IREDA Share Price: As in today’s time, the government is encouraging the people of the country a lot regarding Indian Renewable Energy and is also providing subsidies for this.
In such a situation, if you are an investor, then it has become very important for you to know the IREDA Shares Trend of different years and understand how much its price can go up in the coming few years.
Indian Renewable Energy Development Agency (IREDA) Ltd Company Overview
IREDA was formed under the Company Act 1956 while it was established in 1987. For your information, let us tell you that it is monitored by the Ministry of New and Renewable Energy.
IREDA actually plays a very important role in the renewable energy sector. There are a total of 2700 IREDA Renewable Energy Projects in it which contribute to generating 18000 megawatt energy capacity, due to which energy is delivered to people in different places through green energy sources.
Every year several million tons of energy are produced and reach different villages and towns, due to which you can generate electricity without any pollution.
| Company Name | Indian Renewable Energy Development Agency Ltd |
| Founded | 1987 |
| Headquarters | New Delhi |
| Industry | Renewable Energy |
| Founder | Pradip Kumar Das |
| CEO | Pradip Kumar Das |
| Stock Exchange Listing | NSE & BSE |
| Official Website | ireda.in |
IREDA Ltd Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹56,389.30 Cr. |
| ROE | 17.28% |
| ROCE | 9.29% |
| P/E | 39.04 |
| P/B | 6.04 |
| Industry P/E | 25.69 |
| Debt to Equity | 5.85 |
| Div. Yield | 0% |
| Book Value | ₹34.74 |
| Face Value | ₹10 |
| EPS (TTM) | ₹5.37 |
| 52 Week High | ₹310 |
| 52 Week Low | ₹49.99 |
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IREDA Ltd Financials
Income Statement
| METRIC | 2024 | Y/Y CHANGE |
|---|---|---|
| Revenue | 18.68B | +40.69% |
| Operating expense | 2.00B | +21.21% |
| Net income | 12.52B | +44.83% |
| Net profit margin | 67.02 | – |
| Earnings per share | 5.16 | – |
| EBITDA | — | – |
| Effective tax rate | 25.69% | – |
Balance Sheet
| METRIC | 2024 | Y/Y CHANGE |
|---|---|---|
| Cash and short-term investments | 12.20B | -20.22% |
| Total assets | 626.00B | +24.09% |
| Total liabilities | 540.41B | +21.41% |
| Total equity | 85.59B | – |
| Shares outstanding | 2.69B | – |
| Price to book | 6.43 | – |
| Return on assets | 2.22% | – |
| Return on capital | — | – |
Cash Flow
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Net income | 12.52B | +44.83% |
| Cash from operations | -111.00B | +10.07 |
| Cash from investing | -231.62M | -34.59% |
| Cash from financing | 110.59B | -10.58% |
| Net change in cash | -642.37M | -982.96% |
| Free cash flow | — | — |
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IREDA Share Price Target Chart From 2024 to 2030
| Year | Share Price Target |
|---|---|
| IREDA Target Price 2024 | ₹310 |
| IREDA Target Price 2025 | ₹550 |
| IREDA Target Price 2026 | ₹640 |
| IREDA Target Price 2027 | ₹750 |
| IREDA Target Price 2028 | ₹890 |
| IREDA Target Price 2029 | ₹1060 |
| IREDA Target Price 2030 | ₹1260 |
IREDA Share Price Target 2024
By 2050, the share price is expected to go up to 310 INR. But IREDA’s stock can also be at a very high value, especially if the world’s trend towards green energy strengthens.
IREDA Share Price Target 2025
The company’s new projects and government support are expected to lead to positive growth in the share price by 2025. It is estimated that the stock could reach 550 INR, especially if the renewable energy sector grows.
IREDA Share Price Target 2026
By 2026, the full impact of IREDA’s plans and projects can be seen. Based on investor interest and the company’s stable growth rate, the share price is expected to reach 640 INR in 2026.
IREDA Share Price Target 2027
If the company successfully achieves all its targets, IREDA’s share price may increase further in 2027. According to market analysis, by this time the stock could be between 750 INR.
IREDA Share Price Target 2028
In 2028, IREDA’s share price is expected to grow with stability and can go up to 890 INR. Because it is expected to continue with development and government support.
IREDA Share Price Target 2029
IREDA’s share price can go up to 1060 INR in 2029. Especially when the demand for green energy continues to grow, the estimate made for this year can also be left behind, and the price can skyrocket.
IREDA Share Price Target 2030
By 2030, IREDA can become a major player in the renewable energy sector. If the company achieves its goals, the share price can reach 1260 INR.
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Factors Affecting The IREDA Stock Price
It is very important for an investor to understand the following factors that impact IREDA’s share price.
1. Government Policies
The Indian government plays a key role in building the renewable energy sector:
- Renewable Energy Goals: The government has set ambitious targets for renewable energy, including achieving 500 GW of non-fossil fuel capacity by 2030. Successful progress towards these targets will positively impact IREDA’s share price.
- Incentives and Subsidies: Financial incentives for renewable energy projects, such as tax breaks and subsidies, can increase the viability of IREDA projects. This will lead to an increase in share prices.
- Regulatory Environment: Changes in regulations regarding renewable energy can impact IREDA’s operations. A stable and supportive regulatory framework can attract more investments and boost share prices, while the opposite can have the opposite effect.
2. Economic Indicators
- Interest rates: Fluctuations in interest rates can affect the cost of borrowing for companies, including those in the renewable energy sector. Lower interest rates generally spur investment, while higher rates can deter it, which could impact IREDA’s funding and project development.
- Inflation: Rising inflation can reduce purchasing power and increase operational costs for businesses. For IREDA, this could mean that the cost of financing renewable energy projects will rise, which could impact profitability and share price.
- GDP growth: A growing economy generally drives up energy demand and investment in infrastructure, including renewable energy.
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3. Competition in the Renewable Energy Sector
The renewable energy sector is becoming increasingly competitive, involving both public and private players:
- Market share: If IREDA establishes itself as a leader in renewable energy projects, this could lead to positive value potential.
- Innovation and technological advancement: Increasing new technologies can disrupt the market. If IREDA performs well in this, it can expand its project offerings and maintain investor interest, which could lead to an increase in the share price.
4. Global Trends in Renewable Energy Investments
- International agreements: Commitments to climate change, such as the Paris Agreement, can boost global investment in renewable energy. As countries try to fulfill their promises, demand for financing from IREDA may increase, which will positively impact the share price.
- Foreign investment: Growing foreign direct investment (FDI) in India’s renewable energy sector could enhance IREDA’s funding capabilities. Increased international interest could lead to a rise in share prices.
- Market sentiment: Global market sentiment towards renewable energy could impact domestic stocks. The sentiment of positivity around sustainability and clean energy could boost IREDA’s share price if it aligns with broader environmental goals.
IREDA Shareholding Pattern
- Retail & Other: 22.62%
- Promoters: 75.00%
- Foreign Institution: 2.02%
- Mutual Funds: 0.19%
- Other Domestic Institution: 0.16%
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Conclusion
So through this article, you have learned about IREDA Stocks Price Prediction of different years. Keeping in mind the information given, you can decide whether you should invest in IREDA Stock Price or not.
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FAQs
-
Is Indian renewable energy share good to buy?
Yes.
-
Is IREDA undervalued or overvalued?
Overvalued.
-
Is IREDA a monopoly?
Yes.
Disclaimer: The information given in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.
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