Tourism Finance Corporation of India Ltd logo

Tourism Finance Corporation of India Ltd

TFCILTD NSE

Key Fundamentals

MicrocapFinancial InstitutionFinancial Services
Market Cap
₹5,301 Cr
Volatility
High Risk
P/E Ratio
35.28
EBITDA
₹229 Cr
Return on Equity
9.11%
Debt to Equity
1.52
Book Value
₹28.41
EPS
₹9.23
52W High
₹111.7
52W Low
₹51

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 24.7%

Weaknesses

5
  • Stock is trading at 4.14 times its book value
  • The company has delivered a poor sales growth of 1.37% over past five years.
  • Promoter holding is low: 3.85%
  • Company has a low return on equity of 8.93% over last 3 years.
  • Promoter holding has decreased over last 3 years: -14.1%

Growth Rate

Revenue Growth
-1.62% ↗
Net Income Growth
5.70% ↗
Cash Flow Change
180.99% ↗
ROE
-10.69% ↗
ROCE
-3.46% ↗
EBITDA Margin (Avg.)
0.92% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 8d ago
AI opinion · based on fundamentals
Risk high

Tourism Finance Corporation of India Ltd (TFCILTD) is a financial services company with a market cap of ₹4,732 crore, trading at a P/E of 30.4x and P/B of 3.56x. The stock has delivered a 72% return over the past year with TTM profit growth of 41%, but carries concerns around low promoter holding at 3.85% and weak 5-year sales CAGR of just 1.15%.

Bull Case 7
  • TTM profit growth of 41% indicates strong recent earnings momentum, significantly above the 10-year compounded profit CAGR of 9%
  • Stock has delivered 72% returns over 1 year and 80% CAGR over 3 years, reflecting sustained market re-rating
  • TTM sales growth of 15% marks a notable acceleration versus the 5-year compounded sales growth of just 1%
  • Consistent dividend payout of 24.7% with a current dividend yield of 0.59%, demonstrating shareholder return discipline
  • ROE has improved to 10% in the last year from a 3-year average of 9%, showing gradual profitability improvement
  • 10-year stock CAGR of 28% demonstrates long-term wealth creation track record
  • India's tourism sector is a structural growth story with government initiatives like Swadesh Darshan and PRASHAD schemes supporting demand for tourism financing
Bear Case 8
  • Promoter holding is extremely low at 3.85%, raising governance and alignment concerns for a financial services company
  • Promoter holding has declined by 14.1% over the last 3 years, signaling lack of promoter commitment
  • 5-year compounded sales growth of just 1.15% indicates the company struggled to grow its loan book over an extended period
  • P/B ratio of 3.56x is elevated for a company generating only 9-10% ROE, implying the stock prices in significant future improvement
  • P/E of 30.4x is rich for a financial services company with 10-year compounded profit growth of only 9%
  • 3-year ROE average of just 9% is below the cost of equity for most financial services firms, suggesting limited value creation
  • 3-year compounded sales CAGR of 6% remains modest, indicating the recent TTM acceleration to 15% is yet to prove its sustainability
  • Niche lending focus on tourism sector creates concentration risk with limited diversification across borrower segments

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

AI News Digest

Anthropic anthropic claude-opus-4.6 6d ago
Positives 2
  • Q1 PAT doubles to ₹61.21 Cr Jul 23

    TFCI's Q1FY27 net profit doubled to ₹61.21 crore with total income growing 75% to ₹115.15 crore. Net NPA remains nil, indicating robust asset quality.

  • ₹1,200 Cr NCD issuance approved Jul 29

    Shareholders to vote on ₹1,200 crore NCD issuance limit at the 37th AGM on August 21, 2026, signaling capital-raising plans to fund growth.

Neutral 2
  • Dividend record date Aug 14 Jul 29

    TFCI sets August 14, 2026 as record date for FY2025-26 dividend. The 37th AGM is scheduled for August 21, 2026.

