- Total income
- ₹6,756 Cr
- Profit
- ₹1,698 Cr

About Indian Renewable Energy Development Agency Limited
Data last updated:
Indian Renewable Energy Development Agency Limited is a public limited union government company based in New Delhi, Delhi, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 11 March 1987 and has been in existence for over 39 years.
Indian Renewable Energy Development Agency is ranked #362 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L65100DL1987GOI027265. Its GSTIN is 07AAACI1384C1ZZ (Delhi). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544026 and NSE: IREDA.
The company has an authorised share capital of ₹6,000 Cr and a paid-up capital of ₹2,809.23 Cr. It is led by directors including Bijay Kumar Mohanty (Whole-Time Director) and Padam Lal Negi.
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at India Habitat Centre1St Floor East Court Core 4 A Lodhi Road, New Delhi, Delhi, India – 110003.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8,310.41 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹1,874 Cr (net margin 22.6%) and EBITDA of ₹7,257.67 Cr (EBITDA margin 87.3%). The net worth stands at ₹13,785 Cr (up 34.3% YoY). Total assets are valued at ₹91,631 Cr (up 22.2% YoY).
The company has about 171 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IREDA. As per MCA filings, the company has open charges of ₹52,730 Cr and satisfied charges of ₹36,479 Cr on record. Court records list 903 cases involving the company, including 624 filed by the company and 279 filed against it; 187 cases are pending. The company has 10 deals on record (7 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹5,000 Cr; the latest was in June 2025. Its 7 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Renewable Energy), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 4 smaller; the largest is Creditaccess Grameen Limited with revenue of ₹5,172.66 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ireda.in.
Company details
CIN history
Indian Renewable Energy Development Agency has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65100DL1987GOI027265, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65100DL1987GOI027265 | Current |
| U65100DL1987GOI027265 | Previous |
| U40108DL1987GOI027265 | Previous |
Recognitions & Rankings of Indian Renewable Energy Development Agency
Contact details
Indian Renewable Energy Development Agency Limited's registered office is in New Delhi, Delhi.
- Registered AddressIndia Habitat Centre1St Floor East Court Core 4 A Lodhi Road, New Delhi, Delhi, India – 110003
- IndustryFinancial Services, Financial Activities
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Indian Renewable Energy Development Agency Limited
FY 2025-26 filings availableIndian Renewable Energy Development Agency Limited reported revenue of ₹8,310.41 Cr (up 23% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8,310 | 6,755 | 4,965 | 2,614 | 2,369 | 2,020 | 1,810 |
