1. Indian Railway Finance Corp
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Indian Railway Finance Corp Share Price

IRFC

₹149.34-₹4.06 (-2.65%) TodayLast updated on 29 Nov, 2024 | 15:59 IST

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  • About Indian Railway Finance Corp
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About Indian Railway Finance Corp

Indian Railway Finance Corp Financials

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Market cap
Market Cap Switch₹1,95,165 Crs
Open
₹152.99
Close
₹153.40
Circuit range
₹164.27 - ₹134.40
Day range
₹148.80 - ₹152.99
Year range
₹74.60 - ₹229.00
Volume
1,85,76,066
Avg. traded
₹149.95
Revenue (12m)
₹26,865 Crs
Indian Railway Finance Corp

Set up in December 1986, the Indian Railway Finance Corporation (IRFC) is a public sector undertaking (PSU) with the government owning a majority stake.

IRFC, the financing arm of the Indian Railways, arranges funds from domestic and overseas markets to meet requirements, beyond budgetary allocations. In more than three decades of its existence, IRFC has played a key role in supporting the expansion and modernisation of the Indian Railways. The primary operations of the company include financing the acquisition of rolling stock assets, leasing of railway infrastructure assets and national projects. IRFC also provides lending to various entities of the Railway Ministry.

The company borrows funds from the financial markets to fund the acquisition or creation of assets, which are then leased out to the Indian Railways. The cumulative funding by IRFC to the railway sector crossed ₹5.04 lakh crore in FY2022. It has funded acquisition of 13764 locomotives, 76735 passenger coaches, and 265815 wagons, which constitute around 75% of the total rolling stock fleet of Indian Railways.

The Railway Ministry PSU has a market capitalisation of ₹100,078 crore as on December 9, 2023. The government held an 86.36% stake in the company as on September 30, 2023.

IRFC was listed on the bourses after launch on its IPO in January 2021. IRFC share price has surged more than 228% since its listing on the bourses, as of December 11, 2023.

Business segments of IRFC

Leasing Operations

This remains the primary business segment of IRFC, contributing a significant portion of its revenue. IRFC uses a leasing approach to fund Indian Railways' rolling stock and project assets, including locomotives, coaches, wagons, trucks, flats, electric multiple units (EMUs), containers, cranes, trolleys, and other rolling stock components.

The company’s lease term is essentially 30 years – a primary component of 15 years and a secondary of 15 years.

During the primary lease period, the principal component and interest are recovered as part of the lease. During the secondary lease period of 15 years, IRFC receives a nominal rent.

After secondary lease period assets are normally transferred to the Railway Ministry at a nominal amount. It has a cost-plus leasing agreement with the Ministry of Railways, which ensures consistent growth in its income and profitability. The Ministry pays half-yearly lease rentals, which include both principal repayment and interest.

The company provides funds to Indian Railways’ entities like Rail Vikas Nigam Ltd (RVNL), Rail Land Development Authority and Railtel Corporation of India.

Borrowing operations

IRFC raises funds through various sources at very competitive rates. The source of funds include taxable and tax-free bonds issuances, term loans from banks and financial institutions, commercial papers, external commercial borrowings and asset securitisation. Due to its strong credit ratings, it gets funds at significantly low cost. As of March 31, 2023, the company borrowed funds of ₹1,84,531 crore, which included ₹1,59,041 crore in term loans and ₹71,738 crore in external borrowing.

Financial highlights

• In FY23, IRCF’s total income surged 17.7% to ₹23,891.27 crore from ₹20,298.27 crore in FY22. • The total expenditure was at ₹49,450.6 crore, up 11% from ₹44,399.87 crore in the year before. • The profit before tax increased 4% to ₹6,337.01 crore from ₹6,090.15 crore. • There was also a 4% jump in IRFC’s net profit at ₹6,337.01 crore as against ₹6089.84 crore in FY 2021-22. • Earnings per share increased to ₹4.85 in FY23 from ₹4.66 in the previous financial year.

Indian Railway Finance Corp Key indicators

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52 week high
₹229.00
52 week low
₹74.60
P/E ratio
30.01
P/B ratio
3.73
ROE
13.66%
ROCE
5.73%
Dividend yield
1.02%
Debt/Equity ratio
8.38
EPS
4.91

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Investment checklist: (2/6)
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Analyst ratings:

Sell

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Buy

0%

Hold

0%

Sell

100%

This analysis is based on the reviews of 1 experts in the last 7 days

Indian Railway Finance Corp Fundamentals

Indian Railway Finance Corp Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

99.54%

Net profit margin

24.07%

ROE

13.66%

ROA

1.31%

ROCE

5.73%

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Revenue statement

All values are in ₹ Crores (Cr)
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  • Revenue

  • Operating profit

  • Net profit

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Cash flow

All values are in ₹ Crores (Cr)
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  • Operating

  • Investing

  • Financing

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Balance sheet

All values are in ₹ Crores (Cr)
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Total assets

Total liabilities

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Indian Railway Finance Corp Share Price history

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DayOpenCloseChange %
Fri, Nov 29 2024
₹152.99
₹149.34
-2.65%
Thu, Nov 28 2024
₹151.28
₹153.40
+1.93%
Wed, Nov 27 2024
₹146.69
₹150.49
+2.59%
Tue, Nov 26 2024
₹146.31
₹146.69
+0.26%
Mon, Nov 25 2024
₹149.00
₹146.31
+2.93%
Fri, Nov 22 2024
₹141.67
₹142.15
+0.34%
Thu, Nov 21 2024
₹145.21
₹141.67
-2.42%
Tue, Nov 19 2024
₹140.30
₹145.18
+4.98%

Indian Railway Finance Corp Shareholding Pattern

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Promoters (86.36%)

Mutual Funds (0.15%)

Retail and other (11.46%)

Foreign institutions-FII (1.09%)

Other domestic institutions (0.93%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹0.8/share

    Ex date 12 Nov 2024

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  • Dividend • ₹0.7/share

    Ex date 22 Aug 2024

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  • Dividend • ₹0.8/share

    Ex date 10 Nov 2023

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  • Dividend • ₹0.7/share

    Ex date 15 Sep 2023

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  • Dividend • ₹0.8/share

    Ex date 17 Nov 2022

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  • Dividend • ₹0.63/share

    Ex date 15 Sep 2022

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  • Dividend • ₹0.77/share

    Ex date 10 Nov 2021

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FAQs on Indian Railway Finance Corp

What is the Indian Railway Finance Corp share price today?

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Indian Railway Finance Corp share price is ₹ 149.34 today.

What is today’s high & low share price of Indian Railway Finance Corp?

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Indian Railway Finance Corp share price high: ₹ 152.99 and low: ₹ 148.80

What is the Indian Railway Finance Corp share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 229.00 and Low Price is ₹ 74.60

What is the Indian Railway Finance Corp Stock Symbol?

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The Indian Railway Finance Corp Stock symbol is IRFC.

Can I buy Indian Railway Finance Corp shares on Holidays?

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No, shares of Indian Railway Finance Corp or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Indian Railway Finance Corp shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.