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IFCI

IFCI NSE
₹59.42 +1.88 (+3.27%)
P/E
92.84
View as Markdown
MCP
Close 4 Nov 2026 ₹59.42 +5.26 +9.71% 1Y
Start ₹54.16

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
0.39
EPS (TTM)
₹0.64
Book Value
₹33.20
Market Cap
—
P/E (TTM)
92.84
P/B
1.79
ROE
1.97%
Dividend Yield
0.00%
52W High
₹107.50
52W Low
₹46.23
Day Range
₹56.19 – ₹59.73
Volume
1,92,83,016
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Financial Institution

IFCI peer comparison
Power Finance Corporation
₹322.504.09₹1,05,884 Cr0.741.23%20.70%—₹1,15,431 Cr₹33,642 Cr
IRFC
₹77.8413.80₹1,00,876 Cr1.681.52%12.80%—₹30,125 Cr₹7,371 Cr
REC
₹287.004.71₹75,534 Cr0.792.72%20.10%—₹59,202 Cr₹16,035 Cr
HUDCO
₹153.067.20₹29,482 Cr1.490.86%20.00%—₹13,930 Cr₹4,255 Cr
IREDA
₹106.0015.14₹29,202 Cr2.081.32%15.60%—₹8,897 Cr₹1,970 Cr
IFCI (this company)
₹59.4292.84₹15,778 Cr1.790.00%1.97%—₹1,988 Cr₹432 Cr
Tourism Finance Corporation of India
₹160.8948.32₹7,170 Cr5.660.37%9.75%—₹291 Cr₹154 Cr
Median 7 companies₹153.0613.80₹29,482 Cr1.681.23%15.60%—₹13,930 Cr₹4,255 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

39 Weak

Data confidence 94/100

Category scores

Quality
41
Weak
Returns, margins, earnings quality 22% weight
Valuation
33
Poor
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
45
Weak
Solvency, leverage, coverage 9% weight
Momentum
18
Poor
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -0.05% over past five years.
  • Company has a low return on equity of 2.29% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsNeutral252
Moving AveragesStrong Bearish901

Key readings

RSI (14)
38.64
Neutral
MACD (12,26,9)
−4.29
Bullish
SMA (50)
73.94
Bearish
SMA (200)
67.80
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−7.37%
5Y−0.05%
3Y+6.93%
1Y+2.77%
TTM+4.80%

Net profit

Net profit growth by window
10Y+0.99%
5YTurned to profit
3YTurned to profit
1Y+24.64%
TTM−13.25%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,582 Cr
Mar 2018₹4,322 Cr
Mar 2019₹2,821 Cr
Mar 2020₹2,880 Cr
Mar 2021₹2,082 Cr
Mar 2022₹1,556 Cr
Mar 2023₹1,699 Cr
Mar 2024₹1,988 Cr
Mar 2025₹2,021 Cr
Mar 2026₹2,077 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹308 Cr
Mar 2018₹418 Cr
Mar 2019−₹476 Cr
Mar 2020−₹223 Cr
Mar 2021−₹1,912 Cr
Mar 2022−₹1,761 Cr
Mar 2023−₹120 Cr
Mar 2024₹241 Cr
Mar 2025₹349 Cr
Mar 2026₹435 Cr

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

IFCI Ltd trades at ₹57.76 with a market cap of ₹15,252.51 crore as of 2026-11-02, sitting 46.3% below its 52-week high of ₹107.50. The stock carries a P/E of 90.25x on an EPS of ₹0.64, reflecting weak near-term profitability despite a 3-year stock CAGR of 40%. Revenue growth has been essentially flat over five years while return on equity stands at a modest 2.8%.

