IREDA, also known as the Indian Renewable Energy Development Agency Limited, stands as a significant governmental entity designated as a Mini Ratna under the Ministry of New and Renewable Energy (MNRE) in India. Since its inception in 1987, it has functioned as a non-banking financial institution with the primary aim of promoting, developing, and extending financial assistance for initiatives related to renewable energy sources and energy efficiency. Recognized as a “Public Financial Institution” under the Companies Act and accredited as a Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI), IREDA holds a pivotal role in financing and facilitating investments in renewable energy generation and environmental technologies to foster sustainable development. With a mission centered on being an innovative and stakeholder-friendly institution, it endeavors to encourage self-sustaining investments in renewable energy and environmental preservation, epitomized by its motto, “Energy for Ever.” Its key objectives encompass providing financial backing for renewable energy projects, maintaining a leadership position in renewable energy financing, expanding market share through inventive financing mechanisms, enhancing service efficiency, and ensuring customer satisfaction through continuous enhancement.
Recent News about IREDA
IREDA, the Indian Renewable Energy Development Agency, has broadened its scope by establishing an office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This strategic initiative aims to offer debt financing in foreign currencies for green hydrogen and renewable energy manufacturing projects. Through this approach, IREDA seeks to lower financing expenses and bolster India’s ambitious National Green Hydrogen Mission, targeting over 5 million metric tons of hydrogen production by 2030. As a government-owned non-banking financial institution (NBFC) founded in 1987 under the Ministry of New and Renewable Energy, IREDA has played a pivotal role in promoting, developing, and funding renewable energy and energy efficiency initiatives in India. With a cumulative loan disbursement exceeding Rs. 1 lakh crore, its presence in GIFT City underscores its dedication to facilitating the expansion of green energy projects and India’s transition towards sustainability.
IREDA’s Q4 results for 2024 reveal a remarkable achievement as its net profit reaches an all-time high, demonstrating a significant year-on-year growth of 44.83%.
- IREDA’s Q4FY24 net profit reached ₹337.38 crore, showing a robust YoY growth of over 33% compared to Q4FY23.
- The company’s net worth surged to ₹8,559.43 crore in Q4FY24, marking a remarkable increase of 44.22% from the same quarter in the previous financial year.
- IREDA’s Loan Book expanded to ₹59,698.11 crore as of March 31, 2024, demonstrating a strong growth of 26.81% from the previous year.
- Annual Loan Sanctions reached a record high of ₹37,353.68 crore, with Disbursements totaling ₹25,089.04 crore in FY 2023-24.
- Profit Before Tax (PBT) for January to March 2024 stood at ₹479.67 crore, indicating a substantial increase of 66.33% over Q4FY23.
- Loan Sanctions in Q4FY24 surged to ₹23,407.57 crore, representing a YoY rise of 98.42% from Q4FY23.
- Total Loan Disbursements in the fourth quarter amounted to ₹12,869.35 crore, up by 13.98% compared to the corresponding period in the previous fiscal year.
- The exceptional financial performance underscores IREDA’s pivotal role in promoting renewable energy solutions in India, supported by strong stakeholder trust and dedicated team efforts.
- Following the announcement of its Q4 results, IREDA’s share price concluded at ₹160.95 apiece on the National Stock Exchange (NSE).
Below are the trading platforms that you can use to purchase Infosys:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
IREDA Share Price Prediction 2024, 2025 to 2030
IREDA Share Price Target 2024
| When | Maximum Price | Minimum Price |
| July 2024 | 293.30 | 255.05 |
| August 2024 | 305.04 | 265.25 |
| September 2024 | 317.24 | 275.86 |
| October 2024 | 311.02 | 270.45 |
| November 2024 | 323.46 | 281.27 |
| December 2024 | 326.69 | 284.08 |
In 2024, the maximum and minimum prices for IREDA are projected to vary each month. Starting in July, the maximum price is expected to reach ₹293.30 while the minimum price is anticipated to be ₹255.05. Moving into August, the maximum price is forecasted to increase to ₹305.04 with a minimum of ₹265.25. By September, IREDA’s maximum price could potentially rise to ₹317.24 and the minimum price to ₹275.86. In October, the maximum and minimum prices are projected to be ₹311.02 and ₹270.45 respectively. November is expected to see further growth, with a maximum price of ₹323.46 and a minimum price of ₹281.27. Finally, in December 2024, IREDA’s prices are forecasted to reach a maximum of ₹326.69 and a minimum of ₹284.08.
