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IREDA share price today

Indian Renewable Energy Development Agency Ltd · NSE: IREDA · Finance - PSU Lending · price as of the 4 November 2026 close, updated every trading day · results updated weekly

IREDA share price today: ₹106.00 at the NSE close on 4 November 2026, down 29.0% in a year. Indian Renewable Energy Development Agency (NSE: IREDA) is worth ₹29,778 crore, trades at a P/BV of 2.1 and has closed between ₹99.50 and ₹149.61 over the past 52 weeks. Latest change: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare).

Growing steadilyBusiness trend from the last 12 quarters
₹106.00Price −29.0% in a year
2.1×P/BV lower than 98% of the last 2.8 years
₹2,344 CrRevenue (Sep 2026) +14.0% on a year ago
₹554 CrProfit (Sep 2026) +0.9% on a year ago
23.6%Net margin −3.1 points on a year ago
16%ROE FY26
3.76%Gross NPA (bad loans) −0.37 points on a year ago

Indian Renewable Energy Development Agency Ltd's earnings have grown faster than its share price. Earnings per share grew +5.5% in a year while the price moved −29.0%.

The main question: yearly earnings per share moved +5.5% while the share price moved −29.0%.

The price has been falling for 88 weeks, and the P/BV is lower than 98% of its own last 2.8 years. Over the last four quarters, results have been improving, with profit +0.9% on a year earlier, and gross NPA has eased to 3.76%. What will decide it: whether the price catches up with earnings that have already grown.

What is the IREDA share price today?

Indian Renewable Energy Development Agency Ltd's share price was ₹106.00 at the close on 4 November 2026. It has been falling for 88 weeks. That is 13.5% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indian Renewable Energy Development Agency Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹100 and ₹150, and at that close it sat 13% of the way up from that low.

1Y

Nov 2026: ₹106, 13.5% below its 200-day average. The price has been falling for 88 weeks.

  • Price ₹106
  • 50-day avg ₹109
  • 200-day avg ₹123
Nov 2026: ₹106, 13.5% below its 200-day average. The price has been falling for 88 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹152₹152₹163
7 Nov 2025₹149₹152₹163
14 Nov 2025₹150₹151₹162
21 Nov 2025₹144₹151₹161
28 Nov 2025₹143₹149₹161
5 Dec 2025₹133₹147₹159
12 Dec 2025₹136₹145₹158
19 Dec 2025₹133₹143₹157
26 Dec 2025₹141₹142₹156
2 Jan 2026₹147₹142₹155
9 Jan 2026₹137₹142₹155
16 Jan 2026₹136₹141₹154
23 Jan 2026₹127₹139₹153
1 Feb 2026₹128₹138₹152
6 Feb 2026₹128₹136₹151
13 Feb 2026₹124₹135₹150
20 Feb 2026₹127₹133₹149
27 Feb 2026₹122₹132₹147
6 Mar 2026₹117₹129₹146
13 Mar 2026₹115₹127₹145
20 Mar 2026₹116₹125₹143
27 Mar 2026₹114₹123₹142
2 Apr 2026₹115₹122₹141
10 Apr 2026₹124₹122₹140
17 Apr 2026₹133₹123₹140
24 Apr 2026₹136₹125₹140
30 Apr 2026₹135₹127₹139
8 May 2026₹135₹128₹139
15 May 2026₹127₹128₹139
22 May 2026₹129₹128₹138
29 May 2026₹133₹129₹138
4 Jun 2026₹123₹128₹137
5 Jun 2026₹123₹128₹137
10 Jun 2026₹121₹127₹137
12 Jun 2026₹122₹126₹136
17 Jun 2026₹126₹126₹136
19 Jun 2026₹127₹126₹136
24 Jun 2026₹128₹127₹136
25 Jun 2026₹127₹127₹136
1 Jul 2026₹128₹127₹135
3 Jul 2026₹128₹127₹135
10 Jul 2026₹126₹127₹135
17 Jul 2026₹122₹126₹134
24 Jul 2026₹120₹125₹133
31 Jul 2026₹120₹124₹133
7 Aug 2026₹120₹123₹132
14 Aug 2026₹116₹122₹132
21 Aug 2026₹115₹121₹131
28 Aug 2026₹117₹121₹130
4 Sep 2026₹114₹119₹129
11 Sep 2026₹112₹118₹128
18 Sep 2026₹114₹117₹128
25 Sep 2026₹113₹116₹127
28 Sep 2026₹115₹116₹127
1 Oct 2026₹111₹115₹126
9 Oct 2026₹104₹114₹125
16 Oct 2026₹109₹113₹125
23 Oct 2026₹100₹111₹124
30 Oct 2026₹100₹109₹123
4 Nov 2026₹106₹109₹123
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹106, 13.5% below its 200-day average. The price has been falling for 88 weeks.