| Revenue growth | +23.0% | +36.0% | - | +10.4% | +17.3% | +11.6% | - |
| EBITDA | 7,258 | 6,283 | 4,880 | 2,118 | 1,720 | 1,515 | 1,563 |
| EBITDA margin | +87.3% | +93.0% | +98.3% | +81.0% | +72.6% | +75.0% | +86.3% |
| Profit before tax | 2,338 | 2,104 | 1,685 | 570 | 241 | 311 | 542 |
| Net profit | 1,874 | 1,699 | 1,253 | 346 | 215 | 290 | 398 |
| Net profit margin | +22.6% | +25.2% | +25.2% | +13.3% | +9.1% | +14.4% | +22.0% |
| EPS (₹) | 6.73 | 6.32 | 4.66 | 4.41 | 2.74 | 3.18 | 5.17 |
| Balance sheet | |||||||
| Total assets | 91,631 | 75,007 | 58,246 | 26,996 | 24,375 | 23,081 | 19,102 |
| Net worth | 13,785 | 10,267 | 8,559 | 2,996 | 2,522 | 2,584 | 2,446 |
| Total debt | 77,846 | 64,740 | 49,687 | 24,000 | 21,854 | 18,753 | 14,985 |
| Cash & bank | 750 | 518 | 736 | 603 | 1,576 | 1,053 | 2,397 |
| Net working capital | (246) | (574) | (1,281) | (388) | 972 | 19,150 | 15,331 |
| Cash flow | |||||||
| Cash from operations | (14,477) | (14,460) | (11,100) | (3,206) | (1,709) | (5,018) | (1,846) |
| Cash from investing | (281) | (518) | (23.15) | (2.10) | (0.16) | (36.52) | (53.41) |
| Cash from financing | 14,748 | 14,960 | 11,059 | 2,441 | 2,141 | 3,736 | 1,701 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,346 | 2,249 | 2,175 | 2,130 | 2,057 | 1,948 | 1,905 | 1,698 |
| Revenue growth (YoY) | +14.0% | +15.5% | +14.2% | +25.4% | +26.3% | +29.0% | - | - |
| Other income | 1.05 | 1.15 | 5.95 | 9.73 | 0.57 | 12.24 | 10.58 | 0.53 |
| EBITDA | 2,091 | 1,764 | 1,867 | 1,951 | 1,919 | 1,521 | 1,734 | 1,580 |
| EBITDA margin | +89.5% | +78.8% | +86.2% | +92.0% | +93.6% | +78.6% | +91.5% | +94.7% |
| Depreciation | 10.29 | 9.94 | 12.54 | 10.95 | 10.44 | 9.96 | 10.79 | 10.02 |
| Interest | 1,377 | 1,341 | 1,241 | 1,233 | 1,213 | 1,218 | 1,104 | 1,032 |
| Profit before tax | 704 | 414 | 619 | 717 | 696 | 305 | 630 | 538 |
| Tax | 152 | 75.22 | 127 | 132 | 147 | 57.96 | 128 | 113 |
| Net profit | 552 | 339 | 493 | 585 | 549 | 247 | 502 | 425 |
| EPS (₹) | 1.97 | 1.21 | 1.76 | 2.09 | 1.97 | 0.91 | 1.87 | 1.58 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8,309 | 6,754 | 4,965 | 3,483 | 2,860 | 2,655 | 2,369 |
| Revenue growth | +23.0% | +36.0% | +42.6% | +21.8% | +7.7% | +12.1% | - |
| EBITDA | 7,257 | 6,283 | 4,880 | 3,251 | 2,430 | 2,160 | 1,720 |
| EBITDA margin | +87.3% | +93.0% | +98.3% | +93.3% | +85.0% | +81.4% | +72.6% |
| Profit before tax | 2,337 | 2,104 | 1,685 | 1,139 | 834 | 570 | 241 |
| Net profit | 1,873 | 1,699 | 1,253 | 865 | 634 | 346 | 215 |
| Net profit margin | +22.6% | +25.2% | +25.2% | +24.8% | +22.2% | +13.1% | +9.1% |
| EPS (₹) | 6.73 | 6.32 | 4.66 | 3.78 | 2.77 | 4.42 | 2.73 |
| Balance sheet | |||||||
| Total assets | 91,627 | 75,006 | 58,246 | 46,100 | 32,881 | 26,995 | 24,375 |
| Net worth | 13,781 | 10,266 | 8,559 | 5,935 | 5,268 | 2,995 | 2,521 |
