IREDA Shares: IREDA Share Price on NSE/BSE
IREDA shares closed at 158.35 on Thursday trading session. Shares had increased by 0.75% throughout the day. But since morning IREDA shares are in focus today and these were purchased extensively. Indian Renewable Energy Development Agency Ltd (IREDA) shares being traded at Rs 179.75 and it has given the return of 13.51% till 2:01 PM. They have closed now for the day at Rs 176.40. The market capitalization of Indian Renewable Energy Development Agency Ltd (IREDA) shares throughout the day was Rs 42,500 crore. Bombay Stock Exchange (BSE) has alter the price of IREDA shares according to the circuit filter level which will be applicable only for April 5.
IREDA Key Highlights
The Securities and Exchange Board (SEBI) has set a circuit filter level for the individual stock of every company in the cash market which is 2 per cent, 5 per cent, 10 per cent and 20 per cent. 20 per cent is the highest circuit filter level and when any stock goes into any of these circuit filter levels, then the trading is stopped at that time when the stock reaches the participation limit.
This circuit level can also be broken if bidding starts in the opposite direction. Now the circuit filter level of IREDA shares has come up to 20 percent. Which was earlier 5 percent. Now IREDA shares can rise or fall within this circuit limit. With this, today IREDA shares have jumped up to the circuit limit of 14 percent.
This year, our Prime Minister had announced the Pradhan Mantri Suryodaya Yojana to enable 10 Lakh families to install solar rooftops and earn from it. And he also gave slogan of ‘Har Ghar Urja’.
Financial Metrices for IREDA Share
IREDA stock has starts its day from Rs 162.00. High for the day was Rs 178.90 and low for the day was Rs 161.00. Total market capitalization of the stock stands Rs 47.40TCr. PE ratio of IREDA share is 35.03 which is quite great. currently company is not providing any of dividend yield for its shareholders. Now 52-wk high of the stock is Rs 214.80 and 52-wk low is 50.00.
The IPO of IREDA Shares has come in November 2023 and was listed at Rs 49.99, a 52% premium to its issue price. IREDA had earned Rs 2,150.21 from the initial share sale.
Indian Renewable Energy Development Agency Ltd (IREDA) is a ‘MiniRatan’ public sector government company which is managerially handled by the Ministry of New and Renewable Energy (MNRE). IREDA is founded in 1987 which provides financial services to those projects which are based on the renewable sources of energy and energy productivity with the motto: “ENERGY FOR EVER”.
IREDA Share’s Comparative Analysis to its peers
| Industry Name | PE Ratio | 1-Year Return | Buy Recommendation Percentage |
| Indian Renewable Energy Development Agency (IREDA) Ltd | 36.42 | 163.92% | 0.00% |
| Indian Railway Finance Corporation (IRFC) Ltd | 29.64 | 424.64% | 0.00% |
| Power Finance Corporation (PFC) Ltd | 8.62 | 231.07% | 100.00% |
| REC Ltd | 11.17 | 302.63% | 83.33% |
| Rail Vikas Nigam Ltd (RVNL) | 38.74 | 251.00% | 0.00% |
Financial Growth History of IREDA Stock
IPO of IREDA has opened for subscription in November 2023 and it has made a great debut with the premium of 52%. That was a bumper listing for the stock. From that time till now it has given the 194% of return to its shareholders. There have been some ups and downs but overall its performance has been quite good.
Revenue of IREDA stock has grown up at a yearly rate of 13.95% as compared to the industry average revenue growth of 10.82%, market share jumped from 1.71% to 1.95% and net worth income has grown up at a yearly rate of 18.47% as compared to the industry average growth of 10.87%.
Q3 Earnings Highlights of IREDA Share
During the nine-month period ending FY24, the income got from operations amounted to Rs. 915 crores, marking a significant gain of 50% from Rs. 611 crores settled down in the same period of FY23. Similarly, for Q3 FY24, the net income got from operations reached Rs. 336 crores, showing a major gain of 67% compared to Rs. 201 crores in Q3 FY23.