  • Price ₹106
  • 50-day avg ₹109
  • 200-day avg ₹123
Nov 2026: ₹106, 13.5% below its 200-day average. The price has been falling for 88 weeks.
WeekPrice50-day avg200-day avg
1 Dec 2023₹63₹60₹60
8 Dec 2023₹71₹61₹60
15 Dec 2023₹108₹69₹63
22 Dec 2023₹110₹77₹65
29 Dec 2023₹103₹80₹66
5 Jan 2024₹105₹85₹68
12 Jan 2024₹111₹88₹70
20 Jan 2024₹149₹97₹73
25 Jan 2024₹170₹104₹76
2 Feb 2024₹195₹119₹81
9 Feb 2024₹180₹133₹87
16 Feb 2024₹178₹140₹91
23 Feb 2024₹159₹145₹95
2 Mar 2024₹161₹147₹98
7 Mar 2024₹148₹147₹100
15 Mar 2024₹129₹144₹102
22 Mar 2024₹139₹142₹103
28 Mar 2024₹136₹142₹104
5 Apr 2024₹176₹144₹107
12 Apr 2024₹167₹148₹109
19 Apr 2024₹161₹150₹111
26 Apr 2024₹171₹153₹114
3 May 2024₹180₹157₹117
10 May 2024₹165₹159₹119
18 May 2024₹176₹162₹122
24 May 2024₹186₹166₹125
31 May 2024₹185₹169₹128
7 Jun 2024₹181₹171₹130
14 Jun 2024₹179₹173₹133
21 Jun 2024₹188₹174₹134
28 Jun 2024₹190₹177₹137
5 Jul 2024₹229₹184₹141
12 Jul 2024₹284₹198₹147
19 Jul 2024₹272₹209₹152
26 Jul 2024₹258₹219₹157
2 Aug 2024₹255₹226₹162
9 Aug 2024₹243₹229₹166
16 Aug 2024₹240₹231₹169
23 Aug 2024₹260₹234₹173
30 Aug 2024₹242₹237₹177
6 Sep 2024₹227₹237₹180
13 Sep 2024₹232₹236₹182
20 Sep 2024₹232₹235₹184
27 Sep 2024₹232₹233₹187
4 Oct 2024₹222₹232₹188
11 Oct 2024₹229₹231₹190
18 Oct 2024₹216₹229₹191
25 Oct 2024₹191₹224₹192
1 Nov 2024₹212₹221₹193
8 Nov 2024₹201₹218₹193
14 Nov 2024₹190₹214₹193
22 Nov 2024₹186₹210₹193
29 Nov 2024₹205₹208₹193
6 Dec 2024₹221₹209₹194
13 Dec 2024₹217₹211₹196
20 Dec 2024₹206₹211₹196
27 Dec 2024₹197₹209₹196
3 Jan 2025₹231₹212₹198
10 Jan 2025₹201₹212₹198
17 Jan 2025₹207₹211₹199
24 Jan 2025₹195₹209₹199
1 Feb 2025₹194₹206₹199
7 Feb 2025₹189₹203₹198
14 Feb 2025₹168₹198₹197
21 Feb 2025₹177₹193₹196
28 Feb 2025₹156₹189₹195
7 Mar 2025₹150₹181₹192
13 Mar 2025₹140₹176₹190
21 Mar 2025₹155₹171₹188
28 Mar 2025₹161₹170₹187
4 Apr 2025₹156₹168₹186
11 Apr 2025₹154₹166₹185
17 Apr 2025₹173₹167₹184
25 Apr 2025₹168₹168₹184
2 May 2025₹166₹168₹183
9 May 2025₹156₹167₹182
16 May 2025₹173₹167₹182
23 May 2025₹172₹168₹181
30 May 2025₹175₹169₹181
6 Jun 2025₹175₹170₹180
13 Jun 2025₹167₹172₹180
20 Jun 2025₹165₹170₹180
27 Jun 2025₹170₹170₹179
4 Jul 2025₹167₹170₹179
11 Jul 2025₹160₹169₹178
18 Jul 2025₹157₹167₹177
25 Jul 2025₹153₹165₹176
1 Aug 2025₹146₹162₹175
8 Aug 2025₹142₹159₹173
14 Aug 2025₹144₹157₹172
22 Aug 2025₹147₹155₹171
29 Aug 2025₹141₹153₹170
5 Sep 2025₹146₹152₹169
12 Sep 2025₹147₹151₹167
19 Sep 2025₹161₹152₹167
26 Sep 2025₹146₹152₹166
3 Oct 2025₹154₹152₹166
10 Oct 2025₹151₹151₹165
17 Oct 2025₹151₹152₹164
24 Oct 2025₹153₹152₹164
31 Oct 2025₹152₹152₹163
7 Nov 2025₹149₹152₹163
14 Nov 2025₹150₹151₹162
21 Nov 2025₹144₹151₹161
28 Nov 2025₹143₹149₹161
5 Dec 2025₹133₹147₹159
12 Dec 2025₹136₹145₹158
19 Dec 2025₹133₹143₹157
26 Dec 2025₹141₹142₹156
2 Jan 2026₹147₹142₹155
9 Jan 2026₹137₹142₹155
16 Jan 2026₹136₹141₹154
23 Jan 2026₹127₹139₹153
1 Feb 2026₹128₹138₹152
6 Feb 2026₹128₹136₹151
13 Feb 2026₹124₹135₹150
20 Feb 2026₹127₹133₹149
27 Feb 2026₹122₹132₹147
6 Mar 2026₹117₹129₹146
13 Mar 2026₹115₹127₹145
20 Mar 2026₹116₹125₹143
27 Mar 2026₹114₹123₹142
2 Apr 2026₹115₹122₹141
10 Apr 2026₹124₹122₹140
17 Apr 2026₹133₹123₹140
24 Apr 2026₹136₹125₹140
30 Apr 2026₹135₹127₹139
8 May 2026₹135₹128₹139
15 May 2026₹127₹128₹139
22 May 2026₹129₹128₹138
29 May 2026₹133₹129₹138
4 Jun 2026₹123₹128₹137
5 Jun 2026₹123₹128₹137
10 Jun 2026₹121₹127₹137
12 Jun 2026₹122₹126₹136
17 Jun 2026₹126₹126₹136
19 Jun 2026₹127₹126₹136
24 Jun 2026₹128₹127₹136
25 Jun 2026₹127₹127₹136
1 Jul 2026₹128₹127₹135
3 Jul 2026₹128₹127₹135
10 Jul 2026₹126₹127₹135
17 Jul 2026₹122₹126₹134
24 Jul 2026₹120₹125₹133
31 Jul 2026₹120₹124₹133
7 Aug 2026₹120₹123₹132
14 Aug 2026₹116₹122₹132
21 Aug 2026₹115₹121₹131
28 Aug 2026₹117₹121₹130
4 Sep 2026₹114₹119₹129
11 Sep 2026₹112₹118₹128
18 Sep 2026₹114₹117₹128
25 Sep 2026₹113₹116₹127
28 Sep 2026₹115₹116₹127
1 Oct 2026₹111₹115₹126
9 Oct 2026₹104₹114₹125
16 Oct 2026₹109₹113₹125
23 Oct 2026₹100₹111₹124
30 Oct 2026₹100₹109₹123
4 Nov 2026₹106₹109₹123
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Falling from Oct 2025 to Oct 2026.

Price stage: Falling in Dec 2023; Rising from Dec 2023 to Feb 2025; Falling from Feb 2025 to Oct 2026.

Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 44 of 147 weeks

Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
1 Dec 2023no NIFTY 500 reading
8 Dec 2023no NIFTY 500 reading
15 Dec 2023no NIFTY 500 reading
22 Dec 2023no NIFTY 500 reading
29 Dec 2023no NIFTY 500 reading
5 Jan 2024no NIFTY 500 reading
12 Jan 2024no NIFTY 500 reading
20 Jan 2024no NIFTY 500 reading
25 Jan 2024no NIFTY 500 reading
2 Feb 2024no NIFTY 500 reading
9 Feb 2024no NIFTY 500 reading
16 Feb 2024no NIFTY 500 reading
23 Feb 2024no NIFTY 500 reading
2 Mar 2024+151.2%
7 Mar 2024+104.0%
15 Mar 2024+14.3%
22 Mar 2024+22.1%
28 Mar 2024+25.8%
5 Apr 2024+60.7%
12 Apr 2024+46.2%
19 Apr 2024+1.4%
26 Apr 2024−5.5%
3 May 2024−10.9%
10 May 2024−12.4%
18 May 2024−6.4%
24 May 2024+10.2%
31 May 2024+7.7%
7 Jun 2024+10.5%
14 Jun 2024+25.9%
21 Jun 2024+23.6%
28 Jun 2024+29.2%
5 Jul 2024+19.8%
12 Jul 2024+56.4%
19 Jul 2024+58.8%
26 Jul 2024+39.1%
2 Aug 2024+31.3%
9 Aug 2024+38.5%
16 Aug 2024+26.2%
23 Aug 2024+29.2%
30 Aug 2024+17.9%
6 Sep 2024+18.6%
13 Sep 2024+21.8%
20 Sep 2024+15.3%
27 Sep 2024+15.7%
4 Oct 2024−5.8%
11 Oct 2024−21.6%
18 Oct 2024−20.2%
25 Oct 2024−22.6%
1 Nov 2024−17.5%
8 Nov 2024−14.3%
14 Nov 2024−15.1%
22 Nov 2024−24.8%
29 Nov 2024−12.3%
6 Dec 2024−2.0%
13 Dec 2024−2.1%
20 Dec 2024−3.1%
27 Dec 2024−7.4%
3 Jan 2025+9.8%
10 Jan 2025−3.0%
17 Jan 2025+2.1%
24 Jan 2025+8.5%
1 Feb 2025−3.1%
7 Feb 2025−1.4%
14 Feb 2025−5.6%
21 Feb 2025+5.6%
28 Feb 2025−11.6%
7 Mar 2025−19.1%
13 Mar 2025−26.7%
21 Mar 2025−19.9%
28 Mar 2025−13.5%
4 Apr 2025−23.7%
11 Apr 2025−22.7%
17 Apr 2025−20.2%
25 Apr 2025−17.7%
2 May 2025−15.9%
9 May 2025−24.7%
16 May 2025−6.6%
23 May 2025−14.7%
30 May 2025−0.6%
6 Jun 2025+1.7%
13 Jun 2025+9.7%
20 Jun 2025−2.9%
27 Jun 2025−5.2%
4 Jul 2025−9.2%
11 Jul 2025−5.9%
18 Jul 2025−14.6%
25 Jul 2025−13.1%
1 Aug 2025−14.8%
8 Aug 2025−9.9%
14 Aug 2025−18.8%
22 Aug 2025−14.1%
29 Aug 2025−19.8%
5 Sep 2025−15.7%
12 Sep 2025−14.2%
19 Sep 2025−2.0%
26 Sep 2025−11.1%
3 Oct 2025−5.6%
10 Oct 2025−5.2%
17 Oct 2025−5.4%
24 Oct 2025−3.9%
31 Oct 2025−0.2%
7 Nov 2025−0.1%
14 Nov 2025+0.7%
21 Nov 2025−7.3%
28 Nov 2025−2.0%
5 Dec 2025−9.8%
12 Dec 2025−7.8%
19 Dec 2025−20.1%
26 Dec 2025−7.7%
2 Jan 2026−8.8%
9 Jan 2026−9.9%
16 Jan 2026−5.9%
23 Jan 2026−13.3%
1 Feb 2026−14.6%
6 Feb 2026−13.9%
13 Feb 2026−16.3%
20 Feb 2026−10.0%
27 Feb 2026−8.9%
6 Mar 2026−8.1%
13 Mar 2026−8.9%
20 Mar 2026−2.7%
27 Mar 2026−6.6%
2 Apr 2026−13.8%
10 Apr 2026−5.7%
17 Apr 2026−3.1%
24 Apr 2026+7.6%
30 Apr 2026+6.6%
8 May 2026+10.2%
15 May 2026+7.6%
22 May 2026+5.1%
29 May 2026+7.9%
4 Jun 2026+5.2%
5 Jun 2026+5.0%
10 Jun 2026−1.6%
12 Jun 2026−1.1%
17 Jun 2026+5.5%
19 Jun 2026+0.3%
24 Jun 2026−4.7%
25 Jun 2026−7.3%
1 Jul 2026−6.0%
3 Jul 2026−8.0%
10 Jul 2026−4.2%
17 Jul 2026−8.7%
24 Jul 2026−10.7%
31 Jul 2026−7.4%
7 Aug 2026−8.5%
14 Aug 2026−8.0%
21 Aug 2026−10.0%
28 Aug 2026−9.1%
4 Sep 2026−11.1%
11 Sep 2026−11.3%
18 Sep 2026−9.1%
25 Sep 2026−8.5%
28 Sep 2026−4.1%
1 Oct 2026−5.8%
9 Oct 2026−7.9%
16 Oct 2026−6.9%
23 Oct 2026−7.5%
30 Oct 2026−9.3%
4 Nov 2026−1.6%
Each bar is one week, from 2023 to now (147 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 2.9 years the share price moved +69% while the NIFTY 500 moved +17%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at IREDA this quarter?

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), foreign funds (FIIs) raised their stake for 4 quarters in a row and highest quarterly revenue in 16 quarters.

  1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

    In the September 2026 quarter revenue was ₹2,344 crore, +14% on a year earlier.

  2. Foreign funds (FIIs) raised their stake for 4 quarters in a row

    From 1.9% to 2.6% of the company by the September 2026 quarter.

  3. Highest quarterly revenue in 16 quarters

    Revenue of ₹2,344 crore in the September 2026 quarter is the highest of the last 16 quarters.

What dividend does IREDA pay?

IREDA paid ₹1.35 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.27% at the ₹106.00 close on 4 November 2026. The last was a dividend of ₹0.75 a share, ex-date 11 September 2026.

IREDA dividends since 1 April 2021

IREDA dividends since 1 April 2021
Ex-dateDividend per shareType
11 Sep 2026Dividend₹0.75Dividend
2 Apr 2026Interim₹0.60Interim

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

0 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Indian Renewable Energy Development Agency Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

What are IREDA's latest quarterly results?

For July to September 2026 (the quarter ended 30 September 2026), IREDA reported total income of ₹2,344 crore, up 14.0% from ₹2,057 crore a year earlier, and a profit of ₹554 crore, up 0.9% from ₹549 crore.

IREDA results: July to September 2026 against a year earlier

IREDA results: July to September 2026 against a year earlier
MeasureJuly to September 2026July to September 2025Change
Total income₹2,344 crore₹2,057 crore+14.0%
Profit₹554 crore₹549 crore+0.9%
Earnings per share₹1.97₹1.95+1.0%
Net margin23.6%26.7%−3.1 points

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

What is the IREDA share price history?

IREDA closed at ₹106.00 on 4 November 2026, down 29.0% from ₹149.37 a year earlier (7 November 2025) and up 68.9% over three years. Its highest weekly close since December 2023 was ₹284.26 on 12 July 2024.

IREDA share price: then and now

IREDA share price: then and now
WhenCloseChange to 4 Nov 2026
1 week ago · 30 Oct 2026₹99.50+6.5%
1 month ago · 1 Oct 2026₹111.00−4.5%
6 months ago · 8 May 2026₹134.60−21.2%
1 year ago · 7 Nov 2025₹149.37−29.0%
3 years ago · 1 Dec 2023₹62.75+68.9%
Earliest and lowest weekly close in our records · 1 Dec 2023₹62.75+68.9%
Highest weekly close since December 2023 · 12 Jul 2024₹284.26−62.7%
52-week high (weekly close) · 14 Nov 2025₹149.61−29.1%
52-week low (weekly close) · 30 Oct 2026₹99.50+6.5%

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

160 weekly closes from 1 December 2023 to 4 November 2026.

What is the latest news on IREDA?

4 Nov 2026: IREDA closed at ₹106.00, up 6.5% on the week and down 4.5% on the month. Results for July to September 2026: Total income up 14.0% and profit up 0.9% on a year earlier.

Earlier

  • 11 Sep 2026: ex-date for a dividend of ₹0.75 a share.
  • 2 Apr 2026: ex-date for an interim dividend of ₹0.60 a share.

Which stock lists is IREDA on?

IREDA is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Power & green energy stocks.

Is IREDA profitable?

Indian Renewable Energy Development Agency Ltd earned ₹554 Cr of net profit in the Sep 2026 quarter, +0.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹1,873 Cr. Over 10 years profit has grown 20.2% a year on average. That is 23.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹549 Cr.

For the full year, FY26 profit was ₹1,873 Cr (+10.2% on the year before).

