Indian Renewable Energy Development Agency Ltd
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 GoI conferred the status of Mini Ratna under Category-I upon IREDA in June 2015.
RBI classified company as “Infrastructure Finance Company”.[1]
- Market Cap ₹ 47,022 Cr.
- Current Price ₹ 175
- High / Low ₹ 215 / 50.0
- Stock P/E 136
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 8.33 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.9% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Term-Lending Institutions
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Revenue |
| Interest |
| Financing Profit |
| Financing Margin % |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Gross NPA % |
| Net NPA % |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| Revenue | 1,331 | 1,810 | 2,020 | 2,369 | 2,614 |
| Interest | 810 | 1,006 | 1,183 | 1,459 | 1,570 |
| 194 | 240 | 431 | 649 | 496 | |
| Financing Profit | 327 | 564 | 406 | 260 | 548 |
| Financing Margin % | 25% | 31% | 20% | 11% | 21% |
| -7 | 7 | -72 | 3 | 44 | |
| Depreciation | 7 | 21 | 23 | 23 | 23 |
| Profit before tax | 313 | 549 | 311 | 241 | 570 |
| Tax % | 33% | 26% | 20% | 11% | 39% |
| 210 | 405 | 250 | 215 | 346 | |
| EPS in Rs | 267.74 | 5.17 | 3.18 | 2.74 | 4.41 |
| Dividend Payout % | 60% | 31% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| Equity Capital | 785 | 785 | 785 | 785 | 785 |
| Reserves | 1,643 | 1,661 | 1,800 | 1,737 | 2,211 |
| 12,777 | 14,985 | 18,753 | 21,854 | 24,000 | |
| 3,592 | 2,937 | 3,181 | 3,277 | 3,298 | |
| Total Liabilities | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 |
| 318 | 314 | 303 | 282 | 266 | |
| CWIP | 0 | 3 | 0 | 0 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 |
| 18,479 | 20,050 | 24,215 | 27,370 | 30,027 | |
| Total Assets | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| -1,282 | -1,846 | -5,018 | -1,709 | -3,206 | |
| -282 | -53 | -37 | -0 | -2 | |
| 2,644 | 1,701 | 3,736 | 2,141 | 2,441 | |
| Net Cash Flow | 1,081 | -198 | -1,319 | 431 | -767 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| ROE % | 17% | 12% | 8% | 13% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Secretarial Compliance Report under Regulation 24A of SEBI(LODR) 2015 for the year ended March 31, 2024.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Secretarial Compliance Report under Regulation 24A of SEBI(LODR) 2015 for the year ended March 31, 2024.
- Incorporation Of A Wholly Owned Subsidiary Of IREDA In International Financial Services Centre (IFSC), GIFT City, Gujarat 9 May
- Incorporation Of A Wholly Owned Subsidiary Of IREDA In International Financial Services Centre (IFSC), GIFT City, Gujarat 9 May
- Govt. Accords ''Navratna'' Status To IREDA 26 Apr
Business Profile[1]
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission.