We’ll try to explain important facts and findings about IREDA share price target 2024,2025,2026,2030 ideas behind the product, and the market in which the company doing its business.
For more clarity, it is important to analyze crucial metrics including price to earnings (PE), debt to equity, sales growth, and operating profit growth.
Furthermore, it is also crucial to know the possible demand for products and services offered by company and the order that the company secured.
The segment IREDA is doing its business in has great potential to grow exponentially, So you can foresee a share price more upside.
This article will provide you with full insights regarding the company’s business fundamentals as well as financials, and segment potential.
Let’s explain to find out more about IREDA share price targets 2024,2025,2026, and 2030.
IREDA Ltd Outlook
Indian Renewable Energy Development Agency Ltd (IREDA) is a leading Government of India owned non-banking financial, non-deposit taking, systemically important (NBFC-ND-SI) based in India company.
Established in 1987,IREDA offers innovative financing in the renewable energy and energy efficiency segment.
The company has financed new and renewable energy (RE) projects including wind power, solar power, hydro power, transmission and equipment manufacturing etc.
It also provides financing support scheme for renewable energy suppliers, contractors and manufacturers
IREDA Return Performance
Share of IREDA was listed on the National stock Exchange (NSE IREDA) and the Bombay Stock Exchange (BSE 5544026) at Rs 50 higher 56.25 per cent to its issue price of Rs 32.
While company has given return from its listing over 167 per cent to its investors and brokerage firm accerten up side potential in the stock price.
IREDA Financial Analysis
IREDA announced its third quarter ended December 2023 (Q3 FY24) results.
Indian Renewable Energy Development Agency reported 67.15 per cent increase in net profit to Rs 335.54 crore year on year (YoY) basis in the third quarter FY24.
While revenue from operation in the same period increased by 44.2 to Rs 1252.85 crore against Rs 868.67 crore during the quarter ended December FY23.
Further, outstanding performance trajectory, IREDA’s loan book has grown by 38.75 per cent to Rs 47,076 crore in the fiscal FY23.
Fundamentals of IREDA
| Market Cap | 43,246 crore |
| RoE | 15.4% |
| RoCE | 8.17 |
| EPS | 3.78 |
| Stock P/E | 50 |
| Sector P/E | 22.6 |
| Book Value | N/A |
| Dividend Yield | 0.00 |
| Debt to Equity | 3.78 |
| Face Value | 10 |
| Current Price | 161 |
| 52-Week High/Low | 215/50 |
IREDA Share Price Target Table
| Years | First Target | Second Target |
|---|---|---|
| IREDA Share Price Target 2024 | 200 | 210 |
| IREDA Share Price Target 2025 | 255 | 270 |
| IREDA Share Price Target 2026 | 318 | 340 |
| IREDA Share Price Target 2027 | 413 | 435 |
| IREDA Share Price Target 2028 | 520 | 550 |
| IREDA Share Price Target 2029 | 675 | 710 |
| IREDA Share Price Target 2030 | 880 | 900 |
IREDA Share Price Target 2024
State run firm, IREDA involves in the financial assistant for setting up projects related to renewabl source of energy, conservation project and energy efficiency.
Further more, IREDA is first company which issued green masala bonds to mobalise money.
It is one of the larget credit facility provider in renewabl energy (RE) segment and equipment manufacturer as well.
The company run under the Ministry of New and Renewable Energy (MNRE) for the purpose of support to renewable source of energy projects and energy efficiency initiatives.
For the long term objective, we can see more growth potential and earnings possibilities. So you look for initial share price target will reach by 2024 at Rs 200 and further growth in price target to reach Rs 210.
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IREDA Share Price Target 2025
India’s first listed entity,IREDA , a non banking non deposit taking systemically important (NBFC-ND-SI) is Indian origin company.
The company is engage in various financial projects to enhance and efficient with comprehensive range of products and related services for renewable energy projects and other value added chain activities like transmission and equipment manufacturing.
In addition, the company posted robust loan book growth 33 per cent increase in Q3 FY24 to Rs 50,580 crore from Rs 37,888 crore in December 2023.
For the future assessment, we foresee decent growth trajectory in the share of IREDA and initial price target to be Rs 255 by 2025 and the second target price of Rs 270.
IREDA Share Price Target 2026
Recently, IREDA and Punjab National Bank (PNB) have signed a partnership agreement to finance renewable energy projects throughout the country.
This partnership is the objective of accelerating access to finance for developers in RE segments, report from an exchange filing.
The company is continuing focus on strengthening its footprint in India as well internationally.
According to Pradip Kumar Das, Chairman and Managing Director (CMD), the company has obtained sanction from the RBI to establish a wholly owned subsidiary.
By setting up a subsidiary in the International Financial Services Centre (IFSC) at Gift City in Gujarat, IREDA aims to tap the potential of this financial ecosystem and expand its reach globally.
Further, we look for IREDA shares to upward move for initial target price Rs 318 and next target to be Rs 340 by 2026.
IREDA Share Price Target 2027
When we see the loan disbursal by the company,in FY 2021 to FY 2023 have grown from Rs 11,001 crore to Rs 32,587 crore.
Whereas, we look at loan book divisions in the private sector 73 per cent in FY23 and Public sector 27 per cent in FY 23.
The company intensely focuses on renewable sources of energy rather than other segments.
Further we get clear signals to cater more potential in this segment, so you expect IREDA share to carry upward movement and reach to Rs 413 and highest target price to be Rs 435 by 2027.
IREDA Share Price Target 2028
IREDA has high growth potential to cater opportunities created in this segment.
In addition, we look for higher growth in share price of IREDA,it will reach up to Rs 520 while maximum share price target of Rs 550.
IREDA Share Price Target 2030
IREDA finances various sectors, classified as wind energy,solar energy, small hydro energy, bio energy, and new and emerging technologies.
Objective behind its establishment to develop,promote, commercialisation of new and renewable sources of energy and offer financial assistance.
Renewable energy is a highly growing and demanding sector.
Therefore,we expect continued growth in sales and profit in the upcoming days. Now, we look for more upside potential in share price of IREDA to reach at Rs 880 by 2030 and the highest target price to reach at Rs 900.
IREDA Peer Competitors
| Particulars | CMP | Market Cap |
|---|---|---|
| NTPC | 341 | 3,31,383 crore |
| Power Grid Corp | 286 | 2,66,787 crore |
| Adani Power | 555 | 2,14,368 crore |
| Tata Power | 379 | 1,21,151 crore |
| IREDA | 147 | 39,550 crore |
IREDA Share Holding Pattern
| Particulars | Holding Value (%) Dec 23 |
|---|---|
| Promotors | 75 |
| Domestic Investors | 4.37 |
| Foreign Investors | 1.88 |
| Retail Investors | 18.75 |
FAQ of IREDA
What is the price of IREDA in 2030?
The predicted share price target of IREDA will reach to Rs 880-900 in 2030.
Is IREDA good for long term?
IREDA posted robust revenue and profit growth in December 2023 and the government held a 75 per cent stake in the company. In the long term perspective, looking for a strong company.
Conclusion
In this article, I would try to provide you with full guidance, about IREDA’s share price target for 2024,2025,2026,2027,2028 and 2030 its segment, product, business fundamentals and financials.
Also, I have discussed share price prediction and growth trajectory in detail.
I hope all this information about the company will help you make any decision regarding the company.
If you have any queries regarding this post or any suggestions please, comment below.
Disclaimer
Dear readers, we would like to inform you that we are not registered on SEBI. The information in this article is only for educational and information purposes.
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