Can IREDA Become a Key Winner of India’s Renewable Energy Boom?
IREDA Share Price Target : Indian Renewable Energy Development Agency (IREDA) is a government-owned financial institution dedicated to funding India’s renewable energy transition. The company provides loans, guarantees, and financial assistance to solar, wind, hydro, bio-energy, rooftop solar, and green hydrogen projects.
With India targeting massive clean energy capacity expansion by 2030, IREDA is strategically positioned to benefit from this long-term structural shift. Below is a clear, year-wise IREDA share price target from 2026 to 2030, along with fundamentals and growth outlook.
About IREDA
IREDA plays a crucial role in supporting India’s renewable energy ecosystem by financing clean energy projects.
Key strengths:
- PSU under the Ministry of New & Renewable Energy
- Focus on solar, wind, hydro, and green hydrogen
- Strong loan book growth
- Policy-backed business model
- Direct beneficiary of government renewable targets
Its financing support helps accelerate India’s clean energy adoption while ensuring stable long-term demand for its services.
IREDA Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalization | ₹39,610 Cr |
| ROE | 13.34% |
| P/E Ratio | 23 |
| P/B Ratio | 3.07 |
| Debt-to-Equity | 5.41 |
| EPS (TTM) | 6.13 |
| Dividend Yield | 0% |
| Book Value | ₹46 |
| Face Value | ₹10 |
IREDA’s fundamentals reflect a growth-oriented NBFC-style PSU, with higher leverage but strong policy support.
IREDA Share Price Target 2026
By 2026, IREDA is expected to benefit from rising solar and wind installations across India.
- Minimum Target: ₹140
- Maximum Target: ₹170
Schemes like PM Surya Ghar Yojana and rooftop solar financing may significantly expand its loan book.
IREDA Share Price Target 2027
In 2027, large-scale renewable projects and international climate funding could further strengthen IREDA’s position.
- Minimum Target: ₹170
- Maximum Target: ₹210
Diversification across technologies may help reduce risk and improve earnings stability.
IREDA Share Price Target 2028
By 2028, renewable energy is expected to form a major part of India’s power mix, directly benefiting IREDA.
- Minimum Target: ₹210
- Maximum Target: ₹260
Improved recovery rates and higher disbursements may boost profitability.
IREDA Share Price Target 2029
In 2029, IREDA could emerge as a dominant clean-energy financier with innovative funding models.
- Minimum Target: ₹260
- Maximum Target: ₹310
Equity fundraising, global partnerships, and strong governance may support higher valuations.
IREDA Share Price Target 2030
By 2030, IREDA is expected to be a mature and well-established renewable energy financing PSU.
- Minimum Target: ₹310
- Maximum Target: ₹370
India’s clean energy goals, digital transformation, and export-linked opportunities may drive long-term growth.
IREDA Share Price Target Table (2026–2030)
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 140 | 170 |
| 2027 | 170 | 210 |
| 2028 | 210 | 260 |
| 2029 | 260 | 310 |
| 2030 | 310 | 370 |
IREDA Shareholding Pattern
| Category | Shareholding |
|---|---|
| Promoters (Govt. of India) | 71.76% |
| Retail & Others | 23.75% |
| Other Domestic Institutions | 2.35% |
| Foreign Institutions | 1.92% |
| Mutual Funds | 0.22% |
High promoter holding highlights strong government backing and long-term strategic importance.
Final Conclusion
IREDA is a high-growth PSU stock directly linked to India’s renewable energy expansion. While leverage remains higher compared to traditional PSUs, strong policy support, rising loan demand, and India’s clean energy targets make IREDA an attractive long-term thematic investment.
Short-term volatility is possible, but the long-term renewable energy story remains powerful.
Read Also : Bank of India Share Price Target From 2026,2027,2028 to 2030
Disclaimer
This article is for educational and informational purposes only and does not constitute investment advice. Stock market investments are subject to market risk. Please consult a certified financial advisor before investing.
