Join WhatsApp Group

IREDA Share Price Target 2024, 2025, 2026, and 2030 

IREDA, the Indian Renewable Energy Development Agency, stands as a key player in the public sector dedicated to fostering and funding various renewable energy projects across India. Established in 1987, it is government-owned and overseen by the Ministry of New and Renewable Energy. The agency’s primary goal is to significantly contribute to the nation’s sustainable development by facilitating the growth of renewable energy infrastructure. IREDA actively engages in financing initiatives and promoting the renewable energy sector through tailored financial products, technical support, and knowledge dissemination. Its steadfast commitment to advancing sustainable and clean energy solutions has positioned it as a central institution in India’s renewable energy landscape.

Company Essentials

Market Cap₹ 48,608 Cr.
Current Price₹ 181
High / Low₹ 215 / ₹ 50.0
Stock P/E38.8
Book Value₹ 31.8
Dividend Yield0.00%
Face Value₹ 10.0
PAT Qtr₹ 337 Cr.
Qtr Sales Var34.3%
Qtr Profit Var33.0%
Debt to equity5.80
Promoter holding75.0%
Debt₹ 49,687 Cr.
Sales growth42.6%
Profit growth44.9%
Price to Sales9.79
EPS₹ 4.66
Profit Var 3Yrs53.5%
Sales growth 3Years23.2%
Profit Var 5Yrs33.9%
Sales growth 5Years19.7%


  • Company has delivered good profit growth of 33.9% CAGR over last 5 years


  • Stock is trading at 5.68 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Peer comparison

S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %
1.I R F C173.6035.38226869.260.861717.3233.626473.564.515.73
2.Power Fin. Corpn.483.558.08159576.422.277556.4320.2624141.4020.349.85
3.REC Ltd496.809.25130818.572.544079.0933.0712677.1823.7610.05
4.Indian Renewable180.8538.8048608.220.00337.3833.031391.2534.299.30
6.Tour. Fin. Corp.173.4017.621605.611.3820.40-18.0457.62-4.0310.49
7.Guj. State Fin.26.77238.550.00-29.573.330.621140.00
Compounded Sales Growth
10 Years:%
5 Years:20%
3 Years:23%
Compounded Profit Growth
10 Years:%
5 Years:34%
3 Years:53%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:15%
3 Years:16%
Last Year:17%

Shareholding Pattern

HoldingsDec 2023Mar 2024
Promoters +75.00%75.00%
FIIs +1.88%1.36%
DIIs +4.37%0.94%
Public +18.75%22.70%

IREDA Share Price Target 2024, 2025, 2026, 2030

  • Do your own research: Before investing in Adani Power, it is important to do your own research and understand the company’s financial performance and its prospects for the future.
  • Don’t invest more than you can afford to lose: The stock market is volatile and there are no guarantees. Don’t invest more money in Adani Power than you can afford to lose.

Disclaimer : Dear valued viewers, I would like to remind you that I am not authorized by SEBI (Securities and Exchange Board of India) to provide any financial advice or recommendations. The information and updates shared on this website are intended for educational and informational purposes only and should not be construed as investment advice, stock recommendations, or financial guidance. As much as I would love to, I cannot be held responsible for any financial losses that you may incur based on the information shared on this website. However, I am here to share timely updates on the stock market, cryptocurrencies, and financial products with a human touch, in the hope of helping you make informed investment decisions

Sharing Is Caring:

MoneyMaker पर Share Market और Business Ideas से संबंधित जानकारियां प्रदान की जाती हैं। साथ ही रोजाना शेयर बाजार और बिजनेस में आने वाले उतार चढ़ाव के बारे में भी Update दी जाती है। अतः रोजाना Update पाने के लिए MoneyMaker के WhatsApp Group का हिस्सा बनें।

Leave a Comment