IREDA

Indian Renewable Energy Development Agency Limited

State-owned NBFC lending to renewable energy projects

Financial Services›Financial Services›Finance›Financial Institution

ireda.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹108.80
Market cap
30,440 Cr
Stock P/E
15.5
P/B
2.22
ROE (FY26)
13.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IREDA (Indian Renewable Energy Development Agency) is a government-controlled lender that finances renewable energy projects across India, with the President of India holding 71.76% (June 2026).

Company snapshot

5thBy market cap

Ranked among 7 companies in Financial Institution.

What we see

Positives
  • ✓Net margin of 22.5% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income758 Cr691 Cr817 Cr870 Cr898 Cr857 Cr
Other income11 Cr12 Cr0.57 Cr10 Cr6 Cr1 Cr
Net operating income769 Cr703 Cr818 Cr879 Cr904 Cr859 Cr
Employee cost21 Cr21 Cr26 Cr29 Cr29 Cr33 Cr
Other expenses21 Cr43 Cr42 Cr21 Cr64 Cr35 Cr
Provisions & contingencies——————
Depreciation11 Cr10 Cr10 Cr11 Cr13 Cr10 Cr
Profit before tax630 Cr305 Cr696 Cr717 Cr619 Cr414 Cr
Tax %20.4%19.0%21.1%18.4%20.4%18.2%
Net profit502 Cr247 Cr549 Cr585 Cr493 Cr339 Cr
EPS (₹)₹1.87₹0.91₹1.97₹2.09₹1.76₹1.21

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2025Mar 2026TTM
Net Interest Income—2,435 Cr3,276 CrSign in free for the trailing twelve months
Other income3 Cr12 Cr28 CrSign in free for the trailing twelve months
Net operating income3 Cr2,448 Cr3,304 CrSign in free for the trailing twelve months
Employee cost47 Cr82 Cr106 CrSign in free for the trailing twelve months
Other expenses20 Cr153 Cr170 CrSign in free for the trailing twelve months
Provisions & contingencies———Sign in free for the trailing twelve months
Depreciation23 Cr39 Cr44 CrSign in free for the trailing twelve months
Profit before tax570 Cr2,104 Cr2,338 CrSign in free for the trailing twelve months
Tax %39.2%19.3%19.8%Sign in free for the trailing twelve months
Net profit346 Cr1,698 Cr1,874 CrSign in free for the trailing twelve months
EPS (₹)₹4.41₹6.32₹6.73Sign in free for the trailing twelve months
Dividend payout %—0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2025Mar 2026
Equity capital785 Cr2,688 Cr2,809 Cr
Reserves2,211 Cr7,579 Cr10,976 Cr
Borrowings—64,740 Cr77,846 Cr
Other liabilities27,298 Cr4,728 Cr2,177 Cr
Total liabilities30,293 Cr79,735 Cr93,808 Cr
Fixed assets (net)246 Cr200 Cr177 Cr
CWIP0.0090 Cr0 Cr0 Cr
Investments—600 Cr884 Cr
Loans & advances—75,320 Cr90,197 Cr
Trade receivables3 Cr6 Cr3 Cr
Cash & bank221 Cr57 Cr48 Cr
Other assets29,823 Cr3,552 Cr2,499 Cr
Total assets30,293 Cr79,735 Cr93,808 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2025Mar 2026
Cash from operating activity-3,259 Cr-14,460 Cr-14,477 Cr
Cash from investing-2 Cr-518 Cr-281 Cr
Cash from financing2,441 Cr14,960 Cr14,748 Cr
Net cash flow-820 Cr-17 Cr-10 Cr
Free cash flow (OCF − Capex)-3,261 Cr-14,487 Cr-14,492 Cr

Ratios

MetricMar 2021Mar 2025Mar 2026
ROE %11.6%17.2%13.6%
Debt / equity—6.315.65
Indian Renewable Energy Development Agency Limited (IREDA) Financials | BullKarma