FY26 profit ₹1,873 Cr (+10.2% on the year before), 20.2% a year over 10 years

  • Net profit ₹1,873
FY26 profit ₹1,873 Cr (+10.2% on the year before), 20.2% a year over 10 years
QuarterNet profit
FY16₹298
FY17₹210
FY18₹405
FY19₹250
FY20₹215
FY21₹346
FY22₹634
FY23₹865
FY24₹1,252
FY25₹1,699
FY26₹1,873

Growth on a year earlier

  • Growth on a year earlier 10.2%
Growth on a year earlier
QuarterGrowth on a year earlier
FY169.6%
FY17−29.5%
FY1892.9%
FY19−38.3%
FY20−14%
FY2160.9%
FY2283.2%
FY2336.4%
FY2444.7%
FY2535.7%
FY2610.2%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Sep 2026: ₹554 Cr (+0.9% on a year earlier), the 2nd quarter in a row of growth

  • Net profit (quarterly) ₹554
Sep 2026: ₹554 Cr (+0.9% on a year earlier), the 2nd quarter in a row of growth
QuarterNet profit (quarterly)
Dec 2023₹336
Mar 2024₹337
Jun 2024₹384
Sep 2024₹388
Dec 2024₹425
Mar 2025₹502
Jun 2025₹247
Sep 2025₹549
Dec 2025₹585
Mar 2026₹493
Jun 2026₹338
Sep 2026₹554

Growth on a year earlier

  • Growth on a year earlier 0.9%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 202367.2%
Mar 202432.7%
Jun 202430.2%
Sep 202436.1%
Dec 202426.5%
Mar 202549%
Jun 2025−35.7%
Sep 202541.5%
Dec 202537.6%
Mar 2026−1.8%
Jun 202636.8%
Sep 20260.9%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +14.0% on a year earlier and the margin moved −3.1 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +18.4% and revenue +17.3%. Profit and revenue are moving at about the same pace.

How much revenue does IREDA make, and is it growing?

Indian Renewable Energy Development Agency Ltd reported ₹2,344 Cr of income in the Sep 2026 quarter, +14.0% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 21.7% a year on average. The last full year, FY26, came in at ₹8,337 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

The last four reported quarters add to ₹8,897 Cr.

FY26 revenue was ₹8,337 Cr, +23.4% on the year before.

FY26 revenue ₹8,337 Cr (+23.4% on the year before), 21.7% a year over 10 years

  • Revenue ₹8,337
FY26 revenue ₹8,337 Cr (+23.4% on the year before), 21.7% a year over 10 years
QuarterRevenue
FY16₹1,174
FY17₹1,331
FY18₹1,810
FY19₹2,020
FY20₹2,369
FY21₹2,655
FY22₹2,860
FY23₹3,483
FY24₹4,965
FY25₹6,754
FY26₹8,337

Growth on a year earlier

  • Growth on a year earlier 23.4%
Growth on a year earlier
QuarterGrowth on a year earlier
FY165%
FY1713.4%
FY1836%
FY1911.6%
FY2017.3%
FY2112.1%
FY227.7%
FY2321.8%
FY2442.5%
FY2536%
FY2623.4%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 11-year window. A grey bar is lower than the year before.

Sep 2026: ₹2,344 Cr (+14.0% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) ₹2,344
Sep 2026: ₹2,344 Cr (+14.0% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023₹1,253
Mar 2024₹1,391
Jun 2024₹1,510
Sep 2024₹1,630
Dec 2024₹1,698
Mar 2025₹1,904
Jun 2025₹1,947
Sep 2025₹2,057
Dec 2025₹2,130
Mar 2026₹2,175
Jun 2026₹2,248
Sep 2026₹2,344

Growth on a year earlier

  • Growth on a year earlier 14%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 202344.2%
Mar 202434.3%
Jun 202432.1%
Sep 202438.5%
Dec 202435.5%
Mar 202536.9%
Jun 202528.9%
Sep 202526.2%
Dec 202525.4%
Mar 202614.2%
Jun 202615.5%
Sep 202614%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +17.3% on average, against 21.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +17.0%, against +24.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +14.3%, against +16.8% a year (stabilising).

How much does IREDA keep from what it earns?

Indian Renewable Energy Development Agency Ltd's net margin was 23.6% in the Sep 2026 quarter, 3.1 percentage points lower than the same quarter a year ago. Across 12 years it has been between 9.1% and 25.4%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

FY26: 22.5%, within a range of 9.1% to 25.4% over 12 years

  • Net margin 22.5%
FY26: 22.5%, within a range of 9.1% to 25.4% over 12 years
QuarterNet margin
FY1524.3%
FY1625.4%
FY1715.8%
FY1822.4%
FY1912.4%
FY209.1%
FY2113%
FY2222.2%
FY2324.8%
FY2425.2%
FY2525.2%
FY2622.5%

Change on the year before (points)

  • Change on the year before (points) −2.7 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY15–
FY16+1.1 pts
FY17−9.6 pts
FY18+6.6 pts
FY19−10.0 pts
FY20−3.3 pts
FY21+3.9 pts
FY22+9.2 pts
FY23+2.6 pts
FY24+0.4 pts
FY250.0 pts
FY26−2.7 pts
Net margin each year, % (top). Below: change on the year before, in percentage points. 12-year window.

Sep 2026: net margin 23.6% (−3.1 points on a year earlier)

  • Net margin 23.6%
Sep 2026: net margin 23.6% (−3.1 points on a year earlier)
QuarterNet margin
Dec 202326.8%
Mar 202424.2%
Jun 202425.4%
Sep 202423.8%
Dec 202425%
Mar 202526.4%
Jun 202512.7%
Sep 202526.7%
Dec 202527.5%
Mar 202622.7%
Jun 202615%
Sep 202623.6%

Change on a year earlier (points)

  • Change on a year earlier (points) −3.1 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023+3.7 pts
Mar 2024−0.3 pts
Jun 2024−0.4 pts
Sep 2024−0.4 pts
Dec 2024−1.8 pts
Mar 2025+2.2 pts
Jun 2025−12.7 pts
Sep 2025+2.9 pts
Dec 2025+2.5 pts
Mar 2026−3.7 pts
Jun 2026+2.3 pts
Sep 2026−3.1 pts
Top: quarterly net margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Net profit as a share of total revenue, each quarter.

How many of IREDA's loans have gone bad?

Indian Renewable Energy Development Agency Ltd's gross NPA, the share of loans that have stopped being repaid, is 3.76% in Jun 2026, down from 4.13% a year ago. After the money already set aside for bad loans, 1.22% is left (net NPA). Across the 11 quarters on file it has been between 2.19% and 4.13%.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Jun 2026, gross NPA was 3.76% and net NPA 1.22%, against 4.13% and 2.06% a year ago.

The bad-loan figures stop at Jun 2026, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated.

Year ends: gross NPA 2.90% (Mar 2024) to 3.49% (Mar 2026)

  • Gross NPA 3.49%
  • Net NPA 1.29%
Year ends: gross NPA 2.90% (Mar 2024) to 3.49% (Mar 2026)
QuarterGross NPANet NPA
Mar 20242.9%1.52%
Mar 20252.45%1.35%
Mar 20263.49%1.29%
Gross and net NPA at each year end, % of the loan book (lines). 3 year ends on file. The gap between the two lines is the part already set aside.

Jun 2026: gross NPA 3.76% (−0.37 points on a year earlier)

  • Gross NPA 3.76%
  • Net NPA 1.22%
Jun 2026: gross NPA 3.76% (−0.37 points on a year earlier)
QuarterGross NPANet NPA
Dec 20232.9%1.52%
Mar 20242.9%1.52%
Jun 20242.19%0.95%
Sep 20242.19%1.04%
Dec 20242.68%1.5%
Mar 20252.45%1.35%
Jun 20254.13%2.06%
Sep 20253.97%1.97%
Dec 20253.75%1.68%
Mar 20263.49%1.29%
Jun 20263.76%1.22%
Gross and net NPA as % of the loan book, each quarter, last 11 quarters.

In short: a lender's profit growth is only as good as its loans, and this loan book is better than a year ago. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

How fast is IREDA's loan book growing?

Indian Renewable Energy Development Agency Ltd's revenue was ₹8,337 Cr in FY26, +23.4% on the year before, so the loan book is growing. The latest quarter was +14.0% on a year earlier. The net margin on that income is 23.6%, −3.1 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

FY26: revenue ₹8,337 Cr (+23.4% on the year before), net margin 22.5%

  • Revenue ₹8,337
FY26: revenue ₹8,337 Cr (+23.4% on the year before), net margin 22.5%
QuarterRevenue
FY16₹1,174
FY17₹1,331
FY18₹1,810
FY19₹2,020
FY20₹2,369
FY21₹2,655
FY22₹2,860
FY23₹3,483
FY24₹4,965
FY25₹6,754
FY26₹8,337

Net margin

  • Net margin 22.5%
Net margin
QuarterNet margin
FY1625.4%
FY1715.8%
FY1822.4%
FY1912.4%
FY209.1%
FY2113%
FY2222.2%
FY2324.8%
FY2425.2%
FY2525.2%
FY2622.5%
Top: revenue each year, ₹ Cr. Below: net margin, %. 11-year window. A grey bar is lower than the year before.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

What is IREDA's P/BV ratio, and how does it compare with its own history?

Indian Renewable Energy Development Agency Ltd's P/BV is 2.1×, about the lowest it has ever been. Its usual P/BV (the middle reading) is 4.1×, over 2.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

P/BV 2.1× against a usual 4.1×: about the lowest it has ever been

  • P/BV 1.90×
  • Median 4.10×
P/BV 2.1× against a usual 4.1×: about the lowest it has ever been
WeekP/BVMedian
20 Jan 20246.10×4.10×
25 Jan 20246.90×4.10×
2 Feb 20248.00×4.10×
9 Feb 20247.30×4.10×
16 Feb 20247.30×4.10×
23 Feb 20246.50×4.10×
2 Mar 20246.60×4.10×
7 Mar 20246.00×4.10×
15 Mar 20245.30×4.10×
22 Mar 20245.70×4.10×
28 Mar 20245.50×4.10×
19 Apr 20245.00×4.10×
26 Apr 20245.40×4.10×
3 May 20245.60×4.10×
10 May 20245.20×4.10×
18 May 20245.50×4.10×
24 May 20245.80×4.10×
31 May 20245.80×4.10×
7 Jun 20245.70×4.10×
14 Jun 20245.60×4.10×
21 Jun 20245.90×4.10×
28 Jun 20246.00×4.10×
5 Jul 20247.20×4.10×
12 Jul 20248.10×4.10×
19 Jul 20248.10×4.10×
26 Jul 20248.10×4.10×
2 Aug 20248.00×4.10×
9 Aug 20247.60×4.10×
16 Aug 20247.50×4.10×
23 Aug 20248.10×4.10×
30 Aug 20247.60×4.10×
6 Sep 20247.10×4.10×
13 Sep 20247.30×4.10×
20 Sep 20247.30×4.10×
27 Sep 20247.30×4.10×
4 Oct 20246.40×4.10×
11 Oct 20246.60×4.10×
18 Oct 20246.20×4.10×
25 Oct 20245.50×4.10×
1 Nov 20246.10×4.10×
8 Nov 20245.80×4.10×
14 Nov 20245.50×4.10×
22 Nov 20245.30×4.10×
29 Nov 20245.90×4.10×
6 Dec 20246.40×4.10×
13 Dec 20246.30×4.10×
20 Dec 20245.90×4.10×
27 Dec 20245.70×4.10×
3 Jan 20256.60×4.10×
10 Jan 20255.80×4.10×
17 Jan 20256.00×4.10×
24 Jan 20255.60×4.10×
1 Feb 20255.60×4.10×
7 Feb 20255.40×4.10×
14 Feb 20254.80×4.10×
21 Feb 20255.10×4.10×
28 Feb 20254.50×4.10×
7 Mar 20254.30×4.10×
13 Mar 20254.00×4.10×
21 Mar 20254.50×4.10×
28 Mar 20254.60×4.10×
4 Apr 20254.90×4.10×
11 Apr 20254.80×4.10×
17 Apr 20255.40×4.10×
25 Apr 20255.30×4.10×
2 May 20255.20×4.10×
9 May 20254.90×4.10×
16 May 20255.40×4.10×
23 May 20255.40×4.10×
30 May 20255.50×4.10×
6 Jun 20255.50×4.10×
13 Jun 20255.20×4.10×
20 Jun 20255.20×4.10×
27 Jun 20255.30×4.10×
4 Jul 20255.20×4.10×
11 Jul 20255.00×4.10×
18 Jul 20254.90×4.10×
25 Jul 20254.00×4.10×
1 Aug 20253.80×4.10×
8 Aug 20253.70×4.10×
14 Aug 20253.80×4.10×
22 Aug 20253.90×4.10×
29 Aug 20253.70×4.10×
5 Sep 20253.80×4.10×
12 Sep 20253.90×4.10×
19 Sep 20254.20×4.10×
26 Sep 20253.80×4.10×
3 Oct 20253.40×4.10×
10 Oct 20253.30×4.10×
17 Oct 20253.30×4.10×
24 Oct 20253.30×4.10×
31 Oct 20253.30×4.10×
7 Nov 20253.20×4.10×
14 Nov 20253.20×4.10×
21 Nov 20253.10×4.10×
28 Nov 20253.10×4.10×
5 Dec 20252.90×4.10×
12 Dec 20253.00×4.10×
19 Dec 20252.90×4.10×
26 Dec 20253.10×4.10×
2 Jan 20263.20×4.10×
9 Jan 20263.00×4.10×
16 Jan 20263.00×4.10×
23 Jan 20262.80×4.10×
1 Feb 20262.80×4.10×
6 Feb 20262.80×4.10×
9 Feb 20262.80×4.10×
12 Feb 20262.70×4.10×
13 Feb 20262.70×4.10×
17 Feb 20262.80×4.10×
20 Feb 20262.80×4.10×
27 Feb 20262.70×4.10×
6 Mar 20262.50×4.10×
13 Mar 20262.50×4.10×
20 Mar 20262.50×4.10×
27 Mar 20262.50×4.10×
2 Apr 20263.00×4.10×
6 Apr 20262.50×4.10×
10 Apr 20263.20×4.10×
17 Apr 20263.40×4.10×
24 Apr 20263.50×4.10×
30 Apr 20263.50×4.10×
8 May 20263.50×4.10×
15 May 20263.30×4.10×
22 May 20263.30×4.10×
29 May 20263.50×4.10×
4 Jun 20262.50×4.10×
5 Jun 20263.20×4.10×
10 Jun 20262.50×4.10×
12 Jun 20263.20×4.10×
17 Jun 20262.60×4.10×
19 Jun 20263.30×4.10×
24 Jun 20262.60×4.10×
25 Jun 20263.30×4.10×
1 Jul 20262.60×4.10×
3 Jul 20263.30×4.10×
10 Jul 20263.30×4.10×
17 Jul 20263.10×4.10×
24 Jul 20263.10×4.10×
31 Jul 20263.10×4.10×
7 Aug 20263.10×4.10×
14 Aug 20263.00×4.10×
21 Aug 20263.00×4.10×
28 Aug 20263.00×4.10×
4 Sep 20262.90×4.10×
11 Sep 20262.90×4.10×
18 Sep 20262.30×4.10×
25 Sep 20262.30×4.10×
28 Sep 20262.40×4.10×
1 Oct 20262.20×4.10×
9 Oct 20262.00×4.10×
16 Oct 20262.10×4.10×
23 Oct 20262.00×4.10×
30 Oct 20261.90×4.10×

