IREDA Share Price Target This post will discuss the future price targets of IREDA shares from 2024 to 2030, building on the current share price of ₹150.80. Detailed information on IREDA’s share price targets will be provided.
IREDA Share Price Target
The Indian Renewable Energy Development Agency is expected to experience a steady increase in its share price in the future, offering promising returns for long-term investors. With a growing number of interested investors, the IREDA share is being closely monitored. The projected share prices for IREDA are as follows: 2023 ₹87.20, 2024 ₹144.56, 2025 ₹156.76, 2026 ₹174.40, 2027 ₹201.54, and an estimated ₹254.43 by 2030.
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IREDA Company Details
IREDA exemplifies India’s dedication to sustainable energy solutions, being founded in 1987 as a non-banking financial entity under the Ministry of New and Renewable Energy’s supervision. IREDA has played a vital role in advancing the renewable energy sector by focusing on wind, hydro, solar power, and other sustainable resources.
IREDA’s share price target is set at ₹210.56 for 2024 to drive further growth.
IREDA Share Price Target 2025
IREDA is targeting a share price of ₹247.98 by 2025 to foster additional growth.
IREDA Share Price Target 2030
IREDA aims for a share price target of ₹354.43 by 2030 to fuel future growth.
IREDA Share Price Target 2024
IREDA Company launched its IPO in November, got listed, and experienced a rise in shares. Investors began investing due to the continuous increase. The projected IREDA share price target for 2024 is ₹210.56, with an initial decline expected.
IREDA Share Price Target 2024
Price
January 2024
₹150.40
February 2024
₹155.45
March 2024
₹158.50
April 2024
₹164.50
May 2024
₹169.60
June 2024
₹172.75
July 2024
₹175.75
August 2024
₹186.80
September 2024
₹190.90
October 2024
₹195.90
November 2024
₹199.95
December 2024
₹210.56
IREDA Share Price Target 2024
₹210.56
IREDA Share Price Target 2025
Investors in IREDA company must prioritize understanding that IREDA provides loans. Failure to recover these loans can impact its share price. Despite investors setting high share price targets, caution is advised. Any future loan recovery issues could lead to a significant drop in the company’s stock value. IREDA aims for a share price target of ₹247.98 in 2025 to drive further growth.
IREDA Share Price Target 2025
Price
January 2025
₹222.10
February 2025
₹234.10
March 2025
₹230.20
April 2025
₹232.20
May 2025
₹234.15
June 2025
₹235.10
July 2025
₹237.20
August 2025
₹230.30
September 2025
₹238.35
October 2025
₹242.40
November 2025
₹245.40
December 2025
₹247.98
IREDA Share Price Target 2025
₹247.98
IREDA Share Price Target 2026
IREDA company is expected to experience growth, however, there may be reduced opposition to its shares due to investors booking profits and exiting, resulting in lower prices. Despite this, long-term investors of IREDA may find this share promising. The target share price for IREDA in 2026 is ₹256.76, indicating potential growth ahead.
IREDA Share Price Target 2026
Price
January 2026
₹248.60
February 2026
₹248.65
March 2026
₹249.70
April 2026
₹250.75
May 2026
₹251.80
June 2026
₹121.90
July 2026
₹250.00
August 2026
₹252.30
September 2026
₹253.35
October 2026
₹253.40
November 2026
₹254.40
December 2026
₹256.76
IREDA Share Price Target 2026
₹256.76
IREDA Share Price Target 2027
The projected IREDA share price target is ₹274.40 for the year 2027, with the aim of achieving additional growth.
IREDA aims for further growth with a share price target of ₹301.54 in 2028.
IREDA Share Price Target 2028
Price
January 2028
₹275.50
February 2028
₹277.50
March 2028
₹279.50
April 2028
₹280.60
May 2028
₹283.65
June 2028
₹288.60
July 2028
₹290.44
August 2028
₹292.50
September 2028
₹294.00
October 2028
₹295.30
November 2028
₹298.55
December 2028
₹301.54
IREDA Share Price Target 2028
₹301.54
IREDA Share Price Target 2029
The projected IREDA share price target for 2029 is ₹321.34 to fuel future growth.
