IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector.[1]
Business OverviewIFCI Limited is a NBFC established in 1948, providing financial support for various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | I R F C | 121.80 | 23.28 | 159174.35 | 1.30 | 1776.98 | 10.19 | 6371.89 | -7.65 | 5.83 | 26774.19 | 99.33 | 6835.20 | 1776.98 | 2.86 | 1.34 | 7.25 |
| 2. | Power Fin.Corpn. | 374.70 | 5.05 | 123654.82 | 4.21 | 7834.39 | 8.31 | 28890.24 | 12.32 | 9.73 | 113492.35 | 96.22 | 24754.75 | 5743.25 | 0.98 | 2.75 | 7.88 |
| 3. | REC Ltd | 371.75 | 5.65 | 97890.08 | 4.86 | 4414.93 | 9.34 | 15152.67 | 10.75 | 9.96 | 59513.92 | 96.54 | 17266.97 | 4414.93 | 1.18 | 2.73 | 6.18 |
| 4. | H U D C O | 214.95 | 15.38 | 43030.81 | 1.91 | 709.83 | 3.08 | 3219.03 | 27.85 | 9.62 | 11761.56 | 97.44 | 2802.83 | 709.83 | 2.42 | 2.44 | 7.03 |
| 5. | Indian Renewable | 136.05 | 20.28 | 38219.51 | 0.00 | 584.91 | 37.50 | 2129.87 | 25.40 | 9.37 | 8038.19 | 88.63 | 1882.38 | 584.91 | 2.96 | 2.39 | 5.41 |
| 6. | IFCI | 61.95 | 70.54 | 16691.23 | 0.00 | 16.13 | 174.81 | 175.21 | 9.69 | 14.93 | 729.11 | 122.23 | 237.09 | 16.13 | 9.63 | 0.45 | 2.03 |
| 7. | Tour. Fin. Corp. | 68.73 | 28.29 | 3182.04 | 0.89 | 29.07 | 13.64 | 66.45 | 2.90 | 10.67 | 255.42 | 87.79 | 112.46 | 29.07 | 2.59 | 4.67 | 0.82 |
| – | Median: 9 Co. | 121.8 | 20.28 | 38219.51 | 0.89 | 584.91 | 10.19 | 2129.87 | 9.69 | 9.68 | 8038.19 | 96.22 | 1882.38 | 584.91 | 2.72 | 2.39 | 5.79 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 124 | 154 | 351 | 77 | 166 | 215 | 383 | 122 | 160 | 193 | 205 | 156 | 175 |
Expenses | -191 | -101 | 371 | 101 | -283 | 41 | -45 | 19 | 158 | 29 | -298 | 42 | 64 |
Operating Profit | 315 | 255 | -19 | -25 | 449 | 174 | 427 | 104 | 2 | 164 | 503 | 113 | 111 |
Other Income | 3 | 3 | 5 | 1 | 1 | 1 | 53 | 1 | 141 | 2 | 17 | 25 | 3 |
Profit before tax | 152 | 96 | -171 | -170 | 301 | 25 | 329 | -36 | 1 | 28 | 379 | 30 | 2 |
Tax % | 28% | 30% | 36% | -5% | 72% | 141% | 34% | 311% | 3,522% | 308% | 28% | 75% | -968% |
Net Profit | 110 | 67 | -232 | -161 | 84 | -10 | 216 | -148 | -22 | -59 | 273 | 7 | 16 |
EPS in Rs | 0.52 | 0.31 | -1.06 | -0.73 | 0.38 | -0.05 | 0.98 | -0.57 | -0.08 | -0.23 | 1.01 | 0.03 | 0.06 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,912 | 3,269 | 3,839 | 2,774 | 3,712 | 2,340 | 2,252 | 1,393 | 760 | 747 | 841 | 682 | 729 |
Expenses | 614 | 535 | 1,032 | 1,330 | 1,132 | 1,369 | 958 | 2,396 | 1,603 | 285 | -185 | -92 | -162 |
Operating Profit | 2,298 | 2,734 | 2,807 | 1,444 | 2,580 | 972 | 1,294 | -1,003 | -843 | 462 | 1,026 | 774 | 891 |
Other Income | 41 | 77 | 168 | 100 | 28 | 126 | 12 | 4 | 4 | 7 | 55 | 160 | 48 |
Interest | 1,666 | 2,102 | 2,517 | 2,289 | 2,074 | 1,756 | 1,416 | 1,119 | 923 | 631 | 573 | 537 | 476 |
Depreciation | 13 | -10 | 14 | 34 | 34 | 33 | 31 | 29 | 23 | 24 | 24 | 24 | 24 |
