| Quarterly Financials | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 1,340 | 1,504 | 1,621 | 1,668 | 1,904 | 1,946 | 2,051 |
| Expenses | 56 | 51 | 131 | 119 | 170 | 427 | 138 |
| EBITDA | 1,285 | 1,453 | 1,490 | 1,550 | 1,733 | 1,519 | 1,913 |
| Operating Profit % | 96 % | 97 % | 92 % | 93 % | 91 % | 78 % | 93 % |
| Depreciation | 9 | 9 | 9 | 10 | 11 | 10 | 10 |
| Interest | 847 | 975 | 1,030 | 1,032 | 1,104 | 1,218 | 1,213 |
| Profit Before Tax | 480 | 476 | 460 | 538 | 630 | 305 | 696 |
| Tax | 142 | 92 | 72 | 113 | 128 | 58 | 147 |
| Net Profit | 337 | 384 | 388 | 425 | 502 | 247 | 549 |
| EPS in ₹ | 1.25 | 1.43 | 1.44 | 1.58 | 1.87 | 0.91 | 1.97 |
IREDA
IREDA
155.57
+4.10
(2.71%)
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Key Fundamentals
Market Cap
42,551.40 Cr
EPS
6.32
PE Ratio
25.36
Dividend Yield
0.00 %
Industry
Financial Services 52 Week High
234.29
52 Week Low
137.01
PB Ratio
3.56
Debt to Equity
6.08
Sector
Financial Institution Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
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Indian Renewable Energy Development Agency Ltd. (IREDA) received an upgrade in its long-term issuer credit rating from S&P Global Ratings to 'BBB' from 'BBB-', with a stable outlook. The short-term rating was also revised to 'A-2' from 'A-3'. This upgrade aligns IREDA's international credit rating with India's sovereign credit rating. S&P Global Ratings cited IREDA's robust asset quality, sound capitalization and strong liquidity profile as key factors for the upgrade. The rating enhancement is expected to strengthen IREDA's funding capabilities, reduce its cost of capital and enhance investor confidence in both equity and debt capital markets. Chairman & Managing Director Pradip Kumar Das stated the upgrade validates IREDA's financial strength and will enable more competitive capital access.
IREDA Appoints Rahul Kamal as General Manager (Projects)Oct 14, 2025
Indian Renewable Energy Development Agency Limited (IREDA) announced that Rahul Kamal has joined the company as General Manager (Projects), a Senior Management Personnel position, effective October 9, 2025. Kamal brings over 24 years of experience and holds degrees in Mechanical Engineering from Delhi College of Engineering, an MBA in Finance from Delhi University, M.Tech in Thermal Engineering from IIT Delhi, and a Master's in Business Law from NLSIU Bangalore. He previously worked with NTPC Limited before joining IREDA.
IREDA's quarterly results show improvement in asset quality metrics. Gross Non-Performing Assets (GNPA) decreased to 3.97% from 4.13% quarter-on-quarter. Net Non-Performing Assets (NNPA) also declined to 1.97% from 2.06% quarter-on-quarter. The reduction in both ratios indicates better loan portfolio performance for the renewable energy financing company.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
125.09 | #1 1,60,442.00 | 23.93 | 27,156.50 | 1.88 | 6,502 | 10.19 | 50.50 | |
408.80 | 1,30,222.00 | 4.18 | #1 1,07,203.50 | 17.05 | #1 30,514 | 25.05 | 56.92 | |
385.55 | 97,152.80 | 5.89 | 56,434.00 | 18.63 | 15,884 | 9.34 | 60.40 | |
235.68 | 45,226.90 | 16.99 | 10,348.40 | 30.20 | 2,709 | 12.98 | 60.36 | |
155.57 | #5 42,551.40 | #6 25.36 | #5 6,755.70 | #1 36.06 | #5 1,698 | #2 41.65 | 57.48 | |
57.07 | 15,187.80 | 30.85 | 2,064.20 | 22.36 | 349 | #1 170.91 | 54.62 | |
70.16 | 3,272.80 | 37.95 | 254.30 | -1.62 | 85 | -8.80 | 40.99 | |
13.43 | 118.30 | #1 -0.96 | 17.20 | -20.00 | -125 | 0.64 | 46.09 |
Growth Rate
Revenue Growth
36.06 %
Net Income Growth
35.63 %
Cash Flow Change
-30.27 %
ROE
13.06 %
ROCE
0.12 %
EBITDA Margin (Avg.)
