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Stock Analysis

Description

Power Finance Corporation Ltd. (PFC) is a Systemically Important Non-Deposit taking NBFC and an Infrastructure Finance Company, primarily involved in providing financial assistance to India's power sector.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Public Issue Opening Date: January 16, 2026
Public Issue Closing Date: January 30, 2026

Corporate Announcements

17th Apr 26

Impact Rating: 6

Smt. Usha Sajeev Nair, Shri Prasanna Tantri, and Shri Naresh Dhanrajbhai Kella, Independent Directors at Power Finance Corporation Ltd., have concluded their one-year tenures and stepped down effective April 17, 2026.

14th Apr 26

Impact Rating: 7

Power Finance Corporation's unit has set up four Special Purpose Vehicles for developing transmission systems in Rajasthan and Karnataka, with projects receiving recommendations and approvals from state bodies for tariff-based competitive bidding.

7th Apr 26

Impact Rating: 6

Power Finance Corporation Ltd. has confirmed the resignation of Independent Director Shri Bhaskar Bhattacharya. As per the director's declaration, he was not holding directorships in any other listed entity at the time his directorship with PFC ceased.

2nd Apr 26

Impact Rating: 6

Power Finance Corporation Ltd. (PFC) announced that Independent Director Shri Bhaskar Bhattacharya has resigned from the Board to avoid potential conflict of interest due to his candidature in the West Bengal Assembly election.

1st Apr 26

Impact Rating: 3

Power Finance Corporation Ltd. informed stock exchanges that Director (Commercial) Manoj Sharma and Director (Finance) Sandeep Kumar will retire on April 1, 2026, due to superannuation, marking a change in board leadership.

Peer Comparision

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	128.04	24.48	167355.46	1.25	1776.98	10.19	6371.89	-7.65	5.83	26774.19	99.33	6835.20	1776.98	2.98	1.34	7.25
2.	Power Fin.Corpn.	376.95	6.83	124446.95	4.19	4461.94	2.09	14755.50	11.73	9.74	56511.47	95.96	18227.31	4461.94	1.28	3.20	4.97
3.	REC Ltd	385.25	5.88	101458.20	4.67	4414.93	9.34	15152.67	10.75	9.96	59513.92	96.54	17266.97	4414.93	1.22	2.73	6.18
4.	H U D C O	226.82	16.20	45403.06	1.83	709.83	3.08	3219.03	27.85	9.62	11761.56	97.44	2802.83	709.83	2.52	2.44	7.03
5.	Indian Renewable	146.03	23.82	41037.49	0.00	549.00	41.59	2056.88	26.22	9.37	7606.77	88.78	1722.85	549.00	3.18	2.39	5.41
6.	IFCI	51.72	36.58	13929.65	0.00	317.40	71.83	732.28	18.66	8.08	2010.62	70.73	380.79	142.96	1.57	1.57	0.40
7.	Tour. Fin. Corp.	67.31	27.70	3114.92	0.89	29.07	13.64	66.45	2.90	10.67	255.42	87.79	112.46	29.07	2.49	4.67	0.82
–	Median: 9 Co.	128.04	23.82	41037.49	0.89	549.0	10.19	2056.88	10.75	9.49	7606.77	88.78	1722.85	549.0	2.5	2.39	5.19

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	684	526	243	-153	-127	-11	-241	-34	1,025	720	36	256	1,027
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	9	2	9	3	6	3	1	5	5	0	1	9	1
Profit before tax	3,680	4,150	5,079	3,671	4,539	5,513	4,281	5,020	6,101	3,670	4,785	5,452	5,540
Tax %	18%	19%	18%	18%	18%	18%	18%	18%	16%	18%	20%	20%	19%
Net Profit	3,005	3,377	4,155	3,007	3,718	4,502	3,492	4,135	5,109	2,999	3,847	4,370	4,462
EPS in Rs	9.11	10.23	12.59	9.11	11.27	13.64	10.58	12.53	15.48	9.09	11.66	13.24	13.52

