IRFC

INDIAN RAILWAY FINANCE CORPORATION

Large Cap BSE: 543257 NSE: IRFC
₹21.35
0.1 (0.47%)
As on 09 August, 2022 | 15:16

Indian Railway Finance Corporation Share Price

Indian Railway Finance Corporation Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

Indian Railway Finance Corporation Share Returns

  • Over 1 Month 7.02%
  • Over 3 Month -1.61%
  • Over 6 Month -7.17%
  • Over 1 Year -9.34%

Indian Railway Finance Corporation Key Statistics

P/E Ratio 4.5
PEG Ratio 0.1
Market Cap Cr 27,901
Price to Book Ratio 31.4
EPS 4.7
Dividend 14
Relative Strength Index 69.33
Money Flow Index 75.48
MACD Signal 0.16
Average True Range 0.31

Indian Railway Finance Corporation Investment Rating

  • Master Rating:
  • Indian Railway Finance Corporation has an operating revenue of Rs. 20,298.67 Cr. on a trailing 12-month basis. An annual revenue growth of 29% is outstanding, Pre-tax margin of 30% is great, ROE of 14% is good. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 87 which is a GOOD score indicating consistency in earnings, a RS Rating of 36 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 93 indicates it belongs to a poor industry group of Finance-Investment Mgmt and a Master Score of D is close to being the worst. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Indian Railway Finance Corporation Financials
  • Indicator
  • Mar 2022
  • Dec 2021
  • Sep 2021
  • Jun 2021
  • Mar 2021
  • Oper Rev Qtr Cr
  • 5,931
  • 5,096
  • 4,690
  • 4,582
  • 4,455
  • Operating Expenses Qtr Cr
  • 82
  • 8
  • 27
  • 5
  • 47
  • Operating Profit Qtr Cr
  • 5,849
  • 5,087
  • 4,662
  • 4,579
  • 4,404
  • Depreciation Qtr Cr
  • 5
  • 3
  • 3
  • 3
  • 4
  • Interest Qtr Cr
  • 4,353
  • 3,491
  • 3,157
  • 3,073
  • 2,918
  • Tax Qtr Cr
  • 0
  • 0
  • 0
  • 0
  • 0
  • Net Profit Qtr Cr
  • 1,492
  • 1,594
  • 1,501
  • 1,502
  • 1,483

Indian Railway Finance Corporation Technicals

EMA & SMA

Current Price
21.35
0.1 (0.47%)
  • Bullish Moving Average
  • ___
  • 13
  • Bearish Moving Average
  • ___
  • 3
  • 20 Day
  • 20.75
  • 50 Day
  • 20.71
  • 100 Day
  • 21.16
  • 200 Day
  • 22.19
  • 20 Day
  • 20.64
  • 50 Day
  • 20.47
  • 100 Day
  • 21.18
  • 200 Day
  • 22.19

Indian Railway Finance Corporation Resistance and Support

PIVOT
₹21.3
Resistance
  • First Resistance
  • 21.4
  • Second Resistance
  • 21.55
  • Third Resistance
  • 21.65
Support
  • First Resistance
  • 21.15
  • Second Resistance
  • 21.05
  • Third Resistance
  • 20.9
  • RSI
  • 69.33
  • MFI
  • 75.48
  • MACD Single Line
  • 0.16
  • MACD
  • 0.26

Indian Railway Finance Corporation Delivery and Volume

  • Period
  • NSE + BSE
    Volume Avg
  • NSE + BSE
    Delivery Volume Avg
  • NSE + BSE
    Delivery Volume %
  • Day
  • 3,016,184
  • 162,150,052
  • 53.76
  • Week
  • 4,768,370
  • 253,915,703
  • 53.25
  • 1 Month
  • 3,171,171
  • 161,602,858
  • 50.96
  • 6 Month
  • 6,325,531
  • 312,354,737
  • 49.38

Indian Railway Finance Corporation Result Highlights

Indian Railway Finance Corporation Synopsis

NSE-Finance-Investment Mgmt

Indian Railway Fin is involved in the business activities of Financial and Credit leasing activities. Company’s Total Operating Revenue is Rs. 15770.47 Cr. and Equity Capital is Rs. 13068.51 Cr. for the Year ended 31/03/2021. Indian Railway Finance Corporation Ltd. is a Public Limited Listed company incorporated on 12/12/1986 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65910DL1986GOI026363 and registration number is 026363.
  • Market Cap
  • 27,901
  • Sales
  • 20,299
  • Shares in Float
  • 182.96
  • No of funds
  • 69
  • Yield
  • 6.56
  • Book Value
  • 0.68
  • U/D Vol ratio
  • 1.1
  • LTDebt / Equity
  • 497
  • Alpha
  • -0.05
  • Beta
  • 0.52