-5.36 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2024 | 2025 |
| Total Assets | 20,378 | 24,530 | 27,652 | 30,293 | 62,600 | 79,735 |
| Fixed Assets | 314 | 303 | 282 | 266 | 361 | 349 |
| Current Assets | 4,587 | 3,283 | 4,249 | 2,910 | 3,074 | 3,106 |
| Capital Work in Progress | 3 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 101 | 600 |
| Other Assets | 20,060 | 24,227 | 27,370 | 30,027 | 62,138 | 78,786 |
| Total Liabilities | 20,378 | 24,530 | 27,652 | 30,293 | 62,600 | 79,735 |
| Current Liabilities | 2,963 | 3,225 | 4,127 | 4,470 | 4,437 | 4,951 |
| Non Current Liabilities | 15,002 | 18,741 | 21,004 | 22,828 | 49,604 | 64,517 |
| Total Equity | 2,413 | 2,564 | 2,522 | 2,996 | 8,559 | 10,267 |
| Reserve & Surplus | 1,629 | 1,780 | 1,737 | 2,211 | 5,872 | 7,579 |
| Share Capital | 785 | 785 | 785 | 785 | 2,688 | 2,688 |
Cash Flow
| Cash Flow | 2017 | 2018 | 2019 | 2020 | 2021 | 2024 | 2025 |
| Net Cash Flow | 1,081 | -198 | -1,319 | 431 | -767 | -64 | -17 |
| Investing Activities | -282 | -53 | -37 | -0 | -2 | -23 | -518 |
| Operating Activities | -1,282 | -1,846 | -5,018 | -1,709 | -3,206 | -11,100 | -14,460 |
| Financing Activities | 2,644 | 1,701 | 3,736 | 2,141 | 2,441 | 11,059 | 14,960 |
Share Holding
| % Holding | Nov 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 71.76 % | 71.76 % |
| FIIs | 0.00 % | 1.88 % | 1.36 % | 2.70 % | 2.02 % | 1.85 % | 1.75 % | 2.04 % | 1.92 % |
| DIIs | 8.10 % | 4.37 % | 0.95 % | 0.42 % | 0.35 % | 0.64 % | 0.51 % | 2.95 % | 2.57 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 12.41 % | 17.58 % | 21.33 % | 20.39 % | 21.34 % | 21.24 % | 21.44 % | 21.33 % | 22.39 % |
| Others | 4.50 % | 1.17 % | 1.36 % | 1.49 % | 1.28 % | 1.27 % | 1.30 % | 1.92 % | 1.36 % |
| No of Share Holders | 5,26,355 | 13,67,950 | 21,47,270 | 22,43,290 | 26,16,560 | 26,19,360 | 26,79,940 | 26,41,980 | 26,56,620 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 24 Jun 2024 |  Annual General Meeting | NA | 24 Jun 2024 | 181.30 | 187.85 |
| 10 Oct 2024 |  Quarterly Result Announcement | NA | 10 Oct 2024 | 235.15 | 231.15 |
| 09 Jan 2025 | Quarterly Result Announcement | NA | 09 Jan 2025 | 222.30 | 223.30 |
| 24 Feb 2025 |  Extraordinary General Meeting | NA | 24 Feb 2025 | 186.90 | 177.15 |
| 15 Apr 2025 | Quarterly Result Announcement | NA | 15 Apr 2025 | 156.50 | 154.15 |
| 10 Jul 2025 | Quarterly Result Announcement | NA | 10 Jul 2025 | 166.70 | 165.90 |
| 07 Aug 2025 | Annual General Meeting | NA | 07 Aug 2025 | 160.00 | 144.40 |
| 14 Oct 2025 | Quarterly Result Announcement | NA | 14 Oct 2025 | 152.45 | 150.20 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 hours ago
8 hours agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Change in ManagementOct 14, 2025
Oct 14, 2025Audited Consolidated Financials For The Half Year Ended 30092025Oct 14, 2025
Oct 14, 2025Audited Standalone Financials For The Half Year Ended 30092025Oct 14, 2025
Oct 14, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 14, 2025
Oct 14, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On October 14 2025Oct 14, 2025
Oct 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Oct 10, 2025 Intimation Regarding Change In Details Of The Registrar And Share Transfer Agent Of The Company - MUFG Intime India Private LimitedOct 09, 2025
Oct 09, 2025Board Meeting Intimation for Audited (Standalone & Consolidated) Financial Results Of The Company For The Quarter & Half Year Ended September 302025.Oct 08, 2025
Oct 08, 2025IREDA - Business Performance Upto September 30 2025 (Provisional)Sep 30, 2025
Sep 30, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)Sep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 14, 2025
Aug 14, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 08, 2025
Aug 08, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 07, 2025
Aug 07, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 01, 2025