| Total debt | 77,846 | 64,740 | 49,687 | 40,165 | 27,613 | 24,000 | 21,854 |
| Cash & bank | 717 | 491 | 736 | 955 | 527 | 603 | 1,576 |
| Net working capital | (276) | (600) | (1,281) | (900) | (1,094) | (388) | 972 |
| Cash flow | |||||||
| Cash from operations | (14,482) | (14,461) | (11,100) | (12,343) | (5,254) | (3,206) | (1,709) |
| Cash from investing | (281) | (543) | (23.15) | (17.21) | (107) | (2.10) | (0.16) |
| Cash from financing | 14,748 | 14,960 | 11,059 | 12,368 | 5,271 | 2,441 | 2,141 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,344 | 2,248 | 2,175 | 2,130 | 2,057 | 1,947 | 1,904 | 1,698 |
| Revenue growth (YoY) | +13.9% | +15.5% | +14.2% | +25.4% | +26.2% | +28.9% | - | - |
| Other income | 1.05 | 1.15 | 5.95 | 9.73 | 0.57 | 12.24 | 10.58 | 0.53 |
| Total expenses | 251 | 486 | 308 | 179 | 138 | 427 | 170 | 119 |
| EBITDA | 2,092 | 1,763 | 1,867 | 1,951 | 1,919 | 1,521 | 1,734 | 1,580 |
| EBITDA margin | +89.6% | +78.8% | +86.2% | +92.0% | +93.6% | +78.6% | +91.6% | +94.7% |
| Depreciation | 10.27 | 9.93 | 12.51 | 10.92 | 10.43 | 9.94 | 10.73 | 10.02 |
| Interest | 1,376 | 1,341 | 1,241 | 1,233 | 1,213 | 1,218 | 1,104 | 1,032 |
| Profit before tax | 707 | 413 | 619 | 717 | 696 | 305 | 630 | 538 |
| Tax | 152 | 75.22 | 127 | 132 | 147 | 57.95 | 128 | 113 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,346 | 2,249 | 2,175 | 2,130 | 2,057 | 1,948 | 1,905 | 1,698 |
| Revenue growth (YoY) | +14.0% | +15.5% | +14.2% | +25.4% | +26.3% | +29.0% | - | - |
| Other income | 1.05 | 1.15 | 5.95 | 9.73 | 0.57 | 12.24 | 10.58 | 0.53 |
| EBITDA | 2,091 | 1,764 | 1,867 | 1,951 | 1,919 | 1,521 | 1,734 | 1,580 |
| EBITDA margin | +89.5% | +78.8% | +86.2% | +92.0% | +93.6% | +78.6% | +91.5% | +94.7% |
| Depreciation | 10.29 | 9.94 | 12.54 | 10.95 | 10.44 | 9.96 | 10.79 | 10.02 |
| Interest | 1,377 | 1,341 | 1,241 | 1,233 | 1,213 | 1,218 | 1,104 | 1,032 |
| Profit before tax | 704 | 414 | 619 | 717 | 696 | 305 | 630 | 538 |
| Tax | 152 | 75.22 | 127 | 132 | 147 | 57.96 | 128 | 113 |
| Net profit | 552 | 339 | 493 | 585 | 549 | 247 | 502 | 425 |
| EPS (₹) | 1.97 | 1.21 | 1.76 | 2.09 | 1.97 | 0.91 | 1.87 | 1.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 8,310 | 6,755 | 4,965 | 2,614 | 2,369 | 2,020 | 1,810 |
| Revenue growth | +23.0% | +36.0% | - | +10.4% | +17.3% | +11.6% | - |
| Other income | 28.48 | 0.76 | 0.07 | 44.45 | 3.48 | 2.37 | 6.64 |
| Total expenses | 1,053 | 472 | 85.59 | 496 | 649 | 505 | 247 |
| Employee cost | 0.00 | 81.66 | 71.32 | 47.36 | 46.98 | 44.33 | 43.80 |
| EBITDA | 7,258 | 6,283 | 4,880 | 2,118 | 1,720 | 1,515 | 1,563 |
| EBITDA margin | +87.3% | +93.0% | +98.3% | +81.0% | +72.6% | +75.0% | +86.3% |
| Depreciation | 43.89 | 38.87 | 30.35 | 22.67 | 22.81 | 23.36 | 21.33 |
| Interest | 4,905 | 4,141 | 3,164 | 1,570 | 1,459 | 1,183 | 1,006 |
| Profit before tax | 2,338 | 2,104 | 1,685 | 570 | 241 | 311 | 542 |
