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Swing Capital

Indian Renewable Energy Development Agency Ltd

NSE: IREDA BSE: 544026Banking

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]

₹126
52W: ₹109 — ₹187
PE 18.9 · Book ₹46 · +174% vs book
Market Cap₹35,495 Cr
Stock P/E18.9Price to Earnings
ROCE9.37%Return on Capital
ROE18%Return on Equity
Div. Yield0.48%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 51.3% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 2.67 times its book value
  • −Company has low interest coverage ratio.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters71.76%
FIIs2.14%
DIIs2.44%
Public23.65%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75%75%75%75%71.76%▼3.271.76%71.76%71.76%
FIIs2.7%2.02%▼0.71.85%▼0.21.74%▼0.12.04%▲0.31.92%▼0.12.07%▲0.12.14%▲0.1
DIIs0.42%0.35%▼0.10.63%▲0.30.51%▼0.12.95%▲2.42.57%▼0.42.51%▼0.12.44%▼0.1
Public21.87%22.62%▲0.822.51%▼0.122.74%▲0.223.24%▲0.523.75%▲0.523.67%▼0.123.65%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales0000000000
Expenses-3995651131119170427138179
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit285336337384388425502247549585
EPS ₹1.251.251.261.431.441.581.870.881.952.08

AI Insights

Revenue Trend

TTM revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 2.44% (-1.93pp change). FIIs: 2.14% (+0.26pp change). Promoters hold 71.76%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2025). Working capital days: 0.

Valuation

PE 18.9x with 9.37% ROCE. Price is 174% above book value of ₹46. Dividend yield: 0.48%.

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