Profit before tax | 660 | 718 | 443 | -779 | 500 | -691 | -141 | -2,147 | -1,785 | -186 | 484 | 372 | 439 |
Net Profit | 508 | 522 | 337 | -458 | 468 | -444 | -278 | -1,958 | -1,991 | -288 | 128 | 44 | 237 |
EPS in Rs | 3.06 | 3.14 | 2.03 | -2.76 | 2.76 | -2.62 | -1.64 | -10.33 | -9.47 | -1.31 | 0.58 | 0.16 | 0.87 |
Dividend Payout % | 33% | 48% | 49% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,661 | 1,662 | 1,662 | 1,662 | 1,696 | 1,696 | 1,696 | 1,896 | 2,103 | 2,196 | 2,490 | 2,694 | 2,694 |
Reserves | 5,056 | 5,220 | 5,277 | 4,804 | 3,022 | 2,529 | 2,412 | 476 | -1,658 | -1,570 | -1,275 | -959 | -936 |
Borrowings | 21,033 | 26,097 | 27,747 | 23,163 | 20,138 | 16,094 | 12,323 | 10,870 | 7,012 | 5,808 | 5,451 | 3,778 | 3,572 |
Other Liabilities | 1,240 | 1,989 | 2,215 | 2,045 | 2,148 | 1,936 | 1,998 | 2,058 | 1,613 | 2,496 | 3,343 | 3,872 | 1,811 |
Total Liabilities | 28,989 | 34,968 | 36,900 | 31,674 | 27,005 | 22,256 | 18,429 | 15,300 | 9,070 | 8,930 | 10,008 | 9,386 | 7,142 |
Fixed Assets | 1,142 | 1,121 | 1,037 | 995 | 931 | 920 | 878 | 928 | 906 | 902 | 879 | 856 | 797 |
Gross Block | 1,561.10 | 1,507.95 | 1,441.01 | 1,429.33 | 964.97 | 985.11 | 963.11 | 1,041.74 | 1,056.25 | 1,064.01 | 1,061.64 | 1,062.64 | – |
Accumulated Depreciation | 419.60 | 386.62 | 403.80 | 434.49 | 33.67 | 65.39 | 84.68 | 113.60 | 149.92 | 162.19 | 182.73 | 206.87 | – |
CWIP | 6 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 7,514 | 7,590 | 8,188 | 6,394 | 6,686 | 4,829 | 3,235 | 4,294 | 2,944 | 2,277 | 2,909 | 2,426 | 2,391 |
Other Assets | 20,329 | 26,256 | 27,674 | 24,285 | 19,387 | 16,507 | 14,316 | 10,078 | 5,220 | 5,752 | 6,219 | 6,104 | 3,954 |
Total Assets | 28,989 | 34,968 | 36,900 | 31,674 | 27,005 | 22,256 | 18,429 | 15,300 | 9,070 | 8,930 | 10,008 | 9,386 | 7,142 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 131 | 265 | -64 | 385 | -510 | 430 | 487 | -623 | -521 | -483 | 32 | -1,175 |
Cash from Investing Activity | -7 | 28 | 95 | 20 | 92 | -2 | -48 | -78 | 0 | -19 | -0 | 78 |
Cash from Financing Activity | -194 | -399 | -305 | 1 | 61 | -225 | 200 | 200 | 100 | 500 | 500 | 500 |
Net Cash Flow | -70 | -106 | -274 | 405 | -357 | 203 | 638 | -500 | -421 | -2 | 532 | -596 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 4 | 6 | 4 | 4 | 1 | 3 | 13 | 15 | 15 | 19 | 45 | 46 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 4 | 6 | 4 | 4 | 1 | 3 | 13 | 15 | 15 | 19 | 45 | 46 |
Working Capital Days | -274 | -193 | -250 | -119 | -184 | -247 | -248 | -446 | -667 | -1,116 | -1,315 | -1,930 |
ROCE % | 9% | 9% | 8% | 5% | 9% | 5% | 7% | -7% | -8% | 6% | 16% | 15% |
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Stock Analysis
IFCI Limited, a Government of India Undertaking, is a non-banking financial company established in 1948, primarily focused on providing long-term finance to industrial projects across various sectors.
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