Indian Renewable Energy Development Agency share price
NSE: IREDABSE: 544026FinanceMid Cap
Indian Renewable Energy Development Agency Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2023
Last close ₹99.70down ₹2.17 (2.13%)BSE ₹100.00
Share price at the NSE close on 27 Oct 2026. Previous close ₹101.87.
27 Oct: open ₹102.00, high ₹104.50, low ₹99.50
52-week range of traded prices to 27 Oct 2026
₹98.78Low, 26 Oct 2026₹156.75High, 29 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹28,008 Cr240th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 14.23
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.95
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.35%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 14.4%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 3.92%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 6.88%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 0.94%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.16%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 7.22times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 79,13,90432.8% delivered
About Indian Renewable Energy Development Agency
Indian Renewable Energy Development Agency Limited (IREDA) is a government company that finances renewable energy, energy efficiency and energy conservation projects.12 It offers financial products and related services from project conceptualisation to the post-commissioning stage, for renewable energy projects and equipment manufacturing.1 Its borrowers across India include private companies, central public sector undertakings, state utilities, and power distribution and transmission companies.3
IREDA lends to solar, wind, hydro, transmission, biomass and cogeneration, waste-to-energy and ethanol projects, and to newer areas such as battery storage, electric vehicles and charging, green hydrogen, pumped storage hydro, smart meters and renewable component manufacturing.4 Under Reserve Bank of India rules, it is a non-banking finance company in the infrastructure finance category.2 Its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited, was incorporated at GIFT City, Gujarat on 7 May 2024 to raise funds and pursue new business in foreign currency.5
IREDA was incorporated in 1987.6 It is a Central Public Sector Enterprise (a company controlled by the central government) with Navratna status, which gives it greater operational and financial autonomy.7 The President of India, acting through the Ministry of New and Renewable Energy, holds 71.76% of its shares.8 Its shares and bonds are listed on BSE and NSE.6
Indian Renewable Energy Development Agency key points
Results
- Consolidated results (₹ crore)9
Item year to Mar 2026 year to Mar 2025 Revenue from operations 8,310.41 6,743.32 Profit before tax 2,337.58 2,103.54 Profit after tax 1,874.00 1,698.34 - In the year to Mar 2026, IREDA recorded its highest annual loan book, sanctions, disbursements, profit and net worth, and declared its first dividend since listing: 6.0% of share capital as interim and 7.5% as final, 13.5% in all.1011
- Net interest margin (lending income less borrowing cost, as a share of loans) improved to 3.65% in the year to Mar 2026, and the interest spread (average lending rate less average borrowing rate) to 2.49%.12
- On a standalone basis, net worth was ₹13,781.35 crore at the end of Mar 2026, and the capital adequacy ratio (capital as a share of risk-weighted assets) was 20.59% against the RBI's minimum of 15%.13
Where it lends
- In the year to Mar 2026, IREDA's lending covered 23 states and 4 union territories of India.14
- Its GIFT City subsidiary sanctioned its first overseas loan, $22.50 million for a 100 MWAC (megawatts of alternating current) solar plant in Zambia, in the year to Mar 2026; the first disbursement was made after the year end.1516
Loan book and deposits
- Gross loan book by borrower, end of Mar 20261718The gross loan book was ₹93,069 crore at the end of Mar 2026, up 22.01% from ₹76,282 crore a year earlier.
