In India's pursuit of renewable energy, the Indian Renewable Energy Development Agency (IREDA) has established itself as a key player. The stock has performed exceptionally well overall, reaching a market valuation of ₹61.09K crore.
Due to the high volatility in the stock price, investors are uncertain about the current price action and growth prospects of IREDA stock. It is now essential to understand IREDA's market position and future potential as the government moves towards sustainable energy.
This article provides a detailed analysis of Ireda share price target for 2025, 2026, 2027, 2028, 2029, 2030, taking into account multiple variables including institutional holdings, market disposition, and potential future gains.
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About IREDA Company
The Government of India owns IREDA, the Indian Renewable Energy Development Agency, which is a financial entity. Since its inception in 1987, its main goal has been to promote and scale up renewable energy initiatives across the country. To promote investment in renewable energy technologies, including solar, wind, hydropower, and biomass, IREDA provides loans and subsidies to many stakeholders, including businesses and government organizations.
Ireda Share Current Performance And Market Indicators
Open Price: ₹236.00
Today’s Low Price: ₹230.00
Today's High Price: ₹237.00
Current Price: ₹230.91
Market capitalization: ₹63,203 Cr
P/E Ratio: 47.12
ROE: 14.63%
Dividend Yield: 0.00%
52-Week Low: ₹50.00
52-Week High: ₹310.00
Price Change Over the Past Year: +180.60 (361.20% Increase)
IREDA share price has increased significantly over the last year, rising by ₹180.60 from a 52-week low of ₹50.00 to the current price of ₹230.91. This represents an increase of 361.20% in value. During the trading session, the stock had an opening price of ₹236.00, a high of ₹237.00, and a low of ₹230.00.
The stock, with a market capitalization of ₹63,203 crore, has a P/E ratio of 47.12, indicating strong investor confidence. The company's dividend yield is still 0.00%, but its return on equity (ROE) is strong at 14.63%. Despite occasional fluctuations, the market performance of the IREDA share price is still quite good.
Ireda Share Price Target 2025
IREDA share price is expected to rise in 2025. IREDA shares are expected to reach a high of ₹485. This forecast reflects the growing interest of institutional investors in IREDA shares.
Ireda Share Price Target 2026
IREDA share price is expected to rise to ₹636 in 2026. This surge is expected to be driven by the continued expansion of renewable energy infrastructure and supportive policy measures from the government.
Ireda Share Price Target 2027
IREDA has set a share price target of ₹765 for 2027. With the growing global demand for clean energy, IREDA's role in financing such obligations is expected to become even more important.
Ireda Share Price Target 2028
Analysts predict that by 2028, the IREDA share price could reach ₹880. Moreover, the growing demand for renewable energy generation and the potential of innovative government initiatives could further boost IREDA’s market value.
Ireda Share Price Target 2029
IREDA share price target for 2026 is ₹946, driven by local consumption and spending as well as the growth of renewable energy.
Ireda Share Price Target 2030
IREDA share price is expected to reach ₹1154 by 2030, which will be a significant milestone for the company. This growth could be a result of IREDA's continued influence in the region as well as the growing need for renewable energy globally.
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Ireda Shareholding
| Nov 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
Retail and Other | 12.95% | 18.75% | 22.69% | 21.88% |
Other Domestic Institutions | 4.16% | 1.50% | 0.42% | 0.18% |
Foreign Institutions | 3.95% | 1.88% | 1.36% | 2.70% |
Mutual Funds | 3.94% | 2.87% | 0.53% | 0.24% |
The Ireda shareholding chart is referred to from the Groww website.
Ireda Balance Sheet
Balance Sheet of Indian Renewable Energy Development Agency (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths |
EQUITIES AND LIABILITIES |
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SHAREHOLDER'S FUNDS |
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Equity Share Capital | 2,687.76 | 2,284.60 | 2,284.60 | 784.6 | 784.6 |
Total Share Capital | 2,687.76 | 2,284.60 | 2,284.60 | 784.6 | 784.6 |
Reserves and Surplus | 5,871.66 | 3,650.57 | 2,983.51 | 2,210.59 | 1,736.72 |
Total Reserves and Surplus | 5,871.66 | 3,650.57 | 2,983.51 | 2,210.59 | 1,736.72 |
Total Shareholders Funds | 8,559.43 | 5,935.17 | 5,268.11 | 2,995.19 | 2,521.32 |
NON-CURRENT LIABILITIES |
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Long Term Borrowings | 0 | 11,492.62 | 0 | 0 | 0 |
Deferred Tax Liabilities [Net] | 0 | 0 | 0 | 0 | 0 |
Other Long Term Liabilities | 1,807.40 | 1,736.99 | 1,747.91 | 1,718.38 | 1,746.92 |
Long Term Provisions | 991.11 | 1,118.16 | 1,055.97 | 602.46 | 455.81 |
Total Non-Current Liabilities | 2,798.51 | 14,347.76 | 2,803.87 | 2,320.83 | 2,202.73 |
CURRENT LIABILITIES |
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Short Term Borrowings | 49,686.86 | 28,672.66 | 17,734.67 | 23,350.81 | 21,703.85 |
