MarketFriction

IFCI Ltd

NSE IFCI · BSE 500106 · Financial Institution
₹65.14 -5.28%
NSE close2026-10-01
52 week range46.23 - 107.50
Market cap₹19,122 Cr.
P/E107
Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 26.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
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
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue4,4653,5824,3222,8212,8802,0821,5561,6991,9882,0212,0771,988
Interest2,5992,3802,1441,8031,4511,147943642571535416416
Expenses1,5091,8501,7141,9621,4632,9612,1089867156941,0971,021
Financing Profit357-647463-944-34-2,026-1,49672702793564551
Financing Margin %8%-18%11%-33%-1%-97%-96%4%35%39%27%28%
Other Income168993831121143928130404650
Depreciation246163638172667481838685
Profit before tax501-609439-696-94-2,085-1,52326751749524517
Tax %24%-47%5%-32%137%-8%16%559%68%53%17%
Net Profit394-308418-476-223-1,912-1,761-120241349435433
EPS in Rs2.18-2.272.26-2.88-1.36-10.24-8.71-0.950.470.630.670.64
Dividend Payout %46%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-7%0%7%5%
Compounded Profit Growth-6%16%41%-44%
Stock Price CAGR10%40%43%31%
Return on Equity-8%-6%2%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,6621,6621,6621,6961,6961,6961,8962,1032,1962,4902,6942,694
Reserves5,5615,6395,2084,1933,6613,5531,8427151,5712,0455,9966,250
Borrowing26,76728,59823,91920,66516,39412,56611,0417,0956,0205,3673,7143,523
Other Liabilities2,9803,2473,4934,2444,2914,6235,5855,5747,1529,01613,31914,103
Total Liabilities36,97039,14634,28230,79826,04222,43920,36415,48716,93918,91825,72426,570
Fixed Assets1,9351,8601,8231,7211,7011,7201,7621,7411,7641,7341,7001,486
CWIP4632149161113230
Investments6,3306,8605,1507,3635,5803,9635,5046,5417,7008,67815,32315,081
Other Assets28,70030,42027,30621,71218,76016,75213,0897,1907,4648,4938,67810,004
Total Assets36,97039,14634,28230,79826,04222,43920,36415,48716,93918,91825,72426,570
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity263-5802-972444635-438-257-33612-984280
Cash from Investing Activity777-8195-23-33-103-30-59-155-7025
Cash from Financing Activity-409-316-2943-23419619373465404415-149
Net Cash Flow-138-245765-734186798-348-21370261-638156
Free Cash Flow27071794-1,003405603-545-288-383-24-1,011313
CFO/OP14%5%49%-35%63%48%50%46%-39%6%-71%36%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %7%4%-6%6%-12%-4%-43%-56%-6%2%3%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters70.32%70.32%70.32%71.72%71.72%71.72%72.57%72.57%72.57%72.57%72.57%72.57%
FIIs1.87%2.08%2.29%2.40%2.54%2.60%2.73%2.52%2.60%2.58%2.65%3.50%
DIIs2.01%2.02%2.03%1.93%1.67%1.64%1.60%1.61%1.62%1.62%1.64%1.66%
Government4.03%4.02%3.99%3.34%3.04%2.98%2.86%2.50%2.33%2.32%2.21%2.12%
Public21.76%21.57%21.37%20.61%21.03%21.05%20.23%20.81%20.88%20.88%20.90%20.14%
No. of Shareholders5,41,9375,85,6708,26,0798,76,3189,79,1729,97,6989,97,75810,20,4939,85,9879,58,7069,65,9829,57,179

Fundamentals

Market Cap₹ 19,122 Cr.
Current Price₹ 71.0
Stock P/E107
Book Value₹ 33.2
ROCE4.90 %
ROE1.97 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-44%
Consolidated figures.