Profit & Loss

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	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	730	1,080	2,012	5,470	3,172	-44	3,315	4,517	3,676	2,314	705	1,647	2,284
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	10	11	10	7	4	17	7	185	43	11	8	24	18
Interest	13,045	15,444	16,485	16,433	16,956	18,988	21,853	23,194	22,671	23,283	28,020	30,538	31,989
Depreciation	5	6	6	6	6	6	9	11	13	19	18	20	22
Profit before tax	7,558	8,378	9,061	5,110	5,845	9,816	8,193	10,207	12,228	14,171	17,626	21,172	22,234
Net Profit	5,418	5,959	6,113	2,126	4,387	6,953	5,655	8,444	10,022	11,605	14,367	17,352	18,227
EPS in Rs	16.42	18.06	18.52	6.44	13.29	21.07	17.14	25.59	30.37	35.17	43.54	52.58	55.23
Dividend Payout %	22%	20%	30%	62%	47%	0%	44%	31%	32%	30%	31%	30%	–

Balance Sheet

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	1,320	1,320	1,320	2,640	2,640	2,640	2,640	2,640	2,640	2,640	3,300	3,300	3,300
Reserves	26,055	30,899	34,446	33,830	34,316	40,648	42,524	49,753	56,710	65,562	75,903	87,637	94,225
Borrowings	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Liabilities	7,574	8,672	10,386	19,403	6,168	6,199	6,348	6,732	7,626	6,263	9,986	11,725	14,123
Total Liabilities	194,164	228,664	246,637	258,461	279,908	344,726	361,787	392,084	394,410	444,833	505,583	578,177	596,429
Fixed Assets	71	66	64	63	27	28	68	73	80	78	76	85	104
Gross Block	110.09	112.74	113.90	115.46	80.62	82.97	128.41	140.16	149.68	157.98	162.71	175.17	–
Accumulated Depreciation	39.46	46.95	49.99	52.89	53.65	54.64	60.90	67.41	69.98	79.54	86.66	89.76	–
CWIP	0	0	0	0	0	0	0	0	0	11	11	12	0
Investments	352	851	2,677	3,591	2,520	16,586	16,473	15,974	16,084	17,304	20,220	20,720	20,712
Other Assets	193,741	227,747	243,895	254,808	277,361	328,111	345,246	376,038	378,246	427,439	485,276	557,360	575,613
Total Assets	194,164	228,664	246,637	258,461	279,908	344,726	361,787	392,084	394,410	444,833	505,583	578,177	596,429

Cash Flows

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	-22,170	-21,462	-13,339	2,087	-24,708	-44,500	-8,486	-17,515	6,919	-35,759	-38,680	-50,365
Cash from Investing Activity	-190	-472	-1,856	-475	1,428	-13,820	16	881	-211	-714	-1,473	-935
Cash from Financing Activity	17,671	26,894	10,203	1,475	23,775	58,092	8,343	20,169	-9,705	35,774	40,153	51,300
Net Cash Flow	-4,689	4,961	-4,991	3,087	495	-228	-128	3,535	-2,997	-699	-0	0

Ratios

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	–	–	–	–	–	–	–	–	–	–	–	–
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	–	–	–	–	–	–	–	–	–	–	–	–
Working Capital Days	–	–	–	–	–	–	–	–	–	–	–	–
ROCE %	–	–	–	–	–	–	–	–	–	–	–	–

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%
FIIs	16.85%	16.49%	17.49%	16.85%	17.85%	17.19%	17.93%	17.74%	18.04%	18.84%	18.66%	18.84%	18.33%
DIIs	17.87%	18.63%	18.10%	17.86%	17.47%	18.21%	17.04%	17.43%	17.16%	16.17%	16.11%	16.04%	15.48%
Public	9.26%	8.89%	8.42%	9.29%	8.66%	8.58%	9.04%	8.83%	8.80%	8.97%	9.21%	9.13%	10.20%