IREDA.NS
Price:
$133.4
Market Cap:
$374.75B
Indian Renewable Energy Development Agency Limited, a non-banking financial company, provides financial products and services in the renewable energy and energy efficiency sectors in India. It operates in two segments, Financing and Generation. The company promotes, develops, and extends financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. It also generates solar, wind, hydro, and waste to energy power. The company was incorporated in 1987 and is based in New Delhi, India.
Industry
Financial - Credit Services
IPO Date
2023-11-29
Stock Exchange
NSE
Ticker
IREDA.NS
According to Indian Renewable Energy Development Agency Limited’s latest financial reports and current stock price. The company's current ROE is 15.34%. This represents a change of 291.28% compared to the average of 3.92% of the last 4 quarters.
The mean historical ROE of Indian Renewable Energy Development Agency Limited over the last ten years is 8.99%. The current 15.34% ROE has changed 70.66% with respect to the historical average. Over the past ten years (40 quarters), IREDA.NS's ROE was at its highest in in the June 2021 quarter at 6.33%. The ROE was at its lowest in in the June 2014 quarter at 0%.
Average
8.99%
Median
11.79%
Minimum
0.87%
Maximum
16.54%
Discovering the peaks and valleys of Indian Renewable Energy Development Agency Limited ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 1.23%
Maximum Annual ROE = 16.54%
Minimum Annual Increase = -78.27%
Minimum Annual ROE = 0.87%
| Year | ROE | Change |
|---|---|---|
| 2025 | 16.54% | 13.07% |
| 2024 | 14.63% | 0.43% |
| 2023 | 14.57% | 21.14% |
| 2022 | 12.03% | 4.00% |
| 2021 | 11.56% | 1.23% |
| 2020 | 0.87% | -31.25% |
| 2019 | 1.26% | -52.06% |
| 2018 | 2.63% | -6.68% |
| 2017 | 2.82% | -78.27% |
| 2016 | 12.97% | 5.09% |
The current ROE of Indian Renewable Energy Development Agency Limited (IREDA.NS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
15.25%
5-year avg
13.87%
10-year avg
8.99%
Indian Renewable Energy Development Agency Limited’s ROE is less than Mahindra & Mahindra Financial Services Limited (16.95%), less than Housing and Urban Development Corporation Limited (15.77%), less than Housing and Urban Development Corporation Limited (15.77%), less than Cholamandalam Financial Holdings Limited (11.49%), less than Cholamandalam Financial Holdings Limited (11.49%), less than Sundaram Finance Limited (8.49%), less than Sundaram Finance Limited (8.49%), less than UCO Bank (8.45%), less than UCO Bank (8.45%), less than 360 One Wam Limited (16.45%),
| Company | ROE | Market cap |
|---|---|---|
| 16.95% | $510.67B | |
| 15.77% | $450.73B | |
| 15.77% | $450.87B | |
| 11.49% | $360.08B | |
| 11.49% | $360.17B | |
| 8.49% | $534.35B | |
| 8.49% | $538.59B | |
| 8.45% | $369.42B | |
| 8.45% | $369.42B | |
| 16.45% | $465.92B |
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How does the current ROE for Indian Renewable Energy Development Agency Limited (IREDA.NS) compare to its historical average?