Indian Renewable Energy Development Agency Ltd
IREDAIndian Renewable Energy Development Agency Ltd is cheap for a reason. The P/BV sits at the 2nd percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: the P/BV sits at the 2nd percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.
The price is in a downtrend (75 weeks in) while the P/BV sits at the 2nd percentile of its own 2-year range. Underneath, the last four quarters read deteriorating — profit −1.8% year on year, and gross NPA has moved to 3.75%. What settles it: whether the quarters turn before the discount closes.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Indian Renewable Energy Development Agency Ltd trades at ₹120, in a downtrend and 75 weeks into that stage. That is −9.9% against its own 200-day average. It sits at 11% of a 52-week range of ₹114 to ₹161. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (8 weeks and counting).
Today the stock is in a downtrend — week 75 of stage 4, confirmed. At ₹120 it trades −9.9% versus its 200-day average and sits at 11% of its 52-week range (₹114–₹161).
Against the market, two honest reads. Cumulative: over the last 2.7 years the stock moved +91% while the NIFTY 500 moved +26% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (8 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Indian Renewable Energy Development Agency Ltd trades at 2.4× P/BV, about the cheapest it has ever traded. Its long-run median P/BV is 4.1×, measured across 2.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/BV of 2.4× is about the cheapest it has ever traded, against a long-run median of 4.1× measured over 2.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year book value grew while the price moved −17.9% — price and book moved together, holding the multiple in its range.
Put together: the multiple is low against its own past, so the story rests on the book-value line underneath it, not the multiple.
Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Indian Renewable Energy Development Agency Ltd reads as topping out on its fundamental arc. Topping out — revenue and profit growth have decelerated hard (revenue growth +38.5% at its peak → +14.2% latest) while ROE still reads 13.6%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +23.0% | +33.6% | +26.0% | — |
| Profit | +10.4% | +29.4% | +40.2% | — |
| EPS | +5.5% | +20.8% | +8.6% | — |
| Share price | −17.9% | — | — | — |
4-Factor Sector Score
50.6/100 — rank 4 of 6 in Finance - PSU Lending · 83% evidence confidence
Indian Renewable Energy Development Agency Ltd scores 50.6 out of 100 against the 6 companies it is compared with in Finance - PSU Lending, ranking 4. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is -22%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
The four contributions add to the total exactly: 24 + 15.9 + 10.7 + 0 = 50.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Indian Renewable Energy Development Agency Ltd reported ₹2,175 Cr of income in the Mar 26 quarter, +14.2% year on year. That is the 10th straight quarter of year-on-year growth. Over 11 years it has compounded at 20.0% a year. The last full year, FY26, came in at ₹8,310 Cr. The last four reported quarters add to ₹8,310 Cr.
FY26 revenue came in at ₹8,310 Cr (+23.0% on the year), capping 11 years at 20.0% compound. The latest quarter (Mar 26) printed ₹2,175 Cr, +14.2% year on year — the 10th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +23.7% growth against the decade's 20.0% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +23.2% over the last 4 quarters against +29.4%/yr over the last 8 — rolling over; TTM profit +10.3% vs +22.3%/yr — rolling over.
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Indian Renewable Energy Development Agency Ltd's net margin is 22.7% in the Mar 26 quarter, −3.7 percentage points against the same quarter a year ago. Across 11 fiscal years the net margin has ranged 9.1% to 25.2%. The current quarter sits inside that band.
The latest quarter's net margin is 22.7%, −3.7 pp against the same quarter a year ago. Across 11 fiscal years the net margin has ranged 9.1%–25.2%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Indian Renewable Energy Development Agency Ltd earned ₹493 Cr of net profit in the Mar 26 quarter, −1.8% year on year. Full-year FY26 profit was ₹1,874 Cr. The 11-year compound rate is 19.2%. That is 22.7% of the quarter's revenue. The same quarter a year earlier earned ₹502 Cr.
