This article concerns share price targets for the next 10 to 15 years based on technical analysis, fundamental goals, and past performance. The estimated IREDA share price target 2024 to 2030, and 2035 are shown below.
Overview
IREDA is a financing company for Indian energy development, incorporated as a non-banking financial institution in 1987. IREDA has been granted ‘Navratna’ status (Navratna is a status where the company has a potential investment up to or more than 1000 crore without government intermediation), and it is a public sector government company. The company provides finance for energy-producing projects or renewable energy processes in India. IREDA got listed on the National Stock Exchange and Bombay Stock Exchange as of November 29, 2023.
Table of Contents
IREDA Share Price Target 2024 to 2030 and 2035
IREDA Share Price Targets are: 2024 – 190 to 220, 2025 – 235 to 267, 2026 – 310 to 350, 2027 – 388 to 433, 2028 – 485 to 535, 2029 – 590 to 660, 2030 – 696 to 744 and price forecasted 1215 to 1250 by 2035
| Year | First target | Second target |
| 2024 | 190 | 220 |
| 2025 | 235 | 267 |
| 2026 | 310 | 350 |
| 2027 | 388 | 433 |
| 2028 | 485 | 535 |
| 2029 | 590 | 660 |
| 2030 | 696 | 744 |
| 2035 | 1215 | 1250 |
IREDA share price target 2024
The IREDA closing share price as of November 22, 2024, is 185.89. It is not a fixed share price; fluctuation happens every second in the open market. The stock was listed at Rs.50 as of November 29, 2023, and raised a four-time lifetime high at Rs. 200 on February 6, 2024. Retail investors are fascinated to buy more of this stock after seeing an improvement in its share price. The stock then experienced a 30% correction, yet it is still included in the list of multibagger equities for the long run. The IREDA share price target for 2024 is 190 as the first target and 220 as the second target.
| Month | First target | Second target |
| November | 170 | 212 |
| December | 200 | 220 |
IREDA share price target 2025
The company’s profit after tax (PAT) has grown by 55% YoY in the past 5 years, and profit before tax has increased by 63% YoY in the past 5 years. The organization has maintained a healthy net NPA over the last five years; the current NPA for 2023–2024 is 0.99. The IREDA share price target for 2025 is 235 as the first target and 267 as the second target.
| Month | First target | Second target |
| January | 225 | 230 |
| May | 236 | 241 |
| September | 245 | 248 |
| December | 250 | 267 |
Jio Financial Services Ltd. share price target
IREDA share price target 2026
IREDA is maintaining a healthy ROE, and it has been increasing over the last five years. return on equity and return on net worth have grown by 23% and 28% YoY, respectively. The IREDA share price target for 2026 is 310 as the first target and 350 as the second target.
| Month | First target | Second target |
| January | 270 | 275 |
| May | 285 | 299 |
| September | 320 | 335 |
| December | 340 | 350 |
IREDA share price target 2027
IREDA gets 19% of its funding from foreign investors, 37% from domestic bonds, and 44% from domestic banks and FIs facilities. The company majorly facilitates loans to solar (27%), wind (18%), hydropower (12%), manufacturing (6%), and ethanol (5%) projects. IREDA also provides loans in waste for energy, EVs, biomass power, hydroelectric, wind, solar, transmission, emerging technology, etc. IREDA share price target 2027 is 388 as the first target and 433 as the second target.
| Month | First target | Second target |
| January | 360 | 375 |
| May | 380 | 385 |
| September | 400 | 405 |
| December | 412 | 433 |
IREDA share price target 2028
In 2023-2024, loan business is top-notch within all private sectors; even unsecured loans are very popular these days as they don’t need any collateral. The government is also pushing various lending products in current scenarios. The scope of the finance share price forecast is showing a high side in the upcoming years. The IREDA share price target 2028 is 485 as the first target and 535 as the second target.
| Month | First target | Second target |
| January | 440 | 455 |
| May | 466 | 470 |
| September | 490 | 505 |
| December | 520 | 535 |
IREDA share price target 2029
The company has shown good results in past 5 years, revenue from operations, operating profit and net profit has grown 20%, 60% and 55% YoY in past 5 years respectively. IREDA share price target 2029 is 590 as the first target and 660 as the second target.
| Month | First target | Second target |
| January | 545 | 550 |
| May | 570 | 585 |
| September | 605 | 620 |
| December | 645 | 660 |
IREDA share price target 2030
IREDA share price target 2030 is 696 as the first target and 744 as the second target.
| Month | First target | Second target |
| January | 680 | 690 |
| May | 700 | 715 |
| September | 720 | 725 |
| December | 740 | 744 |
IREDA share price target 2035
IREDA share price target 2035 is 1215 as the first target and 1250 as the second target.
What is IREDA?
IREDA is Indian Renewable Energy Development Agency, leading public sector government company. established to develop Indian renewable energy sector by financing to the projects.
Is IREDA good for long term?
IREDA is investing in India’s leading renewable energy sector and also in other business verticals. Stock financials are also good, and the and the company plans many schemes in the future. As per the IREDA share price forecast, it is a good stock to hold for the long term.
What is IREDA share price target 2025?
IREDA share price target 2025 is 235 to 267.
Conclusion
This article presents IREDA share price targets 2024 to 2030 and 2035. Targets are mentioned based on technical and fundamental analysis. stock may be corrected by any news or by companies’ poor or good results. Consider it a proposed level of guidance and not a recommendation. The stock market has high risk and unpredictable moves; invest with your risk appetite and a well-researched advisory.