Indian Railway Finance Corp Ltd
IRFCIndian Railway Finance Corp Ltd
IRFC


Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
26.67 | 3.55 | 1.12% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
17.16 | 2.39 | 1.01% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Indian Railway Finance Corporation Ltd, located in New Delhi, India, is a financing arm of the Ministry of Railways.
Peers
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 7,507.31 | 9,047.66 | 9,268.38 | 11,133.59 | 13,421.09 | 15,770.86 | 20,301.60 | 23,762.77 | 26,655.92 | 26,910.60 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 20,367.40 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 4.09 | 3.00 | 5.53 | 6.25 | 6.27 | 7.85 | 10.75 | 13.10 | 11.17 | |||||||||||
Selling & Administrative Expenses | — | — | — | — | — | — | — | — | — | |||||||||||
Operating & Other expenses | 5,552.95 | 6,911.05 | 6,670.01 | 8,225.35 | 10,222.28 | 11,342.46 | 14,186.67 | 17,568.46 | 20,223.20 | |||||||||||
EBITDA | 1,950.27 | 2,133.61 | 2,592.84 | 2,901.99 | 3,192.54 | 4,420.55 | 6,104.18 | 6,181.21 | 6,421.55 | 6,543.20 | ||||||||||
Depreciation/Amortization | 0.35 | 0.35 | 0.35 | 0.42 | 0.46 | 4.43 | 14.03 | 14.06 | 9.44 | 5.75 | ||||||||||
PBIT | 1,949.92 | 2,133.26 | 2,592.49 | 2,901.57 | 3,192.08 | 4,416.12 | 6,090.15 | 6,167.15 | 6,412.11 | 6,537.45 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 1,949.92 | 2,133.26 | 2,592.49 | 2,901.57 | 3,192.08 | 4,416.12 | 6,090.15 | 6,167.15 | 6,412.11 | 6,537.45 | ||||||||||
Taxes & Other Items | 1,101.22 | 1,199.46 | 537.83 | 646.84 | 0.00 | 0.00 | 0.32 | 0.00 | 0.00 | — | ||||||||||
Net Income | 848.70 | 933.80 | 2,054.66 | 2,254.73 | 3,192.08 | 4,416.12 | 6,089.83 | 6,167.15 | 6,412.11 | 6,537.45 | ||||||||||
EPS | 2.09 | 4.07 | 6.23 | 2.83 | 3.00 | 3.54 | 4.66 | 4.72 | 4.91 | 5.00 | ||||||||||
DPS | 0.75 | 0.57 | 0.58 | 0.43 | 0.00 | 1.05 | 1.40 | 1.50 | 1.50 | 1.50 | ||||||||||
Payout ratio | 0.36 | 0.14 | 0.09 | 0.15 | 0.00 | 0.30 | 0.30 | 0.32 | 0.31 | 0.30 |
Company Updates
Peers & Comparison
FinancialsSpecialized Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Railway Finance Corp Ltd | 27.19 | 3.55 | 1.12% |
Power Finance Corporation Ltd | 6.84 | 1.01 | 3.30% |
REC Limited | 8.21 | 1.68 | 3.63% |
Rail Vikas Nigam Ltd | 52.32 | 9.42 | 0.53% |
Price Comparison
Compare IRFC with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Indian Railway Finance Corp Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.0451% | Percentage of the fund’s portfolio invested in the stock 1.19% | Change in the portfolio weight of the stock over the last 3 months 0.86% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 41/52 (+6) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.0313% | Percentage of the fund’s portfolio invested in the stock 1.19% | Change in the portfolio weight of the stock over the last 3 months 0.86% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 41/51 (+5) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.0294% | Percentage of the fund’s portfolio invested in the stock 0.05% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 61/306 (-10) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 12, 2024
Dividend/Share
₹0.80
Ex DateEx Date
Nov 12, 2024
Cash Dividend
Ex DateEx DateAug 22, 2024
Dividend/Share
₹0.70
Ex DateEx Date
Aug 22, 2024
Cash Dividend
Ex DateEx DateNov 10, 2023
Dividend/Share
₹0.80
Ex DateEx Date
Nov 10, 2023
Cash Dividend
Ex DateEx DateSep 15, 2023
Dividend/Share
₹0.70
Ex DateEx Date
Sep 15, 2023
Cash Dividend
Ex DateEx DateNov 17, 2022
Dividend/Share
₹0.80
Ex DateEx Date
Nov 17, 2022
Net profit of Indian Railway Finance Corporation rose 1.98% to Rs 1630.66 crore in the quarter ended December 2024 as against Rs 1598.93 crore during the previous quarter ended December 2023. Sales rose 0.40% to Rs 6763.43 crore in the quarter ended December 2024 as against Rs 6736.60 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales6763.436736.60 0 OPM %99.4299.47 - PBDT1632.001600.26 2 PBT1630.661598.93 2 NP1630.661598.93 2 Powered by Capital Market - Live
The company's board has approved financing of 20 BOBR rakes procured under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways to NTPC for up to Rs 700 crore on a finance lease basis on 8 October 2024. Indian Railway Finance Corp.'s principal business is to borrow funds from the financial markets to finance. The Government of India held an 86.36% stake in the company as of 30 September 2024. NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As of 30 September 2024, the Government of India holds 51.10% stakes in NTPC. Shares of NTPC rose 0.48% to Rs 322.80 on the BSE.Powered by Capital Market - Live
Indian Railway Finance Corp. will hold a meeting of the Board of Directors of the Company on 20 January 2025.Powered by Capital Market - Live
