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 18.7x vs industry 35.7x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹748 | ₹11.5L Cr | 15.2 | 1.98 | 13.8 | 7.04 | — |
| SBIN State Bank of India | ₹977 | ₹8.8L Cr | 10.6 | 1.51 | 15.4 | 6.13 | — |
| ICICIBANK ICICI Bank Limited | ₹1,261 | ₹8.8L Cr | 16.2 | 2.51 | 16.1 | 7.2 | — |
| BAJFINANCE Bajaj Finance Limited | ₹890 | ₹5.5L Cr | 28.6 | 4.86 | 18.2 | 10.8 | — |
| LICI Life Insurance Corporation Of India | ₹400 | ₹5.1L Cr | 8.83 | 2.86 | 37.8 | 35.1 | 0 |
| AXISBANK Axis Bank Limited | ₹1,273 | ₹3.9L Cr | 14.8 | 1.85 | 13.2 | 6.24 | — |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹377 | ₹3.8L Cr | 19.8 | 2.07 | 11.2 | 6.93 | — |
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% | 71.76% | 71.76% |
| FII | 2.70% | 2.02% | 1.85% | 1.74% | 2.04% | 1.92% |
| DII | 0.42% | 0.35% | 0.63% | 0.51% | 2.95% | 2.57% |
| Public | 21.87% | 22.62% | 22.51% | 22.74% | 23.24% | 23.75% |
Corporate Events
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
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 ▲123.1% | ₹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 | ₹28 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 ▼98.1% | 267.74 |
| 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 | 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 ▲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 | ₹11.0K 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 | ₹2.2K Cr ▼55.9% | ₹4.9K Cr ▲4.4% | ₹4.7K Cr ▲8.6% | ₹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 | ₹93.8K Cr ▲6.8% | ₹87.8K Cr ▲10.1% | ₹79.7K Cr ▲27.4% | ₹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 | ₹321 Cr ▼4.5% | ₹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 ▼100.0% | ₹3 Cr | ₹0 Cr |
| Investments | ₹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 | ₹92.6K Cr ▲6.8% | ₹86.7K Cr ▲10.1% | ₹78.8K Cr ▲26.8% | ₹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 | ₹93.8K Cr ▲6.8% | ₹87.8K Cr ▲10.1% | ₹79.7K Cr ▲27.4% | ₹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 ▼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 | — | ₹-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 | — | ₹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 | — | ₹-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 ▼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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