Are you looking for the safe renewable energy stock to invest in? If yes, this post is for you where we going to take a look at IREDA share price target 2024, 2025, 2026, 2027, 2028, 2029, and 2030 & 2040.
Along with the IREDA share price target, we’ll take a look at the company’s profile, Sector PE, their competitors, technical charts, fundamental analysis, strength & weakness, market cap, balance sheet, shareholding patterns, and much more.
After reading this post, we must say that you might able to decide whether this renewable energy stock should be there in your portfolio or not?
A Brief Overview of Indian Renewables Energy Development Agency (IREDA) History
The Indian Renewables Energy Development Agency (traded as IREDA) is a Non-Banking Financial company for renewable energy sector under the assistance of Government of India.
The IREDA was founded in 1987 and also registered with RBI as a NBFC. Their headquarter is located in New Delhi, India. On 2023, the IREDA was listed through IPO in NSE and BSE.
However, the IREDA incorporated with an aim to provide financial assistance and related services to renewable energy projects, energy efficiency projects and energy conservation projects.
It is a Navratna company comes under the Ministry of New and Renewable Energy, GOI. In this detailed blog post, we will get an idea and explore the IREDA share price target for 2024, 2025, 2026, 2030, and up to 2040.
For long term investment, investor might bet on this company in the stock market because the future of renewable energy sector is very bright and soon, we will rely on the Renewable energy to make our environment clean and green.
For the analysis, we will use different market indicators, weakness, strength, and technical analysis to predicts the potential and forecast of IREDA share up to the year 2040.
| Company Type- | Mid Cap Company |
| Expertise or Industry- | Renewable Energy and NBFC |
| Ticker Symbol- | NSE- IREDA BSE- 544026 BSE- SENSEX |
| Traded As (Listed In)- | National Stock Exchange (NSE). Bombay Stock Exchange (BSE). |
| Founded In- | 1987 |
| Founders- | Government of India |
| Headquarters- | New Delhi, India |
| Key People- | Pradip Kumar Das (Chairman) Bijay Kumar Mohanty (CFO) |
| Area Served- | India and other countries |
| Parent Holders- | Ministry of New and Renewable Energy, Govt. of India |
| Subsidiaries- | IREDA Global Green Energy Finance IFSC Ltd. |
| Official Website- | ireda.in |
Fundamental Analysis of Indian Renewable Energy Development Agency (IREDA)
Currently, the IREDA Share Price today– Rs. 197.90.
With the help of their fundamental analysis, we can predict the IREDA share price target tomorrow. For this, we need to look at several parameters such as PE ratio, Book Value, Debt, ROE, ROCE, EPS, and so on. So, below is table of data that will give you an idea about the financial data analysis of IREDA shares in the Indian Stock Market.
| Market Cap- | ₹ 62,128 Cr. |
| Total No. of Shareholders- | 26.17L |
| Total No. of Shares- | 269 Crores |
| P/E Ratio- | 47.00 |
| P/B Ratio- | 7.05 |
| Face Value- | ₹ 10.00 |
| Book Value (TTM)- | ₹ 31.80 |
| EPS (TTM)- | Rs. 5.18 |
| Dividend Yield- | 0% |
| Beta- | 1.46 |
| Promoter Holding- | 75% |
| ROE- | 17.30% |
| ROCE- | 9.30% |
| Debt to Equity- | 8.01 |
IREDA Share Price Targets
After analysing the growth, the IREDA company has a loan book of Rs. 70,000 Crores in FY24 with a growth of 27% compared to FY23. With this potential, IREDA has tremendous potential in the upcoming years. In 2023, when IREDA IPO was listed in stock market their issue price is Rs. 50 but now in 2024, the stock is making 52-week high of ₹310.
With this result, we may predict that the IREDA share is going to perform amazing in the 10-15 years of investment considering increasing growth potential and bull run in the Indian stock market. So, below we are providing the IREDA Share Price Target 2024, 2025 and up to 2030.
It may also be noted that the table below displays information of IREDA Share Price Targets of all the particular years are about the attainable targets. All the share price targets in this post are made only for education purpose only.
