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Renewsys India
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RENEWSYS INDIA PRIVATE LIMITED

All Companies ›

Maharashtra ›

General Manufacturing ›

Active

Updated: 01 Sep 2025

The company manufactures solar PV cells and PV solar modules/ solar panels.

Renewsys India Private Limited, is an unlisted private company incorporated on 09 August, 2011. It is classified as a private limited company and is located in , Maharashtra. It's authorized share capital is INR 200.00 cr and the total paid-up capital is INR 176.48 cr.

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Industry and products

Manufacturing (Others)

PV Solar Cells, EVA Encapsulant and Backsheet etc, PV Solar Panels, Solar photovoltaic modules

Company size

Auth Capital

₹ 200.0 Cr

Paidup Capital

₹ 176.5 Cr

Revenue

₹ 2000-2250 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

17.24%

₹ 2,100.6

EBITDA

56.67%

₹ 190.9

Net Profit

84.41%

₹ 85.0

Networth

11.74%

₹ 778.8

Borrowings

-19.92%

₹ 254.7

Assets

3.22%

₹ 1,411.3

Gross Margin

4.48

20.9 %

Operating Margin

2.32

9.1 %

Net Profit Margin

1.48

4.0 %

Return on Equity

4.3

10.9 %

ROCE

4.42

14.1 %

Debt to Equity

-0.13

0.3

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (15)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Avinash Gope Hiranandani	07118075	10 years
Director	Sanjay Naraindas Kirpalani	00088075	11 years
Director	Anagha Srinivas Rao Anasingaraju	02513563	3 years
Director	Rekha Bagry	08620347	4 years
Director	Chandrakant Arun Modak	10345014	2 years
Director	Nandkumar Ramakrishna Pai	06991861	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	808.1	790.2	1,191.9	1,791.4	2,093.2
Operating profit	44.2	107.4	97.8	121.8	190.9
Net profit	26.0	50.3	48.0	46.1	85.0
Gross margin	19.9	28.4	19.5	16.4	20.9
Operating margin	5.5	13.6	8.2	6.8	9.1
Net margin	3.2	6.3	4.0	2.6	4.0
Networth	553.5	604.1	652.6	697.0	778.8
Borrowings	44.1	30.0	178.4	318.0	254.7
Assets	724.4	743.8	1,039.9	1,367.3	1,411.3
Debt to equity	0.1	0.1	0.3	0.5	0.3
Current ratio	2.2	2.8	1.9	1.5	1.8
ROE	4.7	8.3	7.3	6.6	10.9
Days payable	41.0	49.0	47.0	55.0	51.0
WC days	81.0	101.0	82.0	51.0	58.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	176.5	176.5	176.5	176.5	176.5
Reserves	377.0	427.6	476.1	520.5	602.3
Borrowings +	44.1	30.0	178.4	318.0	254.7
Long term borrowings	14.8	7.4	77.4	141.9	165.5
Short term borrowings	29.3	22.6	101.0	176.2	89.2
Trade payables +	72.2	75.6	123.2	226.4	230.4
