IFCI Ltd

₹ 41.3 -1.55%

19 Apr - 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]

Website BSE NSE

Market Cap ₹ 10,282 Cr.
Current Price ₹ 41.3
High / Low ₹ 71.8 / 10.4
Stock P/E
Book Value ₹ 15.1
Dividend Yield 0.00 %
ROCE 5.38 %
ROE -3.78 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 2.73 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -19.2% over past five years.
Company has a low return on equity of -34.3% 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

Sector: Finance Industry: Finance - Term-Lending Institutions

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	611	6	392	351	274	444	311	413	348	414	320	607	454
	1,168	399	997	665	315	131	345	-34	47	418	290	-74	230
Operating Profit	-557	-393	-605	-314	-41	313	-34	447	300	-4	30	681	224
OPM %	-91%	-6,172%	-154%	-89%	-15%	70%	-11%	108%	86%	-1%	9%	112%	49%
	-1	12	8	19	10	5	5	12	3	12	4	5	14
Interest	286	264	260	248	234	201	168	162	150	162	144	145	146
Depreciation	17	19	18	16	15	18	17	18	21	18	18	21	21
Profit before tax	-861	-663	-874	-560	-279	99	-214	279	134	-172	-128	520	71
Tax %	17%	-28%	21%	21%	-145%	130%	8%	25%	18%	-40%	-1%	66%	45%
	-718	-849	-692	-445	-685	-30	-197	209	109	-241	-129	174	39
EPS in Rs	-3.84	-4.51	-3.44	-2.37	-3.46	-0.14	-0.99	0.78	0.42	-1.16	-0.56	0.39	0.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	3,091	3,157	3,602	3,864	4,465	3,582	4,322	2,821	2,880	2,082	1,556	1,490	1,795
	148	508	1,067	1,010	1,509	1,850	1,714	1,962	1,463	2,961	2,108	776	864
Operating Profit	2,943	2,649	2,534	2,854	2,956	1,733	2,608	859	1,417	-879	-553	714	931
OPM %	95%	84%	70%	74%	66%	48%	60%	30%	49%	-42%	-36%	48%	52%
	40	31	40	82	168	99	38	311	21	14	39	28	35
Interest	1,956	1,919	1,762	2,173	2,599	2,380	2,144	1,803	1,451	1,147	943	642	597
Depreciation	22	25	51	-11	24	61	63	63	81	72	66	74	78
Profit before tax	1,005	737	762	775	501	-609	439	-696	-94	-2,085	-1,523	26	290
Tax %	32%	33%	26%	28%	24%	47%	5%	32%	-137%	8%	-16%	559%
	688	497	566	575	394	-308	418	-476	-223	-1,912	-1,761	-120	-157
EPS in Rs	9.32	2.99	3.41	3.23	2.18	-2.27	2.26	-2.88	-1.36	-10.24	-8.71	-0.95	-1.26
Dividend Payout %	11%	33%	29%	46%	46%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-7%
5 Years:	-19%
3 Years:	-20%
TTM:	18%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	13%
TTM:	-931%

Stock Price CAGR
10 Years:	5%
5 Years:	27%
3 Years:	58%
1 Year:	295%

Return on Equity
10 Years:	-6%
5 Years:	-21%
3 Years:	-34%
Last Year:	-4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	4,804	5,117	5,404	5,561	5,639	5,208	4,193	3,661	3,553	1,842	715	1,571	1,277
Preference Capital	264	264	264	264	264	264	0	0	0	0	0	0
	22,289	18,870	21,533	26,503	28,334	23,655	20,665	16,394	12,566	11,041	7,095	6,020	5,746
	2,029	1,961	2,414	3,244	3,511	3,756	4,244	4,291	4,623	5,585	5,574	7,152	6,747
Total Liabilities	29,860	27,609	31,013	36,970	39,146	34,282	30,798	26,042	22,439	20,364	15,487	16,939	16,260
	1,471	1,473	1,934	1,935	1,860	1,823	1,721	1,701	1,720	1,762	1,741	1,764	1,756
CWIP	19	19	9	4	6	3	2	1	4	9	16	11	7
Investments	7,208	8,015	6,401	6,330	6,860	5,150	7,363	5,580	3,963	5,504	6,541	7,700	8,394
	21,162	18,101	22,668	28,700	30,420	27,306	21,712	18,760	16,752	13,089	7,190	7,464	6,103
Total Assets	29,860	27,609	31,013	36,970	39,146	34,282	30,798	26,042	22,439	20,364	15,487	16,939	16,260

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-76	-651	874	263	-5	802	-972	444	635	-438	-257	-336
	-28	-57	-176	7	77	-8	195	-23	-33	-103	-30	-59
	-43	838	-201	-409	-316	-29	43	-234	196	193	73	465
Net Cash Flow	-147	130	498	-138	-245	765	-734	186	798	-348	-213	70

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	162	163	100	78	61	59	12	23	24	34	57	59
Inventory Days
Days Payable
Cash Conversion Cycle	162	163	100	78	61	59	12	23	24	34	57	59
Working Capital Days	284	73	-101	-35	-68	-83	-159	-203	-225	-399	-467	-706
ROCE %	11%	10%	9%	9%	8%	5%	9%	4%	6%	-5%	-4%	5%

Shareholding Pattern

Numbers in percentages

6 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	63.81%	63.81%	63.81%	64.86%	64.86%	64.86%	66.35%	66.35%	70.32%	70.32%	70.32%	70.32%
	2.80%	2.50%	2.53%	2.38%	2.04%	1.90%	1.99%	2.00%	1.51%	1.87%	2.08%	2.29%
	9.16%	9.03%	8.67%	8.13%	7.68%	2.39%	2.29%	2.29%	2.00%	2.01%	2.02%	2.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	4.99%	4.70%	4.70%	4.13%	4.03%	4.02%	3.99%
	24.23%	24.66%	24.99%	24.63%	25.42%	25.87%	24.69%	24.68%	22.03%	21.76%	21.57%	21.37%
No. of Shareholders	5,25,493	5,21,525	5,33,244	5,53,302	5,44,453	5,38,570	5,24,723	5,20,604	5,05,969	5,41,937	5,85,670	8,26,079

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	55.53%	56.42%	56.42%	56.42%	61.02%	64.86%	66.35%	70.32%
	9.69%	6.35%	5.37%	3.50%	2.82%	2.38%	2.00%	2.29%
	13.78%	14.00%	13.64%	11.58%	9.88%	8.13%	2.29%	2.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.70%	3.99%
	21.00%	23.22%	24.56%	28.50%	26.28%	24.63%	24.68%	21.37%
No. of Shareholders	6,23,681	5,56,980	5,30,300	5,15,285	5,26,481	5,53,302	5,20,604	8,26,079

* 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.

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IFCI Ltd

IFCI Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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