MarketFriction

Indian Renewable Energy Development Agency Ltd

NSE IREDA · BSE 544026 · Financial Institution
₹111.00 -0.61%
NSE close2026-10-01
52 week range107.40 - 158.70
Market cap₹31,182 Cr.
P/E15.9
IPO 2023 · +247% since Nifty 200Nifty 500Nifty Midcap 100Midcap 150 No price band Delivery 41.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,1771,2531,3911,5101,6301,6981,9041,9472,0572,1302,1752,248
Interest7937608479751,0301,0321,1041,2181,2131,2331,2411,341
Expenses-3995651131119170427138179308486
Financing Profit387394488484469548630302706718626422
Financing Margin %33%31%35%32%29%32%33%16%34%34%29%19%
Other Income000011111211061
Depreciation7899910111010111310
Profit before tax380386480476460538630305696717619413
Tax %25%13%30%19%16%21%20%19%21%18%20%18%
Net Profit285336337384388425502247549585493338
EPS in Rs1.251.251.261.431.441.581.870.881.952.081.751.20
Gross NPA %3.13%2.90%2.19%2.19%2.68%2.45%4.13%3.97%3.75%3.49%3.76%
Net NPA %1.65%1.52%0.95%1.04%1.50%1.35%2.06%1.97%1.68%1.29%1.22%
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue1,1181,1742,0202,3692,6552,8603,4834,9656,7548,3378,610
Interest6466681,1831,4591,5701,5872,0883,1644,1414,9055,027
Expenses8884431649495430232854711,0511,111
Financing Profit3844214062605908431,1631,7162,1422,3822,471
Financing Margin %34%36%20%11%22%29%33%35%32%29%29%
Other Income01-723314-0-10-117
Depreciation54232323232430394444
Profit before tax3794183112415708341,1391,6852,1042,3372,445
Tax %28%29%20%11%39%24%24%26%19%20%
Net Profit2722982502153466348651,2521,6991,8731,964
EPS in Rs346.56379.863.192.734.422.773.784.666.326.676.98
Dividend Payout %20%53%0%0%0%0%0%0%0%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth22%26%34%20%
Compounded Profit Growth20%40%29%26%
Stock Price CAGR%%%-25%
Return on Equity%16%17%16%
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7857857857852,2852,2852,6882,6882,809
Reserves1,3941,7991,7372,2112,9843,6515,8727,57810,972
Borrowing7,43918,75321,85424,00027,61340,16549,68764,74077,846
Other Liabilities6633,1813,2773,2983,8274,3474,3541,8602,175
Total Liabilities10,28024,51827,65230,29336,70850,44762,60076,86793,802
Fixed Assets33303282266248229361349320
CWIP7000131144000
Investments00009999101626910
Other Assets10,24124,21527,37030,02736,23049,97562,13875,89292,572
Total Assets10,28024,51827,65230,29336,70850,44762,60076,86793,802
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-5,018-1,709-3,206-5,254-12,343-11,100-14,461-14,482
Cash from Investing Activity-37-0-2-107-17-23-543-281
Cash from Financing Activity3,7362,1412,4415,27112,36811,05914,96014,748
Net Cash Flow-1,319431-767-907-64-44-15
Free Cash Flow-5,055-1,710-3,209-5,262-12,360-11,123-14,488-14,498
CFO/OP-308%-89%-141%-204%-372%-220%-221%-192%
Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %12%11%8%13%15%15%17%18%16%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%71.76%71.76%71.76%71.76%71.76%
FIIs1.88%1.36%2.70%2.02%1.85%1.74%2.04%1.92%2.07%2.14%2.48%
DIIs4.37%0.94%0.42%0.35%0.63%0.51%2.95%2.57%2.51%2.44%2.39%
Public18.75%22.70%21.87%22.62%22.51%22.74%23.24%23.75%23.67%23.65%23.35%
No. of Shareholders13,67,95321,47,27222,43,29326,16,55526,19,35826,79,93826,69,47226,56,61725,75,36925,19,67724,65,916

