IREDA stands for Indian Renewable Energy Development Agency Limited – which is a government non-banking financial institution that provides financial assistance for Renewable Energy Projects across India. It comes under the administrative control of the Ministry of New and Renewable Energy (MNRE).
IREDA’s mission is “Be a pioneering, participant friendly and competitive institution for financing and promoting self-sustaining investment in energy generation from Renewable Sources, Energy Efficiency and Environmental Technologies for sustainable development.” (IREDA)
And, the company is literally a giant and one of the leading financers in the renewable energy field and we can see the effect in its IPO and the recent share price rise – where IREDA rose more than 250% in one and half months of listing and price sustains at the higher levels – indicating a sustainable growth of the company and the share price in the future, like 2025 – 2030 and coming years.
The Main objectives of the Company (IREDA)
The topmost objective of IREDA is to provide financial support to schemes and projects that work to generate renewable energy from various sources and conserve it via energy efficiency.
It is the leading organization that provides financial support for renewable energy projects and wants to maintain its position by providing effective and efficient financing support to green energy companies.
Driving towards customer satisfaction is one of the company’s main objectives.
Fundamentals of IREDA
| Market Cap | Rs. 61,515 cr. |
| Stock P/E | 45.9 |
| ROCE | 9.30 |
| Industry P/E | 26.1 |
| Book Value | rs31.8 |
| ROE | 17.3% |
| EPS | Rs5.18 |
| Dividend Yield | 0.0% |
| Face Value | Rs10 |
IREDA Financials (last 3 Years)
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Revenue | 3,483 | 4,965 | |
| Profit | 865 | 1,252 | |
| Net Worth | 5,935 | 8,559 |
IREDA Ket Metrics
IREDA Compounded Sales Growth
| 10 Years | % |
| 5 Years | 20% |
| 3 Years | 23% |
IREDA Compounded Profit Growth
| 10 Years | % |
| 5 Years | 34% |
| 3 Years | 535 |
IREDA Stock Price CAGR
| 10 Years | % |
| 5 Years | % |
| 3 Years | % |
| 1 Year | % |
IREDA Return on Equity
| 10 Years | % |
| 5 Years | 15% |
| 3 Years | 16% |
| Last Year | 17% |
Is IREDA a Good Stock to Buy?
As of now, IREADA stock is rising forming Higher Highs and Higher Lows Pattern from the day of listing, which is a good sign for the stock and the stockholder.
The company has a good track record of Fundamentals in the past as you can see in the table above. Also, the growth outlook is positive for IREDA because of its higher expansion and the dominance in the loan field in the renewable energy sector where IREDA accounts for more than 60% of the total Renewable energy loan in the country as of March 2024.
Also, the company gets the Navratna Status from the Government of India, which means the company’s board and management get much more autonomy and quick control on quick decision making.
Stock market experts are very optimistic about IREDA’s stock future, citing the company’s robust quarterly results which indicate a good and strong financial condition of the company. Also, the IREDA will benefit from the subsidy from the central government under the PLI scheme. Experts predict a quite good upside move in IREDA’s share price in the near term, with a target of ₹350 per share (Source – Live Mint).
IREDA Stock Price Targets for 2025, 2026, 2027, 2028, 2029, 2030
Let’s take a look at the price targets of this stock in these coming years based on Current Metrics and most importantly the past performance of the Company and the Stock Price.
The brokerage firm ICICI Direct maintains a Buy Rating on IREDA with a target of Rs. 330
As the IREDA aims to grow its loan book by 6 times by 2030 – so we expect a 10 times rise in the stock price of IREDA. So as of now – the stock price of IREDA in 2030 would by around Rs. 2500 (excluding stock split or bonuses)
| Year | … Price Target |
|---|---|
| 2025 | Rs.330 |
| 2026 | Rs.515 |
| 2027 | Rs.880 |
| 2028 | Rs.1200 |
| 2029 | Rs.1800 |
| 2030 | Rs. 2200 – 2500 |
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IREDA Share Price Target for 2025
The Share Price Target for IREDA for 2025 is Rs.330 as the loan book of the company is likely to grow in the coming years as the demand for Solar and Renewable energy rises, and this is one of the major companies that invest in solar projects.
IREDA Share Price Target for 2026
The Share Price Target for IREDA for 2026 is Rs.515 – followed by high demand of Renewable energy projects as the government starts spending more on Renewable projects.
IREDA Share Price Target for 2027
The Share Price Target for IREDA for 2026 is Rs.880 – driven by the Future Growth prospects
IREDA Share Price Target for 2028
The Share Price Target for IREDA for 2026 is Rs.1200 – driven by an increase in loan book
IREDA Share Price Target for 2029
The Share Price Target for IREDA for 2026 is Rs.1800 – driven by expansion in Renewable energy along with expenditure and consumption by locals.
IREDA Share Price Target for 2030
The Share Price Target for IREDA for 2026 is Rs.2200 – 2500 – as the company might achieve the Maharatna Status.
Conclusion
The renewable Energy sector is definitely going to rise in the coming years as this is the need of the world to move from non-renewable energy sources like coal and petroleum to renewable energy sources like Sunlight and Hydro electricity – and this will ultimately benefit the IREDA as it is currently the largest Financer of the Renewable Energy projects in the Country with over 60% market share in the Loan Sector.