Profit After Tax (PAT) for the period ending on December 31, 2023, be found amounted at Rs. 50580 crores, showing a 33% rise from Rs. 37888 crores settled down on December 31, 2022. The Loan Book showed a valuable increase, reaching Rs. 8135 crores by December 31, 2023, as compared to Rs. 5591 crores recorded on December 31, 2022, recording a notable growth of 45%.
In addition, the net-worth showed a positive trend with Gross NPAs decreasing to 2.90% as of December 31, 2023, down from 4.24% on December 31, 2022, recording a decline of 32% in percentage terms. Similarly, Net NPAs reduced to 1.52% as of December 31, 2023, from 2.03% on December 31, 2022, signifying a decrease of 25% in percentage terms.
IREDA Share Price Target for 2024
Share Price target of any share depend upon its company’s financial growth, its future plans, its position in the market, its values its investment metrices. Share price of IREDA for 2024 to be predicted as around Rs 230.00.
IREDA Share Price Target for 2025
Share price of IREDA for 2025 to be predicted as around Rs 270.00. If the market remains bullish, then this target price can go up.
IREDA Share Price Target for 2026
Share price of IREDA for 2026 to be predicted as around Rs 320.00. If the market remains in uptrends then this share price target could exceed the given estimated target.
IREDA Share Price Target for 2030
Share price of IREDA for 2030 to be predicted as around Rs 550.00. This share price target is offering an opportunity to its investors to earn good return on their investments.
IREDA share price BSE
Share price of IREDA currently traded at Rs 179.75.
IREDA share price target tomorrow
IREDA Share Price target for tomorrow could be predicted as around Rs 185.00. But before making any financial investment consult with your financial advisor.
About IREDA (Indian Renewable Energy Development Agency Ltd)
IREDA is a ‘MiniRatan’ public sector government owned company. Ministry of New and Renewable Energy (MNRE) is the legal administrator of IREDA. IREDA was established in 1987. It provides financial services which are mainly based on renewable sources and energy efficiency with the motto: “ENERGY FOR EVER”. The total revenue is generated by this company 3,482 crores INR in FY2023. Number of employees are working in this company are 174 till 2023 but now these numbers has changed.
It has various projects related to Renewable Energy sectors which are solar power, wind power, hydropower, transmission and biomass energy and others. It has also provided government schemes for Renewable Energy manufacturers and suppliers. Company also provide comprehensive financial products and services for various fund based and non-fund-based products financial services.
Vision of the IREDA Ltd is Expansion & transition of renewable energy towards accessibility, robustness & initiative of maintenance in the India.
Mission of IREDA Ltd is to become a leading institution that organize contributor’s fulfilment and become a motivation in financing and advancing self-comfort investments in producing energy from Renewable Sources.
People also ask
What is the price of IREDA share?
Indian Renewable Energy Development Agency Ltd (IREDA) shares being traded at Rs 179.75.
What is the name of IREDA NSE?
Name of IREDA is Indian Renewable Energy Development Agency Ltd.
Is IREDA a good share to buy?
Net income got from operations amounted to Rs. 915 crores, marking a significant gain of 50% from Rs. 611 crores settled down in the same period of FY23. So IREDA is a good share for investment.
Who are promoters of IREDA?
Pradeep Kumar Das, Ajay Yadav, Padam Lal, Shabdsharan N. Brahmbhatt, Jaganath C. M. are the promoters of Indian Renewable Energy Development Agency Ltd (IREDA).
Is IREDA good for long term?
IREDA has given an opportunity to its shareholders to hold for a long term. It has grown a lot in a very short time. So, with the advice of experts, you can hold this share for long term and those who have missed the opportunity of allotment can take advantage of it at every dip.
Is IREDA a government company?
Yes, IREDA is a ‘miniratan’ public sector government owned company which provide financial services to the projects related to the Renewable Energy and Energy efficiency. Its slogan is ‘Energy for Ever’.
Is IREDA overvalued or undervalued?
Yes, IREDA is showing overvalued from its average market value or from its actual value (Intrinsic Value).
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
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