Leading Navratna public sector undertaking (PSU) IREDA share price today settled with the surge of 9.78% on Bombay Stock Exchange (BSE) to Rs 170.05 per share. The PSU stock also hit 10% upper circuit during trading hours on BSE. Indian Renewable Energy Development Agency Ltd shares offered shareholders impressive gains of 23.14% but the stock slid 23.33% year-to-day (YTD). The company has a market capitalisation of Rs 45,705.44 crore. Its return on equity is 45,705.44 crore. Meanwhile, Board of Directors of the company will hold meeting tomorrow to consider borrowing plans for FY 25-26. It is worth mentioning that FII has 1.9% stake in the company. Check details below:
Board of IREDA To Consider Borrowing Plans Tomorrow
According to the BSE filing of IREDA dated March 20, 2025, “In compliance of Regulation 29 & 50(1) of SEBI (Listing and Disclosure Requirements) Regulations 2015, this is to inform that Board meeting of Indian Renewable Energy Development Agency Limited will be held on Tuesday, March 25, 2025, inter-alia, to consider the matter w.r.t. Borrowing Plan for the FY 2025-26.”
IREDA Shares Performance
The 52-week high price of IREDA shares price on BSE is Rs 310.00 per share (as on 15/07/2024) and 52-week low price is Rs 132.50 per share (as on 22/03/2024), respectively. In last 2-weeks, IREDA stock offered gains of 18.17% and slipped 25.22% in last 6-months. The PSU stock zoomed 22.65% in last 1-year. The shares opened at Rs 156.95 per share, touched day’s high of Rs 173.30 per share and day’s low of Rs 156.70 apiece during today’s trading on BSE.
IREDA Shares Dropped 45.15% From 52-Week High
IREDA shares witnessed steep fall of 45.15% from 52-week high price of Rs 310.00 per share at the last trading price. The chief factor that led to fall in the share price is the decline in the asset quality for the Dec 2024 quarter. IREDA announced a 30.4% surge in Gross Non-Performing Assets (NPAs) as Net NPAs soared 53.75%. Meanwhile, gross NPA jumped 2.68 from 2.19% in previous quarter as net NPA soared to 1.5% from 1.04%. It caused apprehensions about its loan book in view of the company’s aggressive lending method.
IREDA Financials Compared With Peer Group
The company reported its PAT at Rs 425.38 crore for the December 2024 quarter. In comparison, PFC announced the profit after tax (PAT) of 2075.84 crore, TFCILTD announced the PAT at Rs 22.93 crore, and GUJSTATFIN’s PAT reported at Rs -31.66 crore.
IREDA Dividend History
The company never recommended any dividend till date.
IREDA About
Indian Renewable Energy Development Agency Limited (IREDA) was established on 11th March, 1987 as a Public limited Government Company under the Companies Act, 1956 and it promotes, develops and extends financial assistance for Renewable Energy and Energy Efficiency/Conservation Projects, according to its official website.
Disclaimer: The story highlights rally in shares and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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