Indian Renewable Energy Development Agency Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Indian Renewable Energy Development Agency Limited (IREDA) is a Navratna Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA was established in 1987 as a Non-Banking Financial Institution (NBFI), and is dedicated to promoting, developing, and providing financial assistance for projects related to renewable energy and energy efficiency. The agency operates under the motto: “ENERGY FOR EVER.”Owned 75% by the Government of India (GoI), IREDA operates in the sectors of wind, hydro, solar, and waste-to-energy projects across the country. Headquartered in New Delhi, the agency is led by Shri Pradip Kumar Das, Chairman and Managing Director.
Incorporation Year: 1987
Headquarters: New Delhi
Top Management: Shri Pradip Kumar Das, Chairman and Managing Director.
Industry: BFSI
Website: www.ireda.in
Featured In Fortune India Ranking
Fortune 500 India
#423(2024)
#423(2024)
Next 500 India
#4(2024)#21(2020)#43(2019)#100(2018)#196(2017)#193(2016)
#4(2024)#21(2020)#43(2019)#100(2018)#196(2017)#193(2016)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
4,965
(INR Cr)
Net Operating Income
4,965
(INR Cr)
Assets
58,246
(INR Cr)
Profit
1,252
(INR Cr)
Net Worth
8,559
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4965 42.6% | 3483 21.2% | 2874 8.1% | 2659 12.1% | 2372 17.3% | 2023 11.3% | 1817 36.2% | 1334 13.5% | 1175 5.0% | 1119 24.9% | 896 22.8% | 730 35.8% | 537 32.4% | 406 16.8% | 348 24.7% | 279 - |
| Net Operating Income (INR Cr) | 4965 42.56% | 3483 21.77% | 2860 7.73% | 2614 10.35% | 2369 17.25% | 2020 11.61% | 1810 35.98% | 1331 13.33% | 1175 5.02% | 1119 25.40% | 892 0.00% | 729 36.67% | 534 31.74% | 405 19.80% | 338 21.86% | 277 11.72% |
| Profit (INR Cr) | 1252 44.8% | 865 36.5% | 634 82.9% | 346 61.4% | 215 -14.1% | 250 -38.4% | 405 93.0% | 210 -29.5% | 298 9.6% | 272 13.1% | 241 18.7% | 203 17.1% | 173 43.7% | 120 65.7% | 73 29.3% | 56 - |
| Assets (INR Cr) | 58246 26.4% | 46100 40.2% | 32881 21.8% | 26996 10.8% | 24375 5.6% | 23081 20.8% | 19102 13.3% | 16867 33.3% | 12657 27.2% | 9950 12.5% | 8843 29.8% | 6811 25.0% | 5450 47.6% | 3692 -0.6% | 3715 18.0% | 3149 - |
| Net Worth (INR Cr) | 8559 44.2% | 5935 12.7% | 5268 75.9% | 2996 18.8% | 2522 -1.7% | 2564 6.3% | 2413 -0.6% | 2428 5.7% | 2296 5.4% | 2179 12.7% | 1933 0.0% | 1688 15.8% | 1458 15.3% | 1264 31.6% | 961 7.7% | 892 8.9% |
| Employee Cost (INR Cr) | 71 13.0% | 63 7.3% | 59 24.2% | 47 0.8% | 47 6.0% | 44 1.2% | 44 56.7% | 28 22.3% | 23 -12.0% | 26 21.3% | 21 17.0% | 18 14.0% | 16 22.9% | 13 -6.9% | 14 7.7% | 13 - |
| Interest Cost (INR Cr) | 3164 | 2088 | 1587 | 1570 | 1459 | 1183 | 1006 | 810 | 668 | 646 | 488 | 381 | 253 | 189 | 148 | 127 |
| Cash & Bank Balance (INR Cr) | 736 | 955 | 527 | 603 | 1576 | 1053 | 2397 | 3241 | 2456 | 1057 | 511 | 115 | 614 | 205 | 925 | 763 |
| Total Debt (INR Cr) | 49687 | 40165 | 27613 | 24000 | 21854 | 18753 | 14985 | 12777 | 10005 | 7439 | 6764 | 5093 | 3959 | 2398 | 2755 | 2257 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 25.2% | 24.8% | 22.0% | 13.0% | 9.1% | 12.4% | 22.3% | 15.7% | 25.4% | 24.3% | 26.9% | 27.8% | 32.2% | 29.7% | 20.9% | 20.2% |
| Profit As % Of Assets | 2.2% | 1.9% | 1.9% | 1.3% | 0.9% | 1.1% | 2.1% | 1.3% | 2.4% | 2.7% | 2.7% | 3.0% | 3.2% | 3.3% | 2.0% | 1.8% |
| Profit As % Of Networth | 14.6% | 14.6% | 12.0% | 11.6% | 8.5% | 9.7% | 16.8% | 8.7% | 13.0% | 12.5% | 12.4% | 12.0% | 11.9% | 9.5% | 7.6% | 6.3% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 17.3% | 15.4% | 15.3% | 12.6% | 8.4% | 11.6% | 16.3% | 8.7% | 13.3% | 13.2% | 12.4% | 12.9% | 12.7% | 10.8% | 7.9% | 6.6% |
| ROCE | 9.3% | 8.2% | 8.1% | 8.3% | 7.2% | 7.4% | 8.6% | 7.6% | 9.6% | 10.9% | 9.4% | 10.3% | 10.1% | 9.6% | 8.4% | 7.3% |