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The Captial Market (CapitalMarket.com) rating for IREDA IPO is 46. Their analysis recommends May Subscribe for the IPO.
| Reviewer | Rating Score | Rating |
|---|---|---|
| Capital Market | 46 | May Subscribe |
[Dilip Davda] IREDA enjoys front runner tag in renewable energy financing and advisory services and is a PSU. It has posted growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings the issue appears fully priced, but is a long race horse. Well-informed investors may invest in this issue with a long term perspective. Read detail review...
Indian Renewable Energy Development Agency Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)
| Company Name | EPS (Rs) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | |
|---|---|---|---|---|---|
| EPS Basic | EPS Diluted | ||||
| Indian Renewable Energy Development Agency Limited | 3.78 | 3.78 | 25.98 | 15.44 | |
| REC Limited | 42.28 | 42.28 | 220.72 | 5.81 | 20.41 |
| Power Finance Corporation | 60.19 | 60.19 | 424.16 | 4.52 | 20.34 |
Notes for listed peers :
(1) All the financial information for listed industry peers mentioned above on a consolidated basis and is sourced from the annual reports for the year ended March 31, 2023.
(2) Basic EPS sourced from the annual report of the peers for the year ended March 31, 2023.
(3) Diluted EPS sourced from the annual report of the peers for the year ended March 31, 2023
(4) NAV is computed as the closing net worth divided by the closing outstanding number of equity shares as on March 31 ,2023.
(5) P/E Ratio for the listed industry peers has been computed based on the closing market price of equity shares on September 7, 2023
on NSE, divided by the Diluted EPS provided under Note 3 above.
(6)Return on net worth (RoNW) is computed as total profit/ (loss)(including profit attributable to non-controlling interest for the
year divided by Average net worth (including non-controlling interest) as at March 31, 2023. Average of the total equity (including non-controlling interest) attributable to the equity shareholders of our Company at the beginning and ending of the year.
IREDA IPO Reviews, analysis and views by popular members. Read Indian Renewable Energy Development Agency Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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| Member | Review |
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| No recommendation found. Be the first to post the recommendation. | |
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