Date 02.06.2025
IREDA
Timeframe : Day Chart
Technical Remarks :
1 Breaking out from one year long downward channel
2 Resistance/Breakout = 50% of Fibonacci retracement + 200 EMA = Same Area
3 Breakout from Ichimoku cloud & consolidating
4 If resumes cloud & downward channel then exit on long position
5 Minimum target on breakout will be 38.2% @ 211
Fundamental remarks :
Business Profile
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission
1 Stock is trading at 4.59 times its book value
2 Working capital days have increased from 1,185 days to 3,897 days
3 The company is 75% owned by Government Of India
Sector Split of Disbursements :
1 Solar Thermal/ SPV: 26%
2 Wind: 16%
3 Loan facility to State Utilities - Others: 18%
4 Hydro Power: 11%
5 Loan facility to State Utilities - Genco : 3%
6 Manufacturing: 6%
7 Ethanol: 7%
8 Others: 3
State wise Split :
1 Andhra Pradesh: 15%
2 Rajasthan: 14%
3 Karnataka: 13%
4 Tamil Nadu: 9%
5 Gujarat: 8%
6 Telangana: 8%
7 Maharashtra: 7%
8 Others: 26%
Regards,
Ankur
IREDA
Timeframe : Day Chart
Technical Remarks :
1 Breaking out from one year long downward channel
2 Resistance/Breakout = 50% of Fibonacci retracement + 200 EMA = Same Area
3 Breakout from Ichimoku cloud & consolidating
4 If resumes cloud & downward channel then exit on long position
5 Minimum target on breakout will be 38.2% @ 211
Fundamental remarks :
Business Profile
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission
1 Stock is trading at 4.59 times its book value
2 Working capital days have increased from 1,185 days to 3,897 days
3 The company is 75% owned by Government Of India
Sector Split of Disbursements :
1 Solar Thermal/ SPV: 26%
2 Wind: 16%
3 Loan facility to State Utilities - Others: 18%
4 Hydro Power: 11%
5 Loan facility to State Utilities - Genco : 3%
6 Manufacturing: 6%
7 Ethanol: 7%
8 Others: 3
State wise Split :
1 Andhra Pradesh: 15%
2 Rajasthan: 14%
3 Karnataka: 13%
4 Tamil Nadu: 9%
5 Gujarat: 8%
6 Telangana: 8%
7 Maharashtra: 7%
8 Others: 26%
Regards,
Ankur
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.