Item Mar 2026 Public sector ₹25,159 crore (27%) Private sector ₹67,910 crore (73%) - In the year to Mar 2026, IREDA sanctioned (approved) loans of ₹51,883.36 crore, up 9.34%, and disbursed ₹34,945.67 crore, up 15.84%.19
- Largest sectors in loans sanctioned (₹ crore)20
Item year to Mar 2026 year to Mar 2025 Solar energy 15,938.97 10,611.70 Manufacturing 12,857.33 6,044.39 Loan facility to state utilities 12,450.00 10,950.00 - Net non-performing assets (loans in default, less provisions) were 1.29% of loans at the end of Mar 2026, against 1.35% a year earlier, with 63.88% provision coverage on Stage III (defaulted) loans.2122
Capacity financed
- In the year to Mar 2026, IREDA sanctioned loans for 6,975.09 megawatts (MW) of power generation capacity, of which 5,069.26 MW was solar power and 1,303.03 MW solar and wind hybrid.23
- Loans sanctioned in the year to Mar 2026 also covered 24,100.00 MWp (megawatt peak) of capacity in the sector the company labels manufacturing, 1.00 GWh of lithium-ion cells and 100 KLPD (kilolitres a day) of ethanol.24
Borrowings and credit ratings
- Total borrowings were ₹77,845.63 crore at the end of Mar 2026, against ₹64,740.31 crore a year earlier. In the year, IREDA raised ₹30,510.84 crore of long-term funds.25
- On a standalone basis, debt to equity (borrowings as a multiple of equity) was 5.65 times at the end of Mar 2026 and return on net worth 15.07% in the year, against 6.31 and 17.44% a year earlier.2627
- As of its annual report of 2 Sep 2026, IREDA's domestic debt, other than perpetual debt, was rated AAA (Stable), the top grade, by ICRA, India Ratings & Research, Brickwork Ratings and CARE Ratings.28
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that its board approved amending its objects clause, subject to approvals, to explore carbon capture, civil nuclear power, green buildings and data centres.29
Recent events
- On 30 Mar 2026, IREDA signed a 5-year unsecured external commercial borrowing (foreign-currency loan) facility of JPY 28 billion, including a JPY 12 billion green shoe option to borrow more, with Sumitomo Mitsui Banking Corporation.3031
- On 8 Jan 2026, IREDA said it received an 'Excellent' rating, a score of 96.42 out of 100, under its annual performance agreement with the Ministry of New & Renewable Energy for the year to Mar 2025.32
- On 28 Oct 2025, S&P Global Ratings raised IREDA's long-term issuer rating to BBB from BBB- and its short-term rating to A-2 from A-3, with a stable outlook.33
- On 11 Jun 2025, IREDA raised ₹2,005.90 crore through a qualified institutional placement (a share sale to large institutional investors), allotting 12,14,66,562 shares.34
Litigation and regulatory matters
- As of its annual report of 2 Sep 2026, IREDA had filed 3 insolvency applications at the National Company Law Tribunal to recover loans, with debt amounts involved of ₹510.00 crore (Gensol Engineering), ₹218.95 crore (Gensol EV Lease) and ₹34.68 crore (Novus Green Energy Systems).3536
- BSE and NSE each fined IREDA ₹2,02,960 on 27 May 2026 as its board lacked independent directors in the quarter to Mar 2026; as of its annual report of 2 Sep 2026, it had sought a waiver.37
- As of its annual report of 2 Sep 2026, IREDA's management had reported 2 frauds of ₹14.80 crore in the year to Mar 2026, and a borrower group was under investigation for suspected fraud; IREDA downgraded and provided for its loan.38
Last updated
All 38 sources, each with its page
- 1. Annual report, 2 Sep 2026, page 5
- 2. Annual report, 2 Sep 2026, page 76
- 3. Annual report, 2 Sep 2026, page 140
- 4. Annual report, 2 Sep 2026, page 12
- 5. Annual report, 2 Sep 2026, page 56
- 6. Annual report, 2 Sep 2026, page 18
- 7. Annual report, 2 Sep 2026, page 207
- 8. Annual report, 2 Sep 2026, page 134
- 9. Annual report, 2 Sep 2026, page 56
- 10. Annual report, 2 Sep 2026, page 41
