India’s renewable energy transition needs more than solar panels and wind turbines. It also needs long-term finance. That is where Indian Renewable Energy Development Agency Limited (IREDA) comes in. The company lends to eligible renewable energy and energy-efficiency projects, so its prospects depend not only on India’s clean-energy ambitions but also on loan growth, funding costs, repayment quality and profitability.
IREDA has attracted investor attention since its 2023 stock-market listing. Yet a growing loan book does not automatically mean a rising share price. This guide examines the IREDA share price on NSE, its chart and history, IPO price, dividend record, recent financial performance and the factors that may influence its 2026, 2027 and 2030 outlook. It also explains how to assess analyst targets without treating estimates as promises.
IREDA Share Price on NSE: Company Details
| Particular | Information |
|---|---|
| Company | Indian Renewable Energy Development Agency Limited |
| NSE symbol | IREDA |
| BSE code | 544026 |
| ISIN | INE202E01016 |
| Business | Renewable energy financing NBFC |
| Ministry | Ministry of New and Renewable Energy |
| IPO issue price | ₹32 per share |
| Listing date | 29 November 2023 |
IREDA is a specialised non-banking financial company (NBFC) and a government-owned enterprise. It finances solar, wind, hydro, biomass, energy-efficiency and other eligible clean-energy projects. Unlike a power generator, IREDA does not mainly earn by selling electricity. Its core business is providing finance and earning interest and related income.
IREDA Share Price Today and NSE Quote
The IREDA share price changes during market hours. For the historical comparison used in this article, the NSE closing reference was ₹111.46 on 6 November 2026. The reported 52-week range in that reference period was ₹98.78 to ₹153.48. These are historical figures, not a live quote. Check the official NSE IREDA quote for the latest traded price, volume and market data.
Why IREDA Matters to India’s Renewable Energy Sector
Solar parks, wind farms, hydroelectric facilities, storage systems and associated transmission infrastructure require large amounts of capital. Developers often need long-term loans because construction costs arise before a project begins generating stable cash flows. IREDA participates in this financing chain by lending to eligible projects and organisations.
India’s renewable-energy expansion can create a large addressable market for lenders. But sector growth alone does not guarantee returns for IREDA shareholders. The company must select creditworthy borrowers, price loans sensibly, raise funds at competitive rates and collect repayments on time. Investors should separate the opportunity in clean energy from the financial performance of the lender.
IREDA Latest Financial Results: Q2 FY27
The company’s audited September-quarter FY27 financial statements provide a useful view of its recent performance. The figures below distinguish revenue from operations from total income.
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹2,343.73 crore |
| Total income | ₹2,344.76 crore |
| Profit before tax | ₹706.58 crore |
| Net profit | ₹554.27 crore |
| Loan book | About ₹97,411 crore |
| Loan disbursements | About ₹10,579 crore |
Reported year-on-year comparisons indicated revenue growth of roughly 14%, while net profit growth was much more modest at around 1%. The loan book grew by approximately 15%, and disbursements rose strongly. This difference matters: the business is expanding, but revenue growth is not flowing through to quarterly profit at the same rate. Investors should look for the reasons in funding expenses, provisions, operating costs and margins.
Asset quality: Gross NPA and Net NPA
| Indicator | Q2 FY27 |
|---|---|
| Gross NPA ratio | 3.57% |
| Net NPA ratio | 1.08% |
| Provision coverage ratio | 70.44% |
The reported net NPA ratio improved from 1.97% in the corresponding quarter of the previous year to 1.08%. That is encouraging, but one quarter does not settle the question of credit quality. Follow gross NPAs, fresh slippages, recoveries, restructured loans and provisioning in subsequent results.
IREDA Share Price Chart and Historical Performance
A share-price chart helps investors see trends, volatility and trading ranges. IREDA’s post-listing history includes a strong rally after its IPO, a major peak in 2024 and a subsequent correction. Historical market data providers show an all-time high around ₹310 in July 2024. The stock’s later trading range demonstrates why investors should not assume that a strong sector theme protects a share from valuation corrections.
When reading the IREDA share price chart, check the 52-week high and low, trading volume, 50-day and 200-day moving averages, RSI and areas of support or resistance. Technical indicators describe price behaviour; they do not predict the future with certainty. Compare chart signals with earnings and valuation.
View the official NSE IREDA quote and chart.
IREDA IPO Share Price: Issue Price and Listing
IREDA’s IPO opened on 21 November 2023 and closed on 23 November 2023. The issue price was ₹32 per share, comprising a face value of ₹10 and a premium of ₹22. The issue was subscribed about 38.8 times overall. Shares listed on NSE and BSE on 29 November 2023 and made a strong market debut. Government information reported that the stock closed at ₹60 on listing day.
The IPO price is useful historical context, not a fair-value estimate for the company today. Since listing, the loan book, earnings, share count, market expectations and valuation have changed. Investors should compare the current market price with earnings per share, book value, return on equity and the quality of future growth.
