IREDA Share Price Target 2024, 2025, 2026, 2030, 2040

IREDA Share Price Target 2024, 2025, 2026, 2030, 2040

(IREDA) is a Public Sector Undertaking (PSU) of the Government of India for renewable energy development. IREDA is listed on both the Mumbai Stock Exchange BSE and the National Stock Exchange NSE. Today, through this article, we will know in detail about the IREDA Share Price Target 2024, 2025, 2026, 2030, and 2040. This share price forecast is going to be based on the past performance and fundamental analysis of the IREDA share price. The current market price of IREDA share in Indian Rupees as on 06 June 2024 is ₹178.40.

 

IREDA, a PSU company of the Government of India, was listed in the stock market in 2023. REDA stock has performed very well in recent times and has given good returns to the investors who invested in this stock. Since the listing of IREDA stock in the stock market, this stock has given a return of 184.30% till now. IREDA stock has touched its 52-week high price of ₹ 214.80 and 52-week low price of ₹ 50. In the last few days, we have experienced a good rally in IREDA stock.

 

Overview of IREDA Company

(IREDA) Renewable Energy Development Agency Limited Company of the Government of India is a government-owned financial institution that seeks to promote and finance ongoing renewable energy projects in the country. (IREDA) was established in 1987. IREDA Company works under the administrative control of the Ministry of New and Standard Energy (MNRE).

 

Key Functions of The Company

  1. Providing financial assistance 
  • IREDA Company provides loans and financial assistance for all types of projects related to renewable energy sources such as wind, hydro, solar and biomass.
  • IREDA also supports projects related to energy efficiency and conservation.

 

2. Company promotional activities 

  • To facilitate the development and commercialization of new and renewable sources of energy.
  • To encourage projects using clean and renewable energy technologies.

 

3. Renewable energy policy implementation 

  • To work in accordance with all the policies and schemes of the Ministry of New and Renewable Energy to continuously promote the development of renewable energy.

 

4. Capacity building awareness

  • Includes organizing training, workshops and seminars from time to time to spread awareness about renewable energy technologies.

 

IREDA share price target 2024

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2024 can be ₹180.40 and the maximum price can be ₹194.20.

 

Month Wise (Year 2024) Target Price
IREDA Target (June 2024) ₹180.40
IREDA Target (July 2024) ₹182.80
IREDA Target (August 2024) ₹181.20
IREDA Target (September 2024) ₹186.35
IREDA Target (October 2024) ₹190.23
IREDA Target (November 2024) ₹192.56
IREDA Target (December 2024) ₹194.20

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IREDA share price target 2025

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2025 can be ₹196.23 and the maximum price can be ₹212.30.

 

Month Wise (Year 2025) Target Price
IREDA Target (January 2025) ₹196.23
IREDA Target (February 2025) ₹192.55
IREDA Target (March 2025) ₹195.32
IREDA Target (April 2025) ₹194.30
IREDA Target (May 2025) ₹196.32
IREDA Target (June 2025) ₹198.54
IREDA Target (July 2025) ₹197.35
IREDA Target (August 2025) ₹199.65
IREDA Target (September 2025) ₹205.05
IREDA Target (October 2025) ₹208.65
IREDA Target (November 2025) ₹210.65
IREDA Target (December 2025) ₹212.30

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IREDA share price target 2026

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2026 can be ₹209.65 and the maximum price can be ₹244.95.

 

Month Wise (Year 2026) Target Price
IREDA Target (January 2026) ₹209.65
IREDA Target (February 2026) ₹211.65
IREDA Target (March 2026) ₹214.50
IREDA Target (April 2026) ₹215.20
IREDA Target (May 2026) ₹222.30
IREDA Target (June 2026) ₹226.65
IREDA Target (July 2026) ₹229.65
IREDA Target (August 2026) ₹232.20
IREDA Target (September 2026) ₹235.55
IREDA Target (October 2026) ₹238.60
IREDA Target (November 2026) ₹241.85
IREDA Target (December 2026) ₹244.95

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IREDA share price target 2027

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2027 can be ₹246.50 and the maximum price can be ₹267.05.

 

Month Wise (Year 2027) Target Price
IREDA Target (January 2027) ₹246.50
IREDA Target (February 2027) ₹243.51
IREDA Target (March 2027) ₹242.60
IREDA Target (April 2027) ₹240.35
IREDA Target (May 2027) ₹246.35
IREDA Target (June 2027) ₹247.80
IREDA Target (July 2027) ₹251.54
IREDA Target (August 2027) ₹254.10
IREDA Target (September 2027) ₹257.85
IREDA Target (October 2027) ₹260.50
IREDA Target (November 2027) ₹264.85
IREDA Target (December 2027) ₹267.05

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IREDA share price target 2030

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2030 can be ₹328.54 and the maximum price can be ₹355.30.

 

Month Wise (Year 2030) Target Price
IREDA Target (January 2030) ₹328.54
IREDA Target (February 2030) ₹325.60
IREDA Target (March 2030) ₹320.55
IREDA Target (April 2030) ₹326.95
IREDA Target (May 2030) ₹331.05
IREDA Target (June 2030) ₹334.55
IREDA Target (July 2030) ₹338.95
IREDA Target (August 2030) ₹342.10
IREDA Target (September 2030) ₹348.20
IREDA Target (October 2030) ₹351.60
IREDA Target (November 2030) ₹353.75
IREDA Target (December 2030) ₹355.30

 

IREDA share price target 2040

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2040 can be ₹620.30 and the maximum price can be ₹669.85.

