IRFC Share Price

Know More
NSEBSE

153.850.65 (0.42%)

11:04 AM,26th Feb 2024

153.400.10 (0.07%)

11:13 AM,26th Feb 2024

BSE : 543257

NSE : IRFC

Sector : Financials

ISIN Code : INE053F01010

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Feb 26 2024 | 11:13 AM IST

Market Cap (₹ Cr)

201059

Turnover (₹ Cr)

31.05

Volume (Shares)

20183993

Face Value

10

52-WK High

192.80

52-WK High Date

23 Jan 2024

52-WK Low

25.40

52-WK Low Date

28 Mar 2023

All Time High

192.80

All Time High Date

23 Jan 2024

All Time Low

19.30

All Time Low Date

20 Jun 2022

Indian Railway Finance Corporation Ltd

Indian Railway Finance Corporation Limited was incorporated on December 12 1986 as a Public Limited Company. Thereafter The Company received a Certificate of Commencement of Business from the RoC on December 23 1986. The MCA through its notification dated October 8 1993 classified the Company as a Public Financial Institution and subsequently Company was registered with RBI to carry on the business of a non-banking financial institution pursuant to a certificate of registration dated February 16 1998. Dated March 17 2008 RBI classified Company as a non-deposit accepting asset finance non-banking financial company. Thereafter Company got reclassified as an NBFC-ND-IFC by RBI through a fresh Certificate of Registration dated November 22 2010.Indian Railway Finance Corporation (IRFC) is a Schedule `A' Public Sector Enterprise under the administrative control of the Ministry of Railways (MoR) Govt. of India. Since inception in 1986 IRFC has been mobilising funds from domestic and international markets for Indian Railways. The Company has made a huge contribution in the development and growth of Indian Railways and Railway entities including Rail Vikas Nigam Limited (RVNL) and IRCON. The President of India along with his nominees holds 100% of the equity share capital. The Company's principal business is to borrow funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease. It is a dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets which includes both powered and unpowered vehicles for example locomotives coaches wagons trucks flats electric multiple units containers cranes trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways Government of India (MoR). The MoR is responsible for the procurement of Rolling Stock Assets and for the improvement expansion and maintenance of Project Assets. The Company is responsible for raising the finance necessary for such activities. Over the last three decades the company has played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay. The Union Budget proposed a capital expenditure of Rs. 1602 billion for the Indian Railways for Fiscal 2020 which was higher than the capital expenditure (revised estimate) of Rs. 1388.58 billion in Fiscal 2019. The actual capital expenditure of the Indian Railways was Rs. 1334 billion in Fiscal 2019. In Fiscal 2019 the company financed Rs. 525.35 billion accounting for 39.38% of the actual capital expenditure of the Indian Railways.The Company follows a financial leasing model for financing the Rolling Stock Assets. The period of lease with respect to Rolling Stock Assets is typically 30 years comprising a primary period of 15 years followed by a secondary period of 15 years unless otherwise revised by mutual consent. In terms of the leasing arrangements the principal amount pertaining to the leased assets is effectively payable during the primary 15 years lease period along with the weighted average cost of borrowing and a margin determined by the MOR in consultation with the company at the end of each Fiscal. Typically the weighted average cost of borrowing factors in any expenses incurred by the company with respect to any foreign currency hedging costs and/ or losses (and gains if any) as well as any hedging costs for interest rate fluctuations. For the second 15 year period the company charges the Indian Railways a nominal rate which is subject to revision on mutually acceptable terms. The Company also follows a leasing model for Project Assets which typically provides for lease periods of 30 years.The total Capital Outlay (Capital Expenditure) of MoR for the year 2020-21 was Rs. 155161 crore out of which IRFC's disbursement against the same was significant at Rs. 104369.00 crore which constitutes 67.43% of total capital outlay for the year 2020-21. In development of additional terminals for handling rail cargos a new 'Gati Shakti Multi-Modal Cargo Terminal (GCT)' policy was launched on 15 December 2021. As on 31st March 2023 86.36% of the paid-up equity share capital of the Company comprising of 11286437000 Equity Shares of Rs. 10/- each were held by President of India acting through administrative ministry i.e. Ministry of Railways (MoR). The balance 13.64% of paid-up equity share capital was held by public.

Indian Railway Finance Corporation Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

201059

EPS - TTM (₹) [S]

4.62

P/E Ratio (X) [S]

4.17

Face Value (₹) 10
Latest Dividend (%)8.00
Latest Dividend Date 10 Nov 2023
Dividend Yield (%) 0.98
Book Value Share (₹) [S]36.92
P/B Ratio (₹) [S]4.17
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Union Corporate Bond Fund - Regular (G) 14.98 150000000 3.25
Union Corporate Bond Fund - Regular (IDCW) 14.98 150000000 3.25
Union Corporate Bond Fund - Direct (G) 14.98 150000000 3.25
Union Corporate Bond Fund - Direct (IDCW) 14.98 150000000 3.25
BHARAT Bond ETF - April 2031 959.05 102000000 7.20
Union Corporate Bond Fund - Regular (G) 9.97 100000000 2.16
Union Corporate Bond Fund - Regular (G) 9.95 100000000 2.16
Union Corporate Bond Fund - Regular (IDCW) 9.97 100000000 2.16
Union Corporate Bond Fund - Regular (IDCW) 9.95 100000000 2.16
Union Corporate Bond Fund - Direct (G) 9.97 100000000 2.16

Load more

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

152.50

156.40

Week Low/High

149.20

164.00

Month Low/High

130.20

183.00

Year Low/High

25.40

193.00

All time Low/High

19.30

193.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.06%-3.03%0.160.03%
1 Month-11.55%-11.50%3.013.64%
3 Month102.19%102.17%10.3911.79%
6 Month217.67%217.87%12.2414.86%
1 Year452.42%452.42%22.4726.70%
3 Year524.14%524.14%48.3252.31%

Company Info

Company Information

Chairman & Managing Director : Shelly Verma

Non Executive Director / Nomin : Baldeo Purushartha

Non Executive Director / Nomin : Bhaskar Choradia

Independent Director : Vallabhbhai Maneklal Patel

Independent Director : Sheela Pandit

Registered Office: UG Flr East Tower NBCC Place, Pragati Vihar Lodhi Road,New Delhi,New Delhi-110003 Ph: 91-11-24369766 / 24368068

Email:cs@irfc.nic.in

URL:http://www.irfc.nic.in