IRFCFinancial Services

Indian Railway Finance Corporation Limited

Financial Institution · ISIN INE053F01010 · BSE 543257 · NSE EQ · FV ₹10
Last price
₹79
+0.46%today
What this company does

Indian Railway Finance Corporation Limited operates in Financial Institution, part of the Financial Services sector. It booked ₹8,261 cr of revenue in its latest quarter (Q1 FY27) and kept 23.3% of sales as profit. It is the 2nd largest of 7 Financial Institution companies we track, by market value.

54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
24

At close. Not part of the score.

Profitability & returns56

How much profit it earns on the money it employs

Cash quality31

Whether reported profit actually arrives as cash

Growth & consistency43

Whether sales and profit have grown, and how steadily

Valuation47

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 23% net margin
Sales up 19% vs last year
Profit up 10% vs last year
Promoters hold 83%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Carries high debt (D/E 3.1)

What if I invest in IRFC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹79 +0.46%
latest close · 2026-09-17
1-year return
+246.3%
52-wk low ₹1952-wk high ₹91
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio13.5Low
LowAverageHigh
P/B ratio1.83Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.6%Fair
WeakFairStrong ▸15%
Net margin23.3%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity3.06High
LowModerateHigh ▸1
More figures
Market cap
₹1.04 L cr
Book value
₹43
EPS
₹1.47
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.5%
Earnings yield
7.41%
P/S
3.14
Sales / share
₹25.3
Tax rate
0.0%
Face value
₹10
Shares
1,306.9 cr
Working capital
Current assets
Current liabilities
Delivery %
43.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹60 vs market price ₹79 — price is 33% above it
Safety cushion-33.0%(target ≥ +20%)
Models span ₹53₹66, midpoint ₹60
Model ₹60
Price ₹79
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹8,261 cr
Other Income₹130 cr
Total Income₹8,391 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹5 cr
Finance Costs₹6,421 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹38 cr
Total Expenses₹6,464 cr
Profit before Tax₹1,927 cr
Tax Expense₹0 cr
Net Profit₹1,927 cr
Net margin on total income23.0%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹5 cr0.1%
Finance costs₹6,421 cr76.5%
Depreciation & amortisation₹1 cr0.0%
Other expenses₹37 cr0.4%
Profit for the period₹1,927 cr23.0%
Total income ₹8,391 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue6,661 cr7,336 cr8,261 cr
Total income6,719 cr7,329 cr8,391 cr
Expenses4,917 cr5,644 cr6,464 cr
Profit before tax1,802 cr1,684 cr1,927 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)1,802 cr1,684 cr1,927 cr
Net margin (owners' share, on revenue)27.1%23.0%23.3%
EPS (₹)1.381.291.47
YoY (latest quarter): total income +21.3% · net profit +10.4%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹5.17 L cr
Shareholder equity
₹56,749 cr
parent shareholders
Total debt
₹1.74 L cr
Cash
₹211 cr
Cash flow · H1 FY26
Operating
₹17,287 cr
Investing
₹-42 L
Financing
₹-4,217 cr
Peer comparison
Financial Institution · by market value
CompanyPriceMarket capP/E
Power Finance Corporation Limited₹345₹1.14 L cr4.1
Indian Railway Finance Corporation Limitedthis company₹79₹1.04 L cr13.5
REC Limited₹311₹81,761 cr4.9
Housing & Urban Development Corporation Limited₹170₹33,942 cr10.0
Indian Renewable Energy Development Agency Limited₹109₹30,618 cr22.5
IFCI Limited₹77₹20,770 cr160.6
Tourism Finance Corporation of India Limited₹139₹1,257 cr17.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.65%
trailing 12 months
Dividend / share (TTM)
₹2.1
Last dividend
₹1.05
ex 13 Mar 2026
ActionDetailEx-date
Dividend₹1.05 / share13 Mar 2026
Dividend₹1.05 / share24 Oct 2025
Dividend₹0.8 / share21 Mar 2025
Dividend₹0.8 / share12 Nov 2024
Dividend₹0.7 / share22 Aug 2024
Dividend₹0.8 / share10 Nov 2023
Who owns it · 2026-06-30
No pledge
Promoter
82.9%
FII / Foreign
1.2%
DII / Domestic
4.0%
Retail / others
12.0%
Promoter stake down 3.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldPresident of India acting through and represented by the Ministry of Railways Government of India · Promoters22.40 cr · ₹2332.6 cr25 Feb 26
Bulk / block deals
short · NSE20,95015 Sep 26
short · NSE20,9509 Sep 26
short · NSE20,9508 Sep 26
Stake changes
SoldPresident of India, acting through the Ministry of Railways Government of India · promoter→ 82.90% · 22.87 cr25 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Aug 2026
See the official result
1
To receive, consider, approve and adopt the audited financial statements of the Company for the financial year ended 31st March 2026, along with the Reports of the Board of Directors and Auditors thereon and Comments of the Comptroller and Auditor General of India (CAG)
Backed by 97% of shareholders other than promotersneeded 50%
63.42 cr votes for, 1.76 cr against · 3% of mutual funds and other big investors said no
2
Confirmation of payment of 1st and 2nd interim dividend Paid during the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
65.18 cr votes for, 34,782 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Ms. Laya Madduri (DIN:11704330) as a Nominee Director
Backed by 75% of shareholders other than promotersneeded 50%
49.15 cr votes for, 16.03 cr against · 25% of mutual funds and other big investors said no
4
Appointment of Dr. Ranjay Choudhary (DIN:11796981) as Director (Finance) on the Board
Backed by 80% of shareholders other than promotersneeded 50%
52.36 cr votes for, 12.83 cr against · 20% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 82.9% between them · as of 2026-06-30
PRESIDENT OF INDIA ACTING THROUGH THE MOR82.90%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.