Indian Renewable Energy Dev Agency (IREDA) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.46%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 2.5%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 15.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹115.99

200-Day DMA ● Overlay

₹107.58

14-Day RSI ● Overlay

53.6 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹31,182 Cr

Small cap

Stock P/E (TTM) Valuation

15.9x

Price / EPS

Book Value (₹) Assets

₹49.1

P/B: 2.3x

ROE (%) Quality

15.6%

Net Profit / Equity

ROCE (%) Efficiency

8.7%

EBIT / Capital

Dividend Yield Yield

1.22%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹6.98

Trailing 12M

OPM (%) Spread

85.4%

EBITDA Margin

Free Cash Flow Cash

-₹14,492 Cr

CFO - Capex

About Indian Renewable Energy Dev Agency

Indian Renewable Energy Dev Agency (IREDA) is a leading Indian enterprise operating in the Power & Utilities sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 61.5% × Turnover: 0.85x × Leverage: 1x = ROE: 15.6%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Delivers solid shareholder returns with an ROE of 15.6%.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹3,434 Cr

Latest PAT

₹1,966 Cr

EPS (TTM)

₹6.98

OPM %

85.4%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Operating Profit (EBITDA)	-₹56.00 Cr	-₹51.00 Cr	-₹131.00 Cr	-₹119.00 Cr	-₹171.00 Cr	-₹427.00 Cr	-₹138.00 Cr	-₹179.00 Cr	-₹309.00 Cr	-₹486.00 Cr
OPM %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest Expense	₹847.00 Cr	₹975.00 Cr	₹1,030 Cr	₹1,032 Cr	₹1,104 Cr	₹1,218 Cr	₹1,213 Cr	₹1,233 Cr	₹1,241 Cr	₹1,341 Cr
Depreciation	₹9.00 Cr	₹9.00 Cr	₹9.00 Cr	₹10.00 Cr	₹11.00 Cr	₹10.00 Cr	₹10.00 Cr	₹11.00 Cr	₹13.00 Cr	₹10.00 Cr
Profit before Tax (PBT)	₹480.00 Cr	₹476.00 Cr	₹460.00 Cr	₹538.00 Cr	₹630.00 Cr	₹305.00 Cr	₹696.00 Cr	₹717.00 Cr	₹619.00 Cr	₹414.00 Cr
Net Profit (PAT)	₹337.00 Cr	₹384.00 Cr	₹388.00 Cr	₹425.00 Cr	₹502.00 Cr	₹247.00 Cr	₹549.00 Cr	₹585.00 Cr	₹493.00 Cr	₹339.00 Cr
EPS in ₹	₹1.26	₹1.43	₹1.44	₹1.58	₹1.87	₹0.88	₹1.96	₹2.08	₹1.75	₹1.21

Annual P&L (₹ Cr)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Expenses	₹194.00 Cr	₹240.00 Cr	₹431.00 Cr	₹649.00 Cr	₹496.00 Cr	₹85.00 Cr	₹472.00 Cr	₹1,052 Cr	₹1,112 Cr
Operating Profit	-₹194.00 Cr	-₹240.00 Cr	-₹431.00 Cr	-₹649.00 Cr	-₹496.00 Cr	-₹85.00 Cr	-₹472.00 Cr	-₹1,052 Cr	-₹1,112 Cr
OPM %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Interest	₹810.00 Cr	₹1,006 Cr	₹1,183 Cr	₹1,459 Cr	₹1,570 Cr	₹3,164 Cr	₹4,141 Cr	₹4,905 Cr	₹5,028 Cr
Depreciation	₹7.00 Cr	₹21.00 Cr	₹23.00 Cr	₹23.00 Cr	₹23.00 Cr	₹30.00 Cr	₹39.00 Cr	₹44.00 Cr	₹44.00 Cr
Profit before Tax	₹313.00 Cr	₹549.00 Cr	₹311.00 Cr	₹241.00 Cr	₹570.00 Cr	₹1,685 Cr	₹2,104 Cr	₹2,338 Cr	₹2,446 Cr
Net Profit	₹210.00 Cr	₹405.00 Cr	₹250.00 Cr	₹215.00 Cr	₹346.00 Cr	₹1,252 Cr	₹1,698 Cr	₹1,874 Cr	₹1,966 Cr
EPS in Rs	267.74	5.17	3.18	2.74	4.41	4.66	6.32	6.67	7.00

Balance Sheet (₹ Cr)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹785.00 Cr	₹785.00 Cr	₹785.00 Cr	₹785.00 Cr	₹785.00 Cr	₹2,688 Cr	₹2,688 Cr	₹2,809 Cr
Reserves & Surplus	₹1,643 Cr	₹1,661 Cr	₹1,800 Cr	₹1,737 Cr	₹2,211 Cr	₹5,872 Cr	₹7,579 Cr	₹10,976 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Total Liabilities	₹18,797 Cr	₹20,368 Cr	₹24,518 Cr	₹27,652 Cr	₹30,293 Cr	₹62,600 Cr	₹76,867 Cr	₹93,808 Cr
Fixed Assets	₹318.00 Cr	₹314.00 Cr	₹303.00 Cr	₹282.00 Cr	₹266.00 Cr	₹361.00 Cr	₹349.00 Cr	₹320.00 Cr
Total Assets	₹18,797 Cr	₹20,368 Cr	₹24,518 Cr	₹27,652 Cr	₹30,293 Cr	₹62,600 Cr	₹76,867 Cr	₹93,808 Cr

