Power Finance Corporation Ltd
PFC NSE
Power Finance Corporation Ltd
Financial Services F&ONSE: PFC BSE: 532810 Financial Institution
Key Fundamentals
LargecapFinancial InstitutionFinancial ServicesMarket Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
5.32
EBITDA
1.1L Cr
Return on Equity
19.67%
Debt to Equity
8.38
Book Value
₹402.6
EPS
₹62.81
52W High
₹486.5
52W Low
₹329.9
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Power Finance Corporation Ltd insights
22 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Stock is trading at 0.97 times its book value
- Stock is providing a good dividend yield of 4.42%.
- Company has been maintaining a healthy dividend payout of 23.0%
- Company's working capital requirements have reduced from 18.3 days to 12.4 days
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.0% over past five years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
7.09% ↗
Net Income Growth
15.59% ↗
Cash Flow Change
5.67% ↗
ROE
-0.15% ↘
ROCE
-0.86% ↘
EBITDA Margin (Avg.)
0.76% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk medium
Power Finance Corporation Ltd is a large-cap NBFC lending to the power sector with a market cap of ₹1,38,538 Cr, trading at a PE of 4.1x and 1.04x book value. The company has delivered consistent 21% ROE over 3 and 5 years with 17-18% profit CAGR, while offering a 4.42% dividend yield, though revenue growth has been modest at 10% over five years and interest coverage remains a concern.
Bull Case 8
- PE ratio of 4.1x is extremely low relative to the broader financial services sector, suggesting earnings are being acquired cheaply per rupee invested
- Consistent ROE of 21% maintained over 3-year, 5-year, and last year periods indicates strong and stable return generation on equity capital
- Dividend yield of 4.42% is well above market averages, providing meaningful income to shareholders
- Compounded profit growth of 17% over 5 years and 18% over 3 years demonstrates sustained earnings momentum
- Trading at 1.04x book value means the stock is priced near its net asset value, leaving limited downside from a book value perspective
- Working capital days reduced from 18.3 days to 12.4 days, reflecting improved operational efficiency in collections and fund deployment
- 3-year stock CAGR of 26% and 5-year CAGR of 31% show the market has been re-rating the company over the medium term
- 10-year compounded sales growth of 15% and profit growth of 15% indicate a long track record of steady expansion in the power lending book
Bear Case 8
- Low interest coverage ratio exposes the company to refinancing risk and margin compression if borrowing costs rise
- 5-year compounded sales growth of only 10% indicates sluggish loan book expansion relative to peers in the NBFC space
- Potential capitalisation of interest costs raises questions about the true quality of reported earnings and asset valuations
- TTM revenue growth has decelerated to 8% from the 3-year CAGR of 14%, suggesting a slowdown in disbursement momentum
- 1-year stock CAGR of just 1% versus 26% over 3 years signals the re-rating cycle may have stalled at current levels
- Concentrated exposure to the power sector makes the loan book vulnerable to policy changes, discom health deterioration, or energy transition risks
- Dividend payout ratio of 23% is relatively modest for a company with limited reinvestment-driven growth of 10% in sales, raising questions about capital allocation efficiency
- Debt-to-equity data is unavailable but as a wholesale lending NBFC, the company inherently operates with high leverage, amplifying any asset quality deterioration
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 3
- $300M FRN priced at SOFR+110bps Jul 10
PFC priced $300 million Floating Rate Notes due 2029 under its $8 billion GMTN programme at O/N SOFR + 110 bps, demonstrating strong international market access at competitive spreads.
- ₹72.59 Cr block trade on NSE Jul 21
A block trade of ~17.54 lakh shares at ₹413.80/share worth ₹72.59 crore was executed on NSE, reflecting sustained institutional interest in PFC stock.
- Borrowing limit hike proposed Jul 17
PFC board will seek shareholder approval on July 23, 2026 to enhance borrowing limits from domestic and international markets, signalling plans for expanded lending capacity.
Neutral 2
- Two transmission SPVs transferred Aug 3
PFC transferred Ananthpuram Transmission and Krishnagiri REZ Transmission to Apraava Energy and Power Grid Corporation for nearly ₹40 crore combined.
- Multiple new transmission SPVs incorporated Jul 27
PFC Consulting incorporated Benchigere Transmission (400kV, Tumakuru), Kushtagi Transmission (765KV, Karnataka), and Satara Power Transmission as wholly owned SPVs for competitive bidding preparation.