Fundamentals

Market Cap₹ 31,182 Cr.
Current Price₹ 111
Stock P/E15.9
Book Value₹ 49.1
ROCE8.69 %
ROE15.6 %
Dividend Yield1.22 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)26%
Standalone figures.
Valuation
Market capRs 31,182 Cr
Enterprise valueRs 108,311 Cr
P/E (TTM)15.88x
Price to book2.26x
Price to sales3.62x
EV / EBITDA14.41x
EV / EBIT14.49x
EV / sales12.58x
Earnings yield6.30%
Dividend yield1.22%
P/E, 3-year average23.64x
P/B, 3-year average3.56x
P/E, 5-year average23.64x
P/B, 5-year average3.56x
Profitability
Operating margin (excl. other income)87.39%
Operating margin (incl. other income)87.38%
EBITDA margin87.30%
Pre-tax margin28.40%
Net profit margin22.81%
Net margin, latest quarter15.01%
ROE15.58%
ROCE8.69%
ROA2.20%
ROE, 3-year average16.97%
ROCE, 3-year average9.12%
ROA, 3-year average2.28%
ROE, 5-year average16.33%
ROCE, 5-year average8.72%
ROA, 5-year average2.14%
ROIC (approx.)6.59%
Tax rate19.84%
Other income / net worth-0.01%
Growth
Sales growth (latest year)23.44%
Profit growth (latest year)10.29%
Sales CAGR, 3 years33.77%
Sales CAGR, 5 years25.72%
Profit CAGR, 3 years29.40%
Profit CAGR, 5 years40.15%
Sales growth QoQ3.38%
Profit growth QoQ-31.51%
Sales growth YoY (latest quarter)15.46%
Profit growth YoY (latest quarter)36.82%
Per share
EPS (TTM)Rs 6.99
EPS (latest year)Rs 6.67
EPS (latest quarter)Rs 1.20
EPS, 3-year averageRs 5.88
EPS, 5-year averageRs 4.84
Book value per shareRs 49.06
Sales per shareRs 30.65
Cash flow per shareRs -51.55
Free cash flow per shareRs -51.61
Dividend per share (latest year)Rs 1.35
Dividend per share, 3-year averageRs 1.35
Dividend per share, 5-year averageRs 1.35
Dividends
Dividend payout20.24%
Dividend payout, 3-year average20.24%
Dividend payout, 5-year average20.24%
Efficiency
Asset turnover0.09x
Fixed asset turnover26.04x
Debtor days0 days
Debtors turnover2646.72x
Leverage
Total debtRs 77,846 Cr
Cash and bankRs 717 Cr
Net debtRs 77,128 Cr
Debt to equity5.65x
Net debt / EBITDA10.26x
Interest coverage1.49x
Owners' fund to total sources14.69%
Debt to assets82.99%
Cash flow
Cash from Operating Activity (latest year)Rs -14,482 Cr
Cash from Investing Activity (latest year)Rs -281 Cr
Cash from Financing Activity (latest year)Rs 14,748 Cr
Net Cash Flow (latest year)Rs -15 Cr
Free cash flow (latest year)Rs -14,498 Cr
FCFE (approx.: FCF + change in debt)Rs -1,393 Cr
Cash from ops / profit, 5 years-9.12x
Statement figures
Net sales (TTM)Rs 8,610 Cr
Net sales (latest year)Rs 8,337 Cr
Sales (latest quarter)Rs 2,248 Cr
Operating profit excl. other income (latest year)Rs 7,286 Cr
Operating profit (latest quarter)Rs 1,763 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 7,516 Cr
PBDT (TTM)Rs 2,489 Cr
Profit before tax (TTM)Rs 2,445 Cr
Tax (latest year)Rs 464 Cr
Net profit (TTM)Rs 1,964 Cr
Net profit (latest year)Rs 1,873 Cr
Net profit (latest quarter)Rs 338 Cr
Depreciation (TTM)Rs 44 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 5,027 Cr
Cost of goods sold (latest year)Rs 52 Cr
Total expenditure (latest year)Rs 1,051 Cr
Total income (latest year)Rs 8,336 Cr
Share capitalRs 2,809 Cr
ReservesRs 10,972 Cr
Shareholders' fundsRs 13,781 Cr
Total assetsRs 93,802 Cr
Net blockRs 320 Cr
InvestmentsRs 910 Cr
ReceivablesRs 3 Cr
Other liabilitiesRs 2,175 Cr
Shares outstanding (crore)280.92
Ownership
Promoter holding71.76% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 15.9 is the lowest in its own 3.0-year history (median 28.1, low 15.9, high 60.0).
P/B 2.26 is the lowest in 3.0 years (median 4.66).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIREDANifty 50Difference
1 week+0.8%-2.8% +3.6 pts
1 month-2.8%-6.8% +4.0 pts
3 months-13.6%-7.6% -6.0 pts
6 months+1.9%+0.4% +1.4 pts
1 year-26.1%-9.9% -16.2 pts
2 years-51.8%-13.6% -38.2 pts
47 mutual fund schemes hold about ₹35 Cr. Over three months 9 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Midcap 150 Index Fund0.22%9 +0%
Nippon India Nifty Midcap 150 Index Fund0.22%6 -1%
ICICI Pru Nifty Midcap 150 Index Fund0.22%3 +1%
SBI Nifty Midcap 150 Index Fund0.22%3 +0%
Zerodha Nifty LargeMidcap 250 Index Fund0.11%2 +2%
HDFC NIFTY Midcap 150 Index Fund0.22%2 +0%
Motilal Oswal Nifty 500 Index Fund0.05%1 +2%
Aditya Birla SL Nifty Midcap 150 Index Fund0.22%1 +0%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 +8%
Navi Nifty Midcap 150 Index Fund0.22%1 +0%
Tata Nifty Midcap 150 Index Fund0.22%1 +1%
JioBlackRock Nifty Midcap 150 Index Fund0.22%1 +0%
HDFC Nifty LargeMidcap 250 Index Fund0.11%1 +2%
Edelweiss NIFTY Large Mid Cap 250 Index Fund0.11%0 +2%
SBI Nifty 500 Index Fund0.05%0 +2%
Kotak BSE PSU Index Fund0.42%0 +5%
ICICI Pru Nifty LargeMidcap 250 Index Fund0.11%0 +2%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund0.11%0 +2%
