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IREDA Share Price Today

Company details

177.50
182.30
50.00
214.80
6M Return 59.92%
1Y Return 198.52%
Mkt Cap.(Cr) 48,140.56
Volume 15,913,225
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 15,913,225

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Financial Institution firm Indian Renewable Energy Development Agency announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights as against Q4FY23:

  • Profit Before Tax: Rs 479.67 crore as against Rs 288.38 crore (up by 66.33%).
  • Profit After Tax: Rs 337.38 crore as against Rs 253.62 crore (up by 33.03%).
  • Loan Sanction: Rs 23,407.57 crore as against 11,796.95 crore (up by 98.42%).
  • Loan Disbursement: Rs 12,869.35 crore as against 11,291.09 crore (up by 13.98%).
  • Loan Book: Rs 59,698.11 crore as against Rs 47,052.52 crore (up by 26.81%).
  • Net-worth: Rs 8,559.43 crore as against Rs 5,935.17 crores (up by 44.22%).
  • Net NPAs: 0.99% as against 1.66% (reduction by 40.52% in percentage terms).

FY24 Financial Highlights as against FY23:

  • Profit Before Tax: Rs 1,685.24 crore as against Rs 1,139.25 crore (up by 47.93%).
  • Profit After Tax: Rs 1,252.23 crore as against Rs 864.63 crore (up by 44.83%).
  • Loan Sanction: Rs 37,353.68 crore as against 32,586.60 crore (up by 14.63%).
  • Loan Disbursement: Rs 25,089.04 crore as against 21,639.21 crore (up by 15.94%).
  • Loan Book: Rs 59,698.11 crore as against Rs 47,052.52 crore (up by 26.81%).
  • Net-worth: Rs 8,559.43 crore as against Rs 5,935.17 crores (up by 44.22%).
  • Net NPAs: 0.99% as against 1.66% (reduction by 40.52% in percentage terms).

Commenting on the results,Pradip Kumar Das, Chairman & Managing Director of IREDA, expressed his happiness at the remarkable financial results achieved. He emphasized IREDA's steadfast commitment to accelerating the adoption of renewable energy solutions in India, indicating a promising trajectory for investors and stakeholders.

CMD, IREDA attributed the company's growth to the unwavering trust and support of its stakeholders, while extending gratitude to the Ministry of New & Renewable Energy and Board of Directors for their indispensable support and guidance. He also commended Team IREDA for their dedication and persistent efforts, which significantly contributed to the outstanding financial performance.

 

Result PDF

View Other Company Results

IREDA Shares SWOT Analysis

Strengths (9)

  • Good quarterly growth in the recent results
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Company reducing Debt

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • Decrease in Provision in recent results

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 181.8
R2 184.4
R3 186.6
Pivot

179.64

S1 177.0
S2 174.8
S3 172.2
EMA SMA
179.4
172.2
158.5
-
182.2
174.3
166.3
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MANSI SHARE AND STOCK ADVISORS PVT LTD Bulk Purchase 2024-02-27 151.6 16371699 NSE
MANSI SHARE AND STOCK ADVISORS PVT LTD Bulk Sell 2024-02-27 155.04 16371693 NSE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 161.75 643157 NSE
Name Category Shares
President of India, through Secretary MNRE PROMOTER 75%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

IREDA Stocks Comparison

Financials( in Cr) Indian Renewable Energy Development Agency Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 179.11 7,341.55 1,591.75 174.80 357.00
% Change -0.53 0.64 0.10 -0.19 -1.05
Mcap Cr 48,140.56 454,439.01 253,961.96 228,437.48 226,812.24
Revenue TTM Cr 4,965.23 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 1,252.23 11,507.69 12,209.54 6,337.01 31.25
PE TTM 38.43 31.44 31.21 35.59 141.13
1 Year Return 198.52 2.44 7.10 429.70 43.43
ROCE 9.29 11.76 12.69 5.32 0.03
ROE 17.28 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,559.42 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

