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Indian Railway Finance Corporation Ltd.

73.40−2.35 (−3.10%)

BSE · 30 Oct, 4:01 PM

: ₹95,922.83 Cr
: 13.01
: 9,41,854
: ₹75.75 - ₹73.15
: ₹137.10 - ₹73.15

Indian Railway Finance Corporation Ltd. (IRFC) share price closed at ₹73.40 on the BSE on Friday, October 30, 2026, down by 3.10% from its of ₹75.75. In that session IRFC reached a of 75.75 and of 73.15. The for the session was 73.93. The stands at 79.88 and is at 95.12. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹75.52

₹75.75

₹73.93

₹79.88

Price 8.11% below

₹95.12

Price 22.83% below

Key Fundamentals

: 95,922.83 Cr₹95.92 Thousand Crore
: 5.64
: 13.01
: 1.58
: 46.35
: 30,053.49 Cr₹30.05 Thousand Crore
: 2.86 %
Sector
Industry: Finance Term Lending
: 12.81
: 7.69

Industry Comparison

Ratio	Company	Sector
	13.01	20.06
	7.69	0.23
	1.58	1.62
	0.87	1.21
	2.86 %	0.12 %
Operating Margin	98.84 %	61.36 %

Sector figures are the median of 194 listed Finance companies.

Peer Comparison

Name
POWER FINAN PFC	314.00	5.11	1,03,623.20	5.91	4,745.40	5.42%	13,993.13	1.60%	9.93
Indian Railway Finance Corporation Ltd. IRFC	73.40	13.01	95,922.83	2.86	1,958.48	10.21%	7,866.41	23.45%	5.64
RECLTD RECLTD	285.00	5.02	75,046.88	6.51	3,391.18	-23.38%	14,727.69	-2.36%	9.71
IFCI LTD IFCI	54.65	277.92	14,724.43	0.00	8.64	17.07%	102.64	-34.00%	8.48
TOURISM FINA TFCILTD	157.65	47.42	7,298.84	0.38	61.21	100.30%	81.02	27.17%	11.13
SATIN SATIN	239.00	5.28	2,640.26	0.00	171.61	230.77%	811.52	14.26%	11.67
TRU TRU	3.96		47.43	0.00	-8.72	73.25%	12.26	-46.21%	-14.42

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	6,761.33	6,475.02	6,765.68	6,899.66	6,763.43	6,723.23	6,915.38	6,371.89	6,661.37	7,336.05	8,261.11	7,866.41
Expenses	33.96	34.22	32.70	37.72	39.32	44.27	46.83	49.16	103.59	118.00	41.94	46.83
	6,727.37	6,440.80	6,732.98	6,861.94	6,724.11	6,678.96	6,868.55	6,322.73	6,557.78	7,218.05	8,219.17	7,819.58
	99.50%	99.47%	99.52%	99.45%	99.42%	99.34%	99.32%	99.23%	98.44%	98.39%	99.49%	99.40%
	0.85	2.97	0.35	0.54	2.96	0.57	2.86	0.02	57.86	-7.37	130.23	58.05
Interest	5,181.49	4,724.72	5,154.91	5,248.74	5,095.07	4,996.37	5,124.39	4,544.42	4,812.02	5,524.43	6,421.04	5,917.08
	2.15	1.73	1.59	1.09	1.34	1.29	1.33	1.35	1.43	1.94	1.15	2.07
	1,544.58	1,717.32	1,576.83	1,612.65	1,630.66	1,681.87	1,745.69	1,776.98	1,802.19	1,684.31	1,927.21	1,958.48
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	1,544.58	1,717.32	1,576.83	1,612.65	1,630.66	1,681.87	1,745.69	1,776.98	1,802.19	1,684.31	1,927.21	1,958.48
	1.18	1.31	1.21	1.23	1.25	1.29	1.34	1.36	1.38	1.29	1.47	1.50

