IRFC · Indian Railway Finance Corporation Ltd · Consumer Financial Services
IRFC · Indian Railway Finance Corporation Ltd · Consumer Financial Services
As of 05 Nov close
52-week range
41.6% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 29 Oct 2026
Revenue (latest Q)
₹7,866 Cr
Revenue YoY
PAT YoY
Not available from data source
Operating margin
Revenue, last 5 quarters
P/E (TTM)
P/B
1.7
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
+2.9%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| IRFC (this stock) | 13.4 | 1.7 | +24.5% | +12.2% | 7.12 | +2.9% |
| Bajaj Finance * | 30.8 | 5.7 | +23.8% | +17.8% | 3.22 | +0.5% |
| Shriram Finance * | 18.4 | 3.6 | +22.8% | +17.2% | 3.8 | +1.1% |
| Tata Capital * | 28.7 | 3.3 | +17.0% | +11.8% | 5.15 | +0.2% |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
falling 2q
FII
stable
MF
0.30% (+0.03pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 25 Jun 2026 | The President of India, acting through and represented by the Ministry of Railways, Government of India | SELL | 22,87,44,407 | ₹2,084 Cr |
| 26 Feb 2026 | President of India acting through and represented by the Ministry of Railways Government of India | SELL | 22,40,40,829 | ₹2,333 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- lowgurufocus.com· 16 Oct 2026, 05:30 pmQ2 2027 Indian Railway Finance Corp Ltd Earnings Call Transcript
- lowbusiness-standard.com· 12 Oct 2026, 12:51 pmIRFC to announce interim dividend in Q2 results on Oct 15; stock rises 4%
Concalls & investor presentations
AI-generatedKey takeaway: Indian Railway Finance Corporation (IRFC) reported strong financial performance for Q2 and H1 FY26-27, with revenue rising over 20% and profit after tax (PAT) increasing more than 10%. Management highlighted consistent double-digit PAT growth in five of the last six quarters, attributing this to diversification efforts beyond traditional railway financing. The company emphasized robust compliance, mentorship programs, and a strengthened team. Looking ahead, IRFC outlined plans to expand lending to non-railway entities, including metros, ports, and renewable energy projects linked to railways, with significant funding opportunities from upcoming infrastructure projects like the Dedicated Freight Corridor and high-speed rail corridors. Management guided that FY27 disbursements would surpass FY26 levels, with long-term targets including a 60-40 mix of railway and diversified assets by 2030. On financial metrics, IRFC noted a weighted average cost of capital (WACC) of 6.55%, lower than peers, and strategies to manage interest rate risks through flexible borrowing and cost-plus pricing models. The company also addressed concerns about prepayment risks, stating it faces none due to competitive lending rates and no prepayment penalties. Dividend payouts have increased, with 40% of profits distributed in recent years, and management expressed confidence in sustained growth and profitability.
The document emphasizes strong financial results, growth in diversification, and confidence in future prospects.
Sourced from an exchange-filed transcript, dated 22 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call for Q1 FY'27, management provided insights into the company's performance and strategic direction. Chairman Manoj Kumar Dubey highlighted the successful launch of the IRFC 2.0 vision, which focused on diversification beyond the Indian Railways, resulting in agreements worth over INR 75,000 crores and disbursements exceeding INR 35,000 crores in the previous fiscal year. For the current year, management set a goal of consolidating operations and planning for the long term, with a focus on financing mobility-centric assets. The company aims to maintain its role as the sole financing arm for Indian Railways while expanding into sectors linked to railways. Management reported that Q1 is typically slower for disbursements but expressed confidence in surpassing last year's performance. They also discussed the 'Fund in India' initiative, which aims to enhance domestic funding for infrastructure projects. Overall, management emphasized a commitment to growth and efficiency in operations.
Management emphasized successful past performance and future growth initiatives.
