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Indian Renewable Energy Development Agency Ltd

IREDA
FinancialsSpecialized Finance
MidcapWith a market cap of ₹51,103 cr, stock is ranked 172
High RiskStock is 4.92x as volatile as Nifty
184.585.57 (-2.93%)

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Scorecard

Performance

Avg

Price return has been average, nothing exciting

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

Avg

The stock has a moderate number of red flags

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FinancialsSpecialized Finance
MidcapWith a market cap of ₹51,103 cr, stock is ranked 172
High RiskStock is 4.92x as volatile as Nifty

Key MetricsEdit

No LabelNo Label
35.38
PB RatioPB Ratio
5.97
Dividend YieldDiv. Yield
Sector PESector PE
17.34
Sector PBSector PB
2.41
Sector Div YldSctr Div Yld
1.00%

Forecast & RatingsDetailed Forecast 

50%

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 

20212022202320242.662.873.484.970.350.630.861.25
Revenue
Profit
All values in ₹ Thousand cr.
See financial statements

Holdings TrendDetailed holdings 

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent NewsAll news 

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Recent EventsAll events 

Certificate under SEBI (Depositories and Participants) Regulations, 2018 
Announced OnOct 11, 2024

Certificate under Reg 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended September 2024 | Download

Certificate under Reg 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended September 2024 | Download

Copy of Newspaper Publication 
Announced OnOct 11, 2024

Indian Renewable Energy Development Agency Limited has informed the Exchange about Copy of Newspaper Publication | Download

Indian Renewable Energy Development Agency Limited has informed the Exchange about Copy of Newspaper Publication | Download

General Updates 
Announced OnOct 10, 2024

Approval for setting up of a wholly owned subsidiary company by IREDA in Retail business | Download

Approval for setting up of a wholly owned subsidiary company by IREDA in Retail business | Download

See all events