Aug 01, 2025Comments Of C&AG On Audited Financial Statements(Standalone & Consolidated ) For FY 2024-25Jul 30, 2025
Jul 30, 2025Presentation Of Analyst Meet Scheduled To Be Held On July 21 2025 At Mumbai.Jul 19, 2025
Jul 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 16, 2025
Jul 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Jul 14, 2025Intimation Of Notice Along With The Annual Report Of 38Th Annual General Meeting (AGM) Of The Company Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 14, 2025
Jul 14, 2025Consolidated Financial Statements For The Quarter Ended 30.06.2025Jul 10, 2025
Jul 10, 2025Standalone Financial Statements For The Quarter Ended 30.06.2025Jul 10, 2025
Jul 10, 2025Investor Presentation For The Quarter Ended 30.06.2025Jul 10, 2025
Jul 10, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On July 10 2025Jul 10, 2025
Jul 10, 2025 Permission To Issue Capital Gain Tax Exemption Bonds Under Section 54EC Of Income Tax Act 1961Jul 10, 2025
Jul 10, 2025Board Meeting Intimation for Intimation Of Board Meeting To Be Held On July 10 2025.Jul 07, 2025
Jul 07, 2025IREDA - Business Performance For The Quarter Ended June 30 2025 (Provisional)Jun 30, 2025
Jun 30, 2025Closure of Trading WindowJun 25, 2025
Jun 25, 2025Admission Of Application Under Section 7 Of Insolvency And Bankruptcy Code 2016 Against M/S Gensol EV Lease Limited Subsidiary Of M/S Gensol Engineering LimitedJun 13, 2025
Jun 13, 2025Admission Of Application Under Section 7 Of Insolvency And Bankruptcy Code 2016 Against M/S Gensol Engineering LimitedJun 13, 2025
Jun 13, 2025Paid-Up Equity Share Capital Of The CompanyJun 13, 2025
Jun 13, 2025Outcome Of The Board Meeting Held On 11.06.2025Jun 11, 2025
Jun 11, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On 11.06.2025Jun 11, 2025
Jun 11, 2025Outcome Of The Board Meeting Held On 10.06.2025Jun 10, 2025
Jun 10, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On 10.06.2025Jun 10, 2025
Jun 10, 2025Outcome Of The Board Meeting Held On 05.06.2025Jun 05, 2025
Jun 05, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On 05.06.2025Jun 05, 2025
Jun 05, 2025Filing Of Application Before HonBle Debt Recovery Tribunal Delhi Against M/S Gensol Engineering Limited And M/S Gensol EV Lease Pvt LimitedMay 21, 2025
May 21, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 20, 2025
May 20, 2025Filing Of Application Under Section 7 Of Insolvency And Bankruptcy Code 2016 Against M/S Gensol EV Lease Limited Subsidiary Of M/S Gensol Engineering LimitedMay 16, 2025
May 16, 2025Mutual Fund Holdings
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Bandhan Nifty Midcap 150 Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 49.04
ATR(14)
Less Volatile 3.59
STOCH(9,6)
Neutral 45.69
STOCH RSI(14)
Neutral 53.22
MACD(12,26)
Bearish -0.06
ADX(14)
Weak Trend 19.37
UO(9)
Bearish 34.93
ROC(12)
Uptrend And Accelerating 1.76
WillR(14)
Neutral -61.85
About IREDA
Indian Renewable Energy Development Agency Limited (IREDA) is a Public Limited Government Company established in 1987 as a Non-Banking Financial Institution. It operates under the Ministry of New and Renewable Energy (MNRE) and has 'Navratna' status. IREDA provides financial assistance for renewable energy projects in India, including wind, solar, hydro, biomass, and waste-to-energy. The company offers various financial products such as long-term and short-term loans, take-out financing, bridge loans, and non-fund based assistance. IREDA plays a strategic role in promoting and developing the renewable energy sector in India, implementing government initiatives and policies. In 2023, the Reserve Bank of India granted IREDA the status of an Infrastructure Finance Company.
Listing Date
29 Nov, 2023(1 Years,
31 days)
Website
Chairperson NamePradeep Kumar Das
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