IFCI Ltd

IFCI Ltd

₹ 39.6 -1.86%
28 Mar - close price
About

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]

Key Points

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]

  • Market Cap 9,837 Cr.
  • Current Price 39.6
  • High / Low 71.8 / 9.65
  • Stock P/E
  • Book Value 2.18
  • Dividend Yield 0.00 %
  • ROCE 6.42 %
  • ROE -53.7 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 18.2 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -32.0% over past five years.
  • Company has a low return on equity of -81.7% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
400 -157 225 105 191 236 115 124 154 142 77 166 215
1,002 240 870 521 198 14 207 -191 -101 161 101 -283 41
Operating Profit -602 -397 -645 -415 -8 223 -92 315 255 -19 -25 449 174
OPM % -150% -287% -394% -4% 94% -80% 254% 166% -14% -32% 270% 81%
1 10 1 1 1 4 1 3 3 5 1 1 1
Interest 276 267 254 243 227 198 166 159 156 150 140 143 144
Depreciation 7 8 7 6 4 6 6 6 6 6 6 6 6
Profit before tax -884 -662 -906 -663 -238 22 -263 152 96 -171 -170 301 25
Tax % 16% -28% 21% 21% -169% 587% 12% 28% 30% -36% 5% 72% 141%
-740 -849 -718 -526 -640 -107 -232 110 67 -232 -161 84 -10
EPS in Rs -3.90 -4.48 -3.52 -2.58 -3.14 -0.51 -1.10 0.52 0.31 -1.06 -0.65 0.34 -0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,813 2,727 2,912 3,269 3,839 2,774 3,712 2,340 2,252 1,393 760 538 599
10 270 614 535 1,032 1,330 1,132 1,369 958 2,396 1,603 75 21
Operating Profit 2,804 2,457 2,298 2,734 2,807 1,444 2,580 972 1,294 -1,003 -843 462 578
OPM % 100% 90% 79% 84% 73% 52% 70% 42% 57% -72% -111% 86% 97%
37 32 41 77 168 100 28 126 12 4 4 7 7
Interest 1,871 1,815 1,666 2,102 2,517 2,289 2,074 1,756 1,416 1,119 923 631 577
Depreciation 12 10 13 -10 14 34 34 33 31 29 23 24 24
Profit before tax 958 664 660 718 443 -779 500 -691 -141 -2,147 -1,785 -186 -15
Tax % 31% 32% 23% 27% 24% 41% 6% 36% -97% 9% -12% -55%
664 451 508 522 337 -458 468 -444 -278 -1,958 -1,991 -288 -320
EPS in Rs 8.99 2.71 3.06 3.14 2.03 -2.76 2.76 -2.62 -1.64 -10.33 -9.47 -1.31 -1.41
Dividend Payout % 11% 37% 33% 48% 49% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -15%
5 Years: -32%
3 Years: -38%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: -97%
Stock Price CAGR
10 Years: 4%
5 Years: 24%
3 Years: 46%
1 Year: 320%
Return on Equity
10 Years: -8%
5 Years: -36%
3 Years: -82%
Last Year: -54%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 738 1,661 1,661 1,662 1,662 1,662 1,696 1,696 1,696 1,896 2,103 2,196 2,490
Reserves 4,534 4,766 5,056 5,220 5,277 4,804 3,022 2,529 2,412 476 -1,658 -1,570 -1,948
Preference Capital 264 264 264 264 264 264 0 0 0 0 0 0
21,336 17,915 20,769 25,833 27,483 22,899 20,138 16,094 12,323 10,870 7,012 5,808 5,714
1,576 1,539 1,504 2,253 2,478 2,309 2,148 1,936 1,998 2,058 1,613 2,496 1,826
Total Liabilities 28,184 25,881 28,989 34,968 36,900 31,674 27,005 22,256 18,429 15,300 9,070 8,930 8,081
1,151 1,153 1,142 1,121 1,037 995 931 920 878 928 906 902 890
CWIP 15 19 6 0 0 1 0 0 0 0 0 0 0
Investments 7,835 8,641 7,514 7,590 8,188 6,394 6,686 4,829 3,235 4,294 2,944 2,277 2,720
19,183 16,067 20,329 26,256 27,674 24,285 19,387 16,507 14,316 10,078 5,220 5,752 4,471
Total Assets 28,184 25,881 28,989 34,968 36,900 31,674 27,005 22,256 18,429 15,300 9,070 8,930 8,081

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-33 -583 131 265 -64 385 -510 430 487 -623 -521 -483
-11 -48 -7 28 95 20 92 -2 -48 -78 0 -19
-85 838 -194 -399 -305 1 61 -225 200 200 100 500
Net Cash Flow -129 207 -70 -106 -274 405 -357 203 638 -500 -421 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 2 4 6 4 4 1 3 13 15 15 26
Inventory Days
Days Payable
Cash Conversion Cycle 2 2 4 6 4 4 1 3 13 15 15 26
Working Capital Days 106 -116 -243 -119 -148 -119 -184 -247 -248 -446 -667 -1,551
ROCE % 11% 10% 9% 9% 8% 5% 9% 5% 7% -7% -8% 6%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
61.02% 63.81% 63.81% 63.81% 64.86% 64.86% 64.86% 66.35% 66.35% 70.32% 70.32% 70.32%
2.82% 2.80% 2.50% 2.53% 2.38% 2.04% 1.90% 1.99% 2.00% 1.51% 1.87% 2.08%
9.88% 9.16% 9.03% 8.67% 8.13% 7.68% 2.39% 2.29% 2.29% 2.00% 2.01% 2.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.99% 4.70% 4.70% 4.13% 4.03% 4.02%
26.28% 24.23% 24.66% 24.99% 24.63% 25.42% 25.87% 24.69% 24.68% 22.03% 21.76% 21.57%
No. of Shareholders 5,26,4815,25,4935,21,5255,33,2445,53,3025,44,4535,38,5705,24,7235,20,6045,05,9695,41,9375,85,670

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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