Valuation
Market capRs 17,551 Cr
Enterprise valueRs 13,972 Cr
P/E (TTM)100.60x
Price to book1.96x
Price to sales8.83x
EV / EBITDA13.73x
EV / EBIT14.98x
EV / sales7.03x
Price to cash flow62.74x
Earnings yield0.99%
P/E, 3-year average78.13x
P/B, 3-year average1.65x
P/E, 5-year average78.13x
P/B, 5-year average1.27x
Profitability
Operating margin (excl. other income)47.18%
Operating margin (incl. other income)49.40%
EBITDA margin51.18%
Pre-tax margin26.02%
Net profit margin8.77%
Net margin, latest quarter10.25%
ROE2.05%
ROCE7.56%
ROA0.69%
ROE, 3-year average2.38%
ROCE, 3-year average10.84%
ROA, 3-year average0.68%
ROE, 5-year average-11.01%
ROCE, 5-year average6.92%
ROA, 5-year average-1.89%
ROIC (approx.)14.42%
Tax rate17.07%
Other income / net worth0.52%
Growth
Sales growth (latest year)2.76%
Profit growth (latest year)5.75%
Sales CAGR, 3 years6.92%
Sales CAGR, 5 years-0.05%
Sales growth QoQ-30.48%
Profit growth QoQ153.56%
Sales growth YoY (latest quarter)-19.68%
Profit growth YoY (latest quarter)-16.10%
Per share
EPS (TTM)Rs 0.65
EPS (latest year)Rs 0.67
EPS (latest quarter)Rs 0.12
EPS, 3-year averageRs 0.57
EPS, 5-year averageRs -1.59
Book value per shareRs 33.20
Sales per shareRs 7.38
Cash flow per shareRs 1.04
Free cash flow per shareRs 1.16
Efficiency
Asset turnover0.08x
Fixed asset turnover1.40x
Inventory turnover3.04x
Inventory days120 days
Debtor days34 days
Debtors turnover10.61x
Leverage
Total debtRs 3,523 Cr
Cash and bankRs 7,102 Cr
Net debtRs -3,579 Cr
Debt to equity0.39x
Net debt / EBITDA-3.52x
Interest coverage2.24x
Owners' fund to total sources33.66%
Debt to assets13.26%
Cash flow
Cash from Operating Activity (latest year)Rs 280 Cr
Cash from Investing Activity (latest year)Rs 25 Cr
Cash from Financing Activity (latest year)Rs -149 Cr
Net Cash Flow (latest year)Rs 156 Cr
Free cash flow (latest year)Rs 313 Cr
FCFE (approx.: FCF + change in debt)Rs 122 Cr
Sales to cash flow7.43x
Statement figures
Net sales (TTM)Rs 1,988 Cr
Net sales (latest year)Rs 2,077 Cr
Sales (latest quarter)Rs 327 Cr
Operating profit excl. other income (latest year)Rs 980 Cr
Operating profit (latest quarter)Rs 189 Cr
Other income (TTM)Rs 50 Cr
EBITDA (TTM)Rs 1,017 Cr
PBDT (TTM)Rs 602 Cr
Profit before tax (TTM)Rs 517 Cr
Tax (latest year)Rs 90 Cr
Net profit (TTM)Rs 174 Cr
Net profit (latest year)Rs 181 Cr
Net profit (latest quarter)Rs 34 Cr
Depreciation (TTM)Rs 85 Cr
Depreciation (latest quarter)Rs 20 Cr
Interest (TTM)Rs 416 Cr
Cost of goods sold (latest year)Rs 207 Cr
Total expenditure (latest year)Rs 1,097 Cr
Total income (latest year)Rs 2,123 Cr
Share capitalRs 2,694 Cr
ReservesRs 6,250 Cr
Shareholders' fundsRs 8,944 Cr
Total assetsRs 26,570 Cr
Net blockRs 1,486 Cr
InvestmentsRs 15,081 Cr
ReceivablesRs 196 Cr
InventoryRs 68 Cr
Other liabilitiesRs 14,103 Cr
Shares outstanding (crore)269.43
Ownership
Promoter holding72.57% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 100.6 is at the 54th percentile of its own 3.4-year range (median 48.9, low 6.9, high 227.0).
