IND Renewable Energy Ltd (INDRENEW) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of IND Renewable Energy Ltd ₹17.82, price ₹13.91, upside +28.1%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹5.41 – ₹26.14 · fair‑value band ₹11.76 – ₹22.28 · the ₹13.91 price screens below the ₹17.82 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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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.
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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.
Stock analysis
IND Renewable Energy Ltd (INDRENEW) currently trades at ₹13.91, while our model-based Fair Value estimate is ₹17.82, implying the stock looks roughly 21.9% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: ₹11.76 (bear) to ₹22.28 (bull), the price of ₹13.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
IND Renewable Energy Ltd reported revenue of ₹0 in FY2026 versus ₹0 in FY2022. Reported net income was −₹12.1M in FY2026.
Key figures
Market cap ₹194M (≈ $2.0M) · EPS (TTM) ₹−0.8800 · Return on assets (EBIT) −2.4% · Free cash flow −₹1.3M · Net debt ₹6.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at 28%, INDRENEW screens cheaper than that median.
Fair Value models
Bear ₹11.76Fair Value ₹17.82Bull ₹22.28
Price ₹13.91 · Upside +28.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.23/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.7%
’17
’18
’19
’20
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−493.1% (2017) → −186.9% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare IND Renewable Energy Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.)Utilities · 662 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "IND Renewable Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/INDRENEW
Frequently asked questions
Is IND Renewable Energy Ltd (INDRENEW) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹17.82 versus a price of ₹13.91, about +28% upside (undervalued).
What is the fair value of INDRENEW?
Our model-based fair value for IND Renewable Energy Ltd is ₹17.82 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹13.91.
What is the quality score of INDRENEW?
IND Renewable Energy Ltd has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IND Renewable Energy Ltd (INDRENEW)?
Our model-based price target is the fair value of ₹17.82 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario ₹11.76, optimistic scenario ₹22.28. It is a calculation from audited fundamentals, not an analyst target.
What is the IND Renewable Energy Ltd stock forecast for 2026?
Our models put fair value at ₹17.82, about +28% upside versus a price of ₹13.91 (undervalued). Cautious scenario ₹11.76, optimistic scenario ₹22.28. The calculation is refreshed regularly with new filings.
What is the intrinsic value of IND Renewable Energy Ltd (INDRENEW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IND Renewable Energy Ltd it is ₹17.82 per share (as of Sep 27, 2026), against a price of ₹13.91. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is IND Renewable Energy Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, INDRENEW trades below its calculated fair value: price ₹13.91, fair value ₹17.82, a gap of about +28% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INDRENEW?
No. The price is what the market pays today (₹13.91); the fair value is what the company's own numbers justify (₹17.82). For IND Renewable Energy Ltd the two are ₹3.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is IND Renewable Energy Ltd worth?
The market values IND Renewable Energy Ltd at about ₹194M (market capitalisation, as of Sep 27, 2026). Per share that is ₹13.91; our models calculate a fair value of ₹17.82 per share.
What do the bullish and bearish scenarios say about INDRENEW?
Our models span a range for IND Renewable Energy Ltd: cautious scenario ₹11.76, base ₹17.82, optimistic ₹22.28 per share (as of Sep 27, 2026, price ₹13.91). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of IND Renewable Energy Ltd (INDRENEW)?
Balance-sheet figures for IND Renewable Energy Ltd (as of Sep 27, 2026): debt of 0.02 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is INDRENEW from its 52-week high?
IND Renewable Energy Ltd trades at ₹13.91, about 9% below its 52-week high of ₹15.34 and 40% above the low of ₹9.93 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹17.82 is for.
Which stocks are comparable to IND Renewable Energy Ltd?
From the same area (Utilities) we also value NextEra Energy, Inc, Iberdrola, S.A, China Yangtze Power Co, Enel SpA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IND Renewable Energy Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price ₹13.91, calculated fair value ₹17.82 (+28%), Quality Score 35/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INDRENEW calculated?
We run IND Renewable Energy Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹17.82, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. IND Renewable Energy Ltd currently trades 22 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IND Renewable Energy Ltd (INDRENEW)?
The closing price on Oct 1, 2026 was ₹13.91. Our model-based fair value is ₹17.82, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IND Renewable Energy Ltd right 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.
Key figures of IND Renewable Energy Ltd
How large is the market capitalisation of IND Renewable Energy Ltd (INDRENEW)?
The market capitalisation of IND Renewable Energy Ltd is ₹194M (≈ $2.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of IND Renewable Energy Ltd (INDRENEW)?
Earnings per share at IND Renewable Energy Ltd are ₹−0.8800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the EBIT return on assets of IND Renewable Energy Ltd (INDRENEW)?
On an EBIT basis the return on assets of IND Renewable Energy Ltd is −2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does IND Renewable Energy Ltd (INDRENEW) generate?
The free cash flow of IND Renewable Energy Ltd is −₹1.3M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does IND Renewable Energy Ltd (INDRENEW) carry?
The net debt of IND Renewable Energy Ltd is ₹6.0M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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