IREDA Share Price Target 2026, 2027, 2028, 2029, 2030 draws significant investor interest amid India’s push for renewable energy expansion. The Indian Renewable Energy Development Agency Limited, a key public sector player, finances clean energy projects driving its growth trajectory.
Established as a non-banking financial company under the Ministry of New and Renewable Energy, Indian Renewable Energy Development Agency supports solar, wind, hydro, and other green initiatives. Its fundamentals remain robust with a capital adequacy ratio of 20.1% in FY24, reflecting financial stability. The outstanding loan book expanded 27% to ₹596.9 billion in FY24 from ₹470.7 billion in FY23, underscoring strong demand for renewable financing
Latest Revenue, Profit, and Financial Performance
Interest income surged 43% to ₹48.2 billion in FY24 from ₹33.7 billion in FY23. Net profit grew 45% to ₹12.5 billion, fueled by higher loan growth and controlled NPAs. For 9MFY25, revenue rose 35% to ₹48.3 billion, with net profit up 31% to ₹11.9 billion compared to 9MFY24. Annual revenue reached ₹66.60 billion, with net income at ₹16.98 billion and basic EPS at ₹6.31. Market capitalization stands at ₹430.80 billion, with a price-to-earnings ratio of 24.29.
Q2 profit increased 42% due to clean energy loan expansion. Recent quarterly results show sustained momentum, with IREDA posting strong disbursements aligned with India’s 500 GW renewable target by 2030.
IREDA Market Share and Order Book
IREDA holds a pivotal position in renewable energy financing, benefiting from government policies and private investments. Its loan book growth positions it as a leader in funding solar and wind projects. The order book reflects robust pipeline, with disbursements expected to accelerate as capacity additions target 175 GW by 2025 and beyond. Outstanding loans highlight its expanding market share in the green financing space.
Sector tailwinds include massive investments, enhancing IREDA’s role in infrastructure development for sustainable energy.
Sector Performance and Growth Drivers
India’s renewable sector performance remains strong, with IREDA at the forefront of financing. Government backing and global sustainability focus bolster loan sanctions. The beta of 2.31 indicates volatility but ties to high-growth clean energy trends. All-time high share price hit ₹310 in July 2024, from a low of ₹50, reflecting sector momentum. Current price hovers around ₹138-₹242 as of early 2026 projections.
IREDA’s disbursements align with national goals, positioning it for steady expansion in wind, solar, and hybrid projects.
IREDA Share Price Target Explanation
IREDA share price targets for 2026-2030 factor in loan book expansion, NPA improvements, and renewable capacity growth. Projections assume continued government support and favorable market sentiment. Analysts forecast upside potential, with long-term models showing increases from current levels. Wallet Investor predicts steady climbs, while other estimates range higher based on sector milestones.
Price movements depend on quarterly earnings, policy reforms, and global energy shifts. Targets incorporate minimum and maximum ranges from technical and fundamental analysis.
| Year | Minimum Target (₹) | Maximum Target (₹) | Other Estimates |
|---|---|---|---|
| 2026 | 350 | 510 | WalletInvestor ~455 |
| 2027 | 600 | 850 | Progressive growth model |
| 2028 | 1150 | 1170 | WalletInvestor Dec: 1168 |
| 2029 | 1180 | 1310 | WalletInvestor Aug: 1307 |
| 2030 | 1200 | 1750 | Long-term high estimates |
These IREDA share price target figures draw from historical growth, FY24-25 financials, and sector forecasts. Investors track renewable energy stock trends, loan portfolio health, and macroeconomic factors influencing targets through 2030.
Disclaimer: Share price targets are based on analyst forecasts and historical data as of available sources. Actual prices may vary due to market conditions, economic factors, and company performance. This is for informational purposes only and not investment advice. Consult a financial advisor before making decisions.
