IFCI Ltd
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. [1]
- Market Cap ₹ 13,472 Cr.
- Current Price ₹ 50.0
- High / Low ₹ 74.5 / 35.7
- Stock P/E 56.8
- Book Value ₹ 6.53
- Dividend Yield 0.00 %
- ROCE 14.9 %
- ROE 2.97 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 7.66 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -21.2% over past five years.
- Company has a low return on equity of -3.94% over last 3 years.
- Debtor days have increased from 36.4 to 45.6 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Financial Institution
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Smallcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,912 | 3,269 | 3,839 | 2,774 | 3,712 | 2,340 | 2,252 | 1,393 | 760 | 747 | 841 | 682 | 729 | |
| 614 | 535 | 1,032 | 1,330 | 1,132 | 1,369 | 958 | 2,396 | 1,603 | 285 | -185 | -92 | -162 | |
| Operating Profit | 2,298 | 2,734 | 2,807 | 1,444 | 2,580 | 972 | 1,294 | -1,003 | -843 | 462 | 1,026 | 774 | 891 |
| OPM % | 79% | 84% | 73% | 52% | 70% | 42% | 57% | -72% | -111% | 62% | 122% | 113% | 122% |
| 41 | 77 | 168 | 100 | 28 | 126 | 12 | 4 | 4 | 7 | 55 | 160 | 48 | |
| Interest | 1,666 | 2,102 | 2,517 | 2,289 | 2,074 | 1,756 | 1,416 | 1,119 | 923 | 631 | 573 | 537 | 476 |
| Depreciation | 13 | -10 | 14 | 34 | 34 | 33 | 31 | 29 | 23 | 24 | 24 | 24 | 24 |
| Profit before tax | 660 | 718 | 443 | -779 | 500 | -691 | -141 | -2,147 | -1,785 | -186 | 484 | 372 | 439 |
| Tax % | 23% | 27% | 24% | -41% | 6% | -36% | 97% | -9% | 12% | 55% | 73% | 88% | |
| 508 | 522 | 337 | -458 | 468 | -444 | -278 | -1,958 | -1,991 | -288 | 128 | 44 | 237 | |
| EPS in Rs | 3.06 | 3.14 | 2.03 | -2.76 | 2.76 | -2.62 | -1.64 | -10.33 | -9.47 | -1.31 | 0.58 | 0.16 | 0.87 |
| Dividend Payout % | 33% | 48% | 49% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -15% |
| 5 Years: | -21% |
| 3 Years: | -4% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -22% |
| 5 Years: | 17% |
| 3 Years: | 26% |
| TTM: | 565% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 37% |
| 3 Years: | 54% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | -13% |
| 5 Years: | -54% |
| 3 Years: | -4% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,661 | 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 | 5,056 | 5,220 | 5,277 | 4,804 | 3,022 | 2,529 | 2,412 | 476 | -1,658 | -1,570 | -1,275 | -959 | -936 |
| 21,033 | 26,097 | 27,747 | 23,163 | 20,138 | 16,094 | 12,323 | 10,870 | 7,012 | 5,808 | 5,451 | 3,778 | 3,572 | |
| 1,240 | 1,989 | 2,215 | 2,045 | 2,148 | 1,936 | 1,998 | 2,058 | 1,613 | 2,496 | 3,343 | 3,872 | 1,811 | |
| Total Liabilities | 28,989 | 34,968 | 36,900 | 31,674 | 27,005 | 22,256 | 18,429 | 15,300 | 9,070 | 8,930 | 10,008 | 9,386 | 7,142 |
| 1,142 | 1,121 | 1,037 | 995 | 931 | 920 | 878 | 928 | 906 | 902 | 879 | 856 | 797 | |
| CWIP | 6 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7,514 | 7,590 | 8,188 | 6,394 | 6,686 | 4,829 | 3,235 | 4,294 | 2,944 | 2,277 | 2,909 | 2,426 | 2,391 |
| 20,329 | 26,256 | 27,674 | 24,285 | 19,387 | 16,507 | 14,316 | 10,078 | 5,220 | 5,752 | 6,219 | 6,104 | 3,954 | |
| Total Assets | 28,989 | 34,968 | 36,900 | 31,674 | 27,005 | 22,256 | 18,429 | 15,300 | 9,070 | 8,930 | 10,008 | 9,386 | 7,142 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 265 | -64 | 385 | -510 | 430 | 487 | -623 | -521 | -483 | 32 | -1,175 | |
| -7 | 28 | 95 | 20 | 92 | -2 | -48 | -78 | 0 | -19 | -0 | 78 | |
| -194 | -399 | -305 | 1 | 61 | -225 | 200 | 200 | 100 | 500 | 500 | 500 | |
| Net Cash Flow | -70 | -106 | -274 | 405 | -357 | 203 | 638 | -500 | -421 | -2 | 532 | -596 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 6 | 4 | 4 | 1 | 3 | 13 | 15 | 15 | 19 | 45 | 46 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 4 | 6 | 4 | 4 | 1 | 3 | 13 | 15 | 15 | 19 | 45 | 46 |
| Working Capital Days | -274 | -193 | -250 | -119 | -184 | -247 | -248 | -446 | -667 | -1,116 | -1,315 | -1,930 |
| ROCE % | 9% | 9% | 8% | 5% | 9% | 5% | 7% | -7% | -8% | 6% | 16% | 15% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9h - Registrar’s Regulation 74(5) certificate confirming dematerialization for quarter ended December 31, 2025.
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Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated
Financial Results Of The Company For The Quarter Ended December 31, 2025
15h - Board meeting Jan 29, 2026 to approve results for quarter ended Dec 31, 2025; trading window closed till Jan 31, 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Income-tax rectification order (Jan 6, 2026) raises Rs.13.64 Crore demand; company files stay, has MAT credit.
- Closure of Trading Window 31 Dec
-
Notice To Shareholders - Special Window For Re-Lodgment Of Transfer Requests Of Physical Shares
30 Dec - IFCI opens SEBI special window six-months from July 7, 2025 for re-lodgement of physical share transfer requests; demat issuance.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Business Overview
IFCI Limited is a NBFC established in 1948, providing financial support for various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. [1]