Tourism Finance Corporation of India Ltd
Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc. [1]
- Market Cap ₹ 2,927 Cr.
- Current Price ₹ 63.2
- High / Low ₹ 75.9 / 24.4
- Stock P/E 26.0
- Book Value ₹ 27.0
- Dividend Yield 0.92 %
- ROCE 10.7 %
- ROE 8.51 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 25.4%
Cons
- The company has delivered a poor sales growth of -1.00% over past five years.
- Promoter holding is low: 3.85%
- Company has a low return on equity of 8.71% over last 3 years.
- Promoter holding has decreased over last 3 years: -13.0%
* 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 184 | 186 | 185 | 208 | 224 | 230 | 266 | 258 | 254 | 231 | 242 | 252 | 255 | |
| Interest | 81 | 85 | 90 | 91 | 96 | 104 | 121 | 130 | 120 | 91 | 100 | 100 | 96 |
| 20 | 20 | 19 | 43 | 20 | 18 | 47 | 27 | 25 | 30 | 27 | 31 | 31 | |
| Financing Profit | 83 | 81 | 75 | 74 | 107 | 108 | 98 | 101 | 109 | 111 | 115 | 121 | 129 |
| Financing Margin % | 45% | 43% | 41% | 35% | 48% | 47% | 37% | 39% | 43% | 48% | 47% | 48% | 50% |
| 3 | 2 | 1 | 24 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 8 | 10 | |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Profit before tax | 84 | 82 | 76 | 97 | 107 | 114 | 97 | 100 | 108 | 109 | 114 | 128 | 139 |
| Tax % | 30% | 26% | 29% | 27% | 28% | 24% | 17% | 19% | 21% | 20% | 20% | 19% | |
| 58 | 60 | 54 | 70 | 77 | 86 | 81 | 81 | 85 | 88 | 91 | 104 | 112 | |
| EPS in Rs | 1.45 | 1.49 | 1.33 | 1.75 | 1.92 | 2.14 | 2.01 | 2.00 | 1.89 | 1.95 | 2.02 | 2.24 | 2.43 |
| Dividend Payout % | 17% | 24% | 27% | 23% | 21% | 21% | 0% | 8% | 13% | 25% | 25% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -1% |
| 3 Years: | 0% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 46% |
| 3 Years: | 57% |
| 1 Year: | 85% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 9% |
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 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 90 | 90 | 90 | 93 | 93 |
| Reserves | 356 | 398 | 433 | 474 | 597 | 656 | 673 | 711 | 847 | 927 | 999 | 1,124 | 1,159 |
| Borrowing | 862 | 956 | 996 | 1,050 | 1,304 | 1,324 | 1,447 | 1,360 | 1,272 | 999 | 978 | 862 | 1,031 |
| 64 | 65 | 80 | 96 | 35 | 30 | 43 | 34 | 35 | 29 | 39 | 23 | 28 | |
| Total Liabilities | 1,362 | 1,501 | 1,590 | 1,700 | 2,017 | 2,091 | 2,244 | 2,185 | 2,245 | 2,045 | 2,106 | 2,102 | 2,311 |
| 30 | 30 | 29 | 20 | 15 | 14 | 18 | 16 | 17 | 15 | 15 | 14 | 14 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 138 | 190 | 255 | 248 | 301 | 318 | 219 | 159 | 165 | 338 | 461 | 259 | 390 |
| 1,193 | 1,281 | 1,307 | 1,432 | 1,701 | 1,758 | 2,008 | 2,010 | 2,062 | 1,692 | 1,630 | 1,830 | 1,907 | |
| Total Assets | 1,362 | 1,501 | 1,590 | 1,700 | 2,017 | 2,091 | 2,244 | 2,185 | 2,245 | 2,045 | 2,106 | 2,102 | 2,311 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | 15 | 22 | -7 | 135 | -54 | 161 | -171 | 139 | -137 | -7 | 70 | |
| -0 | -0 | -0 | 31 | -0 | -0 | -1 | -0 | -2 | -0 | -0 | 12 | |
| -11 | -21 | -19 | -19 | -20 | -20 | -22 | -1 | 57 | -12 | -22 | 26 | |
| Net Cash Flow | 7 | -6 | 3 | 6 | 115 | -74 | 139 | -172 | 193 | -149 | -29 | 109 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 14% | 13% | 11% | 10% | 13% | 12% | 11% | 10% | 10% | 9% | 9% | 9% |
Documents
Announcements
-
Bond Interest Payment Record Date
17 Nov - Interest payment record date Dec 16, 2025 for Series XLVI B/C; due Jan 1, 2026 (ISINs NE305A09216, NE305A09208).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Nov
- Announcement under Regulation 30 (LODR)-Investor Presentation 11 Nov
-
Compliances-Reg. 54 - Asset Cover details
10 Nov - Board approved unaudited Q2/H1 Sep 30, 2025 results; limited review clean; in-principle AIF co-sponsorship approval
-
Financial Results For September 30, 2025
10 Nov - Board approved unaudited Q2/H1 results (Sept 30, 2025); H1 PAT Rs5,962.42 lakh; to co-sponsor Category II AIFs.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
Concalls
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Jan 2025TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
May 2023TranscriptAI SummaryPPT
-
Nov 2022TranscriptAI SummaryPPT
-
Aug 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2021TranscriptAI SummaryPPT
-
Aug 2021TranscriptAI SummaryPPT
-
Jun 2021TranscriptAI SummaryPPT
-
Jun 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Nov 2020TranscriptAI SummaryPPT
-
Aug 2020TranscriptAI SummaryPPT
-
Jun 2020TranscriptAI SummaryPPT
-
Feb 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Sep 2019TranscriptAI SummaryPPT
-
Jun 2019TranscriptAI SummaryPPT
Offerings
The company provides financial assistance to tourism-related projects such as hotels, resorts, restaurants, amusement parks, etc, primarily in the form of long-term loans as well as by investing in the debentures, equity, preference shares, etc, of such companies. [1]