The Indian government owns and runs IREDA, which was established in 1987 and is managed by the ministry of new and renewable energy. By facilitating the expansion of renewable energy configuration, the organization hopes to significantly contribute to the sustainable development of the nation. Through tailored financial products, technical assistance, and the dissemination of knowledge, IREDA is actively involved in financing and encouraging the renewable energy sector.
IREDA Share Price Target 2024-2030
Under MNRE’s direction, Indian Renewable Energy Development Agency Ltd. was established as a government-owned alternate energy project. In addition, the company has been designated a public financial institution and holds a non-deposit-taking NBFC license from the Reserve Bank of India (RBI). This company’s mission is to financially support projects that promote energy efficiency and conservation while also supporting, developing, and commercializing new renewable energy sources.
IREDA Share Price Target Today Update
The Indian Renewable Energy Development Agency (IREDA), India’s largest public enterprise in this field, is a non-profit organization that supports and finances a variety of renewable energy projects. Its mission is to facilitate easy access to a variety of renewable energy sources so that the country can move toward sustainable development. IREDA provides technical assistance in the form of capacity building programs and research support, among other things.
What is IREDA Ltd?
The Indian Renewable Energy Development Agency Ltd. is owned by the Indian government. In India, the non-banking financial agency IREDA provides funding for projects and initiatives related to energy efficiency and renewable energy. The organization plays a crucial role in constructing and promoting the nation’s renewable energy infrastructure by providing a variety of financing options to developers and promoters of renewable energy projects.
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IREDA Business Profile
The company is the largest “pure-play” NBFC in the nation. It offers a comprehensive selection of financial products and related services, including everything from project creation to post-work completion for Renewable Energy (RE) projects and other value chain projects like appliance fabrication and transportation.
Projects: Solar energy, wind energy, hydroelectricity, transference, biomass (including bagasse) and generating electricity in industrial units called co-generation, transformation of waste into energy, production of ethanol, compressed biogas, hybrid renewable energy sources (RE), energy-efficient buildings (EEC), and environmentally friendly transportation systems are just a few examples of the money-making projects undertaken by IREDA.
Loan Book: IREDA will have a diverse loan book worth Rs. 600 billion for the fiscal year 2024. 75% of its total loans are currently owned by private sector entities, representing an increase of 27% over FY23. Sanctions totaling Rs.37,353.68 Cr and allocations totaling Rs.25,089.04 Cr were found to have increased by 14.63% and 15.94%, respectively, in FY24 compared to loan sanctions totaling Rs.32,586.60 Cr and distributions totaling Rs.21,639.21 Cr in FY23.
Borrowing: The total amount of outstanding borrowings as of FY24 is Rs. 49,687 crore. Eighty-one percent of the borrowings were domestic, while 19 percent were foreign. The increase in borrowings amounts to Rs. 16,401 crore for the fiscal year 2024. Of these, approximately 98% are domestic.
IREDA Fundamentals & Quarterly Results
| Market Cap | ₹ 64,574 Cr. |
| Current Price | ₹ 240 |
| High / Low | ₹ 310 / 50.0 |
| Stock P/E | 48.1 |
| Book Value | ₹ 31.8 |
| Dividend Yield | 0.00 % |
| ROCE | 9.30 % |
| ROE | 17.3 % |
| Face Value | ₹ 10.0 |
| FCF Previous Annual | ₹ -12,360 Cr. |
| Debt to Equity | 5.80 |
| Debt Preceding Year | ₹ 40,165 Cr. |
| Reserves | ₹ 5,872 Cr. |
| Quick Ratio | 0.71 |
| Current Ratio | 0.71 |
| Free Cash Flow | ₹ -11,123 Cr. |
IREDA Quarterly Results
| Metric | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| Revenue (₹ Cr) | 869 | 1,036 | 1,143 | 1,177 | 1,253 | 1,391 | 1,510 |
| Interest (₹ Cr) | 524 | 638 | 764 | 793 | 760 | 847 | 975 |
| Expenses + (₹ Cr) | 105 | 104 | -66 | -3 | 99 | 56 | 51 |
| Financing Profit (₹ Cr) | 240 | 294 | 445 | 387 | 394 | 488 | 484 |
| Financing Margin % | 28% | 28% | 39% | 33% | 31% | 35% | 32% |
| Other Income + (₹ Cr) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation (₹ Cr) | 6 | 6 | 6 | 7 | 8 | 9 | 9 |
| Profit before tax (₹ Cr) | 235 | 288 | 440 | 380 | 386 | 480 | 476 |