Bull Case 6
  • Strong 3-year stock price CAGR of 40% and 5-year CAGR of 38%, indicating sustained investor interest over medium-term horizons
  • 3-year compounded profit growth of 41% shows a meaningful turnaround in earnings trajectory after a prolonged period of losses
  • TTM revenue growth of 5% signals a nascent recovery in the top line after five years of near-zero sales growth
  • Price-to-book ratio of 1.74x is relatively modest for a financial services company, suggesting the stock is not excessively priced relative to its book value
  • 5-year compounded profit growth of 16% demonstrates the company has transitioned from a loss-making phase toward sustained profitability
  • 10-year stock price CAGR of 9% shows the company has delivered positive long-term returns to shareholders despite operational challenges
Bear Case 8
  • P/E of 90.25x on a TTM EPS of just ₹0.64 indicates extremely stretched valuations relative to current earnings power
  • TTM profit has declined by 44%, sharply reversing the 3-year profit growth trend and raising questions about earnings sustainability
  • Return on equity of 2.8% is very low for a financial services firm, and the 3-year average ROE of just 2.29% reflects poor capital efficiency
  • Five-year compounded sales growth of approximately 0% indicates the company has failed to grow its revenue base over a meaningful period
  • 10-year compounded profit decline of -6% and sales decline of -7% reveal a prolonged structural erosion in the business over the longer term
  • Despite reporting repeated profits, the company pays no dividend (yield of 0%), offering no income return to shareholders
  • The stock has fallen 46.3% from its 52-week high of ₹107.50 to ₹57.76, reflecting significant negative sentiment or deteriorating fundamentals
  • 10-year average ROE of -8% indicates the company destroyed shareholder value over the longer cycle, with the recent turnaround still unproven at scale

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: IFCI delivered solid FY26 numbers with 18% profit growth and improving (though still negative) net interest margins, fueling a sharp near-term rally with 14% gains over three sessions. However, technical indicators point to a fresh short-term downtrend with resistance at ₹74–₹80, and the stock's P/E of 110 leaves it richly valued. The government's majority stake provides institutional backing but core lending profitability remains a work in progress. Sustaining levels above ₹80 would be key to reversing the bearish technical setup.

Headwinds 2
  • Short-term downtrend signaled Oct 12

    Stock has broken its higher low pattern with a negative EMA crossover, creating a fresh resistance zone of ₹74–₹80. Every bounce toward resistance is seen as an exit opportunity unless the stock sustains above ₹80.

  • Negative net interest margin Oct 12

    Net interest margin remains negative at -4.94% in FY26, though improved from -9.49% in FY25, reflecting continued pressure on core lending economics.

Positives 4
  • Strong FY26 profit growth Oct 12

    Profit for FY26 jumped 18% YoY to ₹51.71 crore while total revenue from operations rose 7% YoY to ₹897.71 crore.

  • Shares surge 7% to ₹71.70 Oct 12

    Stock surged over 7% on Oct 12 to ₹71.70, building on a nearly 14% gain over three consecutive sessions with volume at 15x the 10-day average.

  • Significant recovery from lows Oct 12

    Stock has recovered sharply from its 52-week low of ₹46.20 on Dec 9, having reached a 52-week high of ₹107.50 on Sep 4.

Neutral 2
  • Government holds 61% stake Oct 12

    The Government of India holds a 61.02% stake in IFCI's paid-up capital, and the company remains classified as a systemically important NBFC-ND-SI registered with the RBI.

  • Market cap at ₹19,197 crore Oct 12

    IFCI's market capitalization stands at ₹19,197 crore as of Oct 12, 2026.

Quarterly Results

₹ Cr
IFCI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
320
607
454
605
388
617
459
414
407
735
456
470
327
Expenses
290
−74
230
269
210
353
211
−80
215
243
326
314
138
Financing Profit
−114
535
78
201
43
130
117
359
88
385
27
54
85
Fin. Margin %
−36%
88%
17%
33%
11%
21%
25%
87%
22%
52%
6%
11%
26%
Other Income
4.51
5
15.44
107
17
167
−2
2.3
36
17
6
−4
31
Interest
144
145
146
136
135
135
131
134
104
107
103
102
104
Depreciation
18
21
21
21
20
22
21
21
21
21
21
23
20
PBT
−128
520
71
287
40
275
94
340
103
381
13
27
96
Tax %
1%
66%
45%
45%
318%
33%
109%
23%
39%
17%
−66%
−24%
37%
Net Profit
−129
174
39
157
−88
185
−9
260
62
317
21
34
60
EPS (₹)
−0.64
0.44
0.08
0.61
−0.41
0.32
−0.12
0.84
0.15
0.53
−0.06
0.05
0.12