Book value per share

  • Book value per share ₹52
Book value per share
WeekBook value per share
20 Jan 2024–
25 Jan 2024–
2 Feb 2024–
9 Feb 2024–
16 Feb 2024–
23 Feb 2024–
2 Mar 2024–
7 Mar 2024–
15 Mar 2024–
22 Mar 2024–
28 Mar 2024₹25
19 Apr 2024₹25
26 Apr 2024₹25
3 May 2024₹25
10 May 2024₹25
18 May 2024₹25
24 May 2024₹25
31 May 2024₹25
7 Jun 2024₹25
14 Jun 2024₹25
21 Jun 2024₹25
28 Jun 2024₹32
5 Jul 2024₹32
12 Jul 2024₹32
19 Jul 2024₹32
26 Jul 2024₹32
2 Aug 2024₹32
9 Aug 2024₹32
16 Aug 2024₹32
23 Aug 2024₹32
30 Aug 2024₹32
6 Sep 2024₹32
13 Sep 2024₹32
20 Sep 2024₹32
27 Sep 2024₹32
4 Oct 2024₹32
11 Oct 2024₹32
18 Oct 2024₹32
25 Oct 2024₹32
1 Nov 2024₹32
8 Nov 2024₹32
14 Nov 2024₹32
22 Nov 2024₹32
29 Nov 2024₹32
6 Dec 2024₹32
13 Dec 2024₹32
20 Dec 2024₹32
27 Dec 2024₹35
3 Jan 2025₹35
10 Jan 2025₹35
17 Jan 2025₹35
24 Jan 2025₹35
1 Feb 2025₹35
7 Feb 2025₹35
14 Feb 2025₹35
21 Feb 2025₹35
28 Feb 2025₹35
7 Mar 2025₹35
13 Mar 2025₹35
21 Mar 2025₹35
28 Mar 2025₹35
4 Apr 2025₹35
11 Apr 2025₹35
17 Apr 2025₹35
25 Apr 2025₹35
2 May 2025₹35
9 May 2025₹35
16 May 2025₹35
23 May 2025₹35
30 May 2025₹35
6 Jun 2025₹35
13 Jun 2025₹35
20 Jun 2025₹35
27 Jun 2025₹32
4 Jul 2025₹32
11 Jul 2025₹32
18 Jul 2025₹32
25 Jul 2025₹32
1 Aug 2025₹32
8 Aug 2025₹32
14 Aug 2025₹32
22 Aug 2025₹32
29 Aug 2025₹32
5 Sep 2025₹32
12 Sep 2025₹32
19 Sep 2025₹32
26 Sep 2025₹39
3 Oct 2025₹39
10 Oct 2025₹39
17 Oct 2025₹39
24 Oct 2025₹39
31 Oct 2025₹39
7 Nov 2025₹39
14 Nov 2025₹39
21 Nov 2025₹39
28 Nov 2025₹39
5 Dec 2025₹39
12 Dec 2025₹39
19 Dec 2025₹39
26 Dec 2025₹46
2 Jan 2026₹46
9 Jan 2026₹46
16 Jan 2026₹46
23 Jan 2026₹46
1 Feb 2026₹46
6 Feb 2026₹46
9 Feb 2026₹46
12 Feb 2026₹46
13 Feb 2026₹46
17 Feb 2026₹46
20 Feb 2026₹46
27 Feb 2026₹46
6 Mar 2026₹46
13 Mar 2026₹46
20 Mar 2026₹46
27 Mar 2026₹46
2 Apr 2026₹46
6 Apr 2026₹46
10 Apr 2026₹46
17 Apr 2026₹46
24 Apr 2026₹46
30 Apr 2026₹46
8 May 2026₹46
15 May 2026₹46
22 May 2026₹46
29 May 2026₹46
4 Jun 2026₹46
5 Jun 2026₹46
10 Jun 2026₹46
12 Jun 2026₹46
17 Jun 2026₹46
19 Jun 2026₹46
24 Jun 2026₹46
25 Jun 2026₹39
1 Jul 2026₹39
3 Jul 2026₹39
10 Jul 2026₹39
17 Jul 2026₹39
24 Jul 2026₹39
31 Jul 2026₹39
7 Aug 2026₹39
14 Aug 2026₹39
21 Aug 2026₹39
28 Aug 2026₹39
4 Sep 2026₹39
11 Sep 2026₹39
18 Sep 2026₹39
25 Sep 2026₹39
28 Sep 2026₹48
1 Oct 2026₹48
9 Oct 2026₹48
16 Oct 2026₹48
23 Oct 2026₹48
30 Oct 2026₹52
Top: P/BV each week. Below: book value per share, a step line that moves once a quarter; 2.8 years of history; short peaks above 8.1× are drawn at the top edge.

PEG 1.38: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 1.38×
  • PEG = 1.0 1.00×
PEG 1.38: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q4 FY240.88×1.00×
Q1 FY251.42×1.00×
Q2 FY252.32×1.00×
Q3 FY252.28×1.00×
Q4 FY251.01×1.00×
Q1 FY262.73×1.00×
Q2 FY261.45×1.00×
Q3 FY261.12×1.00×
Q4 FY263.02×1.00×
Q1 FY270.88×1.00×
Q2 FY271.38×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Worked out here as the quarter-end P/E divided by the growth in earnings per share over the last 12 months (only quarters with positive growth), because a reported quarterly PEG is not available for this stock. Last 11 quarters.
2.1×P/BV · lower than 98% of its last 2.8 years
0.77PEG · today, derived from 3-year earnings growth

Why the multiple is where it is: over the past year book value grew while the price moved −29.0%. Price and book value moved together, so the multiple stayed in its range.

In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple.

Is the IREDA business getting better or worse?