Days payable	41.0	49.0	47.0	55.0	51.0
Other liabilities +	126.8	109.7	208.9	352.2	377.8
Other non-current liabilities	9.5	9.6	30.2	50.3	69.8
Other current liabilities	45.1	24.5	55.5	75.5	77.6
Total liabilities	724.4	743.8	1,039.9	1,367.3	1,411.3
Fixed Assets +	350.8	362.9	474.3	589.7	654.9
Tangible assets	338.5	339.7	436.5	460.4	609.8
CWIP	10.3	21.4	36.9	128.9	44.6
Intangible assets	2.1	1.7	0.9	0.4	0.4
LT loans and advances	2.0	2.5	-	-	-
Other non-current assets	46.5	37.3	19.6	48.3	27.9
Current assets +	325.1	341.0	546.0	729.2	728.6
Inventories	150.0	138.4	156.5	239.8	305.8
Trade receivables	87.7	105.3	178.8	330.9	349.2
Cash and cash equivalents	18.4	60.9	71.7	42.0	26.2
ST loans and advances	0.6	0.3	-	-	-
Other current assets	68.5	36.1	139.0	116.5	47.3
Total assets	724.4	743.8	1,039.9	1,367.3	1,411.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	24.36	23.73	16.97	12.91	12.5
Reserves	52.05	57.49	45.78	38.07	42.68
Borrowings +	6.08	4.03	17.16	23.26	18.05
Long term borrowings	2.04	0.99	7.45	10.38	11.73
Short term borrowings	4.05	3.04	9.71	12.88	6.32
Trade payables	9.96	10.17	11.85	16.56	16.33
Other liabilities +	17.51	14.75	20.09	25.76	26.77
Other non-current liabilities	1.31	1.29	2.9	3.68	4.94
Other current liabilities	6.23	3.3	5.34	5.52	5.5
Total liabilities
Fixed Assets +	48.42	48.8	45.61	43.13	46.4
Tangible assets	46.72	45.68	41.98	33.67	43.21
CWIP	1.42	2.88	3.54	9.42	3.16
Intangible assets	0.28	0.24	0.09	0.03	0.03
LT loans and advances	0.27	0.34	0.0	0.0	0.0
Other non-current assets	6.42	5.01	1.89	3.53	1.98
Current assets +	44.88	45.85	52.51	53.34	51.62
Inventories	20.71	18.61	15.05	17.54	21.67
Trade receivables	12.1	14.16	17.19	24.2	24.74
Cash and cash equivalents	2.53	8.19	6.89	3.07	1.86
ST loans and advances	0.09	0.05	0.0	0.0	0.0
Other current assets	9.45	4.86	13.37	8.52	3.35
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	808.1	790.2	1,191.9	1,791.4	2,093.2
Sales growth %	47.51	-2.22	50.84	50.29	16.84
Expenses +	797.8	713.5	1,130.6	1,729.0	1,985.5
Cost of goods	647.7	565.8	959.1	1,496.8	1,655.1
Employee cost	41.5	40.4	41.6	53.6	79.3
Other costs	74.8	76.5	93.4	119.3	167.9
Operating profit +	44.2	107.4	97.8	121.8	190.9
Operating margin %	5.5	13.6	8.2	6.8	9.1
Other income	-2.8	2.4	1.7	0.3	7.4
Interest	6.4	2.6	5.5	19.4	31.8
Depreciation	27.4	28.1	30.9	40.1	51.4
Exceptional items	-	-	-	-	-
Profit before tax	7.6	79.1	63.0	62.6	115.1
Tax	-18.4	28.8	15.1	16.5	30.0
Profit - disc. ops	-	-	-	-	-
Net profit	26.0	50.3	48.0	46.1	85.0
Net margin %	3.2	6.3	4.0	2.6	4.0

