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 ₹ 15,379 Cr.
- Current Price ₹ 57.1
- High / Low ₹ 108 / 46.2
- Stock P/E 85.8
- Book Value ₹ 33.2
- Dividend Yield 0.00 %
- ROCE 4.90 %
- ROE 1.97 %
- Face Value ₹ 10.0
Pros
Cons
- 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.
* 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 Nifty Smallcap 100 BSE Financial Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| Revenue growth | +7% | +16% | -20% | +21% | -35% | +2% | -28% | -25% | +9% | +17% | +2% | +3% | +5% |
| Interest | 2,173 | 2,599 | 2,380 | 2,144 | 1,803 | 1,451 | 1,147 | 943 | 642 | 571 | 535 | 416 | 416 |
| 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 |
| Financing Margin % | 18% | 8% | -18% | 11% | -33% | -1% | -97% | -96% | 4% | 35% | 39% | 27% | 28% |
| 82 | 168 | 99 | 38 | 311 | 21 | 14 | 39 | 28 | 130 | 40 | 46 | 50 | |
| Depreciation | -11 | 24 | 61 | 63 | 63 | 81 | 72 | 66 | 74 | 81 | 83 | 86 | 85 |
| Profit before tax | 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% | |
| 575 | 394 | -308 | 418 | -476 | -223 | -1,912 | -1,761 | -120 | 241 | 349 | 435 | 433 | |
| EPS in Rs | 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 |
| Dividend Payout % | 46% | 46% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 0% |
| 3 Years: | 7% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | 16% |
| 3 Years: | 41% |
| TTM: | -44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 36% |
| 3 Years: | 35% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -6% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
| 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 |
| 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 |
| 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 Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 263 | -5 | 802 | -972 | 444 | 635 | -438 | -257 | -336 | 12 | -984 | 280 | |
| 7 | 77 | -8 | 195 | -23 | -33 | -103 | -30 | -59 | -155 | -70 | 25 | |
| -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
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 7% | 4% | -6% | 6% | -12% | -4% | -43% | -56% | -6% | 2% | 3% | 2% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Disbursements Rs crore ・Standalone data |
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| GoI Capital Infusion Rs crore ・Standalone data |
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| Standard Loan Book (Net Stage 1 & 2) Rs crore ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Considering And Approving The Financial Results For The Quarter And Half-Year Ended September 30, 2026
- Board meeting on November 12, 2026 to approve Q2 and half-year FY2026 results; trading window closed till November 14.
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Copy Of Newspaper Publication
- Newspaper Publication - Special Window for transfer and dematerialization of physical securities
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026
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Closure of Trading Window
- Trading window closed from September 30, 2026 until 48 hours after Q2 and half-year results.
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Announcement under Regulation 30 (LODR)-Change in Management
- Prof. Narayanaswamy Balakrishnan ceased as Non-Executive, Non-Independent Director effective September 25, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1] [2]
The company was established by the Government of India in 1948 as a development financial institution to provide long-term funding to the industrial sector. It was converted into a company in 1993 and renamed IFCI Limited in 1999. The company has financed projects across sectors such as airports, roads, telecom, power, real estate, manufacturing, and services.