Tag Energy Transition

IREDA Ltd
IREDA Q4 Results: ₹501 Cr Profit, 49% Growth, and Major Renewable Energy Push

Business and Industry Overview: 

Indian Renewable Energy Limited (IREL) and the Indian Renewable Energy Development Agency (IREDA) are both working towards clean energy in India. IREL is a private company that focuses on solar energy projects and explores new investments in power generation. It helps set up rooftop solar plants and looks for ways to grow in the renewable sector. IREDA, on the other hand, is a government-backed financial institution. It provides loans and financial help to projects related to solar, wind, hydro, and energy efficiency. IREDA was set up in 1987 and works under the Ministry of New and Renewable Energy (MNRE). Both organizations aim to make renewable energy more affordable and accessible. They want India to use cleaner power sources, reduce pollution, and move towards a sustainable future. The government is focusing a lot on solar energy. In the 2024-2025 budget, they increased the money for building solar power grids to Rs. 8,500 crore (US$ 1.02 billion), which is double what they spent the year before. The government is also supporting clean energy like green hydrogen and electric vehicles (EVs). Indian companies plan to invest Rs. 67,42,400 crore (US$ 800 billion) in these areas. 

IREDA is a strong player in India’s renewable energy market. It gets a lot of support from the government, which helps it provide loans and funding for clean energy projects. IREDA has been around since 1987 and is known for helping build projects in solar, wind, and energy efficiency. It works closely with the government’s plans to increase clean energy in the country. IREDA also has a good reputation for being reliable and transparent in its work. As the demand for renewable energy grows, IREDA is in a good position to keep helping develop new energy sources, even though new private companies are entering the market. 

Latest Stock News: 

On April 16, 2025, IREDA’s share price went up by 7%. This happened after the company shared its results for the January to March 2025 quarter (Q4 of FY25). 

In this time, IREDA made a profit of ₹501.55 crore. This profit is 49% more than the profit of ₹337 crore in the same quarter last year (January to March 2024). This shows the company earned much more money this year. 

The company’s total income also grew by 37%. It increased from last year and reached ₹1,905.06 crore. This income came from its main business — giving loans for clean energy projects like solar, wind, hydro, and others. 

IREDA also said that its loan book became bigger. It gave out more loans during the full year. The loan book grew by 28% and reached ₹76,250 crore. This means more people and companies are taking loans from IREDA to work on renewable energy projects. 

Because of all this good news, many investors started buying IREDA’s shares. This made the share price go up by 7% on April 16. One day before, on April 15, the share price had already gone up by more than 9%. In the last one month, the stock has gone up by over 20%. But it is still 24% down for the full year. 

Segmental information: 

IREDA works in two main areas to support clean energy in India. 

1. Financing Activities: IREDA gives loans to people, companies, and organizations. These loans help build renewable energy projects. The projects include solar power, wind power, hydro power, and biomass energy. IREDA helps people buy equipment for these projects too. It also gives loans to companies that make clean energy products. For example, if a company wants to build a solar power plant, they need a lot of money. IREDA can lend them the money to start the project. The company will pay back the loan in small amounts over time. IREDA also gives money for energy-saving projects.  These projects help save energy and reduce waste. All of these projects help India use more clean energy and reduce pollution. 

2. Power Generation: IREDA is also involved in making electricity. It works on renewable energy projects that produce power. IREDA helps build solar farms and wind farms that generate electricity. The electricity from these farms is used by homes, businesses, and industries. This helps supply clean energy to the country. 

Subsidiary Information: 

1. IREDA Global Green Energy Finance IFSC Limited: This company was started on May 7, 2024. It is in GIFT City in Gujarat. This area helps companies grow their financial work easily. The job of this company is to help invest in clean energy projects. It will give money to projects that use solar energy, wind energy, and other renewable sources. It will also support projects that save energy and use green technologies. This company will work not just in India but also in other countries. The main goal is to make clean energy cheaper and available to more people. 