- 11. Annual report, 2 Sep 2026, page 56
- 12. Annual report, 2 Sep 2026, page 8
- 13. Annual report, 2 Sep 2026, page 204
- 14. Annual report, 2 Sep 2026, page 140
- 15. Annual report, 2 Sep 2026, page 56
- 16. Annual report, 2 Sep 2026, page 42
- 17. Annual report, 2 Sep 2026, page 52
- 18. Annual report, 2 Sep 2026, page 52
- 19. Annual report, 2 Sep 2026, page 51
- 20. Annual report, 2 Sep 2026, page 85
- 21. Annual report, 2 Sep 2026, page 41
- 22. Annual report, 2 Sep 2026, page 8
- 23. Annual report, 2 Sep 2026, page 52
- 24. Annual report, 2 Sep 2026, page 52
- 25. Annual report, 2 Sep 2026, page 52
- 26. Annual report, 2 Sep 2026, page 207
- 27. Annual report, 2 Sep 2026, page 207
- 28. Annual report, 2 Sep 2026, page 53
- 29. Annual report, 2 Sep 2026, page 45
- 30. Exchange filing, 30 Mar 2026, page 2
- 31. Exchange filing, 30 Mar 2026, page 1
- 32. Exchange filing, 8 Jan 2026, page 1
- 33. Exchange filing, 28 Oct 2025, page 1
- 34. Annual report, 2 Sep 2026, page 132
- 35. Annual report, 2 Sep 2026, page 75
- 36. Annual report, 2 Sep 2026, page 75
- 37. Annual report, 2 Sep 2026, page 132
- 38. Annual report, 2 Sep 2026, page 222
Results
Standalone, as consolidated accounts are on record for only 2 of the last ten years; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Indian Renewable Energy Development Agency quarterly results
Quarter to Sep 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,344 Crup 4.24%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹554 Crup 64.23%
Income from operations by quarter
Peak income from operations ₹2,344 Cr, quarter to Sep 2026; lowest ₹1,698 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 1,698 | 1,904 | 1,947 | 2,057 | 2,130 | 2,175 | 2,248 | 2,344 |
| Net profit | 425 | 502 | 247 | 549 | 585 | 493 | 338 | 554 |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹8,309 Crup 23.23%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,873 Crup 10.29%
Income from operations by year
Peak income from operations ₹8,309 Cr, year to Mar 2026; lowest ₹4,964 Cr, year to Mar 2024
Net profit by year, a loss in red
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Income from operations | 4,964 | 6,742 | 8,309 |
| Net profit | 1,252 | 1,699 | 1,873 |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, NBFC-Renewable Energy, which carries all its revenue.
Valuation
Today, against the company's own history.Indian Renewable Energy Development Agency PE ratio and valuation
Price to earnings
At or below today's level on 0.4% of 247 trading days over the last year.
LowestHighest
Its median18.90Industry median9.98
Price to book
At or below today's level on 0.2% of 624 trading days since Apr 2024.
LowestHighest
Its median4.19Industry median1.46
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 100% of 718 trading days since Dec 2023.
LowestHighest
Its median0.00%Industry median4.29%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −30.9% | +6.5% | −36.3% | 1.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
70 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 62 of the 65 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 70 funds holding Indian Renewable Energy Development Agency
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 29
- CutCut. Funds that held fewer shares than at the end of the month before.
- 36
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 2
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
 Motilal Oswal Nifty Midcap 150 Index FundMotilal Oswal Mutual Fund | 7,83,293 | 0.22% | ₹8.75 Cr |
 Nippon India ETF Nifty Midcap 150Nippon India Mutual Fund | 7,52,171 | 0.22% | ₹8.40 Cr |
| Nippon India Nifty Midcap 150 Index FundNippon India Mutual Fund | 5,26,862 | 0.22% | ₹5.88 Cr |
 Mirae Asset Nifty Midcap 150 ETFMirae Asset Mutual Fund | 3,56,209 | 0.22% | ₹3.98 Cr |
