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Tourism Finance Corporation of India

TFCILTD NSE
₹160.89 −1.00 (−0.62%)
P/E
48.32
View as Markdown
MCP
Close 4 Nov 2026 ₹160.89 +92.98 +137% 1Y
Start ₹67.91

Key Fundamentals

MicrocapFinanceFinancial Services

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

Debt to Equity
0.82
EPS (TTM)
₹3.33
Book Value
₹28.41
Market Cap
—
P/E (TTM)
48.32
P/B
5.66
ROE
9.75%
Dividend Yield
0.37%
52W High
₹162.00
52W Low
₹51.00
Day Range
₹151.21 – ₹161.89
Volume
3,03,91,170
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

Tourism Finance Corporation of India 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
₹59.4292.84₹15,778 Cr1.790.00%1.97%—₹1,988 Cr₹432 Cr
Tourism Finance Corporation of India (this company)
₹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

50 Average

Data confidence 94/100

surveillance:ASM1

Category scores

Quality
39
Weak
Returns, margins, earnings quality 22% weight
Valuation
23
Poor
Cheap vs sector & own history 24% weight
Growth
53
Average
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
99
Strong
Trend strength, vol-adjusted 12% weight
Ownership
73
Strong
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

Strengths

1
  • Company has been maintaining a healthy dividend payout of 24.7%

Weaknesses

5
  • Stock is trading at 5.31 times its book value
  • The company has delivered a poor sales growth of 1.37% over past five years.
  • Promoter holding is low: 3.85%
  • Company has a low return on equity of 8.93% over last 3 years.
  • Promoter holding has decreased over last 3 years: -14.1%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2413
OscillatorsBullish243
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
63.81
Neutral
MACD (12,26,9)
4.67
Bullish
SMA (50)
146.29
Bullish
SMA (200)
94.93
Bullish

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+4.12%
5Y+1.43%
3Y+6.24%
1Y+9.92%
TTM+14.57%

Net profit

Net profit growth by window
10Y+8.58%
5Y+8.71%
3Y+11.81%
1Y+18.27%
TTM+40.00%

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₹208 Cr
Mar 2018₹224 Cr
Mar 2019₹230 Cr
Mar 2020₹266 Cr
Mar 2021₹258 Cr
Mar 2022₹254 Cr
Mar 2023₹231 Cr
Mar 2024₹242 Cr
Mar 2025₹252 Cr
Mar 2026₹277 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹70.00 Cr
Mar 2018₹77.00 Cr
Mar 2019₹86.00 Cr
Mar 2020₹81.00 Cr
Mar 2021₹81.00 Cr
Mar 2022₹85.00 Cr
Mar 2023₹88.00 Cr
Mar 2024₹91.00 Cr
Mar 2025₹104 Cr
Mar 2026₹123 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Tourism Finance Corporation of India Ltd (TFCILTD) is a financial services company with a market cap of ₹4,732 crore, trading at a P/E of 30.4x and P/B of 3.56x. The stock has delivered a 72% return over the past year with TTM profit growth of 41%, but carries concerns around low promoter holding at 3.85% and weak 5-year sales CAGR of just 1.15%.

Bull Case 7
  • TTM profit growth of 41% indicates strong recent earnings momentum, significantly above the 10-year compounded profit CAGR of 9%
  • Stock has delivered 72% returns over 1 year and 80% CAGR over 3 years, reflecting sustained market re-rating
  • TTM sales growth of 15% marks a notable acceleration versus the 5-year compounded sales growth of just 1%
  • Consistent dividend payout of 24.7% with a current dividend yield of 0.59%, demonstrating shareholder return discipline
  • ROE has improved to 10% in the last year from a 3-year average of 9%, showing gradual profitability improvement
  • 10-year stock CAGR of 28% demonstrates long-term wealth creation track record
  • India's tourism sector is a structural growth story with government initiatives like Swadesh Darshan and PRASHAD schemes supporting demand for tourism financing
Bear Case 8
  • Promoter holding is extremely low at 3.85%, raising governance and alignment concerns for a financial services company
  • Promoter holding has declined by 14.1% over the last 3 years, signaling lack of promoter commitment
  • 5-year compounded sales growth of just 1.15% indicates the company struggled to grow its loan book over an extended period
  • P/B ratio of 3.56x is elevated for a company generating only 9-10% ROE, implying the stock prices in significant future improvement
  • P/E of 30.4x is rich for a financial services company with 10-year compounded profit growth of only 9%
  • 3-year ROE average of just 9% is below the cost of equity for most financial services firms, suggesting limited value creation
  • 3-year compounded sales CAGR of 6% remains modest, indicating the recent TTM acceleration to 15% is yet to prove its sustainability
  • Niche lending focus on tourism sector creates concentration risk with limited diversification across borrower segments