IREDA Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 329.96 | 253.81 |
| February 2025 | 333.29 | 256.38 |
| March 2025 | 340.29 | 261.76 |
| April 2025 | 336.92 | 259.17 |
| May 2025 | 327.11 | 251.62 |
| June 2025 | 341.83 | 262.95 |
| July 2025 | 335.13 | 257.79 |
| August 2025 | 345.49 | 265.76 |
| September 2025 | 349.64 | 268.95 |
| October 2025 | 358.73 | 275.94 |
| November 2025 | 367.70 | 282.84 |
| December 2025 | 384.24 | 295.57 |
As we step into 2025, IREDA’s prices are forecasted to exhibit notable fluctuations each month. In January, the maximum price is expected to be ₹329.96 and the minimum ₹253.81. February’s range is ₹333.29 to ₹256.38, and March’s is ₹340.29 to ₹261.76. April will see a slight dip to ₹336.92 and ₹259.17, while May is forecasted at ₹327.11 and ₹251.62. June anticipates an increase to ₹341.83 and ₹262.95. July’s range is projected at ₹335.13 to ₹257.79, with August reaching ₹345.49 to ₹265.76. September sees further growth to ₹349.64 and ₹268.95. October forecasts are ₹358.73 to ₹275.94, November at ₹367.70 to ₹282.84, and December concludes the year at a peak of ₹384.24 and ₹295.57.
IREDA Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 395.77 | 304.44 |
| February 2026 | 385.88 | 296.83 |
| March 2026 | 393.59 | 302.76 |
| April 2026 | 401.63 | 308.94 |
| May 2026 | 397.65 | 305.88 |
| June 2026 | 407.59 | 313.53 |
| July 2026 | 399.60 | 307.38 |
| August 2026 | 411.96 | 316.89 |
| September 2026 | 420.20 | 323.23 |
| October 2026 | 431.12 | 331.63 |
| November 2026 | 441.90 | 339.92 |
| December 2026 | 452.95 | 348.42 |
IREDA Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 457.48 | 351.90 |
| February 2027 | 469.21 | 360.93 |
| March 2027 | 487.50 | 375.00 |
| April 2027 | 477.95 | 367.65 |
| May 2027 | 464.03 | 356.94 |
| June 2027 | 484.91 | 373.00 |
| July 2027 | 475.40 | 365.69 |
| August 2027 | 490.10 | 377.00 |
| September 2027 | 507.26 | 390.20 |
| October 2027 | 520.44 | 400.34 |
| November 2027 | 533.45 | 410.35 |
| December 2027 | 546.79 | 420.61 |
IREDA Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 557.73 | 429.02 |
| February 2028 | 572.03 | 440.02 |
| March 2028 | 594.34 | 457.18 |
| April 2028 | 582.68 | 448.22 |
| May 2028 | 565.71 | 435.16 |
| June 2028 | 591.17 | 454.75 |
| July 2028 | 579.58 | 445.83 |
| August 2028 | 597.50 | 459.62 |
| September 2028 | 618.41 | 475.70 |
| October 2028 | 634.49 | 488.07 |
| November 2028 | 650.36 | 500.27 |
| December 2028 | 666.61 | 512.78 |
IREDA Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 679.95 | 523.04 |
| February 2029 | 697.38 | 536.45 |
| March 2029 | 724.58 | 557.37 |
| April 2029 | 710.37 | 546.44 |
| May 2029 | 689.68 | 530.52 |
| June 2029 | 720.72 | 554.40 |
| July 2029 | 706.59 | 543.53 |
| August 2029 | 728.44 | 560.34 |
| September 2029 | 753.93 | 579.95 |
| October 2029 | 773.54 | 595.03 |
| November 2029 | 792.87 | 609.90 |
| December 2029 | 812.70 | 625.15 |
IREDA Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 828.95 | 637.65 |
| February 2030 | 850.21 | 654.00 |
| March 2030 | 883.36 | 679.51 |
| April 2030 | 866.04 | 666.19 |
| May 2030 | 840.82 | 646.78 |
| June 2030 | 878.66 | 675.89 |
| July 2030 | 861.43 | 662.64 |
| August 2030 | 888.07 | 683.13 |
| September 2030 | 919.15 | 707.04 |
| October 2030 | 943.05 | 725.42 |
| November 2030 | 966.63 | 743.56 |
| December 2030 | 990.79 | 762.15 |
As we step into 2030, IREDA’s prices are expected to exhibit significant monthly fluctuations. In January, the maximum price is projected to be ₹828.95 and the minimum ₹637.65. February’s range is forecasted to be ₹850.21 to ₹654.00, while March anticipates prices between ₹883.36 and ₹679.51. In April, the expected prices are ₹866.04 to ₹666.19, and in May, they are forecasted at ₹840.82 to ₹646.78. June will likely see an increase to ₹878.66 and ₹675.89. July’s prices are expected to range from ₹861.43 to ₹662.64, with August reaching between ₹888.07 and ₹683.13. September forecasts show growth to ₹919.15 and ₹707.04. In October, the range is anticipated to be ₹943.05 to ₹725.42, November’s forecast is ₹966.63 to ₹743.56, and December is expected to conclude the year with a peak at ₹990.79 and ₹762.15.
