IND Renewable Energy Ltd

BSE: INDRENEW · Power Generation

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Snapshot

Unlock IND Renewable Energy Ltd's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

IND Renewable Energy Limited is an Indian company focused on the renewable energy sector, specifically solar power generation and infrastructure. The firm has transitioned from its historical trading operations to concentrate on the installation, operation, and maintenance of solar power plants.

Business Model

The company generates revenue through the sale of electricity produced by its solar assets and by providing consultancy services for renewable energy projects. It also explores commercial opportunities in the trading of solar components.

Management Commentary

The company has undergone significant restructuring to pivot its business model toward the green energy transition in alignment with India's growing demand for sustainable power.

Growth Outlook

Growth is expected to be driven by the expansion of solar infrastructure and the company's strategic focus on the Indian renewable energy market.

Key Risks

  • Regulatory Risk. Changes in government policies, subsidies, or tariffs related to renewable energy could adversely impact the company's profitability.
  • Operational Risk. The performance of solar power plants is subject to technical failures and the inherent variability of solar irradiance.
  • Market Competition. The renewable energy sector in India is highly competitive, which may pressure margins for consultancy and power generation services.
  • Execution Risk. As a small-cap entity, the company faces challenges in scaling operations and managing capital-intensive infrastructure projects effectively.

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Peers · Power Generation

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
IND Renewable Energy LtdINDRENEW
₹21 Cr+9.2%
RattanIndia Power LimitedRTNPOWER
₹4,269 Cr37.8610.43-6.5%25.5%2.4%6.1%-35.3%
Gujarat Industries Power Company LimitedGIPCL
₹3,196 Cr6.367.3923.8%52.8%13.7%6.8%+15.8%
Insolation EnerINA
₹2,040 Cr13.0%-58.1%
K.P. EnergyKPEL
₹1,691 Cr9.196.0874.3%19.0%43.5%39.7%-41.0%
Orient Green Power Company LimitedGREENPOWER
₹1,101 Cr17.077.72-0.1%69.5%6.0%7.7%-31.1%

As of Mar 2026

Financials