IREDA Share Price Dividend and Dividend Dates
IREDA has declared dividends, but investors should not automatically treat it as a high-yield income stock. The FY26 corporate-action records referenced for this article show an interim dividend of ₹0.60 per share and a final dividend of ₹0.75 per share, for a combined ₹1.35 per share.
| Dividend | Amount per share | Ex-date / Record date |
|---|---|---|
| Interim | ₹0.60 | 2 April 2026 |
| Final | ₹0.75 | 11 September 2026 |
| Total FY26 | ₹1.35 | — |
The ex-dividend date is the date from which a share trades without the entitlement to the declared dividend. The record date is when the company checks its shareholder records to identify eligible holders. Always verify the latest company and exchange announcement before relying on a date.
Dividend yield is calculated as annual dividend per share divided by the market price, multiplied by 100. For illustration, ₹1.35 divided by a reference price of ₹111.46 gives an indicative yield of about 1.21%. This is not a forecast of future yield. The market price changes and future dividends are not guaranteed.
See the official IREDA dividend information.
IREDA Share Price Target 2026: Analyst Estimates and Reality
A publicly reported analyst-consensus snapshot cited in market data showed a 12-month average target of ₹135, with a lower estimate of ₹120 and a higher estimate of ₹150. The snapshot was based on only two analysts. These figures are estimates, not guaranteed outcomes, and should be checked for freshness before use.
| Consensus estimate | Price | Indicative change vs ₹111.46 |
|---|---|---|
| Lower | ₹120 | About 7.7% |
| Average | ₹135 | About 21.1% |
| Higher | ₹150 | About 34.6% |
The comparison is arithmetic based on a historical reference close, not a return promise. Analyst targets differ because assumptions about loan growth, net interest margins, funding costs, asset quality, earnings and valuation differ. A target may also become outdated after new results or a material change in the market price.
IREDA share price target 2026 Motilal Oswal
Searches for an IREDA share price target 2026 Motilal Oswal should lead readers to an original, dated brokerage report. A current original Motilal Oswal research note establishing a target was not independently verified for this article. Do not attribute the ₹135 general consensus figure to Motilal Oswal. Check the brokerage name, report date, recommendation and assumptions before quoting any target.
IREDA Share Price Target 2027
A 2027 outlook depends on whether IREDA can turn a larger loan book into sustainable earnings. Investors should track disbursement quality, borrower cash flows, net interest margin, cost of funds, gross and net NPAs, provisioning and capital adequacy. Faster lending growth can be positive, but growth funded at high cost or extended to weak borrowers may damage returns.
There is no dependable fixed 2027 share price that can be guaranteed. A sensible assessment updates assumptions after each quarterly result and compares the company’s valuation with its earnings and book value. Earlier highs are not a reason by themselves to expect a recovery.
IREDA share price target 2027 Motilal Oswal
Do not present a 2027 Motilal Oswal target unless an original report confirms the figure and date. Third-party search snippets can mix old research, generic forecasts and unrelated analyst estimates. Label each forecast by its actual source and publication date.
IREDA Share Price Target 2030: Long-Term Scenarios
The long-term opportunity is linked to India’s investment in renewable generation, storage, grid connections and energy efficiency. IREDA may benefit if developers need more financing and the company maintains credit discipline. However, national capacity goals do not translate directly into a share-price target.
Bull case
In a favourable scenario, the loan book expands steadily, funding costs remain competitive, asset quality improves and earnings per share rise. Consistent returns on equity and disciplined capital allocation could support a stronger valuation.
Base case
In a moderate scenario, lending grows but competition and funding costs limit margin expansion. Profit rises gradually and the market values the company according to realised earnings rather than the clean-energy theme alone.
Bear case
In a weaker scenario, project delays, borrower stress, higher borrowing costs or additional provisioning reduce profitability. The company may also need more capital to support growth. A share issue can strengthen the balance sheet but may dilute existing holders if earnings do not grow sufficiently.
A simple valuation method
One basic method is: estimated share value = expected earnings per share multiplied by an assumed P/E ratio. Both inputs are uncertain. EPS depends on loan growth, margins, credit losses, expenses and share count. The P/E multiple depends on risk, growth expectations and market conditions. A precise 2030 price without transparent assumptions would create false confidence.
IREDA Share Price Screener: Ratios to Check
A stock screener can narrow the research, but no single ratio tells the full story. For a lender, investors should review:
- Price-to-earnings (P/E): market price relative to earnings per share. Compare only with relevant financial companies and check whether earnings are recurring.
- Price-to-book (P/B): market valuation relative to shareholders’ equity. A premium may reflect expected growth, but it can also mean expectations are already high.
- Return on equity (ROE): how effectively shareholder capital generates profit. Look at several years, not just one quarter.
- Net interest margin (NIM): the spread earned on interest-bearing assets after interest expenses. Rising funding costs can pressure this measure.
- Gross and net NPAs: indicators of borrower stress and remaining problem loans.
- Provision coverage: the buffer maintained against possible credit losses.
- Capital adequacy and funding mix: measures of financial resilience and access to funding.
