Shares of the Indian Renewable Energy Development Agency Ltd(NSE: IREDA) have again risen. Stock was very close to 5 percent at the end session on Friday. The stock, however, has dropped 15 percent over the past month.
The stock returned 150 percent over three months.
IREDA Share Performance
Government stake in the company of 75 percent. The percentage of FIIs is 75 percent. In December 2023, foreign institutional investors accounted for 1.88 percent of the total.
Pradeep Kumar Das, Chairman and Managing Director (CMD), Indian Renewable Energy Development Limited, (IREDA),
indicated that the company intends to establish a subsidiary for rooftop solar, pm-KUSUM and electric projects in the B2C sector. She’s making.
He stated that IREDA can, with the approval of the Government of India set up a 100% subsidiary to meet the needs of the retail segment.
IREDA CMD Pradeep Das expressed his excitement, saying that this strategic partnership would be the first step in India towards renewable energy.
This is a major step in accelerating energy development. This partnership will combine our resources and strengths to support different projects and promote sustainability.
About IREDA 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 IREDA
| Market Cap | ₹ 42,237 Cr. |
| Current Price | ₹ 157 |
| 52-wk High | ₹ 215 |
| 52-wk Low | ₹ 50.0 |
| Stock P/E | 48.8 |
| 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 |
IREDA Share Price Target 2024 To 2030
| 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 |
IREDA Shareholding Pattern
| Promoters Holding | |
| Dec 2023 | 75.00% |
| Public Holding | |
| Dec2022 | 18.75% |
IREDA 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.
