Indian Renewable Energy Development Agency Limited
₹99.60-₹1.90 (-1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹39,326 Cr
- P/E
- 20.9x
- Revenue
- ₹6,754 Cr
- ROCE
- 14.3%
Price chart
Technical chartScreen technicals →-35.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.8%
- 3M
- -16.9%
- 6M
- -26.2%
- 1Y
- -35.2%
- 5Y
- +58.7%
52-week range
Day change -₹1.90 (-1.9%) from ₹102 to ₹100 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in IREDA, bought on each weekday since 2023.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.0%
Concerns1
- Negative free cash flow (₹15004 Cr)
Rule-based from financial data. Not advice.
About the company
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 assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. It also generates solar, wind, hydro, biomass, biofuels, and waste to energy power. The company was incorporated in 1987 and is based in New Delhi, India.
- Sector
- Financial Services
- Shares outstanding
- 281 Cr shares
- ISIN
- INE202E01016
- BSE code
- 544026
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹39,326 Cr
- P/E
- 20.9x
- P/B
- 3.0x
- Earnings yield
- 4.8%
- 52-week high
- ₹155.45
- 52-week low
- ₹99.60
Profitability
- ROE
- 16.5%
- ROCE
- 14.3%
- Dividend payout
- 0.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- -0.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹6,754 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 36.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹1.00 Cr
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 35.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 42.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹11,100 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -10.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹44.0 Cr
Solvency and efficiency
- CFO / Net profit
- -8.87
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹25 was left as net profit.
| From | To | Amount |
|---|---|---|
| Revenue | Interest paid | ₹4,141 Cr |
| Revenue | Expenses | ₹471 Cr |
| Revenue | Financing profit | ₹2,142 Cr |
| Financing profit | Depreciation | ₹39 Cr |
| Financing profit | Profit before tax | ₹2,103 Cr |
| Profit before tax | Tax and other | ₹405 Cr |
| Profit before tax | Net profit | ₹1,699 Cr |
Revenue and net profit
Revenue grew 36.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,655 Cr | ₹346 Cr |
| FY2022 | ₹2,860 Cr | ₹634 Cr |
| FY2023 | ₹3,483 Cr | ₹865 Cr |
| FY2024 | ₹4,965 Cr | ₹1,252 Cr |
| FY2025 | ₹6,754 Cr | ₹1,699 Cr |
Cash flows
FY2025: -₹14,461 Cr from operations, -₹15,004 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹3,206 Cr | -₹3,208 Cr |
| FY2022 | -₹5,254 Cr | -₹5,361 Cr |
| FY2023 | -₹12,343 Cr | -₹12,360 Cr |
| FY2024 | -₹11,100 Cr | -₹11,123 Cr |
| FY2025 | -₹14,461 Cr | -₹15,004 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹6,754 Cr+36.0%1Y
- Net profit
- ₹1,699 Cr+35.7%1Y
- Cash from operations
- -₹14,461 Cr
- Free cash flow
- -₹15,004 Cr
- Revenue CAGR, 5Y
- 16.0%
- Net profit CAGR, 5Y
- 42.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹6,754 Cr | ₹2,142 Cr | — | ₹1,699 Cr | -₹14,461 Cr | -₹15,004 Cr | — | +36.0% | +35.7% |
Monthly returns
Month-by-month returns of IREDA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹79,734 Cr |
| Equity capital | ₹2,688 Cr |
| Reserves | ₹7,578 Cr |
| Borrowings | ₹64,740 Cr |
| Other liabilities | ₹4,728 Cr |
| Assets | ₹79,734 Cr |
| Fixed assets | ₹349 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹626 Cr |
| Other assets | ₹78,760 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
IREDA trades at 20.9x earnings against a peer median of 26.9x (a 22% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Indian Renewable Energy Development Agency LimitedIREDAthis companyP/E ↓ discount | ₹39,326 Cr | 20.9x | 3.0x | 16.5% | — |
| Housing &Urban Development Corporation Ltd.HUDCO | ₹43,063 Cr | 15.4x | 2.4x | 15.1% | — |
| Piramal Finance LimitedPIRAMALFIN | ₹41,863 Cr | 70.8x | 1.5x | 2.1% | 310.5x |
| POONAWALLA FINCORP LIMITEDPOONAWALLA | ₹37,462 Cr | 172.0x | 3.8x | -1.2% | — |
| UCO BankUCOBANK | ₹36,264 Cr | 14.4x | 1.1x | 7.9% | — |
| CRISIL Ltd.CRISIL | ₹35,199 Cr | 52.7x | 17.8x | — | — |
| CHOLAMANDALAM FINANCIAL HOLDINGS LIMITEDCHOLAHLDNG | ₹34,125 Cr | 496.0x | 25.2x | 4.7% | 411.1x |
| Central Bank of IndiaCENTRALBK | ₹34,124 Cr | 7.8x | 0.9x | 10.4% | — |
| Tata Investment Corporation Ltd.TATAINVEST | ₹33,836 Cr | 102.0x | 1.1x | 0.9% | 115.1x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
IREDA since 1 January, against earlier years.
Historical volatility
IREDA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 22.0% |
| FY2022 | 29.0% |
| FY2023 | 33.0% |
| FY2024 | 35.0% |
| FY2025 | 32.0% |
| Line | FY2025 |
|---|---|
| Revenue | ₹6,754 Cr |
| Costs | |
| Interest | ₹4,141 Cr |
| Expenses | ₹471 Cr |
| Financing profitFinancing Profit | ₹2,142 Cr |
| Financing marginFinancing Margin % | 32.0% |
| Other income and charges | |
| Profit before tax | ₹2,104 Cr |
| Tax | |
| Net profitNet Profit | ₹1,699 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹79,734 Cr |
| Equity capitalEquity Capital | ₹2,688 Cr |
| Reserves | ₹7,578 Cr |
| BorrowingsBorrowing | ₹64,740 Cr |
| Other liabilitiesOther Liabilities | ₹4,728 Cr |
| AssetsTotal Assets | ₹79,734 Cr |
| Fixed assetsFixed Assets | ₹349 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹626 Cr |
| Other assetsOther Assets | ₹78,760 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹14,461 Cr |
| Investing cash flowCash from Investing Activity | -₹543 Cr |
| Financing cash flowCash from Financing Activity | ₹14,960 Cr |
| Change in cashNet Cash Flow | -₹44 Cr |
Learn while you research
Academy chapters picked for Indian Renewable Energy Development Agency Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing36% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read