Indian Renewable Energy Development Agency Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 13.7%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +23.4% in FY26, profit +10.2%

  • Revenue growth 23.4%
Growth year by year: revenue +23.4% in FY26, profit +10.2%
QuarterRevenue growth
FY165%
FY1713.4%
FY1836%
FY1911.6%
FY2017.3%
FY2112.1%
FY227.7%
FY2321.8%
FY2442.5%
FY2536%
FY2623.4%

Profit growth, EPS growth

  • Profit growth 10.2%
  • EPS growth 5.5%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY169.6%9.5%
FY17−29.5%−29.5%
FY1892.9%92.9%
FY19−38.3%−38.3%
FY20−14%−14.4%
FY2160.9%61.9%
FY2283.2%−37.3%
FY2336.4%36.5%
FY2444.7%23.3%
FY2535.7%35.6%
FY2610.2%5.5%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue rolling over, profit stabilising

  • Revenue 17%
Three growth lines over twelve quarters: revenue rolling over, profit stabilising
QuarterRevenue
Dec 2023116.4%
Mar 202488.5%
Jun 202456.2%
Sep 202436.9%
Dec 202435.1%
Mar 202535.8%
Jun 202534.7%
Sep 202531.5%
Dec 202529%
Mar 202623.2%
Jun 202619.9%
Sep 202617%

Profit, EPS

  • Profit 14.3%
  • EPS 11.5%
Profit, EPS
QuarterProfitEPS
Dec 202339.8%−11%
Mar 202444.9%33.2%
Jun 202443.7%26.9%
Sep 202439.6%18.8%
Dec 202431.1%16.5%
Mar 202535.6%25.1%
Jun 202516.4%11.2%
Sep 202519.2%16.7%
Dec 202522.8%18.7%
Mar 202610.3%5.4%
Jun 202625.8%21%
Sep 202614.3%11.5%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROE: the return line, worked out each quarter

  • ROE 13.7%
ROE: the return line, worked out each quarter
QuarterROE
Dec 202317.8%
Mar 202414.6%
Jun 202415.7%
Sep 202415.5%
Dec 2024–
Mar 202516.5%
Jun 202512.6%
Sep 202513.3%
Dec 202513.9%
Mar 202613.6%
Jun 202614.3%
Sep 202613.7%
Net profit over the last 12 months as a share of equity at the quarter end, %.
Turning downRevenue growth · latest +17.0%, range +17.0% to +116.4%
Steady highProfit growth · latest +14.3%, range +10.3% to +44.9%
Steady highEPS growth · latest +11.5%, range −11.0% to +33.2%
Steady highROE · latest 13.7%, range 12.6% to 17.8%

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+23.4%+33.8%+25.7%+21.7%
Profit+10.2%+29.4%+40.2%+20.2%
EPS+5.5%+20.8%+8.6%+5.8%
Share price−29.0%+19.1%——
+14.0%Revenue growth (Sep 2026) · latest quarter against a year ago
+0.9%Profit growth (Sep 2026) · latest quarter against a year ago
21.7%Revenue, 10 years · yearly growth over the long run

How much does IREDA earn on its equity and assets?

Indian Renewable Energy Development Agency Ltd earned a return on equity of 16% in FY26. Its lowest yearly reading on file was 8% in FY20. On its assets, every ₹100 earned about ₹2.12, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together.

Two numbers rate a bank: ROE, what it earns on shareholders’ money, and ROA, what it earns on all its assets. An ROE above about 13 to 15% is healthy; below that, net worth grows slowly.

That is above the level a bank needs to grow its net worth steadily.

FY26: ROE 16%, ROA 2.20%, up from a FY20 low of 8%

  • ROE 16%
FY26: ROE 16%, ROA 2.20%, up from a FY20 low of 8%
QuarterROE
FY1512%
FY179%
FY1817%
FY1911%
FY208%
FY2113%
FY2215%
FY2315%
FY2417%
FY2518%
FY2616%

ROA

  • ROA 2.2%
ROA
QuarterROA
FY15–
FY17–
FY18–
FY19–
FY20–
FY21–
FY221.9%
FY232%
FY242.2%
FY252.4%
FY262.2%
Return on equity each year, % (top); return on assets, % (below). 11-year window. A lender is judged on ROE and ROA; return on capital used (ROIC) does not apply to a bank.

Q2 FY27: ROE 9.8% (last 12 months)

  • ROE (12 months) 9.8%
Q2 FY27: ROE 9.8% (last 12 months)
QuarterROE (12 months)
Q1 FY2417.5%
Q2 FY2419.3%
Q3 FY2417.7%
Q4 FY2420.4%
Q1 FY2517.8%
Q2 FY2517.9%
Q3 FY2517.3%
Q2 FY268.7%
Q3 FY2617.4%
Q4 FY2617.7%
Q1 FY2714.4%
Q2 FY279.8%

ROA (12 months)

  • ROA (12 months) 2.1%
ROA (12 months)
QuarterROA (12 months)
Q1 FY24–
Q2 FY242.3%
Q3 FY242.2%
Q4 FY24–
Q1 FY25–
Q2 FY25–
Q3 FY25–
Q2 FY261.2%
Q3 FY262.6%
Q4 FY262.6%
Q1 FY272.1%
Q2 FY27–
Return on equity over the last 12 months (top) and on assets (below), each quarter, %. Last 12 quarters, lined up with the yearly figure.

Why ROE moved: profit grew 20.2% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low.

Does IREDA have too much debt?

For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead.

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here.

What is the IREDA shareholding pattern?

Promoters cut their stake in Indian Renewable Energy Development Agency Ltd by 3.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 71.8% of the company. Domestic institutions moved +2.2 points over the same period, to 2.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −3.2 points over 8 quarters, to 71.8%; Domestic institutions: +2.2 points over 8 quarters, to 2.5%; Foreign institutions: +0.5 points over 8 quarters, to 2.6%.

Why the owners changed: promoters drove it (−3.2 points), with the other side taken by domestic institutions (+2.2 points). They reduced their stake.

Year ends: promoters −3.2 points from Mar 2024 to Mar 2026

  • Promoters 71.76%
  • Foreign inst. 2.14%
  • Domestic inst. 2.44%
  • Public 23.65%
Year ends: promoters −3.2 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202475%1.36%0.94%22.7%
Mar 202575%1.74%0.51%22.74%
Mar 202671.76%2.14%2.44%23.65%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Promoters cut their stake by 3.2 points over 8 quarters

  • Promoters 71.76%
  • Foreign inst. 2.57%
  • Domestic inst. 2.52%
  • Public 23.14%
Promoters cut their stake by 3.2 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Dec 202375%1.88%4.37%18.75%
Mar 202475%1.36%0.94%22.7%
Jun 202475%2.7%0.42%21.87%
Sep 202475%2.02%0.35%22.62%
Dec 202475%1.85%0.63%22.51%
Mar 202575%1.74%0.51%22.74%
Jun 202571.76%2.04%2.95%23.24%
Sep 202571.76%1.92%2.57%23.75%
Dec 202571.76%2.07%2.51%23.67%
Mar 202671.76%2.14%2.44%23.65%
Jun 202671.76%2.48%2.39%23.35%
Sep 202671.76%2.57%2.52%23.14%
Shareholding by owner group, % of the company, each quarter, last 12 quarters.

How far is IREDA from balance-sheet trouble?

For Indian Renewable Energy Development Agency Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does IREDA rank in its industry?

66.9 out of 100, rank 1 of 6 in Finance - PSU Lending, with 93% of the evidence available.

Indian Renewable Energy Development Agency Ltd scores 66.9 out of 100 against the 6 companies it is compared with in Finance - PSU Lending, ranking 1. Earnings are strong; relative strength in its sector is -20.1% and the one-year return is -34.5%.

The four parts add up to the total exactly: 28.3 + 18.8 + 15.3 + 4.5 = 66.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Which companies is IREDA compared with?

