The Indian Renewable Energy Development Agency Ltd. (NSE: IREDA) plays a key role in supporting and financing renewable energy projects in India, contributing significantly to the country’s clean energy goals.(Ireda Share Price Target)
The Independent Renewable Energy Development Agency (IREDA), a government-led organization, is dedicated to promoting alternative energy solutions, including solar, wind, biomass, and hydropower.
This analysis will explore IREDA’s market performance and future potential, focusing on projected share price targets for the period 2024–2050.
IREDA Share Price Target 2024
In 2024, IREDA’s target price is anticipated to be ₹316, with a fluctuation range between ₹105 and ₹396.
This projection is supported by the increasing emphasis on renewable energy in India and the ongoing initiatives undertaken by the agency.
| Year | Minimum Price | Maximum Price | Average Price |
| 2024 | ₹105 | ₹396 | ₹316 |
| Month (2024) | Minimum Target | Maximum Target |
| January | Rs 105 | Rs 155 |
| February | Rs 190 | Rs 213 |
| March | Rs 139 | Rs 180 |
| April | Rs 177 | Rs 185 |
| May | Rs 176 | Rs 189 |
| June | Rs 250 | Rs 270 |
| July | Rs 288 | Rs 312 |
| August | Rs 285 | Rs 315 |
| September | Rs 300 | Rs 319 |
| October | Rs 305 | Rs 326 |
| November | Rs 319 | Rs 336 |
| December | Rs 355 | Rs 396 |
What is Indian Renewable Energy Dev Agency Ltd NSE: IREDA?
The Ministry of New and Renewable Energy (MNRE) manages the Indian Renewable Energy Development Agency (IREDA), established in 1987.
IREDA plays a key role in financing renewable energy initiatives, operating as a Non-Banking Financial Company (NBFC).
With the government holding a 75% stake, IREDA is crucial to India’s efforts to achieve its renewable energy goals.
Its impressive performance in the stock market has attracted significant attention, especially following its IPO in 2023.
| Company Name | Indian Renewable Energy Development Agency Ltd |
| Market Cap | ₹284.26 Cr (As of July 2024) |
| P/E Ratio (TTM) | N/A |
| P/B Ratio | N/A |
| Industry P/E | N/A |
| Debt to Equity Ratio | N/A |
| ROE | N/A |
| EPS (TTM) | N/A |
| Dividend Yield | 0.00% |
| 52 Week High | ₹310.00 |
| 52 Week Low | ₹50.00 |
| Book Value | N/A |
| Face Value | ₹10 |
| Official Website | IREDA |
IREDA Share Price Target 2025
| Year | Minimum Price | Maximum Price | Average Price |
| 2025 | ₹392 | ₹560 | ₹461 |
The projected target price for 2025 is expected to fall between ₹392 and ₹560, with an average value of ₹461.
This growth is primarily driven by the government’s commitment to boosting investments in renewable energy and the agency’s development plans.
| Month (2025) | Minimum Target | Maximum Target |
| January | Rs 392 | Rs 406 |
| February | Rs 402 | Rs 416 |
| March | Rs 407 | Rs 417 |
| April | Rs 413 | Rs 425 |
| May | Rs 419 | Rs 427 |
| June | Rs 421 | Rs 433 |
| July | Rs 428 | Rs 438 |
| August | Rs 430 | Rs 455 |
| September | Rs 443 | Rs 459 |
| October | Rs 451 | Rs 467 |
| November | Rs 471 | Rs 495 |
| December | Rs 515 | Rs 560 |
IREDA Share Price Target 2030
| Year | Minimum Price | Maximum Price | Average Price |
| 2030 | ₹543 | ₹800 | ₹671.50 |
By 2030, the projected price range is anticipated to fall between ₹543 and ₹800, with an average estimate of ₹671.50.
