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 Ministry of New and Renewable Energy, Government of India has given IREDA the 'Navaratna Status. RBI classified company as “Infrastructure Finance Company”.[1][2]
- Market Cap ₹ 31,924 Cr.
- Current Price ₹ 114
- High / Low ₹ 163 / 109
- Stock P/E 16.2
- Book Value ₹ 49.1
- Dividend Yield 1.19 %
- ROCE 8.69 %
- ROE 15.6 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1,331 | 1,810 | 2,020 | 2,369 | 2,614 | 4,965 | 6,755 | 8,310 | 8,612 | |
| Interest | 810 | 1,006 | 1,183 | 1,459 | 1,570 | 3,164 | 4,141 | 4,905 | 5,028 |
| 194 | 240 | 431 | 649 | 496 | 85 | 472 | 1,053 | 1,112 | |
| Financing Profit | 327 | 564 | 406 | 260 | 548 | 1,716 | 2,142 | 2,353 | 2,473 |
| Financing Margin % | 25% | 31% | 20% | 11% | 21% | 35% | 32% | 28% | 29% |
| -7 | 7 | -72 | 3 | 44 | -1 | 0 | 28 | 17 | |
| Depreciation | 7 | 21 | 23 | 23 | 23 | 30 | 39 | 44 | 44 |
| Profit before tax | 313 | 549 | 311 | 241 | 570 | 1,685 | 2,104 | 2,338 | 2,446 |
| Tax % | 33% | 26% | 20% | 11% | 39% | 26% | 19% | 20% | |
| 210 | 405 | 250 | 215 | 346 | 1,252 | 1,698 | 1,874 | 1,966 | |
| EPS in Rs | 267.74 | 5.17 | 3.18 | 2.74 | 4.41 | 4.66 | 6.32 | 6.67 | 7.00 |
| Dividend Payout % | 60% | 31% | 0% | 0% | 0% | 0% | 0% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | % |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | % |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 785 | 785 | 785 | 785 | 785 | 2,688 | 2,688 | 2,809 |
| Reserves | 1,643 | 1,661 | 1,800 | 1,737 | 2,211 | 5,872 | 7,579 | 10,976 |
| Borrowing | 12,777 | 14,985 | 18,753 | 21,854 | 24,000 | 49,687 | 64,740 | 77,846 |
| 3,592 | 2,937 | 3,181 | 3,277 | 3,298 | 4,354 | 4,728 | 2,177 | |
| Total Liabilities | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 | 62,600 | 79,735 | 93,808 |
| 318 | 314 | 303 | 282 | 266 | 361 | 349 | 321 | |
| CWIP | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 | 101 | 600 | 884 |
| 18,479 | 20,050 | 24,215 | 27,370 | 30,027 | 62,138 | 78,786 | 92,603 | |
| Total Assets | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 | 62,600 | 79,735 | 93,808 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -1,282 | -1,846 | -5,018 | -1,709 | -3,206 | -11,100 | -14,460 | -14,477 | |
| -282 | -53 | -37 | -0 | -2 | -23 | -518 | -281 | |
| 2,644 | 1,701 | 3,736 | 2,141 | 2,441 | 11,059 | 14,960 | 14,748 | |
| Net Cash Flow | 1,081 | -198 | -1,319 | 431 | -767 | -64 | -17 | -10 |
| Free Cash Flow | -1,577 | -1,873 | -5,055 | -1,710 | -3,209 | -11,123 | -14,487 | -14,492 |
| CFO/OP | -98% | -110% | -308% | -89% | -144% | -220% | -221% | -192% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 9% | 17% | 12% | 8% | 13% | 15% | 18% | 16% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross NPA Ratio % ・Standalone data |
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| Capital Adequacy Ratio (CRAR) % ・Standalone data |
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| Outstanding Loan Book (AUM) Rs Crore ・Standalone data |
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| Loan Disbursements Rs Crore ・Standalone data |
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| Loan Sanctions Rs Crore ・Standalone data |
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| Solar Sector Share of Loan Book % ・Standalone data |
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| Public Sector Share of Loan Book % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication in respect of Notice 39th Annual General Meeting ("AGM") & e-voting information.
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Business Responsibility and Sustainability Reporting (BRSR)
- IREDA submitted its FY2025-26 BRSR and independent assurance report as part of the 39th Annual Report.
- Intimation Of Notice Along With The Annual Report Of 39Th Annual General Meeting (''AGM'') Of The Company For The Financial Year 2025-26
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation of convening of 39th Annual General Meeting of the Company through video Conferencing/Other Audio Visual Means and Newspaper Publication thereof.
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Board Comments On Fine Levied By The Exchanges
- BSE/NSE levy Rs14.20 lakh fine on IREDA for June 2026 board non-compliance; board seeks MNRE appointments and waiver.
Annual reports
Concalls
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Aug 2026TranscriptAI SummaryPPT
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May 2026TranscriptAI SummaryPPT
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Oct 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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Apr 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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Apr 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
Ownership:[1] [2] {# {# https://www.icra.in/Rationale/ShowRationaleReport/?Id=142428#page=4 #}
The Govt. of India holds a 72% stake in the company as of FY26. It is of strategic importance to the GoI for the promotion and development of the renewable energy sector in India. The company was also conferred Navratna status in Apr 2024 and secured an Excellent MoU rating for the fifth consecutive year in FY25, achieving a score of 96.42 out of 100.