We will take information about the future of Indian Renewable Energy Development Agency Limited, India’s famous company in the non-banking finance sector, along with information about what will happen till 2024, 2025, 2026, and 2030.
Along with this, we are going to get detailed information about its current situation and the revenue that the company has generated for the investors along with the financial results of the last 3 years and the targets that can be made for the future.
Do Read: Zomato Share Price Target
IREDA company information
The company was established on 11 March 1987 by the Government of India under the Indian Renewable Energy Development Agency. This company is a leading company of the Non-Deposit Talking and Non-Banking Finance Department, under which it is registered with the Reserve Bank of India. Since June 2015, it is also included in the Mini Gems of India.
| Name | Indian Renewable Energy Development Agency Limited |
| Stock Symbol | IREDA |
| Industry | Renewable Energy Financing |
| Founded | 1987 |
| CEO /MD | Mr. Pradip Kumar Das |
| Headquarter | Lodhi Road, New Delhi |
| Country | India |
| Locations | New Delhi, Bengaluru, Ahmedabad and Bhopal |
IREDA Overview in Tabular Form
| Name | IREDA |
| Formed | 1987 |
| Chairman | Pradeep Kumar Das |
| Sector | Renewable Energy |
| Market Valuation | 19,043 Cr. |
| PE Ratio | 54.92 |
| Industry PE | 18.62 |
| PB Ratio | 3.29 |
| Debt to Equity | 8.01 |
| Dividend Yield | 0.00% |
| Date | Price | Min Price | Max Price |
|---|---|---|---|
| 2024-03-12 | 20.011 | 19.291 | 20.709 |
| 2024-03-13 | 19.942 | 19.251 | 20.589 |
| 2024-03-14 | 19.873 | 19.206 | 20.576 |
| 2024-03-15 | 19.804 | 19.145 | 20.461 |
| 2024-03-18 | 19.597 | 18.930 | 20.297 |
| 2024-03-19 | 19.528 | 18.813 | 20.218 |
| 2024-03-20 | 19.459 | 18.759 | 20.121 |
| 2024-03-21 | 19.390 | 18.660 | 20.087 |
| 2024-03-22 | 19.321 | 18.606 | 19.990 |
| 2024-03-25 | 19.115 | 18.423 | 19.820 |
| IREDA Share Price Target | Price |
| IREDA Share Price Target 2024 | ₹210.56 |
| IREDA Share Price Target 2025 | ₹247.98 |
| IREDA Share Price Target 2026 | ₹256.76 |
| IREDA Share Price Target 2027 | ₹274.40 |
| IREDA Share Price Target 2028 | ₹301.54 |
| IREDA Share Price Target 2029 | ₹321.34 |
| IREDA Share Price Target 2030 | ₹354.43 |
Ireda share price target 2024
The total market cap of the company is Rs 29,538.53 crore, so if we look at the revenue of the last three years of the company, then in March 2021 the company generated a revenue of Rs 2654 crore, then in March 2022 it was Rs 2,859 crore.
Now in March 2023, the company had recorded a revenue of Rs 3,481 crore, which means that the company is continuously growing, so the company will continue to grow in the future too, then you will get Ireda share price target 2024. Its first target is Rs 150 and the second Target can go up to Rs 210.
Ireda share price target table 2024
| IREDA Share Price Target 2024 | Price |
| January 2024 | ₹150.40 |
| February 2024 | ₹155.45 |
| March 2024 | ₹158.50 |
| April 2024 | ₹164.50 |
| May 2024 | ₹169.60 |
| June 2024 | ₹172.75 |
| July 2024 | ₹175.75 |
| August 2024 | ₹186.80 |
| September 2024 | ₹190.90 |
| October 2024 | ₹195.90 |
| November 2024 | ₹199.95 |
| December 2024 | ₹210.56 |
Ireda share price target 2025
If we talk about the net profit of the company, then the company achieved a net profit of Rs 346 crore in March 2021, and then in March 2022 the company achieved a net profit of Rs 633 crore.
