Indian Renewable Energy Dev Agency Ltd (NSE: IREDA): In the past three weeks, IREDA shares were hitting the lower end of the 5 percent range.
Before that the stock was consistently achieving the 52-week high. With the ongoing decrease in its shares, there is any reason to invest in this stock?
Over 2 crore shares have been placed currently on sale. On the last day of trading, IREDA share prices were around 179.60 with a 5 percent lower circuit.
Its shares have dropped around 13 percent over the past three days.
The 52-week highest level for IREDA shares is 214.80 per share. Meanwhile, the 52-week low is at Rs 50 per share.
In addition, the company went public through its IPO in November last year. On the 29th of November, the shares of the company were listed in the market at the price of Rs 60 per share.
The price range of this company’s IPO was from Rs 30 to 32 per share.
A Triple Profit In Less Than Two Months
Following their listing in the market for stocks, IREDA shares (IREDA Share Price) provided triple returns within two months.
From a starting price of 60, the stock increased to the amount of Rs 214 in just two months. It has given returns of around 250 percent.
It has earned greater than 70 percent over one month. However, a decrease of 12.30 percent is seen over five days. The equity ratio of IREDA is 35.67 percent.
IREDA Shares For Sale Aren’t Being Sought By Buyers
There has been a constant decrease in shares of IREDA for the past three days.
Investors are now trying to sell their shares however, no buyers are finding them. More than two crore shares remain in an awaiting order to sell.
Are You Too Stuck?
If shares are bought at around Rs 200 the investors will have suffered a significant loss. Concerning IREDA shares, it’s unclear when the lower circuit will break.
About Indian Renewable Energy Dev Agency Ltd Company
IREDA ranks among the top five power sector financing NBFCs, specializing in renewable energy financing.
In addition, IREDA was the first company in India to issue green masala bonds; additionally, it is also the largest credit provider to RE sectors other than conventional energy.
IREDA is a state-owned business under the supervision of the Ministry of New and Renewable Energy (MNRE) that is pioneering innovative ways to finance renewable energy projects, as well as conservation and energy efficiency initiatives.
India’s first dedicated non-banking green financing company with loan portfolios covering solar power, wind power, biomass power, and hydropower generation among many others.
Fundamental Analysis of Indian Renewable Energy Dev Agency Ltd
| Market Cap | ₹ 48,272 Cr. |
| Current Price | ₹ 179.60 |
| 52-wk High | ₹ 214.80 |
| 52-wk Low | ₹ 50 |
| Stock P/E | 35.67 |
| Book Value | — |
| Dividend | 0.00 % |
| ROCE | 8.17 % |
| ROE | 15.4 % |
| Face Value | ₹ 10.0 |
| P/B Value | — |
| OPM | 93.4 % |
| EPS | ₹ 3.78 |
| Debt | ₹ 40,165 Cr. |
| Debt to Equity | 6.77 |
Indian Renewable Energy Dev Agency Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 128 | ₹ 228 |
| 2025 | ₹ 250 | ₹ 280 |
| 2026 | ₹ 310 | ₹ 375 |
| 2027 | ₹ 450 | ₹ 505 |
| 2028 | ₹ 680 | ₹ 720 |
| 2029 | ₹ 755 | ₹ 810 |
| 2030 | ₹ 1000 | ₹ 1200 |
Indian Renewable Energy Dev Agency Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2023 | 75.00% |
| Public Holding | |
| Dec2022 | 18.75% |
Indian Renewable Energy Dev Agency Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,020 Cr |
| 2020 | ₹ 2,368 Cr |
| 2021 | ₹ 2,655 Cr |
| 2022 | ₹ 2,860 Cr |
| 2023 | ₹ 3,483 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 250 Cr |
| 2020 | ₹ 215 Cr |
| 2021 | ₹ 346 Cr |
| 2022 | ₹ 634 Cr |
| 2023 | ₹ 865 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 4.29 |
| 2020 | 8.61 |
| 2021 | 7.8 |
| 2022 | 3.37 |
| 2023 | 6.77 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 59% |
| Current Year: | 36% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 15% |
| Current Year: | 15% |
Last 10 Years’ Sales Growth:
| 10 Years: | – |
| 5 Years: | – |
| 3 Years: | 14% |
| Current Year: | 22% |
Conclusion
This article is a complete guide about Indian Renewable Energy Dev Agency Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
