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NSE:IREDA

INDIAN RENEWABLE ENERGY

Financial Services › Finance·NIFTY 200NIFTY 500NIFTY LARGEMIDCAP 250NIFTY MIDCAP 100+6
₹99.70
at close · 27 Oct 2026
▼ 2.17 (-2.13%)

Latest filings

  1. IREDA H1 FY27: profit up 12 percent but operating cash outflow large · Results
  2. IREDA H1 FY27 audit report filed - clean opinion with emphasis note · Results
  3. IREDA Investor Presentation H1 FY27: Loan Book at 97,411 Cr · Investor Communications
All filings ↓
Ask Nexa about INDIAN RENEWABLE ENERGY

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Lends to renewable energy projects across India as a government-owned non-bank finance company under the Ministry of New and Renewable Energy. FY26 total income of Rs 8,310.41 crore came largely from interest on its loan book of Rs 93,069 crore, which grew 22% year-on-year. The business disburses term loans to wind, solar, hydro, biomass and other clean energy developers and is classified in its own investor presentation as India's largest pure-play green financing NBFC. Cost of borrowing was 7.05% in FY26 against a net interest margin of 3.65%, so the lending spread is the core earnings driver. Asset quality weakened in FY26, with gross NPAs rising to 3.49% from 2.45% and cumulative impairment allowance of Rs 2,689.14 crore; loans to Gensol Engineering and Gensol EV Lease totalling Rs 672.74 crore were declared as fraud and 85% provided for. The Board is also seeking shareholder approval to widen its objects clause to finance carbon capture, civil nuclear power infrastructure, green buildings and data centres.

Operating scale
Loan book
Rs 93,069 croreFY26
Net interest margin
3.65%FY26
Cost of borrowing
7.05%FY26
Gross NPA ratio
3.49%FY26
CRAR
20.59%FY26
Government of India holding
71.76%FY26
Who pays it
Renewable energy project developers — wind, solar, hydro, biomass and other clean energy generators
Biggest cost
Interest expense on borrowings (cost of borrowing 7.05% in FY26)
Kind of business
Government-owned green finance NBFC under MNRE, with cyclical exposure to renewable energy project execution
Where it sits
Described in its FY26 investor presentation as India's largest pure-play green financing NBFC; AAA-rated domestically
Market Cap
₹28,255 Cr
P / E (TTM)
14.3×
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
—·
ROCE (FY26)
ROE 13.6% · margin 87.7%
Leverage
—·
Debt / Equity · not read for a lender
Moves on a normal day
1.17%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 8 Financial Institution peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/8
P/B#6/7
ROE#4/7
EBITDA margin#6/7
Revenue growth#3/7
Profit growth#1/8

Scorecard

Measured from the filed financials, judged against its Financial Institution peers · as of FY26 — not investment advice

Not enough history to assess.

Charts

How has the market priced it — with filings on the timeline?

IREDA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDIAN RENEWABLE ENERGY's filed financials and exchange disclosures

What does INDIAN RENEWABLE ENERGY do?

INDIAN RENEWABLE ENERGY is a Finance company listed on NSE and BSE, trading under the symbol IREDA.

Is INDIAN RENEWABLE ENERGY profitable?

Yes. Over the trailing twelve months INDIAN RENEWABLE ENERGY reported a net profit of ₹1,966 Cr on revenue of ₹8,612 Cr.

Does INDIAN RENEWABLE ENERGY pay a dividend?

Not in the latest reported year — INDIAN RENEWABLE ENERGY's dividend payout for FY26 was nil.

Is INDIAN RENEWABLE ENERGY expensive compared with its peers?

On trailing P/E, INDIAN RENEWABLE ENERGY ranks 5 of 8 in Financial Institution — cheaper than 43% of them, against an industry median of 14.0×. This is a position, not a valuation judgement.

How much does the INDIAN RENEWABLE ENERGY share price move in a day?

On a typical session INDIAN RENEWABLE ENERGY moves 1.17% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track INDIAN RENEWABLE ENERGY's announcements?

Every NSE and BSE filing by INDIAN RENEWABLE ENERGY appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.