  • MD term extended until 2028 Jul 29

    AGM agenda includes Anoop Bali's MD appointment extension until 2028 and amendments to Articles of Association.

TL;DR: TFCI is delivering strong earnings momentum with Q1 profit doubling and nil Net NPAs, reflecting healthy asset quality and margin expansion. The company is positioning for growth via a ₹1,200 crore NCD fundraise. No visible headwinds currently. The trend is clearly improving with clean books and accelerating profitability.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
59
58
67
58
62
65
57
68
64
66
70
74
81
Expenses
7
8
5
7
6
6
10
9
6
6
6
9
11
Financing Profit
30
24
36
25
32
32
21
35
36
37
40
41
44
Fin. Margin %
50%
42%
54%
43%
52%
50%
36%
52%
57%
55%
57%
55%
55%
Other Income
0
0
0
0
0
0
7
1
2
0
1
0
34
Interest
23
26
26
26
24
26
26
24
22
23
24
24
26
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
29
24
36
25
32
32
28
36
38
37
40
41
78
Tax %
17%
21%
24%
17%
20%
21%
18%
17%
20%
21%
21%
21%
22%
Net Profit
24
19
28
20
25
26
23
30
31
29
32
32
61
EPS in Rs
0.54
0.41
0.61
0.45
0.55
0.55
0.49
0.65
0.66
0.63
0.69
0.69
1.32
Gross NPA %
5.35%
3.76%
2.17%
2.75%
2.81%
2.82%
5.61%
3.22%
0.24%
0.22%
0.38%
0.37%
0.41%
Net NPA %
4.16%
2.82%
1.38%
1.51%
1.54%
1.55%
3.92%
1.61%
—
—
—
—
—
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
186
185
208
224
230
266
258
254
231
242
252
277
291
Expenses
20
19
43
20
18
47
27
25
30
27
31
27
32
Financing Profit
81
75
74
107
108
98
101
109
111
115
121
156
161
Fin. Margin %
43%
41%
35%
48%
47%
37%
39%
43%
48%
47%
48%
56%
55%
Other Income
2
1
24
0
6
0
0
0
0
0
8
0
35
Interest
85
90
91
96
104
121
130
120
91
100
100
93
98
Depreciation
1
1
1
1
0
1
1
1
2
1
1
1
1
PBT
82
76
97
107
114
97
100
108
109
114
128
156
196
Tax %
26%
29%
27%
28%
24%
17%
19%
21%
20%
20%
19%
21%
—
Net Profit
60
54
70
77
86
81
81
85
88
91
104
123
154
EPS in Rs
1.49
1.33
1.75
1.92
2.14
2.01
2
1.89
1.95
2.02
2.24
2.67
3.33
Div. Payout %
24%
27%
23%
21%
21%
0%
8%
13%
25%
25%
27%
22%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
81
81
81
81
81
81
81
90
90
90
93
93
Reserves
398
433
474
597
656
673
711
847
927
999
1,124
1,223
Borrowing
956
996
1,050
1,304
1,324
1,447
1,360
1,272
999
978
862
1,078
Other Liabilities
65
80
96
35
30
43
34
35
29
39
23
19
Total Liabilities
1,501
1,590
1,700
2,017
2,091
2,244
2,185
2,245
2,045
2,106
2,102
2,412
Fixed Assets
30
29
20
15
14
18
16
17
15
15
14
13
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
190
255
248
301
318
219
159
165
338
461
259
249
Other Assets
1,281
1,307
1,432
1,701
1,758
2,008
2,010
2,062
1,692
1,630
1,830
2,150
Total Assets
1,501
1,590
1,700
2,017
2,091
2,244
2,185
2,245
2,045
2,106
2,102
2,412
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
22
-7
135
-54
161
-171
139
-137
-7
55
-46
Investing
0
0
31
0
0
-1
0
-2
0
0
12
0
Financing
-21
-19
-19
-20
-20
-22
-1
57
-12
-22
26
-28
Net Cash Flow
-6
3
6
115
-74
139
-172
193
-149
-29
94
-74
Free Cash Flow
15
22
24
135
-54
161
-171
137
-137
-7
68
-46
CFO/OP
21
26
9
80
-15
81
-65
70
-59
8
35
-7
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
13%
11%
10%
13%
12%
11%
10%
10%
9%
9%
8%
10%