P/B 1.96 is at the 78th percentile (median 0.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIFCINifty 50Difference
1 week-13.4%-2.8% -10.6 pts
1 month-25.3%-6.8% -18.6 pts
3 months-14.2%-7.6% -6.6 pts
6 months+36.0%+0.4% +35.6 pts
1 year+18.2%-9.9% +28.1 pts
2 years-7.8%-13.6% +5.7 pts
3 years+167.0%+14.2% +152.8 pts
5 years+399.2%+27.9% +371.3 pts
29 mutual fund schemes hold about ₹28 Cr. Over three months 29 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Nifty Smallcap 250 Index Fund0.27%10 +34%
SBI Nifty Smallcap 250 Index Fund0.27%5 +34%
Motilal Oswal Nifty Smallcap 250 Index Fund0.27%4 +34%
ICICI Pru Nifty Smallcap 250 Index Fund0.27%2 +35%
HDFC NIFTY Smallcap 250 Index Fund0.27%2 +35%
Nippon India Nifty 500 Equal Weight Index Fund0.24%1 +47%
JioBlackRock Nifty Smallcap 250 Index Fund0.27%1 +34%
Motilal Oswal Nifty 500 Index Fund0.03%1 +34%
Edelweiss Nifty Smallcap 250 Index Fund0.27%1 +35%
Groww Nifty Smallcap 250 Index Fund0.27%0 +34%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.07%0 +37%
Bandhan Nifty Smallcap 250 Index Fund0.27%0 +35%
Kotak Nifty Smallcap 250 Index Fund0.27%0 +35%
SBI Nifty 500 Index Fund0.03%0 +34%
Kotak BSE PSU Index Fund0.28%0 +41%
Groww Nifty Total Market Index Fund0.03%0 +36%
Axis Nifty 500 Index Fund0.03%0 +34%
HDFC BSE 500 Index Fund0.03%0 +29%
DSP Nifty Smallcap 250 Index Fund0.27%0 +34%
ICICI Pru Nifty 500 Index Fund0.03%0 +40%
UTI Nifty 500 Index Fund0.03%0 +100%
Angel One Nifty Total Market Index Fund0.03%0 +36%
Zerodha Nifty MidSmallcap400 50:50 Index Fund0.14%0 +33%
Navi Nifty 500 Multicap 50:25:25 Index Fund0.07%0 +39%
Motilal Oswal BSE 1000 Index Fund0.03%0 +35%

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was -152% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-02-28Government of Indiathrough PresidePromotersother80,723,280Rs 500.00 CrPreferential Offer
2024-04-19Govt. of India (Through President Promotersother123,977,188Rs 500.00 CrPreferential Offer
2023-04-27Govt. of India (Through President Promotersother293,685,756Rs 400.00 CrPreferential Offer
2021-04-23GOVERNMENT OF INDIAPromotersother145,985,401Rs 200.00 CrPreferential Offer
2018-03-31President of IndiaPromotersother33,955,857Rs 100.00 CrPreferential Offer
2018-03-31President of IndiaPromotersother33,955,857Rs 100.00 CrPreferential Offer
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹327 Cr -19.7% vs Jun 2025. Net profit ₹60 Cr -3.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-12-13Annual General Meeting
2022-12-14Annual General Meeting
2021-12-09 Annual General Meeting
2020-12-14 Annual General Meeting
2019-10-22 Annual General Meeting
2018-09-19 Annual General Meeting
2017-10-18 Annual General Meeting
2016-09-20 Annual General Meeting
2016-02-17 Interim Dividend Re.1/- Per Share (Purpose Revised)
2015-09-11 Annual General Meeting/Dividend Re 0.50 Per Share
2015-03-02Interim Dividend - Re 1 Per Share (Purpose Revised)
2014-08-13Annual General Meeting / Dividend - Re 1/- Per Share
2013-10-31Annual General Meeting/Dividend Re 1/- Per Share
2012-07-05Annual General Meeting And Dividend Re.1/- Per Share
2011-08-30Annual General Meeting And Dividend Re.1/- Per Share
2010-09-06Annual General Meeting And Dividend Re.1/- Per Share
2009-09-03Agm/Div-Re.0.80 Per Share
2008-09-01Annual General Meeting
2007-09-10Agm
2006-08-11Agm
DateTypeWhat it says
2026-09-25RetirementRetirement of Prof. Narayanaswamy Balakrishnan as Non-Executive, Non Independent Director of the Company w.e.f. September 25, 2026.
