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Indian Renewable Energy Development Agency Ltd share price logo

Indian Renewable Energy Development Agency Ltd

(IREDA)

₹217.481.61%

as on 04:01PM, 13 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Indian Renewable Energy Development Agency Ltd Analyst Rating

based on 2 analysts

HOLD

50.00%

Buy

0.00%

Hold

50.00%

Sell

Based on 2 analysts offering long term price targets for Indian Renewable Energy Development Agency Ltd. An average target of ₹205

Source: S&P Global Market Intelligence

Indian Renewable Energy Development Agency Ltd Share analysis

Indian Renewable Energy Development Agency Ltd price forecast by 2 analysts

Downside of-5.74%

High

₹280

Target

₹205.00

Low

₹130

Indian Renewable Energy Development Agency Ltd target price ₹205, a slight downside of -5.74% compared to current price of ₹217.48. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Indian Renewable Energy Development Agency Ltd Performance

  • Day's Low

    Day's High

    ₹212.7
    ₹219.97
  • 52 Week's Low

    52 Week's High

    ₹92.55
    ₹310
1 Month Return+ 14.55 %
3 Month Return-4.78 %
1 Year Return+ 80.78 %
Previous Close₹221.03
Open₹219.90
Volume58.55L
Upper Circuit-
Lower Circuit-
Market Cap₹59,407.66Cr

Indian Renewable Energy Development Agency Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹59,407.66 Cr
P/B Ratio4.27
EPS0
Dividend Yield0
SectorFinance
ROE17.28

Indian Renewable Energy Development Agency Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹59,407.66 Cr52.49%0.93₹346 Cr₹2,614 Cr
BUY₹97,068.51 Cr8.9%0.50₹1,942 Cr₹3,159 Cr
BUY₹49,223.22 Cr25.13%0.50₹1,106 Cr₹2,035 Cr
HOLD₹69,143.82 Cr1.29%0.88NANA
BUY₹46,523.25 Cr62.94%0.63₹804 Cr₹2,920 Cr

About Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency (IREDA), founded in 1987 by the Government of India, operates in the financial services sector, specifically focusing on financing renewable energy projects. Headquartered in New Delhi, IREDA is registered under the Company Identification Number (CIN) U40108DL1987GOI027265. The company provides financial support for projects in various renewable energy sectors, including wind, solar, hydro, and bioenergy, playing a crucial role in advancing India's renewable energy goals.
IREDA's share price reflects its strategic importance in promoting green energy initiatives. The company's market capitalization indicates its financial strength and the increasing interest in sustainable energy investments. While IREDA does not operate under sub-brands, its wide range of financial products, including project financing and refinancing for renewable energy projects, attracts investors focused on the growing renewable energy market. The share price is influenced by government policies, market demand for renewable energy, and the company's financial performance.

Share Price: ₹217.48 per share as on 13 Dec, 2024 04:01 PM
Market Capitalisation: ₹59,407.66Cr as of today
Listing date: 29 Nov, 2023
Chairperson Name: Pradeep Kumar Das
OrganisationIndian Renewable Energy Development Agency Ltd
HeadquartersNew Delhi
IndustryFinance
E-voting on sharesClick here to vote

Key events for Indian Renewable Energy Development Agency Ltd

  • IREDA Advances Renewable Energy Financing Solutions - 07 Dec, 2024

    IREDA held its 18th Stakeholders' Meet, focusing on competitive financing solutions for renewable energy. CMD Pradip Kumar Das emphasized achievements, compliance, and new financing norms to enhance project bankability and support India's renewable energy goals.
  • Positive Outlook for IREDA Stock with Target Levels - 05 Dec, 2024

    Investors are advised to hold IREDA shares and consider adding to their positions. Medium-term targets are set at Rs 250-260, with long-term expectations exceeding Rs 325. The stock rose 2.35% to Rs 222.10.
  • IREDA Stock Surges Post Navratna Status and Bond Success - 03 Dec, 2024

    IREDA shares have shown impressive growth, listing at ₹50 and rising 242.5% since. The company benefits from Navratna status and strong investor interest in its bond issuance, enhancing its financial flexibility in the growing renewable energy sector.
  • IREDA Share Price Soars After Strong Q2 Results - 29 Nov, 2024

    IREDA's share price is rising following a robust Q2 FY25, with a net profit of Rs 3.9 billion, a 36% increase year-over-year. Revenue also surged by 38%. The stock reached a record high of Rs 310 in July 2024, driven by positive market sentiment after the BJP's victory in Maharashtra Assembly elections.
  • IREDA Shares Surge Amid Strong Performance - 28 Nov, 2024

    IREDA shares have gained 15% over five sessions, reaching an intraday high of ₹213. The stock has rallied significantly in 2024, despite recent corrections.
  • IREDA Reports Strong Financial Growth and Reduced NPAs - 25 Nov, 2024

    Indian Renewable Energy Development Agency (IREDA) announced a 36% YoY increase in PAT, with significant reductions in NPAs and strong growth in PBT and PAT for Q2 2024-25.
  • IREDA Launches Eco-Friendly Mobility Initiative - 15 Nov, 2024

    Union minister Pralhad Joshi launched battery vehicles at Jagannath Temple, supported by IREDA's CSR program, promoting eco-friendly mobility and enhancing accessibility for visitors.
  • IREDA Stock Recovers Amid Market Weakness - 14 Nov, 2024

    On November 14, 2024, IREDA shares increased by 2.5% after facing an 18% decline over the past month. The stock was trading at Rs 192.

