At present, people want to know a lot about the stock market. People now like to get knowledge about the stock market. People search in Google for an IREDA Stock Price Target from 2024 to 2030, so today in this article we are going to tell you about this Ireda share price target. In this article, we will tell you about Ireda stock details analysis and what is future stock price target 2024 to 2030. So read this article till the end.
About IREDA
IREDA is a government company. Its full name is Indian Renewable Energy Development Agency Ltd. which comes under the Ministry of New and Renewable Energy and its work is to promote renewable energy projects and provide financial assistance to companies in the renewable energy sector. IREDA company has more than 36 years of experience so far. IREDA is a Mini Ratna Revolutionary 1 company whose market cap is ₹ 49,871.47 Cr and the company’s net profit is ₹ 1,252.23 Cr.
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Indian Renewable Energy Development Agency Ltd Current Market Summary
The Indian Renewable Energy Development Agency Ltd (IREDA) is currently trading at ₹203.96, showing a stable position in the market. The day’s trading range has seen the stock fluctuate between ₹181.40 (low) and ₹187.85 (high). In terms of growth, the company has achieved an impressive sales growth rate of 42.56%, reflecting strong demand and expansion in its sector.
Shareholders are enjoying a healthy return on equity (ROE) of 17.28%, while the return on capital employed (ROCE) stands at 9.29%, showcasing efficient capital utilization. The company’s market capitalization is valued at ₹49,870 crore, solidifying its presence as a major player in the renewable energy sector. With a price-to-earnings (P/E) ratio of 33.77, the stock appears to be fairly priced given its growth potential. However, the absence of a dividend yield indicates that the company might be reinvesting its profits to fuel further growth.
Looking at its year-long performance, the stock has seen significant volatility, with a 52-week high of ₹310.00 and a low of ₹50.00. This range highlights both the opportunities and risks associated with investing in this renewable energy giant. Overall, IREDA’s market activity and financial metrics underscore its potential for long-term growth in the rapidly expanding renewable energy sector.
IREDA Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030
From here you can decide whether you want to sell, buy, or hold the stock. IREDA shares future predictions for 2024, 2025, 2026, 2027, 2028, 2029, 2030.
IREDA Future Forecast 2024 to 2030
| Year | 1st Targets (₹) | 2nd targets (₹) |
| 2024 | ₹180.56 | ₹210.45 |
| 2025 | ₹250.67 | ₹310.80 |
| 2026 | ₹345.33 | ₹380.35 |
| 2027 | ₹401.30 | ₹430.00 |
| 2028 | ₹450.45 | ₹490.55 |
| 2029 | ₹550.90 | ₹690.34 |
| 2030 | ₹799.87.30 | ₹1001.25 |
IREDA Fundamental Analysis and Shareholding Pattern
Here Check IREDA Fundamental and Share Holding Pattern
| Parameter | Value |
|---|---|
| Market Cap | ₹ 49,871.47 Cr. |
| Advances | ₹ 0 Cr. |
| No. of Shares | 268.78 Cr. |
| P/E Ratio | 34.53 |
| P/B Ratio | 5.34 |
| Face Value | ₹ 10 |
| Dividend Yield | 0% |
| Book Value (TTM) | ₹ 34.74 |
| Operating Revenue | ₹ 4,963.94 Cr. |
| Net Profit | ₹ 1,252.23 Cr. |
| Promoter Holding | 75% |
| EPS (TTM) | ₹ 5.37 |
| Sales Growth | 42.56% |
| ROE | 17.28% |
| ROCE | 9.29% |
| Profit Growth | 44.83% |
Shareholding Pattern (Quarterly Overview)
| Category | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Nov 25, 2023 |
|---|---|---|---|---|---|
| Promoter | 75% | 75% | 75% | 75% | 75% |
| FII | 2.0% | 2.7% | 1.4% | 1.9% | 4.0% |
| DII | 0.4% | 0.4% | 1.0% | 4.4% | 8.5% |
| Public | 22.6% | 21.9% | 22.7% | 18.8% | 12.5% |
| Others | 0.0% | – | – | – | – |