In the results that came in March 2023, the company had achieved a net profit of Rs 864 crore, which means that the company is continuously growing well year after year, so if the company continues to grow like this in the future too, then Ireda share price target will be its first in 2024. The target can go up to Rs 222 and the second target can go up to Rs 247.
Ireda share price target table 2025
| IREDA Share Price Target 2025 | Price |
|---|---|
| January 2025 | ₹222.10 |
| February 2025 | ₹234.10 |
| March 2025 | ₹230.20 |
| April 2025 | ₹232.20 |
| May 2025 | ₹234.15 |
| June 2025 | ₹235.10 |
| July 2025 | ₹237.20 |
| August 2025 | ₹230.30 |
| September 2025 | ₹238.35 |
| October 2025 | ₹242.40 |
| November 2025 | ₹245.40 |
| December 2025 | ₹247.98 |
Ireda share price target 2026
The company is a company working under the Government of India and is also included in Miniratna, the assets of the company are of high quality and the past track record of the growth of the company is quite good under which Ireda’s share price target in the future. In 2025, its first target can go up to Rs 275 and the second target can go up to Rs 300.
Do Read: Motherson Sumi Share Price Target
Ireda share price target table 2026
| IREDA Share Price Target 2026 | Price |
|---|---|
| January 2026 | ₹248.60 |
| February 2026 | ₹248.65 |
| March 2026 | ₹249.70 |
| April 2026 | ₹250.75 |
| May 2026 | ₹251.80 |
| June 2026 | ₹121.90 |
| July 2026 | ₹250.00 |
| August 2026 | ₹252.30 |
| September 2026 | ₹253.35 |
| October 2026 | ₹253.40 |
| November 2026 | ₹254.40 |
| December 2026 | ₹256.76 |
Ireda share price target table 2027
| IREDA Share Price Target 2027 | Price |
|---|---|
| January 2027 | ₹259.60 |
| February 2027 | ₹260.65 |
| March 2027 | ₹261.70 |
| April 2027 | ₹262.75 |
| May 2027 | ₹263.80 |
| June 2027 | ₹264.90 |
| July 2027 | ₹265.00 |
| August 2027 | ₹267.30 |
| September 2027 | ₹269.35 |
| October 2027 | ₹271.40 |
| November 2027 | ₹272.40 |
| December 2027 | ₹274.40 |
Ireda share price target table 2028
| IREDA Share Price Target 2028 | Price |
|---|---|
| January 2028 | ₹275.50 |
| February 2028 | ₹277.50 |
| March 2028 | ₹279.50 |
| April 2028 | ₹280.60 |
| May 2028 | ₹283.65 |
| June 2028 | ₹288.60 |
| July 2028 | ₹290.44 |
| August 2028 | ₹292.50 |
| September 2028 | ₹294.00 |
| October 2028 | ₹295.30 |
| November 2028 | ₹298.55 |
| December 2028 | ₹301.54 |
Ireda share price target table 2029
| IREDA Share Price Target 2029 | ₹321.34 |
Ireda share price target 2030
All the companies working in the field of renewable energy all over the world are growing significantly and this company mostly works in providing finance in renewable energy, so in the future, you can understand what kind of growth the company will have. Because Ireda’s share price target is its first target till 2030, it can go up to Rs 650 and the second target can go up to Rs 700.
| IREDA Share Price Target 2030 | Price |
|---|---|
| January 2030 | ₹323.10 |
| February 2030 | ₹325.20 |
| March 2030 | ₹326.40 |
| April 2030 | ₹328.60 |
| May 2030 | ₹331.65 |
| June 2030 | ₹333.80 |
| July 2030 | ₹335.00 |
| August 2030 | ₹338.30 |
| September 2030 | ₹340.60 |
| October 2030 | ₹345.70 |
| November 2030 | ₹349.90 |
| December 2030 | ₹354.43 |
IREDA Share Fundamentals
| Parameter | Value |
|---|---|
| Market Cap | ₹ 40,007 Cr. |
| Current Price | ₹ 149 |
| High / Low | ₹ 149 / 50.0 |
| Stock P/E | 46.3 |
| EBITDA | ₹24.4 |
| Dividend Yield | 0.00 % |
| ROCE | 8.17 % |
| ROE | 15.4 % |
| Face Value | ₹ 10.0 |
| Debt to equity | 6.77 |
| Profit after tax | ₹ 865 Cr. |
| Promoter holding | 75.0 % |
| Debt | ₹ 40,165 Cr. |
| EPS | ₹ 3.78 |
What work does IREDA company do?
