Renfra Energy India Limited
- Unlisted share
- Energy & Power
- ISIN INE1LPG01028
At a glance
Sales
FY26
₹1,014 Cr
+98.5%on FY25What the company earned from its customers in the year.
Profit
FY26
₹157 Cr
+65.9%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹2,048 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹466 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Renfra Energy India Limited
- ISIN
- INE1LPG01028
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹120.78
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Renfra Energy India Limited
Renfra Energy India is a Chennai-based contractor that builds solar and wind power projects on a turnkey basis, mainly for commercial and industrial customers, and also sells related equipment. It was set up in 2017 as Renfra Power Private Limited, became a public limited company at the end of 2025 and filed draft IPO papers in June 2026. The promoters are Muthuraj Periyasamy, who holds about 82% and is Chairman and Managing Director, and Jayendran.
Written from: sebi.gov.in, sebi.gov.in
Listing status. Draft red herring prospectus dated 30 June 2026 filed with SEBI (posted on SEBI's site on 1 July 2026): fresh issue of up to ₹430 crore plus an offer for sale of up to 47,94,800 shares. Not yet listed. SEBI filings page
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE1LPG01028
- Year of incorporation
- 2017
- Headquarters
- Chennai, Tamil Nadu
- Promoters
- Muthuraj Periyasamy and Jayendran
- Key people
- Chairman and Managing Director: Muthuraj Periyasamy; Executive Director: Jayendran; Chief Financial Officer: Velmurugan
- Draft abridged prospectus (SEBI)
- Permanent employees
- 457 people
- Face value per share
- ₹10
- Equity shares outstanding (before the IPO)
- 16,95,35,010 shares
- CIN
- U74999TN2017PLC119232
- Website
- renfraenergy.com
Read from: Draft red herring prospectus dated 30 June 2026 (SEBI), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
12.7×
At this price you pay ₹12.7 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
4.27×
At this price you pay ₹4.27 for every ₹1 of net worth on the company's books.
Profit margincalculated
15.5%
Out of every ₹100 of sales, ₹15.5 was left as profit.
Return on equitycalculated
33.6%
For every ₹100 of the owners' money, the company made ₹33.6 of profit in the year.
Debt to equitycalculated
0.64×
The company has borrowed ₹0.64 for every ₹1 of its owners' money.
- Indicative price
- ₹120.78
- Market valuecalculated
- ₹2,048 Cr
- price × shares
- No. of shares
- 16,95,35,010
- EPS
- ₹9.51
- Book value per share
- ₹28.29
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Renfra Energy India Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹447 Cr to ₹1,014 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY26: ₹36.86 Cr to ₹157 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Revenue from operations | 446.73 | 510.72 | 1,013.7▲98% |
| Other income | 0 | 0.71 | 4.52▲537% |
| Total income | 446.73 | 511.43 | 1,018.22▲99% |
| EBITDA (as stated in the summary of restated financial information) | 55.42 | 131.79 | 237.35▲80% |
| Depreciation and amortisation | 1.15 | 2.06 | 9.22▲348% |
| Finance costs | 4.97 | 4.07 | 34.04▲736% |
| Profit before tax | 49.47 | 126.63 | 211.03▲67% |
| Profit after tax | 36.86 | 94.55 | 156.82▲66% |
| Earnings per share (basic) (₹) | 2.63 | 6.59 | 9.51▲44% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Draft red herring prospectus dated 30 June 2026 (SEBI).
Ownership
Shareholding pattern
Who owns the company
As of 30 June 2026
81.8%Muthuraj Periyasamy (promoter)
- Largest holder
- 81.8%
- Top 3 together
- 84.3%
- Holders named
- 8
- Muthuraj Periyasamy (promoter)81.81%
- Nova Global Opportunities Fund PCC1.24%
- Dovetail Global Fund PCC1.24%
- Bloomfield AIF Cat II0.83%
- Arumuga Raja0.74%
- Compact Structure Fund0.45%
- Total86.43%
Read from: Draft abridged prospectus (SEBI)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 28 Apr 202616,94,14,000 bonus shares issued, 1,400 for every one share held. | Bonus issue | Equity shares | Not stated | Not stated |
| 4 Dec 2025250 shares of ₹100 face value allotted at ₹10,00,000 each. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 29 Aug 2025250 shares of ₹100 face value allotted at ₹10,00,000 each. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 2 Jul 2025250 shares of ₹100 face value allotted at ₹10,00,000 each. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 26 Mar 2025101 shares of ₹100 face value allotted at ₹10,00,000 each. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 22 Feb 2025250 shares of ₹100 face value allotted at ₹10,00,000 each. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 29 Jan 2025500 shares of ₹100 face value allotted at ₹10,00,000 each, including to two offshore funds. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 7 Jan 2025250 shares of ₹100 face value allotted at ₹10,00,000 each. | Private placement | Equity shares | ₹10,00,000 | Not stated |
| 24 Dec 2024250 shares of ₹100 face value allotted at ₹10,00,000 each (before the later split and bonus). | Private placement | Equity shares | ₹10,00,000 | Not stated |
Read from: Draft red herring prospectus dated 30 June 2026 (SEBI)
Leadership
Management
Muthuraj Periyasamy
Chairman and Managing Director
Jayendran
Executive Director
Velmurugan
Chief Financial Officer
Malarmathi
Non-Executive Non-Independent Director
M Kolandaivel
Independent Director
Sabitha Boopathi
Independent Director
G Kumarakrishnan
Independent Director
Saritha S
Company Secretary and Compliance Officer
Read from: Draft abridged prospectus (SEBI)
Corporate calendar
Events
- 30 Jun 2026DRHPDraft red herring prospectus filed with SEBI for an IPO (fresh issue up to ₹430 crore plus offer for sale)Open
- 28 Apr 2026Bonus issueBonus shares allotted in the ratio of 1,400 for every one heldOpen
- 13 Mar 2026Share splitShareholders approved splitting each ₹100 share into ten ₹10 sharesOpen
- 31 Dec 2025ConversionFresh certificate of incorporation issued on conversion to a public limited companyOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Renfra Energy India Limited on WhatsAppIs the price shown for Renfra Energy India Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Renfra Energy India Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Renfra Energy India Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Similar stocks
More in Energy & Power
Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Renfra Energy India Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.