Indian Renewable Energy Development Agency Limited (IREDA) is a Public Sector Undertaking (PSU) Company. IREDA is Listed In both NSE and BSE. Today through this post we will know the IREDA share price target 2024, 2025, and 2030. “This price prediction is based on the past performance and fundamental analysis of IREDA stock.” The Current Market Price of IREDA is ₹284.26 as of 13, July 2024.
IREDA was India’s first PSU IPO which entered the stock market in 2023. IREDA has performed very well in recent times and has given good returns to its investors. IREDA has given returns of 468.52% since its listing. Indian Renewable Energy Development Agency Limited (IREDA) stock price increased from ₹62.75 to ₹284.26 in the previous 1 years. IREDA’s 52-week high is ₹304.50 and the 52-week low is ₹50. In the last few months, we have seen a bullish trend in IREDA.
IREDA Overview
Indian Renewable Energy Development Agency Limited (IREDA) was started in 1987. IREDA is included in the मिनीरत्न (Category – I) organization of the Government of India. IREDA is controlled by the Ministry of New and Renewable Energy (MNRE). The government has a 75% stake in IREDA. And the remaining 25% is public holdings. The headquarters of IREDA is located in Delhi. IREDA is a Non-Banking Financial Company (NBFC) that provides financial support to India’s renewable energy sector. IREDA provides funds for solar, wind, biomass, and hydroelectric renewable energy projects. Pradeep Kumar Das is the Chairman and Managing Director of IREDA.
IREDA Share Price Target 2024
| Month | Target Price |
| IREDA Target Price For July 2024 | ₹289.26 |
| IREDA Target Price For August 2024 | ₹310.60 |
| IREDA Target Price For September 2024 | ₹316.45 |
| IREDA Target Price For October 2024 | ₹326.80 |
| IREDA Target Price For November 2024 | ₹345.90 |
| IREDA Target Price For December 2024 | ₹376.35 |
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IREDA Share Price Target 2025
| Month | Target Price |
| IREDA Target Price For January 2025 | ₹379.09 |
| IREDA Target Price For February 2025 | ₹390.45 |
| IREDA Target Price For March 2025 | ₹392.60 |
| IREDA Target Price For April 2025 | ₹397.90 |
| IREDA Target Price For May 2025 | ₹402.36 |
| IREDA Target Price For June 2025 | ₹408.86 |
| IREDA Target Price For July 2025 | ₹417.48 |
| IREDA Target Price For August 2025 | ₹420.77 |
| IREDA Target Price For September 2025 | ₹429.16 |
| IREDA Target Price For October 2025 | ₹436.70 |
| IREDA Target Price For November 2025 | ₹432.88 |
| IREDA Target Price For December 2025 | ₹451.23 |
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IREDA Share Price Target 2026
| Month | Target Price |
| IREDA Target Price For January 2026 | ₹456.78 |
| IREDA Target Price For February 2026 | ₹457.90 |
| IREDA Target Price For March 2026 | ₹490.85 |
| IREDA Target Price For April 2026 | ₹508.99 |
| IREDA Target Price For May 2026 | ₹513.70 |
| IREDA Target Price For June 2026 | ₹520.97 |
| IREDA Target Price For July 2026 | ₹526.00 |
| IREDA Target Price For August 2026 | ₹528.76 |
| IREDA Target Price For September 2026 | ₹537.66 |
| IREDA Target Price For October 2026 | ₹540.55 |
| IREDA Target Price For November 2026 | ₹548.90 |
| IREDA Target Price For December 2026 | ₹557.05 |
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IREDA Share Price Target 2027
| Month | Target Price |
| IREDA Target Price For January 2027 | ₹559.33 |
| IREDA Target Price For February 2027 | ₹564.70 |
| IREDA Target Price For March 2027 | ₹569.90 |
| IREDA Target Price For April 2027 | ₹578.66 |
| IREDA Target Price For May 2027 | ₹586.89 |
| IREDA Target Price For June 2027 | ₹601.80 |
| IREDA Target Price For July 2027 | ₹606.77 |
| IREDA Target Price For August 2027 | ₹616.45 |
| IREDA Target Price For September 2027 | ₹614.99 |
| IREDA Target Price For October 2027 | ₹620.78 |
| IREDA Target Price For November 2027 | ₹623.45 |
| IREDA Target Price For December 2027 | ₹627.80 |
IREDA Share Price Target 2028
| Month | Target Price |
| IREDA Target Price For January 2028 | ₹635.90 |
| IREDA Target Price For February 2028 | ₹637.13 |
| IREDA Target Price For March 2028 | ₹642.33 |
| IREDA Target Price For April 2028 | ₹646.84 |
| IREDA Target Price For May 2028 | ₹652.78 |
| IREDA Target Price For June 2028 | ₹659.96 |
| IREDA Target Price For July 2028 | ₹663.89 |
| IREDA Target Price For August 2028 | ₹672.35 |
| IREDA Target Price For September 2028 | ₹681.20 |
| IREDA Target Price For October 2028 | ₹685.77 |
| IREDA Target Price For November 2028 | ₹690.56 |
