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).
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IREDA Share Price Prediction 2024, 2025 to 2030
IREDA Share Price Target 2024
| When | Maximum Price | Minimum Price |
| April 2024 | 166.10 | 144.43 |
| May 2024 | 163.65 | 142.30 |
| June 2024 | 169.54 | 147.42 |
| July 2024 | 167.84 | 145.95 |
| August 2024 | 174.55 | 151.79 |
| September 2024 | 181.54 | 157.86 |
| October 2024 | 177.98 | 154.76 |
| November 2024 | 185.10 | 160.95 |
| December 2024 | 186.95 | 162.56 |
In April 2024, IREDA’s Share is projected to reach a maximum price of ₹166.10 and a minimum of ₹144.43. As the months progress, the stock prices are expected to fluctuate within specified ranges, with May witnessing a slight decrease in both maximum and minimum prices. June is anticipated to see a rebound in stock performance, with maximum and minimum prices forecasted to increase to ₹169.54 and ₹147.42, respectively. Moving forward to December, the stock is expected to peak at a maximum price of 186.95, while maintaining a minimum of 162.56.
IREDA Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 205.64 | 158.19 |
| February 2025 | 207.72 | 159.78 |
| March 2025 | 212.08 | 163.14 |
| April 2025 | 209.98 | 161.52 |
| May 2025 | 203.87 | 156.82 |
| June 2025 | 213.04 | 163.88 |
| July 2025 | 208.86 | 160.66 |
| August 2025 | 215.32 | 165.63 |
| September 2025 | 217.91 | 167.62 |
| October 2025 | 223.57 | 171.98 |
| November 2025 | 229.16 | 176.28 |
| December 2025 | 239.47 | 184.21 |
As we step into January 2025, IREDA’s shares are anticipated to trade within a range of ₹158.19 to ₹205.64, showing potential variability in prices. Continuing through the months, there is a projected gradual increase in both maximum and minimum values, indicating a positive trajectory. By December 2025, the shares are expected to reach a maximum price of ₹239.47, while maintaining a minimum of ₹184.21, reflecting potential growth throughout the year.
IREDA Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 246.66 | 189.74 |
| February 2026 | 252.98 | 194.60 |
| March 2026 | 262.85 | 202.19 |
| April 2026 | 257.69 | 198.23 |
| May 2026 | 250.19 | 192.45 |
| June 2026 | 261.45 | 201.11 |
| July 2026 | 256.32 | 197.17 |
| August 2026 | 264.25 | 203.27 |
| September 2026 | 273.50 | 210.38 |
| October 2026 | 280.61 | 215.85 |
| November 2026 | 287.62 | 221.25 |
| December 2026 | 294.81 | 226.78 |
IREDA Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 300.71 | 231.32 |
| February 2027 | 308.42 | 237.25 |
| March 2027 | 320.45 | 246.50 |
| April 2027 | 314.17 | 241.67 |
| May 2027 | 305.01 | 234.63 |
| June 2027 | 318.74 | 245.19 |
| July 2027 | 312.49 | 240.38 |
| August 2027 | 322.16 | 247.81 |
| September 2027 | 333.43 | 256.49 |
| October 2027 | 342.10 | 263.15 |
| November 2027 | 350.65 | 269.73 |
| December 2027 | 359.42 | 276.48 |
IREDA Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 366.61 | 282.01 |
| February 2028 | 376.01 | 289.24 |
| March 2028 | 390.67 | 300.52 |
| April 2028 | 383.01 | 294.62 |
| May 2028 | 371.86 | 286.04 |
| June 2028 | 388.59 | 298.91 |
| July 2028 | 380.97 | 293.05 |
| August 2028 | 392.75 | 302.12 |
| September 2028 | 406.50 | 312.69 |
| October 2028 | 417.07 | 320.82 |
| November 2028 | 427.49 | 328.84 |
| December 2028 | 438.18 | 337.06 |
IREDA Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 446.95 | 343.80 |
| February 2029 | 458.41 | 352.62 |
| March 2029 | 476.28 | 366.37 |
| April 2029 | 466.94 | 359.19 |
| May 2029 | 453.34 | 348.73 |
| June 2029 | 473.74 | 364.42 |
| July 2029 | 464.46 | 357.27 |
| August 2029 | 478.82 | 368.32 |
| September 2029 | 495.58 | 381.21 |
| October 2029 | 508.46 | 391.13 |
| November 2029 | 521.18 | 400.90 |
| December 2029 | 534.21 | 410.93 |
IREDA Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 544.89 | 419.15 |
| February 2030 | 558.86 | 429.89 |
| March 2030 | 580.66 | 446.66 |
| April 2030 | 569.27 | 437.90 |
| May 2030 | 552.69 | 425.15 |
| June 2030 | 577.56 | 444.28 |
| July 2030 | 566.24 | 435.57 |
| August 2030 | 583.75 | 449.04 |
| September 2030 | 604.18 | 464.75 |
| October 2030 | 619.89 | 476.84 |
| November 2030 | 635.39 | 488.76 |
| December 2030 | 651.27 | 500.98 |
As we move into January 2030, IREDA’s shares are projected to trade within a range of ₹419.15 to ₹544.89, indicating potential variability in prices at the beginning of the year. Progressing through the months, there is an expected gradual increase in both maximum and minimum values, reflecting a positive trajectory in the market. By December 2030, the shares are anticipated to reach a maximum price of ₹651.27, while maintaining a minimum of ₹500.98, demonstrating sustained growth over the course of the year.
IREDA Financial Condition
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Revenue | 1,036 | 1,143 | 1,177 | 1,253 | 1,391 |
| Interest | 638 | 764 | 793 | 760 | 847 |
| Expenses + | 104 | -66 | -3 | 99 | 56 |
| Financing Profit | 294 | 445 | 387 | 394 | 488 |
| Financing Margin % | 28% | 39.00% | 33.00% | 31.00% | 35.00% |
| Other Income + | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 6 | 6 | 7 | 8 | 9 |
| Profit before tax | 288 | 440 | 380 | 386 | 480 |
| Tax % | 12% | 33% | 25% | 13% | 30% |
| Net Profit + | 254 | 295 | 285 | 336 | 337 |
| EPS in Rs | 1.11 | 1.29 | 1.25 | 1.25 | 1.26 |
| Gross NPA % | 3.21% | 3% | 3% | ||
| Net NPA % | 1.66% | 1.61% | 1.65% |
Over the period from March 2023 to March 2024, the financial performance of the company exhibited notable trends. Revenue showed a consistent upward trajectory, increasing from ₹1,036 crore to ₹1,391 crore, indicating healthy growth. Despite fluctuations, interest expenses rose steadily, reaching ₹847 crore by March 2024. Expenses experienced slight fluctuations but showed an overall increase, while financing profit demonstrated substantial growth, peaking at ₹488 crore. Profit before tax saw steady growth, reflecting the company’s improving financial health. Throughout this period, tax percentages remained relatively stable, ensuring consistent tax compliance. The company’s net profit showed a generally increasing trend, reaching ₹337 crore by March 2024, while earnings per share also witnessed a slight uptick. Despite minor fluctuations, the company maintained stable gross and net non-performing asset percentages, underscoring its robust financial management practices.
FAQs
1. What is the current IREDA share price?
Answer: The current share price of IREDA is approximately Rs. ₹161 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. Rs 239.47, and the minimum is Rs.158.19.
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. ₹43,192 Cr.
10. What is the maximum expected share price of IREDA in 2030?
Answer: The maximum expected share price of IREDA in 2030 is ₹651.27.
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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.
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