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 ₹ 3,111 Cr.
- Current Price ₹ 67.2
- High / Low ₹ 80.5 / 33.1
- Stock P/E 25.6
- Book Value ₹ 27.0
- Dividend Yield 0.89 %
- 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: -14.1%
* 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 Allcap BSE Financial Services
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 | 268 | |
| Interest | 81 | 85 | 90 | 91 | 96 | 104 | 121 | 130 | 120 | 91 | 100 | 100 | 93 |
| 20 | 20 | 19 | 43 | 20 | 18 | 47 | 27 | 25 | 30 | 27 | 31 | 27 | |
| Financing Profit | 83 | 81 | 75 | 74 | 107 | 108 | 98 | 101 | 109 | 111 | 115 | 121 | 147 |
| Financing Margin % | 45% | 43% | 41% | 35% | 48% | 47% | 37% | 39% | 43% | 48% | 47% | 48% | 55% |
| 3 | 2 | 1 | 24 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 8 | 4 | |
| 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 | 151 |
| 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 | 122 | |
| 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 | 2.63 |
| 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: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 41% |
| 3 Years: | 67% |
| 1 Year: | 103% |
| 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 |
| Free Cash Flow | 18 | 15 | 22 | 24 | 135 | -54 | 161 | -171 | 137 | -137 | -7 | 83 |
| CFO/OP | 26% | 21% | 26% | 9% | 80% | -15% | 81% | -65% | 70% | -59% | 8% | 42% |
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% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of Borrowings (%) % |
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| Net Interest Margin (NIM) % |
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Documents
Announcements
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Disclosure Under Regulation 6(1) And 7(1)
2d - Filed compliance officer and RTA details for quarter ended March 31, 2026.
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Centralized Database For Corporate Bonds/Debentures
2d - Filed centralized database disclosure for bonds/NCDs; no defaults or delays in FY 2025-26.
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Chapter VIII - Specifications Related To ISIN For Debt
2d - Disclosure of two bond series outstanding: ₹100 crore maturing 2028 and ₹75 crore maturing 2033.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2d - TFCI confirms it is not a Large Corporate under SEBI criteria.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2d
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 2012
from nse
Concalls
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Jan 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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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]