AlphaGrep Flexi Cap Fund0.56%0 +100%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.06%0 +1%
AlphaGrep Multi Asset Allocation Fund0.28%0 +100%
Bandhan Nifty Midcap 150 Index Fund0.22%0 +0%
Groww Nifty Total Market Index Fund0.04%0 +2%
UTI Nifty Midcap 150 Index Fund0.21%0 -0%
Axis Nifty 500 Index Fund0.05%0 +2%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -830% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 17% of total assets in 2026
explainLow interest cover Interest cover 1.5x in 2026
lookAuditor change Auditor change 2026-09-25: Indian Renewable Energy Development Agency Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2023-12-14Rohit GuptaEmployees/Designated Employebuy8,500Rs 0.10 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹2,248 Cr +15.5% vs Jun 2025. Net profit ₹338 Cr +36.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Re 0.75 Per Share
2026-04-02Interim Dividend - Re 0.60 Per Share
DateTypeWhat it says
2026-10-01General UpdatesExtension of Additional Charge of post of the Chairman & Managing Director, IREDA to Dr. Bijay Kumar Mohanty, Director (Finance)
2026-09-30Shareholder meetingDeclaration of Voting results along with the Scrutinizer Report
2026-09-29Shareholder meetingProceedings of 39th Annual General Meeting of the Company held on Tuesday, September 29, 2026.
2026-09-25Change in AuditorsChange in Auditors of the company.
2026-09-02UpdatesSubmission of 39th Business Responsibility and Sustainability Report for the Financial Year2025-26.
2026-09-02Shareholder meetingIntimation of convening of 39th Annual General Meeting of the Company through Video Conferencing / Other Audio Visual Means and Newspaper publication ...
2026-09-02General UpdatesIntimation of convening of 39th Annual General Meeting of the Company through Video Conferencing / Other Audio Visual Means and Newspaper publication ...
2026-09-01General UpdatesBoard Comments on fine levied by the Exchanges
2026-08-27General UpdatesIntimation regarding imposition of fines by Stock Exchanges.
2026-08-22Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-22Board meeting outcomeChanges in the Senior Management Personnel of the Company
2026-08-18Director changeChange in Director(s) of the company.
2026-08-13UpdatesComments of C&AG on Audited Financial Statements(Standalone & Consolidated) For FY 2025-26.
2026-08-03Updates.Investor Presentation for the quarter ended 30.06.2026
2026-08-03Change in AuditorsChange in Auditors of the company.
2026-08-03Board meeting outcomeOutcome of the Board meeting held on 03.08.2026
2026-07-24Director changeChange in Director(s) of the company.
2026-07-23General UpdatesIntimation under Regulation 30 of the SEBI (LODR) Regulations, 2015
2026-07-10General UpdatesGeneral Updates
2026-07-01Change in Management1. Cessation of Shri Pradip Kumar Das, as Chairman & Managing Director of IREDA 2. Entrustment of Additional Charge of Chairman & Managing Director, I...
2026-05-29UpdatesBoard Comments on fine levied by the Exchanges
2026-05-29DividendOutcome of the Board Meeting held on May 29, 2026
2026-05-29Board meeting outcomeIndian Renewable Energy Development Agency Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-01UpdatesDisclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011 as of March 31, 2026. .
2026-03-31General UpdatesIREDA - Business Performance for the year ended March 31, 2026 (Provisional)
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.86
Max pain (expiry 2026-10-27)112
Largest call open interest at115
Largest put open interest at110
Implied volatility, at the money35.9%
Underlying at snapshot111.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-3013,678
2026-09-281
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Derivative contracts in the scrip to be moved out of F and O

Quick answers

What is the market cap of Indian Renewable Energy Development Agency Ltd?

Indian Renewable Energy Development Agency Ltd (IREDA) has a market capitalisation of Rs 31,182 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Renewable Energy Development Agency Ltd?

Indian Renewable Energy Development Agency Ltd trades at a P/E of 15.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Renewable Energy Development Agency Ltd's latest quarterly results?

In the Jun 2026 quarter, Indian Renewable Energy Development Agency Ltd revenue was Rs 2,248 Cr (+15.5% vs Jun 2025) and net profit was Rs 338 Cr.

What is the 52-week high and low of Indian Renewable Energy Development Agency Ltd?

The 52-week high is Rs 158.70 and the 52-week low is Rs 107.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03