ireda share price target 2024,2025,2026,2027,2028, To 2030

Incorporated in March 1987, the Indian Renewable Energy Development Agency (IREDA) has been a pivotal player in promoting, developing, and extending financial assistance for new and renewable energy projects, along with energy efficiency and conservation projects. This article explores the growth trajectory and future prospects of IREDA, especially focusing on its share price target in 2025.

Business Profile of IREDA

IREDA offers a comprehensive range of financial products and services, from project conceptualization to post-commissioning, for Renewable Energy projects and other value chain activities. This includes equipment manufacturing and transmission.

Projects Financed by IREDA

The agency has financed projects across multiple Renewable Energy sectors such as solar power, wind power, hydropower, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC, and green-mobility.

Financial Performance

IREDA has demonstrated robust growth, with a diversified loan book of Rs 47,514 crore in September 2023, showing a strong CAGR of 30% between FY21 and FY23. Loans disbursed have also shown significant growth, increasing from Rs 8,828 crore in FY2021 to Rs 21,639 crore in FY2023.

Asset Quality Improvement

One of the key indicators of IREDA’s performance is its improving asset quality. Gross Non-Performing Assets (GNPAs) decreased from 8.77% in FY21 to 3.21% in FY23, while Net Non-Performing Assets (NNPAs) decreased from 5.61% in FY21 to 1.66% in FY23.

Geographical Presence

IREDA has a geographically diversified portfolio, operating across 23 states and five union territories in September 2023.

Credit Rating

The agency has been highly rated by credit rating agencies, holding AAA (Stable) ratings from India Ratings, ICRA, and Acuite. The share of secured assets was reported at 93.41%.

Loan Concentration

IREDA has maintained a well-diversified loan book, with the largest borrower accounting for only 3.9% of the loan book in September 2023. The top 5, top 10, and top 20 borrowers accounted for 16.2%, 25.9%, and 39.7% respectively.

Ireda share price target BSE: 544026 NSE : IREDA

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Loan Book Bifurcation – Sectorwise

In FY23, the private sector accounted for 73% of the loan book, while the public sector accounted for 27%, reflecting a shift from 66% and 34% respectively in FY22.

IREDA Share Price Target 2023

IREDA Share Price Target 2024

IPO Details

IREDA intends to raise Rs 2150 crore through an IPO, of which Rs 1290 crore will be utilized for augmenting the capital base to meet future capital requirements and onward lending.

IREDA Share Price Target 2030

Conclusion

In conclusion, IREDA’s strong financial performance, coupled with its commitment to promoting renewable energy projects, positions it favorably for future growth. With a diversified loan book, improving asset quality, and a strong credit rating, the agency is well-equipped to achieve its share price target in 2025.

FAQs

What is IREDA’s role in promoting renewable energy projects?

IREDA provides financial assistance and services for new and renewable energy projects, along with energy efficiency and conservation projects.

How has IREDA’s loan book grown over the years?

IREDA’s loan book has shown strong growth, with a CAGR of 30% between FY21 and FY23.

What is the geographical presence of IREDA?

IREDA operates across 23 states and five union territories in India.

How has IREDA’s asset quality improved over time?

IREDA has shown improvement in its asset quality, with GNPAs decreasing from 8.77% in FY21 to 3.21% in FY23, and NNPAs decreasing from 5.61% in FY21 to 1.66% in FY23.

What are the key sectors financed by IREDA?

IREDA finances projects across multiple Renewable Energy sectors such as solar power, wind power, hydropower, transmission, biomass, waste-to-energy, and green-mobility.

IREDA Share Price Target 2023?

₹135

IREDA Share Price Target 2024?

₹205

IREDA Share Price Target 2025?

₹314

IREDA Share Price Target 2026?

₹407

IREDA Share Price Target 2027?

₹485

IREDA Share Price Target 2028?

₹565

IREDA Share Price Target 2029?

₹685

IREDA Share Price Target 2030?

₹875