Use the latest reported figures and compare them with prior periods. Market ratios change with share price and reported earnings, so avoid copying an old screener snapshot as if it were current.
What Could Support IREDA’s Growth?
- More renewable project financing: solar, wind, hydro, storage and grid investment can create demand for long-term credit.
- Competitive funding: lower-cost and diversified funding can improve lending economics.
- Better recoveries: stronger collections and fewer stressed accounts can reduce credit costs.
- Stable margins: matching loan pricing with the cost and duration of funds is essential.
- Consistent EPS growth: long-term shareholders ultimately need growth in value per share, not just a larger loan book.
Risks That Can Affect IREDA Share Price
Loan repayment risk
Renewable projects can face construction delays, lower-than-expected generation, payment delays from electricity buyers or weak project economics. Borrower stress can increase NPAs and provisions.
Higher borrowing costs
IREDA raises funds to lend. If its borrowing costs rise faster than the yield on its loan book, net interest margins and profitability may come under pressure.
Project execution and transmission constraints
Land, approvals, equipment, grid connections and transmission capacity can delay projects. Such delays may affect project cash flows and borrowers’ ability to repay.
Competition
Banks and other financial institutions also finance renewable energy projects. Competition can influence lending rates, borrower selection and margins.
Policy and regulatory changes
Changes in incentives, power procurement rules, lending regulations or sector priorities can affect project economics and financing demand.
Valuation volatility and dilution
Even good results may not lift a stock if the market expected more or if its valuation was already demanding. Additional equity issuance may support growth but can dilute existing shareholders.
Is IREDA Suitable for Long-Term Investors?
IREDA may interest investors who understand financial companies and are comfortable with market and credit risk. Its specialised role in renewable financing and expanding loan book are relevant strengths. Improving net NPA is encouraging. However, modest quarterly profit growth relative to revenue growth deserves attention, as do funding costs, capital needs and project risk.
Separate the business question from the valuation question. First ask whether IREDA can grow its loan book while maintaining asset quality and margins. Then ask whether the market price already reflects that growth. A promising business is not automatically a good investment at every price.
How to Follow IREDA’s Next Results
Use primary disclosures wherever possible. Review quarterly and half-yearly results, annual reports, investor presentations, shareholding patterns, dividend announcements, credit-rating reports and capital-raising updates. Compare each quarter with the same period a year earlier and also examine the six-month numbers.
Visit the official IREDA financial results page and the NSE corporate filings section. Official disclosures should take priority over social-media claims and forwarded messages.
Frequently Asked Questions
What is the IREDA share price on NSE?
IREDA trades on NSE under the symbol IREDA. The historical closing reference used in this article is ₹111.46 on 6 November 2026. Check NSE for the latest live quote.
What is the IREDA share price target 2026?
A reported two-analyst consensus snapshot showed an average 12-month estimate of ₹135, with a range of ₹120 to ₹150. It is a small-sample estimate, not a guaranteed target.
What is the IREDA share price target 2027?
No fixed 2027 price can be guaranteed. Loan growth, profitability, asset quality, funding costs and valuation will influence performance.
What is the IREDA share price target 2030?
The 2030 outlook depends on the company’s ability to finance renewable projects profitably. Scenario analysis is more responsible than presenting an unsupported fixed target.
What was the IREDA IPO share price?
The IPO issue price was ₹32 per share. The shares listed on 29 November 2023.
Does IREDA pay dividends?
FY26 corporate-action records show an interim dividend of ₹0.60 and a final dividend of ₹0.75 per share. Future dividends are not guaranteed.
Does Motilal Oswal have an IREDA target?
A current original Motilal Oswal report confirming a target was not independently verified for this article. Do not attribute general consensus estimates to that brokerage.
How can I check IREDA share price today?
Use NSE or BSE quote pages for the latest price, volume and trading data. Also review financial results and corporate announcements.
Is IREDA a power-generation company?
No. IREDA is primarily a specialised renewable-energy financing NBFC. It provides finance to eligible projects rather than mainly selling electricity.
Why can IREDA fall after good results?
The market may focus on profit margins, provisions, asset quality, valuation or expectations. A company can report growth while its share price falls if results are below what investors expected.
Conclusion
IREDA has an important role in India’s renewable energy financing ecosystem. Its expanding loan book and improving net asset quality provide reasons to follow the company. At the same time, the gap between revenue growth and quarterly profit growth, funding costs, credit quality and capital requirements deserve close attention.
Investors should not make decisions only from an IREDA share price target for 2026, 2027 or 2030. A better approach is to monitor actual results, compare valuation with earnings and assess whether lending growth is creating sustainable shareholder value. India’s clean-energy opportunity is significant, but the quality of IREDA’s financing business will determine how much value it creates for shareholders.
Disclaimer: This article is for educational and informational purposes only. It is not a recommendation to buy, sell or hold IREDA shares. Prices, forecasts and financial conditions can change. Review official disclosures and consult a SEBI-registered investment adviser before making investment decisions.
