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Indian Renewable Energy Development Agency Ltd Performance

Today's Low
178.25
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Today's High
191.00
52 Wk Low
50.00
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52 Wk High
214.80


Open

178.25

Traded Value (Cr)

1,768.73

Prev. Close

187.54

Face Value

10

Volume

94311893

Indian Renewable Energy Development Agency Ltd Fundamentals

Market Cap
₹ 42305.42 Cr
P/E Ratio (TTM)
122.02
P/B Ratio
7.31
Debt to Equity
8.31
ROE
17.28
EPS (TTM)
1.29
Dividend Yield
0.00 %
Book Value
21.53

Click here to know more about Fundamentals

Indian Renewable Energy Development Agency Ltd Financials

Indian Renewable Energy Development Agency Ltd Financials

Indian Renewable Energy Development Agency Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Nov 2023
Promoters 75.00 % 75.00 % 75.00 %
Retail 21.33 % 17.58 % 12.41 %
Others 1.78 % 2.67 % 4.70 %
FII 1.36 % 1.88 % 3.95 %
Mutual Funds 0.53 % 2.87 % 3.94 %

Promoters

75.00%

Retail

21.33%

Others

1.78%

FII

1.36%

Mutual Funds

0.53%

Promoters

75.00%

Retail

17.58%

Others

2.67%

FII

1.88%

Mutual Funds

2.87%

Promoters

75.00%

Retail

12.41%

Others

4.70%

FII

3.95%

Mutual Funds

3.94%

Resistance and Support

₹185.60

PIVOT

resistance-arrow
Resistance
First Resistance₹192.943
Second Resistance₹198.347
Third Resistance₹205.693
support-arrow
Support
First Support₹180.193
Second Support₹172.847
Third Support₹167.443

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day14,018,19846,836,76649.66
Week94,311,89313,992,166792.19
1 Month94,311,89311,102,066792.19
6 Months4,681,689,6841,763,035,43042.75

About Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency Limited (IREDA) was incorporated on March 11, 1987 as a Public Limited Company and obtained the 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 pioneering financial institution with more than 36 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. The Company is a 'Navratna' Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE). IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: 'ENERGY FOR EVER'. 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). It has 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. IREDA commissioned one large Hydro Project of 1200 MW under consortium financing in FY 2016-17. 50 MW Solar Project of IREDA situated at Kasargod, in the state of Kerala was installed and commissioned in September, 2017. In 2019-20, Short Term Loan Facility to Govt. Bodies/ DISCOMS/Transcos/State Owned Trading Companies' was introduced for meeting RPO Compliance/Procurement of RE Power/Payment to RE Generators/Setting up RE Infrastructure (including transmission lines). A Scheme for 'Loan against Securitization of future GBI receivables in case of Grid Connected Wind & Solar Projects' was introduced to provide loan against Securitization of future GBI receivables of Wind & Solar projects registered under GBI scheme of MNRE. Financing Scheme for 'Setting up of New distillery / Expansion of existing distillery for production of Ethanol using Sugarcane Juice / Sugar / Sugar Syrup /B-Heavy Molasses/ C-Heavy Molasses/ Damaged Food Grains' was introduced to provide financial assistance for setting up of new Distillery or expansion of existing Distillery for manufacturing of Ethanol, which in turn promote blending of biofuel in petroleum for reduction in pollution levels and addressing the issues of sugar demand - supply chain. The Reserve Bank of India granted an Infrastructure Finance Company' status to IREDA in 2023.

Managing Director

Pradeep Kumar Das

Founded

1987

NSE Symbol

IREDA

Indian Renewable Energy Development Agency Ltd Management

NameDesignation
Pradeep Kumar DasChairman & Managing Director
Ajay YadavNominee (Govt)
Padam LalNominee (Govt)
Shabdsharan N. BrahmbhattIndependent Director
Jaganath C. M. JodidharIndependent Director
Ram NihalIndependent Director
Rohini RawatIndependent Director
Ekta Madan.Company Sec. & Compli. Officer
Bijay Kumar MohantyDirector (Finance) & CFO

Indian Renewable Energy Development Agency Ltd News

IREDA receives upgrade in credit rating for NCDs
From CARE
Indian Renewable Energy Deve. Agency to convene AGM
On 24 June 2024
IREDA incorporates wholly owned subsidiary - IREDA Global Green Energy Finance IFSC
On 07 May 2024
IREDA, REC, PSU Bank shares drops after RBI’s stricter project finance framework
The lending companies and PSU banks stocks declined after Reserve Bank of India (RBI)’s circular proposing stricter guidelines on project financing.
IREDA spurts after achieving Navratna status
Indian Renewable Energy Development Agency (IREDA) surged 7.76% to Rs 183.90 after the company was given 'Navratna status' by the government of India.
IREDA rallies after Q4 PAT climbs 33% YoY to Rs 337 cr
Indian Renewable Energy Development Agency (IREDA) jumped 5.88% to Rs 170.25 after the company’s net profit jumped 33% to Rs 337.38 crore in Q4 FY24 as compared with Rs 253.62 crore in Q4 FY23.
IREDA Q4 PAT climbs 33% YoY to Rs 337 cr
Indian Renewable Energy Development Agency (IREDA) said that its net profit jumped 33% to Rs 337.38 crore in Q4 FY24 as compared with Rs 253.62 crore in Q4 FY23.
Indian Renewable Energy Development Agency standalone net profit rises 33.03% in the March 2024 quarter
Sales rise 33.62% to Rs 1339.77 crore
IREDA hits the roof after loan disbursals climbs 14% YoY in Q4 FY24
Indian Renewable Energy Development Agency (IERDA) hit an upper circuit of 5% to Rs 149.75 after the company’s total disbursement jumped 13.98% to Rs 12,869 crore in Q4 FY24 as compared with Rs 11,291 in Q4 FY23.
IREDA announces change in directorate
With effect from 05 March 2024

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Indian Renewable Energy Development Agency Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Indian Renewable Energy Development Agency Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Indian Renewable Energy Development Agency Ltd's share price is ₹187.54 as of June 21, 2024 at 04:14 PM

Indian Renewable Energy Development Agency Ltd's P/E ratio is 122.02 times as of June 21, 2024 at 04:14 PM.

Indian Renewable Energy Development Agency Ltd's most recent financial reports indicate a price-to-book ratio of 7.31, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Indian Renewable Energy Development Agency Ltd's market is 42,305 Cr as on June 21, 2024 at 04:14 PM.

The current financial records of Indian Renewable Energy Development Agency Ltd show a 17.28% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Indian Renewable Energy Development Agency Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Indian Renewable Energy Development Agency Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Indian Renewable Energy Development Agency Ltd's 52-week high and low as of June 21, 2024 at 04:14 PM are ₹214.8 and ₹50 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Indian Renewable Energy Development Agency Ltd stands at 75.00%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 1.88% to 1.36%.