IREDA Information

Stock PE (TTM)
38.43
Promoter Holding
75%
Book Value
31.8459
ROCE
9.29%
ROE
17.28%
Description
  • Indian Renewable Energy Development Agency Limited (IREDA) was incorporated on March 11, 1987 as a public limited company and has obtained certificate of commencement of business dated March 21, 1987. The Company was notified as a public financial institution on October 17, 1995, by the Department of Company Affairs, Ministry of Finance, GoI. Further, the Reserve Bank of India granted a certificate of registration to the Company on January 23, 2008, permitting to carry on the business of Non-Banking Financial Company without accepting public deposits. IREDA is a domestic financial institution with more than 30 years of experience in the Indian renewable energy sector. The Company provides financial assistance to renewable energy projects, companies and manufacturers in India for power generation, equipment supply and fuel source projects including wind power, solar power, hydro power, biomass, co-generation and waste to energy as well as energy efficiency and conservation. The Company provides comprehensive suite of financial products and services includes various fund-based financial products including long-term and short-term project and manufacturing loans, take out financing, bridge loans and bill discounting, and non-fund based assistance, like performance guarantees, letters of comfort, letters of undertaking and refinancing schemes. IREDA is currently a 100% Government of India ("GoI") owned enterprise under the administrative control of the Ministry of New and Renewable Energy (the "MNRE). The Company is a "Public Financial Institution" (a "PFI") under section 2(72) of the Companies Act, 2013 and is registered as a non-banking financial company (a "NBFC") with the Reserve Bank of India (the "RBI"). The Company believes that its classification as a PFI enhances its ability to raise funds on a cost-competitive basis (including through the issuance of various types of bonds that offer certain tax benefits to the bondholders). The company also was conferred with the Mini Ratna (Category 1) status in June 2015 by the Department of Public Enterprises. The Company was established as an integral part of, and have played a strategic role in, the GoI`s initiatives for the promotion and development of the renewable energy sector in India. It has been involved in the development and implementation of various policies and structural and procedural reforms in the renewable energy sector. Under the IREDA-NCEF Refinancing Scheme, the company utilizes funds received from the National Clean Energy Fund ("NCEF") to refinance renewable energy projects for bio-mass (up to 10MW) and small hydro (up to 5MW). We have also been involved in various GoI programs for the development of renewable energy sector including the Wind GBI Scheme, the Solar GBI Scheme and the Solar Water Heating System Capital Subsidy Scheme. The Company`s primary sources of funds include domestic and foreign borrowings, internal resources and Government of India guarantees and support. In September 2017, the company issued Rs. 19,500 million of green rupee-denominated bonds in the international markets (with proceeds received on October 10, 2017). In March 2017, the company issued Rs. 7,000 million of green energy bonds in the domestic market. Both issues were in accordance with its Green Bond Framework which meets requirements of the Climate Bonds Standard Version 2.0 issued by the Climate Bond Initiative (Green Bonds) and also adheres to the Green Bond Principles, 2015, issued by the International Capital Markets Association (ICMA). The international funding sources also includes loans from the World Bank, the Asian Development Bank, Kreditanstant fur Wiederaufbau, Japan International Cooperation Agency European Investment Bank, Agence Francaise Development and Nordic Investment Bank. In addition to the financial products and services, the company has also set up its own 50 MW Solar Photovoltaic Project in 200 MW Kasaragod Solar Park in the state of Kerala, on which it has spent Rs. 2,939.85 million through September 30, 2017. The project was commissioned in September 2017 and has begun generating power which is being injected into the Kerala State Electricity Board grid. The project began generating revenue in September 2017.

Registered Address

India Habitat Centre 1st Floor, East Court Core-4 A Lodhi Road, New Delhi, New Delhi, 110003

Tel : +91 11 2468 2214
Email : equityinvestor2023:ireda.in
Website : https://www.ireda.in/home
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 544026
NSE Code : IREDA
Book Closure Date (Month) :
BSE Group : B
ISIN : INE202E01016

IREDA Shares Faqs

You can buy IREDA shares through a brokerage firm. ICICI Direct is a registered broker through which you can place orders to buy IREDA Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of IREDA was Rs.179.11.

Market capitalization or market cap is determined by multiplying the current market price of a companys shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of IREDA stood at Rs. 48,140.56.

The latest PE ratio of IREDA as of Jun 14, 2024 03:59 PM is 38.43

The latest PB ratio of IREDA as of Jun 14, 2024 03:59 PM is 0.18

The 52-week high of IREDA share price is Rs. 214.80 while the 52-week low is Rs. 50.00

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