| IREDA Target Price For December 2028 | ₹702.09 |
IREDA Share Price Target 2029
| Month | Target Price |
| IREDA Target Price For January 2029 | ₹708.79 |
| IREDA Target Price For February 2029 | ₹714.33 |
| IREDA Target Price For March 2029 | ₹719.90 |
| IREDA Target Price For April 2029 | ₹725.40 |
| IREDA Target Price For May 2029 | ₹729.86 |
| IREDA Target Price For June 2029 | ₹732.88 |
| IREDA Target Price For July 2029 | ₹736.50 |
| IREDA Target Price For August 2029 | ₹740.80 |
| IREDA Target Price For September 2029 | ₹743.35 |
| IREDA Target Price For October 2029 | ₹750.55 |
| IREDA Target Price For November 2029 | ₹746.34 |
| IREDA Target Price For December 2029 | ₹753.80 |
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IREDA Share Price Target 2030
| Month | Target Price |
| IREDA Target Price For January 2030 | ₹760.05 |
| IREDA Target Price For February 2030 | ₹765.76 |
| IREDA Target Price For March 2030 | ₹768.90 |
| IREDA Target Price For April 2030 | ₹771.25 |
| IREDA Target Price For May 2030 | ₹774.88 |
| IREDA Target Price For June 2030 | ₹779.60 |
| IREDA Target Price For July 2030 | ₹782.09 |
| IREDA Target Price For August 2030 | ₹785.90 |
| IREDA Target Price For September 2030 | ₹789.03 |
| IREDA Target Price For October 2030 | ₹792.20 |
| IREDA Target Price For November 2030 | ₹795.45 |
| IREDA Target Price For December 2030 | ₹801.74 |
IREDA Financials 2023
| Particulars | Year(2023) |
| Revenue | ₹3,483 (Cr) |
| Expenses | ₹2,343 (Cr) |
| EBITA | ₹3,251 (Cr) |
| Profit Before Tax | ₹1,139 (Cr) |
| Net Profit | ₹864 (Cr) |
IREDA Fundamentals
| Particulars | Figures |
| Market Cap | ₹76,507 (Cr) |
| P/E Ratio | 61.08 |
| Debt to Equity | 5.73 |
| ROE | 14.63% |
| Book Value | 31.85 |
| Face Value | 10 |
IREDA Shareholding Pattern
| Particulars | Shareholding pattern |
| Promoters | 75.00% |
| Retail Investor | 21.88% |
| Foreign Institutions (FII) | 2.70% |
| Mutual Funds | 0.24% |
| Domestic Institutions (DII) | 0.18% |
Key factors to consider before investing in IREDA Stock
- Before investing in IREDA Stock, analyze its financial performance, revenue growth, debt levels, cash flow, and net profit. The revenue and profit of IREDA have been consistently increasing over the past few years.
- The renewable energy sector is growing very fast in India. The government is also running new initiatives for the growth of this sector. This growth will also be seen in the business of the Indian Renewable Energy Development Agency Limited (IREDA).
- keep an eye on renewable energy development projects, government policies, and regulations.
- IREDA also has many competitors like Banks and Financial Institutions, NBFC, Private Equity and VC Firms, Government financial agencies, and Renewable Energy Developers so it is important to analyze IREDA’s competitors.
- Before investing in IREDA, understand your risk and invest with proper risk management.
- Must consider the fundamentals of IREDA Limited, such as the price-to-earnings ratio (P/E), market valuation, price-to-book (P/B) ratio, and other relevant metrics.
Conclusion
Indian Renewable Energy Development Agency Limited (IREDA) is a government organization That’s why investors have confidence in it And we also saw good returns in IREDA’s IPO. IREDA’s financial performance has also improved in the last few years. But high debt levels can be a red flag. But even then, before investing in IREDA, do your analysis and take expert advice.
The target price of IREDA given above is only a guidance. We do not give any kind of buy or sell advice. The target prices of the given IREDA Stocks are subject to change at any time depending on the market conditions. However, TrendFriend advises you to consult your experts for any investment.
FAQ’S
What is the target price of IREDA In 2024?
IREDA share price target is between ₹289.26 to ₹376.35 in 2024.
What is the target price of IREDA In 2025?
IREDA share price target is between ₹379.09 to ₹451.23 in 2025.
What is the target price of IREDA In 2026?
IREDA share price target is between ₹456.78 to ₹557.05 in 2026.
What is the target price of IREDA In 2027?
IREDA share price target is between ₹559.33 to ₹627.80 in 2027.
What is the target price of IREDA In 2028?
IREDA share price target is between ₹635.90 to ₹702.09 in 2028.
What is the target price of IREDA In 2029?
IREDA share price target is between ₹708.79 to ₹753.80 in 2029.
What is the target price of IREDA In 2030?
IREDA share price target is between ₹760.05 to ₹801.74 in 2030.
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