| Tax | 464 | 405 | 433 | 223 | 26.56 | 61.04 | 144 |
| Net profit | 1,874 | 1,699 | 1,253 | 346 | 215 | 290 | 398 |
| Net profit margin | +22.6% | +25.2% | +25.2% | +13.3% | +9.1% | +14.4% | +22.0% |
| EPS (₹) | 6.73 | 6.32 | 4.66 | 4.41 | 2.74 | 3.18 | 5.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 2,809 | 2,688 | 2,688 | 785 | 785 | 785 | 785 |
| Reserves & surplus | 10,976 | 7,579 | 5,872 | 2,211 | 1,737 | 1,800 | 1,661 |
| Shareholders' funds (net worth) | 13,785 | 10,267 | 8,559 | 2,996 | 2,522 | 2,584 | 2,446 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 31,303 | 32,719 | 29,782 | 10,894 | 11,310 | 8,887 | 6,118 |
| Unsecured loans | 46,543 | 32,021 | 19,905 | 13,106 | 10,543 | 9,866 | 8,867 |
| Total debt | 77,846 | 64,740 | 49,687 | 24,000 | 21,854 | 18,753 | 14,985 |
| Total liabilities | 91,631 | 75,007 | 58,246 | 26,996 | 24,375 | 23,081 | 19,102 |
| Assets | |||||||
| Gross block | 564 | 550 | 524 | 354 | 349 | 348 | 335 |
| Net block | 320 | 349 | 361 | 266 | 282 | 303 | 314 |
| Capital work in progress | 0.23 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 3.09 |
| Investments | 884 | 600 | 101 | 0.53 | 0.56 | 0.50 | 0.53 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 3.15 | 5.93 | 6.02 | 2.98 | 3.13 | 2.40 | 21.92 |
| Cash & bank balances | 750 | 518 | 736 | 603 | 1,576 | 1,053 | 2,397 |
| Loans & advances | 1,177 | 762 | 2,332 | 2,304 | 2,671 | 21,307 | 15,875 |
| Total current assets | 1,931 | 1,286 | 3,074 | 2,910 | 4,249 | 22,363 | 18,294 |
| Total current liabilities | 2,177 | 1,861 | 4,354 | 3,298 | 3,277 | 3,213 | 2,963 |
| Net working capital | (246) | (574) | (1,281) | (388) | 972 | 19,150 | 15,331 |
| Total assets | 91,631 | 75,007 | 58,246 | 26,996 | 24,375 | 23,081 | 19,102 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 57.29 | 74.21 | 138 | 988 | 557 | 1,876 | 2,061 |
| Net cash from operating activities | (14,477) | (14,460) | (11,100) | (3,206) | (1,709) | (5,018) | (1,846) |
| Net cash from investing activities | (281) | (518) | (23.15) | (2.10) | (0.16) | (36.52) | (53.41) |
| Net cash from financing activities | 14,748 | 14,960 | 11,059 | 2,441 | 2,141 | 3,736 | 1,701 |
| Net change in cash | (9.60) | (16.92) | (64.24) | (767) | 431 | (1,319) | (198) |
| Closing cash | 750 | 518 | 736 | 603 | 1,576 | 1,053 | 2,397 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +23.0% | +36.0% | - | +10.4% | +17.3% | +11.6% | - |
| EBITDA growth | +15.5% | +28.8% | - | +23.2% | +13.5% | -3.1% | - |
| PBT growth | +11.1% | +24.8% | +195.9% | +136.2% | -22.6% | -42.6% | +73.4% |
| Net income growth | +10.3% | +35.6% | - | +61.4% | -26.0% | -27.2% | - |
| Revenue CAGR (3Y) | +47.2% | +41.8% | +35.0% | +13.0% | +21.2% | - | - |
| EBITDA CAGR (3Y) | +51.0% | +54.0% | +47.7% | +10.7% | +15.1% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +22.5% | +25.1% | +25.2% | +13.3% | +9.1% | +12.4% | +22.0% |
