Today, we’re going on a journey to explore the IREDA Share Price Target for the years 2023 to 2050. IREDA is a public limited government company established in 1987, under the administrative control of the Ministry of New and Renewable Energy (MNRE), Government of India.
Indian Renewable Energy Development Agency Ltd (IREDA) is a pioneering financial institution that has been promoting and developing renewable energy projects for over 36 years.
The company was established in 1987 as a Public Limited Government Company under the Ministry of New and Renewable Energy (MNRE). Since then, IREDA has been at the forefront of India’s renewable energy revolution, providing comprehensive financial products and services to support the growth of the sector.
Overview of IREDA
| Name | Indian Renewable Energy Development Agency Ltd |
| Symbol | IREDA |
| Industry | Renewable Energy Financing |
| Founded | 1987 |
| Headquarters | New Delhi, India |
| Services | Term loans, working capital loans, bridge loans, project financing, technical assistance, and consultancy services for renewable energy projects |
| Country | India |
| Locations | New Delhi, Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, Ahmedabad, and Bhopal |
| Website | ireda.in |
| Profile | IREDA |
IREDA’s mission is to accelerate the development of renewable energy in India by providing financial assistance and technical support to renewable energy projects. The company offers a range of financial products and services, including term loans, working capital loans, bridge loans, and project financing.
IREDA also provides technical assistance and consultancy services to renewable energy projects, helping them to optimize their performance and achieve their goals.
IREDA has played a key role in the growth of India’s renewable energy sector, which has seen tremendous growth in recent years. The company has financed over 3,000 renewable energy projects across the country, with a total capacity of over 20,000 MW. This includes projects in solar, wind, small hydro, biomass, and waste-to-energy sectors.
Keep an eye on IREDA’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in IREDA’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for IREDA stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the IREDA share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are Not available on IREDA.
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IREDA price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
IREDA’s strong financial and business performance, coupled with the growing demand for renewable energy in India, make it a promising investment opportunity. Based on our analysis, we forecast IREDA’s share price to range from ₹75-80 in 2023. This is based on the company’s consistent growth in net profit and total income, as well as its loan portfolio, which has been growing steadily.
For 2024, we forecast IREDA’s share price to range from ₹85-90. This is based on the company’s strong financial and business performance, as well as the growing demand for renewable energy in India. The Indian government has set a target of achieving 450 GW of renewable energy capacity by 2030, which is expected to drive the growth of the sector and benefit companies like IREDA.
In 2025, we forecast IREDA’s share price to range from ₹95-100. This is based on the company’s consistent growth in net profit and total income, as well as its loan portfolio, which has been growing steadily. Additionally, the growing demand for renewable energy in India is expected to benefit companies like IREDA, which is well-positioned to capitalize on this trend.
In 2027, we forecast IREDA’s share price to range from ₹115-120. This is based on the company’s consistent growth in net profit and total income, as well as its loan portfolio, which is expected to continue growing. The Indian government’s target of achieving 450 GW of renewable energy capacity by 2030 is expected to drive the growth of the sector and benefit companies like IREDA.
For 2030, we forecast IREDA’s share price to range from ₹150-160. This is based on the company’s strong financial and business performance, as well as the growing demand for renewable energy in India. The Indian government’s target of achieving 450 GW of renewable energy capacity by 2030 is expected to drive the growth of the sector and benefit companies like IREDA.
In 2035, we forecast IREDA’s share price to range from ₹200-220. This is based on the company’s consistent growth in net profit and total income, as well as its loan portfolio, which is expected to continue growing. The growing demand for renewable energy in India is expected to benefit companies like IREDA, which is well-positioned to capitalize on this trend.
For 2040, we forecast IREDA’s share price to range from ₹250-280. This is based on the company’s strong financial and business performance, as well as the growing demand for renewable energy in India. IREDA’s loan portfolio is expected to continue growing, driven by the increasing demand for renewable energy projects in the country.
In 2050, we forecast IREDA’s share price to range from ₹400-450. This is based on the company’s consistent growth in net profit and total income, as well as its loan portfolio, which is expected to continue growing. The Indian government’s target of achieving 450 GW of renewable energy capacity by 2030 is expected to drive the growth of the sector and benefit companies like IREDA. Additionally, the growing global demand for renewable energy is expected to further boost IREDA’s growth prospects.
| Year | Share Price Target (Minimum) | Share Price Target (Maximum) |
|---|---|---|
| 2023 | ₹75 | ₹80 |
| 2024 | ₹85 | ₹90 |
| 2025 | ₹95 | ₹100 |
| 2026 | ₹105 | ₹110 |
| 2027 | ₹115 | ₹120 |
| 2030 | ₹150 | ₹160 |
| 2035 | ₹200 | ₹220 |
| 2040 | ₹250 | ₹280 |
| 2050 | ₹400 | ₹450 |
Competitors of IREDA
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Power Fin.Corpn. | 6.88 | 123258.81 |
| REC Ltd | 8.03 | 102103.31 |
| I R F C | 16.60 | 100614.44 |
| Indian Renewable | 20.05 | 17271.55 |
| Tour. Fin. Corp. | 11.43 | 988.66 |
Fundamentals of IREDA
Analyst Recommendations
IREDA Buy or Sell
Daily Low / High
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– According to Google historical data, the price of IREDA on 1 DEC 2023 was ₹62.75
– As of 4 December 2023, the current share price of IREDA is ₹64.35 Check out today’s current share price.
– Based on our analysis, the maximum share price target for IREDA in 2023 could be ₹80.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “IREDA Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold IREDA stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
