Indian Renewable Energy Dev Agency (NSE: IREDA): Today, in this post we’ll discuss about IREDA latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Within 5 months, IREDA shares have made people rich. IREDA’s IPO came in November 2023 for Rs 32.
The shares of the company ended at 167.15 on the 12th of April 2024. IREDA Shares have gained 421 percent over the issue price of Rs 32.
The 52-week high of the shares of the company is at Rs 215.
At the same time, the 52-week low level of shares of the Indian Renewable Energy Development Agency (IREDA) is Rs 49.99.
A Stormy Rise Of 421% In The Company’s Shares
The IPO of IREDA was opened on 21 November 2023 and it remained open till 23 November.
Shares of government company IREDA were listed on Bombay Stock Exchange on 29 November 2023 at Rs 49.99.
On the day of listing, the company’s shares closed at Rs 59.99 with a sharp rise. The company’s shares gained more than 87 percent on the day of listing.
IREDA shares have been witnessing a tremendous rise since its listing. Shares of this company have been valued at the amount of Rs 166.40 as of April 10, 2024.
The total size of IREDA’s public issue was up to Rs 2150 crore.
Its IPO Was Attended By More Than 38 Times
IREDA’s IPO was attended to 38.80 times. The company had 7.73 times stakes at stake in the IPO of the company in the category of retail investors.
Whereas the category of Non-Institutional Investors (NII) was subscribed 24.16 times.
The qualified institutional buyers (QIB) for the corporation’s IPO were bought at 104.57 percent.
The employees’ quota in IREDA’s IPO was subscribed 9.80 times. In the IPO of IREDA retail investors can place bets at a minimum of one lot and up to thirteen lots.
There were 460 shares in one lot of the IPO. That means, retail investors had to invest at least Rs 14720 in IREDA’s IPO.
The company’s shares are listed on both BSE and NSE platforms.
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 IREDA
| Market Cap | ₹ 44,724 Cr. |
| Current Price | ₹ 167.15 |
| 52-wk High | ₹ 215 |
| 52-wk Low | ₹ 50.0 |
| Stock P/E | 51.7 |
| 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 | ₹ 128 | ₹ 210 |
| 2025 | ₹ 212 | ₹ 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 (IREDA) 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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