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

AI News Digest

94d ago

TL;DR: TFCI is delivering strong earnings momentum with Q1 profit doubling and nil Net NPAs, reflecting healthy asset quality and margin expansion. The company is positioning for growth via a ₹1,200 crore NCD fundraise. No visible headwinds currently. The trend is clearly improving with clean books and accelerating profitability.

Positives 2
  • Q1 PAT doubles to ₹61.21 Cr Jul 23

    TFCI's Q1FY27 net profit doubled to ₹61.21 crore with total income growing 75% to ₹115.15 crore. Net NPA remains nil, indicating robust asset quality.

  • ₹1,200 Cr NCD issuance approved Jul 29

    Shareholders to vote on ₹1,200 crore NCD issuance limit at the 37th AGM on August 21, 2026, signaling capital-raising plans to fund growth.

Neutral 2
  • Dividend record date Aug 14 Jul 29

    TFCI sets August 14, 2026 as record date for FY2025-26 dividend. The 37th AGM is scheduled for August 21, 2026.

  • MD term extended until 2028 Jul 29

    AGM agenda includes Anoop Bali's MD appointment extension until 2028 and amendments to Articles of Association.

Quarterly Results

₹ Cr
TFCILTD quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
59
57.8
67.27
58
62
65
57
68
64
66
70
74
81
Expenses
7
8
5
7
6
6
10
9
6
6
6
9
11
Financing Profit
30
24
36
25
32
32
21
35
36
37
40
41
44
Fin. Margin %
50%
42%
54%
43%
52%
50%
36%
52%
57%
55%
57%
55%
55%
Other Income
0
0
0
0
0
0
7
1
2
0
1
0
34
Interest
23
26
26
26
24
26
26
24
22
23
24
24
26
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
29
24
36
25
32
32
28
36
38
37
40
41
78
Tax %
17%
21%
24%
17%
20%
21%
18%
17%
20%
21%
21%
21%
22%
Net Profit
24
19
28
20
25
26
23
30
31
29
32
32
61
EPS (₹)
0.54
0.41
0.61
0.45
0.55
0.55
0.49
0.65
0.66
0.63
0.69
0.69
1.32
Gross NPA %
5.35%
3.76%
2.17%
2.75%
2.81%
2.82%
5.61%
3.22%
0.24%
0.22%
0.38%
0.37%
0.41%
Net NPA %
4.16%
2.82%
1.38%
1.51%
1.54%
1.55%
3.92%
1.61%
—
—
—
—
—

Profit & Loss

₹ Cr
TFCILTD profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
186
185
208
224
230
266
258
254
231
242
252
277
291
Expenses
20
19
43
20
18
47
27
25
30
27
31
27
32
Financing Profit
81
75
74
107
108
98
101
109
111
115
121
156
161
Fin. Margin %
43%
41%
35%
48%
47%
37%
39%
43%
48%
47%
48%
56%
55%
Other Income
2
1
24
0
6
0
0
0
0
0
8
0
35
Interest
85
90
91
96
104
121
130
120
91
100
100
93
98
Depreciation
1
1
1
1
0
1
1
1
2
1
1
1
1
PBT
82
76
97
107
114
97
100
108
109
114
128
156
196
Tax %
26%
29%
27%
28%
24%
17%
19%
21%
20%
20%
19%
21%
—
Net Profit
60
54
70
77
86
81
81
85
88
91
104
123
154
EPS (₹)
1.49
1.33
1.75
1.92
2.14
2.01
2
1.89
1.95
2.02
2.24
2.67
3.33
Div. Payout %
24%
27%
23%
21%
21%
0%
8%
13%
25%
25%
27%
22%
—

