IREDA Share Price Target 2024, 2025 to 2030

IREDA, the Indian Renewable Energy Development Agency, has expanded its reach by establishing an office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. This strategic move aims to provide foreign currency-denominated debt financing for green hydrogen and renewable energy manufacturing projects. By offering debt options in foreign currencies, IREDA aims to reduce financing costs and support India’s ambitious National Green Hydrogen Mission, which targets over 5 million metric tons of hydrogen production by 2030. As a government-owned non-banking financial institution (NBFC) established in 1987 under the Ministry of New and Renewable Energy, IREDA has been instrumental in promoting, developing, and financing renewable energy and energy efficiency projects in India. With a cumulative loan disbursement of over Rs. 1 lakh crore, its presence in GIFT City underscores its commitment to facilitating the growth of green energy projects and India’s transition towards a sustainable future.

IREDA Share Holding Patterns

As of December 2023, the shareholding pattern of IREDA illustrates a stable ownership structure, with promoters retaining a substantial stake of 75.00%, ensuring consistent control and management influence. Foreign Institutional Investors (FIIs) maintain a minor but notable presence with a shareholding of 1.88%, indicating some level of international investor interest in the company. Domestic Institutional Investors (DIIs) hold a slightly larger portion at 4.37%, reflecting confidence from institutional investors within the country. The public’s shareholding stands at 18.75%, indicating a significant portion of shares held by individual investors. What’s particularly noteworthy is the substantial increase in the number of shareholders from 1,367,953 in December 2023 to 2,147,272 by March 2024, suggesting a growing interest and participation from retail investors in the company’s shares.

IREDA Q4 results 2024: Net profit climbs to all-time high on 44.83% YoY growth

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IREDA Share Price Prediction 2024, 2025 to 2030

IREDA Share Price Prediction 2024

In April 2024, IREDA shares are projected to range between a maximum of 169.40 and a minimum of 147.30. The trend continues with prices gradually increasing in subsequent months. By June 2024, the range is expected to be between 172.90 and 150.35, and by September 2024, between 185.14 and 160.99. The pattern persists until December 2024, with prices reaching a maximum of 190.66 and a minimum of 165.79.

IREDA Share Price Target 2025

As we step into January 2025, IREDA’s shares are projected to achieve a maximum price of 209.73 and a minimum price of 161.33. Continuing through the year, February may see prices fluctuating between 211.85 and 162.96, while March is expected to witness a range of 216.30 to 166.38. As the months progress, the upward trend persists, with April hovering around 214.15 to 164.73 and May seeing figures of 207.92 to 159.94. By June, the range is anticipated to be between 217.27 and 167.13, with July showing figures around 213.01 to 163.86. August could witness prices ranging from 219.60 to 168.92, followed by September at 222.24 to 170.95. The year culminates with October projected between 228.01 and 175.39, November between 233.71 and 179.78, and December reaching a high of 244.23 and a low of 187.87.

IREDA Share Price Target 2026

IREDA Share Price Target 2027

IREDA Share Price Target 2028

IREDA Share Price Target 2029

IREDA Share Price Prediction 2030

As we step into January 2030, IREDA’s shares are anticipated to fluctuate between 555.71 and 427.47, followed by February’s expected range of 569.96 to 438.43. March may witness figures ranging from 592.19 to 455.53, while April could stabilize around 580.58 to 446.60. Looking ahead, May’s projections suggest a range of 563.67 to 433.59, with June likely between 589.04 and 453.10. July is expected to maintain prices from 577.49 to 444.22, and August may see figures of 595.35 to 457.96. September is anticipated to fall within the range of 616.18 to 473.99, while October and November could fluctuate between 632.20 to 486.31 and 648.01 to 498.47, respectively. By December, IREDA’s shares are expected to reach a maximum of 664.21 and a minimum of 510.93.

IREDA Financial Condition

• Revenue: The revenue increased steadily from March 2023 to March 2024, starting at ₹1,036 crore and reaching ₹1,391 crore.
• Interest: Interest expenses varied but generally increased over time, from ₹638 crore in March 2023 to ₹847 crore in March 2024.
• Expenses: The expenses fluctuated, with some quarters showing negative values. However, overall, there was a slight increase in expenses from ₹104 crore in March 2023 to ₹56 crore in March 2024.
• Financing Profit: The financing profit showed an increasing trend, starting at ₹294 crore in March 2023 and peaking at ₹488 crore in March 2024.
• Financing Margin %: The financing margin percentage fluctuated but generally increased over the period, reaching 35.00% in March 2024.
• Depreciation: Depreciation expenses also increased slightly over time, from ₹6 crore in March 2023 to ₹9 crore in March 2024.
• Profit before tax: The profit before tax increased steadily from ₹288 crore in March 2023 to ₹480 crore in March 2024.
• Tax %: Tax percentages varied but remained relatively stable, ranging from 12% to 33%.
• Net Profit: The net profit showed a generally increasing trend, with minor fluctuations, reaching ₹337 crore in March 2024.
• EPS in Rs: Earnings per share (EPS) also showed a slight increase over time, from ₹1.11 in March 2023 to ₹1.26 in March 2024.
• Gross NPA %: Gross non-performing assets (NPA) percentage remained stable at 3% throughout the specified period.
• Net NPA %: Net NPA percentage fluctuated slightly but remained relatively low, ranging from 1.61% to 1.66%.