Profit & Loss

₹ Cr
IFCI profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
3,864
4,465
3,582
4,322
2,821
2,880
2,082
1,556
1,699
1,988
2,021
2,077
1,988
Expenses
1,010
1,509
1,850
1,714
1,962
1,463
2,961
2,108
986
715
694
1,097
1,021
Financing Profit
681
357
−647
463
−944
−34
−2,026
−1,496
72
702
793
564
551
Fin. Margin %
18%
8%
−18%
11%
−33%
−1%
−97%
−96%
4%
35%
39%
27%
28%
Other Income
82
168
99
38
311
21
14
39
28
130
40
46
50
Interest
2,173
2,599
2,380
2,144
1,803
1,451
1,147
943
642
571
535
416
416
Depreciation
−11
24
61
63
63
81
72
66
74
81
83
86
85
PBT
775
501
−609
439
−696
−94
−2,085
−1,523
26
751
749
524
517
Tax %
28%
24%
−47%
5%
−32%
137%
−8%
16%
559%
68%
53%
17%
—
Net Profit
575
394
−308
418
−476
−223
−1,912
−1,761
−120
241
349
435
433
EPS (₹)
3.23
2.18
−2.27
2.26
−2.88
−1.36
−10.24
−8.71
−0.95
0.47
0.63
0.67
0.64
Div. Payout %
46%
46%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
IFCI balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
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
5,561
5,639
5,208
4,193
3,661
3,553
1,842
715
1,571
2,045
5,996
6,250
Borrowing
26,767
28,598
23,919
20,665
16,394
12,566
11,041
7,095
6,020
5,367
3,714
3,523
Other Liabilities
2,980
3,247
3,493
4,244
4,291
4,623
5,585
5,574
7,152
9,016
13,319
14,103
Total Liabilities
36,970
39,146
34,282
30,798
26,042
22,439
20,364
15,487
16,939
18,918
25,724
26,570
Fixed Assets
1,935
1,860
1,823
1,721
1,701
1,720
1,762
1,741
1,764
1,734
1,700
1,486
CWIP
4
6
3
2
1
4
9
16
11
13
23
0
Investments
6,330
6,860
5,150
7,363
5,580
3,963
5,504
6,541
7,700
8,678
15,323
15,081
Other Assets
28,700
30,420
27,306
21,712
18,760
16,752
13,089
7,190
7,464
8,493
8,678
10,004
Total Assets
36,970
39,146
34,282
30,798
26,042
22,439
20,364
15,487
16,939
18,918
25,724
26,570

Cash Flow

₹ Cr
IFCI cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
263
−5
802
−972
444
635
−438
−257
−336
12
−984
280
Investing
7
77
−8
195
−23
−33
−103
−30
−59
−155
−70
25
Financing
−409
−316
−29
43
−234
196
193
73
465
404
415
−149
Net Cash Flow
−138
−245
765
−734
186
798
−348
−213
70
261
−638
156
Free Cash Flow
270
71
794
−1,003
405
603
−545
−288
−383
−24
−1,011
313

Ratios

IFCI financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
7%
4%
−6%
6%
−12%
−4%
−43%
−56%
−6%
2%
3%
2%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view IFCI insights

58 extracted metrics across FY05–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 72.57%
  • Public 17.76%
  • FIIs 3.43%
  • Others 2.50%
  • Government 2.08%
  • DIIs 1.66%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about IFCI

What does IFCI Ltd do?
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.
Where is IFCI Ltd (IFCI) listed?
IFCI Ltd trades as IFCI on the NSE and under code 500106 on the BSE.
Which sector does IFCI Ltd belong to?
IFCI Ltd is classified under the Financial Services sector, in the Financial Institution industry.
What is the PE ratio of IFCI Ltd?
IFCI Ltd trades at a PE ratio of 92.84 as of 4 Nov 2026, on earnings per share of ₹0.64, against a book value of ₹33.2 per share.
What is the 52-week high and low of IFCI Ltd?
Over the last 52 weeks IFCI Ltd has traded between ₹46.23 and ₹107.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of IFCI Ltd?
IFCI Ltd reported a return on equity of 1.97%. Its debt-to-equity ratio is 0.39.

Company Information

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.

Website ifciltd.com
CEO Mr. Rahul Bhave
Employees 117
Listed 26 Apr 1995
Face Value ₹10

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