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	20,299.26	23,721.42	26,648.63	27,152.14	27,284.15
Operating Income (Net)	20,299.26	23,721.42	26,648.63	27,152.14	27,284.15
EXPENDITURE :
Employee Cost	10.75	13.10	11.17	13.51	21.28
Operating & Establishment Expenses	5.94	5.29	5.14	5.32	11.00
Administrations & Other Expenses	5.46	7.14	6.44	6.40	12.08
Provisions and Contingencies	100.49	111.73	114.08	128.78	273.22
	122.63	137.25	136.83	154.01	317.58
Operating Profit (Excl OI)	20,176.63	23,584.16	26,511.80	26,998.13	26,966.57
	2.33	44.26	11.22	4.27	53.91
	20,178.96	23,628.43	26,523.02	27,002.40	27,020.48
Interest	14,074.78	17,447.21	20,101.47	20,495.09	20,005.26
	14.03	14.06	9.44	5.31	6.05
Profit Before Taxation & Exceptional Items	6,090.16	6,167.16	6,412.11	6,502.00	7,009.17
	6,090.16	6,167.16	6,412.11	6,502.00	7,009.17
Provision for Tax	0.32
	6,089.84	6,167.16	6,412.11	6,502.00	7,009.17
Extra items				0.00	0.00
Other Consolidated Items	0.56	0.61	0.45	-0.26	0.51
Consolidated Net Profit	6,090.40	6,167.76	6,412.56	6,501.74	7,009.68
Profit Balance B/F	1,498.03	4,743.91	7,775.47	10,945.33	13,140.91
Appropriations	7,588.43	10,911.67	14,188.03	17,447.07	20,150.59
Equity Dividend %	14.00%	15.00%	15.00%	16.00%	21.00%
	4.66	4.72	4.91	4.98	5.36
Adjusted EPS	4.66	4.72	4.91	4.98	5.36

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	13,068.51	13,068.51	13,068.51	13,068.51	13,068.51
Total Reserves	27,927.83	31,611.68	36,110.06	39,599.26	43,680.25
Reserve excluding Revaluation Reserve	27,927.83	31,611.68	36,110.06	39,599.26	43,680.25
Revaluation reserve			0.00
	40,996.34	44,680.18	49,178.57	52,667.77	56,748.76
Secured Loans	3,41,483.92	3,72,133.15	3,99,383.06	3,94,467.13	4,05,184.94
Unsecured Loans	46,932.70	46,796.11
Other Long Term Liabilities	11.76	12.63	1,856.48	1,496.86	1,604.90
Long Term Provisions			162.38	3.10	4.57
Total Non-Current Liabilities	3,88,428.38	4,18,941.89	4,01,401.92	3,95,967.09	4,06,794.41
Other Current Liabilities	20,501.93	26,631.88	21,852.51	22,280.48	21,582.20
Short Term Borrowings			12,649.04	17,662.27	31,285.45
Short Term Provisions	66.03	104.80	0.39	257.07	265.66
Total Current Liabilities	20,567.97	26,736.68	34,501.94	40,199.82	53,133.31
Total Liabilities	4,49,992.69	4,90,358.75	4,85,082.43	4,88,834.68	5,16,676.48
Loans (Non - Current Assets)	6,824.81	5,933.13	4,944.51	5,171.59	35,949.52
Gross Block	53.59	54.32	30.61	31.29	38.06
Less: Accumulated Depreciation	15.62	35.13	8.56	13.78	19.73
	37.96	19.19	22.05	17.51	18.33
Non Current Investments	10.00	13.66	53.60	38.18	28.14
Long Term Investment	10.00	13.66	53.60	38.18	28.14
Long Term Loans & Advances	19.09	46.62
Other Non Current Assets	2,01,998.54	2,50,237.58	4,46,950.89	4,40,711.34	4,34,624.73
Total Non-Current Assets	2,08,890.40	2,56,250.18	4,51,974.83	4,45,942.40	4,70,630.82
Cash and Bank	303.38	541.66	467.37	6,143.16	977.81
Other Current Assets	2,20,961.14	2,18,884.24	32,296.11	36,358.91	44,892.65
Short Term Loans and Advances	19,837.77	14,682.68	344.12	390.21	175.20
Total Current Assets	2,41,102.29	2,34,108.57	33,107.60	42,892.28	46,045.66
Net Current Assets (Including Current Investments)	2,20,534.32	2,07,371.89	-1,394.34	2,692.46	-7,087.65
Total Assets	4,49,992.69	4,90,358.75	4,85,082.43	4,88,834.68	5,16,676.48
	2,859.46	3,096.31	1,046.11	829.58	929.13
Total Debt	3,88,416.62	4,18,929.26	4,12,032.10	4,12,129.40	4,36,470.39
	31.37	34.19	37.63	40.30	43.42
Adjusted Book Value	31.37	34.19	37.63	40.30	43.42

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	6,090.16	6,167.16	6,412.11	6,502.00	7,009.17
Adjustment	127.38	112.52	137.19	120.21	-144.25
Changes In working Capital	-70,925.58	-35,137.32	1,340.90	1,653.45	-34,106.34
Cash Flow after changes in Working Capital	-64,708.04	-28,857.65	7,890.20	8,275.66	-27,241.42
Cash Flow from Operating Activities	-64,412.28	-28,588.36	7,914.10	8,229.57	-27,026.41
Cash Flow from Investing Activities	-4.72	0.09	-7.54	-0.10	-2.64
Cash Flow from Financing Activitie	64,266.30	28,644.48	-8,046.43	-2,571.95	21,560.07
Net Cash Inflow / Outflow	-150.70	56.21	-139.87	5,657.52	-5,468.98
Opening Cash & Cash Equivalents	297.19	106.43	162.64	22.77	5,680.29
Closing Cash & Cash Equivalent	146.49	162.64	22.77	5,680.29	211.31

