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 ₹ 16,562 Cr.
- Current Price ₹ 61.4
- High / Low ₹ 74.5 / 35.7
- Stock P/E 41.4
- Book Value ₹ 32.9
- Dividend Yield 0.00 %
- ROCE 8.08 %
- ROE 2.60 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 22.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -8.19% over past five years.
- Company has a low return on equity of 0.44% 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 Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,602 | 3,864 | 4,465 | 3,582 | 4,322 | 2,821 | 2,880 | 2,082 | 1,556 | 1,699 | 1,988 | 1,879 | 2,012 | |
| Interest | 1,762 | 2,173 | 2,599 | 2,380 | 2,144 | 1,803 | 1,451 | 1,147 | 943 | 642 | 571 | 535 | 448 |
| 1,067 | 1,010 | 1,509 | 1,850 | 1,714 | 1,962 | 1,463 | 2,961 | 2,108 | 986 | 715 | 694 | 703 | |
| Financing Profit | 772 | 681 | 357 | -647 | 463 | -944 | -34 | -2,026 | -1,496 | 72 | 702 | 650 | 860 |
| Financing Margin % | 21% | 18% | 8% | -18% | 11% | -33% | -1% | -97% | -96% | 4% | 35% | 35% | 43% |
| 40 | 82 | 168 | 99 | 38 | 311 | 21 | 14 | 39 | 28 | 130 | 182 | 61 | |
| Depreciation | 51 | -11 | 24 | 61 | 63 | 63 | 81 | 72 | 66 | 74 | 81 | 83 | 84 |
| Profit before tax | 762 | 775 | 501 | -609 | 439 | -696 | -94 | -2,085 | -1,523 | 26 | 751 | 749 | 836 |
| Tax % | 26% | 28% | 24% | -47% | 5% | -32% | 137% | -8% | 16% | 559% | 68% | 53% | |
| 566 | 575 | 394 | -308 | 418 | -476 | -223 | -1,912 | -1,761 | -120 | 241 | 349 | 661 | |
| EPS in Rs | 3.41 | 3.23 | 2.18 | -2.27 | 2.26 | -2.88 | -1.36 | -10.24 | -8.71 | -0.95 | 0.47 | 0.63 | 1.46 |
| Dividend Payout % | 29% | 46% | 46% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -8% |
| 3 Years: | 6% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | 22% |
| 3 Years: | 28% |
| TTM: | 427% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 47% |
| 3 Years: | 74% |
| 1 Year: | 36% |
| Return on Equity | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -17% |
| 3 Years: | 0% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 5,404 | 5,561 | 5,639 | 5,208 | 4,193 | 3,661 | 3,553 | 1,842 | 715 | 1,571 | 2,045 | 5,996 | 6,169 |
| Borrowing | 21,797 | 26,767 | 28,598 | 23,919 | 20,665 | 16,394 | 12,566 | 11,041 | 7,095 | 6,020 | 5,367 | 3,714 | 3,507 |
| 2,150 | 2,980 | 3,247 | 3,493 | 4,244 | 4,291 | 4,623 | 5,585 | 5,574 | 7,152 | 9,016 | 13,319 | 11,170 | |
| Total Liabilities | 31,013 | 36,970 | 39,146 | 34,282 | 30,798 | 26,042 | 22,439 | 20,364 | 15,487 | 16,939 | 18,918 | 25,724 | 23,540 |
| 1,934 | 1,935 | 1,860 | 1,823 | 1,721 | 1,701 | 1,720 | 1,762 | 1,741 | 1,764 | 1,734 | 1,700 | 1,629 | |
| CWIP | 9 | 4 | 6 | 3 | 2 | 1 | 4 | 9 | 16 | 11 | 13 | 23 | 22 |
| Investments | 6,401 | 6,330 | 6,860 | 5,150 | 7,363 | 5,580 | 3,963 | 5,504 | 6,541 | 7,700 | 8,678 | 15,323 | 15,444 |
| 22,668 | 28,700 | 30,420 | 27,306 | 21,712 | 18,760 | 16,752 | 13,089 | 7,190 | 7,464 | 8,493 | 8,678 | 6,445 | |
| Total Assets | 31,013 | 36,970 | 39,146 | 34,282 | 30,798 | 26,042 | 22,439 | 20,364 | 15,487 | 16,939 | 18,918 | 25,724 | 23,540 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 874 | 263 | -5 | 802 | -972 | 444 | 635 | -438 | -257 | -336 | 12 | -984 | |
| -176 | 7 | 77 | -8 | 195 | -23 | -33 | -103 | -30 | -59 | -155 | -70 | |
| -201 | -409 | -316 | -29 | 43 | -234 | 196 | 193 | 73 | 465 | 404 | 415 | |
| Net Cash Flow | 498 | -138 | -245 | 765 | -734 | 186 | 798 | -348 | -213 | 70 | 261 | -638 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 8% | 7% | 4% | -6% | 6% | -12% | -4% | -43% | -56% | -6% | 2% | 3% |
Documents
Announcements
- Copy Of Newspaper Publication - Special Window For Transfer And Dematerialisation Of Physical Securities. 16 Feb
- Financial Results For The Quarter Ended December 31, 2025 29 Jan
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Board Meeting Outcome for Outcome Of The Board Meeting Held On January 29, 2026
29 Jan - Board approved Q3/Dec 31, 2025 results; CRAR -16.51%, gross NPA 96.31%, Rs.500 crore equity from GAIL.
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Reply To Clarification Sought By Exchange
21 Jan - IFCI informed BSE on Jan 21, 2026 no information affecting recent share price movement.
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Clarification sought from IFCI Ltd
20 Jan - Exchange has sought clarification from IFCI Ltd on January 20, 2026 with reference to significant movement in price, in order to ensure that investors have …
Annual reports
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Financial Year 2025
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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
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Financial Year 2011
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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]