As of today, March 18th, 2025, the Indian Renewable Energy Development Agency shares slipped into a decline since the opening. On March 17th, IREDA announced an increase in their borrowing programs. The company’s board approved borrowing Rs. 5000 Crores for FY 2024-25. The board said that money supports growth, but this brings concerns about IREDA’s debt levels and profitability.
Previously, IREDA had a bowling limit of Rs. 24,200 crores; the additional 5000 crores brings the total borrowable amount to Rs. 29,200. The add-on will reach IREDA through various channels like, Taxable Bonds Subordinated Tier-II Bonds, Perpetual Debt Instruments (PDI),
Term loans from banks and financial institutions (FIs), Lines of credit from international agencies (both multilateral and bilateral), External Commercial Borrowings (ECB), Short-term loans, and Working Capital Demand Loans (WCDL) from banks. Today, IREDA’s stocks opened at Rs.140.25 and are currently down by 2% compared to the opening bell rates.
IREDA Share Price in Today’s Market
At 9:32 a.m., IREDA traded their stocks for 143.20 a share. It is almost 2% higher than the opening rate. And 3.4% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalization shows 38,488 cores; the UC Limit is 151.97, and the LC Limit is 124.34.
Company Financials
IREDA is a government enterprise that provides and assists energy companies financially. The company’s Q3 Financial statements (FY 2024-25) were released on January 9th. IREDA was the only company to declare its Q3 results in a short span of nine days.
The company’s Revenue from Operations increased by 35.57% to Rs. 1,698.99 crore, up from Rs. 1,253.20 crore in the same quarter of the previous fiscal year. Its Profit After Tax grew by 26.8% to Rs. 425.37 crore, compared to Rs. 335.54 crore in Q3 FY 2023-24. The agency’s Net Worth increased by 20.99% to Rs. 9,842.07 crore, compared to Rs. 8,134.56 crore in the last third quarter.
Recent News About IREDA
- On February 25th, 2025, IREDA’s shareholders approved a proposal to raise up to ₹5,000 crore equity shares’ QIP.
- The RBI rejected IREDA’s request for equity investment in 900 MW Upper Karnali Hydropower Project in Nepal. This could impact the agency’s plans to expand and investor sentiment.
IREDA Share Price Target
Market experts predicted the following for IREDA’s share price target. Indian Renewable Energy Development Agency has an average target of 280. The consensus estimated an upside of 102.66% from the last price of 138.16 (Trendlyne)
Should You Buy, Sell, Or Hold?
Investors on Money Control and Trendlyne are divided between buying and selling IREDA’s shares. Before investing in an energy agency, consider its long-term performance and consult your analyst to make the perfect move.
