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HomeSHARE MARKET₹157 Government Share Gave 10% Return In The Last 3 Days; After...

₹157 Government Share Gave 10% Return In The Last 3 Days; After 2 Months Of Decline Hit Upper Circuit

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Indian Renewable Energy Dev Agency Ltd (NSE: IREDA) Share News Today: 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.

IREDA shares are in the upper circuit today for the third consecutive day. 

Stocks had been on upper circuits on both the 1st and 2nd of April. After many changes in the company, this stock has continued to rise. 

This stock’s value has increased by over 10 percent in the last three trading days. The stock had been declining for two consecutive months before this.

IREDA was listed on the stock exchange in December of last year. The stock, which had an initial price of Rs 32 per piece was listed for Rs 57. 

This stock then managed to rise steadily and reach the top level of Rs 214.80 per share. The stock has also been declining from its upper level.

Update On Business Figures

IREDA recently released its business update for the March quarter. The figures are impressive. 

The company announced that it has sanctioned a total of Rs 37.354 crore in loans until the end of the financial year 2024. 

This is the largest loan sanction ever. The company issued loans totaling Rs 32,587 crore last year. It has grown by 14.6 percent on an annual basis.

IREDA issued loans totaling Rs 23,796 crores in the quarter ending March. On an annual basis, it has grown by 101.7 percent. This figure was Rs 11,797 in the same quarter last year.

The Board Made A Major Decision

The company also announced that it had approved Rs 24,200 crores for the core borrowing during the financial year of 2024-25. 

This document provides information on the borrowing of funds through bonds, commercial paper, term loans, and external commercial borrowing. 

The company provided this information in its regulatory filing.

About IREDA

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₹ 42,252 Cr.
Current Price₹ 157.20
52-wk High₹ 214.80
52-wk Low₹ 50
Stock P/E31.22
Book Value
Dividend0.00 %
ROCE8.17 %
ROE15.4 %
Face Value₹ 10.0
P/B Value
OPM93.4 %
EPS₹ 3.78
Debt₹ 40,165 Cr.
Debt to Equity6.77

IREDA Shareholding Pattern

Promoters Holding
Dec 202375.00%
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FII Holding
Dec 20231.88%
DII Holding
Dec 20234.37%
Public Holding
Dec202218.75%
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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:

20194.29
20208.61
20217.8
20223.37
20236.77
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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 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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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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