Indian Renewable Energy Development Agency (IREDA) had a P/E of 15.9× on 6 Nov 2026, and the shares are 27% below their 52-week high. Net profit grew 29% a year over 3 years, with ROE of 14%. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 2.18× book value and its dividend yield is 1.4%. It is a small-cap company with a market cap of ₹31,312 Cr, ranked 17th of 193 Credit Services companies by market cap; the shares fell 27% over the past year.
- ₹109.00
- ₹112.12
- ₹108.00
- ₹110.15
- 80.9 L
Health check
- ReturnsBehind
−27.1% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/B 2.18 vs peer median 2.62.
- GrowthStrong
Profit +29.4% a year over 3 years.
- ProfitabilityAverage
ROE 14.4% vs peer median 18.7%.
- Balance sheetSolid
Return on assets 2.12%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹31,312 Cr
- Small cap
- P/E
- 15.9
- Industry 15.5
- Price to book
- 2.18
- Peers 2.62
- Dividend yield
- 1.35%
- ROE
- 14.4%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹7.02
- Face value ₹10
- OPM (TTM)
- 38.9%
- Net margin 69.2%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- −0.7%
- Latest quarter vs a year ago
- Price to sales
- 11.01
Strengths and risks
Strengths and risks
Nothing stands out either way in the headline numbers.
About Indian Renewable Energy Development Agency
Indian Renewable Energy Development Agency Limited, a non-banking financial company, provides financial products and services in the renewable energy and energy efficiency sectors in India. The company promotes, develops, and extends financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation; and environmental technologies for sustainable development. It also generates solar, wind,…
- Headquarters
- New Delhi
- Sector
- Financial Services
- ISIN
- INE202E01016
- Website
- ireda.in
Price range
- Avg volume (3M)
- 46.6 L
- 1-year return
- minus 27.1%
- From 52-week high
- minus 27.4%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| IREDAIndian Renewable Energy Development Agency | 111.46 | plus 1.19% | 31,312 | 15.9 | 2.18 | 14.4% | 2.1% | 29.4% | 1.35% | minus 27.1% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,924 | 2,121 | 2,151 | 2,236 | 2,330 | |
| 1,252 | 1,294 | 1,290 | 1,391 | 1,428 | |
| 672 | 827 | 861 | 845 | 902 | |
| 34.9% | 39.0% | 40.0% | 37.8% | 38.7% | |
| −4 | 29.8 | −28 | −4.2 | −6.4 | |
| 10 | 11 | 12.5 | 9.9 | 10.3 | |
| −353 | −129 | −201 | −417 | −181 | |
| 305 | 717 | 619 | 414 | 704 | |
| 19.0% | 18.4% | 20.4% | 18.2% | 21.6% | |
| 247 | 585 | 493 | 339 | 552 | |
| 0.91 | 2.09 | 1.76 | 1.21 | 1.97 |
Profit & loss
- Profit CAGR 3Y
- +29.4%
- EPS CAGR 3Y
- +27.9%
- ROE
- 14.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,343 | 4,838 | 6,618 | 8,126 | |
| – | +44.7% | +36.8% | +22.8% | |
| 1,324 | 2,197 | 2,423 | 2,578 | |
| 2,019 | 2,641 | 4,195 | 5,548 | |
| 60.4% | 54.6% | 63.4% | 68.3% | |
| 72.2 | 91.4 | 51.7 | 126 | |
| 898 | 1,136 | 1,896 | 2,545 | |
| 23.5 | 30.4 | 38.9 | 43.9 | |
| −30.8 | 119 | −208 | −747 | |
| 1,139 | 1,685 | 2,104 | 2,338 | |
| 24.1% | 25.7% | 19.3% | 19.8% | |
| 865 | 1,252 | 1,698 | 1,874 | |
| – | +44.8% | +35.6% | +10.3% | |
| 3.22 | 5.16 | 6.32 | 6.73 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,285 | 2,688 | 2,688 | 2,809 | |
| 3,651 | 5,872 | 7,579 | 10,976 | |
| 40,165 | 49,687 | 64,758 | 77,863 | |
| 4,347 | 4,354 | 1,843 | 2,159 | |
| 50,447 | 62,600 | 76,867 | 93,808 | |
| 368 | 356 | 343 | 316 | |
| 139 | – | – | – | |
| 174 | 172 | 618 | 898 | |
| 912 | 688 | 518 | 750 | |
| 48,854 | 61,384 | 75,388 | 91,843 | |
| 50,447 | 62,600 | 76,867 | 93,808 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −12,343 | −11,100 | −14,460 | −14,477 | |
| −17.2 | −23.2 | −518 | −281 | |
| 12,368 | 11,059 | 14,960 | 14,748 | |
| 7.3 | −64.3 | −16.9 | −9.6 | |
| −17.3 | −23.3 | −27.6 | −15.4 | |
| −12,360 | −11,123 | −14,487 | −14,492 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 4.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.