Funding ka naya jugaad!
Asal mein, ye jo ¥28 Billion ka loan hai, ye SMBC ke Singapore branch se aaya hai aur yeh 5 saal ke liye hai. Ismein ¥12 Billion ka greenshoe option bhi hai, matlab zarurat pade toh amount badha bhi sakte hain. Yeh deal IREDA ko India ke 500 GW renewable energy target tak pahunchne mein help karegi. Ye company ke liye bahut important hai kyunki ye India ki clean energy transition mein main role play kar rahi hai.
Numbers kya bol rahe hain?
Aur suno, company ke results bhi mast aa rahe hain! Q3 FY26 mein IREDA ka profit 37.5% jump kar ke ₹584.9 Crore ho gaya. Revenue bhi 38% badh kar ₹2,140 Crore pahunch gaya. Loan book bhi 28% expand ho kar ₹87,975 Crore ho gaya hai. Company ne FY26 ke liye ₹0.60 per equity share ka interim dividend bhi declare kiya hai.
Valuation aur Risk Factor
Abhi jo valuation chal raha hai, usko dekhna padega. IREDA ka TTM P/E ratio ab 16.8 hai, jo ki pichhle saal ke 29.16 se kam hai, par Power Finance Corporation (PFC) aur Rural Electrification Corporation (REC) jaise diversified peers se zyada hai. PFC aur REC ka P/E 7-9 ke range mein rehta hai. IREDA market cap ₹321.10 billion hai.
Company pe debt kaafi zyada hai, debt-equity ratio 5.41x hai aur net debt to EBITDA 16.02 hai. Ye numbers dikhate hain ki company growth ke liye debt par bahut rely karti hai, jisse interest rate fluctuations ka risk rehta hai. Stock bhi pichhle ek saal mein lagbhag 29.9% gira hai aur market mein kuch negative signals mil rahe hain.
Aage ka outlook
Phir bhi, analysts ka IREDA par outlook kaafi positive hai. Unka average 12-month price target ₹183.60 hai, matlab 'Moderate Buy' signal. Company India ki green energy expansion mein central player rahegi. Lekin investors ko is growth potential ko company ke current valuation premium, leveraged structure aur recent stock performance ke saath balance karna hoga.