Ratios

Valuation

13.01

1.58

7.90

13.55

5.64

46.35

Profitability

12.81

5.64

1.39

98.84

25.69

Leverage & Liquidity

7.69

0.87

1.35

Returns

2.86

0.05

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	86.36	86.36	86.36	86.36	86.36	86.36	86.36	84.65	82.90	82.90
	2.18	2.17	2.25	2.32	2.39	2.46	2.53	4.05	5.16	5.12
	11.45	11.46	11.39	11.32	11.24	11.18	11.11	11.29	11.95	11.98
	13.64	13.64	13.64	13.64	13.64	13.64	13.64	15.35	17.10	17.10
No. of Shareholders	51,08,893	55,00,054	55,40,767	56,35,775	54,51,172	53,17,981	51,69,331	51,13,569	50,86,488	50,13,659

Mutual Funds Invested(93)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 7 active funds hold 0.00% in Indian Railway Finance Corporation Ltd., contributing to ₹2 Cr of holdings

Fund				As of
IP ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	70.85	0.73	89,36,643	Sep '26
NI Nippon India ETF Nifty Next 50 Junior BeESIndex	62.94	0.73	79,39,048	Sep '26
UT UTI Nifty Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	57.46	0.79	72,48,302	Sep '26
IN Groww Nifty India Railways PSU ETFIndex	34.19	19.99	43,12,688	Sep '26
SB SBI Nifty Next 50 ETFIndex	21.18	0.73	26,71,541	Sep '26
HD HDFC NIFTY Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	19.08	0.73	24,06,139	Sep '26
IP ICICI Prudential Nifty Next 50 ETFIndex	19.00	0.73	23,96,618	Sep '26
SB SBI Nifty Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	16.94	0.73	21,37,242	Sep '26
UT UTI Nifty Next 50 Exchange Traded FundIndex	15.98	0.73	20,15,705	Sep '26
IN Groww Nifty India Railways PSU Index Fund - Growth - Direct PlanIndex Funds - Other	12.45	20.05	15,70,602	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-07	Ex Dividend	Interim Dividend	2026-10-23	2026-10-23
2026-10-07	Board Meeting	Interim Dividend & Quarterly Results
2026-08-03	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-06-30	The President of India acting through and represented by the Ministry of Railways Government of India	Others	Sell	228,744,407

Sector Overview

FinanceFinance Term Lending

Indian Railway Finance Corporation Ltd. operates in the Finance sector under the Finance Term Lending industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Vijay Babulal Shirode

Company Secretary & Compliance Officer

—

Manoj Kumar Dubey

Chairman & Managing Director, CEO

₹1.27 Cr

Mar '26

Ranjay Choudhary

Whole Time Director - Finance & CFO

—

Abhishek Kumar

Government Nominee Director

—

Laya Madduri

Government Nominee Director

—

Pradeep Ahlawat

Independent Director

—

Manjula Mishra

Independent Director

—

Deepa Kotnis

Executive Director - Finance & CFO

—

IRFC Latest News

News

10 of 10 articles

EQUITY16 Oct 2026 · 17:24

Indian Railway Finance Corporation informs about newspaper clippings

COMPANY15 Oct 2026 · 17:20

Indian Railway Finance Corporation reports 10% rise in Q2 net profit

Total income increased by 24.37% to Rs 7,924.46 crore for Q2FY27

EQUITY29 Sept 2026 · 12:25

IRFC rises on signing Rs 4,200 crore term loan agreement with Damodar Valley Corporation

The term loan agreement is to finance its renewable energy projects across Jharkhand and West Bengal

COMPANY29 Sept 2026 · 09:21

IRFC signs Rs 4,200 crore term loan agreement with Damodar Valley Corporation

The term loan agreement is to finance its renewable energy projects across Jharkhand and West Bengal

EQUITY10 Sept 2026 · 17:34

Indian Railway Finance Corporation informs about appointment of statutory auditor

EQUITY31 Jul 2026 · 12:09

IRFC trades higher on reporting 10% rise in Q1 net profit

Total income increased by 21.29% to Rs 8,391.34 crore for Q1FY27

COMPANY31 Jul 2026 · 12:00

IRFC’s Q1 net profit rises 10% to Rs 1,927.21 crore