IREDA Share Price Target 2029
₹321.34
IREDA Share Price Target 2030
IREDA Company played a part in the National Shore Mission program, which began in 2010 with the goal of propelling India forward in solar energy. By working with global entities and financial support, IREDA has played a key role in the renewable energy industry, extending its influence internationally. The projected IREDA share price target is ₹354.43 by 2030 to foster future expansion.
IREDA Share Price Target 2030
Price
January 2030
₹323.10
February 2030
₹325.20
March 2030
₹326.40
April 2030
₹328.60
May 2030
₹331.65
June 2030
₹333.80
July 2030
₹335.00
August 2030
₹338.30
September 2030
₹340.60
October 2030
₹345.70
November 2030
₹349.90
December 230
₹354.43
IREDA Share Price Target 2030
₹354.43
IREDA Share Price Target Images 2024 To 2030
Disclaimer
Please be advised that we do not have authorization from SEBI (Securities and Exchange Board of India). The content on this website is intended for educational and informational purposes solely and should not be interpreted as financial advice. Investing in the stock market carries inherent risks. Stock price predictions are provided for reference purposes only. Predictions are reliable only in the presence of positive market signals. We disclaim any liability for financial losses resulting from the information presented on this website. Conduct your own research before making any investments.
IREDA Company Background
IREDA, founded in 1987, is a Non-Banking Financial Company (NBFC) and Public Financial Institution (PFI) that has a proven history of backing the renewable energy industry.
Key activities include:
Providing loans, grants, and guarantees to renewable energy projects.
Undertaking consultancy and capacity building initiatives.
Promoting research and development in renewable energy technologies.
Financial Performance
The company recently went public in November 2023, raising Rs. 500 crore through its Initial Public Offering (IPO).
As of December 25, 2023, the share price is Rs. 123.20, slightly below the issue price of Rs. 124.
FY23 financial performance:
Revenue: Rs. 2,347 crore
Profit after tax: Rs. 342 crore
Return on Equity (ROE): 14.6%
Current Scenario
Strong Fundamentals: IREDA boasts a robust financial profile with a healthy debt-to-equity ratio, consistent profitability, and a growing loan book. Its recent IPO in November 2023 further strengthened its financial position and provided access to additional capital for future growth.
Market Position: The renewal energy company enjoys a dominant position in the Indian renewable energy financing market, with a market share exceeding 60%. Its expertise and strong relationships with developers and financial institutions give it a significant competitive edge.
Policy Tailwinds: The Indian government has set ambitious renewable energy targets, aiming to achieve 500 GW by 2030. This will create a massive opportunity for Indian Renewable Energy Development Agency Ltd as it is the primary financial facilitator for renewable energy projects.
Global Trends: The global push towards decarbonization is driving significant investments in renewable energy. This trend benefits IREDA as it can tap into international funding sources and expand its operations beyond India.
Growth Prospects
India’s ambitious renewable energy targets of 500 GW by 2030 and 1000 GW by 2050 present significant growth opportunities for .
Government initiatives like Production Linked Incentive (PLI) schemes and Green Hydrogen Mission further support the renewable energy sector.
IREDA’s recent foray into retail segments like rooftop solar and PM-KUSUM scheme expands its reach and diversifies its portfolio.
Challenges and Risks
Interest Rate Fluctuations: Rising interest rates can impact IREDA’s profitability, as its loan portfolio is primarily fixed-rate.
Project Execution Delays: Delays in project execution can lead to non-performing loans and affect Indian Renewable Energy Development Agency financial performance.
Competition: Increasing competition from private players and other financial institutions could put pressure on Indian Renewable Energy Development Agency’s market share.
Policy Uncertainty: Changes in government policies could impact the renewable energy sector and IREDA’s business prospects.
