Tourism Finance Corporation of India
- Market cap
- ₹ 6,833 Cr.
- P/E
- 84.9x
- P/B
- 5.3x
- 52-week range
- 51 – 161.95
- ROE
- 10%
- Dividend yield
- 0.4%
- Debt / equity
- 0.82
- Sector
- Finance
- Industry
- Financial Institution
- Listed on
- NSE, BSE
About
Tourism Finance Corporation of India Limited is a specialized financial institution and non-banking finance company. Its principal business is providing Rupee Finance by means of loans and debt investments. The Company provides finance to educational institutions, healthcare institutions, non-banking finance companies, the real-estate sector engaged in affordable/middle class housing development, and other services, such as logistics, warehousing, renewable energy and manufacturing sectors. The Company offers advisory and consultancy services to tourism area potential services, tourism master plan development, disinvestment services for central and state governments and government departments, project feasibility reports, market survey and marketing tie-ups of tourism projects for both private and public sectors, and debt syndication and investment banking. It also offers digital personal loans. It provides term loans for setting up restaurants, food courts, and banquets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Financial Institution: 9 companies →Tourism Finance Corporation of India 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)84.9 against a typical 13.8: pricier than most peers (1st = cheapest).7th of 8
- Sales growth+26.6% against a typical +14% from a year earlier.1st of 7
- Profit growth+96.8% against a typical +0.9% from a year earlier.1st of 7
- Share price, 3 months+56.6% against a typical −19.9%.1st of 8
- Size₹ 6,832.9 Cr. market value against a typical ₹ 11,402.4 Cr. (1st = largest).4th 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
Adequate safety, with caution
Rated AA- to A by 4 agencies- The agencies don't fully agree: Infomerics says AA-, CARE says A.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR AA- | Stable | 14 Oct 2026 |
| CARE | CARE A | Stable | 19 Aug 2026 |
| Acuite | ACUITE A+ | Stable | 6 Aug 2026 |
| Brickwork | BWR AA- | Stable | 2 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 14 Oct 2026 | Reaffirmed | IVR AA- | — | Infomerics | ₹ 575 Cr. | |
| 19 Aug 2026 | Reaffirmed | CARE A | — | CARE | ₹ 175 Cr. | |
| 6 Aug 2026 | Reaffirmed | ACUITE A+ | — | Acuite | ₹ 950 Cr. | |
| 2 Jun 2026 | ▲ Upgrade | BWR AA- | — | Brickwork | ₹ 175 Cr. | |
| 22 Dec 2025 | Reaffirmed | ACUITE A+ | — | Acuite | ₹ 950 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 20 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 13 May 2026 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended March 31, 2026, dividend and Fund Raising |
| 30 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 4 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 10 Jul 2025 | Stock Split | To consider stock split of equity shares |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 58 | 67 | 58 | 62 | 65 | 57 | 68 | 64 | 66 | 70 | 74 | 81 |
| Interest | 26 | 26 | 26 | 24 | 26 | 26 | 24 | 22 | 23 | 24 | 24 | 26 |
| Expenses | 8 | 5 | 7 | 6 | 6 | 10 | 9 | 6 | 6 | 6 | 9 | 11 |
| Financing Profit | 24 | 36 | 25 | 32 | 32 | 21 | 35 | 36 | 37 | 40 | 41 | 44 |
| Financing Margin % | 42% | 54% | 43% | 52% | 50% | 36% | 52% | 57% | 55% | 57% | 55% | 55% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 2 | 0 | 1 | 0 | 34 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 24 | 36 | 25 | 32 | 32 | 28 | 36 | 38 | 37 | 40 | 41 | 78 |
| Tax % | 21% | 24% | 17% | 20% | 21% | 18% | 17% | 20% | 21% | 21% | 21% | 22% |
| Net Profit | 19 | 28 | 20 | 25 | 26 | 23 | 30 | 31 | 29 | 32 | 32 | 61 |
| EPS in Rs | 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 % | 3.8% | 2.2% | 2.8% | 2.8% | 2.8% | 5.6% | 3.2% | 0.2% | 0.2% | 0.4% | 0.4% | 0.4% |
| Net NPA % | 2.8% | 1.4% | 1.5% | 1.5% | 1.6% | 3.9% | 1.6% | — | — | — | — | — |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 1%
- 3 Years
- 6%
- TTM
- 15%
- 10 Years
- 9%
- 5 Years
- 9%
- 3 Years
- 12%
- TTM
- 41%
- 10 Years
- 31%
- 5 Years
- 60%
- 3 Years
- 84%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 9%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Tourism Finance Corporation of India | ₹ 157.51 | ₹ 6,833 Cr. | 84.9x | 5.3x | 10% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Shriram Finance | ₹ 867.00 | ₹ 2,04,004 Cr. | 13.9x | 3x | 16.4% | 20.9% |
| Jio Financial Services | ₹ 205.00 | ₹ 1,35,364 Cr. | 95.5x | 1.2x | — | 49.8% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
Management
- Anoop Bali
- Managing Director, Executive Director, Chief Financial Officer
- Sanjay Ahuja
- Company Secretary, Compliance Officer
Prices are delayed and for information only. Nothing on this page is investment advice.