Indian Renewable Energy Development Agency Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.6%)
- Attractively valued vs sector (P/E 14.3x vs industry 33.1x)
- Near 52-week low — potential value zone (₹99)
Concerns
Today's Price Action
The stock closed at ₹100.59 with zero percent change, matching the prior close. Trading volume stood at 42,88,455 shares, exactly equal to the 20‑day average, indicating typical participation. The quote stayed within a narrow intraday band, reflecting limited volatility.
Valuation Snapshot
IREDA trades at a trailing P/E of 14.3, while the broader Financial Services sector reports a neutral P/E of zero, reflecting the absence of sector‑wide earnings data. The company’s return on equity of 15.6 % suggests a solid earnings efficiency relative to its capital base. The price‑to‑book multiple of zero indicates book value exceeds market price.
Key Levels to Watch
The current price sits marginally above the 52‑week low of ₹99.1 and remains well below the 52‑week high of ₹157, framing a broad downside cushion. Open‑interest‑driven support and resistance zones around the ₹100‑₹105 range have historically anchored price movements. Trading activity shows increased buying around the ₹102 mark, which often acts as a support.
Chart Pattern
A bearish engulfing candle formed on the daily chart ten trading days ago, representing a reversal‑type formation where the second candle fully covers the body of the preceding bullish candle. The formation appeared on the daily timeframe, a common horizon for medium‑term reversals.
Data Summary
The most notable metrics include a market capitalisation reported as ₹0 Cr, a price‑to‑book ratio of 0, and a consistent daily volume equal to its 20‑day average. Liquidity metrics align with the 20‑day average, confirming recent trading does not deviate from typical market participation.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹685 | ₹10.7L Cr | 13.3 | 1.75 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,378 | ₹10.0L Cr | 17 | 2.55 | 15.9 | 7.18 | — |
| SBIN State Bank of India | ₹957 | ₹8.8L Cr | 10.5 | 1.42 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹917 | ₹5.8L Cr | 26.4 | 4.63 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹391 | ₹4.8L Cr | 8.03 | 2.8 | 37.8 | 35.1 | 0 |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹440 | ₹4.3L Cr | 20.2 | 2.24 | 11.4 | 6.98 | — |
| AXISBANK Axis Bank Limited | ₹1,220 | ₹3.8L Cr | 12.7 | 1.65 | 13.1 | 6.24 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
IREDA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FII | 1.88% | 1.36% | 2.70% | 2.02% | 1.85% | 1.74% |
| DII | 4.37% | 0.94% | 0.42% | 0.35% | 0.63% | 0.51% |
| Public | 18.75% | 22.70% | 21.87% | 22.62% | 22.51% | 22.74% |
Corporate Events
To consider and approve the audited financial results (Standalone & Consolidated) and audited financial statements (Standalone & Consolidated) of the Company for the quarter and half year ended September 30, 2026.
Dividend - Re 0.75 Per Share
To consider and approve the unaudited financial results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2026.
To consider and recommend the final dividend, if any, on the equity shares of the Company for the Financial Year 2025-26.
To consider and approve the audited financial results (Standalone & Consolidated) and audited financial statements (Standalone & Consolidated) of the Company for the quarter and year ended March 31, 2026.
Interim Dividend - Re 0.60 Per Share
Latest News
All newsIREDA Chairman & MD steps down, interim replacement named
*IREDA Chairman & MD steps down, interim replacement named* Shri Pradip Kumar Das has ceased to be Chairman & Managing Director of IREDA. Dr Bijay Kumar Mohanty, Director (Finance), has been given additional charge. The change is administrative with no immediate financial impact. 📊 *STOCKS:* IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #IREDA
IREDA notifies 39th AGM and e-voting details.
