In this detailed guide we will discuss the IREDA share price target for the upcoming years ahead from 2024 to 2050. Investors are confused about the current price action of IREDA share and its potential for growth due to huge volatility in the share price. IREDA is a key player in India’s renewable energy sector. Indian Renewable Energy Development Agency (IREDA) has attracted investors by delivering a boasting 229% return in the last one year. As the government pushes towards clean energy, understanding IREDA’s market position and future prospects has become crucial. This article covers current market position, financial analysis, fundamentals and future price projection of IREDA shares to help you guide your investment strategy in the growing sector.
About Indian Renewable Energy Development Agency
Established in 1987, Indian Renewable Energy Development Agency Ltd (IREDA) is a government owned company that is under the control of the Ministry of New and Renewable Energy (MNRE). IREDA primarily focuses to promote, develop, and extend financial assistance for renewable energy and energy development projects. The government owns a significant 75% stake in the company, highlighting its importance in helping India achieve its renewable energy targets.
IREDA’s focus on financing projects in solar, wind, biomass, and hydropower sectors has positioned it as a leader in India’s transition to sustainable green energy. This strategic alignment with national energy goals has contributed to the company’s growth.
IREDA Financial Performance
Talking about the latest financial results, IREDA has shown impressive performance which shows the growing demand of renewable energy in India. The company reported a 30% rise in net profit to Rs 383 crore. Revenue from operations rose 32% to 1,501 crores compared to Rs 1,143.50 crore in previous year.
IREDA Fundamental Analysis
IREDA is a fundamentally strong stock with a market cap of 62,396.46 crore, indicating a substantial growth since its IPO. The share price of IREDA has increased more than 4 times of its IPO listing price of Rs 60. The company’s price-to-earnings (P/E) ratio currently stands at 49.83, suggesting high growth expectations from investors. This high P/E ratio reflects the market’s confidence in IREDA’s future prospects and its potential to capitalize on the expanding renewable energy sector.
Let’s quickly look at some of the basic fundamentals of the company to get an overview of the company’s future growth potential.
| Market Cap | Rs 62,396.46 Crore |
| 52 Week High/Low | Rs 310 / Rs 49.99 |
| Face Value | Rs 10 |
| Book Value | Rs 33.27 |
| ROE | 17.28% |
| ROCE | 9.29% |
| P/B Ratio | 6.98 |
| P/E Ratio | 49.83 |
| Dividend Yield | 0% |
| Sales Growth | 42.56% |
| Profit Growth | 44.83% |
| EPS (TTM) | Rs 4.66 |
| Promoter Holding | 75% |
IREDA Share Price Target 2024, 2025, 2030, 2035, 2040, 2045 and 2050
IREDA’s share price target are as follows ₹218 in 2024, ₹485 in 2025, ₹560 in 2026, ₹635 in 2027, ₹765 in 2028, ₹900 in 2029, ₹1,110 in 2030, ₹2,054 in 2035, ₹2,785 in 2040, ₹3,450 in 2045 and ₹4,570 in 2050.
IREDA Share Price Target 2024
In 2024, the market trend will remain the same throughout the year. In the short-term, IREDA’s share price is expected to vary between its all-time high of ₹218 and a minimum target of ₹193. This projection takes into account the company’s strong position in the renewable energy sector.
| Year | Minimum Target | Maximum Target |
| 2024 | ₹193 | ₹218 |
IREDA Share Price Target 2025
The year 2025 is anticipated to bring accelerated growth for IREDA’s share price. IREDA shares are expected to reach a maximum of ₹485 and minimum ₹264.25. This projection takes into account the rising interest of institutional investors in IREDA shares.
| Year | Minimum Target | Maximum Target |
| 2025 | ₹264.25 | ₹485 |
Also Read: NTPC Green Energy Share Price Target 2024 to 2050
IREDA Share Price Target 2026
IREDA share price in 2026 is forecasted to reach a maximum ₹560 if the market conditions remain favourable. With some volatility in the market, the share price may potentially reach a minimum ₹305 per share.
| Year | Minimum Target | Maximum Target |
| 2026 | ₹305 | ₹560 |
IREDA Share Price Target 2027
In 2027, the share price target of IREDA is expected to reach a maximum ₹635 and minimum ₹398 by the end of the year.
| Year | Minimum Target | Maximum Target |
| 2027 | ₹398 | ₹635 |
IREDA Share Price Target 2028
By 2028, analysts suggest that the share price of IREDA can range between a maximum ₹765 and minimum ₹475 throughout the year.
| Year | Minimum Target | Maximum Target |
| 2028 | ₹475 | ₹765 |
IREDA Share Price Target 2029
In 2029, IREDA will continue to adapt market conditions and capitalize on new opportunities in the renewable energy sector, and maintain its strong financial performance. Considering the new growth opportunities in the market, IREDA share will continue to increase exponentially and vary between a maximum ₹900 and minimum ₹508 in 2029.
| Year | Minimum Target | Maximum Target |
| 2029 | ₹508 | ₹900 |
Also Read : RVNL Share Price Target 2024 to 2050
IREDA Share Price Target 2030
In 2030, the share price target of IREDA is estimated to reach a maximum ₹1,110 and minimum ₹678. This significant rise reflects the growing momentum in the renewable energy sector and IREDA’s continued role in financing large-scale projects are likely to contribute to this growth.
