IFCI Ltd logo

IFCI Ltd

IFCI NSE

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]

AI Verdict: HOLD Confidence: 4%

IFCI Ltd trades at a PE of 53.3x with only 2% ROE and near-zero sales growth over 5 years, making it expensive relative to fundamentals. While the stock has delivered a 94% CAGR over 3 years driven by sentiment and turnaround hopes, weak profitability and no dividend payout suggest limited margin of safety at current levels.

Key Fundamentals

SmallcapFinancial InstitutionFinancial Services
Market Cap
₹21,183 Cr
Volatility
Moderate
P/E Ratio
114.93
EBITDA
₹961 Cr
Return on Equity
-1.8%
Debt to Equity
0.69
Book Value
₹33.2
EPS
₹0.53
52W High
₹95.8
52W Low
₹46.23

Technical Indicators

Key Insights

Strengths

1
  • Debtor days have improved from 43.9 to 34.6 days.

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -0.13% over past five years.
  • Company has a low return on equity of 2.35% over last 3 years.

Growth Rate

Revenue Growth
0.22% ↘
Net Income Growth
26.49% ↘
Cash Flow Change
-8387.62% ↘
ROE
-26.43% ↘
ROCE
-34.90% ↘
EBITDA Margin (Avg.)
-32.19% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
HOLD
Risk high

IFCI Ltd trades at a PE of 53.3x with only 2% ROE and near-zero sales growth over 5 years, making it expensive relative to fundamentals. While the stock has delivered a 94% CAGR over 3 years driven by sentiment and turnaround hopes, weak profitability and no dividend payout suggest limited margin of safety at current levels.

Bull Case 7
  • Stock has delivered an exceptional 3-year CAGR of 94%, indicating strong momentum and investor interest in the turnaround story
  • 1-year stock return of 43% suggests continued positive sentiment and potential re-rating by the market
  • Compounded profit growth of 42% over 3 years shows the company is on a recovery trajectory from earlier losses
  • TTM revenue growth of 10% indicates improving top-line traction after years of stagnation
  • Debtor days improved from 43.9 to 34.6 days, reflecting better working capital management and collection efficiency
  • ROE has turned positive at 2% last year versus negative 6% over 5 years, signaling a shift from loss-making to profitability
  • Market cap of Rs 22,697 Cr provides reasonable liquidity for institutional participation in a government-backed financial institution
Bear Case 8
  • PE ratio of 53.3x is extremely expensive for a company with only 2% ROE, offering poor earnings yield relative to risk
  • 5-year compounded sales growth is effectively 0% (-0.13%), indicating no structural business growth despite market tailwinds
  • 3-year average ROE of just 2.35% is far below the cost of equity, destroying shareholder value on a risk-adjusted basis
  • Zero dividend yield despite reporting repeated profits suggests retained earnings are not being deployed productively or management lacks confidence in sustainability
  • Price-to-book of 2.58x is unjustified for a financial institution generating sub-3% return on equity
  • 10-year compounded sales growth is negative at -7%, reflecting a structurally shrinking loan book over the long term
  • 10-year compounded profit growth of -5% shows the recent turnaround has not yet offset a decade of value destruction
  • Zero analyst coverage with no buy, hold, or sell ratings indicates lack of institutional research interest and potential governance or transparency concerns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 1
  • Weekly RSI signals caution Jun 15

    Despite the rally, weekly RSI is bearish and KST indicator shows bearish signals, suggesting potential short-term overextension after 43.39% monthly gain.

Positives 4
  • NSE IPO buzz drives 20% surge Jun 12

    IFCI hit 52-week high of ₹84.57 with 20% upper circuit lock, adding ₹3,800 crore to market cap, driven by NSE IPO DRHP filing expected by June 15 via IFCI's 52.86% stake in SHCIL which holds 4.4% in NSE.

  • 7.22% surge to new 52-week high Jun 15

    IFCI reached ₹90.43 intraday high with 3.75% gap-up opening, outperforming Finance sector's 3.42% gain by 3 percentage points on continued momentum.

  • Exceptional multi-timeframe returns Jun 15

    Stock gained 23.01% in one week, 43.39% over one month, 58.76% over three months, and 71.35% YTD versus Sensex returns of 4.22%, 1.85%, 2.77%, and -10.08% respectively.

  • Trading above all moving averages Jun 15

    IFCI trades above 5-day, 20-day, 50-day, 100-day, and 200-day moving averages with weekly MACD, monthly MACD, and Bollinger Bands all signaling bullish momentum.

Neutral 2
  • ₹124 crore block trades executed Jun 12

    Three NSE block trades totalling ₹124.06 crores covering 14.7 million shares at prices ranging from ₹84.08 to ₹84.57, indicating large institutional activity.

  • No share encumbrance in FY26 Jun 5

    Government of India confirmed no encumbrance on IFCI shares for FY26 under SEBI SAST Regulation 31(4), other than previously disclosed items.