*IREDA notifies 39th AGM and e-voting details.* The company has published notice of its **39th Annual General Meeting**, including e-voting instructions. The announcement is part of mandatory compliance via newspaper publication. No financial updates or strategic developments were disclosed. 📊 *STOCKS:* IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
IREDA to hold 39th Annual General Meeting
*IREDA to hold 39th Annual General Meeting* via video conferencing. The meeting will be conducted in compliance with regulatory norms and announced through newspaper publication. *No major business decisions or financial updates were disclosed*. 📊 *STOCKS:* $IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
IREDA to hold 39th AGM via video conferencing
*IREDA to hold 39th AGM via video conferencing.* The meeting will be conducted through audio-visual means, as per regulatory norms. A notice will be published in newspapers for shareholder awareness. No financial or operational updates were disclosed. 📊 *STOCKS:* IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
IREDA fined by stock exchanges for regulatory lapses
*IREDA fined by stock exchanges for regulatory non-compliance.* The penalty stems from delayed disclosures or procedural lapses. While the **amount is not material**, it highlights governance oversight. No operational or financial impact is expected. 📊 *STOCKS:* $IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #IREDA
IREDA faces C&AG audit comments for FY 2025-26
*IREDA faces C&AG audit comments for FY 2025-26.* The Comptroller and Auditor General (C&AG) has issued comments on IREDA's audited financial statements for FY 2025-26. These observations pertain to accounting and compliance aspects in both standalone and consolidated statements. While no **₹ penalty** or **fraud** is indicated, the report may prompt scrutiny. Final impact depends on management's response. 📊 *STOCKS:* $IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Audit
IREDA fined ₹14.2 lakh for board composition lapses
*IREDA fined ₹14.2 lakh for board composition lapses.* The penalty was jointly imposed by NSE and BSE due to non-compliance with regulatory norms on board structure. While the fine is minor, it highlights governance concerns. Investors may monitor future compliance updates closely. 📊 *STOCKS:* $IREDA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulation
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Op. Profit | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — |
| Net Profit | ₹585 Cr 6.6% | ₹549 Cr 122.3% | ₹247 Cr 50.8% | ₹502 Cr 18.1% | ₹425 Cr 9.5% | ₹388 Cr 1.0% | ₹384 Cr 13.9% | ₹337 Cr |
| EPS (₹) | 2.08 6.1% | 1.96 122.7% | 0.88 52.9% | 1.87 18.4% | 1.58 9.7% | 1.44 0.7% | 1.43 13.5% | 1.26 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Expenses | ₹1.1K Cr 122.9% | ₹472 Cr 455.3% | ₹85 Cr 82.9% | ₹496 Cr 23.6% | ₹649 Cr 50.6% | ₹431 Cr 79.6% | ₹240 Cr 23.7% | ₹194 Cr |
| Op. Profit | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — |
| Other Income | ₹-1 Cr | ₹0 Cr 100.0% | ₹-1 Cr 102.3% | ₹44 Cr 1366.7% | ₹3 Cr 104.2% | ₹-72 Cr 1128.6% | ₹7 Cr 200.0% | ₹-7 Cr |
| Interest | ₹4.9K Cr 18.4% | ₹4.1K Cr 30.9% | ₹3.2K Cr 101.5% | ₹1.6K Cr 7.6% | ₹1.5K Cr 23.3% | ₹1.2K Cr 17.6% | ₹1.0K Cr 24.2% | ₹810 Cr |
| Depreciation | ₹44 Cr 12.8% | ₹39 Cr 30.0% | ₹30 Cr 30.4% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 9.5% | ₹21 Cr 200.0% | ₹7 Cr |