Mar 26 profit was ₹493 Cr, −1.8% year on year. On the full year, FY26 printed ₹1,874 Cr (+10.4%), and the 11-year compound rate is 19.2%.
🚨 Why profit moved: revenue contributed +14.2% and the margin −3.7 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +10.4% vs revenue +23.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Indian Renewable Energy Development Agency Ltd's gross NPA is 3.75% of the loan book in Dec 25, up from 2.68% a year ago. Net of provisions already set aside, 1.68% remains. That is the 2nd straight quarter of improvement. Across the 11 quarters held here the book has ranged 2.19% to 4.13%.
Dec 25: gross NPA at 3.75% and net NPA at 1.68%, against 2.68% / 1.50% a year ago. Over the 11 quarters we hold, the book's worst reading was 4.13% and its best is 2.19%. The ladder has now improved for 2 consecutive quarters.
The synthesis: profit growth at a bank is only as good as the book behind it, and this book is healing on a multi-quarter streak. A note on depth: quarterly provisioning detail is not in our numbers yet, so this ladder reads levels and trend, not the cost of the cleanup.
🚨 Why the ladder moved: recoveries, write-offs and slippages each play a part, and that split sits below what we hold — the numbers show the healing; the driver mix does not travel with them.
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Indian Renewable Energy Development Agency Ltd's revenue grew +23.0% in FY26 to ₹8,310 Cr, so the book is growing. The latest quarter ran +14.2% year on year. The net margin on that income is 22.7%, −3.7 percentage points against a year ago.
FY26 revenue was ₹8,310 Cr, +23.0% on the year, and the latest quarter ran +14.2% year on year. The net margin on that revenue is 22.7% this quarter (−3.7 pp YoY) — growth with a narrowing margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.
Indian Renewable Energy Development Agency Ltd earns a return on equity of 16% in FY26. Its trough over the ladder below was 8% in FY20. For a lender the balance sheet is the operating asset, so equity return and asset return have to be read together.
FY26 ROE came in at 16%, recovered from a FY20 trough of 8%. On assets, the latest reading is about null% — every ₹100 the bank deploys earns roughly null a year. That clears the bar a bank must beat for its book value to compound.
Why ROE moved: profit compounded 19.2% a year over 11 years while the equity base grew more slowly — earnings recovering faster than book value builds is what lifts ROE off a trough.
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 3.2 points of Indian Renewable Energy Development Agency Ltd over 8 quarters, the biggest move on the register. That takes promoters to 71.8% of the company. Domestic institutions moved +2.0 points over the same window, to 2.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −3.2 points over 8 quarters to 71.8%; Domestic institutions: +2.0 points over 8 quarters to 2.4%; Foreign institutions: −0.2 points over 8 quarters to 2.5%.
🚨 Why the register moved: promoters drove it (−3.2 points), absorbed on the other side by domestic institutions (+2.0 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Indian Renewable Energy Development Agency Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Power Finance Corporation LtdPFC | 63.2/100Mixed-positive evidence87% evidence | ASLEEP | 18.9/35 Income 8.4% · PAT 10.2% 67% evidence | 22.6/25 ROA 2.8% · ROE 20.7% · GNPA 0.7% 95% evidence | 15.7/20 P/BV 1.05× · P/BV÷ROE 0.05 100% evidence | 6.0/20 RS sector -8.4% · RS bench 3.4% · 1Y 2.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 18.9 + 22.6 + 15.7 + 6 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2IFCI LtdIFCI | 51.1/100Mixed-positive evidence70% evidence | LEADER | 21.7/35 Income 10.1% · PAT 24.7% 55% evidence | 7.9/25 ROA 1.7% · ROE 2.1% · GNPA — 68% evidence | 3.8/20 P/BV 2.3× · P/BV÷ROE 1.1 70% evidence | 17.7/20 RS sector 12.1% · RS bench 25.9% · 1Y 30.5%10 of 12 weeks ahead 100% evidence |