Sourced from an exchange-filed transcript, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 15, 2026, management reported strong financial results for Q4 and FY25-26, highlighting a successful year of diversification under the initiative termed 'IRFC 2.0'. The Chairman and Managing Director, Manoj Kumar Dubey, stated that the company sanctioned nearly INR74,000 crores of assets and disbursed around INR35,000 crores, surpassing previous guidance. Key financial metrics, including revenue and profit after tax (PAT), reached record highs, with PAT exceeding INR7,000 crores. Management emphasized the importance of maintaining a strong net interest margin (NIM) and indicated a goal for double-digit growth in the upcoming fiscal year. The company aims to grow its assets under management (AUM) to INR5 lakh crores and is focusing on diversifying its portfolio beyond railway financing. The management expressed confidence in the ongoing capex story in India and the company's strategic positioning to capture future opportunities in infrastructure financing.
Management highlighted strong financial performance and confidence in future growth.
Sourced from an exchange-filed transcript, dated 21 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedIndian Railway Finance Corporation Limited (IRFC) reported strong financial performance in FY2025-26, with total disbursements of ₹35,067 crore across railways, power, and fertilizers, maintaining a zero NPA status. The company redeemed ₹4,569.73 crore in domestic bonds and prepaid ₹19,091.78 crore in long-term loans, demonstrating robust debt management. IRFC's net interest margin improved due to diversification, and it has secured ₹70,000 crore in borrowing authorization for FY2026-27. The auditor's report noted key audit matters related to lease income and receivables, with no material misstatements identified. The company has no pending legal or regulatory issues, and its internal controls were deemed effective.
- Total disbursements of ₹35,067 crore in FY2025-26, with zero NPA status.
- Redemption of ₹4,569.73 crore in domestic bonds and ₹19,091.78 crore in long-term loans prepaid.
- Net interest margin improved through diversification, with no fraud reported by auditors.
- Authorized borrowing of ₹70,000 crore for FY2026-27 funding needs.
- Auditor's key focus on lease income and receivables, with no material misstatements found.
Key takeaway: IRFC demonstrated strong financial performance and debt management in FY2025-26, with no significant risks or legal issues, supported by effective internal controls and a zero NPA status.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (3 items); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company was fined ₹44,82,820 by NSE and BSE each for non-compliance with SEBI (LODR) Regulations, 2015 regarding board composition, quorum, and committee constitution for the quarters ended March 2025, June 2025, September 2025, and December 2025.
Earlier (1-3 years ago)
The company has been fined by NSE and BSE for non-compliance with regulations regarding Board composition, quorum, and committee constitution. The company is requesting the stock exchanges to waive the fines, citing that the non-compliance is beyond its control as director appointments are made by the Government of India through the Ministry of Railways.
The company was fined 21,53,500/- each by NSE and BSE during FY 2023-24 for non-compliance with SEBI (LODR) Regulations, 2015.
Default / Covenant Breach
1 occurrenceEarlier (1-3 years ago)
The company has not deposited certain statutory dues, including Goods and Services Tax, Provident Fund, Employees’ State Insurance, Income-tax, Sales tax, Service tax, Duty of customs, Duty of excise, Value added tax, Cess and other material statutory dues, during the year except for the following: [details not provided in the excerpt]
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has contingent liabilities related to GST demands of ₹353.18 crores raised by the Assistant Commissioner (State Tax), Chennai, on Input Tax Credit (ITC) availed on assets relating to railway projects. The company has contested the demands and filed appeals, with a stay on the demand order granted by the Hon’ble High Court of Madras.
Earlier (1-3 years ago)
The company has contingent liabilities related to claims by bondholders in consumer/civil courts and service matter claims pending in court with an amount not ascertainable.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has pending disputes related to statutory dues under various acts, including Income Tax and GST, with amounts pending and disputes pending before authorities such as CIT(A) and GST Appellate Authorities.
Earlier (1-3 years ago)
The company has outstanding income tax dues of ₹91.78 million under the Income Tax Act for FY 2020-2021 to FY 2023-2024, with no payment date recorded, and disputes pending before the CIT Appeals and Income Tax Appellate Tribunal.