| Year | Minimum Target | Maximum Target |
| 2030 | ₹678 | ₹1,110 |
IREDA Share Price Target 2035
By 2035, the share price of IREDA is projected to cross 2,000 mark and touch a maximum ₹2,054. As India’s economy growing, it is likely the increasing energy demand of a growing population will boost the renewable energy sector. IREDA will be benefitting from the market trend and capitalize on it as a leader in the industry.
| Year | Minimum Target | Maximum Target |
| 2035 | ₹1,300 | ₹2,054 |
IREDA Share Price Target 2040
Looking ahead to 2040, IREDA’s share is anticipated to keep rising along with the company’s market value. IREDA share Target for 2040 is expected to vary between a maximum ₹2,785 and minimum ₹1,836. This growth takes into account the company’s consistent performance, development of the renewable energy sector and government’s commitment to achieve required power demand and maintain clean energy goals.
| Year | Minimum Target | Maximum Target |
| 2040 | ₹1,836 | ₹2,785 |
IREDA Share Price Target 2045
This consistent growth pattern suggests investor confidence in IREDA’s long-term prospects. As India moves closer towards a pollution free environment, the demand for renewable energy and financing will reach new heights. IREDA is expected to finance these new renewable energy projects as a leader in the sector. Keeping that in mind, IREDA’s share price target in 2045 potentially crosses ₹3,000 mark by mid-year and maximum ₹3,450 by the end of the year, while minimum target is ₹2,345.
| Year | Minimum Target | Maximum Target |
| 2045 | ₹2,345 | ₹3,450 |
IREDA Share Price Target 2050
In Long-term, government commitments to renewable energy, both in India and globally, will likely create a favorable environment for IREDA’s growth. If the company performs well then IREDA share price is expected to reach as high as ₹4,570 and low ₹3,000 in 2050.
| Year | Minimum Target | Maximum Target |
| 2050 | ₹3,000 | ₹4,570 |
Summary of IREDA Share Price Target 2024 to 2050
| Year | Minimum Target | Maximum Target |
| 2024 | ₹193 | ₹218 |
| 2025 | ₹264.25 | ₹485 |
| 2026 | ₹305 | ₹560 |
| 2027 | ₹398 | ₹635 |
| 2028 | ₹475 | ₹765 |
| 2029 | ₹508 | ₹900 |
| 2030 | ₹678 | ₹1,110 |
| 2035 | ₹1,300 | ₹2,054 |
| 2040 | ₹1,836 | ₹2,785 |
| 2045 | ₹2,345 | ₹3,450 |
| 2050 | ₹3,000 | ₹4,570 |
IREDA Share Holding Pattern
The shareholding pattern of IREDA provides valuable insights into investor confidence and market trends.
Promoter Holding: As mentioned earlier, the promoters, primarily the government, hold a dominant 75% of the shares. This substantial stake demonstrates the government’s commitment to IREDA’s mission and its confidence in the company’s future prospects.
Public Investor: Retail and other investors account for 21.88% of the shareholding, indicating a huge investor interest in IREDA shares.
FII Holding: Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI) have shown increasing interest in IREDA. Their holdings have grown from 1.36% to 2.70% in the June 2024 quarter, with the number of FII/FPI buyers rising from 80 to 118. This increasing number in foreign investment suggests growing international recognition of IREDA’s potential, likely driven by India’s expanding renewable energy sector and IREDA’s crucial role in financing these projects.
DII Holding: The remaining 0.42% of stake hold by domestic institutional investors
Let’s quickly look at the share Holding pattern of the company.
| Month | Promoters | FIIs | DIIs | Public Holding |
| Jun-24 | 75% | 2.70% | 0.42% | 21.88% |
| Mar-24 | 75% | 1.36% | 0.95% | 22.69% |
| Dec-23 | 75% | 1.88% | 4.37% | 18.75% |
| Nov-23 | 75% | 3.95% | 8.53% | 12.52% |
Future Outlook of IREDA Share
The current market position of IREDA reflects its strong fundamentals, strategic importance in India’s renewable energy landscape, and growing investor interest. As the country continues to push for sustainable energy solutions, IREDA’s role in financing these initiatives positions it well for future growth and market performance. However, Investor sentiment, government policies, SEBI rules, interest of institutional investors could impact the share price performance.
FAQs
What is the target price of IREDA in 2024?
In 2024, the current market trend is likely to remain the same. IREDA’s share is expected to vary between maximum ₹218 and a minimum ₹193.
What is the target price for IREDA in 2025?
By 2025, the target price for IREDA in 2025 can be maximum ₹485 and minimum ₹264.25.
What is the target of IREDA in 2030?
IREDA share price is estimated to reach a maximum ₹1,110 and minimum ₹678.
What is the price target for IREDA in 2040?
By 2040, the share price target for IREDA is expected to reach maximum ₹2,785 and minimum ₹1,836.
What is the share price target of IREDA in 2050?
In the long-term, IREDA’s share price is estimated to reach ₹4,570 and minimum ₹3,000.
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