Shareholding Pattern

As of Jun 2026
Others 52.03%
Public 38.66%
FIIs 5.46%
Promoters 3.85%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Oct 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
27.25%
27.25%
27.25%
28.43%
28.43%
28.43%
28.43%
16.83%
17.94%
17.96%
17.96%
17.96%
17.67%
8.04%
7.85%
7.85%
7.85%
3.85%
3.85%
3.85%
3.85%
3.85%
3.85%
3.85%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
13.01%
0.00%
3.40%
0.00%
2.98%
2.79%
2.85%
3.44%
5.17%
4.61%
4.34%
2.76%
5.46%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.00%
0.00%
0.00%
0.00%
0.00%
0.03%
0.00%
0.05%
0.00%
0.00%
0.00%
0.08%
0.08%
0.01%
0.06%
0.00%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
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%
0.00%
0.00%
0.00%
Public
40.67%
41.33%
40.96%
36.86%
37.63%
37.27%
37.42%
37.84%
35.28%
35.42%
35.04%
38.85%
34.61%
63.85%
66.58%
67.57%
52.21%
50.05%
45.52%
33.59%
38.16%
47.22%
40.75%
38.66%
Others
32.08%
31.42%
31.79%
34.71%
33.93%
34.28%
34.15%
45.27%
46.77%
46.62%
47.00%
30.18%
47.72%
24.67%
25.57%
21.57%
37.15%
43.26%
47.19%
57.32%
53.30%
44.58%
52.58%
52.03%
No. of Shareholders
59,052
61,947
66,400
66,405
65,179
63,669
61,728
61,207
58,073
57,318
56,954
60,671
58,817
89,502
92,118
93,488
94,982
91,846
89,254
72,945
71,558
71,446
76,029
74,382

Documents

1
Concall - Jun 2019 Jun 2019
2
Concall - Sep 2019 Sep 2019
3
Concall - Nov 2019 Nov 2019
4
Concall - Feb 2020 Feb 2020
5
Concall - Jun 2020 Jun 2020

Frequently Asked Questions about Tourism Finance Corporation of India Ltd

What does Tourism Finance Corporation of India Ltd do?
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]
Where is Tourism Finance Corporation of India Ltd (TFCILTD) listed?
Tourism Finance Corporation of India Ltd is listed on the Indian stock exchanges. It is listed on NSE: TFCILTD and BSE: 526650. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tourism Finance Corporation of India Ltd belong to?
Tourism Finance Corporation of India 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 Tourism Finance Corporation of India Ltd?
Tourism Finance Corporation of India Ltd has a market capitalisation of approximately ₹5300.63 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Tourism Finance Corporation of India Ltd?
The Price-to-Earnings (PE) ratio of Tourism Finance Corporation of India Ltd is 35.28. 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 Tourism Finance Corporation of India Ltd?
Over the past 52 weeks, Tourism Finance Corporation of India Ltd has traded between a low of ₹51 and a high of ₹111.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tourism Finance Corporation of India Ltd pay dividends?
Yes, Tourism Finance Corporation of India Ltd has a dividend yield of 0.54%. 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 Tourism Finance Corporation of India Ltd?
Tourism Finance Corporation of India Ltd has a Return on Equity (ROE) of 9.11%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tourism Finance Corporation of India Ltd on Tapetide?
On Tapetide, you can view Tourism Finance Corporation of India 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

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]

Website tfciltd.com
CEO Mr. Anoop Bali
Employees 40
Listed 2000-07-26
Face Value ₹ 2
Issued Size 46,29,77,240

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