| Return on capital employed | +8.7% | +9.4% | +8.3% | +8.3% | +7.2% | +7.4% | +8.6% |
| Return on net worth | +15.6% | +18.0% | +14.6% | +12.6% | +8.4% | +11.6% | +16.3% |
| Debt / equity | 5.93 | 6.08 | 5.80 | 8.31 | 7.98 | 6.78 | 5.73 |
| Long-term debt / equity | 5.86 | 6.06 | 5.80 | 7.94 | 7.81 | 6.78 | 5.73 |
| Interest cover | 67.73 | 66.32 | 65.25 | 74.94 | 86.00 | 79.29 | 65.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 6.67 | 6.32 | 4.66 | 4.41 | 2.74 | 3.18 | 5.17 |
| Dividend per share (₹) | 1.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.62 |
| Book value per share (₹) | 49.07 | 38.20 | 31.85 | 38.18 | 32.14 | 32.94 | 31.17 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,344 | 2,248 | 2,175 | 2,130 | 2,057 | 1,947 | 1,904 | 1,698 |
| Revenue growth (YoY) | +13.9% | +15.5% | +14.2% | +25.4% | +26.2% | +28.9% | - | - |
| Other income | 1.05 | 1.15 | 5.95 | 9.73 | 0.57 | 12.24 | 10.58 | 0.53 |
| Total expenses | 251 | 486 | 308 | 179 | 138 | 427 | 170 | 119 |
| EBITDA | 2,092 | 1,763 | 1,867 | 1,951 | 1,919 | 1,521 | 1,734 | 1,580 |
| EBITDA margin | +89.6% | +78.8% | +86.2% | +92.0% | +93.6% | +78.6% | +91.6% | +94.7% |
| Depreciation | 10.27 | 9.93 | 12.51 | 10.92 | 10.43 | 9.94 | 10.73 | 10.02 |
| Interest | 1,376 | 1,341 | 1,241 | 1,233 | 1,213 | 1,218 | 1,104 | 1,032 |
| Profit before tax | 707 | 413 | 619 | 717 | 696 | 305 | 630 | 538 |
| Tax | 152 | 75.22 | 127 | 132 | 147 | 57.95 | 128 | 113 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8,309 | 6,754 | 4,965 | 3,483 | 2,860 | 2,655 | 2,369 |
| Revenue growth | +23.0% | +36.0% | +42.6% | +21.8% | +7.7% | +12.1% | - |
| Other income | 28.48 | 0.76 | 0.07 | 0.12 | 13.86 | 2.69 | 3.48 |
| Total expenses | 1,052 | 471 | 85.59 | 232 | 430 | 495 | 649 |
| Employee cost | 0.00 | 81.05 | 71.32 | 63.09 | 58.82 | 47.36 | 46.98 |
| EBITDA | 7,257 | 6,283 | 4,880 | 3,251 | 2,430 | 2,160 | 1,720 |
| EBITDA margin | +87.3% | +93.0% | +98.3% | +93.3% | +85.0% | +81.4% | +72.6% |
| Depreciation | 43.81 | 38.80 | 30.35 | 23.50 | 23.24 | 22.67 | 22.81 |
| Interest | 4,905 | 4,141 | 3,164 | 2,088 | 1,587 | 1,570 | 1,459 |
| Profit before tax | 2,337 | 2,104 | 1,685 | 1,139 | 834 | 570 | 241 |
| Tax | 464 | 405 | 433 | 275 | 200 | 223 | 26.56 |
| Net profit | 1,873 | 1,699 | 1,253 | 865 | 634 | 346 | 215 |
| Net profit margin | +22.6% | +25.2% | +25.2% | +24.8% | +22.2% | +13.1% | +9.1% |
| EPS (₹) | 6.73 | 6.32 | 4.66 | 3.78 | 2.77 | 4.42 | 2.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 2,809 | 2,688 | 2,688 | 2,285 | 2,285 | 785 | 785 |
| Reserves & surplus | 10,972 | 7,578 | 5,872 | 3,651 | 2,984 | 2,211 | 1,737 |
| Shareholders' funds (net worth) | 13,781 | 10,266 | 8,559 | 5,935 | 5,268 | 2,995 | 2,521 |
| Secured loans | 31,303 | 32,719 | 29,782 | 24,295 | 14,143 | 10,894 | 11,310 |
| Unsecured loans | 46,543 | 32,021 | 19,905 | 15,870 | 13,470 | 13,106 | 10,543 |
