Himachal Renewables Limited
About Himachal Renewables Limited
Data last updated:
Himachal Renewables Limited is a public limited company based in Shimla, Himachal Pradesh, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 14 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U40106HP2016PLC006347. Its GSTIN is 02AAECH0194H1ZY (Himachal Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.42 Cr. It is led by directors including Lukesh Kumar and Sanjay Kaushal.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Himachal Pradesh State Electricity Board Ltd Vidyut Bhawan, Shimla, Himachal Pradesh, India – 171004.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.58 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹86.64 Lakh and EBITDA of ₹2.23 Lakh (EBITDA margin 21.1%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
As per MCA filings, the company has open charges of ₹13.15 Cr and satisfied charges of ₹14.48 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressC/O Himachal Pradesh State Electricity Board Ltd Vidyut Bhawan, Shimla, Himachal Pradesh, India – 171004
- IndustryEnvironment, Clean Energy Solutions
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Himachal Renewables Limited
The main business activity of Himachal Renewables is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Himachal Renewables Limited FY 2025 filings available
Himachal Renewables Limited reported revenue of ₹10.58 Lakh (down 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Himachal Renewables Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 64% fall in the latest year. EBITDA fell 89% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Himachal Renewables Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.23 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹86.64 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Himachal Renewables Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Himachal Renewables are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Himachal Renewables Limited
Himachal Renewables Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Silver Star Solar Private Limited | ₹10.76 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Sai Guru Mega Solar Park Private Limited | ₹10.75 Lakh (FY 2018) | •••• | •••• | 220.0% | •••• | Mumbai, Maharashtra, India |
| R K Chaudhary Construction Private Limited | ₹10.64 Lakh (FY 2024) | •••• | •••• | -96.0% | •••• | Bhojpur, Bihar, India |
| Insomast Management Private Limited | ₹10.63 Lakh (FY 2021) | •••• | •••• | 219.0% | •••• | Mohali, Punjab, India |
| Raynhart Technologies and Systems Private Limited | ₹10.58 Lakh (FY 2025) | •••• | •••• | 259.0% | •••• | Chennai, Tamil Nadu, India |
| Himachal Renewables Limited this company | ₹10.58 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Shimla, Himachal Pradesh, India |
| Marine Navaids and Solar Auto Private Limited | ₹10.56 Lakh (FY 2025) | •••• | •••• | -45.0% | •••• | New Delhi, Delhi, India |
| Savitam Renewable Energy Private Limited | ₹10.44 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Ahmedabad, Gujarat, India |
| Vistar Electronics Pvt Ltd | ₹10.41 Lakh (FY 2024) | •••• | •••• | -83.0% | •••• | Pune, Maharashtra, India |
| Aip Solar Energy Private Limited | ₹10.36 Lakh (FY 2025) | •••• | •••• | •••• | Nawanshahr, Punjab, India | |
| Infinity Solar Power Private Limited | ₹10.25 Lakh (FY 2024) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Himachal Renewables by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Himachal Renewables Limited
Himachal Renewables Limited is audited by CPM & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CPM & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Himachal Renewables Limited
Himachal Renewables has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lukesh Kumar | Nominee Director | 27 Jul 2022 | 4 Years 2 Months | Current |
| Sanjay Kaushal | Nominee Director | 05 Feb 2024 | 2 Years 8 Months | Current |
| Sunil Kumar Mehlawat Also directs: Solar Energy Corporation of India Limited | Nominee Director | 09 May 2024 | 2 Years 5 Months | Current |
| Atulya Kumar Naik Also directs: Renewable Power Corporation of Kerala Limited | Nominee Director | 14 Sep 2016 | 10 Years 0 Months | Current |
Ownership and Shareholding of Himachal Renewables Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Himachal Renewables Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jul 2024 | Others | ₹13.15 Cr | Open |
| 12 Dec 2019 | Others | ₹14.48 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Himachal Renewables Limited
Himachal Renewables Limited has 3 court cases on record: 3 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed against the company by Sunsource Energy Private Limited | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed against the company by Sunsource Energy Private Limited | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Himachal Renewables Limited
Employment history and EPFO contributions of people linked to Himachal Renewables.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Himachal Renewables Limited
Himachal Renewables Limited has 13 board changes on record since 2016: 4 appointments and 9 cessations. The latest: Joshit Ranjan Sikidar ceased to be Nominee Director on 09 May 2024.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Himachal Renewables Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Himachal Renewables Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Himachal Renewables Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Himachal Renewables Limited
Himachal Renewables has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAECH0194H1ZY | Himachal Pradesh | Active | 16 Aug 2017 |
| 02AAECH0194H1D7 | Himachal Pradesh | Active | 10 Jan 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Himachal Renewables Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Himachal Renewables Limited
Himachal Renewables is an active public limited company based in Shimla, Himachal Pradesh, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 14 September 2016 (10+ years old) and is registered under CIN U40106HP2016PLC006347.
Himachal Renewables reported revenue of ₹10.58 Lakh for FY 2025 (down 64% YoY).
Himachal Renewables has 4 current directors:
- Lukesh Kumar - Nominee Director
- Sanjay Kaushal - Nominee Director
- Sunil Kumar Mehlawat - Nominee Director
- Atulya Kumar Naik - Nominee Director
Himachal Renewables reported a net loss of ₹86.64 Lakh and EBITDA of ₹2.23 Lakh (EBITDA margin 21.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Himachal Renewables is -15% over three years. In the latest year (FY 2025) revenue fell 64%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Himachal Renewables is 02AAECH0194H1ZY, registered in Himachal Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 02AAECH0194H1D7 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Himachal Renewables is U40106HP2016PLC006347. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Himachal Renewables has 3 court cases on record: 3 filed against it.
Himachal Renewables was incorporated on 14 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The peers of Himachal Renewables by revenue are Silver Star Solar Private Limited, Sai Guru Mega Solar Park Private Limited, R K Chaudhary Construction Private Limited, Insomast Management Private Limited, Raynhart Technologies and Systems Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Joshit Ranjan Sikidar ceased to be Nominee Director on 09 May 2024. Sunil Kumar Mehlawat was appointed as Nominee Director on 09 May 2024. Sanjay Kaushal was appointed as Nominee Director on 05 Feb 2024. Himachal Renewables has 13 board changes on record in total.