IREDA Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Revenue | 2,368 | 2,655 | 2,860 | 3,483 | 4,965 | 5,331 |
| Interest | 1,459 | 1,570 | 1,587 | 2,088 | 3,164 | 3,375 |
| Expenses + | 649 | 495 | 430 | 232 | 85 | 203 |
| Financing Profit | 259 | 590 | 843 | 1,163 | 1,716 | 1,753 |
| Financing Margin % | 11% | 22% | 29% | 33% | 35% | 33% |
| Other Income + | 5 | 3 | 14 | 0 | -1 | 1 |
| Depreciation | 23 | 23 | 23 | 24 | 30 | 33 |
| Profit before tax | 241 | 570 | 834 | 1,139 | 1,685 | 1,721 |
| Tax % | 11% | 39% | 24% | 24% | 26% | |
| Net Profit + | 215 | 346 | 634 | 865 | 1,252 | 1,341 |
| EPS in Rs | 2.73 | 4.42 | 2.77 | 3.78 | 4.66 | 5.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
From March 2020 to the trailing twelve months (TTM), the financial performance exhibits significant growth and improved profitability. The revenue has seen a substantial increase from ₹2,368 crore in March 2020 to ₹5,331 crore in the TTM, reflecting strong business expansion and market demand. The interest expenses also rose from ₹1,459 crore to ₹3,375 crore during the same period, indicating increased borrowing or financing activities.
Operating expenses have generally decreased, dropping from ₹649 crore in March 2020 to a low of ₹85 crore in March 2024 before slightly rising to ₹203 crore in the TTM. This reduction in expenses has positively impacted the financing profit, which surged from ₹259 crore in March 2020 to ₹1,753 crore in the TTM. The financing margin improved significantly from 11% in March 2020 to 35% in March 2024, although it slightly dipped to 33% in the TTM.
Other income has shown variability, with a peak of ₹14 crore in March 2022 and a low of -₹1 crore in March 2024, stabilizing at ₹1 crore in the TTM. Depreciation expenses remained relatively constant, fluctuating between ₹23 crore and ₹33 crore over the years.
Profit before tax demonstrated robust growth, increasing from ₹241 crore in March 2020 to ₹1,721 crore in the TTM. The tax rate has varied, reaching a high of 39% in March 2021 and stabilizing around 24-26% in subsequent years. Consequently, net profit exhibited remarkable growth from ₹215 crore in March 2020 to ₹1,341 crore in the TTM.
Earnings per share (EPS) have followed a fluctuating trend, initially rising from ₹2.73 in March 2020 to ₹4.42 in March 2021, then dipping to ₹2.77 in March 2022, and subsequently increasing to ₹5.19 in the TTM. Despite the growing profitability, the dividend payout ratio remained consistently at 0% throughout the observed period, indicating that profits were likely reinvested into the business rather than distributed to shareholders.
FAQs
1. What is the current IREDA share price?
Answer: The current share price of IREDA is approximately Rs. ₹284 per share.
2. What is the projected maximum and minimum IREDA share price for 2025?
Answer: The projected maximum IREDA share price for 2025 is Rs.384.24, and the minimum is Rs. 251.62.
3. Where can I view the latest IREDA share price?
Answer: You can view the latest IREDA share price on the official IREDA website or on any financial news website.
5. Is investing in IREDA a good idea?
Answer: Investing in IREDA is a subjective matter and depends on your risk appetite and the current market conditions.
6. What is the current dividend yield of IREDA?
Answer: The current dividend yield of IREDA is 0.00 %.
7. Are there any tax implications when investing in IREDA?
Answer: Yes, any profits earned from trading in IREDA shares are subject to tax in India.
8. What is the current market capitalisation of IREDA?
Answer: The current market capitalisation of IREDA is approximately Rs. ₹76,402 Cr.
10. What is the maximum expected share price of IREDA in 2030?
Answer: The maximum expected share price of IREDA in 2030 is ₹990.79.
ALSO READ
Jindal Stainless Ltd Share Price Target 2024, 2025 to 2030
WIPRO LTD SHARE PRICE TARGET 2024 TO 2030: CAN WIPRO REACH 1000 INR?
Hindustan Zinc Ltd Share Price Target 2024, 2025 to 2030
Conclusion
In summary, IREDA’s Q4 results for 2024 showcase an impressive financial performance, highlighted by the company’s record-breaking net profits of ₹337.38 crore, marking a remarkable YoY growth of over 33%. The substantial surge in net worth to ₹8,559.43 crore, representing a robust increase of 44.22% from the previous fiscal year, underscores the company’s financial strength and stability. Furthermore, the significant expansion of the loan book to ₹59,698.11 crore, along with record-high annual loan sanctions and disbursements of ₹37,353.68 crore and ₹25,089.04 crore respectively, reflect IREDA’s pivotal role in driving renewable energy initiatives in India. Additionally, the notable increase in profit before tax to ₹479.67 crore, indicating a substantial rise of 66.33% over Q4FY23, reaffirms the company’s strong financial performance and growth trajectory. With a stable ownership structure and growing retail investor participation, IREDA is poised to continue leading sustainable development efforts in the renewable energy sector, supported by robust stakeholder confidence.
Disclaimer: The article ‘IREDA Share Price Target 2024 to 2030’ is just an opinion and not financial advice. Please consult a financial advisor before investing in IREDA.
Leave a Reply