NSE: IREDA · BSE: 544026 · ISIN INE202E01016
Indian Renewable Energy Development Agency Limited stock analysis
Indian Renewable Energy Development Agency Limited ranks #1784 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 8.7%, quarterly sales growth of 15.5% and quarterly profit growth of 36.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 33.6% three-year sales CAGR
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,860cr | ₹843cr | ₹634cr | 29.0% |
| 2023 | ₹3,483cr | ₹1,163cr | ₹865cr | 33.0% |
| 2024 | ₹4,965cr | ₹1,716cr | ₹1,252cr | 35.0% |
| 2025 | ₹6,754cr | ₹2,142cr | ₹1,699cr | 32.0% |
| 2026 | ₹8,309cr | ₹2,352cr | ₹1,873cr | 28.0% |
| TTM | ₹8,610cr | ₹2,471cr | ₹1,964cr | 29.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Indian Renewable Energy Development Agency Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
RoutineIndian Renewable Energy Development Agency Ltd - 544026 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sBSE · 26 Sept 2026Appointment of Statutory Auditor(s) of the Company for the FY 2026-27
RoutineTrading WindowBSE · 25 Sept 2026Indian Renewable Energy Development Agency Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineSecurity Cover CertificateNSE · 9 Sept 2026SBI CAP TRUSTEE COMPANY LIMITED has informed the exchange for Indian Renewable Energy Development Agency Limited regarding Security Cover Certificate of ISIN INE202E07120 for Q1 for the FY 2026-2027
MANAGEMENT COMMENTARY
Signals from filed documents
• Building a Smarter, Deeper Capital Base Sustained growth necessitates a funding base that is both larger and more diversified. During the year, your Company strengthened its capital position through a successful Qualified Institutional Placement (QIP) and fresh issuance of Perpetual Debt Instruments to reinforce its capital adequacy. This was further supported by the upgrade of your Company’s international credit r
Chidambaranar (Tuticorin) and Paradip were recognised as Green Hydrogen Hubs under NGHM for integrated coastal production and export infrastructure. The Green Hydrogen Certification Scheme of India was launched in April 2025, providing a national framework to certify production-cycle GHG emissions and enhancing transparency for domestic and export markets. MNRE also issued a `100 Crore Call for Proposals to support s
Governance implementation is further strengthened through regular internal audits and periodic external audits, ensuring independent assessment of compliance, controls and governance processes. Strict process monitoring and oversight mechanisms are in place across key functions to ensure adherence to regulatory requirements, internal policies and approval frameworks. Positive: Enhanced investor confidence and access
A disclosure on transactions entered into with the related parties as required by the Ind AS 24 “Related Parties Disclosures” is given at Note 38(9) of the financial statements in the Annual Report. The policy on Materiality of Related Party Transactions and Dealing with Related Party Transaction as approved by the Board can be accessed at https://www.ireda.in/policy/rpt • During the last three years, no penalties or
• During FY 26, the Company has successfully raised JPY 26 billion with a 05 (Five) year tenor and further executed a facility agreement for an additional JPY 28 billion with a 05 (Five) year bullet repayment structure. The competitive pricing secured for these facilities from overseas lenders reflects their confidence in the Company’s strong governance framework, sound risk management practices, and robust instituti
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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