Indian Renewable Energy Development Agency Limited

Indian Renewable Energy Development Agency Limited (IREDA) is a mid-cap Financial Services company valued at ₹30,368 crore operating in Financial Institution on the NSE and BSE.

Recent price move

Indian Renewable Energy Development Agency Limited last traded at ₹108.8, modestly up 0.50% on the day.

Recent developments

On 2026-08-17, Sembcorp Industries announced a $500M IPO for its Indian renewable energy unit, which may impact IREDA's competitive landscape. On 2026-08-03, IREDA was listed among companies set to release their Q1 results, indicating routine financial reporting activity.

Financial performance

IREDA's business has grown significantly, with annual revenue rising 23.5% and net profit increasing 10.3% year-over-year. The latest quarter saw revenue rise 16.1% and net profit jump 37.1% compared to the same quarter a year earlier, though the net profit margin narrowed by 2.7 percentage points to 22.5%.

Valuation multiples

The stock trades at 16.2 times earnings, a discount to the Financial Services median of 19.3, 2.28 times book value. It yields 1.2%.

Things to watch

IREDA's debt to equity ratio stands at 5.65, indicating a highly leveraged position. The stock is 33.9% below its 52-week high, and the net profit margin has declined by 2.7 percentage points, which could signal pressure on profitability.

Where it stands

IREDA has shown strong revenue and profit growth over the past five years, with recent quarterly results reflecting continued expansion. The most significant movement is the 37.1% rise in net profit compared to the same quarter a year earlier, though the company remains highly leveraged with a debt to equity ratio of 5.65.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.