Indian Renewable Energy Dev Agency Ltd (NSE: IREDA): IREDA shares are soaring in panic. The shares of the company reached 209.40 with a rise of 2.25 percent on Tuesday.
The shares of the Indian Renewable Energy Development Agency (IREDA) have risen between Rs 32 and 200 in only 47 days.
IREDA shares have risen by more than 6.5 times since the IPO price of just Rs 32. IREDA shares reached their 52-week highest of more than 214.80 on the 6th of February 2024.
The 52-week low level of shares in the company is Rs 50. This share gave 101.54% in a month.
The IREDA IPO was offered at a price that ranged from Rs 30 to around Rs 32. Investors were offered IREDA shares as part of the IPO for Rs 32.
Its IPO was available to subscriptions on the 21st of November 2023. It remained open until 23 November.
IREDA shares were listed at Rs 50 on the 29th of November 2023. Since the date of listing the shares have seen an enormous increase in the stock of the corporation.
IREDA shares have increased over 520 percent from their initial price. The total value of the IREDA public offering was 2150.21 crore.
Since their listing, IREDA shares have been traded for 47 days. IREDA shares have gained 31 days in seven trading sessions.
Based on the pattern of shareholding for the quarter ending December 2023 fifteen mutual funds have a 2.87 percent stake in the state-owned company.
In addition, the stake of the government of the business is 75. The IREDA IPO was attended by a total of 38.80 times.
The retail investors’ quota for this company’s IPO was paid 7.73 times. However for non-institutional investors there of 24.16 times.
In the Qualified Institutional Buyers (QIB) Quota was occupied 104.57 times.
About Indian Renewable Energy Dev Agency
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 | ₹ 56,295 Cr. |
| Current Price | ₹ 209.40 |
| 52-wk High | ₹ 214.80 |
| 52-wk Low | ₹ 50.0 |
| Stock P/E | 41.58 |
| 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 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 165 | ₹ 231 |
| 2025 | ₹ 235 | ₹ 280 |
| 2026 | ₹ 310 | ₹ 375 |
| 2027 | ₹ 450 | ₹ 505 |
| 2028 | ₹ 680 | ₹ 720 |
| 2029 | ₹ 755 | ₹ 810 |
| 2030 | ₹ 1000 | ₹ 1200 |
| Promoters Holding | |
| Dec 2023 | 75.00% |
| Public Holding | |
| Dec2022 | 18.75% |
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% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 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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