Indian Renewable Energy Development Agency (IREDA)
ListedFinancial Services2023State-owned NBFC dedicated to financing renewable energy and efficiency projects. A multibagger after listing on the back of India's green energy push.
Company Overview
IREDA is a Mini Ratna (Category-I) government enterprise under the Ministry of New and Renewable Energy, providing financial assistance to renewable energy and energy-efficiency projects.
Lends to solar, wind, hydro, and energy-efficiency projects, earning a net interest spread. Benefits from sovereign backing, access to low-cost funds, and priority-sector positioning.
India targets 500 GW of non-fossil capacity by 2030, creating a vast financing runway for specialised green lenders.
IPO Details
Market Performance
Financials
Revenue CAGR +31.8%| Fiscal Year | Revenue | Profit | EBITDA | Net Worth | Debt |
|---|---|---|---|---|---|
| FY22 | ₹2,860 Cr | ₹634 Cr | ₹2,600 Cr | ₹5,268 Cr | ₹27,800 Cr |
| FY23 | ₹3,482 Cr | ₹865 Cr | ₹3,200 Cr | ₹5,935 Cr | ₹40,165 Cr |
| FY24 | ₹4,965 Cr | ₹1,252 Cr | ₹4,600 Cr | ₹8,559 Cr | ₹50,800 Cr |
All figures in ₹ crore.
Price History
IPO Price vs Current
Returns
Key Numbers
News & Updates
- 21 Apr 2025
IREDA reports record annual disbursements
PTI
- 12 Sept 2024
Board approves QIP to fund loan-book growth
Moneycontrol
SWOT Analysis
- • Sovereign ownership and low funding cost
- • Pure-play exposure to renewable financing
- • Strong loan-book growth
- • Sector-concentrated loan book
- • Asset quality sensitive to project execution
- • India's 500 GW clean-energy target
- • Green bonds and international climate finance
- • Interest-rate cycles
- • Policy or tariff changes affecting RE viability
Figures are illustrative sample data for demonstration — not investment advice.