Balance Sheet

₹ Cr
TFCILTD balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
81
81
81
81
81
81
81
90
90
90
93
93
Reserves
398
433
474
597
656
673
711
847
927
999
1,124
1,223
Borrowing
956
996
1,050
1,304
1,324
1,447
1,360
1,272
999
978
862
1,078
Other Liabilities
65
80
96
35
30
43
34
35
29
39
23
19
Total Liabilities
1,501
1,590
1,700
2,017
2,091
2,244
2,185
2,245
2,045
2,106
2,102
2,412
Fixed Assets
30
29
20
15
14
18
16
17
15
15
14
13
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
190
255
248
301
318
219
159
165
338
461
259
249
Other Assets
1,281
1,307
1,432
1,701
1,758
2,008
2,010
2,062
1,692
1,630
1,830
2,150
Total Assets
1,501
1,590
1,700
2,017
2,091
2,244
2,185
2,245
2,045
2,106
2,102
2,412

Cash Flow

₹ Cr
TFCILTD cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
22
−7
135
−54
161
−171
139
−137
−7
55
−46
Investing
0
0
31
0
0
−1
0
−2
0
0
12
0
Financing
−21
−19
−19
−20
−20
−22
−1
57
−12
−22
26
−28
Net Cash Flow
−6
3
6
115
−74
139
−172
193
−149
−29
94
−74
Free Cash Flow
15
22
24
135
−54
161
−171
137
−137
−7
68
−46

Ratios

TFCILTD financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
13%
11%
10%
13%
12%
11%
10%
10%
9%
9%
8%
10%

Insights

Beta

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

Log in to view Tourism Finance Corporation of India insights

61 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Others 43.55%
  • Public 42.84%
  • FIIs 9.46%
  • Promoters 3.85%
  • DIIs 0.31%

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

  • Q1 FY27 concall · Jul 2026
    PPT
  • Concall · May 2026
    PPT
  • Concall · Jan 2026
    PPT
  • Concall · Nov 2025
    PPT
  • Q1 FY26 concall · Aug 2025
    PPT

Frequently Asked Questions about Tourism Finance Corporation of India

What does Tourism Finance Corporation of India Ltd do?
Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc.
Where is Tourism Finance Corporation of India Ltd (TFCILTD) listed?
Tourism Finance Corporation of India Ltd trades as TFCILTD on the NSE and under code 526650 on the BSE.
Which sector does Tourism Finance Corporation of India Ltd belong to?
Tourism Finance Corporation of India Ltd is classified under the Financial Services sector, in the Financial Institution industry.
What is the PE ratio of Tourism Finance Corporation of India Ltd?
Tourism Finance Corporation of India Ltd trades at a PE ratio of 48.32 as of 4 Nov 2026, on earnings per share of ₹3.33, against a book value of ₹28.41 per share.
What is the 52-week high and low of Tourism Finance Corporation of India Ltd?
Over the last 52 weeks Tourism Finance Corporation of India Ltd has traded between ₹51 and ₹162 as of 4 Nov 2026.
Does Tourism Finance Corporation of India Ltd pay dividends?
Tourism Finance Corporation of India Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Tourism Finance Corporation of India Ltd?
Tourism Finance Corporation of India Ltd reported a return on equity of 9.75%. Its debt-to-equity ratio is 0.82.

Company Information

Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc.

Website tfciltd.com
CEO Mr. Anoop Bali
Employees 40
Listed 26 Jul 2000
Face Value ₹2

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