Insights on Indian Renewable Energy Development Agency Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 21.88% to 22.62% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, IREDA stock has moved up by 14.6%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 75.00% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 2.70% to 2.02% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.24% to 0.19% in Sep 2024 quarter

Indian Renewable Energy Development Agency Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹30,450.44Cr (-)₹36,833.96Cr (↑20.96%)₹50,621.87Cr (↑37.43%)₹62,760.94Cr (↑23.98%)
Total Liabilities₹27,455.25Cr (-)₹31,565.85Cr (↑14.97%)₹44,686.70Cr (↑41.57%)₹54,201.52Cr (↑21.29%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹1,709.38Cr (-)-₹3,206.42Cr (↑87.58%)-₹5,254.12Cr (↑63.86%)-₹12,343.16Cr (↑134.92%)-₹11,099.64Cr (↓10.07%)

Index Inclusions

BSE Mid-Cap

₹47,776.62

-0.08 (-39.26%)

Nifty Midcap 100

₹58,991.55

-0.05 (-30.15%)

Nifty 200

₹14,035.90

0.57 (79.45%)

BSE IPO

₹16,600.30

-0.07 (-11.34%)

Nifty 500

₹23,358.95

0.44 (102.55%)

S&P BSE 150 MidCap

₹16,427.23

-0.08 (-13.51%)

Nifty MidSmallcap 400

₹20,552.15

-0.2 (-40.4%)

S&P BSE 400 MidSmallCap

₹12,533.73

-0.22 (-27.07%)

S&P BSE Fin. Ser

₹11,993.45

0.36 (43.01%)

BSE 500

₹36,746.91

0.46 (167.61%)

Nifty Midcap 150

₹21,748.10

-0.1 (-21.95%)

S&P BSE 250 LargeMidCap

₹10,858.15

0.56 (60.7%)

Nifty LargeMidcap 250

₹16,330.60

0.29 (47.35%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Indian Renewable Energy Development Agency Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
75%
0.00
Foreign Institutions
2.02%
-24.99
Mutual Funds
0.19%
-20.53
Retail Investors
22.62%
3.40
Others
0.16%
-10.77

Indian Renewable Energy Development Agency Ltd Key Indicators

Details20202021202220232024
Return On Equity %8.4112.5615.3315.4417.28
Details20202021
Return On Assets %0.771.14

Indian Renewable Energy Development Agency Ltd Earnings and Dividends

  • Indian Renewable Energy Development Agency Ltd Earnings Results

    Indian Renewable Energy Development Agency Ltd’s net profit jumped 36.18% since last year same period to ₹387.75Cr in the Q2 2024-2025. On a quarterly growth basis, Indian Renewable Energy Development Agency Ltd has generated 1.06% jump in its net profits since last 3-months.

    Read More about Earnings Results

Indian Renewable Energy Development Agency Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Indian Renewable Energy Development Agency Ltd is currently in a Bullish trading position according to technical analysis indicators.

FAQs on Indian Renewable Energy Development Agency Ltd

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Indian Renewable Energy Development Agency Ltd (IREDA) share price today is ₹217.48

Indian Renewable Energy Development Agency Ltd is listed on NSE

Indian Renewable Energy Development Agency Ltd is listed on BSE

  • Today’s highest price of Indian Renewable Energy Development Agency Ltd is ₹219.97.
  • Today’s lowest price of Indian Renewable Energy Development Agency Ltd is ₹212.7.

Today’s traded volume of Indian Renewable Energy Development Agency Ltd(IREDA) is 58.55L.

Today’s market capitalisation of Indian Renewable Energy Development Agency Ltd(IREDA) is ₹59407.66Cr.

Indian Renewable Energy Development Agency Ltd(IREDAPrice
52 Week High
₹310
52 Week Low
₹92.55

Indian Renewable Energy Development Agency Ltd(IREDA) share price is ₹217.48. It is down -29.85% from its 52 Week High price of ₹310

Indian Renewable Energy Development Agency Ltd(IREDA) share price is ₹217.48. It is up 134.99% from its 52 Week Low price of ₹92.55

Indian Renewable Energy Development Agency Ltd(IREDAReturns
1 Day Returns
-3.55%
1 Month Returns
14.55%
3 Month Returns
-4.78%
1 Year Returns
80.78%