TL;DR: PFC is executing its core mandate of facilitating power sector infrastructure with multiple transmission SPV incorporations and successful asset transfers. International capital market access remains strong with a $300M FRN issuance at tight spreads, and institutional interest is evident from block trade activity. No material headwinds emerged in this period. The trend is stable with PFC positioning for growth through an expanded borrowing limit and a healthy pipeline of transmission projects.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21,009 | 22,391 | 23,572 | 24,141 | 24,717 | 25,722 | 26,798 | 29,265 | 28,539 | 28,890 | 29,095 | 28,920 | 28,527 |
| Expenses | -65 | -551 | 791 | -589 | 310 | 366 | 429 | 2,148 | 212 | 1,514 | 1,031 | 416 | 35 |
| Financing Profit | 7,404 | 8,629 | 7,954 | 9,577 | 8,886 | 9,348 | 9,807 | 10,550 | 11,123 | 10,062 | 10,492 | 11,170 | 11,242 |
| Fin. Margin % | 35% | 39% | 34% | 40% | 36% | 36% | 37% | 36% | 39% | 35% | 36% | 39% | 39% |
| Other Income | 9 | 13 | 22 | 35 | 20 | 33 | 24 | 20 | 90 | 11 | 27 | -63 | 36 |
| Interest | 13,670 | 14,313 | 14,827 | 15,154 | 15,521 | 16,008 | 16,562 | 16,567 | 17,204 | 17,314 | 17,572 | 17,333 | 17,250 |
| Depreciation | 12 | 13 | 14 | 15 | 12 | 13 | 15 | 16 | 14 | 15 | 18 | 16 | 18 |
| PBT | 7,401 | 8,629 | 7,961 | 9,597 | 8,894 | 9,368 | 9,816 | 10,554 | 11,199 | 10,057 | 10,502 | 11,092 | 11,260 |
| Tax % | 19% | 23% | 21% | 21% | 19% | 23% | 21% | 21% | 20% | 22% | 22% | 22% | 20% |
| Net Profit | 5,982 | 6,628 | 6,294 | 7,556 | 7,182 | 7,215 | 7,760 | 8,358 | 8,981 | 7,834 | 8,212 | 8,598 | 8,998 |
| EPS in Rs | 13.87 | 14.65 | 14.33 | 17.04 | 16.8 | 16.07 | 17.66 | 19.14 | 20.81 | 17.4 | 19.07 | 21.21 | 21.25 |
| Gross NPA % | 3.54% | 3.4% | 3.13% | 3.02% | 2.97% | 2.62% | 2.3% | 1.64% | 1.47% | 1.45% | 1.26% | 0.66% | — |
| Net NPA % | 1% | 0.98% | 0.86% | 0.85% | 0.84% | 0.8% | 0.73% | 0.38% | 0.31% | 0.3% | 0.23% | 0.13% | — |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24,988 | 27,861 | 27,581 | 48,624 | 54,106 | 62,189 | 71,656 | 76,262 | 77,568 | 91,508 | 1,07,106 | 1,15,444 | 1,15,431 |
| Expenses | 1,103 | 2,042 | 5,538 | 6,583 | 1,696 | 7,332 | 7,102 | 8,215 | 4,051 | -33 | 3,833 | 3,181 | 2,996 |
| Financing Profit | 8,429 | 9,162 | 5,275 | 11,752 | 17,783 | 14,012 | 19,871 | 23,338 | 26,501 | 33,573 | 38,603 | 42,848 | 42,966 |
| Fin. Margin % | 34% | 33% | 19% | 24% | 33% | 23% | 28% | 31% | 34% | 37% | 36% | 37% | 37% |
| Other Income | 25 | 25 | 30 | 42 | 94 | 105 | 46 | 79 | 47 | 69 | 85 | 65 | 12 |
| Interest | 15,456 | 16,657 | 16,768 | 30,289 | 34,627 | 40,845 | 44,684 | 44,709 | 47,017 | 57,968 | 64,670 | 69,415 | 69,470 |
| Depreciation | 8 | 20 | 41 | 15 | 15 | 24 | 25 | 35 | 52 | 53 | 56 | 63 | 67 |
| PBT | 8,446 | 9,167 | 5,264 | 11,779 | 17,862 | 14,093 | 19,891 | 23,382 | 26,496 | 33,588 | 38,632 | 42,850 | 42,911 |
| Tax % | 29% | 33% | 58% | 25% | 29% | 33% | 21% | 20% | 20% | 21% | 21% | 22% | — |
| Net Profit | 6,004 | 6,184 | 2,236 | 8,797 | 12,640 | 9,477 | 15,716 | 18,768 | 21,179 | 26,461 | 30,514 | 33,625 | 33,642 |
| EPS in Rs | 18.19 | 18.74 | 6.78 | 20.27 | 30.06 | 21.58 | 35.6 | 42.47 | 48.15 | 59.88 | 69.67 | 78.49 | 78.93 |
| Div. Payout % | 20% | 30% | 59% | 31% | 0% | 35% | 22% | 23% | 22% | 23% | 23% | 24% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,320 | 1,320 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 3,300 | 3,300 | 3,300 |
| Reserves | 31,091 | 34,708 | 34,205 | 37,194 | 44,481 | 46,760 | 58,127 | 69,036 | 81,518 | 97,847 | 1,14,438 | 1,29,561 |
| Borrowing | 1,87,795 | 2,00,660 | 2,02,993 | 4,41,151 | 5,39,488 | 5,96,561 | 6,59,682 | 6,60,476 | 7,51,158 | 8,61,961 | 9,71,758 | 10,12,503 |
| Other Liabilities | 8,705 | 10,531 | 19,700 | 41,546 | 42,260 | 48,560 | 55,257 | 58,848 | 60,796 | 75,770 | 88,590 | 99,214 |
| Total Liabilities | 2,28,912 | 2,47,220 | 2,59,537 | 5,22,531 | 6,28,869 | 6,94,521 | 7,75,707 | 7,91,000 | 8,96,112 | 10,38,877 | 11,78,086 | 12,44,579 |
| Fixed Assets | 102 | 198 | 296 | 161 | 196 | 238 | 341 | 719 | 782 | 764 | 761 | 771 |
| CWIP | 2 | 47 | 105 | 129 | 199 | 288 | 336 | 53 | 22 | 39 | 88 | 128 |