| Total debt | 77,846 | 64,740 | 49,687 | 40,165 | 27,613 | 24,000 | 21,854 |
| Total liabilities | 91,627 | 75,006 | 58,246 | 46,100 | 32,881 | 26,995 | 24,375 |
| Assets | |||||||
| Gross block | 563 | 550 | 524 | 362 | 358 | 354 | 349 |
| Net block | 320 | 349 | 361 | 229 | 248 | 266 | 282 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 144 | 131 | 0.01 | 0.01 |
| Investments | 910 | 626 | 101 | 99.30 | 99.27 | 0.12 | 0.12 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 3.15 | 5.93 | 6.02 | 5.01 | 4.53 | 2.97 | 3.13 |
| Cash & bank balances | 717 | 491 | 736 | 955 | 527 | 603 | 1,576 |
| Loans & advances | 1,179 | 763 | 2,332 | 2,487 | 2,202 | 2,304 | 2,671 |
| Total current assets | 1,899 | 1,260 | 3,074 | 3,447 | 2,733 | 2,910 | 4,249 |
| Total current liabilities | 2,175 | 1,860 | 4,354 | 4,347 | 3,827 | 3,298 | 3,277 |
| Net working capital | (276) | (600) | (1,281) | (900) | (1,094) | (388) | 972 |
| Total assets | 91,627 | 75,006 | 58,246 | 46,100 | 32,881 | 26,995 | 24,375 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 29.84 | 74.21 | 138 | 131 | 221 | 988 | 557 |
| Net cash from operating activities | (14,482) | (14,461) | (11,100) | (12,343) | (5,254) | (3,206) | (1,709) |
| Net cash from investing activities | (281) | (543) | (23.15) | (17.21) | (107) | (2.10) | (0.16) |
| Net cash from financing activities | 14,748 | 14,960 | 11,059 | 12,368 | 5,271 | 2,441 | 2,141 |
| Net change in cash | (15.20) | (44.37) | (64.24) | 7.36 | (89.84) | (767) | 431 |
| Closing cash | 717 | 491 | 736 | 955 | 527 | 603 | 1,576 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +23.0% | +36.0% | +42.6% | +21.8% | +7.7% | +12.1% | - |
| EBITDA growth | +15.5% | +28.8% | +50.1% | +33.8% | +12.5% | +25.6% | - |
| PBT growth | +11.1% | +24.8% | +47.9% | +36.6% | +46.4% | +136.2% | -22.5% |
| Net income growth | +10.3% | +35.6% | +44.9% | +36.5% | +82.9% | +61.5% | - |
| Revenue CAGR (3Y) | +33.8% | +33.2% | +23.2% | +13.7% | +12.3% | +33.4% | - |
| EBITDA CAGR (3Y) | +30.9% | +37.2% | +31.2% | +23.7% | +17.1% | +28.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +22.5% | +25.2% | +25.2% | +24.8% | +22.2% | +13.1% | +9.1% |
| Return on capital employed | +8.7% | +9.4% | +9.3% | +8.2% | +8.1% | +8.3% | +7.4% |
| Return on net worth | +15.6% | +18.1% | +17.3% | +15.4% | +15.3% | +12.6% | +8.4% |
| Debt / equity | 5.93 | 6.08 | 6.20 | 6.05 | 6.25 | 8.31 | 7.61 |
| Long-term debt / equity | 5.86 | 6.06 | 6.19 | 6.03 | 6.17 | 8.07 | 7.44 |
| Interest cover | 67.73 | 66.32 | 65.25 | 64.71 | 65.94 | 73.48 | 86.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 6.67 | 6.32 | 4.66 | 3.78 | 2.77 | 4.42 | 2.73 |
| Dividend per share (₹) | 1.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 49.06 | 38.20 | 31.85 | 25.98 | 23.06 | 38.17 | 32.14 |
To see the full year-wise statements and ratios of Indian Renewable Energy Development Agency Limited, buy the company report.
