Minerva Capital Research Solutions

IFCI

NSE: IFCIBSE: 500106
Compare with peers
₹ 59.00▲ 0.06 (+0.1%)28 Oct, 03:29 pm IST
Market cap
₹ 15,972 Cr.
P/E
40.1x
P/B
1.85x
52-week range
46.23 – 107.5
ROE
2%
Dividend yield
0%
Debt / equity
0.42
Sector
Finance
Industry
Financial Institution
Listed on
NSE, BSE

About

IFCI Limited is a non-banking financial company. The Company provides financial support for the diversified growth of industries across the spectrum. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector, and such other allied industries. It also provides government advisory services and corporate advisory services. The Company deals in granted loans to corporate customers. It offers financial products, including loan products, project finance, corporate finance, syndication, and advisory, and structured products. The various sectors covered under project finance are power, including renewable energy, telecommunications, roads, oil and gas, ports, airports, basic metals, chemicals, pharmaceuticals, electronics, textiles, real estate, smart cities and urban infrastructure, and others. It caters to the varied needs of a diverse set of customers ranging across small, mid, and large corporates.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Financial Institution: 9 companies →

IFCI against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)40.1 against a typical 13.8: pricier than most peers (1st = cheapest).6th of 8
  • Sales growth−19.7% against a typical +14% from a year earlier.7th of 7
  • Profit growth−3.2% against a typical +0.9% from a year earlier.6th of 7
  • Share price, 3 months−17.3% against a typical −20.5%.3rd of 8
  • Size₹ 15,971.9 Cr. market value against a typical ₹ 11,402.4 Cr. (1st = largest).3rd of 6

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Look closer

Rated B+ by 2 agencies
B+
DefaultRiskyModerateSafeVery safe
  • Brickwork expects things to get worse (negative outlook).
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]B+ Rating Watch with Developing Implications-14 Sep 2026
CAREWithdrawn—17 Aug 2026
BrickworkBWR B +Negative5 Nov 2025
Credit rating actions
RatingDetails
14 Sep 2026
Reaffirmed
[ICRA]B+ Rating Watch with Developing Implications—ICRA₹ 1,713.1 Cr.
17 Aug 2026
Withdrawn
was CARE BB (Rating Watch with Developing Implications)—CARE₹ 2,518.79 Cr.
5 Nov 2025
Reaffirmed
BWR B +—Brickwork₹ 3,571.89 Cr.
16 Sep 2025
Rating action
[ICRA]B+ Rating Watch with Developing Implications—ICRA₹ 2,686.45 Cr.
18 Aug 2025
Reaffirmed
CARE BB (Rating Watch with Developing Implications)—CARE₹ 3,455.89 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
12 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
11 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended June 30, 2026
28 Apr 2026Financial ResultsTo consider and approve the standalone and consolidated financial results for the period ended March 31, 2026
29 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
11 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
8 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
15 May 2025Financial ResultsTo consider and approve the financial results for the quarter and year ended March 31, 2025

Share price

1Y change +5.39%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue607454605388617459414407735456470327
Interest145146136135135131134104107103102104
Expenses−74230269210353211−80215243326314138
Financing Profit535782014313011735988385275485
Financing Margin %88%17%33%11%21%25%87%22%52%6%11%26%
Other Income51410717167−2136176−431
Depreciation212121202221212121212320
Profit before tax520712874027594340103381132796
Tax %66%45%45%318%33%109%23%39%17%−66%−24%37%
Net Profit17439157−88185−926062317213460
EPS in Rs0.440.080.61−0.410.32−0.120.840.150.53−0.060.050.12

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
−7%
5 Years
0%
3 Years
7%
TTM
5%
Compounded Profit Growth
10 Years
−5%
5 Years
16%
3 Years
42%
TTM
−44%
Stock Price CAGR
10 Years
11%
5 Years
49%
3 Years
79%
TTM
—
Return on Equity
10 Years
−8%
5 Years
−6%
3 Years
2%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
72.57%
0 pts in a year
FIIs
3.5%
+0.98 pts in a year
DIIs
1.66%
+0.05 pts in a year
Government
2.12%
−0.38 pts in a year
Public
20.14%
−0.67 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 40.1xEPS (12 months) ₹ 1.48Median P/E 7.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
IFCI₹ 59.00₹ 15,972 Cr.40.1x1.9x2%—
Bajaj Finance₹ 927.00₹ 5,77,146 Cr.25x5.8x18.1%23.7%
Shriram Finance₹ 867.00₹ 2,04,004 Cr.13.9x3x16.4%20.9%
Jio Financial Services₹ 205.00₹ 1,35,364 Cr.95.5x1.2x—49.8%
Tata Capital₹ 307.05₹ 1,30,358 Cr.20.5x3.3x12.3%16%
Power Finance Corporation₹ 316.00₹ 1,04,283 Cr.5.4x1x20.7%29.1%

Management

Rahul Bhave
Chief Executive Officer, Managing Director, Executive Director
Chirag Sapra
Chief Financial Officer
Priyanka Sharma
Compliance Officer, Company Secretary
Manikumar Sivaramakrishnan
Deputy Managing Director, Director
Suneet Shukla
Chief General Manager

Prices are delayed and for information only. Nothing on this page is investment advice.