Indian Renewable Energy Development Agency Ltd

About Indian Renewable Energy Development Agency Ltd

Indian Renewable Energy Development Agency Ltd (IREDA) is a Mini-Ratna (Category-I) PSU, a leading Non-Banking Financial Institution (NBFI) specialized in promoting, developing, and extending financial assistance for new and renewable energy projects in India. It plays a pivotal role in enabling India's green energy transition by offering a comprehensive suite of financial products across the renewable energy value chain.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Indian Renewable Energy Development Agency Ltd's P/E ratio (TTM) is 17.80, compared to the industry median of 9.72 and large cap median of 9.72.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Indian Renewable Energy Development Agency Ltd's P/B ratio is 2.42, compared to the industry median of 2.03 and large cap median of 1.78.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Indian Renewable Energy Development Agency Ltd's P/S ratio is 4.01, compared to the industry median of 3.50 and large cap median of 2.99.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Indian Renewable Energy Development Agency Ltd's PEG ratio is 1.25.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Indian Renewable Energy Development Agency Ltd's EV/EBITDA ratio is 15.15.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Indian Renewable Energy Development Agency Ltd's ROE is 13.59%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Indian Renewable Energy Development Agency Ltd's ROA is 2.51%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Indian Renewable Energy Development Agency Ltd's ROCE is 52.54%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Indian Renewable Energy Development Agency Ltd's operating margin is 28.32%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Indian Renewable Energy Development Agency Ltd's net margin is 22.55%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Indian Renewable Energy Development Agency Ltd's current ratio is 42.54.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Indian Renewable Energy Development Agency Ltd's debt-to-equity ratio is 0.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Indian Renewable Energy Development Agency Ltd's interest coverage ratio is 1.48.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Indian Renewable Energy Development Agency Ltd's DPS is ₹1.33.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Indian Renewable Energy Development Agency Ltd's EPS is 5.54.

(Source line: "Ratios as of 11 Aug 2026, based on last traded price of ₹118.70. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1987
• Headquarters: New Delhi, Delhi
• Core Offerings: Term Loans, Bridge Loans, Loan against Securitization of Receivables, Equipment Financing, Lines of Credit
• Stock Listing: NSE (IREDA), BSE (544026)
• Promoter: Government of India

History of Indian Renewable Energy Development Agency Ltd

IREDA was incorporated in 1987 as a Public Limited Government Company under the administrative control of the Ministry of New and Renewable Energy (MNRE). It registered as an NBFC with the RBI in 1995. The company was accorded 'Mini Ratna' (Category-I) status in 2007. In November 2023, IREDA successfully listed on both NSE and BSE through an Initial Public Offering (IPO), marking a significant milestone. Today, it continues its mandate as a key financial institution supporting the growth of renewable energy in India.

Business Segments and Revenue Mix

• Renewable Energy Project Financing: IREDA provides financial assistance to projects across the entire spectrum of renewable energy, including solar, wind, hydro, bio-energy, waste-to-energy, and emerging technologies like green hydrogen and battery storage.
• Consultancy & Advisory Services: Leveraging its deep industry expertise, IREDA also offers specialized consultancy and advisory services related to the renewable energy sector in India.
• Diverse Financial Products: The company offers a wide range of financial products, including project finance, short-term loans, bridge loans, lines of credit, equipment financing, and take-out financing to cater to the varied needs of renewable energy developers and manufacturers.

Key Personnel

Shri Pradip Kumar Das: Chairman & Managing Director. A seasoned professional with over 30 years of experience in the power sector, including renewable energy, infrastructure, and financial services.

Subsidiaries and Associate Companies

No major subsidiaries reported.

Corporate Actions

IPO (November 2023): Successfully listed on NSE and BSE, raising ₹2,150 crore. No other major recent corporate actions on record.

References

1. IREDA Annual Report FY 2023-24
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement
4. IPO Prospectus (DRHP)