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 ₹ 28,798 Cr.
- Current Price ₹ 103
- High / Low ₹ 157 / 101
- Stock P/E 14.6
- Book Value ₹ 51.0
- Dividend Yield 1.32 %
- 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 | 8,339 | 8,901 | |
| Interest | 810 | 1,006 | 1,183 | 1,459 | 1,570 | 3,164 | 4,141 | 4,905 | 5,192 |
| 194 | 240 | 431 | 649 | 496 | 85 | 472 | 1,052 | 1,228 | |
| Financing Profit | 327 | 564 | 406 | 260 | 548 | 1,716 | 2,142 | 2,382 | 2,480 |
| Financing Margin % | 25% | 31% | 20% | 11% | 21% | 35% | 32% | 29% | 28% |
| -7 | 7 | -72 | 3 | 44 | -1 | 0 | -1 | 18 | |
| Depreciation | 7 | 21 | 23 | 23 | 23 | 30 | 39 | 44 | 44 |
| Profit before tax | 313 | 549 | 311 | 241 | 570 | 1,685 | 2,104 | 2,338 | 2,455 |
| Tax % | 33% | 26% | 20% | 11% | 39% | 26% | 19% | 20% | |
| 210 | 405 | 250 | 215 | 346 | 1,252 | 1,698 | 1,874 | 1,968 | |
| EPS in Rs | 2.68 | 5.17 | 3.18 | 2.74 | 4.41 | 4.66 | 6.32 | 6.67 | 7.01 |
| Dividend Payout % | 60% | 31% | 0% | 0% | 0% | 0% | 0% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | % |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | % |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 785 | 785 | 785 | 785 | 785 | 2,688 | 2,688 | 2,809 | 2,809 |
| Reserves | 1,643 | 1,661 | 1,800 | 1,737 | 2,211 | 5,872 | 7,579 | 10,976 | 11,531 |
| Borrowing | 12,777 | 14,985 | 18,753 | 21,854 | 24,000 | 49,687 | 64,740 | 77,846 | 80,940 |
| 3,592 | 2,937 | 3,181 | 3,277 | 3,298 | 4,354 | 1,861 | 2,177 | 2,766 | |
| Total Liabilities | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 | 62,600 | 76,867 | 93,808 | 98,047 |
| 318 | 314 | 303 | 282 | 266 | 361 | 349 | 320 | 306 | |
| CWIP | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 | 101 | 600 | 884 | 976 |
| 18,479 | 20,050 | 24,215 | 27,370 | 30,027 | 62,138 | 75,918 | 92,603 | 96,765 | |
| Total Assets | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 | 62,600 | 76,867 | 93,808 | 98,047 |
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 |
Ratios
Consolidated / 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Adequacy Ratio (CRAR) % ・Standalone data |
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| Gross NPA Ratio % ・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
-
Consolidated Financial Statements For Half Year Ended 30092026
- Auditors gave unmodified opinion on IREDA’s consolidated H1 FY2026 statements; noted ₹386.76 crore NPA classification.
-
Standalone Financial Statements For Half Year Ended 30092026
- Audited standalone interim results for H1 FY2026; profit Rs 891.75 crore, total income Rs 4,594.29 crore.
- Announcement under Regulation 30 (LODR)-Investor Presentation
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 19.10.2026
- IREDA approved Q2/H1 FY27 audited results; profit ₹554.26 crore, plus three fraud cases of ₹672.74 crore.
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Board Meeting Intimation for 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.
- IREDA board to meet on October 19, 2026, to approve audited Q2 and half-year FY2026 results.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Ownership:[1] [2] [3]
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.