| Investments | 528 | 2,230 | 3,145 | 5,493 | 4,604 | 4,404 | 3,499 | 3,774 | 5,973 | 10,971 | 12,792 | 15,549 |
| Other Assets | 2,28,280 | 2,44,745 | 2,55,990 | 5,16,749 | 6,23,871 | 6,89,590 | 7,71,530 | 7,86,454 | 8,89,334 | 10,27,102 | 11,64,445 | 12,28,131 |
| Total Assets | 2,28,912 | 2,47,220 | 2,59,537 | 5,22,531 | 6,28,869 | 6,94,521 | 7,75,707 | 7,91,000 | 8,96,112 | 10,38,877 | 11,78,086 | 12,44,579 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -21,455 | -13,298 | 1,795 | -57,148 | -80,252 | -42,148 | -59,143 | 4,904 | -74,699 | -97,820 | -92,269 | -4,504 |
| Investing | -491 | -1,973 | -667 | 1,409 | -13,463 | -73 | 1,741 | -547 | -1,694 | -3,409 | -2,312 | -3,441 |
| Financing | 26,916 | 10,383 | 1,950 | 52,018 | 93,616 | 43,399 | 60,424 | -8,371 | 75,518 | 1,01,261 | 94,258 | 9,265 |
| Net Cash Flow | 4,970 | -4,888 | 3,079 | -3,720 | -98 | 1,179 | 3,023 | -4,014 | -874 | 32 | -323 | 1,319 |
| Free Cash Flow | -21,498 | -13,456 | 1,614 | -57,237 | -80,351 | -42,277 | -59,234 | 4,604 | -74,821 | -98,143 | -93,110 | -4,841 |
| CFO/OP | -79 | -40 | 23 | -124 | -144 | -71 | -83 | 15 | -94 | -100 | -82 | 3 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 20% | 18% | 6% | 17% | 23% | 15% | 21% | 21% | 20% | 21% | 21% | 21% |
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - Intimation regarding convening of 40th Annual General Meeting of PFC. 8 Aug - Intimation regarding convening of 40th Annual General Meeting of PFC.
2
Shareholders Meeting On 31.08.2026
8 Aug - Book closure from Aug 17-31, 2026 for 40th AGM; e-voting Aug 28-30, 2026. 8 Aug - Book closure from Aug 17-31, 2026 for 40th AGM; e-voting Aug 28-30, 2026.
3
Business Responsibility and Sustainability Reporting (BRSR)
8 Aug - 40th AGM on August 31, 2026 at 11:00 a.m. via VC; annual report sent. 8 Aug - 40th AGM on August 31, 2026 at 11:00 a.m. via VC; annual report sent.
4
Business Responsibility and Sustainability Reporting (BRSR)
8 Aug - 40th AGM on August 31, 2026; FY 2025-26 annual report and notice sent. 8 Aug - 40th AGM on August 31, 2026; FY 2025-26 annual report and notice sent.
5
Board Meeting Outcome for Outcome Of Board Meeting- Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
7 Aug - PFC approved Q1 FY27 results, declared Rs 3.90 interim dividend; record date 27 Aug 2026, payment by 6 Sep. 7 Aug - PFC approved Q1 FY27 results, declared Rs 3.90 interim dividend; record date 27 Aug 2026, payment by 6 Sep.
Frequently Asked Questions about Power Finance Corporation Ltd
What does Power Finance Corporation Ltd do?
Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]
Where is Power Finance Corporation Ltd (PFC) listed?
Power Finance Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: PFC and BSE: 532810. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Power Finance Corporation Ltd belong to?
Power Finance Corporation Ltd operates in the Financial Services sector within the Financial Institution industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Power Finance Corporation Ltd?
Power Finance Corporation Ltd has a market capitalisation of approximately ₹138356.77 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Power Finance Corporation Ltd?
The Price-to-Earnings (PE) ratio of Power Finance Corporation Ltd is 5.32. 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 Power Finance Corporation Ltd?
Over the past 52 weeks, Power Finance Corporation Ltd has traded between a low of ₹329.9 and a high of ₹486.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Power Finance Corporation Ltd pay dividends?
Yes, Power Finance Corporation Ltd has a dividend yield of 4.44%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Power Finance Corporation Ltd?
Power Finance Corporation Ltd has a Return on Equity (ROE) of 19.67%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Power Finance Corporation Ltd on Tapetide?
On Tapetide, you can view Power Finance Corporation 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
Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]
Website pfcindia.com
CEO Ms. Parminder Chopra
Employees 540
Listed 2007-02-23
Face Value ₹ 10
Issued Size 3,30,01,01,760