Indian Renewable Energy Development Agency share price & results
- Sept 2026
- Sept 2026
India's largest pure-play renewable-energy financing NBFC, majority-owned by the Government of India.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,346 | +14.0% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Sept 2026 | Not in the filed figures for the quarter to sept 2026. No older figure is substituted. | ||
| Net profit | 552 | +0.5% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 13.73 | −2.4 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | 16.98 | −12.6 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −35.0% 1Y
1Y: ₹153.4 on 24 Oct 2025 → ₹99.7. High ₹155.57 (29 Oct 2025), low ₹99.7 (27 Oct 2026).
- Previous close
- ₹101.87
- Market cap
- ₹28.1k Cr
- 52-week range
- ₹99.7 – ₹155.57
- One year
- −34.99%
- Price to earnings (TTM to Sept 2026)
- 14.27×
- Return on equity (TTM to Sept 2026)
- 13.73%
Overview
- Symbol
- NSE:IREDA
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What Indian Renewable Energy Development Agency Limited does
Based on the company's own presentations, annual report and earnings calls.
IREDA is a Non-Banking Financial Company dedicated to promoting, developing and financing renewable energy and energy-efficiency projects across India, established in 1987 under the Ministry of New and Renewable Energy. It earns interest income by extending project term loans, refinancing, loan syndication, top-up loans and guarantee-assistance facilities to developers, manufacturers and EPC contractors in solar, wind, hydro, biomass, ethanol, waste-to-energy and emerging technologies such as battery storage, EV charging infrastructure, green hydrogen and smart meters. It holds Infrastructure Finance Company status from the RBI and is classified as a Systemically Important Non-Deposit-taking NBFC, and also operates a wholly owned subsidiary registered at the GIFT City IFSC. IREDA is a Navratna, Schedule-A Central Public Sector Enterprise majority owned by the Government of India.
Segments
- Traditional RE Technologies Financing
- Emerging Technologies Financing
- Geographic lending presence
- 23 states and 4 Union Territories
- RE technology segments financed
- 14 (8 traditional + 6 emerging RE technologies)
- Financial product types offered
- 8 distinct loan/guarantee product types across the RE project lifecycle
- Regulatory classification
- RBI-registered Infrastructure Finance Company (IFC) and Systemically Important Non-Deposit-taking NBFC
- Domestic credit rating
- AAA/Stable, the highest domestic rating, from five domestic rating agencies
- International credit rating
- S&P Global BBB long-term/Stable outlook, A-2 short-term
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2019 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +1% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,698 | 1,905 | 1,948 | 2,057 | 2,130 | 2,175 | 2,249 | 2,346 |
| Expenses | 119 | 171 | 427 | 138 | 179 | 309 | 486 | 255 |
| Other income | 1 | 11 | 12 | 1 | 10 | 6 | 1 | 1 |
| Interest | 1,032 | 1,104 | 1,218 | 1,213 | 1,233 | 1,241 | 1,341 | 1,377 |
| Depreciation | 10 | 11 | 10 | 10 | 11 | 13 | 10 | 10 |
| Profit before tax | 538 | 630 | 305 | 696 | 717 | 619 | 414 | 704 |
| Tax rate | 21.0% | 20.0% | 19.0% | 21.0% | 18.0% | 20.0% | 18.0% | 22.0% |
| Net profit | 425 | 502 | 247 | 549 | 585 | 493 | 339 | 552 |
| EPS (₹ per share) | 1.58 | 1.87 | 0.88 | 1.96 | 2.08 | 1.75 | 1.21 | 1.97 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 4,964 | 6,743 | 8,310 |
| Expenses | 86 | 472 | 1,053 |
| Other income | 0 | 13 | 29 |
| Interest | 3,164 | 4,141 | 4,905 |
| Depreciation | 30 | 39 | 44 |
| Profit before tax | 1,686 | 2,104 | 2,337 |
| Net profit | 1,253 | 1,699 | 1,874 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 2,285 | 2,688 | 2,688 | 2,809 | 2,809 | 2,809 |
| Reserves | 3,651 | 5,872 | 7,579 | 10,111 | 10,976 | 11,531 |
| Borrowings | 40,165 | 49,687 | 64,740 | — | 77,846 | 80,940 |
| Other liabilities | 4,347 | 4,354 | 1,861 | 4,934 | 2,177 | 2,766 |
| Total liabilities | 50,447 | 62,600 | 76,867 | 87,794 | 93,808 | 98,047 |
| Fixed assets | 229 | 361 | 349 | 335 | 320 | 306 |
| Capital work in progress | 144 | 0 | 0 | 0 | 0 | 0 |
| Investments | 99 | 101 | 600 | 780 | 884 | 976 |
| Other assets | 49,975 | 62,138 | 75,918 | 86,678 | 92,603 | 96,765 |
| Total assets | 50,447 | 62,600 | 76,867 | 87,794 | 93,808 | 98,047 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -3,206 | -5,254 | -12,343 | -11,100 | -14,460 | -14,477 |
| Cash from investing | -2 | -107 | -17 | -23 | -518 | -281 |
| Cash from financing | 2,441 | 5,271 | 12,368 | 11,059 | 14,960 | 14,748 |
| Net cash flow | -767 | -90 | 7 | -64 | -17 | -10 |
| Free cash flow | -3,209 | -5,262 | -12,360 | -11,123 | -14,487 | -14,492 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on equity | 13.0% | 15.0% | 15.0% | 15.0% | 18.0% | 16.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 20.0% |
Ownership
Who owns it
Promoters hold 71.76% as of Sept 2026; institutions added 0.22 pts since Jun 2026.
- Promoters 71.76%
- Foreign institutions 2.57%
- Domestic institutions 2.52%
- Public 23.14%
Who is on the register
Named in the Sep 2026 filing
Every holder of Indian Renewable Energy Development Agency Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 71.76% | unchanged | |
| Insurer | 2.21% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in IREDA
Filings to Sep 2026
0 new, 1 added, 5 trimmed, 0 sold out — net −0.15 L shares (−0.9%).
- Held by funds
- ₹18 Cr
- 6 schemes
- Biggest holder
- Nippon India ETF Nifty Midcap 150
- ₹8 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund | ₹8 Cr | −0.07 L | Sep '24 |
| Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund | ₹6 Cr | −0.05 L | Sep '24 |
| SBI Nifty Midcap 150 Index Fund SBI Mutual Fund | ₹3 Cr | +0.03 L | Sep '24 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | −0.05 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.01 L | Sep '24 |
| SBI Nifty Midcap150 ETF SBI Mutual Fund | ₹0 Cr | −0.00 L | Mar '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 5 trimmed — net −14,651 shares (−0.9%)
- Funds are sitting on
- -48%
- vs est. average cost
- Held by funds
- ₹18 Cr
- 6 schemes · ≈ 0.06% of the company
- Biggest holder
- Nippon India ETF Nifty Midcap 150
- ₹8 Cr · 0.2% of that fund
Shares held by these funds −96%
Nov '23 16.37 L shares Sep '26
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