IREDA Stock Performance
|
|
|
IREDA Company background
Indian Renewable Energy Development Agency Limited (IREDA)
The Indian Renewable Energy Development Agency Limited (IREDA) is a key player in India's renewable energy sector. Established on March 11, 1987, as a Public Limited Company, IREDA has been instrumental in promoting and financing renewable energy projects across the country. Operating under the administrative control of the Ministry of New and Renewable Energy (MNRE), IREDA is recognised as a Navratna Government of India Enterprise. With over 36 years of experience, IREDA has significantly contributed to India's renewable energy initiatives.
Historical background
IREDA was incorporated to provide financial assistance for renewable energy projects, including power generation, equipment supply, and fuel source projects. After obtaining its Certificate of Commencement of Business on March 21, 1987, it was designated as a Public Financial Institution by the Department of Company Affairs on October 17, 1995. In 2008, the Reserve Bank of India granted IREDA a Certificate of Registration to operate as a Non-Banking Financial Company (NBFC) without accepting public deposits. In 2023, IREDA achieved Infrastructure Finance Company status from the RBI.
Mission and vision
IREDA's mission is to be a leading financial institution dedicated to promoting renewable energy and energy efficiency/conservation with the motto: ENERGY FOR EVER. The agency's vision aligns with the Government of India's initiatives to foster sustainable development through renewable energy.
Products and services
IREDA offers a comprehensive suite of financial products and services tailored to meet the needs of renewable energy projects:
- Fund-Based Financial Products: Long-term and short-term project loans, manufacturing loans, take-out financing, bridge loans, and bill discounting.
- Non-Fund Based Assistance: Performance guarantees, letters of comfort, letters of undertaking, and refinancing schemes.
- Specialized Schemes: Includes the IREDANCEF Refinancing Scheme utilizing funds from the National Clean Energy Fund for biomass and small hydro projects.
Key contributions and initiatives
IREDA has been at the forefront of various government initiatives aimed at boosting renewable energy:
- Wind GBI Scheme: Supports wind power generation projects.
- Solar GBI Scheme: Encourages solar power generation.
- Solar Water Heating System Capital Subsidy Scheme: Promotes solar water heating systems.
- Major Projects: Commissioned a large Hydro Project of 1200 MW under consortium financing in FY 2016-17 and a 50 MW Solar Project in Kasargod, Kerala in September 2017.
Recent developments
In recent years, IREDA has introduced several new schemes to support renewable energy:
- Short Term Loan Facility (2019-20): For government bodies/DISCOMS/Transcos to meet Renewable Purchase Obligations (RPO) compliance.
- Loan Against Securitisation Scheme: Provides loans against future GBI receivables for grid-connected wind and solar projects.
- Ethanol Production Financing Scheme: Supports setting up new distilleries or expanding existing ones for ethanol production using various sugarcane derivatives.
Strategic role in policy development
IREDA has played a strategic role in developing and implementing various policies and structural reforms in the renewable energy sector. It has been actively involved in government programs aimed at fostering growth in this sector. These efforts have helped streamline processes and create a conducive environment for renewable energy investments.
Financial performance
The Indian Renewable Energy Development Agency (IREDA) has demonstrated robust financial performance in recent quarters, reflecting its strategic growth initiatives and strong market positioning. For the quarter ending June 2024, IREDA reported a net profit of ₹383.69 crore, marking a significant 30% increase compared to the same period last year. This surge in profitability is attributed to the agency's effective cost management and increased revenue generation.
In terms of revenue, IREDA achieved a total income of ₹1,510.71 crore for the quarter, which represents an 8.56% growth from the previous quarter. The agency's operating profit margin remains impressive at 97.69%, showcasing its efficiency in managing operational costs relative to its revenue. Furthermore, IREDA's net profit margin stands at 25.40%, indicating a healthy bottom-line performance.
Outlook overview
IREDA's financial strength is further highlighted by its ambitious capital raising plans. The agency has received government approval to raise up to ₹4,500 crore through a Qualified Institutions Placement (QIP) and aims to expand its loan book beyond ₹85,000 crore by the end of the current financial year. This strategic move is part of a broader plan to raise approximately ₹30,000 crore through debt and equity in FY25, supporting its continued growth and investment in renewable energy projects.
Indian Renewable Energy Development Agency Limited (IREDA) remains a critical player in India's journey towards sustainable development. With its extensive experience and strategic initiatives aligned with government policies, IREDA continues to facilitate significant growth in the renewable energy sector. As it moves forward, IREDA is poised to further enhance its contributions towards achieving India's renewable energy targets.
