The Indian Renewable Energy Development Agency Ltd. (IREDA) is a major player in India’s renewable energy financing sector. Since its recent IPO, the company’s share price has seen significant movement, attracting attention from investors looking for growth in the renewable energy field. This blog delves into IREDA share price targets for 2024, 2025, 2026, 2030, and 2040, with insights on its business prospects, financial growth, and anticipated performance for each period.
IREDA Share Price History
| Event | Date | Price (₹) |
|---|---|---|
| IPO Launch | Nov 29, 2023 | 50 |
| 52-Week Low | Nov 29, 2023 | 49.99 |
| 52-Week High | Jul 15, 2024 | 310 |
| Current Price | Oct 2024 | 234.15 |
IREDA Share Price Target 2024
With its IPO debut in late 2023, IREDA’s share price is expected to experience continued growth into 2024. Here’s a month-by-month target projection:
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| November | 218 | 240 |
| December | 240 | 265 |
2024 Price Prediction Insights
Analysts expect IREDA to continue an upward trend in 2024, backed by a strong technical setup and positive investor sentiment. Its growing role in renewable energy financing positions it as a potentially profitable stock as demand for clean energy solutions rises.
IREDA Share Price Target 2025
The year 2025 is anticipated to bring substantial growth for IREDA, as the company expands its financing activities in renewable energy projects. Below is the expected range for each month:
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 264 | 285 |
| February | 285 | 300 |
| March | 300 | 320 |
| April | 320 | 345 |
| May | 345 | 365 |
| June | 365 | 385 |
| July | 385 | 405 |
| August | 405 | 440 |
| September | 440 | 470 |
| October | 470 | 490 |
| November | 490 | 520 |
| December | 520 | 560 |
2025 Price Prediction Insights
IREDA’s share price target for 2025 reflects the rising demand for renewable energy financing. Analysts are optimistic due to the government’s continued push for green energy and sustainable development, with high expectations for IREDA’s stock.
IREDA Share Price Target 2026
IREDA’s share price is projected to maintain an upward trajectory through 2026. Here’s a detailed month-wise breakdown:
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 305 | 325 |
| February | 325 | 340 |
| March | 340 | 365 |
| April | 365 | 390 |
| May | 390 | 415 |
| June | 415 | 445 |
| July | 445 | 475 |
| August | 475 | 500 |
| September | 500 | 530 |
| October | 530 | 550 |
| November | 550 | 580 |
| December | 580 | 600 |
2026 Price Prediction Insights
Analysts believe that by 2026, IREDA will be a significant contributor to India’s renewable energy financing sector. As such, it could attract a larger investor base, propelling its stock to new highs.
IREDA Share Price Target 2030
The long-term target for 2030 shows optimistic growth as IREDA is expected to play a major role in India’s transition to renewable energy. Here’s the projected range:
| Month | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| January | 678 | 700 |
| February | 700 | 750 |
| March | 750 | 800 |
| April | 800 | 850 |
| May | 850 | 900 |
| June | 900 | 960 |
| July | 960 | 1,020 |
| August | 1,020 | 1,080 |
| September | 1,080 | 1,140 |
| October | 1,140 | 1,200 |
| November | 1,200 | 1,300 |
| December | 1,300 | 1,400 |
2030 Price Prediction Insights
Analysts predict strong momentum in IREDA’s share price by 2030, driven by India’s commitment to renewable energy expansion. IREDA’s financial performance and market position are key to realizing these targets.
IREDA Share Price Target 2040
With a robust demand outlook, IREDA’s projected average share price for 2040 is expected to reflect solid growth:
| Year | Minimum Target (₹) | Maximum Target (₹) | Average Target (₹) |
|---|---|---|---|
| 2040 | 937 | 1,200 | 1,068.50 |
2040 Price Prediction Insights
By 2040, IREDA’s share price is expected to reflect India’s complete transition to renewable energy. The company’s significant investments and strategic financing efforts make it a long-term asset for investors.
IREDA Financial Performance
IREDA has shown remarkable growth across financial metrics in recent years, which supports the projected share price targets. Below is a summary of its key financial indicators from 2022-2024:
| Metric | FY 2022 (₹ Cr) | FY 2023 (₹ Cr) | FY 2024 (₹ Cr) |
|---|---|---|---|
| Revenue | 3,483 | 4,965 | 6,470 |
| Profit After Tax (PAT) | 865 | 1,252 | 1,252 |
| Net Worth | 5,268 | 5,935 | 8,559 |
| Loan Book | 33,931 | 47,076 | 59,698 |
| Net Non-Performing Assets (%) | 3.12% | 1.66% | 0.99% |
Business Overview
IREDA, founded in 1987, operates under the Ministry of New and Renewable Energy (MNRE). As a government-backed financial agency, IREDA provides capital for solar, wind, biomass, and hydropower projects, with over 60% of India’s renewable energy loans attributed to the agency. Its growing loan book and effective management position it favorably in the renewable energy landscape.
FAQs on IREDA Share Price Targets
- What is the IREDA share price target for 2024?
- The target for November 2024 is ₹218 to ₹240, while for December it ranges from ₹240 to ₹265.
- What is the monthly share price target for IREDA in 2025?
- The monthly target for January starts at ₹264 and goes up to ₹560 by December 2025.
- What is the share price target for IREDA in 2026?
- The projected target for January 2026 is ₹305, reaching up to ₹600 by December.
- What is IREDA’s share price target for 2030?
- In 2030, the share price is expected to start at ₹678 in January and reach as high as ₹1,400 by December.
- What is the average share price target for IREDA in 2040?
- The average share price target for IREDA in 2040 is projected at ₹1,068.50.
IREDA’s share price targets are based on optimistic growth in India’s renewable energy sector, making it a strong contender in sustainable investments for years to come.