Indian Renewable Energy Development Agency Ltd
Indian Renewable Energy Development Agency Ltd was incorporated as a fully owned Govt. of India enterprise under the administrative control of the MNRE. Furthermore, the company was notified as a public financial institution and is also registered as a non-deposit taking NBFC with the RBI.
The company was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. The Ministry of New and Renewable Energy, Government of India has given IREDA the 'Navaratna Status. RBI classified company as “Infrastructure Finance Company”.[1][2]
- Market Cap ₹ 43,163 Cr.
- Current Price ₹ 161
- High / Low ₹ 310 / 137
- Stock P/E 125
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 8.33 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.9% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Term-Lending Institutions
Part of BSE 500 Nifty 200 BSE CPSE Nifty Alpha 50 Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Revenue |
| Interest |
| Financing Profit |
| Financing Margin % |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Gross NPA % |
| Net NPA % |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| Revenue | 1,331 | 1,810 | 2,020 | 2,369 | 2,614 |
| Interest | 810 | 1,006 | 1,183 | 1,459 | 1,570 |
| 194 | 240 | 431 | 649 | 496 | |
| Financing Profit | 327 | 564 | 406 | 260 | 548 |
| Financing Margin % | 25% | 31% | 20% | 11% | 21% |
| -7 | 7 | -72 | 3 | 44 | |
| Depreciation | 7 | 21 | 23 | 23 | 23 |
| Profit before tax | 313 | 549 | 311 | 241 | 570 |
| Tax % | 33% | 26% | 20% | 11% | 39% |
| 210 | 405 | 250 | 215 | 346 | |
| EPS in Rs | 267.74 | 5.17 | 3.18 | 2.74 | 4.41 |
| Dividend Payout % | 60% | 31% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| Equity Capital | 785 | 785 | 785 | 785 | 785 |
| Reserves | 1,643 | 1,661 | 1,800 | 1,737 | 2,211 |
| Deposits | -0 | -0 | -0 | -0 | -0 |
| Borrowing | 6,053 | 6,118 | 8,887 | 11,310 | 10,894 |
| 3,592 | 2,937 | 3,181 | 3,277 | 3,298 | |
| Total Liabilities | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 |
| 318 | 314 | 303 | 282 | 266 | |
| CWIP | 0 | 3 | 0 | 0 | 0 |
| Investments | 0 | 1 | 0 | 1 | 1 |
| 18,479 | 20,050 | 24,215 | 27,370 | 30,027 | |
| Total Assets | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| -1,282 | -1,846 | -5,018 | -1,709 | -3,206 | |
| -282 | -53 | -37 | -0 | -2 | |
| 2,644 | 1,701 | 3,736 | 2,141 | 2,441 | |
| Net Cash Flow | 1,081 | -198 | -1,319 | 431 | -767 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|
| ROE % | 17% | 12% | 8% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Appointment of two independent directors at IREDA.
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
2d - IREDA signs ECB facility agreement for JPY 26 billion.
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Cessation of Independent Director Dr. Jaganath Murthy.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Mar - IREDA secures JPY 26 billion ECB facility from SBI Tokyo.
- Closure of Trading Window 26 Mar
Business Profile[1]
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission.
The company is 75% owned by GoI.[2]