Indian Railway Finance Corporation

  • Owner Name
  • Jun-22
  • Mar-22
  • Dec-21
  • Sep-21
  • Promoters
  • 86.36%
  • 86.36%
  • 86.36%
  • Mutual Funds
  • 2.04%
  • 2.02%
  • 2.04%
  • Insurance Companies
  • 1.22%
  • 1.16%
  • 1.16%
  • Foreign Portfolio Investors
  • 1.02%
  • 1.12%
  • 1.09%
  • Financial Institutions/ Banks
  • Individual Investors
  • 8.44%
  • 8.42%
  • 8.46%
  • Others
  • 0.92%
  • 0.92%
  • 0.89%

Indian Railway Finance Corporation Management

  • Name
  • Designation
  • Mr. Amitabh Banerjee
  • Chairman & Managing Director
  • Mr. Shelly Verma
  • Director - Finance & CFO
  • Mr. Baldeo Purushartha
  • Government Nominee Director
  • Mr. Bhaskar Choradia
  • Government Nominee Director

Indian Railway Finance Corporation Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Indian Railway Finance Corporation Corporate Action

  • Date
  • Purpose
  • Remarks
  • 2022-08-10
  • Quarterly Results
  • 2022-05-20
  • Audited Results & Final Dividend
  • 2022-02-10
  • Quarterly Results
  • 2021-11-01
  • Quarterly Results & Interim Dividend
  • 2021-08-13
  • Quarterly Results
  • Date
  • Purpose
  • Remarks
  • 2021-11-11
  • INTERIM
  • Rs.0.77 per share(7.7%)Interim Dividend
  • 2021-02-20
  • INTERIM
  • Rs.1.05 per share(10.5%)Interim Dividend

Indian Railway Finance Corporation MF Shareholding

  • Name
  • Amount(cr)
  • HDFC Balanced Advantage Fund Growth
  • 43079
  • HDFC Flexi Cap Fund Growth
  • 26511
  • L&T Midcap Fund Growth
  • 6022
  • HDFC Large and Mid Cap Fund Growth
  • 5817
  • Nippon India Value Fund - Growth
  • 4100

About Company

Indian Railways, the Ministry of Railways, and the Government of India own the Indian Railway Finance Corporation (IRFC). Across capital markets and other borrowings, it generates funds for expansion and operation. 

The ultimate focus of IRFC is to use market borrowings to cover the majority of the Indian Railways' 'Extra Budgetary Resources (EBR) requirements with the most competitive prices and conditions. The Company's primary activity is to borrow money from the financial markets to support the purchase or construction of assets that are subsequently leased to the Indian Railways. As of March 31, 2017, IRFC's total funding to the rail industry had surpassed INR 1.80 lakh crore and is on track to exceed INR 2.20 lakh crore by the end of March 2018. 

The funds will purchase rolling stock and improve infrastructure. It has so far sponsored the purchase of 8998 locomotives, 47910 passenger coaches, and 2,14,456 waggons, accounting for around 70% of Indian Railways' entire rolling equipment fleet. Since 2011-12, IRFC has been involved in financing railway projects and performance improvement initiatives. By 2019-20, the Company would also be responsible for financing Railway Projects via Institutional Finance to INR 1.50 lakh crore. 

Rail Vikas Nigam Limited (RVNL), RailTel, Konkan Railway Corporation Limited (KRCL), Pipavav Railway Corporation Limited (PRCL), and other organizations in the railway sector have received IRFC loans. IRFC's constant effort to broaden its lending portfolio in terms of instruments, markets, and investors has resulted in the Company meeting its aimed borrowings year after year through the issuance of both taxable and tax-free bonds, term loans from banks/financial institutions, and offshore borrowings, all at competitive market rates. 
 

OBJECTIVES

1. Generate funds via market borrowings from local and international capital markets at the most competitive rates and conditions, following the Ministry of Railways' yearly objectives.
2. To investigate the use of new and diversified vehicles for obtaining cash to lower the company's borrowing costs.
3. To provide finance promptly for the procurement of Rolling Stock assets for MOR's usage.
4. MOR's large scale and various operations enable it to efficiently deliver customised professional services at a competitive cost, one of its commercial advantages.
5. To look into the prospect of CPSEs and other organisations being able to fund the construction of rail infrastructure to ensure future development and profitability.
6. Use derivatives and other developing products wisely for risk mitigation at the right time and right price.

IRFC follows the above-mentioned objectives to make itself one of the country's leading financial service companies. To become a company that gathers funds from the capital market at a low cost to enhance railway plan finances and guarantee that the Corporation generates the most profit possible.

