Indian Renewable Energy Development Agency Ltd.

NSE: IREDA · Financial Institution

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52W Range₹99 – ₹153

Snapshot

Unlock Indian Renewable Energy Development Agency Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Indian Renewable Energy Development Agency Limited is a non-banking financial institution that provides financial assistance for renewable energy and energy efficiency projects. The company also operates in the power generation sector, focusing on solar, wind, hydro, and waste-to-energy sources.

Vertical mix

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Geography mix

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Business Model

The company generates revenue primarily through interest income from loans extended to renewable energy projects and through the sale of power generated from its own renewable energy assets.

  • Incorporation Year:1987

Growth Outlook

Growth is driven by the increasing national focus on energy transition and the rising demand for financing in the renewable energy sector.

Key Risks

  • Credit Risk. The company faces potential defaults from borrowers within the renewable energy sector, which may impact asset quality.
  • Regulatory Risk. Changes in government policies and subsidies regarding renewable energy could adversely affect the company's lending portfolio and project viability.
  • Interest Rate Risk. Fluctuations in interest rates may impact the company's net interest margins and the cost of borrowing for its clients.
  • Concentration Risk. As a specialized lender, the company is highly exposed to the cyclicality and specific challenges of the renewable energy industry.

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Key Metrics

P/E

14.5×

Q1 FY27 · consolidated

14.5 vs 16.0x5Y avg

NET PROFIT MARGIN

15.0%

Q1 FY27 · consolidated

+2.3 ppYoY

DEBT TO EQUITY

5.6%

Q1 FY27 · standalone

+0.2 ppYoY

Peers · Financial Institution

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Indian Renewable Energy Development Agency Ltd.IREDA
₹27,952 Cr14.5×———16.3%—-32.7%
REC Ltd.RECLTD
₹75,205 Cr5.0×—-0.8%—16.9%—-23.5%
Housing & Urban Development Corporation Ltd.HUDCO
₹28,641 Cr6.9×—25.9%—21.3%—-38.3%
IFCI Ltd.IFCI
₹14,730 Cr90.3×—4.8%—4.9%—-0.3%
Tourism Finance Corporation of India LimitedTFCILTD
₹7,311 Cr47.4×—14.8%—12.2%—+128.9%
Haryana Financial Corporation ltd.HARAFIN
₹1,057 Cr———————

As of Q1 FY27

Financials