 

Month Wise (Year 2040) Target Price
IREDA Target (January 2040) ₹620.30
IREDA Target (February 2040) ₹623.10
IREDA Target (March 2040) ₹628.40
IREDA Target (April 2040) ₹625.10
IREDA Target (May 2040) ₹630.95
IREDA Target (June 2040) ₹636.20
IREDA Target (July 2040) ₹637.85
IREDA Target (August 2040) ₹643.10
IREDA Target (September 2040) ₹648.20
IREDA Target (October 2040) ₹657.10
IREDA Target (November 2040) ₹655.95
IREDA Target (December 2040) ₹669.85

 

IREDA Fundamentals Data

Fundamentals IREDA
Market Cap ₹46,431Cr
52 Week High 214.80
52 Week Low 50.00
NSE Symbol IREDA
ROE 14.63%
P/E Ratio 37.07
EPS 4.66
P/B Ratio 5.42
Dividend Yield 0.00%
Industry P/E 23.86
Book Value 31.85
Debt to Equity 0.435.73
Stock Face Value 10

 

IREDA Shareholding Pattern

Promoters 75%
Retail & Others 22.69%
DII 0.42%
FII 1.36%
Mutual Funds 0.53%

 

IREDA Financial Reports

Sector Year (2023)
Revenue 1,253 Cr.
Expense 760 Cr.
Profit Before Tax 386 Cr.
Net Profit 337 Cr.

 

Consider these things before investing in IREDA stock

 

Check the company’s financial performance: –

 

1. Revenue and Profitability

  •  Assess the historical revenue growth, profitability and profit margins of IREDA stock.
  • Keep an eye on any changes in net income, company operating income and financial performance.

 

2. Check the company’s balance sheet strength

  • Evaluate the company’s assets, liabilities and share price.
  • Pay attention to the debt-to-equity ratio and interest ratio and check their management.

 

3. Check Company Cash Flow 

  • Analyze all the statements carefully to understand the cash flow of IREDA company.
  • Properly check the cash flow of the company’s operations and see how it is being used properly or not.
  • Understand the market and industry situation

 

4. Renewable energy sector outlook 

  • Consider the growth prospects in the renewable energy sector in India and around the world.
  • Keep an eye on government policies, incentives and subsidies supporting renewable energy projects.

 

5. Understand the competition in the sector

  • Keep an eye on IREDA’s major competitors in the market.
  • Understand government and regulatory decisions .

 

6. Government Policy Support

  • Make sure to evaluate all current and future government policies related to renewable energy.
  • Understand the impact of any regulatory changes on IREDA’s operations and profitability.

 

7. Environmental regulation rule changes

  • Consider how any environmental laws and regulations may affect IREDA’s projects and financial health.
  • What are the company specific factors?.

 

8. Check the company management quality

  • Pay special attention to the track record of the management team of IREDA.
  • Assess their experience and success in the renewable energy sector so far.

 

9. Company Strategic Initiatives

  • IREDA should keep a close eye on the company’s strategic plans for growth and expansion.
  •  Evaluate any new projects, partnerships or technology changes Financial Health and Risks.

 

10. Company Credit Rating 

  • Check IREDA’s credit rating from reputed credit rating agencies across the world.
  • If the company gets a good credit rating, the company will have a low default risk.

 

11. IREDA Stock Risk Factors

  • Includes market risks such as credit risk, company operational risk and any sector-specific risks .

 

12. Historical Stock Performance

  •  Review IREDA’s stock performance.
  • Compare it with industry benchmarks and indices.

 

13. Check Valuation Metrics

  • Analyze valuation metrics such as price-to-earnings (P/E) ratio, price-to-book (P/B) ratio and earnings per share (EPS).
  • Compare these current metrics with industry peers.

 

14. Dividend yield

  • Check if IREDA pays dividends and how consistent the dividend payout is.
  • Assess the dividend yield in relation to the stock price and overall returns.

 

15. Investor sentiment

  • Assess market sentiment by looking at TV news, analyst reports and stock market trends.
  •  Keep an eye on the opinions and recommendations of financial analysts covering this stock.

 

16. Institutional ownership

  • Take a good look at the level of institutional ownership in IREDA.
  • High institutional (such as mutual fund) ownership indicates confidence in the company’s prospects.

 

17. Economic conditions

  • Consider the macroeconomic environment, including interest rates, inflation and economic growth.
  • Understand how these factors can affect IREDA’s business and stock performance.

 

Investors should carefully evaluate these factors before considering investing in IREDA shares.

 

How To Buy IREDA Share?

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  6. Zerodha App

 

Conclusion IREDA Stock Share Price Target

IREDA Company Indian Renewable Energy Development Agency Limited is a government company of the Government of India, due to which investors have a lot of confidence in this stock, IREDA’s IPO has also given good returns to the investors. In the last few years, we have also seen improvement in the financial performance of IREDA company. But the high debt level in the company remains a big question. Before investing in IREDA shares, do your own analysis and consult your financial advisor expert.

 

The IREDA share price target price given above is only a guidance estimate. We do not recommend any kind of purchase or sale. The target price of IREDA share price may be more or less depending on the fluctuations in the stock market. However, Money Mint Idea recommends that you invest in this stock after taking advice from your financial advisor for any investment.

 

 

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What Is The Target Price Of IREDA Stock In 2025?

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What Is The Prediction For IREDA Stock?

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