Company History

Indian Railway Finance Corporation Limited was established as a public limited company on December 12, 1986. On December 23, 1986, the RoC issued the Company a certificate of the beginning of the operation. The MCA categorised the Company as a Public Financial Institution under Section 4(A) of the Companies Act 1956 (currently specified in Section 2(72) of the Companies Act 2013) in a notification dated October 8, 1993. Following that, the Company was incorporated with the RBI under Section 45-IA of the RBI Act to operate as a non-banking financial institution that does not take public deposits, with a registration certificate bearing No.14.00013 dated February 16, 1998.

The RBI categorised the firm as a non-deposit taking asset financing non-banking financial company via a new registration certificate bearing No.14.00013 dated March 17, 2008. Following that, RBI reclassified the company as an NBFC-ND-IFC by a revised certificate number B-14.00013 dated November 22, 2010.

Its primary business is financing the procurement of rolling stock assets, which include both powered and unpowered vehicles such as locomotives, coaches, waggons, trucks, flats, electric multiple units containers, cranes trollies of all kinds, and other rolling stock components as identified in the Standard Lease Agreement (collectively 'Rolling Stock Assets'), as well as renting of railway infrastructure assets and national projects of the Government of India (collectively 'P'). 

The Company is in charge of raising funds required for such initiatives. The firm has contributed significantly to the capacity improvement of the Indian Railways over the previous three decades by funding a percentage of its yearly plan expenditure.

The Company is designated as an "Infrastructure Finance Company" by Section 45-IA of the Reserve Bank of India Act 1934 and registered as an NBFC (Systematically Important) with the Reserve Bank of India. For the Rolling Stock Assets, the Company uses a financial leasing arrangement. Except otherwise agreed upon by mutual consent, the lease length for Rolling Stock Assets is usually 30 years, with the main period of 15 years prompted through the second period of 15 years.

The primary amount applicable to the leased assets and the total average cost of borrowing along with a margin defined by the MOR in collaboration with the firm at the end of each fiscal year is effectively due during the first 15-year lease period. The total average cost of borrowing often includes any charges spent by the corporation on foreign currency hedging costs and/or losses (and profits, if any) and any hedging costs for interest rate fluctuations.

The firm charges the Indian Railways a nominal amount for the next 15 years, subject to adjustment on mutually agreeable circumstances. The Company also uses a leasing strategy for Project Assets, with 30-year lease durations being the norm.

Indian Railway Finance Corporation FAQs

What is Share Price of Indian Railway Finance Corporation ?

Indian Railway Finance Corporation share price is ₹21 As on 09 August, 2022 | 15:02

What is the Market Cap of Indian Railway Finance Corporation ?

The Market Cap of Indian Railway Finance Corporation is ₹27901.3 Cr As on 09 August, 2022 | 15:02

What is the P/E ratio of Indian Railway Finance Corporation ?

The P/E ratio of Indian Railway Finance Corporation is 4.6 As on 09 August, 2022 | 15:02

What is the PB ratio of Indian Railway Finance Corporation ?

The PB ratio of Indian Railway Finance Corporation is 0.7 As on 09 August, 2022 | 15:02

What is IRFC?

Indian Railway Finance Corporation is owned by Indian Railways, which is part of the Ministry of Railways of the Government of India. Through capital markets and other borrowings, it generates financial resources for expansion and operation. IRFC is an Indian public sector undertaking with a Miniratna/Schedule "A" status.

Is it profitable to invest in IRFC?

For the third quarter ending December 31, the Indian Railway Finance Corporation (IRFC) recorded a 15% rise in net profit. The IRFC recorded a 15.65% rise in net profit for the nine months ending December 31.

Is it time to accumulate IRFC or exit by booking losses?

On the technical chart, the stock exhibited a little turnaround, but it could not go higher in the most recent session.
So, if you're looking for a multi-bagger, you can get out of the stock. However, you can continue to invest in the company if you desire a fair upside with consistent dividend payments.

How does the IRFC make money?

IRFC borrows money from the market and loans it to Indian Railways for expansion, operational operations, and other objectives based on a government guarantee. Indian Railways will continue to pay interest to the IRFC.

Is there going to be a bonus from IRFC?

So yet, no incentive has been offered by the Indian Railway Finance Corporation. There is no information available for IRFC (Indian Railway Finance Corporation).

Who is the owner of IRFC?

Indian Railways, the Ministry of Railways, and the Government of India own the Indian Railway Finance Corporation (IRFC). It was founded on 12 December 1986, with headquarters in New Delhi, India.

What does IRFC stand for?

Owned by the Indian Railways, IRFC stands for Indian Railway Finance Corporation. Via capital markets and other borrowings, it generates financial resources for expansion and operation.

Q1FY23