | -0.05 | -0.05 | -0.30 | -0.01 | -0.03 | -0.01 |
| Tax % | 0.00 | 0.00 | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | -13.33 | 0.00 | 0.00 | 0.00 |
| Net Profit | -0.02 | -1.05 | -0.01 | -0.15 | -0.01 | 0.00 | -0.02 | -0.05 | -0.05 | -0.26 | -0.01 | -0.03 | -0.01 |
| EPS in Rs | -0.01 | -0.75 | -0.01 | -0.11 | -0.01 | 0.00 | -0.01 | -0.04 | -0.04 | -0.19 | -0.01 | -0.02 | -0.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.09 | 0.09 | 0.04 | 0.00 | 0.00 |
| Expenses | 1.19 | 0.12 | 0.37 | 0.06 | 0.15 | 0.09 | 0.20 | 0.26 | 0.22 | 0.20 | 0.25 | 0.14 |
| Operating Profit | -1.19 | -0.12 | -0.37 | -0.06 | -0.15 | -0.09 | -0.11 | -0.17 | -0.13 | -0.16 | -0.25 | -0.14 |
| OPM % | — | — | — | — | — | — | -122.22 | -188.89 | -144.44 | -400.00 | — | — |
| Other Income | 0.00 | 0.06 | 0.38 | 0.00 | 0.06 | 0.00 | -0.08 | 0.58 | 0.32 | 0.37 | 0.74 | 0.24 |
| Interest | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.02 | 0.07 | 0.01 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.05 | 0.08 | 0.07 | 0.06 | 0.06 |
| Profit before tax | -1.20 | -0.07 | 0.01 | -0.06 | -0.09 | -0.09 | -0.27 | 0.33 | 0.09 | 0.07 | 0.42 | 0.04 |
| Tax % | 0.83 | 14.29 | -400.00 | -100.00 | 0.00 | 0.00 | 3.70 | 15.15 | 11.11 | 14.29 | 19.05 | 0.00 |
| Net Profit | -1.21 | -0.08 | 0.05 | 0.00 | -0.09 | -0.09 | -0.29 | 0.28 | 0.07 | 0.06 | 0.35 | 0.04 |
| EPS in Rs | -0.87 | -0.06 | 0.04 | 0.00 | -0.06 | -0.06 | -0.19 | 0.19 | 0.05 | 0.04 | 0.23 | 0.03 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.93 | 13.93 | 13.93 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 |
| Reserves | 10.91 | 12.12 | 12.20 | 0.17 | 0.17 | 0.25 | 0.34 | 0.63 | 0.26 | 0.18 | 0.12 | -0.23 |
| Borrowings | 0.60 | 0.47 | 0.41 | 0.18 | 0.13 | 0.02 | 0.06 | 0.37 | 0.38 | 0.36 | 0.59 | 0.00 |
| Other Liabilities | 1.39 | 0.20 | 0.20 | 0.01 | 0.01 | 0.00 | 0.06 | 0.04 | 0.00 | 0.01 | 0.08 | 0.00 |
| Total Liabilities | 26.83 | 26.72 | 26.74 | 3.39 | 3.34 | 3.30 | 3.49 | 4.07 | 3.67 | 3.58 | 3.82 | 2.80 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.48 | 0.53 | 0.61 | 0.12 | 0.18 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.78 | 2.59 | 3.13 | 2.43 |
| Other Assets | 26.83 | 26.72 | 26.74 | 3.39 | 3.34 | 3.30 | 3.49 | 3.59 | 0.36 | 0.38 | 0.57 | 0.19 |
| Total Assets | 26.83 | 26.72 | 26.74 | 3.39 | 3.34 | 3.30 | 3.49 | 4.07 | 3.67 | 3.58 | 3.82 | 2.80 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.13 | -0.06 | -23.08 | -0.05 | -0.10 | 0.04 | 0.02 | -3.27 | -0.21 | 0.01 | -0.74 | -0.20 |
| Cash from Investing Activity | 0.00 | 0.00 | -0.41 | 0.00 | 0.00 | 0.00 | 0.27 | 3.36 | 0.14 | 0.34 | 0.04 | 0.35 |
| Cash from Financing Activity | 0.13 | 0.06 | 23.50 | 0.04 | 0.11 | -0.04 | -0.33 | -0.04 | 0.00 | -0.29 | 0.58 | -0.03 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | -0.01 | -0.04 | 0.04 | -0.07 | 0.06 | -0.12 | 0.12 |
| Free Cash Flow | -0.13 | -0.06 | -23.08 | -0.05 | -0.10 | 0.04 | 0.37 | -3.27 | -0.21 | -0.55 | -0.74 | -0.20 |
| CFO/OP % | 11.00 | 50.00 | 6,238.00 | 183.00 | 67.00 | -44.00 | -18.00 | 1,924.00 | 162.00 | -6.00 | 296.00 | 143.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | — | — | — | — | 81.11 | 40.56 | 40.56 | 91.25 | — | — |
| Cash Conversion Cycle | — | — | — | — | — | — | 81.11 | 40.56 | 40.56 | 91.25 | — | — |
| Working Capital Days | — | — | — | — | — | — | 13,423.89 | 12,247.78 | -1,297.78 | -3,285.00 | — | — |
| ROCE % | -4.58 | -0.23 | 0.07 | -1.79 | -2.71 | -2.67 | -4.29 | -1.82 | -4.97 | -5.47 | -8.26 | -5.72 |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 08 Jan 2024 | 08 Jan 2024 | — | — | Right Issue of Equity Shares |
| Other | 29 Sep 2017 | 03 Oct 2017 | — | — | Consolidation of Shares |