 ICICI Prudential Nifty Midcap 150 Index FundICICI Prudential Mutual Fund | 2,45,617 | 0.22% | ₹2.74 Cr |
 SBI Nifty Midcap 150 Index FundSBI Mutual Fund | 2,43,118 | 0.22% | ₹2.72 Cr |
| Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Mutual Fund | 2,00,145 | 0.27% | ₹2.24 Cr |
 LIC MF Nifty Midcap 100 ETFLIC Mutual Fund | 1,56,738 | 0.28% | ₹1.75 Cr |
 Zerodha Nifty LargeMidcap 250 Index FundZerodha Mutual Fund | 1,53,646 | 0.11% | ₹1.72 Cr |
| ICICI Prudential Nifty Midcap 150 ETFICICI Prudential Mutual Fund | 1,43,693 | 0.22% | ₹1.60 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Indian Renewable Energy Development Agency insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Indian Renewable Energy Development Agency competitors and peers
Financial Institution, 8 listed companies, priced on 27 Oct 2026. The table lists the 7 companies closest to Indian Renewable Energy Development Agency in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 Power Finance CorporationPFC | 1,04,151 | 4.00 | 0.78 | +4.6% | +7.1% | 20.8% | – | 2.78% | 3.83% | 5.94% |
 Indian Railway Finance CorporationIRFC | 97,439 | 13.22 | 1.61 | +12.5% | +7.9% | 12.6% | – | 1.39% | −4.92% | 2.95% |
 RECRECLTD | 75,442 | 5.00 | 0.79 | −0.8% | −12.6% | 16.9% | – | 2.60% | 3.74% | 4.75% |
 Housing & Urban Development CorporationHUDCO | 28,693 | 6.74 | 1.31 | +25.9% | +53.0% | 21.3% | – | 2.73% | 2.89% | 4.29% |
 IFCIIFCI | 15,910 | 91.20 | 1.78 | +4.8% | – | 2.0% | 4.6% | – | – | 0.00% |
 Tourism Finance Corporation of IndiaTFCILTD | 7,178 | 46.58 | 5.46 | +14.8% | +41.4% | 12.2% | – | 5.47% | 6.89% | 0.39% |
 Gujarat State Financial corporationGUJSTATFIN | 76 | – | – | +7.8% | – | – | – | −56.12% | −65.65% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Dividends
Per share, by the year it was paid for, and the latest payments.Indian Renewable Energy Development Agency dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹1.35 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.75 |
| 2 Apr 2026 | Interim | ₹0.60 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Indian Renewable Energy Development Agency announcements
Oct 2026
19 Oct · Updates
19 Oct · Updates
19 Oct · Results
5 Oct · Business
Indian Renewable Energy Development Agency annual report, year to Mar 2026
Indian Renewable Energy Development Agency share price by year
Each calendar year to 2025.Indian Renewable Energy Development Agency share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 139.90 | −35.0% | 230.55 | 131.21 |
| 2024 | 215.25 | +109.4% | 289.65 | 101.80 |
| 2023 | 102.80 | – | 120.30 | 60.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 29 Nov 2023.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 99.50 | 104.50 | 98.78 | 101.87 | 102.44 | 92,43,001 | 20.9% |
| 23 Oct 2026 | 102.61 | 103.32 | 99.13 | 100.27 | 100.49 | 67,87,893 | 33.0% |
| 22 Oct 2026 | 103.40 | 103.40 | 101.46 | 102.61 | 102.51 | 43,11,932 | 35.4% |
| 21 Oct 2026 | 107.81 | 108.20 | 102.81 | 103.60 | 104.28 | 78,32,673 | 28.3% |
| 19 Oct 2026 | 108.90 | 110.10 | 106.20 | 106.54 | 108.23 | 45,13,745 | 29.3% |
| 16 Oct 2026 | 108.26 | 109.20 | 107.26 | 108.80 | 108.27 | 25,76,795 | 31.2% |
| 15 Oct 2026 | 108.47 | 109.44 | 107.60 | 108.26 | 108.60 | 24,26,762 | 35.6% |
| 14 Oct 2026 | 108.39 | 109.15 | 107.60 | 108.47 | 108.52 | 26,63,883 | 34.8% |
| 13 Oct 2026 | 104.70 | 108.39 | 104.69 | 108.39 | 107.07 | 55,42,429 | 33.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- IREDA
- BSE code
- 544026
- ISIN
- INE202E01016
- Industry
- Finance
- Website
- www.ireda.in
- CIN
- L65100DL1987GOI027265
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1987
- Registered office
- India Habitat Centre, East Cost, Core 4, A,, 1st Floor, Lodhi Road, New Delhi 110003, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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