Board of directors of Indian Renewable Energy Development Agency Limited
Indian Renewable Energy Development Agency has 4 current directors and 41 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padam Lal Negi Also directs: Solar Energy Corporation of India Limited, Pawan Hans Limited, AI Airport Services Limited and 2 more | Nominee Director | 07 Feb 2023 | 3 Years 8 Months | Current |
| Bijay Kumar Mohanty Also directs: Ireda Global Green Energy Finance Ifsc Limited | Whole-Time Director | 12 Oct 2023 | 3 Years 0 Months | Current |
| Javvadi Venkata Naga Subramanyam | Additional Director | 24 Jul 2026 | 0 Years 3 Months | Current |
| Manoneet Dalal | Additional Director | 18 Aug 2026 | 0 Years 2 Months | Current |
Peer comparison
Indian Renewable Energy Development Agency Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Renewable Energy), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indian Renewable Energy Development Agency Limitedthis company | ₹8,310.41 Cr (FY 2026) | ₹1,874 Cr | 22.6% | 23.0% | New Delhi, Delhi, India | |
| Creditaccess Grameen Limited | ₹5,172.66 Cr (FY 2024) | 46.0% | Bangalore, Karnataka, India | |||
| Sbi Cards and Payment Services Limited | ₹5,144.36 Cr (FY 2018) | 53.0% | New Delhi, Delhi, India | |||
| Shanghvi Finance Private Limited | ₹5,059.13 Cr (FY 2024) | 118.0% | Mumbai, Maharashtra, India | |||
| Kotak Mahindra Prime Limited | ₹4,904.43 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Religare Enterprises Limited | ₹4,863.23 Cr (FY 2023) | 44.0% | New Delhi, Delhi, India | |||
| India Infrastructure Finance Company Limited | ₹4,776.7 Cr (FY 2022) | 1.0% | New Delhi, Delhi, India | |||
| Credila Financial Services Limited | ₹4,726 Cr (FY 2025) | 71.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indian Renewable Energy Development Agency Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2025 | 101165138 | Others | ₹2,500 Cr | Open | |
| 29 Sep 2025 | 101170766 | Others | ₹2,000 Cr | Open | |
| 12 Sep 2025 | 101155907 | Others | ₹2,500 Cr | Open | |
| 25 Jul 2025 | 101132308 | Canara Bank | ₹4,000 Cr | Open | |
| 30 Jun 2025 | 101117797 | Bank of India | ₹2,000 Cr | Open |
To see the full charge records of Indian Renewable Energy Development Agency Limited, buy the company report.
