Indian Railway Finance

    IRFC
    Defence
    ₹81.09
    price as of 11/9/2026, 5:28:04 pm

    Market cap ₹1.06 L Cr

    P/E
    14.77
    Day range
    ₹80.10 – ₹81.09
    52-week range
    ₹80.10 – ₹137.17
    Volume
    80.28 L
    Open
    ₹80.95
    Prev close
    ₹81.08
    52-week range, adjusted for splits and bonuses
    ₹80.76₹137.17
    10 Sept 202629 Dec 2025
    Index membership & F&O
    NIFTY NEXT 50NIFTY 100NIFTY 200NIFTY 500F&O lot 5,425

    Price history

    6M change -18.30%RSI (14) 25.7 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 47.9% today vs 35.1% average · BSE close ₹81.07

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹80₹88₹96₹104₹1120%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Neutral
    Near-month future
    ₹81.27
    Change
    +0.11%
    Basis over spot
    +₹0.18
    Futures OI (shares)
    9.03 Cr
    OI change
    -0.28%
    Put-call ratio
    0.66
    Max pain
    ₹85
    Resistance (call OI)
    ₹90
    Support (put OI)
    ₹80
    Lot size
    5,425

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    68717375777981838587899193959799102045.0 L90.0 L1.35 Cr1.80 Crspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    14.7
    EPS (TTM)
    ₹5.50
    ROE (FY26)
    12.8%
    Dividend yield
    3.09%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +4.5%
    Profit 3Y CAGR
    +3.4%
    Revenue YoY (Jun 2026)
    +19.5%
    Profit YoY (Jun 2026)
    +10.4%
    Net margin
    23.3%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr2.5K Cr5.0K Cr7.5K Cr10.0K Cr
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • Public
    • DII
    • FII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-1.0L Cr-50.0KCr0 Cr50.0K Cr1.0L Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%4%8%12%16%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr1.5L Cr3.0L Cr4.5L Cr6.0L Cr0.0x3.0x6.0x9.0x12.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Revenue6,7616,7376,4756,7666,9006,7636,7236,9156,3726,6617,3368,261
    Interest5,1815,1044,7255,1555,2495,0954,9965,1244,5444,8125,5246,421
    Expenses34353433383944474910411842
    Financing Profit1,5461,5971,7161,5781,6131,6291,6831,7441,7781,7461,6941,798
    Financing Margin %23%24%26%23%23%24%25%25%28%26%23%22%
    Other Income13301313058-7130
    Depreciation212211111121
    Profit before tax1,5451,5991,7171,5771,6131,6311,6821,7461,7771,8021,6841,927
    Tax %0%0%0%0%0%0%0%0%0%0%0%0%
    Net Profit1,5451,5991,7171,5771,6131,6311,6821,7461,7771,8021,6841,927
    EPS in Rs₹1.18₹1.22₹1.31₹1.21₹1.23₹1.25₹1.29₹1.34₹1.36₹1.38₹1.29₹1.47

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Incorporated in 1986, Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease [1]

    Strengths

    • Company has been maintaining a healthy dividend payout of 34.0%

    Risks

    • Company has low interest coverage ratio.
    • The company has delivered a poor sales growth of 11.6% over past five years.
    • Tax rate seems low
    • Company has a low return on equity of 13.0% over last 3 years.
    • Company might be capitalizing the interest cost
    • Company has high debtors of 5,136 days.

    Compounded Sales Growth

    10 Years
    +14%
    5 Years
    +12%
    3 Years
    +5%
    TTM
    +5%

    Compounded Profit Growth

    10 Years
    +24%
    5 Years
    +10%
    3 Years
    +3%
    TTM
    +8%

    Stock Price CAGR

    10 Years
    —
    5 Years
    +29%
    3 Years
    -1%
    1 Year
    -35%

    Return on Equity

    10 Years
    +13%
    5 Years
    +14%
    3 Years
    +13%
    Last Year
    +13%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter86.36%86.36%84.65%82.90%-1.75 pp
    FII0.97%0.98%1.16%1.17%+0.01 pp
    DII1.48%1.54%2.89%3.98%+1.09 pp
    Public11.17%11.10%11.29%11.94%+0.65 pp

