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

How to Purchase IREDA Shares?

Below are the trading platforms that you can use to purchase Infosys:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

IREDA Share Price Prediction 2024, 2025 to 2030

IREDA Share Price Prediction 2024

n 2024, the maximum and minimum prices of IREDA shares are projected to fluctuate throughout the year. In July, the maximum price is expected to reach ₹236.10, while the minimum price might be ₹205.31. As we step into December, IREDA’s share prices are anticipated to peak at ₹262.98 and could drop to a minimum of ₹228.68.

IREDA Share Price Target 2025

In 2025, IREDA share prices are projected to see a range of fluctuations. In January, the maximum price is expected to reach ₹265.61, with a minimum of ₹204.32. By December, the maximum price could rise to ₹309.31, while the minimum might be ₹237.93.

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

IREDA Financial Condition

Over the past five fiscal years, the financial performance of the company has shown significant growth and improvement across key metrics.

Revenue has steadily increased from ₹2,368 crores in March 2020 to an impressive ₹4,965 crores in March 2024. This growth is mirrored in the Financing Profit, which rose from ₹259 crores in March 2020 to ₹1,716 crores in March 2024, reflecting an expanding Financing Margin that improved from 11% to 35% over the same period.

Despite the substantial increase in interest expenses, from ₹1,459 crores to ₹3,164 crores, the company managed to maintain a positive trajectory in its profitability. Expenses have sharply decreased, from ₹649 crores in March 2020 to just ₹85 crores in March 2024, contributing to the overall profit margins.

The Profit Before Tax saw a significant increase from ₹241 crores in March 2020 to ₹1,685 crores in March 2024. Similarly, Net Profit has risen from ₹215 crores to ₹1,252 crores, indicating robust financial health and operational efficiency. This positive trend is further reflected in the Earnings Per Share (EPS), which increased from ₹2.73 in March 2020 to ₹4.66 in March 2024.

The tax rate fluctuated over the years, reaching a high of 39% in March 2021 and then stabilizing at around 24-26% in the subsequent years. Notably, the company has maintained a 0% dividend payout throughout this period, possibly reinvesting profits to fuel further growth.

In summary, the company has demonstrated strong financial growth and efficiency, with significant increases in revenue and profits, improved profit margins, and a consistent strategy of reinvesting earnings.