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Power · NSE: IREDA

Indian Renewable Energy Development Agency Limited - Fair Value & Intrinsic Value Estimate

Intrynsic's multi-model valuation estimates Indian Renewable Energy Development Agency Limited's fair value at ₹11 per share (range ₹11–₹11) against a market price of ₹120 - a gap of -91.2% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.

Low ₹11Above fair-value est.High ₹11

Market price

₹120

close of 24 Jul 2026

Est. fair value

₹11

₹11–₹11

Gap

-91.2%

price vs estimate

Trading ~91% above our estimated fair-value range. Assumptions and per-model workings are below.

What Indian Renewable Energy Development Agency Limited does

IREDA is a state-owned lender that finances solar, wind and other clean-energy projects. Its loan book grows with India's renewable-capacity targets.

Power · Power Generation

Health signals

GrowthRevenue +33.6%/yr (3y)Good

Over the last 3 years, revenue grew 33.6%/yr and profit grew 29.4%/yr.

ProfitabilityROE 13.6%Good

Every ₹100 of shareholder money earned ₹13.6 in profit last year, vs a sector median of 10.1%.

DebtD/E 5.65Weak

Debt is 5.65x shareholder equity and 32.4x yearly operating earnings — a heavy load.

Valuation-91% vs estimateWeak

The market price is above our estimated fair-value range (based on stated assumptions).

Quality₹0 cash per ₹100 profitWeak

About ₹0 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 0 of 5 years.

The valuation, explained- models, weights & assumptions ▾

Intrynsic values Indian Renewable Energy Development Agency Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.

ModelEstimated valuevs priceWeight
P/B + Excess ReturnBank Net Worth Method₹51-58%-
DDMDividend Discount Method₹11-91%-
Bank FCFE DCFBank Cash Flow Method₹28-77%-

Key assumptions

Risk-free rate
7.0%
Equity risk premium
6.5%
Beta
1.372
Cost of equity
15.9%
Terminal growth
5.0%
Tax rate
25%

Key financialsFY17–FY26

Full statements & analysis →
Revenue₹8,310 Cr
Net profit₹1,874 Cr
EPS₹6.67
Free cash flow₹-14,758 Cr
ROE (latest)13.6%
Revenue growth (CAGR)22.6%
Profit growth (CAGR)27.5%

Peers

Sector overview →
Haryana Financial Corporation ltd.₹1,372 CrP/E 163.8ROE 50.5%
REC Limited₹96,982 CrP/E 5.9ROE 19.2%
Power Finance Corporation Limited₹1,38,572 CrP/E 5.4ROE 25.3%
Housing & Urban Development Corporation Limited₹40,388 CrP/E 10.0ROE 18.4%
Tourism Finance Corporation of India Limited₹4,392 CrP/E 35.5ROE 9.3%
Gujarat State Financial corporation₹97 Cr
Ask AI about Indian Renewable Energy Development Agency LimitedChat with Intrynsic's research agent about results, risks and filings.Sign up free →Track it in your watchlistFair-value alerts, result-day briefs and portfolio analytics.Sign up free →See the full model workingsEvery assumption, per-model trace, reverse DCF and peer lens.Sign up free →

Frequently asked questions

What is Indian Renewable Energy Development Agency Limited's intrinsic value?

Intrynsic's multi-model valuation estimates Indian Renewable Energy Development Agency Limited's fair value at ₹11 per share (range ₹11–₹11), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.

Is Indian Renewable Energy Development Agency Limited overvalued or undervalued?

Indian Renewable Energy Development Agency Limited trades at ₹120 against Intrynsic's estimated fair value of ₹11 - the market price is 91% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.

What is Indian Renewable Energy Development Agency Limited's P/E ratio?

Indian Renewable Energy Development Agency Limited trades at about 18.1 times its latest annual earnings per share.

What does Indian Renewable Energy Development Agency Limited do?

IREDA is a state-owned lender that finances solar, wind and other clean-energy projects. Its loan book grows with India's renewable-capacity targets.

How is Indian Renewable Energy Development Agency Limited's fair value calculated?

Intrynsic runs 3 valuation models for Indian Renewable Energy Development Agency Limited (P/B + Excess Return, DDM, Bank FCFE DCF) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.

Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy

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