Cash Flows (₹ Cr)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹1,282 Cr	-₹1,846 Cr	-₹5,018 Cr	-₹1,709 Cr	-₹3,206 Cr	-₹11,100 Cr	-₹14,460 Cr	-₹14,477 Cr
Cash from Investing (CFI)	-₹282.00 Cr	-₹53.00 Cr	-₹37.00 Cr	₹0 Cr	-₹2.00 Cr	-₹23.00 Cr	-₹518.00 Cr	-₹281.00 Cr
Cash from Financing (CFF)	₹2,644 Cr	₹1,701 Cr	₹3,736 Cr	₹2,141 Cr	₹2,441 Cr	₹11,059 Cr	₹14,960 Cr	₹14,748 Cr
Free Cash Flow (FCF)	-₹1,577 Cr	-₹1,873 Cr	-₹5,055 Cr	-₹1,710 Cr	-₹3,209 Cr	-₹11,123 Cr	-₹14,487 Cr	-₹14,492 Cr

Efficiency Ratios	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	30	30	30	30	30	30	30	30
Inventory Days	45	45	45	45	45	45	45	45
Cash Conversion Cycle (Days)	25	25	25	25	25	25	25	25
ROCE %	8.69%	8.69%	8.69%	8.69%	8.69%	8.69%	8.69%	8.69%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹106.60 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹120.20

DCF Fair Value

₹106.60

Graham Number

₹87.81

Margin of Safety

-18.4%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹106.60

Premium / Overvalued (Margin: -18.4%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹104	₹103	₹102	₹101
10%	₹106	₹105	₹104	₹103
12%	₹108	₹107	₹106	₹105
14%	₹110	₹109	₹108	₹107

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹107	Fairly Valued
Benjamin Graham Number	₹88	Market Priced
Historical Sector P/E	₹154	Discounted
EV / EBITDA Multiplier	₹126	In-Line
Free Cash Flow Yield Model	₹118	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

5.72 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 85.4%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

71.76%

FIIs (Foreign)

2.48%

DIIs (Domestic)

2.39%

Government

0.15%

Public / Retail

23.35%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	71.76%	71.76%	71.76%	71.76%	71.76%
+ FIIs (Foreign Portfolio)	1.88%	1.36%	2.70%	2.02%	1.85%	1.74%	2.04%	1.92%	2.07%	2.14%	2.48%
+ DIIs (Mutual Funds / Insurance)	4.37%	0.94%	0.42%	0.35%	0.63%	0.51%	2.95%	2.57%	2.51%	2.44%	2.39%
+ Public (Retail & HNIs)	18.75%	22.70%	21.87%	22.62%	22.51%	22.74%	23.24%	23.75%	23.67%	23.65%	23.35%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Power & Utilities.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

IREDA Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

IREDA Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

IREDA Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹153.86

Accelerated market share capture in Power & Utilities, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹134.62

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 16x P/E.

🐻 Bear Case (15%) -12.0%

₹105.78

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Power & Utilities)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:06 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Indian Renewable Energy Dev Agency (IREDA)	Target Stock	₹120.20	+0.46%	15.9x	15.6%	8.7%	0.00	₹31,182 Cr
SOLAR INDUSTRIES (I) Ltd (SOLARINDS)	Power & Utilities Operations	₹18,971.00	-0.28%	88.2x	32.6%	38.1%	0.24	₹1.76 Lakh Cr
HITACHI ENERGY INDIA Ltd (POWERINDIA)	Power & Utilities Operations	₹29,100.00	+3.37%	118.0x	21.9%	29.4%	0.02	₹1.41 Lakh Cr
Tata Power Company Ltd (TATAPOWER)	Renewables, EV Charging & Transmission	₹360.00	+0.00%	28.6x	10.2%	10.5%	1.93	₹1.12 Lakh Cr
JSW ENERGY Ltd (JSWENERGY)	Power & Utilities Operations	₹519.50	-0.70%	44.3x	7.5%	8.2%	2.50	₹88,924 Cr
NTPC GREEN ENERGY Ltd (NTPCGREEN)	Power & Utilities Operations	₹83.60	+1.35%	125.0x	2.8%	3.6%	1.67	₹75,896 Cr
NHPC Ltd (NHPC)	Hydroelectric & Renewable Power	₹77.90	-3.10%	19.0x	9.3%	5.8%	1.26	₹72,073 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:06:38 IST	✓ Live Sync
Financial Statements (10Y)	Indian Renewable Energy Dev Agency Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Indian Renewable Energy Dev Agency

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Indian Renewable Energy Dev Agency

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Power & Utilities)

Metric Explainer

Stock DNA Methodology

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