| Tax % | 14% | 12% | 33% | 25% | 13% | 30% | 19% |
| Net Profit + (₹ Cr) | 201 | 254 | 295 | 285 | 336 | 337 | 384 |
| EPS in Rs | 0.88 | 1.11 | 1.29 | 1.25 | 1.25 | 1.26 | 1.43 |
| Gross NPA % | 4.24% | 3.21% | 3.08% | 3.13% | 2.19% | ||
| Net NPA % | 2.03% | 1.66% | 1.61% | 1.65% | 0.95% |
CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM / Last Year |
| Compounded Sales Growth | % | 20% | 23% | 43% |
| Compounded Profit Growth | % | 34% | 53% | 45% |
| Stock Price CAGR | % | % | % | % |
| Return on Equity | % | 15% | 16% | 17% |
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IREDA Shareholding Pattern
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
| Promoters | 75.00% | 75.00% | 75.00% |
| FIIs | 1.88% | 1.36% | 2.70% |
| DIIs | 4.37% | 0.94% | 0.42% |
| Public | 18.75% | 22.70% | 21.87% |
| No. of Shareholders | 13,67,953 | 21,47,272 | 22,43,293 |
IREDA Share Price Target 2024-2030 Forecast
| Year | Target |
| 2024 | ₹272 |
| 2025 | ₹292 |
| 2026 | ₹253 |
| 2027 | ₹314 |
| 2028 | ₹380 |
| 2029 | ₹400 |
| 2030 | ₹543 |
IREDA Share Price Target 2025
| IREDA Share Price Target | Target |
| January | ₹245 |
| February | ₹186 |
| March | ₹221 |
| April | ₹200 |
| May | ₹179 |
| June | ₹228 |
| July | ₹243 |
| August | ₹252 |
| September | ₹233 |
| October | ₹261 |
| November | ₹276 |
| December | ₹292 |
IREDA Share Price Target 2026
| Month | Target |
| January | ₹283 |
| February | ₹234 |
| March | ₹218 |
| April | ₹226 |
| May | ₹243 |
| June | ₹262 |
| July | ₹287 |
| August | ₹274 |
| September | ₹295 |
| October | ₹268 |
| November | ₹258 |
| December | ₹253 |
IREDA Share Price Target 2027
| Month | Target |
| January | ₹267 |
| February | ₹284 |
| March | ₹296 |
| April | ₹305 |
| May | ₹256 |
| June | ₹273 |
| July | ₹287 |
| August | ₹311 |
| September | ₹328 |
| October | ₹342 |
| November | ₹327 |
| December | ₹314 |
IREDA Share Price Target 2028
| Month | Target |
| January | ₹301 |
| February | ₹322 |
| March | ₹287 |
| April | ₹304 |
| May | ₹328 |
| June | ₹353 |
| July | ₹364 |
| August | ₹336 |
| September | ₹357 |
| October | ₹365 |
| November | ₹376 |
| December | ₹380 |
IREDA Share Price Target 2029
| Month | Target |
| January | ₹385 |
| February | ₹375 |
| March | ₹379 |
| April | ₹383 |
| May | ₹389 |
| June | ₹391 |
| July | ₹395 |
| August | ₹388 |
| September | ₹381 |
| October | ₹389 |
| November | ₹392 |
| December | ₹400 |
IREDA Share Price Target 2030
| Month | Target |
| January | ₹414 |
| February | ₹435 |
| March | ₹456 |
| April | ₹473 |
| May | ₹489 |
| June | ₹516 |
| July | ₹532 |
| August | ₹558 |
| September | ₹571 |
| October | ₹554 |
| November | ₹532 |
| December | ₹543 |
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IREDA Strategic Importance & Future Potential
The function of IREDA is becoming increasingly significant in light of commitments made both domestically and internationally to reducing carbon emissions and advancing renewable energy sources.
Price Goals for IREDA Shares in 2030 and 2040 IREDA is well-positioned to play a significant role in achieving India’s green energy goals because of its unique role. Through ongoing strategic engagements and financial options that are tailored to the requirements of the sector, IREDA encourages India’s transition to a future of sustainable energy.
IREDA Key Roles & Functions
- Project Financing: For projects involving renewable energy and energy efficiency, IREDA offers term loans. These projects fall into a variety of categories, including hydro, biomass, wind, solar, and more.
- Consultancy Services: IREDA offers consulting services for project identification, technical evaluation, and financial structuring in addition to financing.
- Developmental Role: In addition to providing financing, IREDA also contributes to development by raising stakeholder awareness of renewable energy safety practices.
- Policy Advocacy: IREDA provides the government with policy and regulatory advice to create a favorable environment for investments in renewable energy based on its in-depth insights.
Final Words
IREDA, the Indian Renewable Energy Development Agency Limited We also saw positive returns from IREDA’s initial public offering. Over the past few years, IREDA’s financial performance has also improved. On the other hand, having a lot of debt can be a red flag. Nonetheless, you should conduct research and consult an expert prior to investing in IREDA. The IREDA target price listed above is only a guide. We do not offer purchasing or selling recommendations. IREDA Stocks’ target prices are subject to change at any time based on market conditions.
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