Indian Renewable Energy Development Agency Ltd. (IN:IREDA)
:IREDA
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Indian Renewable Energy Development Agency Ltd.
(IREDA)
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Rating:62Neutral
Price Target:
₹122.00
▲(6.13% Upside)
Action:ReiteratedDate:11/01/25
The overall stock score of 62 reflects strong profitability and revenue growth, offset by high leverage and negative cash flows. Technical indicators suggest a neutral trend, and the valuation is moderate. The absence of earnings call and corporate events data limits additional insights.
Positive Factors
Strong revenue growth
Revenue growth of ~29.5% indicates rapid expansion of the lending book and stronger interest income generation. With India’s continued renewable capacity additions and project pipeline, sustained double‑digit lending growth supports recurring interest revenue and scale advantages over the next several months.
Negative Factors
High leverage
A high debt‑to‑equity ratio implies significant leverage that reduces financial flexibility. Leverage magnifies refinancing and interest‑rate risks, increases interest expense sensitivity, and can force slower balance sheet growth or higher capital costs if market conditions worsen in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Revenue growth of ~29.5% indicates rapid expansion of the lending book and stronger interest income generation. With India’s continued renewable capacity additions and project pipeline, sustained double‑digit lending growth supports recurring interest revenue and scale advantages over the next several months.
Read all positive factors
Indian Renewable Energy Development Agency Ltd. (IREDA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹322.78B
Dividend YieldN/A
Average Volume (3M)892.38K
Price to Earnings (P/E)16.8
Beta (1Y)1.96
Revenue Growth33.44%
EPS Growth17.49%
CountryIN
Employees160
SectorEnergy
Sector Strength52
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)2.00
Shares Outstanding2,809,231,200
10 Day Avg. Volume847,756
30 Day Avg. Volume892,382
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)4.21
Price to Sales (P/S)6.52
P/FCF Ratio-2.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹180.00Price Target Upside56.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)8.3
Revenue Forecast (FY)₹42.00B
Indian Renewable Energy Development Agency Ltd. Business Overview & Revenue Model
Company Description
Indian Renewable Energy Development Agency Limited, a non-banking financial company, provides financial products and services in the renewable energy and energy efficiency sectors in India. It operates in two segments, Financing and Generation. Th...
How the Company Makes Money
IREDA makes money primarily as a lender. Its core revenue comes from interest income earned on loans and other credit facilities it extends to renewable energy and energy efficiency projects; the spread between its yield on advances and its cost o...
Indian Renewable Energy Development Agency Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.08B | 66.19B | 48.38B | 33.43B | 27.80B | 25.56B |
| Gross Profit | 59.00B | 43.10B | 27.52B | 21.01B | 20.26B | 18.48B |
| EBITDA | 55.72B | 40.39B | 28.51B | 20.61B | 17.38B | 14.92B |
| Net Income | 17.23B | 16.98B | 12.52B | 8.65B | 6.34B | 3.46B |
Balance Sheet | ||||||
| Total Assets | 877.94B | 797.35B | 626.00B | 504.47B | 367.08B | 302.93B |
| Cash, Cash Equivalents and Short-Term Investments | 10.01B | 11.24B | 6.88B | 9.12B | 5.27B | 6.03B |
| Total Debt | 699.39B | 647.40B | 506.91B | 401.70B | 276.18B | 233.56B |
| Total Liabilities | 748.74B | 694.68B | 540.41B | 445.12B | 314.40B | 272.98B |
| Stockholders Equity | 129.20B | 102.67B | 85.59B | 59.35B | 52.68B | 29.96B |
Cash Flow | ||||||
| Free Cash Flow | 17.08B | -144.85B | -111.23B | 11.93B | 8.78B | 7.34B |
| Operating Cash Flow | 17.16B | -144.60B | -111.00B | 12.11B | 8.86B | 7.36B |
| Investing Cash Flow | -83.54B | -5.18B | -231.62M | -172.09M | -62.34B | -41.50B |
| Financing Cash Flow | 69.40B | 149.60B | 110.59B | 123.68B | 52.71B | 24.41B |
Indian Renewable Energy Development Agency Ltd. Technical Analysis
Negative
114.95
Price Trends
122.76
Negative
131.81
Negative
142.98
Negative
Market Momentum
-2.71
Negative
45.98
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IREDA, the sentiment is Negative. The current price of 114.95 is below the 20-day moving average (MA) of 115.17, below the 50-day MA of 122.76, and below the 200-day MA of 142.98, indicating a bearish trend. The MACD of -2.71 indicates Negative momentum. The RSI at 45.98 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IREDA.
Indian Renewable Energy Development Agency Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹415.71B | 24.14 | ― | 0.11% | 39.18% | 112.25% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ₹322.78B | 16.79 | ― | ― | 33.44% | 17.49% | |
58 Neutral | ₹23.76B | 49.64 | ― | ― | 483.21% | ― | |
49 Neutral | ₹58.17B | 18.86 | ― | ― | 7.68% | -114.23% | |
43 Neutral | ₹38.72B | -446.21 | ― | ― | 112.24% | -474.43% |
* Energy Sector Average
IN:IREDA
Indian Renewable Energy Development Agency Ltd.
114.90
-34.75
-23.22%
IN:BORORENEW
Borosil Renewables Limited
414.95
-48.70
-10.50%
IN:KPEL
K.P. Energy Ltd.
280.80
-95.70
-25.42%
IN:PREMIERENE
Premier Energies Limited
917.70
75.28
8.94%
IN:RELTD
Ravindra Energy Ltd.
133.00
15.55
13.24%
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
165.80
-75.85
-31.39%
Indian Renewable Energy Development Agency Ltd. Corporate Events
IREDA Closes Trading Window Ahead of FY 2026 Results
Mar 26, 2026
Indian Renewable Energy Development Agency Limited has announced the closure of its trading window for equity shares and listed debt securities from April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its intern...
IREDA Board to Weigh Interim Dividend, Extends Trading Window Closure
Mar 19, 2026
Indian Renewable Energy Development Agency Limited has notified the stock exchanges that its board of directors will meet on March 25, 2026 to consider a proposal for declaring an interim dividend for the financial year 2025-26. The move signals p...
IREDA Board Clears Q3 and Nine-Month FY26 Results With Clean Audit Opinion
Jan 9, 2026
Indian Renewable Energy Development Agency Limited announced that its Board of Directors has approved the audited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, following a meeting held on 9 J...
IREDA Releases Investor Presentation for Quarter Ended December 31, 2025
Jan 9, 2026
Indian Renewable Energy Development Agency Limited has released an investor presentation for the quarter ended December 31, 2025, outlining its financial performance, operational metrics, asset quality, and shareholder outlook. The presentation al...
IREDA’s Audited Standalone Interim Results Get Clean Opinion with NPA Classification Highlighted
Jan 9, 2026
Indian Renewable Energy Development Agency Limited has released its audited standalone interim financial statements for the nine months ended 31 December 2025, with joint statutory auditors Shiv Associates and Rao Emmar concluding that the accou...
IREDA’s Nine-Month Consolidated Results Get Clean Audit, With Emphasis on NPA Classification and Capital Ratios
Jan 9, 2026
Indian Renewable Energy Development Agency Limited has released its audited consolidated interim financial statements for the nine months ended 31 December 2025, with the independent auditors concluding that the accounts give a true and fair view ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.