IREDA ranks 1 of 6 Finance - PSU Lending companies on the 4-Factor Sector Score, with 66.9 out of 100.

  1. 1Indian Renewable Energy Development Agency Ltd this pageIREDA · quiet · Most evidence points up · 93% evidence66.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 28.3/35 · Income 17% · Profit 14.3% · 100% evidenceCapital efficiency 18.8/25 · ROA 2% · ROE 15.6% · GNPA — · 72% evidenceValuation 15.3/20 · P/BV 1.95× · P/BV÷ROE 0.13 · 100% evidenceRelative strength 4.5/20 · Lead over its industry -20.1% · Lead over NIFTY 500 -16.4% · 1 year -34.5% · 100% evidence · 0 of 12 weeks aheadExact sum: 28.3 + 18.8 + 15.3 + 4.5 = 66.9 · What this means: Earnings are strong; relative strength in its sector is -20.1% and the one-year return is -34.5%.
  2. 2Tourism Finance Corporation of India LtdTFCILTD · leader · Most evidence points up · 97% evidence66.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.1/35 · Income 14.6% · Profit 40% · 100% evidenceCapital efficiency 18.7/25 · ROA 5.1% · ROE 9.8% · GNPA 0.4% · 88% evidenceValuation 2.4/20 · P/BV 5.35× · P/BV÷ROE 0.55 · 100% evidenceRelative strength 20.0/20 · Lead over its industry 82.9% · Lead over NIFTY 500 86.6% · 1 year 128.7% · 100% evidence · 12 of 12 weeks aheadExact sum: 25.1 + 18.7 + 2.4 + 20 = 66.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Power Finance Corporation LtdPFC · basing · Evidence leans up · 79% evidence56.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.0/35 · Income 4.6% · Profit 4.1% · 67% evidenceCapital efficiency 19.7/25 · ROA — · ROE 20.7% · GNPA 0.7% · 61% evidenceValuation 17.5/20 · P/BV 0.73× · P/BV÷ROE 0.04 · 100% evidenceRelative strength 3.3/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -15.7% · 1 year -22.2% · 100% evidence · 0 of 12 weeks aheadExact sum: 16 + 19.7 + 17.5 + 3.3 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4REC LtdRECLTD · quiet · Evidence leans down · 88% evidence47.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 4.3/35 · Income -0.8% · Profit -12.6% · 86% evidenceCapital efficiency 20.2/25 · ROA 2.2% · ROE 20.1% · GNPA — · 72% evidenceValuation 16.2/20 · P/BV 0.79× · P/BV÷ROE 0.04 · 100% evidenceRelative strength 6.5/20 · Lead over its industry -16.5% · Lead over NIFTY 500 -12.8% · 1 year -23.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 4.3 + 20.2 + 16.2 + 6.5 = 47.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  5. 5IFCI LtdIFCI · quiet · Most evidence points down · 70% evidence34.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.1/35 · Income 4.8% · Profit -13.3% · 55% evidenceCapital efficiency 12.1/25 · ROA 1.7% · ROE 2% · GNPA — · 68% evidenceValuation 4.8/20 · P/BV 1.65× · P/BV÷ROE 0.84 · 70% evidenceRelative strength 6.8/20 · Lead over its industry -13.9% · Lead over NIFTY 500 -11.4% · 1 year -5.7% · 100% evidence · 4 of 12 weeks aheadExact sum: 11.1 + 12.1 + 4.8 + 6.8 = 34.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Haryana Financial Corporation LtdHARAFIN · Too little evidence to rank firmly · 33% evidence43.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 28.1/43.75 · Income 100% · Profit 100% · 29% evidenceCapital efficiency 11.4/31.25 · ROA — · ROE 3.5% · GNPA — · 34% evidenceValuation 3.8/25 · P/BV 6.06× · P/BV÷ROE 1.76 · 70% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 28.1 + 11.4 + 3.8 = 43.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Finance - PSU Lending, all 6 compared on one page.

Which companies are close to IREDA in size?

IREDA is the 3rd largest of 6 Finance - PSU Lending companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Power Finance Corporation and REC. Just below it: IFCI, Tourism Finance Corporation of India and Haryana Financial Corporation.

Finance - PSU Lending companies close in size

  1. Power Finance Corporation Ltd ₹1,03,491 crore
  2. REC Ltd ₹75,205 crore
  3. Indian Renewable Energy Development Agency Ltd ₹27,952 crore
  4. IFCI Ltd ₹14,730 crore
  5. Tourism Finance Corporation of India Ltd ₹7,460 crore
  6. Haryana Financial Corporation Ltd ₹1,360 crore

All 6 Finance - PSU Lending companies, largest first

Companies close in size in other industries

  1. Exide Industries Ltd ₹28,518 crore · Auto Ancillaries - Batteries
  2. Tata Investment Corporation Ltd ₹28,475 crore · Finance - Holding Company
  3. Indian Renewable Energy Development Agency Ltd ₹27,952 crore
  4. Godfrey Phillips India Ltd ₹27,948 crore · Cigarettes & Tobacco Products
  5. Jubilant Foodworks Ltd ₹27,839 crore · Quick Service Restaurant - QSR

What else do people ask about IREDA?

What is IREDA's share price today?

Indian Renewable Energy Development Agency Ltd's share price is ₹106.00, −29.0% over the past year. The whole company is worth ₹29,778 Cr on the market.

In the last 52 weeks it traded between ₹100 to ₹150; today it is 13% of the way up from the low, 13.5% below its 200-day average (as of 4 November 2026).

What were IREDA's latest quarterly results?

Indian Renewable Energy Development Agency Ltd reported total income of ₹2,344 Cr and net profit of ₹554 Cr for the Sep 2026 quarter. Income rose 14.0% and profit rose 0.9% compared with a year earlier. Earnings per share were ₹1.97.

Gross NPA stood at 3.76% of the loan book (as of 4 November 2026).

What is IREDA's market cap?

Indian Renewable Energy Development Agency Ltd's market capitalisation is ₹29,778 Cr at a share price of ₹106.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is IREDA performing?

Indian Renewable Energy Development Agency Ltd's share price has been falling for 88 weeks. In its latest quarter, income rose 14.0% and profit rose 0.9% compared with a year earlier.

Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 4 November 2026).

Will IREDA's share price go up?

This page does not forecast Indian Renewable Energy Development Agency Ltd's share price. What it shows instead: the share price is ₹106.00, and it has been falling for 88 weeks. Its P/BV of 2.1× is higher than 2% of its own last 3 years (as of 4 November 2026).

Who owns IREDA?

Promoters own 71.8% of Indian Renewable Energy Development Agency Ltd, foreign institutions 2.6%, domestic institutions 2.5% and the public 23.1% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 3.2 percentage points over 8 quarters (as of 4 November 2026).

Where is IREDA in its business cycle?

Indian Renewable Energy Development Agency Ltd's FY26 net margin was 22.5%, against a 12-year range of 9.1% to 25.4%: the middle of its own range, neither a peak nor a low. The latest quarter was 23.6%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the IREDA story?

The main question: yearly earnings per share moved +5.5% while the share price moved −29.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is IREDA a stock worth studying right now?

What the numbers show: Indian Renewable Energy Development Agency Ltd's earnings have grown faster than its share price. Earnings per share grew +5.5% in a year while the price moved −29.0%. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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