Total charge records: 88 View all charges
Deals & funding
Indian Renewable Energy Development Agency Limited has 10 deals on record (7 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹5,000 Cr; the latest was in June 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Market trade | ₹473.65 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2023 | Market trade | ₹217.53 Cr | Buyer: Evolute Trading Private Limited Seller: Evolute Trading Private Limited |
| Dec 2023 | Market trade | ₹119.13 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2023 | Market trade | ₹210.19 Cr | Buyer: Graviton Research Capital LLP , Pure Broking Private Limited Seller: Graviton Research Capital LLP , Pure Broking Private Limited |
| Nov 2023 | IPO | ₹2,150.21 Cr | Investors: Goldman Sachs Public Market Fund, Sbi Life Insurance Company Limited , Icici Prudential Life Insurance Company Limited Seller: The President of India |
To see the full deal history of Indian Renewable Energy Development Agency Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indian Renewable Energy Development Agency Limited has 903 court cases on record: 624 filed by Indian Renewable Energy Development Agency, 279 filed against it. 187 cases are pending and 716 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 607 | 49 | 97 |
| High courts | 181 | 140 | 62 |
| NCLAT | 71 | 59 | 24 |
| Supreme Court | 26 | 23 | 3 |
| NCLT | 18 | 8 | 1 |
Cases on record (5 of 903)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company by M/S Hetero Renewable Energy Private Limited | Pending |
| High Court of Delhi | Writ petition | Filed against the company by Maa Sheetla Ventures Limited & Ors. | Pending |
| District court, New Delhi, Delhi | Appeal | Filed by the company against M/S Andhra Pradesh Power Projects Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Taxus Infrastructure and Power Projects Pvt Ltd and Ors | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Ampra Distilleries Private Limited | Pending |
To see the full case history of Indian Renewable Energy Development Agency Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Indian Renewable Energy Development Agency Limited was last rated by Brickwork on 25 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 25 Nov 2020 |
To see the full credit ratings and regulatory alerts of Indian Renewable Energy Development Agency Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indian Renewable Energy Development Agency Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indian Renewable Energy Development Agency has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACI1384C1ZZ | Delhi | Active | 01 Jul 2017 |
| 07AAACI1384C1D8 | Delhi | Active | 10 Nov 2018 |
| 32AAACI1384C1Z6 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian Renewable Energy Development Agency Limited, buy the company report.
Recent activity
Indian Renewable Energy Development Agency Limited has 47 board changes on record since 2007: 8 appointments and 39 cessations. The latest: Manoneet Dalal was appointed as Additional Director on 18 Aug 2026.
175 earlier events are in the company report.
News
Frequently asked questions
Indian Renewable Energy Development Agency is an active public limited union government company based in New Delhi, Delhi, India. The company works in financial activities, within the financial services industry. It was incorporated on 11 March 1987 (39+ years old) and is registered under CIN L65100DL1987GOI027265. Listed on BSE: 544026 and NSE: IREDA.
Indian Renewable Energy Development Agency reported revenue of ₹8,310.41 Cr for FY 2025-26 (up 23% YoY) based on consolidated financials.
Indian Renewable Energy Development Agency has 4 current directors:
- Bijay Kumar Mohanty - Whole-Time Director
- Padam Lal Negi - Nominee Director
- Javvadi Venkata Naga Subramanyam - Additional Director
- Manoneet Dalal - Additional Director
The latest financial statements of Indian Renewable Energy Development Agency on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian Renewable Energy Development Agency is 07AAACI1384C1ZZ, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AAACI1384C1D8 (Delhi), 32AAACI1384C1Z6 (Kerala).
The CIN (Corporate Identification Number) of Indian Renewable Energy Development Agency is L65100DL1987GOI027265. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indian Renewable Energy Development Agency is a listed company as per MCA records. Its shares are listed on both BSE (code: 544026) and NSE (symbol: IREDA).
Indian Renewable Energy Development Agency has 903 court cases on record: 624 filed by the company and 279 filed against it. 187 are pending. Most are in the district courts.
Indian Renewable Energy Development Agency was incorporated on 11 March 1987, making it 39+ years old. It is registered with the Registrar of Companies, Delhi.
Indian Renewable Energy Development Agency has 10 deals on record (7 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹5,000 Cr; the latest was in June 2025.
The peers of Indian Renewable Energy Development Agency by revenue are Creditaccess Grameen Limited, Sbi Cards and Payment Services Limited, Shanghvi Finance Private Limited, Kotak Mahindra Prime Limited, Religare Enterprises Limited and 2 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Renewable Energy), with the same principal business activity (other financial activities).