IREDA, or Indian Renewable Energy Development Agency, is a public sector company of the Government of India responsible for financing, promoting, and developing renewable energy projects. This company was established by the Government of India in 1987 and is a leading company in the renewable energy sector in India.
The main functions of IREDA company are as follows –
- Providing debt and equity financing for renewable energy projects.
- Providing technical and financial advice for renewable energy projects.
- Capacity building and awareness raising in the renewable energy sector.
- IREDA has played an important role in the development of the renewable energy sector in India.
- The company has financed over 1000 renewable energy projects to date, with a total capacity of over 100,000 MW.
- IREDA’s projects include solar energy, wind energy, biomass energy, and hydro energy.
Some of the major achievements of IREDA include:
- To play a leading role in the development of solar energy sector in India
- To contribute significantly to the development of the wind energy sector in India.
- Promotion of biomass energy and hydro energy sectors in India
- IREDA is a key institution in the development of the renewable energy sector in India.
- The company is helping India move towards a clean and sustainable energy future through its financing, technical assistance, and capacity-building efforts.
How does IREDA make money?
IREDA earns money mainly in two ways:
Loan:
IREDA provides loans for renewable energy projects. IREDA charges interest on these loans which is 80% of the company’s revenue.
Equity:
IREDA also makes equity investments in renewable energy projects. IREDA receives dividends from these investments and this generates 20% of the company’s revenue.
Why is IREDA’s share increasing?
IREDA’s share is increasing due to many reasons like-
Government of India’s commitment to promote the renewable energy sector:
The Government of India has set a target of increasing the share of renewable energy in its energy production to 50% by 2030. To achieve this goal, the government is implementing several policies and programs to promote the development of renewable energy projects. IREDA is expected to benefit from these policies and programs.
Growing demand in the renewable energy sector:
The demand for renewable energy is increasing rapidly in India. The reason for this is the increasing need for electricity for India’s growing population and economy. This increasing demand is expected to boost IREDA’s business.
Strong Financial Position of IREDA:
IREDA has a strong financial position. The company has a strong balance sheet and a good debt-to-equity ratio. This allows IREDA to expand its business and take advantage of new opportunities.
Due to these factors, investors are showing interest in investing in IREDA shares. This interest is causing the share price of IREDA to rise.
What is the future of IREDA?
The future of IREDA looks bright. The Government of India has set a target of increasing the share of renewable energy in India’s total energy production capacity to 50% by 2030.
To achieve this goal, India will need to invest heavily in renewable energy projects. IREDA is a key institution for financing renewable energy projects, so the company is expected to benefit from this increasing demand.
IREDA is also exploring growth opportunities through the expansion of its new products and services. The company has recently launched a retail division that will provide loans to Rooftop Solar and other B2C sectors. The company is expected to increase its revenue and profits from this new division.
Additionally, IREDA is also looking to expand outside India. The company is interested in investing in renewable energy projects in regions such as Africa, Southeast Asia, and Latin America. IREDA believes that these areas have significant growth potential in the renewable energy sector.
Overall, IREDA has several factors such as a strong financial position, growing demand in the renewable energy sector, and expansion of new products and services that are favorable for its future. Due to these factors, there are possibilities for the growth of the company.
Do Read: (PPL) Pradeep Phosphates Share Price Target 2025
Is it good to buy IREDA shares?
If you want to buy this company just by looking at its share price and returns then I would tell you to stay away from this company but if you like the business of this company and you want to invest in a good and strong company in the renewable sector. So you can consider buying shares of this company.
So what I mean to say is that you should never buy any stock just by seeing its price increase, but only if you understand the company’s business then you should think about investing in the company.
However, it is important to note that the stock market is volatile and share prices can fluctuate at any time. Therefore, before investing in IREDA shares, investors should keep in mind their financial goals and risk tolerance.
