Indian Renewable Energy Development Agency Ltd
IREDAIndian Renewable Energy Development Agency Ltd
IREDA![](https://assets.tickertape.in/sector-icons/financials.png)
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Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
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
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
51.52 | 8.07 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
18.02 | 2.53 | 0.84% |
Forecast & Ratings
Detailed Forecast from 2 analysts
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
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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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 | 5,332.51 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 3,577.99 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 22.59 | 28.07 | 43.80 | 44.33 | 46.98 | 47.36 | 58.82 | 63.09 | 71.32 | |||||||||||
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 | 2,257.20 | 3,178.38 | |||||||||||
EBITDA | 421.90 | 535.50 | 560.30 | 334.31 | 263.92 | 592.20 | 857.08 | 1,162.75 | 1,715.59 | 1,754.52 | ||||||||||
Depreciation/Amortization | 4.27 | 7.32 | 21.33 | 23.36 | 22.81 | 22.67 | 23.24 | 23.50 | 30.35 | 33.08 | ||||||||||
PBIT | 417.63 | 528.18 | 538.97 | 310.95 | 241.11 | 569.53 | 833.84 | 1,139.25 | 1,685.24 | 1,721.44 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 417.63 | 528.18 | 538.97 | 310.95 | 241.11 | 569.53 | 833.84 | 1,139.25 | 1,685.24 | 1,721.44 | ||||||||||
Taxes & Other Items | 119.59 | 163.16 | 168.53 | 61.04 | 26.56 | 223.11 | 200.32 | 274.62 | 433.01 | 380.10 | ||||||||||
Net Income | 298.04 | 365.02 | 370.44 | 249.91 | 214.55 | 346.42 | 633.52 | 864.63 | 1,252.23 | 1,341.34 | ||||||||||
EPS | 3.80 | 4.65 | 4.72 | 3.19 | 2.73 | 4.42 | 4.13 | 3.78 | 5.04 | 4.99 | ||||||||||
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
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Renewable Energy Development Agency Ltd | 55.18 | 8.07 | — |
Indian Railway Finance Corp Ltd | 36.98 | 4.82 | 0.83% |
Power Finance Corporation Ltd | 8.64 | 1.27 | 2.61% |
REC Limited | 11.08 | 2.26 | 2.69% |
Price Comparison
Compare IREDA with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.34%
Shareholding Pattern
Nov 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
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) |
---|---|---|---|---|
HDFC Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0952% | Percentage of the fund’s portfolio invested in the stock 0.42% | Change in the portfolio weight of the stock over the last 3 months 0.07% | 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 85/210 (+86) |
Baroda BNP Paribas Mid Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0404% | Percentage of the fund’s portfolio invested in the stock 1.33% | Change in the portfolio weight of the stock over the last 3 months 1.33% | 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 49/78 (+21) |
Baroda BNP Paribas Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0336% | Percentage of the fund’s portfolio invested in the stock 1.34% | Change in the portfolio weight of the stock over the last 3 months 1.34% | 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 51/64 (+2) |
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
Indian Renewable Energy Deve. Agency will hold a meeting of the Board of Directors of the Company on 29 August 2024.Powered by Capital Market - Live
The company's board meeting is scheduled to be held on Thursday, 29 August 2024, inter-alia, to consider and approve the proposal for raising of funds by way of equity share capital for an amount aggregating of upto Rs. 4500 Crore in one or more tranches through Further Public Offer (FPO) / Qualified Institutional Placement (QIP) / Right Issue / Preferential Issue. IREDA is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (the MNRE). It is also conferred with the Mini Ratna (Category-I) status. As on 30th June 2024, GoI held 75% stake in IREDA. The company's consolidated net profit jumped 30% to Rs 383.69 crore in Q1 FY25 as compared with Rs 294.58 crore in Q1 FY24. Revenue from operations increased 32% YoY to Rs 1510.28 crore in Q1 FY25.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.67%, vs industry avg of 12.65%
Increasing Market Share
Over the last 5 years, market share increased from 1.68% to 2.4%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 38.03%, vs industry avg of 18.52%