IFCI Ltd.

NSE: IFCI · Financial Institution

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Snapshot

Unlock IFCI Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

IFCI Limited is a non-banking financial institution that provides project and corporate finance across diverse sectors including infrastructure, power, and manufacturing. It also offers a broad suite of financial services, including advisory, asset resolution, stock broking, and merchant banking.

Business Model

The company generates revenue through interest income from long-term project and corporate loans, as well as fee-based income from advisory services, debt trusteeship, and financial distribution products. It leverages its position as a long-standing development finance institution to provide structured debt and mezzanine financing solutions.

Growth Outlook

Growth is driven by continued participation in India's infrastructure development, including renewable energy and urban smart city projects. The company also aims to expand its fee-based income through its diversified portfolio of financial and advisory services.

Key Risks

  • Asset Quality Risk. High exposure to long-term infrastructure projects increases the vulnerability to non-performing assets and cyclical economic downturns.
  • Interest Rate Risk. Fluctuations in interest rates can significantly impact the net interest margins and the cost of borrowing for the company.
  • Regulatory Risk. As a non-banking financial company, IFCI is subject to stringent and evolving regulatory frameworks set by the Reserve Bank of India.
  • Concentration Risk. Significant exposure to capital-intensive sectors like power and infrastructure can lead to liquidity stress if specific sectors underperform.

Price

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Key Metrics

REVENUE

₹2,066 Cr

TTM · consolidated

+10.1%YoY

NET PROFIT

₹435 Cr

TTM · consolidated

+24.7%YoY

EPS

₹0.67

TTM · consolidated

+1.5%YoY

RETURN ON EQUITY

5.0%

TTM · consolidated

+0.6 ppYoY

P/E

109.8x

Q4 FY26 · consolidated

109.8 vs -131.2x5Y avg

NET PROFIT MARGIN

7.2%

Q4 FY26 · consolidated

-55.8 ppYoY

DEBT TO EQUITY

3.8x

Q2 FY20 · standalone

+0.67xYoY

Peers · Financial Institution

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
IFCI Ltd.IFCI
14,040109.7810.1%5.0%+18.0%
Indian Railway Finance Corporation Ltd.IRFC
1,21,53713.1826.0%16.3%-34.7%
REC Ltd.RECLTD
84,2365.665.5%20.4%-12.7%
Housing & Urban Development Corporation Ltd.HUDCO
33,86210.0527.5%21.3%-12.9%
Indian Renewable Energy Development Agency Ltd.IREDA
32,29217.9516.8%-24.5%
Tourism Finance Corporation of India LimitedTFCILTD
3,00715.778.8%9.9%-71.3%

As of Q4 FY26

Financials