    Filed with NSE for Jun 2026: promoters 82.90%, public 17.10% · XBRL filing

    Analysts & fund holdings

    0%
    0% recommend buy
    1 analysts cover the stock
    Valuation vs Diversified Financial Services
    P/E14.8 vs 16.6
    Sector P/B2.14
    Beta1.45

    Who holds the shares, quarter by quarter

    Mutual funds 0.30% (+0.03 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters82.9%
    • Foreign institutions1.2%
    • Mutual funds0.3%
    • Insurance3.6%
    • Other domestic institutions0.1%
    • Retail10.1%
    • Others1.9%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    ICICI Pru Nifty Next 50 Index Fund0.06%0.66%-0.08 pp
    UTI Nifty Next 50 Index Fund0.04%0.66%-0.08 pp
    HDFC NIFTY Next 50 Index Fund0.02%0.66%-0.08 pp
    SBI Nifty Next 50 Index Fund0.01%0.66%-0.08 pp
    Groww Nifty India Railways PSU Index Fund0.01%19.61%-0.28 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    Avg
    Entry point
    Avg
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹1.05

      Interim Dividend - Rs 1.05 Per Share

      13 Mar 2026
      ex-date
    • dividend
      ₹1.05

      Interim Dividend - Rs 1.05 Per Share

      24 Oct 2025
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.80 Per Share

      21 Mar 2025
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.80 Per Share

      12 Nov 2024
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      23 Aug 2024
      ex-date
    • dividend
      ₹0.70

      Dividend - Rs 0.70 Per Share

      22 Aug 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.80 Per Share

      10 Nov 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 0.70 Per Share

      15 Sept 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      15 Sept 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 0.80 Per Share

      17 Nov 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      15 Sept 2022
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 0.63 Per Share

      15 Sept 2022
      ex-date
    • dividend
      ₹0.77

      Interim Dividend - Rs 0.77 Per Share

      10 Nov 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      23 Sept 2021
      ex-date
    • dividend
      ₹1.05

      Interim Dividend - Rs 1.05 Per Share

      17 Feb 2021
      ex-date

    Insider trades

    Last 12 months, market trades
    Net selling ₹2333 Cr
    0 buys · ₹0
    1 sells · ₹2333 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    President of India acting through and represented by the Ministry of Railways Government of India
    Promoters · Others
    		Sell22,40,40,829₹2333 Cr2 Mar 2026

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Company announcements

    Company Update
    Announcement Under Regulation 30 Of SEBI (LODR), 2015

    Announcement under Regulation 30 of SEBI LODR, 2015-Intimation for Appointment of Joint Statutory Auditor

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Announcement under Regulation 30 (LODR) - Credit Rating

    Company Update
    Disclosure Under Regulation 30 Of SEBI(LODR) Regulations, 2015

    Discloure under regulation 30 of SEBI(LODR) Regulations, 2015- Intimation of fine

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Intimation of newspaper publication under regulation of 47 of SEBI (LODR) Regulations, 2015

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Scrutinizer Report for the 39th AGM

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceeding of 39th Annual General Meeting

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Announcement under Regulation 30 of SEBI LODR, 2015

    Others
    Board Meeting Outcome for Outcome Of Board Meeting Held On 25.08.2026

    Outcome of Board meeting held on 25.08.2026

    Company Update
    Disclosure Under Regulations 30 Of SEBI (Listing Obligations And Disclosure Requirements Regulations, 2015 -Show Cause Notice Received From GST Authority

    Announcement under Regulation 30 of SEBI LODR, 2015

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Announcement under Regulation 30( LODR), 2015

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Announcement under Regulation 30- Change in Directors

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Announcement under Regulation 30- Earnings Call Transcript_Q1 FY2026-27

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication undere reg 47 of SEBI (LODR) Regulations, 2015- Notice of AGM

    Others
    Business Responsibility and Sustainability Reporting (BRSR)

    BRSR 2025-26

    Others
    Reg. 34 (1) Annual Report.

    Submission of Annual Report for FY 2025-26

    Filed with BSE (scrip 543257); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 20 Jan 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.