In this article, we will explain the IREDA share price target for the period 2024-2030. IREDA, a non-banking financial company, is actively involved in financing solar, wind, hydro, biomass, and biofuels projects, contributing to the growth of the new and renewable energy sector. Recently, the company went public with an initial public offering (IPO) at a share price of Rs 60. Since its listing, the company has witnessed growth and demonstrated a remarkable return of 105.60%.
The renewable energy sector is anticipated to have a promising future, making IREDA shares an attractive option for long-term investors seeking substantial returns.
MORE ABOUT THE COMPANY:-
- IREDA (Indian Renewable Energy Development Agency) is a unique non-banking financial company.
- It holds the distinction of being the first PSU (public sector undertaking) to launch an IPO since LIC in 1987.
- IREDA is a public limited government company, falling under the category of a non-banking financial institution.
- The primary focus of IREDA is to promote, develop, and provide financial assistance for new and renewable projects and startups in the green energy sector.
- Recognized as a Mini Ratna government enterprise, IREDA is administered and controlled by the Ministry of New and Renewable Energy.
- The company operates in various sectors, including solar, wind, hydro, biomass, biofuel, and co-generation.
- Its role extends to supporting and facilitating projects that contribute to sustainable and environmentally friendly energy solutions.
IREDA Share Price Target 2024 to 2030 will include a detailed analysis of the company and its share price prediction, aiming for a 79% accuracy rate. In my previous post, the predicted price was 80% accurate, and we also explained the company’s fundamentals, financials, revenue, and profit.
IREDA Share Price Target 2024
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 150 |
| April | 200 |
| July | 213 |
| September | 243 |
The share price of IREDA is expected to continue its upward trend from the current price. The first target in January is set at 107, following which the share is projected to reach 126 in April and 147 in July. While there may be some fluctuations in August, it is anticipated that the share will rebound and experience a rise, reaching 170 between September and December. The share price of IREDA is expected to fluctuate between 107 and 170 in the year 2024
IREDA Company Fundamentals
| Metric | Value |
|---|---|
| Market Cap | 26,136 Crore INR |
| P/E Ratio (TTM) | 75.38 |
| P/B Ratio | 4.52 |
| Industry P/E | 18.73 |
| Debt to Equity | 8.01 |
| ROE (Return on Equity) | 11.56% |
| EPS (TTM) | 1.29 |
| Dividend Yield | 0.00% |
| Book Value | 21.52 |
| Face Value | 10 |
The company has a market capitalization of 26,136 crore, and although the high P/E ratio may raise concerns, the company assures to address all minor queries. Additionally, the face value of 10 is considered favorable, indicating stability. Considering the company’s commitment to compensating for smaller concerns and the positive face value, it appears that the company is unlikely to disappoint long-term investors.
IREDA Company Financials
| Period | Revenue (in Crore) | Profit (in Crore) |
|---|---|---|
| September 2022 | 792 | 184 |
| December 2022 | 869 | 201 |
| March 2023 | 1036 | 254 |
| June 2023 | 1144 | 295 |
| September 2023 | 1177 | 285 |
| Year | Net Worth (in Crore) |
|---|---|
| 2018 | 2413 |
| 2019 | 2562 |
| 2020 | 2522 |
| 2021 | 2996 |
IREDA Share Price Target 2025
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 256 |
| April | 245 |
| July | 268 |
| September | 309 |
The share price of IREDA is expected to experience a temporary decline after reaching its 52-week high, consolidating before another upward movement. In January, the IREDA share price is predicted to be Rs 166, but it is anticipated to rebound. By 2025, it is projected that the IREDA share will fluctuate in the range of Rs 166 to Rs 209.
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IREDA Share Price Target 2026
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 313 |
| April | 308 |
| July | 345 |
| September | 356 |
In 2026, the renewable sector is expected to witness growth, leading to an increase in the share prices of companies operating in this industry. IREDA, being a non-financial banking sector entity, plays a crucial role in supporting others to expand within this sector. While the company’s financials may experience fluctuations, it is anticipated that the share prices will range between 217 to 249 in 2026.
IREDA Share Price Target 2027
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 370 |
| April | 377 |
| July | 386 |
| September | 412 |
Based on technical analysis and government support in the renewable sector, the share price targets for IREDA in 2024, 2025, and 2026 are estimated to be 79% accurate. Additionally, it is anticipated that in 2027, the share price of IREDA will be around 330 to 350.
IREDA Share Price Target 2028
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 423 |
| April | 454 |
| July | 430 |
| September | 460 |
According to expert analysis, the IREDA share price in 2028 is expected to be in the range of 347 to 356, continuing the upward trend. The estimated price is deemed achievable as the company will celebrate its 5th anniversary post-IPO, playing a crucial role in the renewable energy sector.
IREDA Share Price Target 2029
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 478 |
| April | 476 |
| July | 489 |
| September | 499 |
In 2029, the share price of IREDA is anticipated to range between 397 to 464. The initial target for January is expected to be around 397, with a subsequent increase to approximately 413 in April and a slight dip to 406 in July. From September to December, the share price is projected to rise again, reaching around 464.
IREDA Share Price Target 2030
| Month | Share Price Target (in Rupees) |
|---|---|
| January | 500 |
| April | 523 |
| July | 543 |
| September | 534 |
The IREDA share price target for 2030 is expected to be around 509 to 530. Those who invested in this share in 2023 or 2024 stand to gain significant returns, considering the share was listed at Rs 60. By 2030, the share is projected to reach or exceed the 500 mark.
NOTE:-Â It’s important to note that these share prices are achievable if everything goes well, and the government continues to support the renewable energy sector. However, investing in the stock market involves risks, so it’s advisable to consult with your financial advisor for more information.
Is Borosil Renewables A Good Buy?
Yes, IREDA is the only non-financial banking company that supports the renewable energy sector. It provides financial support to both established companies and startups. The company is more promising to invest in because it is connected to the Ministry of New and Renewable Energy, and the government supports it. Since its listing, its shares have seen significant growth, and it has high potential for further expansion.
FAQs:- IREDA Share Price Target 2024-2030
Q: What is the Fullform of IREDA?
The full form of IREDA is the Indian Renewable Energy Development Agency. It is a non-financial banking company that operates in the renewable energy sector, covering areas such as solar, wind, hydro, biomass, biofuel, etc. The company also provides financial support to new companies or startups in the renewable sector.
Q: IREDA Was Developed By the Government of India?
Yes, the Indian Renewable Energy Development Agency was developed by the government and was established in 1987 to support companies that produce green energy. It also provides financial support.
Q: Where is the IREDA Headquarter Located?
The Indian Renewable Energy Development Agency is headquartered in New Delhi, India, where the company conducts most of its work. It is governed by the government under the Ministry of New and Renewable Energy.
Q: IREDA Comes Under Which Ministry?
IREDA (Indian Renewable Energy Development Agency) comes under the Ministry of New and Renewable Energy, and it is the first public sector undertaking to launch its IPO after LIC
Conclusion
IREDA (Indian Renewable Energy Development Agency) is the sole player in the market supporting renewable energy companies and startups. Governed by the government, its shares were listed at Rs 60 in the IPO. Subsequently, the shares experienced a significant jump, providing a 105% return to date. The company promises further growth, both in its operations and share price. The target share price mentioned in the article will be achieved if the government continues promoting and supporting green energy.