TFCILTDFinancial Services

Tourism Finance Corporation of India Limited

Financial Institution · ISIN INE305A01023 · BSE 526650 · NSE EQ · FV ₹2
Last price
₹139
+0.18%today
What this company does

Tourism Finance Corporation of India Limited operates in Financial Institution, part of the Financial Services sector. It booked ₹51 cr of revenue in its latest quarter (Q3 FY23) and kept 36.0% of sales as profit. It is the 7th largest of 7 Financial Institution companies we track, by market value.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Financial Services, on the 4 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
neutral
RSI (14)
65

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Cash quality82

Whether reported profit actually arrives as cash

Valuation48

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

Governance & risk72

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

Not measurable for this company: balance sheet, growth & consistency. 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 36% net margin
No promoter shares pledged
Watch-outs
! Sales down 17% vs last year
! Profit down 8% vs last year
! Low 7.6% return on equity
! Operating cash flow is negative

What if I invest in TFCILTD?

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 We do not publish price targets or predict returns.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
₹139 +0.18%
latest close · 2026-09-17
52-wk low ₹8042 sessions so far52-wk high ₹148
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 ratio17.1Average
LowAverageHigh
P/B ratio1.29Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.6%Weak
WeakFairStrong ▸15%
Net margin36.0%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.51Moderate
LowModerateHigh ▸1
More figures
Market cap
₹1,257 cr
Book value
₹108
EPS
₹2.03
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
3.8%
Earnings yield
5.84%
P/S
6.16
Sales / share
₹22.6
Tax rate
24.6%
Face value
₹10
Shares
9.0 cr
Working capital
Current assets
Current liabilities
Delivery %
38.0%
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 FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹105 vs market price ₹139 — price is 33% above it
Safety cushion-32.7%(target ≥ +20%)
Models span ₹64₹147, midpoint ₹105
Model ₹105
Price ₹139
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 · Q3 FY23 (consolidated)
Revenue from Operations₹51 cr
Other Income₹2.4 L
Total Income₹51 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹3 cr
Finance Costs₹21 cr
Depreciation & Amortisation₹41.4 L
Other Expenses₹2 cr
Total Expenses₹27 cr
Profit before Tax₹24 cr
Tax Expense₹6 cr
Net Profit₹18 cr
Net margin on total income36.0%
Where the money goes · Q3 FY23
% of total income
Employee benefit expense₹3 cr5.0%
Finance costs₹21 cr41.5%
Depreciation & amortisation₹41.4 L0.8%
Other expenses₹2 cr4.9%
Tax expense₹6 cr11.8%
Profit for the period₹18 cr36.0%
Total income ₹51 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ1 FY23Q2 FY23Q3 FY23
Revenue63 cr58 cr51 cr
Total income63 cr58 cr51 cr
Expenses31 cr36 cr27 cr
Profit before tax31 cr22 cr24 cr
Tax7 cr2 cr6 cr
Net profit (owners' share)25 cr20 cr18 cr
Net margin (owners' share, on revenue)39.8%34.2%36.0%
EPS (₹)2.762.182.03
YoY (latest quarter): total income -17.5% · net profit -8.2%
Balance sheet & cash flow · as of Sep 2022
Moderate debt
Total assets
₹1,949 cr
Shareholder equity
₹974 cr
parent shareholders
Total debt
₹497 cr
Cash
₹81 cr
Cash flow · H1 FY23
Operating
₹-118 cr
Investing
₹-1.2 L
Financing
₹-11 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 Limited₹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 Limitedthis company₹139₹1,257 cr17.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.43%
trailing 12 months
Dividend / share (TTM)
₹0.6
Last dividend
₹0.6
ex 14 Aug 2026
ActionDetailEx-date
Dividend₹0.6 / share14 Aug 2026
Stock splitStock Split From Rs.10/- to Rs.2/-19 Sep 2025
Dividend₹3 / share14 Aug 2025
Dividend₹2.5 / share7 Aug 2024
Dividend₹2.4 / share11 Aug 2023
Dividend₹1.2 / share9 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
3.9%
FII / Foreign
5.5%
DII / Domestic
0.0%
Retail / others
90.7%
Promoter stake down 13.8% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAditya Kumar Halwasiya · Director12.00 L · ₹43.5 cr5 Sep 25
BoughtAditya Kumar Halwasiya · Director3.60 L · ₹12.2 cr3 Sep 25
BoughtAditya Kumar Halwasiya · Director3.25 L · ₹9.9 cr29 Aug 25
Bulk / block deals
short · NSE127 Aug 26
short · NSE85126 Aug 26
short · NSE10120 Aug 26
Stake changes
BoughtAditya Kumar Halwasiya→ 21.16% · 20.35 L5 Sep 25
BoughtAditya Kumar Halwasiya→ 18.96% · 25.32 L7 Aug 25
BoughtAditya Kumar Halwasiya→ 16.23% · 5.00 L6 Nov 24
Promoter pledges
InvokedBeacon Trusteeship Ltd Trustee Lender India Special Situation Scheme60,000 · 0.08% held3 Jul 20
InvokedBeacon Trusteeship Ltd Trustee Lender India Special Situation Scheme62.50 L · 7.82% held19 Jun 20
InvokedBeacon Trusteeship Ltd Trustee Lender India Special Situation Scheme15.72 L · 9.77% held18 Jun 20
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 · 21 Aug 2026
See the official result
1
To consider and adopt the audited Financial Statements of the Company for the year ended March 31, 2026 and the report of the Board of Directors’ and Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
12.50 cr votes for, 1,020 against · 0% of mutual funds and other big investors said no
2
To consider and declare Dividend on Equity Shares for financial year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
12.50 cr votes for, 1,520 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Aditya Kumar Halwasiya (DIN: 08200117), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
12.50 cr votes for, 3,776 against · 0% of mutual funds and other big investors said no
4
Issue of Non-Convertible Bonds/Debentures/other instruments.
Backed by 100% of shareholders other than promotersneeded 75%
12.50 cr votes for, 4,070 against · 0% 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.

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