2. New Subsidiary for Retail and B2B: IREDA also got approval from the government to start another subsidiary. This new company will focus on two areas: 

  • Retail: It will offer clean energy solutions to homes and small businesses. 
     
  • Business-to-Business (B2B): It will help big companies and industries with renewable energy projects. 
     

Q4 Highlights: 

  • IREDA made a profit of ₹501.55 crore for the fourth quarter of FY25, which is a growth of about 49% compared to ₹337 crore in the same period last year (Q4 FY24). 
     
  • The company’s revenue increased by 37%, reaching ₹1,905.06 crore. 
     
  • IREDA’s net interest income grew sharply by 47%, rising to ₹801 crore from ₹544 crore in Q4 FY24. 
     
  • The company’s asset quality has declined slightly. The Net NPA margin rose from 0.99% in Q4 FY24 to 1.35% in Q4 FY25, but it decreased from 1.5% in Q3 FY25. The Gross NPA margin stood at 2.45%. 
     
  • The company’s board has approved a borrowing plan of ₹30,800 crore for the financial year 2026. 
  • On April 16, 2025, IREDA’s shares were up by 7.20%, trading at ₹179. However, the stock is down by 20% for the year and has fallen 42% from its peak of ₹310. 

Financial Summary:  

Amount in ₹ Crore Q4 FY24 Q4 FY25 FY23 FY24 
Revenue 1,904.00 1,391.00 4,965 6,742 
Expenses 170.00 56 85 471 
EBITDA 630 488 1,716.00 2,130.00 
OPM 33% 35% 35% 32% 
Other Income 11 0 -1 12 
Net Profit 502.00 337.00 1,252 1,699 
NPM 26.37 24.23 66.46 56.48 
EPS 1.87 1.26 4.66 6.32 
Suzlon Ltd
Suzlon Energy Stock Falls 17% – Temporary Setback or Long-Term Opportunity?

Business and Industry Overview:  

Suzlon Energy Ltd is an Indian company. It makes wind turbines. It gives clean energy solutions. It started in 1995. The founder is Tulsi Tanti. The head office is in Pune, Maharashtra. The head office is called “One Earth”. It is a green building. It has Platinum LEED and GRIHA 5-star rating. It is one of the greenest office campuses in the world. Suzlon Group is a top company in clean energy. It is helping the world use more clean energy. Suzlon works in 17 countries. These include Asia, Australia, Europe, Africa, and the Americas. Suzlon has strong skills in clean energy systems. It makes good and strong products. It also does research and development (R&D). It has over 20 years of experience. Its systems give high output and more returns to customers. Suzlon has set up over 20,940 MW of wind power in the world. The company cares about nature, people, and growth. It works in a clean and responsible way. In the past, Suzlon had money problems. But now it is doing well. In August 2024, its market value became ₹1 lakh crore. In May 2024, Suzlon got a big order. It is from Juniper Green Energy. The project is for 402 MW of wind power in Rajasthan. Suzlon will install 134 wind turbines. Each turbine has 3 MW of power. But they also said there are some work challenges. Suzlon wants to give clean energy. It wants to grow and help the world use green power. 

Latest Stock News: 

Suzlon Energy is a clean energy company. It makes wind turbines. As of April 10, 2025, the stock price has moved up and down many times. On April 9, the stock fell by 3.64%. It touched ₹51.45 during the day. This fall was more than other clean energy companies, which fell 2.46%. In the last week, the stock went down by 10.84%. In the last month, it fell by 6.85%. In 2025, it will have fallen by 17.79%. But in the long term, the stock did well. In the last 3 years, it went up by 367.84%. In the last 5 years, it went up by 2095.52%. On April 7, 2025, the stock opened at ₹46.90. This was a big drop of 15.34% from ₹55.40 on April 4. It later went up to ₹51.02. The drop happened because the company got a fine. The fine was for not paying customs duty. In March 2025, the company said some orders were cancelled or made smaller. These orders were from January. But still, the total order size became bigger. It went from 5,523 MW on January 28 to 5,622 MW on March 28. Experts from Motilal Oswal gave a “buy” rating for the stock. They gave a target price of ₹70. This means the stock may go up by 21.5%. So, even with problems, many people still believe the company has a good future. 

Potentials: 

Suzlon Energy has announced a very big achievement. The company received India’s largest-ever wind energy order from NTPC Green Energy Limited (NGEL). NGEL is the renewable energy branch of NTPC Limited, which is the biggest government energy company in India. This order is for 1,166 megawatts (MW) of wind energy. As part of this deal, Suzlon will install 370 wind turbines. Each turbine will have a power capacity of 3.15 MW. These turbines are the S144 model, and they will be placed on special Hybrid Lattice Tubular (HLT) towers. The entire project will be set up in three different locations in Gujarat. The electricity made from these wind turbines will be able to power around 3 million homes. This is a very large project and will be the first time a government company (PSU) is doing such a big wind energy project in India. It will also help NTPC Green Energy increase its wind energy portfolio and reach its goal of adding 60 GW of renewable energy by 2032. This project is very important for Suzlon. It shows that Suzlon is back to working with big government energy companies. The company said this is a proud moment and a big step for clean energy in India. The project will also help Gujarat become a leader in renewable energy. Suzlon will not only supply the turbines, but also take care of the full setup—this includes transporting, installing, testing, and maintaining the turbines. The company said it will make sure the project is completed on time and of high quality. This project also supports the Indian government’s “Make in India” plan. The turbines will be made in India using local factories and workers. This will boost local jobs and technology. Suzlon’s total order book is now close to 5,000 MW as of September 3, 2024, because of this big deal. Suzlon’s Vice Chairman, Girish Tanti, said this is a strong partnership with NTPC Green Energy and a big milestone for both companies. Suzlon’s CEO, JP Chalasani, said this is just the beginning and more big projects will come in the future. In short, this is a historic project for Suzlon and India’s renewable energy journey. It will help reduce pollution, create jobs, and support clean energy for millions of people. 

Analyst Insights: 

  • Market capitalisation: ₹ 69,329 Cr. 
  • Current Price: ₹ 51.2 
  • 52-Week High/Low: ₹ 86.0 / 37.9 
  • P/E Ratio: 59.2 
  • Dividend Yield: 0.00% 
  • Return on Capital Employed (ROCE): 24.9% 
  • Return on Equity (ROE): 28.8% 

Suzlon Energy is doing well. Its sales and profit have grown more than 90% compared to last year. The company has many new orders. It is also working better and faster now. Suzlon has reduced its debt. Because of this, it pays less interest. Its profit margins are also better. The company is focusing on clean energy, which has good future demand. But the stock is expensive now. It is trading at a high P/E of 59.2 and 15 times its book value. This means the price may be too high at the moment. There are some other problems. Promoter holding is only 13.2%, which is low. The company does not give dividends. Also, debtor days have increased from 125 to 161, which means it takes longer to get money from customers. When we compare with other companies like Inox Wind and Orient Green, Suzlon’s ROCE and ROE are lower. This means it uses money less efficiently than others. In the long term, Suzlon has good chances because of the clean energy market. But now the price is high, and there are some risks. So, it is better to hold the stock or sell some part and book profit, especially if you bought it at a lower price. 

Vedanta Stock Analysis
Vedanta’s Growth Strategy & Market Outlook: From Metals to Green Energy

Business and Industry Overview:  