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	100.35	99.7	99.86	99.99	99.65
Expenses +	99.06	90.02	94.72	96.5	94.52
Cost of goods	80.42	71.39	80.35	83.54	78.79
Employee cost	5.15	5.1	3.49	2.99	3.78
Other costs	9.29	9.65	7.83	6.66	7.99
Operating profit	5.49	13.55	8.2	6.8	9.09
Other income	-0.35	0.3	0.14	0.01	0.35
Interest	0.8	0.33	0.46	1.08	1.51
Depreciation	3.41	3.55	2.59	2.24	2.45
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	0.94	9.98	5.28	3.5	5.48
Tax	-2.29	3.63	1.26	0.92	1.43
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	3.23	6.35	4.02	2.57	4.05

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.1	0.1	0.3	0.5	0.3
Net Debt/Equity	0.1	0.0	0.2	0.4	0.3
Total Debt/Assets	0.1	0.0	0.2	0.2	0.2
Total Assets/Equity	1.3	1.2	1.6	2.0	1.8
Liquidity +
Current Ratio	2.2	2.8	1.9	1.5	1.8
Quick Ratio	1.2	1.6	1.4	1.0	1.1
Interest Coverage	6.9	41.5	17.7	6.3	6.0
Performance
Gross Margin	19.9	28.4	19.5	16.4	20.9
Operating Margin	5.5	13.6	8.2	6.8	9.1
Net Margin	3.2	6.3	4.0	2.6	4.0
Return +
Return on Equity	4.7	8.3	7.3	6.6	10.9
Pre-tax ROCE	3.2	13.6	9.0	9.7	14.1
Return on Assets	3.6	6.8	4.6	3.4	6.0
Pre-tax ROIC	2.9	13.1	8.8	8.4	13.8
Efficiency +
Days Payable	41.0	49.0	47.0	55.0	51.0
Days Inventory	85.0	89.0	60.0	58.0	67.0
Days Receivable	40.0	49.0	55.0	67.0	61.0
Fixed Asset Turnover	2.3	2.2	2.5	3.0	3.2
Total Asset Turnover	1.1	1.1	1.1	1.3	1.5
Working Capital
Cash Conversion Cycle	84.0	89.0	68.0	70.0	77.0
Working Capital Days	81.0	101.0	82.0	51.0	58.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 873.1 cr

State Bank of India

No. of Loans: 1

Total Amount : 628.9 cr

The Federal Bank Limited

No. of Loans: 8

Total Amount : 300.3 cr

IDFC First Bank Limited

No. of Loans: 2

Total Amount : 220.0 cr

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 60.0 cr

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 4

Total Amount : 18.8 cr

Charge Holder	Amount	Date of creation/modification
The Hongkong and Shanghai Banking Corporation Limited	10.0 cr	13 Jun, 2025
The Federal Bank Limited	125.0 cr	31 May, 2025
The Federal Bank Limited	75.5 cr	31 May, 2025
IDFC First Bank Limited	205.0 cr	20 May, 2025
IDFC First Bank Limited	15.0 cr	20 May, 2025
State Bank of India	628.9 cr	14 May, 2025
SBICap Trustee Company Limited	873.1 cr	22 Jan, 2025
The Hongkong and Shanghai Banking Corporation Limited	0.8 cr	05 Jan, 2025
The Hongkong and Shanghai Banking Corporation Limited	4.5 cr	05 Jan, 2025
The Federal Bank Limited	26.0 cr	23 Aug, 2024
The Hongkong and Shanghai Banking Corporation Limited	3.5 cr	11 Jan, 2024
The Federal Bank Limited	73.1 cr	19 Jun, 2023
The Federal Bank Limited	0.0 cr	17 May, 2023
The Federal Bank Limited	0.1 cr	25 Feb, 2022
IndusInd Bank Limited	60.0 cr	31 Dec, 2021
The Federal Bank Limited	0.3 cr	21 Dec, 2021
The Federal Bank Limited	0.3 cr	02 Jul, 2021

Charges

SBICap Trustee Company Limited

State Bank of India

The Federal Bank Limited

IDFC First Bank Limited

Others

Company Network

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Tofler Score

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Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE
CASH DETERIORATING

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U36990MH2011PTC220771

PAN

AAGCP2384M

Incorporation

2011, 14.1 years

Company Email

ajit.pethe@renewsysindia.com

Paid up Capital

₹ 176.5 Cr

Authorised Capital

₹ 200.0 Cr

AGM

Jul 2024

Type

Private

Others

FAQ - RENEWSYS INDIA PRIVATE LIMITED

What is the incorporation date of RENEWSYS INDIA PRIVATE LIMITED?

The incorporation date of RENEWSYS INDIA PRIVATE LIMITED is 09 August, 2011

What is the authorized share capital of RENEWSYS INDIA PRIVATE LIMITED?

The authorized share capital of RENEWSYS INDIA PRIVATE LIMITED is INR ₹ 200.0 Cr.

What is the paid-up capital of RENEWSYS INDIA PRIVATE LIMITED?

The paid-up capital of RENEWSYS INDIA PRIVATE LIMITED is INR ₹ 176.5 Cr.

What is the registered address of RENEWSYS INDIA PRIVATE LIMITED?

The registered address of RENEWSYS INDIA PRIVATE LIMITED is Unit No. 607, 6th floor, Trade Center, Bandra - Kurla Complex, Bandra (East), Mumbai City, Mumbai, Maharashtra, India, 400051 - 400051

What is the CIN number of RENEWSYS INDIA PRIVATE LIMITED?

The CIN number of RENEWSYS INDIA PRIVATE LIMITED is U36990MH2011PTC220771.

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