Indian Renewable Energy Development Agency
Indian Renewable Energy Development Agency Share Price Chart
Indian Renewable Energy Development Agency last traded at ₹104.39 (2026-10-13). Over the past month the stock moved -7.9%, three months the stock moved -19.4%, year the stock moved -28.6%. Its closing range over 52 weeks is ₹103.80 – ₹153.40, with the latest close 31.9% below the high.
Closing prices up to 2026-10-13.
About Indian Renewable Energy Development Agency
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]
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.
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), Indian Renewable Energy Development Agency reported sales of ₹2,248.00 crore (+15.5%) and net profit of ₹338.00 crore (+36.8%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 2,248 | 422.00 | 19.00 | 338.00 | 1.20 |
| Mar 2026 | 2,175 | 626.00 | 29.00 | 493.00 | 1.75 |
| Dec 2025 | 2,130 | 718.00 | 34.00 | 585.00 | 2.08 |
| Sep 2025 | 2,057 | 706.00 | 34.00 | 549.00 | 1.95 |
| Jun 2025 | 1,947 | 302.00 | 16.00 | 247.00 | 0.88 |
| Mar 2025 | 1,904 | 630.00 | 33.00 | 502.00 | 1.87 |
| Dec 2024 | 1,698 | 548.00 | 32.00 | 425.00 | 1.58 |
| Sep 2024 | 1,630 | 469.00 | 29.00 | 388.00 | 1.44 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +38.5% | +35.5% | +36.9% | +28.9% | +26.2% | +25.4% | +14.2% | +15.5% |
| Operating profit growth | +21.2% | +39.1% | +29.1% | -37.6% | +50.5% | +31.0% | -0.6% | +39.7% |
| Net profit growth | +36.1% | +26.5% | +49.0% | -35.7% | +41.5% | +37.6% | -1.8% | +36.8% |
| EPS growth | +15.2% | +26.4% | +48.4% | -38.5% | +35.4% | +31.6% | -6.4% | +36.4% |
| OPM % | 29.0% | 32.0% | 33.0% | 16.0% | 34.0% | 34.0% | 29.0% | 19.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), Indian Renewable Energy Development Agency reported sales of ₹8,309.00 crore (+23.0%) and net profit of ₹1,873.00 crore (+10.2%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 8,309 | 2,352 | 28.00 | 1,873 | 6.67 |
| Mar 2025 | 6,754 | 2,142 | 32.00 | 1,699 | 6.32 |
| Mar 2024 | 4,965 | 1,716 | 35.00 | 1,252 | 4.66 |
| Mar 2023 | 3,483 | 1,163 | 33.00 | 865.00 | 3.78 |
| Mar 2022 | 2,860 | 843.00 | 29.00 | 634.00 | 2.77 |
| Mar 2021 | 2,655 | 590.00 | 22.00 | 346.00 | 4.42 |
| Mar 2020 | 2,368 | 259.00 | 11.00 | 215.00 | 2.73 |
| Mar 2019 | 2,020 | 406.00 | 20.00 | 250.00 | 3.19 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +72.1% | +17.2% | +12.1% | +7.7% | +21.8% | +42.5% | +36.0% | +23.0% |
| Operating profit growth | -3.6% | -36.2% | +127.8% | +42.9% | +38.0% | +47.5% | +24.8% | +9.8% |
| Net profit growth | -16.1% | -14.0% | +60.9% | +83.2% | +36.4% | +44.7% | +35.7% | +10.2% |
| EPS growth | -99.2% | -14.4% | +61.9% | -37.3% | +36.5% | +23.3% | +35.6% | +5.5% |
| OPM % | 20.0% | 11.0% | 22.0% | 29.0% | 33.0% | 35.0% | 32.0% | 28.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
IREDA trades at ₹130.15, down 5.6% over 1 month but up 19.8% YoY, positioning it 30% below its 52W high of ₹186.55. The company demonstrates strong operational profitability (34% OPM in recent quarters, TTM NPM 23.4%) and robust revenue growth (TTM ₹8,038 Cr, +19% YoY), but valuation appears stretched at 19.35x P/E vs 9.52x industry average, and critically, negative operating cash flow (₹-14,461 Cr in Mar 2025) signals severe working capital strain despite strong accrual-based earnings. Key near-term risk: recent NSE index removal and rising D/E ratio (5.41x as of Sep 2025) expose the high leverage model to refinancing stress.