As of 14 Jul, 2025, IREDA share price is ₹159. The stock opened at ₹160 and had closed at ₹160 the previous day. During today’s trading session, IREDA share price moved between ₹156.50 and ₹160.00, with an average price for the day of ₹158.25. Over the last 52 weeks, the stock has recorded a low of ₹137.01 and a high of ₹310.00. In terms of performance, IREDA share price has declined by 20.4% over the past six months and has declined by 44.76% over the last year.
IREDA Fundamental
Market Cap (in crs)
44,947.70
Face Value
10
Turnover (in lacs)
18,928.87
Key Metrics
IREDA Key Financials
*All values are in ₹ Cr.
*All values are in ₹ Cr.
*All values are in ₹ Cr.
*All values are in ₹ Cr.
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|
1947.6 Cr | 1905.06 Cr | 1698.45 Cr | 1629.54 Cr | 1510.27 Cr |
| Mar 2025 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|
6755.69 Cr | 2657.74 Cr | 2372.38 Cr | 2022.21 Cr |
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|
246.88 Cr | 501.55 Cr | 425.38 Cr | 387.71 Cr | 383.7 Cr |
| Mar 2025 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|
1698.34 Cr | 346.41 Cr | 214.55 Cr | 249.91 Cr |
IREDA Result Highlights
Result Summary
-
IREDA reported a 40.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 29.7%.
-
Its expenses for the quarter were up by 41.7% QoQ and 21.4% YoY.
-
The net profit decreased 26.8% QoQ and decreased 35.7% YoY.
-
The earnings per share (EPS) of IREDA stood at 0.9 during Q1FY26.
Data Source: BSE, Company announcements
The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.
IREDA Technical Analysis
Moving Averages Analysis
Delivery & Volume
| Period | Combined Delivery Volume | NSE+BSE Traded Volume |
|---|---|---|
Day Rs | 15778167 Rs | 44987191 Rs |
Week Rs | 6075486 Rs | 17370740 Rs |
Month Rs | 5939207 Rs | 16295076 Rs |
Resistance & Support
IREDA Peer comparison
| Index Name | Market Price | Market Cap | 52W Low | 52W High | Prev. Close | 1W Return | 1M Return | 6M Return | 1Y Return | 3Y Return | Dividend Yield | PE Ratio | Industry PE | PB Ratio |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
62.85 | 16,359.88 | 36.2 | 91.4 | 60.72 | 1.42% | 2.18% | 14.82% | -9.57% | 558.74% | 0.00% | 379.06 | 28.99 | 9.42 | |
426.50 | 1,42,217.89 | 357.25 | 580 | 430.95 | 3.33% | 4.61% | 1.87% | -23.41% | 392.36% | 3.67% | 8.19 | 28.99 | 1.56 | |
398.75 | 1,05,605.45 | 357.35 | 654 | 401.05 | 1.85% | -0.96% | -16.23% | -37.42% | 338.39% | 4.49% | 6.72 | 28.99 | 1.36 | |
289.00 | 2,642.49 | 122.32 | 294.25 | 285.38 | 3.57% | 32.99% | 85.70% | 45.78% | 422.19% | 1.05% | 25.42 | 28.99 | 2.17 | |
58.59 | 1,216.67 | 25.11 | 58.59 | 57.45 | 0.00% | 18.03% | 111.75% | 137.69% | 137.69% | 0.00% | 0.00 | 28.99 | 5.43 | |
230.90 | 46,185.83 | 158.85 | 353.7 | 230.71 | 1.80% | 1.40% | 8.00% | -30.71% | 547.36% | 1.80% | 17.05 | 28.99 | 2.57 |
IREDA Share Price FAQs
What is Share Price of IREDA?
IREDA share price is ₹159 in NSE and ₹159.15 in BSE as on 14/7/2025.
How has IREDA shares performed in the past ?
IREDA share price in the past 1-year return was -44.06. The IREDA share hit a 1-year low of Rs. 137.01 and a 1-year high of Rs. 310.
What is the market cap of IREDA ?
The market cap of IREDA is Rs. 44947.7 Cr. as of 14/7/2025.
What is the current P/E ratio of IREDA ?
The PE ratios of IREDA is 28.78 as of 14/7/2025.
What is the current PB ratio of IREDA ?
The PB ratios of IREDA is 3.66 as of 14/7/2025
What is the Mutual Fund shareholding in IREDA?
The Mutual Fund Shareholding in IREDA was 0.23% at the end of 14/7/2025.
How to buy IREDA shares?
You can easily buy IREDA shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.
What is the 52-week high and low of IREDA?
The 52-week high and low of IREDA share price is ₹310 and ₹137.01 as of 14/7/2025.
Please be aware that IREDA stock prices are subject to continuous fluctuations due to various factors.