Indian Renewable Energy Development Agency Share Price
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Unlisted Shares

PHYSICAL

Indian Renewable Energy Development Agency Essentials

Indian Renewable Energy Development Agency Growth

Compounded Sales Growth

Highlights

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Growth in Net Interest Income (NII):- The year on year (Y-o-Y) growth in the NII in FY23 over FY23 is 17.4%. The 3-year CAGR growth of NII is 10.1%


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Increasing Profit Margins:- The profit margins of the company has been rising Y-o-Y. The profit margins of the company has increased significantly from 13.0% in FY21 to 24.8% in FY23

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Declining Cost of Borrowing:- The average cost of Borrowing for the company has decreased significantly from 7.1% in FY21 to 6.2% in FY23  

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Sufficient Liquidity:- Company is maintaining its liquidity position well above the regulatory requirement of 15% for the NBFCs. In FY23, the Capital to Risk Assets Ratio stands at 18.8%

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Improve Asset Quality:- Tremendous improvement in the asset quality of the company. There has been significant decline in the Net Non-Performing Assets of the company from 5.6% in FY21 to 1.6% in FY23  

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Strong Backup:- Government of India holds 100% of ownership in the company

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Investment Thesis:- With the growing prospects of Power in India specifically into the green energy segment, a lot of infrastructure is being built up which offers a great opportunity for the company to grow. The average P/B value of the industry (PFC and REC) is 1.2 whereas at higher price band of Rs 32, the P/B value of the company stands at 0.67 which is reasonably fair. Investors should subscribe for this IPO and also hold it for the long term as well.

Business Rating

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Managment
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Accounting Practice
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Profatibility
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Growth
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Over all Ratings
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