Strength of Ireda share company
- The company has a brand name and also works in future enhancing areas.
- The management team of the company is strong with a lot of experience.
- The net profit of the company is Rs 864 crores which has been continuously increasing for the last 3 years.
Weakness of Ireda share company
- The previous cash flow of the company is recorded as negative.
- The company still has high working capital requirements.
- The functioning of the company is such that fluctuations in interest rates impact this area.
Frequently Asked Questions for IREDA share price target
What is IREDA shares long-term goals?
IREDA Share long term Target: IREDA Shares of IREDA seem to be a good long-term investment due to its rapidly increasing profits and good growth. Also, IREDA’s technicals and fundamentals look very good. So you question, is IREDA stock a good buy for the long term? The answer is that IREDA shares are a good buy for the long term.
What is IREDA’s share price target in February 2024?
On February 1, the Finance Minister presented the budget for 2024, the benefits of which are already visible to a company like IREDA. According to us, IREDA Share Price Target Fab is expected to reach Rs 205 in 2024.
What is IREDA’s share price target in 2024?
Indian stock market is showing good growth as Nifty, Sensex, and Banknifty have been rising rapidly since the beginning of the year and all the shares seem to be performing well. According to our analysis, IREDA’s Share Price Target will go up to Rs 245 in 2024. are supposed to.
What is IREDA’s share price target in 2025?
IREDA’s Share Price Target is likely to go up to around Rs 313 in 2025.
What is IREDA’s share price target in 2026?
IREDA’s Share Price Target is likely to go up to around Rs 457 in 2026. Some projects of the company are also expected to be completed in 2026, the benefit of which can lead to a good increase in the share price.
What is IREDA’s share price target in 2027?
IREDA’s Share Price Target has every possibility of going up to around Rs 547 in 2027.
What is IREDA’s share price target in 2028?
IREDA’s Share Price Target is likely to go up to around Rs 663 in 2028.
What is IREDA’s share price target in 2029? ,
IREDA’s Share Price Target is likely to go up to around Rs 769 in 2029.
What is IREDA’s share price target in 2030?
IREDA’s Share Price Target is likely to go up to around Rs 946 in 2030.
What is IREDA’s share price target in 2035?
IREDA’s Share Price Target is likely to go up to around Rs 1315 in 2035.
What is IREDA’s share price target in 2040? ,
IREDA Share Price Target 2040: After such tremendous performance of IREDA shares in a short period, IREDA shareholders want to know how the share will perform in the long term. According to us, the IREDA Share Price Target is likely to go up to around Rs 1850 in 2040.
What is IREDA’s share price target in 2050?
IREDA’s Share Price Target is likely to go up to around Rs 3870 in 2050.
What is IREDA’s share price target in the next 5 years? ,
Based on the way IREDA has shown tremendous growth in the last year, the IREDA Share Price Target is likely to go up to around Rs 769 in the coming 5 years.
What is IREDA’s share price target in the next 10 years? ,
It is very difficult and a long time to predict the share of any company, therefore, based on deep study, our experts found that there is a strong possibility of IREDA Share Price Target increasing to around Rs 1165 in the coming 10 years.
Is IREDA loan-free?
IREDA is not a debt-free company. IREDA has a debt of Rs 32,587 crore.
Does IREDA give bonus shares?
Many companies provide bonus shares to shareholders from time to time, but IREDA has not provided any bonus shares to its shareholders after 2023. If in the future IREDA Group makes any announcement related to giving bonuses to the shareholders, then we will inform you about it, for that stay connected with us.
Does IREDA provide dividends?
Before investing in any share, many investors have questioned whether the company in which they are investing gives dividends because the company provides you some percentage of profit every year without selling your shares. The question also arises in IREDA, does IREDA provide dividends? So the answer to this question is yes, IREDA does not provide dividends.
Conclusion
After discussing in detail IREDA Share, now we hope that you know everything in detail about IREDA Share Price Target, and about it works, you have complete information and all your dilemmas will be resolved, and how fast IREDA is developing and IREDA is a leading company in this field, so it is clear that you have understood well whether it is beneficial to invest in its shares or not, now you can take the right decision.