2026-09-25Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-16AddendumAddendum to the Notice of 33rd Annual General Meeting (AGM) scheduled on September 25, 2026.
2026-09-15AppointmentAppointment of Mr Dilip Singh Punia (DIN: 11943788) as Non- Executive Independent Director of the company w.e.f. September 11, 2026.
2026-09-14Credit Rating- OthersCredit Rating Reaffirmed - ICRA Limited
2026-09-08AppointmentAppointment of M/s Dhawan & Co as Statutory Auditor of the company for FY 2026-27 w.e.f. September 08, 2026.
2026-09-02Record DateRecord date (Book Closure from September 19, 2026 to September 25, 2026) for the purpose of the Annual General Meeting.
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-18Credit Rating- OthersCredit Rating - Reaffirmation of Credit Rating - CARE Edge Rating Limited
2026-08-11Board meeting outcomeIFCI Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-17Price movementSignificant movement in price has been observed in IFCI Limited. The Exchange, in order to ensure that investors have latest relevant information abou...
2026-06-16Price movementSignificant movement in price has been observed in IFCI Limited. The Exchange, in order to ensure that investors have latest relevant information abou...
2026-06-05Disclosure under SEBI TakeovS. K. Singh, Under Secretary to the Govt. of India, Ministry Of Finance, Department of Financial Services has Submitted to the Exchange a copy of Disc...
2026-05-10CessationCessation of Shri Umesh Kumar Garg as Non- Executive Independent Director of the company w.e.f. May 10, 2026.
2026-04-28Board meeting outcomeIFCI Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-06AppointmentAppointment of Shri Manikumar Sivaramakrishnan as Deputy Managing Director (DMD) of the company w.e.f. April 06, 2026.
2026-03-29LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-03-16Volume querySignificant increase in volume has been observed in IFCI Limited. The Exchange, in order to ensure that investors have latest relevant information abo...
2026-03-13Volume querySignificant increase in volume has been observed in IFCI Limited. The Exchange, in order to ensure that investors have latest relevant information abo...
2026-02-28Registrar & Share Transfer ARegistrar & Share Transfer Agent Update
2026-02-28Change in ManagementChange in Management - Re-appointment of Chief Risk Officer (CRO) of the Company
2026-01-29Board meeting outcomeIFCI Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-21Price movementSignificant movement in price has been observed in IFCI Limited. The Exchange, in order to ensure that investors have latest relevant information abou...
2026-01-20Price movementSignificant movement in price has been observed in IFCI Limited. The Exchange, in order to ensure that investors have latest relevant information abou...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-2810
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-11NCLTIFCI Ltd Vs Ram Kishor Arora
2021-08-10NCLTM/s. IFCI Ltd. Vs Sangita Arora
2021-08-06NCLTIFCI Ltd Vs Kumars Metallurgical Corporation Ltd Vs
2021-07-30NCLTIFCI Limited Vs VBC Industries Ltd Vs
2021-07-09NCLTIFCI Ltd Vs Kumars Metallurgical Corporation Ltd Vs
2021-07-06NCLTIndian Turpentine & Rosin Co. Ltd Vs IFCI Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 100perc in previous 6 months
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03