IREDA Share Price Target 2025 Rs. 5000, IREDA Best Portfolio Stock 2024

IREDA : INDIAN RENEWAL ENERGY DEVELOPMENT AGENCY LIMITED

OVERVIEW OF IREDA

Indian Renewal energy development limited is a Mini Ratha Government of India enterprise under the administrative control of Ministry of new and renewal energy (MNRC).  IREDA is now trading of Rs. 127, but his long terms view is expecting multibagger returns like IRCTC as he cross Rs.5000/- in one year. In this article will complete analysis of IREDA and its future prospects.  It is called a Public Financial Institution and it follows rules from other companies. it is registered as a non-banking Financial company with the RBI. Full form of RBI is Reserve Bank of India.

BACKGROUND HISTORY AND PERFORMANCE OF IREDA

In 1970s energy cristis, the commission for additional sources(CASE)emerged within the department of science of Technology of India.  In march 1981, sharing in pivot era. While concurrently orhestrating and amplifying research and  development endeavors within the sector. 

In 1982, a new department was created  in the Ministry department of non-conventional energy sources(DNES). DNES is incorporated  CASE under its umbrella. 

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MISSIONS OF IREDA

The mission of the ministry is to ensure 

1. Energy security:- The ministry works to secure a strong national energy landscape by reducing the need for oil imports. This goal is achieved by promoting and using alternative fuels like hydrogen.
2. Increase in the share of clean power:- The IREDA Ministry wants more environmental power sources. The includes electricity from different sources like hydro, solar and energy.
3. Energy availability and access:-  Supplement energy needs of cooking, heating, motive power and captive generation in  rural, urban, industrial and commercial sectors. 
4. Energy affordability:- IREDA’s important focus is making progress in making energy more affordable. The goal is to offer choices that are not just competitively price but also convenient safe, and consistently provided by new. 
5. Energy equality:- The mission is marked by a commitment to fair energy distribution. The hope of match is the average amount of energy used per person with the global average by the year 2050.

FUNDAMENTAL ANALYSIS OF IREDA

1. Revenue Resonance:-The financial crescendo starts with the revenue cadence, an ascending melody that reached 1,253 units by December 2023. This financial symphony echoes the corporation’s prowess in economic pursuits.
2. Financing Profit Flourish:-The financial tapestry is adorned with the flourishing foliage of financing profit, a bloom that attains its zenith at 394 units by December 2023. This financial bloom reflects the corporation’s strategic acumen and investment prowess.
3. Profit before Tax Prelude:-The financial prelude unfolds with the profit before tax, a crescendo that reaches 386 units by December 2023. This financial opus reflects the corporation’s ability to navigate the complex terrain of fiscal responsibilities.
4. Gross NPA % Gyrations:-The financial gyrations continue with the gross non-performing assets (NPA) percentage, an undulating dance between 4.24% and 3.13%. This rhythmic oscillation reflects the corporation’s vigilance in managing asset quality and mitigating risks.

GROWTH OF IREDA

IREDA made a lot more money each years, and in the previous 5 years. Indian Renewable Energy Development Agency is earing increased by 28.8% annually. What’s even more impressive is that in the past year. IREDA earning grow fast at 39.5%, surprising their 5 years average growth price. 

PROFIT AND LOSS OF IREDA

Profit and loss of Indian Renewal Energy development Agency Limited are following;-

SALES GROWTH OF IREDA

SALES TARGET OF IREDA

PORTFOLIO ADVISE 

IREDA is best stock for Short term/long term investing prospects. 

Disclaimer: This is only education purpose. Please consult your financial advisor before investing