Share of Indian Renewable Energy Development Agency Ltd (IREDA) is currently trading at around Rs.240/- Existing as well as Prospective Investors are asking for IREDA Share Price Target 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the IREDA Share Price Target 2025,2030,2035 & 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Indian Renewable Energy Development Agency Ltd (IREDA):
Indian Renewable Energy Development Agency Ltd (IREDA) is a key player in India’s renewable energy sector, primarily focused on financing renewable energy and energy efficiency projects. Established under the Ministry of New and Renewable Energy (MNRE), IREDA has been instrumental in supporting India’s transition to a green economy by providing financial assistance for various renewable energy projects such as solar, wind, biomass, and small hydro.
Current Business Performance
IREDA has demonstrated robust financial performance in recent years, reflecting the growing demand for renewable energy in India. The agency has been expanding its loan portfolio significantly, driven by the government’s ambitious renewable energy targets. In the financial year 2023-24, IREDA reported a healthy increase in its loan disbursements and sanctions, which is indicative of the increasing confidence among investors and developers in renewable energy projects.
The company has maintained a strong asset quality, with its non-performing assets (NPAs) being well under control, which is a critical factor in the financial sector. Additionally, IREDA has consistently posted profits, and its return on equity (ROE) has been stable, contributing to its overall financial health. The agency’s ability to raise funds through various means, including green bonds, has further strengthened its balance sheet.
Future Business Prospects
IREDA is poised for significant growth, aligned with India’s renewable energy ambitions. The government has set an ambitious target of achieving 500 GW of renewable energy capacity by 2030, and IREDA is expected to play a pivotal role in financing this expansion. The agency’s future prospects are also bolstered by the increasing global focus on sustainability and green financing, which is likely to open up more opportunities for raising funds at competitive rates.
Moreover, IREDA’s plans to expand its portfolio into emerging areas like energy storage, green hydrogen, and electric mobility present additional growth avenues. The agency is also exploring international collaborations, which could further enhance its capabilities and market reach.
In conclusion, with its strong financial performance and strategic positioning in a rapidly growing sector, IREDA is well-placed to capitalize on the ongoing energy transition, making it a critical player in India’s renewable energy landscape.
Share Price Targets:
IREDA Share Price Target 2024
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.270-300 in 2024
IREDA Share Price Target 2025
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.325-350 in 2025
IREDA Share Price Target 2030
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.550-600 in 2030
IREDA Price Target 2035
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.900-1000 in 2035
IREDA Price Target 2040
Based on the above discussion and analysis, the share price of IREDA is likely to touch the level of around Rs.1800-2000 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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