āagmanLoginNot investment advice. Data and computed figures, for information only.
Indian Renewable Energy Development Agency Ltd
₹108.26
−₹0.21 (−0.19%)
NSE · 15 Oct 2026, close
Market Cap
₹29,328 Cr
CMP
₹108.26
52-wk High / Low
₹159 / 103
P/E
14.9
P/B
2.1
Book Value
₹49.1
Div Yield
1.29%
ROCE
8.7%
ROE
16.0%
Face Value
₹10
D/E
5.65
Price−28.3% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹86
√(22.5 × EPS × book value per share)
Cash flow to profit
−7.73
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
12.9%
ROE × earnings retention ratio
ROE stability
2.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.34DII −0.05
Latest quarter vs the previous one
Cash-accrual divergence
19.2%
of assets
Low = accruals track cash flow
Strengths
+PE of 14.9x is below the sector median of 20.4x
Watch-outs
−Latest ROCE of 8.7% trails the sector median of 9.4%
−Price trades below its 200-day moving average (0.9x)
−Price is 31.8% below its 52-week high
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 19.2% of average assets — earnings are not cash-backed
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,391 | 1,510 | 1,630 | 1,698 | 1,905 | 1,948 | 2,057 | 2,130 | 2,175 | 2,249 |
| Expenses | 56 | 51 | 131 | 119 | 171 | 427 | 138 | 179 | 309 | 486 |
| Operating Profit | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 1 | 1 | 11 | 12 | 1 | 10 | 6 | 1 |
| Interest | 847 | 975 | 1,030 | 1,032 | 1,104 | 1,218 | 1,213 | 1,233 | 1,241 | 1,341 |
| Depreciation | 9 | 9 | 9 | 10 | 11 | 10 | 10 | 11 | 13 | 10 |
| Profit before tax | 480 | 476 | 460 | 538 | 630 | 305 | 696 | 717 | 619 | 414 |
| Net Profit | 337 | 384 | 388 | 425 | 502 | 247 | 549 | 585 | 493 | 339 |
| EPS (₹) | 1.26 | 1.43 | 1.44 | 1.58 | 1.87 | 0.88 | 1.96 | 2.08 | 1.75 | 1.21 |
Profit & Loss
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,331 | 1,810 | 2,020 | 2,369 | 2,614 | 4,965 | 6,755 | 8,339 | 8,612 |
| Expenses | 194 | 240 | 431 | 649 | 496 | 85 | 472 | 1,052 | 1,112 |
| Operating Profit | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — |
| Other Income | −7 | 7 | −72 | 3 | 44 | −1 | 0 | −1 | 17 |
| Interest | 810 | 1,006 | 1,183 | 1,459 | 1,570 | 3,164 | 4,141 | 4,905 | 5,028 |
| Depreciation | 7 | 21 | 23 | 23 | 23 | 30 | 39 | 44 | 44 |
| Profit before tax | 313 | 549 | 311 | 241 | 570 | 1,685 | 2,104 | 2,338 | 2,446 |
| Net Profit | 210 | 405 | 250 | 215 | 346 | 1,252 | 1,698 | 1,874 | 1,966 |
| EPS (₹) | 267.74 | 5.17 | 3.18 | 2.74 | 4.41 | 4.66 | 6.32 | 6.67 | 7.00 |
Balance Sheet
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 785 | 785 | 785 | 785 | 785 | 2,688 | 2,688 | 2,809 | — |
| Reserves | 1,643 | 1,661 | 1,800 | 1,737 | 2,211 | 5,872 | 7,579 | 10,976 | — |
| Other Liabilities | 3,592 | 2,937 | 3,181 | 3,277 | 3,298 | 4,354 | 1,861 | 2,177 | — |
| Total Liabilities | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 | 62,600 | 76,867 | 93,808 | — |
| Fixed Assets | 318 | 314 | 303 | 282 | 266 | 361 | 349 | 320 | — |
| CWIP | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Investments | 0 | 1 | 0 | 1 | 1 | 101 | 600 | 884 | — |
| Other Assets | 18,479 | 20,050 | 24,215 | 27,370 | 30,027 | 62,138 | 75,918 | 92,603 | — |
| Total Assets | 18,797 | 20,368 | 24,518 | 27,652 | 30,293 | 62,600 | 76,867 | 93,808 | — |
| Borrowing | 12,777 | 14,985 | 18,753 | 21,854 | 24,000 | 49,687 | 64,740 | 77,846 | — |
Cash Flows
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | −1,282 | −1,846 | −5,018 | −1,709 | −3,206 | −11,100 | −14,460 | −14,477 |
| Cash from Investing Activity | −282 | −53 | −37 | 0 | −2 | −23 | −518 | −281 |
| Cash from Financing Activity | 2,644 | 1,701 | 3,736 | 2,141 | 2,441 | 11,059 | 14,960 | 14,748 |
| Net Cash Flow | 1,081 | −198 | −1,319 | 431 | −767 | −64 | −17 | −10 |
Ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | — | — | — | — | — | — | 8.7 |
| ROE % | 9.0 | 17.0 | 12.0 | 8.0 | 13.0 | 15.0 | 18.0 | 16.0 |
| EPS (₹) | 267.74 | 5.17 | 3.18 | 2.74 | 4.41 | 4.66 | 6.32 | 6.67 |
| Book Value (₹) | — | — | — | — | — | — | — | 49.1 |
| Face Value (₹) | — | — | — | — | — | — | — | 10 |
| P/E | — | — | — | — | — | — | — | 14.9 |
| Div Yield % | — | — | — | — | — | — | — | 1.29 |
| NPM % | 15.9 | 22.3 | 12.8 | 9.1 | 13.0 | 25.2 | 25.1 | 22.5 |
| OPM % | — | — | — | — | — | — | — | — |
| D/E | 5.26 | 6.13 | 7.25 | 8.67 | 8.01 | 5.80 | 6.31 | 5.65 |
| P/B | — | — | — | — | — | — | — | 2.1 |
Growth
Compounded sales growth
5 years+26.0%
TTM+20.0%
Compounded profit growth
5 years+40.0%
TTM+26.0%
Stock price CAGR
Last year−31.0%
Return on equity
3 years16.0%
Last year16.0%
Documents
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseExtension Of Additional Charge Of Post Of The Chairman & Managing Director, IREDA To Dr. Bijay Kumar Mohanty, Director (Finance)Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMCorporate actions
11 Sep 2026DIVIDENDDividend - Re 0.75 Per Share—
2 Apr 2026DIVIDENDInterim Dividend - Re 0.60 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman