Indian Renewable Energy Development Agency (NSE:IREDA) ROCE %: 3.62% (As of Mar. 2026)

What is Indian Renewable Energy Development Agency ROCE %?

Indian Renewable Energy Development Agency NSE:IREDA -0.04% 35 ROCE % is 3.62% as of Mar. 2026. GuruFocus rates NSE:IREDA with a GF Score™ of 35/100. The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Indian Renewable Energy Development Agency's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.62%.

Indian Renewable Energy Development Agency (NSE:IREDA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Indian Renewable Energy Development Agency ROCE % Related Terms

Indian Renewable Energy Development Agency ROCE % Historical Data

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The historical data trend for Indian Renewable Energy Development Agency's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Renewable Energy Development Agency ROCE % Chart

Indian Renewable Energy Development Agency Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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5.68

5.60

6.03

3.97

3.88

Indian Renewable Energy Development Agency Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial											4.52	4.02	3.52	3.72	3.62

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Indian Renewable Energy Development Agency Ltd NSE:IREDA

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Indian Renewable Energy Development Agency ROCE % Calculation

Indian Renewable Energy Development Agency's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	30983.8	/	( ( (797349.5 - 139076.4)	+	(938078.7 - 45.1) )	/ 2 )
	=	30983.8	/	( (658273.1	+	938033.6)	/ 2 )
	=	30983.8	/	798153.35
	=	3.88 %

Indian Renewable Energy Development Agency's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	33922.4	/	( ( (0 - 0)	+	(938078.7 - 45.1) )	/ 1 )
	=	33922.4	/	( ( 0	+	938033.6 )	/ 1 )
	=	33922.4	/	938033.6
	=	3.62 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 3.62% mean?

Indian Renewable Energy Development Agency (NSE:IREDA) has a ROCE % of 3.62% as of Mar. 2026.

Is Indian Renewable Energy Development Agency's ROCE % too high?

Indian Renewable Energy Development Agency's current ROCE % is 3.62%. The Credit Services industry median ROCE % is 3.46. Indian Renewable Energy Development Agency's value of 3.62% is 4.6% above this industry median. Overall, Indian Renewable Energy Development Agency has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.

How does Indian Renewable Energy Development Agency's ROCE % compare to V and MA?

Indian Renewable Energy Development Agency's ROCE % of 3.62% can be compared against companies in the Credit Services industry. The industry median ROCE % is 3.46. Indian Renewable Energy Development Agency's value of 3.62% is 4.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Credit Services company?

The median ROCE % among Credit Services companies is 3.46, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Renewable Energy Development Agency's current ROCE % of 3.62% is 4.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Credit Services industry, the median ROCE % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Renewable Energy Development Agency's current ROCE % is 3.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Indian Renewable Energy Development Agency stock overvalued right now?

Indian Renewable Energy Development Agency (NSE:IREDA) has a current ROCE % of 3.62%. The current ROCE % is 3.62% and 4.6% above the Credit Services industry median of 3.46. Indian Renewable Energy Development Agency's overall GF Score™ is 35/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Indian Renewable Energy Development Agency (NSE:IREDA), the current ROCE % is 3.62% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Indian Renewable Energy Development Agency Business Description

Industry Financial Services Credit Services

Comparable Companies NSE:HUDCO BOM:524000 NSE:M&MFIN BOM:544597 BOM:531213 BOM:504973 NSE:SUNDARMFIN BOM:541770 BOM:544429 BOM:532636 V MA AXP COF BOM:500034 PYPL AFRM SYF NSE:SHRIRAMFIN SOFI

Other Exchanges 544026:India

Address August Kranti Bhawan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066

Website https://www.ireda.in

Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company operates in two segments: Financing activities in the Renewable Energy (RE) & Energy Efficiency (EE) sector and Generation of power through Solar Plant operations at Kasaragod, Kerala. Majority revenue for the company is genetrated from the segment of financing activities in the RE EE sector.

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