Avsar.

Financial Services · Financial Institution

Indian Renewable Energy Development Agency Ltd (IREDA)

₹120.48

Mkt cap
₹33,846 Cr
P/E ratio
18.10
P/B
2.45
Div yield
0.50%
ROE
15.60%
ROCE
8.69%
EPS (TTM)
₹6.66
Book value
₹49
52W range
109–161
Sector
Financial Services

Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI. The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The Ministry of New and Renewable Energy, Government of India has given IREDA the 'Navaratna Status. RBI classified company as “Infrastructure Finance Company”. [1] [2]

NSE IREDABSE 544026www.ireda.in
Health check
Cautious
ValuationFair
ProfitabilityWeak
TechnicalsBearish
52-week range
−25.11% from high
₹120
₹109+10.55% from low₹161
Current
₹120.48
Prev close
₹120.20
Day
+0.23%
Price performance
1D
+0.23%
1W
−1.11%
1M
−5.48%
3M
−11.34%
6M
−7.28%
1Y
−24.34%
YTD
−17.84%

Financials

F
Revenue, profit & margin
P/E ratio
18.1×
IREDA is 5% above the sector median of 17.2×
IREDA18.1×
Sector median17.2×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Revenue1,0361,1431,1771,2531,3911,5101,6301,6981,9041,9472,0572,1302,175
Interest6387647937608479751,0301,0321,1041,2181,2131,2331,241
Expenses104-66-3995651131119170427138179308
Financing Profit294445387394488484469548630302706718626
Financing Margin %28%39%33%31%35%32%29%32%33%16%34%34%29%
Other Income0000001111121106
Depreciation6678999101110101113
Profit before tax288440380386480476460538630305696717619
Tax %12%33%25%13%30%19%16%21%20%19%21%18%20%
Net Profit254295285336337384388425502247549585493
EPS in Rs1.111.291.251.251.261.431.441.581.870.881.952.081.75
Gross NPA %3.21%3.08%3.13%2.90%2.19%2.19%2.68%2.45%4.13%3.97%3.75%3.49%
Net NPA %1.66%1.61%1.65%1.52%0.95%1.04%1.50%1.35%2.06%1.97%1.68%1.29%
Raw PDF

Earnings

EResults dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move +0.37% · closed higher next day 5 of last 10
 Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26
Broadcast20 Jan '24◦19 Apr '24◦15 Jul '2410 Oct '24◦9 Jan '25◦15 Apr '25◦10 Jul '25◦14 Oct '259 Jan '26◦29 May '26◦
Earnings day+3.49%+6.10%+1.90%−2.17%−6.91%+5.64%−5.68%+2.97%+3.58%−5.24%
+1 day+8.67%+4.51%−4.28%−5.22%−7.50%+3.85%−6.27%+3.21%+2.47%−6.24%
+5 days+22.14%+12.88%−9.01%−7.51%−4.16%+4.89%−7.22%+2.31%−4.88%−9.82%
+15 days+13.30%+7.75%−17.00%−12.11%−6.47%−6.29%−14.12%−0.47%−3.55%−1.80%
+30 days−4.77%+4.20%−10.66%−15.62%−19.59%+4.64%−12.93%−4.78%−8.14%−8.38%
FilingXBRLXBRLXBRLXBRLXBRLPDFPDFXBRLXBRLXBRL

Corporate actions

CLast 6 months
KindValueEx-dateRecord
dividend
Interim Dividend - Re 0.60 Per Share
—2 Apr '262 Apr '26

Shareholding

Sas of Jun 2026
71.76%Promoter
Promoters71.76%
FIIs2.48%0.34
DIIs2.39%0.05
Public23.35%0.30
Ownership trend

Peers

P7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Power Fin.Corpn.₹411.905.251,35,9314.50%8,598+10.81%28,920−1.18%9.71%
I R F C₹87.6216.341,14,5062.40%1,684+0.15%7,336+9.11%5.64%
REC Ltd₹361.605.9395,2174.98%4,193−6.11%14,435−2.05%9.71%
H U D C O₹195.549.7039,1452.33%1,981+172.26%3,563+25.23%8.41%
Indian Renewable₹120.4818.0733,8460.50%493−1.80%2,175+14.22%8.69%
IFCI₹70.12102.3618,8930.00%34−93.52%470+13.74%5.03%
Tour. Fin. Corp.₹87.2726.224,0400.69%61+100.29%81+27.17%11.13%
Median: 8 Co.₹104.0517.2036,4951.51%1,089−0.83%2,869+13.98%8.55%

Filings

D
Annual reports2
Financial Year 2025nseFinancial Year 2024nse
Concall transcripts12
PPTMay 2026PPTJan 2026PPTNov 2025PPTOct 2025PPTJul 2025PPTJul 2025PPTApr 2025PPTJan 2025PPTOct 2024PPTJul 2024PPTApr 2024PPTJan 2024
Credit ratings6
Rating update 16 ApricraRating update 14 AprfitchRating update 19 FebbrickworkRating update 28 Aug 2025smeraRating update 31 Jul 2025smeraRating update 17 Apr 2025icra
Announcements5
Announcement under Regulation 30 (LODR)-Change in Directorate 10h - IREDA appointed Shri J.V.N. Subramanyam as Government Nominee Director effective 24 July 2026.Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 1d - MNRE appoints Shri J.V.N Subramanyam as IREDA Government Nominee Director, effective immediately.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jul - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30.06.2026Declaration Of Fraud To M/S Gensol Engineering Limited And M/S Gensol EV Lease Limited, (Subsidiary Of M/S Gensol Engineering Limited) 10 Jul - Declared Gensol Engineering and Gensol EV Lease accounts as fraud; Rs 453.77 crore and Rs 218.97 crore outstanding.Declaration Of Fraud To M/S Gensol Engineering Limited And M/S Gensol EV Lease Limited, (Subsidiary Of M/S Gensol Engineering Limited) 10 Jul - IREDA declared Gensol Engineering and Gensol EV Lease fraud; outstanding exposure Rs 672.74 crore.