ireda share price target 2025 to 2030

IREDA share price target 2025 to 2030 will be discussed along with the fundamental and technical analysis of the company. Before we proceed towards the same, let us learn about the company first.

IREDA – About the company

IREDA share price target 2025 to 2030 will be discussed in the below paragraphs after we learn more about the company. Indian Renewable Energy Development Agency Ltd., known as IREDA, was incorporated in the year 1987. It is a Government of India Enterprise and falls under the Ministry of New and Renewable Energy. The core of the company is to facilitate the promotion, and development, and to extend financial assistance for project setup related to renewable sources of energy.

The motto of the company is ” Energy For Ever”. IREDA is headed by Mr. Pradip Kumar Das, who is the acting Chairman & Managing Director. Mr. Bijay Kumar Mohanty is the Chief Financial Officer of IREDA. The main aim of IREDA is to support and finance green energy and renewable energy projects. Readers who wish to learn more about the company may visit the website IREDA.

IREDA – Fundamental Analysis

The revenues posted by the company at the end of financial year 2023 is Rs 3483 cr and the financing profit stood at 33%. The net profit earned by IREDA in the financial year ending March 2023 is Rs 865 cr. The market capitalization of the company is Rs 29772 cr at the current market price of IREDA share at Rs 111. The shares of the company were listed at the NSE and BSE on 29th November 2023.

	Mar-19	Mar-20	Mar-21	Mar-22	Mar-23
Revenue (in cr)	2020	2368	2655	2860	3483
Expenses (in cr)	431	649	495	430	232
Operating profit (in cr)	406	259	590	843	1163
PBT(in cr)	311	241	570	834	1139
Net Profit (in cr)	250	215	346	634	865
EPS	3.19	2.73	4.42	2.77	3.78
Financing Profit	20%	11%	22%	29%	33%

The listing price of IREDA IPO was Rs 50 against the offer price of Rs 30 to Rs 32. The IPO is listed at a premium of 124%. Since then the share prices have been on the move and have reached a high of Rs 123.2.

IREDA – Technical Analysis

IREDA shares were listed on the National Stock Exchange and Bombay Stock Exchange on 29th November 2023. The listing price was Rs 50 against the offer price of Rs 30 to Rs 32. The price closed at a high of Rs 60 on the listing day.

Since the listing, the price has doubled within a few days and slid to below Rs 100 as well. The price is now moving up again. The high of Rs 60, i.e., the listing day high, will act as a strong support for the price movement and the prices may not fall below this level. It will be a great opportunity for the investors if they get entry into IREDA shares near this level.

The shares of the company were listed at NSE and BSE on 29th November 2023. There is hardly any IREDA share price history at the moment. Readers who wish to learn about the company may visit the website IREDA.

The below bar chart shares the IREDA share price target 2024, IREDA share price target 2025 to IREDA share price target 2030.

IREDA share price target 2025 may be Rs 195 and the price of IREDA is expected to reach the levels of Rs 410 by the year 2030.

IREDA shareholding pattern

Below pie-chart represents the shareholding pattern of IREDA. The promoters hold a 75% stake in the company whereas the FIIs and DIIs hold only 3.95% & 8.21% stake respectively. The public shareholding in IREDA currently stands at 12.85%.

What is IREDA share price target 2025?

IREDA share price target 2025 may be Rs 195.

What is IREDA share price target 2028?

IREDA share price target for the year 2028 may be Rs 300.

What is IREDA share price target 2030?

IREDA share price target 2030 may be Rs 410.

Who are the competitors of IREDA?

The competitors of IREDA are REC Ltd., Power Finance Corporation, IRFC, IFCI, etc.

Where can one check IREDA share price nse live?

IREDA share price nse live can be checked on the websites like tradingview, nseindia, etc.

What is IREDA share price target tomorrow?

The share price target of IREDA for tomorrow can be speculated based on technical chart study, news related to IREDA, competitors, etc.

What is IREDA share price history?

IREDA shares listed on the NSE and BSE on 29th November 2023. There is not much history available for the share price movement of IREDA at present.

Conclusion

The investors are advised to consult their financial advisors before making an investment decision on IREDA. Investments in the market are subject to market risks and this blog post is in no way written to advise anyone to buy or sell IREDA shares. We are not SEBI registered analysts and the share price targets are speculated on our decade-long share market experience and knowledge. Readers should not take this blog as a piece of investment advice. Readers who wish to learn more may click the links given below:

IREDA share price target 2025 to 2030