ScoreWhy is Indian Renewable Energy Development Agency Ltd ?
1
Stock is technically in a Mildly Bearish range
- The technical trend has deteriorated from Sideways on 27-Apr-26 and has generated -6.02% returns since then
- A key technical factor - Bollinger Band has been Bearish since 27 Apr 2026
2
Despite the size of the company, domestic mutual funds hold only 0.48% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
3
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 0.10% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -24.53% returns
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Finance)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Indian Renewable for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Indian Renewable
-22.57%
-0.81
30.45%
Sensex
-4.95%
-0.49
12.94%
Management Risk
Growth
Capital StructureValuationValuation Key Factors 
Factor
Value
P/E Ratio
19
Industry P/E
21
Price to Book Value
2.61
EV to EBIT
15.67
EV to EBITDA
15.58
EV to Capital Employed
1.24
EV to Sales
13.60
PEG Ratio
3.48
Dividend Yield
0.47%
ROCE (Latest)
7.94%
ROE (Latest)
13.59%
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TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Sideways
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend7What is working for the Company
NET SALES(Q)
Highest at Rs 2,175.33 cr
PAT(9M)
Higher at Rs 1,627.12 Cr
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
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Here's what is working for Indian Renewable
Net Sales - Quarterly
Highest at Rs 2,175.33 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Nine Monthly
At Rs 1,627.12 cr has Grown at 23.77%
Year on Year (YoY)MOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Profit After Tax (PAT) - Nine Monthly
Higher at Rs 1,627.12 Cr
than preceding 12 month period ended Mar 2026 of Rs 1,561.56 crMOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
PAT (Rs Cr)
