IND Renewable Energy Ltd (INDRENEW) Fair Value & Analysis
Utilities · IN · Market cap ₹157M
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 6 days ago
Below-average quality, screening 19% undervalued on our models.
What matters now
- A fairly wide model range (₹11.76 to ₹22.28) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹5.41 – ₹26.14 · fair‑value band ₹11.76 – ₹22.28 · the ₹15.02 price screens below the ₹17.82 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
IND Renewable Energy Ltd (INDRENEW) currently trades at ₹15.02, while our model-based Fair Value estimate is ₹17.82, implying the stock looks roughly 18.6% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Net debt stands at ₹6.0M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹11.76 (bear case) to ₹22.28 (bull case); at ₹15.02, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 19%, INDRENEW screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ind Renewable Energy Limited engages in the solar power generation business. 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 in March 2016.
Full company description
Ind Renewable Energy Limited engages in the solar power generation business. 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 in March 2016. Ind Renewable Energy Limited was incorporated in 2011 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
IND Renewable Energy Ltd reported revenue of ₹0 in FY2026 versus ₹0 in FY2022. Reported net income was −₹12.1M in FY2026.
Watch INDRENEW: get an alert when its fair value changes →
Peer Group
Utilities · 677 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Utilities-Regulated Electric” was too small, so the broader sector is used.)
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities-Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| National Grid plc NGG | 61,175 ARS | 44,886 ARS | -27% |
| E.ON SE EON | 6,934 HUF | 8,734 HUF | +26% |
| RWE Aktiengesellschaft generates and RWE | 1,316 CZK | 1,379 CZK | +5% |
| Adani Power Limited ADANIPOWER | ₹206.10 | ₹75.57 | -63% |
| NTPC Limited NTPC | ₹339.45 | ₹375.02 | +10% |
| Gulf Development Public Company GULF | 65.00 THB | 39.25 THB | -40% |
| Power Grid Corporation POWERGRID | ₹269.45 | ₹252.77 | -6% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | -87% |
| Adani Energy Solutions Limited ADANIENSOL | ₹1,583 | ₹342.02 | -78% |
| The Tata Power Company TATAPOWER | ₹379.45 | ₹175.12 | -54% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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