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HomeSHARE MARKET₹149 Government Green Energy Share; Positive Update; Strong Growth Signal In Share

₹149 Government Green Energy Share; Positive Update; Strong Growth Signal In Share

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Indian Renewable Energy Development Agency Ltd (NSE: IREDA) Share Price: 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.

The board of directors of government company IREDA has approved the proposal to raise Rs 24,200 crore in the financial year 2024-25.

In a stock exchange regulatory filing, the company said IREDA will raise funds by raising various bonds, sustainable debt instruments, term loans, commercial paper, and external commercial loans.

On Tuesday April 2, the share of IREDA was closed at Rs 149.75 with 4.98% increase and hit an upper circuit.

The Ministry of Renewable Energy, Government of India, transferred the additional charge of Director of the Technical Department of the Company to Vijay Kumar Mohanty, Director of the Finance Department of IREDA Company for the next six months from March 5, 2024. 

Earlier, IREDA Chairman and Managing Director Pradeep Kumar Das had held the additional charge of Director, Technical Department of IREDA till March 4, 2024.

IREDA shares ended with a loss of 0.18 percent during the trading session.

IREDA Company’s stock had a 52-week high of Rs 214.80. The low price level was Rs 50. In the last year, IREDA shares have given a return of 149 percent to its investors.

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₹ 40,249 Cr.
Current Price₹ 149.75
52-wk High₹ 215 
52-wk Low₹ 50.0
Stock P/E46.6
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 Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 128₹ 186
2025₹ 212₹ 280
2026₹ 310₹ 375
2027₹ 450₹ 505
2028₹ 680₹ 720
2029₹ 755₹ 810
2030₹ 1000₹ 1200
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IREDA Shareholding Pattern

Promoters Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 202375.00%
FII Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 20231.88%
DII Holding
Dec 2022
Mar 2023
June 2023
Sept 2023
Dec 20234.37%
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Public Holding
Dec 2022—-
Mar 2023
June 2023
Sept 2023
Dec 202318.75%

IREDA Share: Last 5 Years’ Financial Condition

To better understand 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
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Last 5 Years’ Debt-To-Equity Ratio:

20194.92
20208.61
20217.8
20223.37
20236.77

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%
Last Year:15%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:14%
Current Year:22%

Conclusion

This article is a complete guide about the IREDA Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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