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HomeSHARE MARKET₹168 Government Green Energy Share Giving Opportunity To Make Huge Money

₹168 Government Green Energy Share Giving Opportunity To Make Huge Money

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Indian Renewable Energy Dev Agency Ltd (NSE: IREDA): Indian Renewable Energy Development Agency (IREDA) A government firm in the renewable energy industry that was listed in the final month of the previous year, now giving a chance to investors to make huge return.

Following the big correction that occurred recently that this stock experienced, it has again experienced a massive increase. IREDA shares experienced the most growth, with an average of 18 percent in the last month.

The reasons for this are several factors that have led to the growth. In particular, the board has made a crucial decision about the fund. Exchanges have updated the circuit filters that apply to the stock.

In March, BSE said in an announcement that the filter circuit for IREDA has been raised from 5 to 20 percent. Today’s increase means that the market cap of IREDA has now surpassed 45,000 crore.

Reworking the circuit filters of IREDA means that the stock can climb up to 20 percent within a single trading session. However, the minimum could be reduced to 20 percent.

The circuit filtering is 20 percent, which happens to be the most in the stock market.

Strong Returns After Listing

IREDA is a state-owned company. Its IPO was first announced in November 2023. The price of this IPO was 32 rupees per share. On the initial day of December, the stock was traded at the price of Rs 57 per share.

There has been a huge increase in this stock from the time of its listing until today. The stock has been able to achieve an average price of Rs 214 per share. However, a drop in the price was evident from this price.

Expert Advice On IREDA

In a special program, a viewer wanted to know from the market analyst that, is it right time to buy IREDA share and the price he was targeting was Rs 200 to Rs 210 per share.

He also asked when the stock had reached its target price.

Expert said this stock is more attractive on technical charts when responding to this question. Support is important for 142. In this case, you should set a stop loss at this price.

Analysts said that the market will be able to stay in the stocks. However, no one can determine how long it will take to get to the price of Rs 210. A share will go up when someone buys it.

The same goes for any share. down when people decide to sell it. Nobody knows what the buyers are buying.

He has advised that if don’t need cash, you should wait to get satisfied return from this government renewable share. He advised to stay investing in IREDA shares.

About Indian Renewable Energy Dev Agency

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 Indian Renewable Energy Dev Agency

Market Cap₹ 45,503 Cr.
Current Price₹ 168.90
52-wk High₹ 214.80
52-wk Low₹ 50
Stock P/E33.54
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₹ 210
2025₹ 212₹ 280
2026₹ 310₹ 375
2027₹ 450₹ 505
2028₹ 680₹ 720
2029₹ 755₹ 810
2030₹ 1000₹ 1200
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Indian Renewable Energy Dev Agency Shareholding Pattern

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

Indian Renewable Energy Dev Agency 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
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Last 5 Years’ Debt-To-Equity Ratio:

20194.29
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%
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 Indian Renewable Energy Dev Agency 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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