- TTM net profit margin of 23.4% and OPM of 29% demonstrate superior operational efficiency and earnings quality relative to peer utilities; Dec 2025 quarter shows sustained 34% OPM with ₹585 Cr net profit.
- Revenue growth of 19% YoY (TTM ₹8,038 Cr vs ₹6,754 Cr prior year) and quarterly sales acceleration (Dec 2025: ₹2,130 Cr, +3.5% QoQ) confirm robust loan book expansion; loan book climbed 22% YoY as per March 2026 update.
- Strong promoter ownership of 71.76% and FII inflow (+0.15% QoQ to 2.07%) indicate insider confidence despite recent index removal; government backing (MNRE entity) provides implicit policy tailwinds in renewable energy financing.
- Critical cash flow deterioration: Operating cash flow of ₹-14,461 Cr (Mar 2025, worsened from ₹-11,100 Cr in Mar 2024) reveals severe working capital deficit despite accrual-based profit of ₹1,699 Cr; this 86% cash conversion failure signals potential liquidity stress and unsustainable lending growth model requiring continuous refinancing.
- Elevated financial leverage (D/E 5.41x as of Sep 2025, up from 5.80x in Mar 2024 despite margin growth) combined with NSE index removal from multiple key indices creates refinancing risk and liquidity headwind; P/E of 19.35x vs 9.52x industry average is unjustified given leverage and cash flow structure, positioning stock for multiple compression if credit concerns surface.
AI-generated analysis for informational purposes only — not SEBI-registered investment advice.
See Full AI Analysis — Free FREE →Latest News
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IREDA share price falls from ₹310 to ₹111 | Govt decision on top management; what exchange filing said
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IREDA share price falls from ₹310 to ₹111 | Govt decision on top management; what exchange filing said
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Indian Renewable Energy Development Agency consolidated net profit rises 37.12% in the June 2026 quarter - Business Standard
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Indian Renewable Energy Development Agency Stock Slides 2.27% Even as Q1 Net Profit Goes Up 36.8%
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Indian Renewable Energy Development Agency consolidated net profit rises 37.12% in the June 2026 quarter - Business Standard
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IREDA Q1 Results: Net profit rises 37% YoY to ₹339 crore; asset quality stays stable
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Indian Renewable Energy Development Agency shares gain 2.12% in today's session - Moneycontrol.com
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IREDA appoints J.V.N Subramanyam as Government Nominee Director - scanx.trade
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3 out of 3 years Indian Renewable Energy Development Agency has given positive returns in April - Moneycontrol.com
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NSE revokes IREDA inclusion in several key indices, stock tumbles - BFSI News
Frequently Asked Questions
What is Indian Renewable Energy Development Agency's current stock price?
Indian Renewable Energy Development Agency shares were last quoted at ₹104.39 (-0.0% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of Indian Renewable Energy Development Agency?
Indian Renewable Energy Development Agency has a price-to-earnings (P/E) ratio of 16.20 and a price-to-book (P/B) ratio of 2.26. The industry P/E is 7.94.
What is the 52-week high and low of Indian Renewable Energy Development Agency?
The 52-week high of Indian Renewable Energy Development Agency is ₹158.75 and the 52-week low is ₹107.40.
What is the market cap of Indian Renewable Energy Development Agency?
The market capitalisation of Indian Renewable Energy Development Agency is about ₹31,856.68 crore.
How did Indian Renewable Energy Development Agency perform in its latest quarterly results?
In the latest quarter (Jun 2026), Indian Renewable Energy Development Agency reported sales of ₹2,248.00 crore (+15.5%) and net profit of ₹338.00 crore (+36.8%), compared with the same quarter last year.
Is Indian Renewable Energy Development Agency a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, Indian Renewable Energy Development Agency has a 3-year ROE of 17.00%, 3-year profit growth of 29.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in Indian Renewable Energy Development Agency?
Promoters hold about 71.76% of Indian Renewable Energy Development Agency.
Which sector does Indian Renewable Energy Development Agency belong to?
Indian Renewable Energy Development Agency belongs to the Power Generation/Distribution sector.
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