Vedanta Ltd. is a big company from India. It works with natural resources. It does many types of work. It finds, takes out, and processes minerals and oil & gas. It sells these products in India and other countries. It makes and sells many materials. These are zinc, lead, silver, copper, aluminium, iron ore, and oil & gas. These are used in buildings, machines, transport, and electronic items. These things are important for daily life and India’s growth. Vedanta also has other businesses. It makes electricity in big power plants. It makes steel in India. It runs ports in India. It also makes glass parts in South Korea and Taiwan. These glass parts are used in TVs, phones, and computers. It works in many countries. It is in India, South Africa, Namibia, Ireland, Liberia, and the UAE. Most of the company’s money comes from India. About 65% of the total money comes from India. Malaysia gives 9%, China gives 3%, UAE gives 1%, and other countries give 22%. Vedanta also makes oil and gas. These are used for fuel and energy. It makes electricity for factories and big businesses. These help machines work and vehicles run. Vedanta uses new machines and smart ideas. This helps the company work faster and better. It also helps reduce waste. This saves money. The company earns more profit this way. Vedanta follows good rules. It wants to be fair and honest in business. It wants to treat people well. But the company has a big problem. It has taken a lot of loans. This means it has a lot of debt. This is not good. It can create trouble for the future. To fix this, Vedanta has a plan. It wants to break into smaller companies. Each small company will handle one type of business. One company will do aluminium. One will do oil and gas. One will do power. This will help each company grow better. It will also bring new investors. Vedanta also wants to protect nature. It is working on green energy. This includes solar power and wind power. These do not cause pollution. Vedanta wants to stop pollution. It wants to become net-zero by 2050. This means it will not add bad gases to the air. Vedanta is very important for India. It gives raw materials to many industries. These industries make products, build things, and create jobs. Vedanta helps India grow. It helps India become strong and self-reliant.   

Latest Stock News: 

In the fourth quarter of FY25, Vedanta did well in metals but not in oil and gas. The company made more aluminium, zinc, iron ore, and steel. But it produced less oil and gas. Aluminium production was 6,03,000 tonnes. This was 1% more than the same time last year. It is a small increase but still good. In the Zinc India division, Vedanta made 3,100,000 tonnes of mined metal. This was 4% more than last year. This happened because the metal in the mines was of better quality, and the machines worked better. In the Zinc International division, Vedanta made 50,000 tonnes of mined metal. This was a big increase of 52% from last year. This shows good growth in other countries too. But oil and gas production is less, which is not a good sign. So, metal production went up, but oil and gas went down. Here is the same explanation in easier English, with small and simple sentences, and no complex words or sentences, while keeping all the important details: 

Vedanta’s chairman, Anil Agarwal, said that India is behind China in shipping. He said that China has more than 5,000 big ships. But India has less than 500 ships. These ships are used to carry goods for trade. This is a very big difference. He also said that China controls most of the world’s sea trade. About 98% of the world’s trade ships are owned by Chinese companies or are made in China. This means that China is very strong in global shipping. Anil Agarwal said that India is surrounded by the sea on three sides. India also has a rich history in sea trade. But now, India is only number 16 in the world for shipping power. India wants to improve. India wants to be in the top 10 shipbuilding countries by 2030.  India’s ports are important. They handle 95% of trade by volume and 70% by value. In the year 2024, Indian ports moved 819.22 million tonnes of goods. This is 4.45% more than last year. Anil Agarwal said that India must do better. He said that the government and private companies should work together. Everyone should help. He used a shipping phrase — “all hands on deck.” This means everyone must join and support. He said India should become strong in shipping and not depend too much on China. 

Potentials: 

Vedanta has many plans for the future. It wants to grow. It also wants to reduce its loans. Vedanta will break into smaller companies. Each small company will do one type of work. One company will do aluminium. One will do oil and gas. Others will do power, steel, or mining. This will help each company grow better. It will also help Vedanta get more money from investors. Vedanta also wants to use green energy. It will use solar and wind energy. These are clean energy sources. The company wants to stop pollution. Vedanta wants to become net-zero by 2050. This means it will not add dirty gas to the air. The company will also use better machines and smart tools. This will save money and energy. Vedanta will also put money in technology. It will invest $500 million in AvanStrate Inc. This company makes display glass. Display glass is used in phones, TVs, laptops, and car screens. Vedanta owns 98% of AvanStrate. This money will help AvanStrate grow. It will also help the company make better glass. The company will do more research. It will make new glass for many uses. These include chips (semiconductors), car screens, biotech tools, and other products. 