| Exact sum: 21.7 + 7.9 + 3.8 + 17.7 = 51.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Tourism Finance Corporation of India LtdTFCILTD | 50.8/100Mixed-positive evidence88% evidence | LEADER | 12.2/35 Income -8.3% · PAT 4.9% 86% evidence | 16.7/25 ROA 5.1% · ROE 9.9% · GNPA — 72% evidence | 1.9/20 P/BV 4.74× · P/BV÷ROE 0.48 100% evidence | 20.0/20 RS sector 26.1% · RS bench 42% · 1Y 74.7%8 of 12 weeks ahead 100% evidence |
| Exact sum: 12.2 + 16.7 + 1.9 + 20 = 50.8 · Decision use: Price leads the evidence: RS versus the benchmark is 42%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4Indian Renewable Energy Development Agency Ltdthis pageIREDA | 50.6/100Mixed-positive evidence83% evidence | ASLEEP | 24.0/35 Income 23.2% · PAT 10.3% 88% evidence | 15.9/25 ROA 2.6% · ROE 15.6% · GNPA — 72% evidence | 10.7/20 P/BV 2.44× · P/BV÷ROE 0.16 70% evidence | 0.0/20 RS sector -22.7% · RS bench -12.3% · 1Y -22%3 of 12 weeks ahead 100% evidence |
| Exact sum: 24 + 15.9 + 10.7 + 0 = 50.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is -22%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 5REC LtdRECLTD | 41.8/100Mixed-negative evidence82% evidence | TURNING | 4.9/35 Income 2% · PAT -5.1% 86% evidence | 15.8/25 ROA 2.5% · ROE 20% · GNPA — 72% evidence | 14.5/20 P/BV 1.15× · P/BV÷ROE 0.06 100% evidence | 6.6/20 RS sector -13.8% · RS bench 2.4% · 1Y -6.9%0 of 10 weeks ahead 70% evidence |
| Exact sum: 4.9 + 15.8 + 14.5 + 6.6 = 41.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 6Haryana Financial Corporation LtdHARAFIN | 47.7/100Thin evidence · provisional15% evidence | 19.4/35 Income 100% · PAT 100% 18% evidence | 9.3/25 ROA — · ROE 0% · GNPA — 26% evidence | 9.0/20 P/BV 7.41× · P/BV÷ROE — 10% evidence | 10.0/20 RS sector — · RS bench — · 1Y 31.3%0 of 2 weeks ahead to 2026-02-22 0% evidence | |
| Exact sum: 19.4 + 9.3 + 9 + 10 = 47.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Indian Renewable Energy Development Agency Ltd's share price today?
Indian Renewable Energy Development Agency Ltd trades at ₹120, −17.9% over the past year. The company is valued at ₹33,596 Cr. The stock sits at 11% of its 52-week range of ₹114–₹161, −9.9% versus its 200-day average. On the tape, the price is in a downtrend, 75 weeks in. — as of 31 July 2026.
What were Indian Renewable Energy Development Agency Ltd's latest quarterly results?
Indian Renewable Energy Development Agency Ltd reported total income of ₹2,175 Cr and net profit of ₹493 Cr for the Mar 26 quarter. Income rose 14.2% and profit fell 1.8% year on year. Earnings per share were ₹1.75. The net margin was 22.7%, 3.7 pp lower than a year earlier. — as of 31 July 2026.
What is Indian Renewable Energy Development Agency Ltd's revenue?
Indian Renewable Energy Development Agency Ltd reported revenue of ₹2,175 Cr in the Mar 26 quarter, +14.2% year on year. For the full FY26 fiscal year, revenue was ₹8,310 Cr (+23.0%). Over the last 11 years revenue compounded at 20.0% a year. — as of 31 July 2026.
What is Indian Renewable Energy Development Agency Ltd's profit?
Indian Renewable Energy Development Agency Ltd earned ₹493 Cr of net profit in the Mar 26 quarter, −1.8% year on year. Full-year FY26 profit was ₹1,874 Cr. The net margin ran 22.7% in the latest quarter. — as of 31 July 2026.
