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 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 |
|---|---|---|
| 28.55 | 3.78 | 1.06% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.39 | 2.41 | 1.00% |
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
Compare with peersPower Finance Corporation Ltd
REC Limited
Rail Vikas Nigam Ltd
Indian Renewable Energy Development Agency Ltd
Housing and Urban Development Corporation Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
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 | 26,884.23 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 20,372.77 | ||||||||||
| 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 | 6,511.46 | ||||||||||
| Depreciation/Amortization | 0.35 | 0.35 | 0.35 | 0.42 | 0.46 | 4.43 | 14.03 | 14.06 | 9.44 | 5.74 | ||||||||||
| 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 | 6,505.72 | ||||||||||
| 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 | 6,505.72 | ||||||||||
| 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 | 6,505.72 | ||||||||||
| EPS | 2.09 | 4.07 | 6.23 | 2.83 | 3.00 | 3.54 | 4.66 | 4.72 | 4.91 | 4.98 | ||||||||||
| 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
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Indian Railway Finance Corp Ltd | 28.97 | 3.78 | 1.06% |
| Power Finance Corporation Ltd | 7.98 | 1.17 | 2.82% |
| REC Limited | 9.42 | 1.92 | 3.16% |
| Rail Vikas Nigam Ltd | 55.65 | 10.02 | 0.50% |
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
Dec 2023
Mar 2024
Jun 2024
Sep 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) |
|---|---|---|---|---|
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0854% | Percentage of the fund’s portfolio invested in the stock 0.16% | Change in the portfolio weight of the stock over the last 3 months -0.04% | 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 133/299 (+5) |
ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0127% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.15% | 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 45/59 (-5) |
UTI Nifty Next 50 Index Fund - Direct Growth Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0088% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.15% | 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 56/59 (-18) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
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
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
Indian Railway Finance Corporation has fixed 12 November 2024 as record date for determining the entitlement of the shareholders for the payment of interim dividend. Powered by Capital Market - Live
Indian Railway Finance Corp. will hold a meeting of the Board of Directors of the Company on 4 November 2024.Powered by Capital Market - Live
Indian Railway Finance Corporation announced that Manoj Kumar Dubey, IRAS (DIN: 07518387) has been appointed as an Additional Director to be designated as Chairman and Managing Director on the Board of IRFC and also designated as CE0 of the Company/IRFC by Board of Directors in its meeting held on 09 October 2024 for a period of five years with effect from the date of his assumption of charge of the post, or until further orders, whichever is earlier. Powered by Capital Market - Live
The domestic equity indices traded with limited losses in mid-morning trade. The Nifty traded below the 24,350 level. Consumer Durables shares rallied for third consecutive trading session. At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 94.92 points or 0.13% to79,550.86. The Nifty 50 index declined 24.55 points or 0.10% to 24,322.45. In the broader market, the S&P BSE Mid-Cap index rose 0.08% and the S&P BSE Small-Cap index added 0.23%. The market breadth was negative. On the BSE, 1,808 shares rose and 1,904 shares fell. A total of 140 shares were unchanged. Economy India's CPI inflation in July 2024 stood at 3.54%, which is the lowest since August 2019, according to official data released on Monday, August 12. In the previous month of June 2024, India's retail inflation had stood at 5.08%. Meanwhile, India's IIP recorded a growth of 4.2% in June 2024. The factory output, measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4% in June 2023. IPO update: The initial public offer (IPO) of Saraswati Saree Depot received 7,54,59,690 bids for shares as against 100,00,800 shares on offer, according to stock exchange data at 11:15 IST on Tuesday (13 August 2024). The issue was subscribed 7.55 times. The issue opened for bidding on 12 August 2024 and it will close on 14 August 2024. The price band of the IPO was fixed at Rs 152 to 160 per share. Buzzing Index: The Nifty Consumer Durables index advanced 1.21% to 39,094.40. The index jumped 2.71% for third consecutive trading session. Blue Star (up 5.93%), Dixon Technologies (India) (up 2.78%), Kalyan Jewellers India (up 2.09%), Century Plyboards (India) (up 1.86%), Crompton Greaves Consumer Electricals (up 1.61%), V-Guard Industries (up 1.46%), Titan Company (up 0.9%), Rajesh Exports (up 0.78%), Voltas (up 0.41%) and Bata India (up 0.15%) advanced. Stocks in spotlight: Indian Railway Finance Corporation (IRFC) added 1.14% after the company's net profit grew by 1.65% to Rs 1,576.83 crore in Q1 FY25 as against Rs 1,551.28 crore posted in Q1 FY24. Senco Gold rallied 5.55% after the company's consolidated net profit jumped 82% to Rs 51 crore in Q1 FY25 as compared with Rs 28 core in Q1 FY24. Revenue increased 7.6% YoY to Rs 1,404 crore in Q1 FY25. AMI Organics rose 0.58%. The company's consolidated net profit declined 34% to Rs 14.7 crore in Q1 FY25 as compared with Rs 22.2 crore in Q1 FY24. Revenue stood at Rs 177 crore in Q1 FY25, up 14.9% as compared with Rs 154 crore in Q1 FY24.Powered by Capital Market - Live
Total revenue from operations rose by 1.37% year on year (YoY) to Rs 6,765.63 crore in the quarter ended 30 June 2024. Profit before tax was at Rs 1,576.8 crore in Q1 FY25, up 1.64% from Rs 1,551.3 crore posted in the same period a year ago. Total expenses rose 1.26% to Rs 5,189.2 crore in Q1 FY25 over Q1 FY24. During the quarter, finance cost stood at Rs 5,154.91 crore (up 1.26% YoY) while employee benefits expense was at Rs 2.61 crore (down 5.07% YoY). 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 June 2024. 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 12.57%
Increasing Market Share
Over the last 5 years, market share increased from 9.23% to 12.42%
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 18.42%