AvanStrate works in Taiwan, South Korea, and Japan. It wants to work with new partners. These partners will help make better glass. Vedanta says this will help it grow in future areas. These areas are energy, technology, and special materials. Vedanta also wants to use automation and clean methods. It wants to be good to people and nature. It wants to follow clean and fair business rules. AvanStrate’s head is Akarsh Hebbar. He said the company will become a top name in display glass. The market for this glass is $42 billion now. It may grow to $60 billion by 2030. Vedanta says AvanStrate is ready to meet this demand. It will be an important part of the world market. 

In short, Vedanta wants to grow in metals, green energy, and technology. It is taking many steps for a strong and clean future. 

Analyst Insights: 

  • Market capitalisation: ₹ 1,56,983 Cr. 
  • Current Price: ₹ 401 
  • 52-Week High/Low: ₹ 527 / 317 
  • P/E Ratio: 13.2 
  • Dividend Yield: 10.8%
  • Return on Capital Employed (ROCE): 20.9% 
  • Return on Equity (ROE): 10.5% 

Vedanta Ltd is a big Indian company. It works in many areas. It makes metals, oil and gas, power, and also runs ports. It makes aluminium, copper, zinc, silver, iron, and steel. These are raw materials. Many industries use them. For example, aluminium is used in cars and kitchen items. Copper is used in wires. Zinc is used to stop rust. Oil and gas are used for fuel and energy. Most of the company’s money comes from aluminium. It gives 38% of the total money. After that, zinc and oil & gas give the next highest income. Vedanta works mainly in India. But it also works in South Africa, UAE, Taiwan, and Namibia. This helps the company earn money from many places. Vedanta gives high dividends. This means it gives money to people who invest in the company. It earns good profit. It is strong in the mining and metal market. Many investors like this company. But there are some problems. Vedanta has a lot of debt. It has taken out big loans. Its parent group also has loans. The promoter group has pledged 100% shares. This means they used their shares to get money. This is risky. Also, the promoter’s share is going down. This may be a worry for some people. In short, Vedanta is a strong company. It gives good profit and money to investors. But it also has some risks like high debt and pledged shares. Investors should think about both good and bad points. 

Adani Total Gas
Adani Total Gas : Assessing Revenue Growth and Valuation Metrics

Company Overview 

Adani Total Gas Limited (ATGL), a joint venture between the Adani Group and TotalEnergies both owning 37.4 percent equity shares in the company, is one of the big players in CGD in India. The company’s primary operations include transportation gas supply and supply of natural gas for domestic, commercial and industrial purposes. ATGL commenced operations in 2004 and has grown to serve 34 districts while having equity stakes in a further 19 districts through a joint venture with the Indian Oil Corporation known as Indian Oil Adani Gas Pvt Ltd (IOAGPL). The cumulative distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) with the active distribution of 577 CNG stations within the network by October 2024 remain the core businesses within its operations contributing positively to its operational finance. Consistent with its promise to sustainability, the company has diversified its operations into innovative energy solutions through its subsidiary Adani TotalEnergies E-Mobility Limited, focused on biogas, LNG, green hydrogen and electric vehicle infrastructure. Notwithstanding recent controversies sparked off by the allegations involving its parent company concerning corporate governance, ATGL rests the arguments on premises that the concerns surrounding their investment will lead to growth and therefore innovation which it has funding of $375 million sourced internationally to expand its distribution network across 13 states that is in line with India’s clean energy vision. 

