Overview

Detailed Summary

IREDA is India's premier financial institution for renewable energy, focusing on providing comprehensive financing solutions for projects across various RE technologies.
The company has achieved substantial profitability growth, with a 38% increase in profit after tax compared to the previous year, signaling robust financial health.
IREDA maintains a sector-leading role in solar and wind energy financing, with these sectors accounting for a significant portion of its loan portfolio.
Its recent expansion into global markets, including facilities in GIFT City and ECB from SBI Tokyo, highlights IREDA's strategic push towards global financial integration.

Sector: Finance
Industry: Financial Institution
Market Cap: 34,975 Cr
Volatility: High Risk
P/E Ratio: 18.6
Industry P/E: 17.9
PEG Ratio: 0.6
P/B Ratio: 2.8
52W High: 186.55
52W Low: 108.70

Sales CAGR

1Y: 36.04%
3Y: 33.09%
5Y: 23.29%
10Y: —

Profit CAGR

1Y: 35.62%
3Y: 38.92%
5Y: 51.26%
10Y: —

ROE

TTM: 13.34%
3Y: 15.41%
5Y: 14.52%
10Y: —

ROCE

TTM: 7.95%
3Y: 8.00%
5Y: 7.93%
10Y: —

Technicals

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Forecasts

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Peers

Financial Services Financial Services Finance Financial Institution

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RECLTD		345.70	91,096 Cr	5.59	1.07	5.36	19.17	9.50	2.55
HUDCO		227.70	41,329 Cr	10.24	1.88	0.00	18.36	7.42	2.42
IREDA		135.00	35,705 Cr	18.96	2.76	0.00	13.34	7.95	2.14
IFCI		58.40	17,058 Cr	94.30	1.91	0.00	2.02	7.12	1.64
TFCILTD		83.66	3,198 Cr	37.42	3.12	0.87	8.95	11.18	4.39
HARAFIN		74.01	1,308 Cr	161.51	5.83	0.00	-0.47	-0.67	3.23
GUJSTATFIN		10.00	96 Cr	-0.76	0.00	0.00	4.02	6.43	-55.45
Median: 7 Co.	—	83.66	17,058 Cr	18.96	1.91	0.00	8.95	7.42	2.42

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	1,391	1,510	1,630	1,698	1,905	1,948	2,057	2,130
Expenses	56	51	131	119	171	427	138	179
Interest	847	975	1,030	1,032	1,104	1,218	1,213	1,233
Financing Profit	488	484	469	548	630	303	706	718
Financing Margin %	35.10	32.04	28.75	32.25	33.07	15.54	34.33	33.73
Other Income	0.39	0.43	0.83	0.53	11	12	0.57	9.73
Depreciation	9.11	8.63	9.43	10	11	9.96	10	11
Profit Before Tax	480	476	460	538	630	305	696	717
Tax %	29.66	19.35	15.69	20.96	20.35	19.01	21.12	18.41
Net Profit	337	384	388	425	502	247	549	585
EPS in Rs	1.20	1.37	1.38	1.51	1.79	0.87	1.97	2.09
Gross NPA %	0.00	2.19	0.00	0.00	0.00	4.13	0.00	0.00
Net NPA %	0.00	0.95	0.00	0.00	0.00	2.06	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025
Revenue	1,806	2,020	2,367	2,614	4,964	6,743
Expenses	247	431	649	496	86	472
Interest	1,006	1,183	1,459	1,570	3,164	4,141
Financing Profit	553	406	259	548	1,714	2,130
Financing Margin %	30.64	20.12	10.93	20.95	34.53	31.59
Other Income	6.93	2.58	5.06	45	1.36	12
Depreciation	21	23	23	23	30	39
Profit Before Tax	539	386	241	570	1,685	2,104
Tax %	31.27	17.42	11.02	39.18	25.69	19.26
Net Profit	370	244	215	346	1,252	1,698
EPS in Rs	—	—	—	—	—	6.05
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025
Equity Capital	785	785	785	785	2,688	2,688
Reserves	1,629	1,780	1,737	2,211	5,872	7,579
Borrowings	14,993	18,753	21,854	24,000	49,687	64,740
Other Liabilities	2,972	3,213	3,277	3,298	4,354	4,728
Total Liabilities	20,378	24,530	27,652	30,293	62,600	79,735
Fixed Assets	314	303	282	266	361	349
CWIP	3.09	0.01	0.01	0.01	0.00	0.00
Investments	0.53	0.50	0.56	0.53	101	600
Other Assets	20,060	24,227	27,370	30,027	62,138	78,786
Total Assets	20,378	24,530	27,652	30,293	62,600	79,735

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025
Cash from Operating Activity	-1,853	-4,697	-1,709	-3,206	-11,100	-14,460
Cash from Investing Activity	-53	-37	-0.16	-2.10	-23	-518
Cash from Financing Activity	1,708	3,426	2,141	2,441	11,059	14,960
Net Cash Flow	-198	-1,307	431	-767	-64	-17

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Nov 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	71.76%	71.76%	71.76%
FIIs	3.95%	1.88%	1.36%	2.70%	2.02%	1.85%	1.75%	1.76%	1.92%	2.07%	2.14%
DIIs	8.53%	4.37%	0.95%	0.42%	0.35%	0.64%	0.51%	0.51%	2.57%	2.51%	2.45%
Public	12.52%	18.75%	22.69%	21.88%	22.62%	22.51%	22.74%	22.72%	23.75%	23.67%	23.66%
Total Shareholders	5,26,355	13,67,953	21,47,272	22,43,293	26,16,555	26,19,358	26,79,938	26,41,982	26,56,617	25,75,369	25,19,677

Market Transactions

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Projection

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

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