IREDA Share Price Target 2024
| Year | IREDA Share Price in 2024 |
| 2024 | ₹102 to ₹315. |
IREDA Share Price Target 2025
| Year | IREDA Share Price in 2025 |
| 2025 | ₹317 to ₹425. |
IREDA Share Price Target 2025– As the growing economy of India and country is going towards green and renewable energy. That’s the reason, renewable sector will also boom as we have already seen the potential in IREDA Stock. With our prediction, the IREDA Stock has chances to lie in the range of Rs. 317 to Rs.425 by the end of 2025.
IREDA Share Price Target 2026
| Year | IREDA Share Price in 2026 |
| 2026 | ₹427 to ₹520. |
IREDA Share Price Target 2027
| Year | IREDA Share Price in 2027 |
| 2027 | ₹522 to ₹590. |
IREDA Share Price Target 2028
| Year | IREDA Share Price in 2028 |
| 2028 | ₹593 to ₹695. |
IREDA Share Price Target 2029
| Year | IREDA Share Price in 2029 |
| 2029 | ₹699 to ₹783. |
IREDA Share Price Target 2030
| Year | IREDA Share Price in 2030 |
| 2030 | ₹785 to ₹897. |
IREDA Share Price Target 2030– Considering positive more in the renewable, solar, and green energy sector to minimize the use of carbon and increase energy efficiency, the IREDA share looks positive and best in terms of returns (CAGR), the share has a potential for long term investment and their price will lie in the range of Rs.785 to Rs.897 by the end of 2030.
IREDA Share Price Target 2035
| Year | IREDA Share Price in 2035 |
| 2035 | ₹898 to ₹969. |
IREDA Share Price Target 2035– the IREDA stock prediction for 2035 will lie between Rs.898 to Rs.969 as the Indian government shake hands to make the country clean and green by using renewable energy and related products for energy conversation.
IREDA Share Price Target 2040
| Year | IREDA Share Price in 2040 |
| 2040 | ₹970 to ₹1115. |
IREDA Share Price Target 2040– Considering increase in loan book orders, profitable balance sheet and low debt, the IREDA share will might lie between the price range of Rs.970 to Rs.1115 by the end of 2040. One thing we can say that if you have an horizon of 10-15 years of investment then IREDA share has tremendous potential.
Shareholding Pattern of IREDA Share
Below is the table that shows the overall shareholders including promotor holding in IREDA share till September 2024.
| Total Promotor Holding | 75.00% |
| Mutual Funds | 0.19% |
| Other Domestic Institutions (DII) | 0.16% |
| Foreign Institutions (FII) | 2.02% |
| Retail Investors | 19.88% |
| Other Parties | 2.74% |
Strength and Weakness of IREDA Share Price
This portion of the article showcase the strength and weakness of Indian Renewable Energy Development Agency in the renewable and NBFC sector so that people can decide whether the stock has potential or not.
| Strength | Weakness |
| Consistent high returns in NIFTY500. | Mutual Fund investors decreased. |
| Reducing Debt. | Declined Net Cash Flow. |
| Net Profit Growth is increasing. | PE is high compared to Industry PE. |
| High EPS (TTM) growth. | |
| Book value is improving. |
IREDA Competitors and Peers
Below is the list of companies that shows an amazing competition as we compared their peers to IREDA share in the renewable energy sector.
- Shriram Finance.
- Muthoot Finance.
- Tata Invest Corp.
- Sundaram Finance.
- Premier Energies Ltd.
- IRFC.
- Ujaas Energy Ltd.
Final Words about IREDA Share Price Target
We hope that you found this educational post helpful about the IREDA share price target. IREDA is good stock because they provide financial services to all the renewable energy sector companies.
With the above discussion, you can also decide whether you going to choose IREDA share for long term investment and swing trading.
One thing we must say, the demand for the renewable energy is going to increase as we move forward to enhance green energy to remove carbon from our lives. And this step will definitely help IREDA share to grow and give tremendous returns to the investors in future.
Do your own research properly at your own risk because market is not predictable and news related to renewable energy sector or other scenarios could also impact the growth of IREDA stock price.
Therefore, these IREDA stock price targets should use as a guideline and not as a financial advice. Always perform your owns research and knowledge before making any investments.
We hope that you all do proper research before picking the IREDA share for investment! Please read the Disclaimer below.