Returns Summary 

YTD 1 Month 6 Month 1 Year 2 Year 3 Year 5 Year 
-22.46% -5.54% -13.68% -22.46% -79.26% -55.29% 371.14% 

3Years Return: SBI Ltd. v/s Nifty 50 

Shareholding Pattern 

Key Metrics 

Metrics – 
Mkt Cap (INR Cr):              83,230 Cr. 
52-week H/L:                      1198/546 
PE Ratio:                             120.81 
Dividend yield:                   0.03% 
ROCE:                                21.26% 
P/B:                                    21.5 
NSE Code:                          ATGL 

Financial Trends 

Year Sales (₹ Cr) Operating Profit (₹ Cr) OPM (%) Net Profit (₹ Cr) EPS (₹) Reserves (₹ Cr) Borrowings (₹ Cr) Fixed Assets (₹ Cr) Debt/Equity 
Mar-18 1,374 366 27% 162 6.31 759 1,345 897 1.77 
Mar-19 1,719 455 26% 229 2.08 992 394 980 0.4 
Mar-20 1,875 595 32% 436 3.97 1,361 428 1,198 0.31 
Mar-21 1,696 704 42% 463 4.21 1,824 529 1,379 0.29 
Mar-22 3,038 773 25% 509 4.63 2,306 1,035 1,733 0.45 
Mar-23 4,378 870 20% 546 4.97 2,831 1,422 2,335 0.5 
Mar-24 4,475 1,104 25% 668 6.07 3,470 1,557 3,174 0.45 

Peer Comparison 

Company Price (₹) Market Cap (₹ Cr) P/B P/E EPS (₹) ROE (%) ROCE (%) P/S EV/EBITDA 
Adani Total Gas 761.05 83,701.05 21.5 120.81 6.3 20.09 21.26 18.72 69.58 
Gujarat Gas 498.7 34,330.02 4.32 27.1 18.4 15.56 21.65 2.19 15 
Indraprastha Gas 415.65 29,095.53 3.1 18.1 22.96 22.36 29.86 2.08 10.55 
Gujarat State Petronet 361.9 20,418.81 1.93 18.16 19.93 13.15 16.86 10.05 11.88 
Mahanagar Gas 1,284.40 12,687.02 2.29 11.04 116.37 27.79 37.6 2.03 6.71 
Confidence Futuristic 89.7 224.43 1.6 83.78 1.07 1.86 2.63 44.36 58.09 

Latest News

Adani Total Gas has reported a 7.2% revenue growth over the past year and an impressive 111% growth over three years. Despite industry-wide challenges, including a projected 5.1% revenue decline, the company has maintained resilience, justifying its elevated price-to-sales (P/S) ratio.

Investors remain optimistic about its ability to outperform peers, but future growth hinges on overcoming challenges like declining natural gas allocations. With revenue growth exceeding industry trends, Adani Total Gas continues to attract attention, though its ability to sustain this momentum will be crucial.

Stock Analysis 

On December 31 2024 Adani Total Gas Ltd. Share price close in a market fall-down by 3.28% and made an intraday low at 726.6. This fall came on the heels of four consecutive days of gain and was in stark contrast to 2.46 percent fall (over the past month) with the Sensex. One of the major reasons for the drop is the decrease in APM-priced domestic gas allocation. In this regard GAIL India Limited vide letter dated November 15 2024, communicated to ATGL, a reduction in gas allocation by 13% effective from November 16 2024. Its relatively decrease affect all the City Gas Distribution CGD sector. It also expected to speak negatively of the firm about profits. Noting revenue, the last push could be rationalized on a standalone basis by ATGL is basically growing revenue in some form of consistent manner. This may lead investors speculate that revenues will come through hard and glaze in the coming period and allow sales annual growth. According to the consensus of analysts, the stock’s target price is ₹1,085.00, which means that it can potentially gain by around 59.72% from the last closing price of ₹679.30.   The recent cuts on gas allocation and potential cuts on profitability should sway investors and affect stock performance in the near term, however. How quickly is still dependent on how ATGL manages these issues and tailors its approach to mitigate the effects of declining natural gas supplies. It is up to investors to closely watch and see what operational improvements ATGL makes on top of market developments to determine when a turnaround in the company’ stock performance will occur.  

Investors are advised to keep their eyes on the companies’ financials and strategic decisions which will provide further direction as to take the appropriate action in short term. However, the future from long term perspective looks attractive.