REMCL is a joint venture of the Ministry of Railways (MOR) and RITES. The collaboration also extends to exploring financing options for thermal, nuclear, and renewable power projects established under a captive model through joint ventures involving Indian Railways and other entities. This MoU sets the foundation for cooperation between IRFC and REMCL to advance Indian Railways' goal of minimizing reliance on fossil fuels and achieving net-zero carbon emissions by 2030. The collaboration aims to harness renewable energy sources for the railway sector, added the company. Under the agreement, REMCL will provide its expertise in procuring economical conventional/renewable power for railways including conducting of bidding process for setting up renewable energy projects in the power sector, while IRFC will offer its financial acumen, including project appraisal and fundraising capabilities. Indian Railway Finance Corp. principal business is to borrow funds from the financial markets to finance. The Government of India held 86.36% stake in the company as on 30 September 2024. Indian Railway Finance Corporation (IRFC) standalone net profit rose 4.40% to Rs 1,612.65 crore on 2.01% increase in total income to Rs 6,900.20 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Indian Railway Finance Corporation and REMCL, a JV of Ministry of Railways & RITES, facilitating power procurement for Indian Railways, have signed a Memorandum of Understanding (MoU) to collaborate on financing Renewable Energy (RE) projects awarded by REMCL for supply to Indian Railways. The partnership also extends to exploring financing options for Thermal, Nuclear, and Renewable power projects established under a Captive model through joint ventures involving Indian Railways and other entities. This MoU sets the foundation for cooperation between IRFC and REMCL to advance Indian Railways' goal of minimizing reliance on fossil fuels and achieving net-zero carbon emissions by 2030. The collaboration aims to harness renewable energy sources for the railway sector. Under the MOU, REMCL will provide its expertise in procuring economical conventional/Renewable power for Railways including conducting of Bidding process for setting up Renewable Energy (RE) Projects in the power sector, while IRFC will offer its financial acumen, including project appraisal and fundraising capabilities. Powered by Capital Market - Live
Indian Railway Finance Corporation announced that Vallabhbhai Maneklal Patel, Non -Official Director (Independent Director) and Sheela Pandit, Non -Official Director (Independent Director) ceased to be Independent Directors of the Company with effect from 9 November 2024 on completion of their tenure. Powered by Capital Market - Live
Indian Railway Finance Corporation has fixed 12 November 2024 as record date for interim dividend of Rs 0.80 per share. Powered by Capital Market - Live
Indian Railway Finance Corp. announced that the Board of Directors of the Company at its meeting held on 4 November 2024, inter alia, have recommended the interim dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Indian Railway Finance Corporation rose 4.05% to Rs 1612.65 crore in the quarter ended September 2024 as against Rs 1549.87 crore during the previous quarter ended September 2023. Sales rose 1.97% to Rs 6899.66 crore in the quarter ended September 2024 as against Rs 6766.63 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales6899.666766.63 2 OPM %99.4599.50 - PBDT1613.741552.02 4 PBT1612.651549.87 4 NP1612.651549.87 4 Powered by Capital Market - Live
Total income rose by 2.01% year on year (YoY) to Rs 6,900.20 crore in the quarter ended 30 September 2024. Profit before tax was at Rs 1,612.65 crore in Q2 FY25, up 4.40% from Rs 1,544.58 crore posted in the same period a year ago. Total expenses rose 1.34% to Rs 5,287.55 crore in Q2 FY25 over Q2 FY24. During the quarter, finance cost stood at Rs 5,248.74 crore (up 1.29% YoY) while employee benefits expense was at Rs 2.92 crore (up 2.71% YoY). On half year basis, the company's net profit jumped 3.02% to Rs 3,189.47 crore on 1.69% rise in total income to Rs 13,666.22 crore in H1 FY25 over H1 FY24. Meanwhile, The company's board declared an interim dividend of Rs 0.80 per share for financial year 2024-25 and has set the record date on 12 November 2024. Indian Railway Finance Corp. principal business is to borrow funds from the financial markets to finance. The Government of India held 86.36% stake in the company as on 30 September 2024. Shares of Indian Railway Finance Corporation declined 3.26% to Rs 152.80 on the BSE.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.08%, vs industry avg of 12.69%
Increasing Market Share
Over the last 5 years, market share increased from 9.13% to 12.36%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 23.25%, vs industry avg of 18.31%