Trade Payables | 7.3 | 4.91 | 5.17 | 80.16 | 65.8 |
Other Current Liabilities | 1,548.32 | 1,486.48 | 10,896.57 | 1,545.99 | 1,158.22 |
Short Term Provisions | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 51,242.48 | 30,164.05 | 28,636.42 | 24,976.96 | 22,927.87 |
Total Capital And Liabilities | 62,600.42 | 50,446.98 | 36,708.40 | 30,292.98 | 27,651.92 |
ASSETS |
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NON-CURRENT ASSETS |
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Tangible Assets | 361.09 | 228.7 | 247.76 | 246.38 | 264.68 |
Intangible Assets | 0 | 0.01 | 0.05 | 0.11 | 0.16 |
Capital Work-In-Progress | 0 | 139.26 | 128.33 | 0.01 | 0.01 |
Other Assets | 0 | 0.03 | 0 | 0.04 | 0.05 |
Fixed Assets | 361.09 | 372.86 | 379.25 | 246.53 | 264.91 |
Non-Current Investments | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Assets [Net] | 289.44 | 301 | 322.09 | 210.99 | 142.64 |
Long Term Loans And Advances | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 1,824.35 | 1,881.35 | 1,771.97 | 1,789.06 | 1,785.23 |
Total Non-Current Assets | 2,474.88 | 2,555.21 | 2,473.32 | 2,246.59 | 2,192.78 |
CURRENT ASSETS |
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Current Investments | 99.34 | 99.3 | 99.27 | 0.12 | 0.12 |
Inventories | 0 | 0 | 0 | 0 | 0 |
Trade Receivables | 6.02 | 4.91 | 4.53 | 2.98 | 3.13 |
Cash And Cash Equivalents | 735.89 | 954.77 | 526.69 | 603.31 | 1,575.72 |
Short Term Loans And Advances | 58,775.09 | 46,226.92 | 33,174.45 | 26,905.64 | 22,977.69 |
OtherCurrentAssets | 509.21 | 605.86 | 430.15 | 534.34 | 902.49 |
Total Current Assets | 60,125.54 | 47,891.77 | 34,235.09 | 28,046.39 | 25,459.14 |
Total Assets | 62,600.42 | 50,446.98 | 36,708.40 | 30,292.98 | 27,651.92 |
OTHER ADDITIONAL INFORMATION |
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CONTINGENT LIABILITIES, COMMITMENTS |
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Contingent Liabilities | 0 | 2,308.83 | 0 | 0 | 0 |
CIF VALUE OF IMPORTS |
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Raw Materials | 0 | 0 | 0 | 0 | 0 |
Stores, Spares And Loose Tools | 0 | 0 | 0 | 0 | 0 |
Trade/Other Goods | 0 | 0 | 0 | 0 | 0 |
Capital Goods | 0 | 0 | 0 | 0 | 0 |
EXPENDITURE IN FOREIGN EXCHANGE |
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Expenditure In Foreign Currency | 0 | 0 | 0 | 0 | 0 |
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS |
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Dividend Remittance In Foreign Currency | -- | -- | -- | -- | -- |
EARNINGS IN FOREIGN EXCHANGE |
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FOB Value Of Goods | -- | -- | -- | -- | -- |
Other Earnings | -- | -- | -- | -- | -- |
BONUS DETAILS |
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Bonus Equity Share Capital | -- | -- | -- | -- | -- |
NON-CURRENT INVESTMENTS |
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Non-Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Non-Current Investments Unquoted Book Value | -- | -- | 99.27 | 0.12 | 0.12 |
CURRENT INVESTMENTS |
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Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Current Investments Unquoted Book Value | -- | 99.3 | -- | -- | -- |
This balance sheet is referred to from the MoneyControl website.
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Conclusion
In India's energy industry, IREDA plays a vital role. Between 2024 and 2030, IREDA's stock price is expected to rise dramatically due to its strong market position, growing institutional investment, and growing reputation for renewable energy. Investors should keep track of the most recent financial news and market trends while keeping these long-term projections in mind.
FAQs
1. What is the current share price of IREDA?
Right now, IREDA has a market capitalization of ₹63,203 crore, and its share price is ₹230.91.
2. What factors influence IREDA's share price?
The success of the renewable energy industry as a whole, institutional investment patterns, market conditions, and government regulation all have an impact on IREDA's share price.
3. What has been the performance of IREDA's stock over the past year?
IREDA's stock has risen by a whopping ₹180.60 over the past year, representing a 361.20% increase from its 52-week low of ₹50.00.
4. What should investors consider before investing in IREDA shares?
Investors need to take into account the stock's volatility, the company's financial performance, renewable energy industry trends, and potential government regulation.
5. What are the dividend prospects for IREDA shareholders?
As of now, IREDA's dividend yield is 0.00%. As the firm expands, investors should keep an eye on any upcoming announcements.
Disclaimer
This article is just for informational purposes. Forecasting of the share price targets is based on and referred to from various sources, media reports, and predictions done by brokerage houses from time to time.
We also state that we are not SEBI-registered financial advisors. So, kindly, before taking any kind of investment in the shares, please do counsel with the certified financial advisories.
If you have any corrections or find any wrong information, do let us know at our official [email protected].