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Indian Renewable Energy Development Agency Ltd

IREDA
FinancialsSpecialized Finance
MidcapWith a market cap of ₹42,265 cr, stock is ranked 183
High RiskStock is 8.91x as volatile as Nifty
157.257.20 (+4.80%)

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Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

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FinancialsSpecialized Finance
MidcapWith a market cap of ₹42,265 cr, stock is ranked 183
High RiskStock is 8.91x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
36.17
PB RatioPB Ratio
7.12
Dividend YieldDiv. Yield
Sector PESector PE
20.60
Sector PBSector PB
2.79
Sector Div YldSctr Div Yld
0.84%

Forecast & RatingsDetailed Forecast 

0%

Analysts have suggested that investors can buy this stock

Price

Price Upside

Pro Only

Earnings

Earnings Growth

Pro Only

Revenue

Rev. Growth

Pro Only

See Detailed Forecast

Company Profile

Indian Renewable Energy Development Agency Limited is an India-based systemically important non-deposit taking non-banking financial (NBFC-ND-SI) company. The Company is engaged in promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation projects. The Company provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for renewable energy projects and other value chain activities, such as equipment manufacturing and transmission. It has financed projects across multiple RE sectors, such as solar power, wind power, hydro power, transmission, and biomass, among others. It also offers a comprehensive suite of financial products and services including various fund-based and non-fund-based products. In addition, it provides loans to government entities and also provide financing schemes for RE suppliers, manufacturers, and contractors.

Financial TrendFinancial statements 

20202021202220232.372.662.873.480.210.350.630.86
Revenue
Profit
All values in ₹ Thousand cr.
See financial statements

Holdings TrendDetailed holdings 

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

See detailed holdings

Recent NewsAll news 

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Recent EventsAll events 

Credit Rating 
Announced OnFeb 23, 2024

Indian Renewable Energy Development Agency Limited has informed the Exchange about Credit Rating | Download

Indian Renewable Energy Development Agency Limited has informed the Exchange about Credit Rating | Download

Press Release 
Announced OnFeb 20, 2024

Indian Renewable Energy Development Agency Limited has informed the Exchange regarding a press release dated February 20, 2024, titled "IREDA Unveils Vision for Retail Division, Elevating Rooftop Solar". | Download

Indian Renewable Energy Development Agency Limited has informed the Exchange regarding a press release dated February 20, 2024, titled "IREDA Unveils Vision for Retail Division, Elevating Rooftop Solar". | Download

Press Release 
Announced OnFeb 19, 2024

Indian Renewable Energy Development Agency Limited has informed the Exchange regarding a press release dated February 19, 2024, titled "Signing of MoU with Punjab National Bank for Co-Financing Green Energy Projects". | Download

Indian Renewable Energy Development Agency Limited has informed the Exchange regarding a press release dated February 19, 2024, titled "Signing of MoU with Punjab National Bank for Co-Financing Green Energy Projects". | Download

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