What is Indian Renewable Energy Development Agency Ltd's market cap?
Indian Renewable Energy Development Agency Ltd's market capitalisation is ₹33,596 Cr at a share price of ₹120. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Indian Renewable Energy Development Agency Ltd's P/BV ratio?
Indian Renewable Energy Development Agency Ltd trades at a P/BV of 2.4×, at the 2nd percentile of its own 2-year range, against a long-run median of 4.1×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Indian Renewable Energy Development Agency Ltd pay a dividend?
Yes — Indian Renewable Energy Development Agency Ltd's dividend payout was 20% of profit in FY26, and it recorded a payout in 4 of its last 11 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Indian Renewable Energy Development Agency Ltd overvalued?
On its own history, Indian Renewable Energy Development Agency Ltd looks cheap against its own history: its P/BV of 2.4× has been cheaper only 2% of the time in 2 years (long-run median 4.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Indian Renewable Energy Development Agency Ltd growing?
Not right now — Indian Renewable Energy Development Agency Ltd's latest numbers are shrinking: latest-quarter revenue +14.2% year on year, profit −1.8%, and the the net margin −3.7 pp at 22.7%. The 11-year compound rates are 20.0% (revenue) and 19.2% (profit). The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is Indian Renewable Energy Development Agency Ltd performing?
Indian Renewable Energy Development Agency Ltd is in a downtrend, 75 weeks in. Its latest quarter's income rose 14.2% and profit fell 1.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 8 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Indian Renewable Energy Development Agency Ltd in?
Topping out — revenue and profit growth have decelerated hard (revenue growth +38.5% at its peak → +14.2% latest) while ROE still reads 13.6%. The read comes from the last 12 quarters of growth (revenue growth +14.2% latest, profit growth −1.8% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Indian Renewable Energy Development Agency Ltd in an uptrend?
No — the price is in a downtrend (week 75 of stage 4), trading −9.9% versus its 200-day average and at 11% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Indian Renewable Energy Development Agency Ltd beating the market?
Not lately — on a trailing-13-week view Indian Renewable Energy Development Agency Ltd is currently behind the NIFTY 500 (8 weeks and counting; last ahead the week of 2026-06-19), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.7 years the stock moved +91% against the NIFTY 500's +26% — ahead of the index over the full window. — as of 31 July 2026.
Will Indian Renewable Energy Development Agency Ltd's share price go up?
This page publishes no price forecast for Indian Renewable Energy Development Agency Ltd. What it measures instead: the share price is ₹120, the price is in a downtrend 75 weeks in. Its P/BV of 2.4× sits at the 2nd percentile of its own 2-year range. — as of 31 July 2026.
Who owns Indian Renewable Energy Development Agency Ltd?
Promoters hold 71.8% of Indian Renewable Energy Development Agency Ltd, foreign institutions 2.5%, domestic institutions 2.4% and the public 23.4% (latest quarter). The biggest move on the register over the last two years: Promoters cut 3.2 points over 8 quarters. — as of 31 July 2026.
Is Indian Renewable Energy Development Agency Ltd's loan book healthy?
Gross NPA is 3.75% of Indian Renewable Energy Development Agency Ltd's loan book, up from 2.68% a year ago — the 2nd straight quarter of improvement, and net NPA stands at 1.68%. Falling NPAs are a loan book healing; rising NPAs are damage arriving — as of 31 July 2026.
Where is Indian Renewable Energy Development Agency Ltd in its business cycle?
Indian Renewable Energy Development Agency Ltd's FY26 net margin was 22.6%, against a 11-year band of 9.1%–25.2%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 22.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Indian Renewable Energy Development Agency Ltd story?
The sharpest disagreement: the P/BV sits at the 2nd percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Indian Renewable Energy Development Agency Ltd a stock worth studying right now?
This is not investment advice. The machine read: Indian Renewable Energy Development Agency Ltd is cheap for a reason. The P/BV sits at the 2nd percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the quarters turn before the discount closes. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.