TL;DR: IFCI is in a powerful rally phase, surging 71.35% YTD driven primarily by the anticipated NSE IPO where it holds indirect exposure via SHCIL. The stock has hit successive 52-week highs with strong volume confirmation and trades above all key moving averages. Key risk is the parabolic nature of the move with weekly RSI already bearish, making it vulnerable to sharp pullbacks if NSE IPO timelines slip. The trend remains firmly bullish as long as the NSE IPO catalyst stays on track with the DRHP filing expected imminently.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
414
320
607
454
605
388
617
459
414
407
735
456
470
Expenses
418
290
-74
230
269
210
353
211
-80
215
243
326
314
Financing Profit
-166
-114
535
78
201
43
130
117
359
88
385
27
54
Fin. Margin %
-40%
-36%
88%
17%
33%
11%
21%
25%
87%
22%
52%
6%
11%
Other Income
12
4
5
14
107
17
167
-2
1
36
17
6
-4
Interest
162
144
145
146
136
135
135
131
134
104
107
103
102
Depreciation
18
18
21
21
21
20
22
21
21
21
21
21
23
PBT
-172
-128
520
71
287
40
275
94
340
103
381
13
27
Tax %
40%
1%
66%
45%
45%
318%
33%
109%
23%
39%
17%
-66%
-24%
Net Profit
-241
-129
174
39
157
-88
185
-9
260
62
317
21
34
EPS in Rs
-1.16
-0.64
0.44
0.08
0.61
-0.41
0.32
-0.12
0.84
0.15
0.53
-0.06
0.05
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
3,864
4,465
3,582
4,322
2,821
2,880
2,082
1,556
1,699
1,988
1,879
2,069
Expenses
1,010
1,509
1,850
1,714
1,962
1,463
2,961
2,108
986
715
694
1,097
Financing Profit
681
357
-647
463
-944
-34
-2,026
-1,496
72
702
650
555
Fin. Margin %
18%
8%
-18%
11%
-33%
-1%
-97%
-96%
4%
35%
35%
27%
Other Income
82
168
99
38
311
21
14
39
28
130
182
55
Interest
2,173
2,599
2,380
2,144
1,803
1,451
1,147
943
642
571
535
416
Depreciation
-11
24
61
63
63
81
72
66
74
81
83
86
PBT
775
501
-609
439
-696
-94
-2,085
-1,523
26
751
749
524
Tax %
28%
24%
-47%
5%
-32%
137%
-8%
16%
559%
68%
53%
17%
Net Profit
575
394
-308
418
-476
-223
-1,912
-1,761
-120
241
349
435
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
Div. Payout %
46%
46%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
263
-5
802
-972
444
635
-438
-257
-336
12
-984
280
Investing
7
77
-8
195
-23
-33
-103
-30
-59
-155
-70
25
Financing
-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
CFO/OP
14
5
49
-35
63
48
50
46
-39
6
-79
36
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
7%
4%
-6%
6%
-12%
-4%
-43%
-56%
-6%
2%
3%
2%

Shareholding Pattern

As of Mar 2026
Promoters 72.57%
Public 18.38%
FIIs 2.65%
Others 2.53%
Government 2.21%
DIIs 1.65%
Total 99.99%
  Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Feb 2022Mar 2022Jun 2022Sep 2022Oct 2022Dec 2022Mar 2023Apr 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Feb 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
61.02%
63.81%
63.81%
63.81%
63.81%
64.86%
64.86%
64.86%
64.86%
66.35%
66.35%
66.35%
70.32%
70.32%
70.32%
70.32%
70.32%
71.72%
71.72%
71.72%
71.72%
72.57%
72.57%
72.57%
72.57%
72.57%
72.57%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.08%
2.29%
2.31%
2.40%
2.54%
2.60%
2.64%
2.73%
0.00%
2.60%
2.58%
2.65%
DIIs
9.88%
9.18%
9.16%
9.03%
8.68%
8.15%
8.14%
7.68%
2.39%
2.29%
2.29%
2.28%
2.01%
2.01%
2.02%
2.03%
2.03%
1.94%
1.93%
1.67%
1.65%
1.60%
1.61%
1.61%
1.63%
1.63%
1.65%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.99%
4.75%
4.70%
4.70%
4.15%
4.13%
4.03%
4.02%
3.99%
3.70%
3.34%
3.04%
2.98%
2.88%
2.86%
2.50%
2.33%
2.32%
2.21%
Public
23.36%
21.66%
21.46%
22.03%
22.49%
22.34%
22.51%
23.30%
23.66%
22.66%
22.45%
22.51%
19.82%
19.95%
19.45%
19.38%
18.63%
18.06%
18.60%
19.29%
19.18%
18.52%
17.86%
18.13%
18.34%
18.38%
18.38%
Others
5.74%
5.36%
5.56%
5.13%
5.03%
4.65%
4.49%
4.17%
4.11%
3.96%
4.22%
4.16%
3.70%
3.59%
4.19%
2.18%
2.74%
2.28%
2.00%
1.73%
1.87%
1.79%
2.37%
5.19%
2.54%
2.51%
2.53%
No. of Shareholders
0
5,26,481
5,25,630
5,25,493
5,21,525
5,33,244
5,53,490
5,53,302
5,44,453
5,38,570
5,37,454
5,20,604
5,04,741
5,05,969
5,41,937
5,85,670
8,26,079
8,33,026
8,76,318
9,79,173
9,97,698
9,96,406
9,97,758
10,20,490
9,85,987
9,58,706
9,65,982

Documents

Frequently Asked Questions about IFCI Ltd

What does IFCI Ltd do?
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]
Where is IFCI Ltd (IFCI) listed?
IFCI Ltd is listed on the Indian stock exchanges. It is listed on NSE: IFCI and BSE: 500106. You can view its live share price, financials, and ratios on Tapetide.
Which sector does IFCI Ltd belong to?
IFCI Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of IFCI Ltd?
IFCI Ltd has a market capitalisation of approximately ₹21182.70 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of IFCI Ltd?
The Price-to-Earnings (PE) ratio of IFCI Ltd is 114.93. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of IFCI Ltd?
Over the past 52 weeks, IFCI Ltd has traded between a low of ₹46.23 and a high of ₹95.8. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of IFCI Ltd?
IFCI Ltd has a Return on Equity (ROE) of -1.80%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research IFCI Ltd on Tapetide?
On Tapetide, you can view IFCI Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website ifciltd.com
CEO Mr. Rahul Bhave
Employees 117
Listed 1995-04-26
Face Value ₹ 10
Issued Size 2,69,43,14,331

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