Indian Renewable Energy Development Agency Ltd.
Banking · NSE
52-week range
₹108 – ₹186
From 52w high
-27.5%
RSI (14)
58.0
vs SMA 50 / 200
↑ 50 · ↓ 200
IREDA (Indian Renewable Energy Development Agency) is a government-backed NBFC that finances renewable energy projects in India, with 5-year revenue and earnings CAGR of 40.8% and 32.5% respectively. At 133.85, the stock is below its 200-DMA of 137.83, has declined 17.1% over 12 months, and sits 27.9% below its 52-week high. A Q1 net profit decline of 36% YoY was the dominant recent event, with the stock down approximately 25% year-to-date per recent headlines.
- ✓Five-year revenue CAGR of 40.8% and earnings CAGR of 32.5% reflect rapid loan book expansion as India scaled its renewable energy financing infrastructure.
- ✓Profit margin of 45.95% is high relative to general financials, consistent with a focused government-backed lending mandate that provides access to lower-cost funding.
- ✓PE of 19.6x against a forward PE of 16.1x implies the market is pricing in earnings recovery over the next 12 months, with the stock ranking 3rd of 6 on PE among its classified sector peers.
- ✓Price is above its 50-DMA of 123.65 by approximately 8.2%, and RSI at 56.2 is in neutral territory on trailing momentum.
- ✗Q1 net profit declined 36% YoY, a sharp deceleration from the multi-year growth trend; the stock fell approximately 6% on the result day and is down approximately 25% year-to-date.
- ✗Debt-to-equity of 554.1 is on a rising trend; FCF-positive years stand at zero across available history and the consistency score is 42 out of 100, indicating limited internal capital generation buffer.
- ✗ROE data is unavailable and only 1 of the measured years shows ROE above 15%, producing the lowest quality-score rank (1 of 6) among the sector peer set.
- ✗Price is 17.1% lower over 12 months and below the 200-DMA of 137.83; the 52-week drawdown of 27.9% is material in absolute terms.
- ·A Q1 net profit decline of 36% YoY was reported (headline dated April 28, 2026), with the stock falling approximately 6% on that day and extending its year-to-date decline to approximately 25%.
- ·IREDA sanctioned 200 crore for a solar power project in Uttar Pradesh in mid-April 2026 with CMS IndusLaw advising, illustrating continued deal origination alongside earnings pressure.
- ·The CMD unveiled a 3C Mantra on May 10, 2026 (source: Tathya); the specific content was not detailed in the headline but the timing suggests management communication activity around the earnings cycle.
- ?Does the 36% YoY Q1 profit decline reflect a one-time provisioning event, a structural compression in net interest margins, or a slowdown in loan disbursements — and which of these is more persistent?
- ?How does IREDA's funding cost structure compare with private-sector NBFCs given its government ownership, and how sensitive is net interest margin to changes in RBI policy rates?
- ?The 5-year growth rates are strong but the consistency score of 42 and zero FCF-positive years suggest growth has been capital-intensive — at what loan book size does internal capital generation become self-sustaining?
- ?Given that sector peers are structurally different businesses, which financial metrics are genuinely comparable, and how does IREDA benchmark against pure-play renewable energy lenders or other government NBFCs?
PE
19.6
Forward PE
16.1
ROE
—
Profit margin
+46.0%
D/E
554.12
Dividend yield
+0.9%
Quality score
59/100
ROE 5y above 15%
1/5 yrs
FCF 5y positive
0/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.