Indian Renewable Energy Development Agency Ltd Share Price (IREDA)

Indian Renewable Energy Development Agency Ltd share price today stands at ₹170.39, Open: ₹171.8, Previous Close: ₹170.13, High: ₹174.6, Low: ₹169.4, 52 Week High: ₹310, 52 Week Low: ₹137.01.

Today's traded volume of Indian Renewable Energy Development Agency Ltd is 1.75Cr. Which means that 1.75Cr shares of Indian Renewable Energy Development Agency Ltd were bought and sold on the stock market during today's trading session.

Today's market capitalisation of Indian Renewable Energy Development Agency Ltd is ₹47,793.45 Cr. Market cap or market capitalisation is the total value of a company’s outstanding shares in the stock market, calculated by multiplying the current share price by the total number of shares issued by the company.

Indian Renewable Energy Development Agency Ltd’s 52 week high is ₹310 and 52 week low is ₹137.01. The current share price of Indian Renewable Energy Development Agency Ltd is ₹170.39, which is -45.04% down from its 52 week high and 24.36% up from its 52 week low.

As of May 2025, the current Chairman and Managing Director (CMD) of IREDA is Shri Pradip Kumar Das.

As of March 2025, the President of India, through Secretary MNRE, owns a significant 75% shares while FIIs and DIIs hold 1.74% and 0.51% stake, respectively.

On the last trading day, June 30, 2025, IREDA's share price closed at approximately ₹170.13, marking a decrease from the previous close of around ₹170.93. The recent downward pressure on the stock can be linked to several key developments. Negative market sentiment was influenced by the company initiating an insolvency petition in mid-June 2025 against a significant debtor. This event, coupled with a recent Qualified Institutional Placement (QIP) to raise funds and a reduction in promoter holdings during the June 2025 quarter, has contributed to the stock's recent fall and price volatility.

Despite the recent price dip, IREDA's financial performance remains strong. For the fiscal year ended March 31, 2025, the company reported a Total Revenue of ₹6,742 crore and a Profit After Tax (PAT) of ₹1,699 crore. The Return on Equity (ROE) for FY25 was a healthy 28.97%. As of late June 2025, analyst recommendations were split, with 50% suggesting 'Buy' and 50% suggesting 'Hold', with an average price target of ₹173. The stock's valuation included a P/E ratio of approximately 28.3 and a P/B ratio of 4.48 as of the same period, indicating a fundamentally sound company facing short-term market headwinds.

On the last trading day, June 30, 2025, IREDA's share price closed at ₹170.13, a rise of 0.38% from its previous close of ₹170.93. The recent positive momentum in the stock can be attributed to favorable regulatory developments. For instance, the Reserve Bank of India's finalized project finance guidelines in late June 2025 are viewed as beneficial for infrastructure finance companies like IREDA. This has likely improved investor sentiment, contributing to the share's upward movement.

The company has demonstrated strong financial health. For the fiscal year ended March 31, 2025, IREDA reported a Total Revenue of ₹6,742 crore and a Profit After Tax (PAT) of ₹1,699 crore. The Return on Equity (ROE) for the same period was a robust 28.97%. As of late June 2025, the stock's P/E ratio was approximately 28.3. Analyst views are cautiously optimistic, with 50% recommending a 'Buy' and 50% a 'Hold', holding an average price target of ₹173.

Indian Renewable Energy Development Agency Ltd. (IREDA) is positioned as a key financial institution supporting India's renewable energy objectives, backed by its 'Navaratna' status from the government. On the last trading day, June 27, 2025, the share price closed at ₹169.50. The company demonstrated strong financial results for the fiscal year ended March 31, 2025, reporting a Total Revenue of ₹6,742 crore and a Profit After Tax (PAT) of ₹1,699 crore. The Return on Equity (ROE) for FY25 was a healthy 28.97%, indicating efficient use of shareholder funds and a solid financial foundation.

The future outlook is cautiously optimistic. As of June 2025, analysts are split, with 50% recommending a 'Buy' and 50% a 'Hold', with an average price target of ₹173. While its fundamentals are strong, investors should consider the risks. The stock's valuation is high, with a Price-to-Book (P/B) ratio of approximately 4.48 as of late June 2025. Recent events, such as a decrease in promoter holdings in the June 2025 quarter, have contributed to market volatility. Therefore, while IREDA's long-term prospects are tied to the growing renewable energy sector, investors should weigh its strong performance against valuation and market risks.