Indian Renewable Energy Development Agency Ltd (IREDA)
₹99.50
Mkt cap
₹27,952 Cr
P/E ratio
14.20
P/B
1.95
Div yield
1.36%
ROE
15.60%
ROCE
8.69%
EPS (TTM)
₹7.01
Book value
₹51
52W range
99–157
Sector
Financial Services
Price history
Previous close
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 544026
Health check
Cautious
ValuationFair
ProfitabilityWeak
TechnicalsBearish
52-week range
−36.52% from high₹100
₹99+0.73% from low₹157
Current
₹99.50
Prev close
₹101.20
Day
−1.68%
Price performance
1D
−1.68%
1W
−0.77%
1M
−10.36%
3M
−17.00%
6M
−27.48%
1Y
−35.20%
YTD
−32.15%
Financials
Revenue, profit & margin
P/E ratio
14.2×
IREDA is 4% above the sector median of 13.6×
IREDA14.2×
Sector median13.6×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,177 | 1,253 | 1,391 | 1,510 | 1,630 | 1,698 | 1,904 | 1,947 | 2,057 | 2,130 | 2,175 | 2,248 | 2,344 | |
| Interest | 793 | 760 | 847 | 975 | 1,030 | 1,032 | 1,104 | 1,218 | 1,213 | 1,233 | 1,241 | 1,341 | 1,376 | |
| Expenses | -3 | 99 | 56 | 51 | 131 | 119 | 170 | 427 | 138 | 179 | 308 | 486 | 251 | |
| Financing Profit | 387 | 394 | 488 | 484 | 469 | 548 | 630 | 302 | 706 | 718 | 626 | 422 | 716 | |
| Financing Margin % | 33% | 31% | 35% | 32% | 29% | 32% | 33% | 16% | 34% | 34% | 29% | 19% | 31% | |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 11 | 12 | 1 | 10 | 6 | 1 | 1 | |
| Depreciation | 7 | 8 | 9 | 9 | 9 | 10 | 11 | 10 | 10 | 11 | 13 | 10 | 10 | |
| Profit before tax | 380 | 386 | 480 | 476 | 460 | 538 | 630 | 305 | 696 | 717 | 619 | 413 | 707 | |
| Tax % | 25% | 13% | 30% | 19% | 16% | 21% | 20% | 19% | 21% | 18% | 20% | 18% | 22% | |
| Net Profit | 285 | 336 | 337 | 384 | 388 | 425 | 502 | 247 | 549 | 585 | 493 | 338 | 554 | |
| EPS in Rs | 1.25 | 1.25 | 1.26 | 1.43 | 1.44 | 1.58 | 1.87 | 0.88 | 1.95 | 2.08 | 1.75 | 1.20 | 1.97 | |
| Gross NPA % | 3.13% | 2.90% | 2.19% | 2.19% | 2.68% | 2.45% | 4.13% | 3.97% | 3.75% | 3.49% | 3.76% | |||
| Net NPA % | 1.65% | 1.52% | 0.95% | 1.04% | 1.50% | 1.35% | 2.06% | 1.97% | 1.68% | 1.29% | 1.22% | |||
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.10% · closed higher next day 5 of last 12
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 20 Jan '24◦ | 19 Apr '24◦ | 15 Jul '24 | 10 Oct '24◦ | 9 Jan '25◦ | 15 Apr '25◦ | 10 Jul '25◦ | 14 Oct '25 | 9 Jan '26◦ | 29 May '26◦ | 3 Aug '26◦ | 19 Oct '26◦ |
| Earnings day | +3.49% | +6.10% | +1.90% | −2.17% | −6.91% | +5.64% | −5.68% | +2.97% | +3.58% | −5.24% | −2.15% | −2.76% |
| +1 day | +8.67% | +4.51% | −4.28% | −5.22% | −7.50% | +3.85% | −6.27% | +3.21% | +2.47% | −6.24% | −1.87% | −3.69% |
| +5 days | +22.14% | +12.88% | −9.01% | −7.51% | −4.16% | +4.89% | −7.22% | +2.31% | −4.88% | −9.82% | −3.50% | −5.58% |
| +15 days | +13.30% | +7.75% | −17.00% | −12.11% | −6.47% | −6.29% | −14.12% | −0.47% | −3.55% | −1.80% | −1.94% | — |
| +30 days | −4.77% | +4.20% | −10.66% | −15.62% | −19.59% | +4.64% | −12.93% | −4.78% | −8.14% | −8.38% | −11.87% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202671.76%Promoter
Promoters71.76%
FIIs2.57%0.09
DIIs2.52%0.13
Public23.14%0.21
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Power Fin.Corpn. | ₹313.60 | 3.97 | 1,03,491 | 5.92% | 8,998 | +2.12% | 28,527 | −0.04% | 9.71% |
| I R F C | ₹73.37 | 13.01 | 95,884 | 2.86% | 1,958 | +10.21% | 7,866 | +23.45% | 5.64% |
| REC Ltd | ₹285.60 | 4.98 | 75,205 | 6.50% | 3,478 | −21.23% | 15,000 | −1.00% | 9.71% |
| H U D C O | ₹143.07 | 6.73 | 28,641 | 4.23% | 851 | +35.05% | 3,717 | +26.55% | 8.41% |
| Indian Renewable | ₹99.50 | 14.19 | 27,952 | 1.36% | 554 | +0.96% | 2,344 | +13.94% | 8.69% |
| IFCI | ₹54.67 | 82.13 | 14,730 | 0.00% | 60 | −17.40% | 327 | −19.68% | 4.90% |
| Tour. Fin. Corp. | ₹157.92 | 47.44 | 7,311 | 0.38% | 61 | +100.29% | 81 | +27.17% | 11.13% |
| Median: 8 Co. | ₹121.28 | 13.60 | 28,297 | 2.11% | 703 | +1.54% | 3,030 | +13.94% | 8.55% |
Filings
Annual reports3
Concall transcripts14
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Change in Directorate 30 Oct - Shri Jatin Kumar Nayak appointed IREDA CMD effective October 30, 2026; Dr. Bijay Kumar Mohanty ceases additional charge.Consolidated Financial Statements For Half Year Ended 30092026 19 Oct - Auditors gave unmodified opinion on IREDA’s consolidated H1 FY2026 statements; noted ₹386.76 crore NPA classification.Standalone Financial Statements For Half Year Ended 30092026 19 Oct - Audited standalone interim results for H1 FY2026; profit Rs 891.75 crore, total income Rs 4,594.29 crore.Announcement under Regulation 30 (LODR)-Investor Presentation 19 OctBoard Meeting Outcome for Outcome Of The Board Meeting Held On 19.10.2026 19 Oct - IREDA approved Q2/H1 FY27 audited results; profit ₹554.26 crore, plus three fraud cases of ₹672.74 crore.