Indian Renewable Energy Development Agency Ltd
IREDAIndian Renewable Energy Development Agency Ltd
IREDA
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 36.63 | 7.73 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.77 | 2.85 | 0.84% |
Forecast & Ratings
Detailed Forecastfrom 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
Peers
Compare with peersIndian Railway Finance Corp Ltd
Power Finance Corporation Ltd
REC Limited
Rail Vikas Nigam Ltd
Housing and Urban Development Corporation Ltd
Get more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,174.54 | 1,481.67 | 1,813.18 | 2,022.78 | 2,372.38 | 2,657.74 | 2,874.16 | 3,483.04 | 4,965.29 | 4,965.30 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | 3,249.70 | 3,249.72 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | ||||||||||||
| Employee Cost | 22.59 | 28.07 | 43.80 | 44.33 | 46.98 | 47.36 | 58.82 | 63.09 | ||||||||||||
| Selling & Administrative Expenses | — | — | — | — | — | — | — | — | ||||||||||||
| Operating & Other expenses | 730.05 | 918.10 | 1,209.08 | 1,644.14 | 2,061.48 | 2,018.18 | 1,958.26 | 2,257.21 | ||||||||||||
EBITDA | 421.90 | 535.50 | 560.30 | 334.31 | 263.92 | 592.20 | 857.08 | 1,162.74 | 1,715.59 | 1,715.58 | ||||||||||
| Depreciation/Amortization | 4.27 | 7.32 | 21.33 | 23.36 | 22.81 | 22.67 | 23.24 | 23.50 | 30.35 | 30.34 | ||||||||||
| PBIT | 417.63 | 528.18 | 538.97 | 310.95 | 241.11 | 569.53 | 833.84 | 1,139.24 | 1,685.24 | 1,685.24 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 417.63 | 528.18 | 538.97 | 310.95 | 241.11 | 569.53 | 833.84 | 1,139.24 | 1,685.24 | 1,685.24 | ||||||||||
| Taxes & Other Items | 119.59 | 163.16 | 168.53 | 61.04 | 26.56 | 223.11 | 200.32 | 274.62 | 433.01 | 433.02 | ||||||||||
| Net Income | 298.04 | 365.02 | 370.44 | 249.91 | 214.55 | 346.42 | 633.52 | 864.62 | 1,252.23 | 1,252.22 | ||||||||||
| EPS | 3.80 | 4.65 | 4.72 | 3.19 | 2.73 | 4.42 | 4.13 | 3.78 | 5.16 | 5.48 | ||||||||||
| DPS | 3.80 | 1.60 | 1.62 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Payout ratio | 1.00 | 0.34 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
FinancialsSpecialized Finance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Indian Renewable Energy Development Agency Ltd | 36.63 | 7.73 | — |
| Indian Railway Finance Corp Ltd | 32.59 | 4.54 | 0.95% |
| Power Finance Corporation Ltd | 8.44 | 1.20 | 2.61% |
| REC Limited | 10.78 | 2.07 | 2.76% |
Price Comparison
Compare IREDA with any stock or ETFShareholdings
Promoter Holdings Trend
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 3.92%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Nov 2023
Dec 2023
Mar 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 2.34%
Top 5 Mutual Funds holding Indian Renewable Energy Development Agency Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India Value Fund - Direct Plan Growth Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1411% | Percentage of the fund’s portfolio invested in the stock 0.89% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 47/89 (+14) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI PSU FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0909% | Percentage of the fund’s portfolio invested in the stock 2.32% | Change in the portfolio weight of the stock over the last 3 months 2.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 30/31 (+1) |
HDFC MULTI CAP FUND - DIRECT PLAN - GROWTH OPTION Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0812% | Percentage of the fund’s portfolio invested in the stock 0.29% | Change in the portfolio weight of the stock over the last 3 months -0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 140/195 (-20) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
IREDA has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Hmm, looks like data is unavailable here. Please come back after some timeNews & Opinions
Hmm, looks like data is unavailable here. Please come back after some time.
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.95%, vs industry avg of 10.82%
Increasing Market Share
Over the last 5 years, market share increased from 1.71% to 1.95%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 18.47%, vs industry avg of 10.87%