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Indian Renewable Energy Development Agency Ltd share Price Today

Company details

178.25
191.00
50.00
214.80
6M Return 78.69%
1Y Return 212.57%
Mkt Cap.(Cr) 50,406.34
Volume 943,11,893
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 943,11,893
NSE

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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

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Indian Renewable Energy Development Agency Ltd 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 (4)

  • Highest Recovery from 52 Week Low
  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
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Resistance and support

R1 192.9
R2 198.3
R3 205.7
Pivot

185.60

S1 180.2
S2 172.8
S3 167.4
EMA SMA
179.6
173.4
160.1
-
181.3
175.3
167.4
-
Delivery and volume
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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
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Name Category Shares
President of India, through Secretary MNRE PROMOTER 75%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Indian Renewable Energy Development Agency Ltd 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 187.54 7,134.25 1,578.90 176.32 360.90
% Change 5.66 -1.01 -0.45 2.33 -1.27
Mcap ₹ Cr 50,406.34 4,41,607.22 2,51,911.76 2,30,423.90 2,29,290.02
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 40.31 30.55 30.94 35.91 142.53
1 Year Return 212.57 -1.58 3.80 432.69 45.00
ROCE 9.29 11.76 12.69 5.32 0.03
ROE 17.28 23.46 28.18 14.66 0.02
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,559.42 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,841.27 9,567.52
LAST 3M 1,07,380.98 -15,756.42
LAST 6M 1,82,851.12 -2,333.61
LAST 12M 2,96,057.08 99,791.83

Indian Renewable Energy Development Agency Ltd Information

Stock PE (TTM)
40.31
Promoter Holding
75%
Book Value
31.8459
ROCE
9.29%
ROE
17.28%
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

FAQ’s on Indian Renewable Energy Development Agency Ltd Shares

You can buy Indian Renewable Energy Development Agency Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Renewable Energy Development Agency Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 04:13 PM the closing price of Indian Renewable Energy Development Agency Ltd was Rs.187.54.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 04:13 PM, the market cap of Indian Renewable Energy Development Agency Ltd stood at Rs. 50,406.34 Cr.

The latest PE ratio of Indian Renewable Energy Development Agency Ltd as of Jun 21, 2024 04:13 PM is 40.31

The latest PB ratio of Indian Renewable Energy Development Agency Ltd as of Jun 21, 2024 04:13 PM is 0.17

The 52-week high of Indian Renewable Energy Development Agency Ltd share price is Rs. 214.80 while the 52-week low is Rs. 50.00

According to analyst recommendations, Indian Renewable Energy Development Agency Ltd Share has a "" rating for the long term.

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