| PBT | ₹2.3K Cr 11.1% | ₹2.1K Cr 24.9% | ₹1.7K Cr 195.6% | ₹570 Cr 136.5% | ₹241 Cr 22.5% | ₹311 Cr 43.4% | ₹549 Cr 75.4% | ₹313 Cr |
| Tax % | 20.0% 5.3% | 19.0% 26.9% | 26.0% 33.3% | 39.0% 254.5% | 11.0% 45.0% | 20.0% 23.1% | 26.0% 21.2% | 33.0% |
| Net Profit | ₹1.9K Cr 10.4% | ₹1.7K Cr 35.6% | ₹1.3K Cr 261.8% | ₹346 Cr 60.9% | ₹215 Cr 14.0% | ₹250 Cr 38.3% | ₹405 Cr 92.9% | ₹210 Cr |
| EPS (₹) | 6.67 5.5% | 6.32 35.6% | 4.66 5.7% | 4.41 60.9% | 2.74 13.8% | 3.18 38.5% | 5.17 92.9% | 2.68 |
| Div Payout | 20.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% 100.0% | 31.0% 48.3% | 60.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2026 | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹2.8K Cr 0.0% | ₹2.8K Cr 0.0% | ₹2.8K Cr 4.5% | ₹2.7K Cr 0.0% | ₹2.7K Cr 242.4% | ₹785 Cr 0.0% | ₹785 Cr 0.0% | ₹785 Cr 0.0% | ₹785 Cr 0.0% | ₹785 Cr |
| Reserves | ₹11.5K Cr 5.1% | ₹11.0K Cr 8.5% | ₹10.1K Cr 33.4% | ₹7.6K Cr 29.1% | ₹5.9K Cr 165.6% | ₹2.2K Cr 27.3% | ₹1.7K Cr 3.5% | ₹1.8K Cr 8.4% | ₹1.7K Cr 1.1% | ₹1.6K Cr |
| Borrowings | — | — | — | — | — | — | — | — | — | — |
| Other Liabilities | ₹2.8K Cr 27.1% | ₹2.2K Cr 55.9% | ₹4.9K Cr 165.1% | ₹1.9K Cr 57.3% | ₹4.4K Cr 32.0% | ₹3.3K Cr 0.6% | ₹3.3K Cr 3.0% | ₹3.2K Cr 8.3% | ₹2.9K Cr 18.2% | ₹3.6K Cr |
| Total Liabilities | ₹98.0K Cr 4.5% | ₹93.8K Cr 6.8% | ₹87.8K Cr 14.2% | ₹76.9K Cr 22.8% | ₹62.6K Cr 106.6% | ₹30.3K Cr 9.6% | ₹27.7K Cr 12.8% | ₹24.5K Cr 20.4% | ₹20.4K Cr 8.4% | ₹18.8K Cr |
Assets | ||||||||||
| Fixed Assets | ₹306 Cr 4.4% | ₹320 Cr 4.8% | ₹336 Cr 3.7% | ₹349 Cr 3.3% | ₹361 Cr 35.7% | ₹266 Cr 5.7% | ₹282 Cr 6.9% | ₹303 Cr 3.5% | ₹314 Cr 1.3% | ₹318 Cr |
| CWIP | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹3 Cr | ₹0 Cr |
| Investments | ₹976 Cr 10.4% | ₹884 Cr 17.2% | ₹754 Cr 25.7% | ₹600 Cr 494.1% | ₹101 Cr 10000.0% | ₹1 Cr 0.0% | ₹1 Cr | ₹0 Cr 100.0% | ₹1 Cr | ₹0 Cr |
| Other Assets | ₹96.8K Cr 4.5% | ₹92.6K Cr 6.8% | ₹86.7K Cr 14.2% | ₹75.9K Cr 22.2% | ₹62.1K Cr 106.9% | ₹30.0K Cr 9.7% | ₹27.4K Cr 13.0% | ₹24.2K Cr 20.8% | ₹20.1K Cr 8.5% | ₹18.5K Cr |
| Total Assets | ₹98.0K Cr 4.5% | ₹93.8K Cr 6.8% | ₹87.8K Cr 14.2% | ₹76.9K Cr 22.8% | ₹62.6K Cr 106.6% | ₹30.3K Cr 9.6% | ₹27.7K Cr 12.8% | ₹24.5K Cr 20.4% | ₹20.4K Cr 8.4% | ₹18.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-14.5K Cr 0.1% | ₹-14.5K Cr 30.3% | ₹-11.1K Cr 246.2% | ₹-3.2K Cr 87.6% | ₹-1.7K Cr 65.9% | ₹-5.0K Cr 171.8% | ₹-1.8K Cr 44.0% | ₹-1.3K Cr |
| Investing CF | ₹-281 Cr 45.8% | ₹-518 Cr 2152.2% | ₹-23 Cr 1050.0% | ₹-2 Cr | ₹0 Cr 100.0% | ₹-37 Cr 30.2% | ₹-53 Cr 81.2% | ₹-282 Cr |
| Financing CF | ₹14.7K Cr 1.4% | ₹15.0K Cr 35.3% | ₹11.1K Cr 353.1% | ₹2.4K Cr 14.0% | ₹2.1K Cr 42.7% | ₹3.7K Cr 119.6% | ₹1.7K Cr 35.7% | ₹2.6K Cr |
| Net Cash Flow | ₹-10 Cr 41.2% | ₹-17 Cr 73.4% | ₹-64 Cr 91.7% | ₹-767 Cr 278.0% | ₹431 Cr 132.7% | ₹-1.3K Cr 566.2% | ₹-198 Cr 118.3% | ₹1.1K Cr |
| Free Cash Flow | ₹-14.5K Cr 0.0% | ₹-14.5K Cr 30.2% | ₹-11.1K Cr 246.6% | ₹-3.2K Cr 87.7% | ₹-1.7K Cr 66.2% | ₹-5.1K Cr 169.9% | ₹-1.9K Cr 18.8% | ₹-1.6K Cr |
Values in ₹ Cr · Source: Screener.in
Deep Dive Analysis
About Indian Renewable Energy Development Agency Limited
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI. The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The Ministry of New and Renewable Energy, Government of India has given IREDA the 'Navaratna Status. RBI classified company as “Infrastructure Finance Company”.[1][2]
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