Tourism Finance Corporation of India logo

Tourism Finance Corporation of India

TFCILTD NSE

Key Fundamentals

MicrocapFinancial InstitutionFinancial Services
Market Cap
₹6,621 Cr
Volatility
High Risk
P/E Ratio
42.49
EBITDA
₹229 Cr
Return on Equity
9.11%
Debt to Equity
1.52
Book Value
₹28.41
EPS
₹9.23
52W High
₹147.65
52W Low
₹51

Tapetide Score

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

Key Insights

Strengths

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

Weaknesses

5
  • Stock is trading at 4.98 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%

Growth Rate

Revenue Growth
-1.62% lower than 3Y
Net Income Growth
5.7% lower than 3Y
Cash Flow Change
181% higher than 3Y
ROE
-10.69% lower than 3Y
ROCE
-3.46% lower than 3Y
EBITDA Margin (Avg.)
0.92% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
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

Anthropic anthropic claude-opus-4.6 42d ago
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.

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.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
59
58
67
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 in Rs
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%
—
—
—
—
—
Figures in ₹ Crores

Profit & Loss

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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
CFO/OP
21
26
9
80
-15
81
-65
70
-59
8
35
-7
Figures in ₹ Crores

Ratios

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

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41 extracted metrics + investor summaries across FY15–FY27.

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Shareholding Pattern

Promot.3.85%Others52.03%FIIs5.46%Public38.66%As ofJun 2026

Documents

1
Concall - May 2026 May 2026
2
Concall - May 2026 May 2026
3
Concall - Nov 2025 Nov 2025
4
Concall - Aug 2025 Aug 2025
5
Concall - May 2025 May 2025

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. [1]
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 Finance industry.
What is the market capitalisation of Tourism Finance Corporation of India Ltd?
Tourism Finance Corporation of India Ltd has a market capitalisation of ₹6,621 Cr, which places it in the Mid Cap band.
What is the PE ratio of Tourism Finance Corporation of India Ltd?
Tourism Finance Corporation of India Ltd trades at a PE ratio of 42.49, on earnings per share of ₹9.23, 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 ₹147.65.
Does Tourism Finance Corporation of India Ltd pay dividends?
Tourism Finance Corporation of India Ltd has a dividend yield of 0.42%.
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 9.11%. Its debt-to-equity ratio is 1.52.

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. [1]

Website tfciltd.com
CEO Mr. Anoop Bali
Employees 40
Listed 2000-07-26
Face Value ₹ 2
Issued Size 46,29,77,240

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