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Indian Renewable Energy Development Agency Ltd.
(IREDA)
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Rating:59Neutral
Price Target:
₹106.00
▼(-10.36% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily supported by solid financial growth/profitability, but is materially tempered by high leverage and cash-flow volatility. Technical indicators are bearish (below major moving averages with negative MACD and weak RSI), while valuation is reasonable on P/E but offers limited support from dividend yield.
Positive Factors
Renewable-energy lending niche
IREDA operates in a specialized financing niche aligned with renewable-energy and efficiency investment. Its government ownership and sector focus can support durable relevance as clean-energy projects require substantial long-term debt funding, while domain expertise may strengthen customer access and lending capabilities.
Negative Factors
High financial leverage
Persistently high leverage leaves IREDA more exposed to adverse credit cycles and changes in funding conditions. Although equity increased in FY2026, debt remains large relative to the capital base, limiting financial flexibility and increasing the potential effect of loan losses or weaker asset quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewable-energy lending niche
IREDA operates in a specialized financing niche aligned with renewable-energy and efficiency investment. Its government ownership and sector focus can support durable relevance as clean-energy projects require substantial long-term debt funding, while domain expertise may strengthen customer access and lending capabilities.
Read all positive factors
Indian Renewable Energy Development Agency Ltd. (IREDA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹279.80B
Dividend Yield1.36%
Average Volume (3M)439.72K
Price to Earnings (P/E)14.2
Beta (1Y)1.65
Revenue Growth16.69%
EPS Growth10.98%
CountryIN
Employees166
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)7.02
Shares Outstanding2,809,231,200
10 Day Avg. Volume407,396
30 Day Avg. Volume439,723
Financial Highlights & Ratios
PEG Ratio2.50
Price to Book (P/B)2.20
Price to Sales (P/S)3.67
P/FCF Ratio9.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹120.00Price Target Upside1.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)8.6
Revenue Forecast (FY)₹42.00B
Indian Renewable Energy Development Agency Ltd. Business Overview & Revenue Model
Company Description
Indian Renewable Energy Development Agency Limited, a non-banking financial company, provides financial products and services in the renewable energy and energy efficiency sectors in India. The company promotes, develops, and extends financial ass...
How the Company Makes Money
IREDA primarily makes money by operating as a specialized lender to renewable and energy-efficiency projects and related counterparties. Its main revenue model is interest-based: it raises funds (e.g., through borrowings and other funding sources)...
Indian Renewable Energy Development Agency Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.31B | 82.64B | 66.19B | 48.38B | 33.43B | 27.80B |
| Gross Profit | 35.44B | 32.72B | 43.10B | 27.52B | 21.01B | 20.26B |
| EBITDA | 25.98B | 23.81B | 40.39B | 28.51B | 20.61B | 17.38B |
| Net Income | 19.68B | 18.74B | 16.98B | 12.52B | 8.65B | 6.34B |
Balance Sheet | ||||||
| Total Assets | 980.47B | 938.08B | 797.35B | 626.00B | 504.47B | 367.08B |
| Cash, Cash Equivalents and Short-Term Investments | 9.98B | 7.50B | 11.24B | 6.88B | 9.12B | 5.27B |
| Total Debt | 809.40B | 745.88B | 647.40B | 506.91B | 401.70B | 276.18B |
| Total Liabilities | 837.06B | 800.22B | 694.68B | 540.41B | 445.12B | 314.40B |
| Stockholders Equity | 143.40B | 137.85B | 102.67B | 85.59B | 59.35B | 52.68B |
Cash Flow | ||||||
| Free Cash Flow | 13.56B | 30.64B | -144.85B | -111.23B | 11.93B | 8.78B |
| Operating Cash Flow | 13.63B | 30.79B | -144.60B | -111.00B | 12.11B | 8.86B |
| Investing Cash Flow | -87.24B | -170.78B | -5.18B | -231.62M | -172.09M | -62.34B |
| Financing Cash Flow | 72.91B | 142.31B | 149.60B | 110.59B | 123.68B | 52.71B |
Indian Renewable Energy Development Agency Ltd. Technical Analysis
Negative
118.25
Price Trends
109.62
Negative
115.74
Negative
120.62
Negative
Market Momentum
-2.84
Positive
32.88
Neutral
16.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IREDA, the sentiment is Negative. The current price of 118.25 is above the 20-day moving average (MA) of 104.93, above the 50-day MA of 109.62, and below the 200-day MA of 120.62, indicating a bearish trend. The MACD of -2.84 indicates Positive momentum. The RSI at 32.88 is Neutral, neither overbought nor oversold. The STOCH value of 16.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IREDA.
Indian Renewable Energy Development Agency Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹750.47B | 4.99 | ― | 5.99% | -2.74% | -12.39% | |
65 Neutral | ₹1.04T | 3.97 | ― | 5.97% | 3.53% | 7.13% | |
61 Neutral | ₹15.06B | 8.43 | ― | 3.38% | -21.30% | -48.91% | |
59 Neutral | ₹279.80B | 14.17 | ― | 1.36% | 16.69% | 10.98% | |
59 Neutral | ₹612.82B | 17.89 | ― | 1.12% | 17.30% | 26.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹147.24B | 85.42 | ― | 7.28% | -2.70% | -45.62% |
* General Sector Average
IN:IREDA
Indian Renewable Energy Development Agency Ltd.
99.60
-51.83
-34.23%
IN:IFCI
IFCI Limited
54.65
-2.69
-4.69%
IN:LTF
L&T Finance Ltd
244.50
-32.40
-11.70%
IN:PFC
Power Finance Corporation Limited
314.00
-70.47
-18.33%
IN:PFS
PTC India Financial Services Limited
23.45
-13.26
-36.12%
IN:RECLTD
REC Limited
285.00
-76.07
-21.07%
Indian Renewable Energy Development Agency Ltd. Corporate Events
IREDA Agrees Performance MoU with MNRE for FY 2026-27
Oct 5, 2026
Indian Renewable Energy Development Agency Ltd., a government-owned financier of renewable energy and energy efficiency projects, operates under the Ministry of New and Renewable Energy to support India’s clean power transition. The company&...
IREDA Shareholders Clear All Resolutions at 39th AGM Held Virtually
Sep 30, 2026
Indian Renewable Energy Development Agency Ltd. is a government-backed financial institution focused on promoting and financing renewable energy and energy efficiency projects across India. Listed on the National Stock Exchange and BSE with the sy...
IREDA Reshuffles Senior Management, Sets Record Date for FY26 Dividend
Aug 22, 2026
Indian Renewable Energy Development Agency Ltd. has announced changes in its senior management, with four project-focused executives ceasing to be designated as senior management personnel effective 22 August 2026, citing organizational requiremen...
IREDA Reshapes Senior Management and Sets Record Date for FY26 Dividend
Aug 22, 2026
Indian Renewable Energy Development Agency Limited has announced changes in its senior management, with four project-focused executives ceasing to be designated as senior management personnel from August 22, 2026, citing organizational requirement...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.