This significant growth is likely driven by increasing demand for renewable energy and the strategic initiatives undertaken by IREDA.
| Month (2030) | Minimum Target | Maximum Target |
| January | Rs 543 | Rs 561 |
| February | Rs 549 | Rs 558 |
| March | Rs 553 | Rs 565 |
| April | Rs 568 | Rs 574 |
| May | Rs 561 | Rs 571 |
| June | Rs 574 | Rs 589 |
| July | Rs 580 | Rs 592 |
| August | Rs 587 | Rs 599 |
| September | Rs 604 | Rs 618 |
| October | Rs 631 | Rs 674 |
| November | Rs 679 | Rs 756 |
| December | Rs 756 | Rs 800 |
Share Price Target 2040
By 2040, the projected average share price is expected to reach ₹1,068.50, with a range of ₹937 to ₹1,200.
This estimate highlights the steady growth of the renewable energy sector, driven by IREDA’s active role in financing large-scale projects.
| Year | Minimum Price | Maximum Price | Average Price |
| 2040 | ₹937 | ₹1,200 | ₹1,068.50 |
Share Price Target 2050
The projected share price for 2050 is expected to reach 1,750 Indian Rupees, with a possible range between 1,500 and 2,000.
This long-term growth forecast is driven by IREDA’s continuous support for renewable energy projects and the overall progress in the sector.
| Year | Minimum Price | Maximum Price | Average Price |
| 2050 | ₹1,500 | ₹2,000 | ₹1,750 |
Should I Buy IREDA Stock?
Investors have enjoyed significant returns due to IREDA’s strong performance since its initial public offering (IPO).
With a growing global demand for sustainable energy solutions, the government’s focus on financing renewable energy projects is well-aligned with market trends.
However, potential investors should carefully assess market stability before investing in the agency, as it is crucial to understand the risks involved.
Expert Forecasts on the Future of Indian Renewable Energy Dev Agency Ltd.
| Year | Minimum Price | Maximum Price | Average Price |
| 2024 | ₹105 | ₹397 | ₹316 |
| 2025 | ₹392 | ₹560 | ₹461 |
| 2030 | ₹543 | ₹800 | ₹671.50 |
| 2040 | ₹937 | ₹1,200 | ₹1,068.50 |
| 2050 | ₹1,500 | ₹2,000 | ₹1,750 |
Thanks to the strategic initiatives of the agency and the increasing demand for renewable energy in India, experts are optimistic about IREDA’s future.
The much-awaited Production Linked Incentive (PLI) scheme is expected to play a crucial role in boosting IREDA’s growth prospects.
Is IREDA Stock Good to Buy? (Bull Case & Bear Case)
Bull Case:
- With the government backing and investment in the renewable energy industry on the rise, IREDA is in a solid position to take advantage of this trend.
- The agency remarkable profit figures and solid financial performance show that the company is stable.
- Analysts say the price may go up much more, perhaps hitting ₹350 soon.
Bear Case:
- The quick price gain since the IPO suggests that the stock could be overpriced.
- The success of IREDA may be affected by economic and market uncertainties.
- Be wary of any pullbacks, mainly if the stock can’t keep its upward pace.
Conclusion
IREDA presents a promising investment opportunity in renewable energy. With a strong growth outlook, a commitment to financing sustainable initiatives, and a dominant position in the market, it is well-positioned to benefit from India’s growing demand for clean energy. However, investors should remain vigilant and closely monitor market trends before making investment decisions.
FAQs:
What is the expected IREDA share price target for 2025?
IREDA’s share price target for 2025 is expected to range between ₹150 to ₹200, based on market trends and the company’s growth in renewable energy projects.
Can IREDA’s share price reach ₹500 by 2030?
It’s possible if IREDA continues expanding its renewable energy portfolio and the sector grows, but it would require significant market conditions and government support.
What factors will influence IREDA’s share price until 2050?
Key factors include government policies on renewable energy, IREDA’s financial performance, the growth of the green energy market, and global energy trends.
Is IREDA a good long-term investment until 2050?
IREDA could be a strong long-term investment due to its role in India’s renewable energy sector, but investors should monitor market shifts and policy changes closely.
