Arthneeti

Indian Renewable Energy Development Agency Q2 FY27 Share Price & Earnings Call Analysis

₹102.30+0.06% today
Market cap
₹28,738 Cr
P/E
14.65
ROE
15.59%
PEG
0.50
Price to sales
3.33
Debt to equity
5.65
52W high / low
₹153 / ₹99.5
Sales growth (5Y)
25.72%
EBITDA margin
87.09%
Net profit margin
22.48%
Promoter holding
71.76%
Sales (last year)
₹8,610 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Indian Renewable rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,632 Cr69.0
240%+Up 2%+₹458 Cr23.7
340%+Up 0–2%₹877 Cr29.8
440%+Flat₹40,658 Cr37.4
540%+Flat₹16,070 Cr70.5
640%+Flat₹13,546 Cr—

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Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Financials of Indian Renewable

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Indian Renewable

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +75.00%75.00%75.00%75.00%75.00%75.00%71.76%71.76%71.76%71.76%71.76%71.76%
FIIs +1.88%1.36%2.70%2.02%1.85%1.74%2.04%1.92%2.07%2.14%2.48%2.57%
DIIs +4.37%0.94%0.42%0.35%0.63%0.51%2.95%2.57%2.51%2.44%2.39%2.52%
Public +18.75%22.70%21.87%22.62%22.51%22.74%23.24%23.75%23.67%23.65%23.35%23.14%
No. of Shareholders13,67,95321,47,27222,43,29326,16,55526,19,35826,79,93826,69,47226,56,61725,75,36925,19,67724,65,91624,01,421

Financials of Indian Renewable

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +1,1771,2531,3911,5101,6301,6981,9041,9472,0572,1302,1752,2482,344
Interest7937608479751,0301,0321,1041,2181,2131,2331,2411,3411,376
Expenses +-3995651131119170427138179308486251
Financing Profit387394488484469548630302706718626422716
Financing Margin %33%31%35%32%29%32%33%16%34%34%29%19%31%
Other Income +0000111112110611
Depreciation789991011101011131010
Profit before tax380386480476460538630305696717619413707
Tax %25%13%30%19%16%21%20%19%21%18%20%18%22%
Net Profit +285336337384388425502247549585493338554
EPS in Rs1.251.251.261.431.441.581.870.881.952.081.751.201.97
Gross NPA %3.13%2.90%2.19%2.19%2.68%2.45%4.13%3.97%3.75%3.49%3.76%
Net NPA %1.65%1.52%0.95%1.04%1.50%1.35%2.06%1.97%1.68%1.29%1.22%

Financials of Indian Renewable

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +1,1181,1742,0202,3692,6552,8603,4834,9656,7548,3378,897
Interest6466681,1831,4591,5701,5872,0883,1644,1414,9055,191
Expenses +8884431649495430232854711,0511,225
Financing Profit3844214062605908431,1631,7162,1422,3822,481
Financing Margin %34%36%20%11%22%29%33%35%32%29%28%
Other Income +01-723314-0-10-118
Depreciation54232323232430394444
Profit before tax3794183112415708341,1391,6852,1042,3372,456
Tax %28%29%20%11%39%24%24%26%19%20%
Net Profit +2722982502153466348651,2521,6991,8731,969
EPS in Rs3.473.803.192.734.422.773.784.666.326.677.00
Dividend Payout %20%53%0%0%0%0%0%0%0%20%

Financials of Indian Renewable

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital7857857857852,2852,2852,6882,6882,8092,809
Reserves1,3941,7991,7372,2112,9843,6515,8727,57810,97211,528
Borrowing7,43918,75321,85424,00027,61340,16549,68764,74077,84680,882
Other Liabilities +6633,1813,2773,2983,8274,3474,3541,8602,1752,766
Total Liabilities10,28024,51827,65230,29336,70850,44762,60076,86793,80297,986
Fixed Assets +33303282266248229361349320306
CWIP70001311440000
Investments000099991016269101,002
Other Assets +10,24124,21527,37030,02736,23049,97562,13875,89292,57296,679
Total Assets10,28024,51827,65230,29336,70850,44762,60076,86793,80297,986

Financials of Indian Renewable

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-5,018-1,709-3,206-5,254-12,343-11,100-14,461-14,482
Cash from Investing Activity +-37-0-2-107-17-23-543-281
Cash from Financing Activity +3,7362,1412,4415,27112,36811,05914,96014,748
Net Cash Flow-1,319431-767-907-64-44-15
Free Cash Flow-5,055-1,710-3,209-5,262-12,360-11,123-14,488-14,498

Financials of Indian Renewable

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %12%11%8%13%15%15%17%18%16%
9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−32.7%19%
Last 6 months−24.5%13%
Last 3 months−16.9%27%

The price is 64% below its all-time high of ₹284.26 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 18 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indian Renewable: 0.4 × 19 + 0.4 × 13 + 0.2 × 27 = 18, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Indian Renewable's management said in earlier quarters

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