Indian Railway Finance Corporation

BSE: IRFC543257ISIN INE053F01010

Financial Services
Financial Institution
BSE 200

Share price

₹77.90+2.12 (+2.80%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹137.10
52W low: ₹73.15
Off 52W high: -43.18%
1M return: +1.83%
3M return: -12.34%
6M return: -27.03%
1Y return: -36.25%
20D avg volume: 10,46,949
50 DMA: ₹79.32
200 DMA: ₹94.47

Key ratios Standalone

Market cap: ₹1,01,804 Cr
Current price: ₹77.90
52W high / low: ₹137.10 / ₹73.15
Face value: ₹10.00
P/E: 13.81
P/B: 1.98
EPS (TTM): ₹5.64
Book value / share: ₹39.34
ROE: 14.32%
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 3.06
Net debt: ₹1,73,556 Cr
Interest cover: 1.35
Dividend yield: 2.82%
Dividend / share (TTM): ₹2.20
Payout: 39.01%
Cash conversion cycle: —

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	7,866	8,261	7,336	6,661	6,372	6,915	6,723	6,763	6,900	6,766	6,474	6,745
	58.05	130.23	-7.37	57.86	0.02	2.86	0.97	2.96	0.54	0.39	4.43	3.42
	7,924	8,391	7,329	6,719	6,372	6,918	6,724	6,766	6,900	6,766	6,478	6,745
	5,966	6,464	5,644	4,917	4,595	5,173	5,042	5,136	5,288	5,189	4,761	5,141
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	7.25	5.07	6.71	5.29	5.58	3.70	4.33	3.64	2.92	2.62	2.58	3.12
	5,917	6,421	5,524	4,812	4,544	5,124	4,996	5,095	5,249	5,155	4,725	5,104
	2.07	1.15	1.94	1.43	1.35	1.33	1.29	1.34	1.09	1.59	1.73	1.33
	40.02	37.96	56.52	39.16	39.56	37.03	36.56	3.82	2.94	2.31	3.07	3.77
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	1,958	1,927	1,684	1,802	1,777	1,746	1,682	1,631	1,613	1,577	1,717	1,604
	1.50	1.47	1.29	1.38	1.36	1.34	1.29	1.25	1.23	1.21	1.32	1.23
Key metrics
	—	—	—	—	—	—	—	6,727	6,862	6,733	6,444	6,710
	—	—	—	—	—	—	—	99.50%	99.50%	99.50%	99.50%	99.50%
	24.90%	23.30%	23.00%	27.10%	27.90%	25.20%	25.00%	24.10%	23.40%	23.30%	26.50%	23.80%
	23.50%	19.50%	9.10%	-1.50%	-7.60%	2.20%	3.90%	0.30%	—	—	—	—
	10.20%	10.40%	0.10%	10.50%	10.20%	10.70%	-2.10%	1.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	30,125	27,285	27,152	26,645	23,892	20,299
	238.77	53.37	4.27	10.56	40.80	2.33
	30,364	27,338	27,156	26,656	23,933	20,302
	22,992	20,329	20,654	20,244	17,596	14,211
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	24.32	21.28	13.51	11.17	13.10	10.75
	22,675	20,005	20,495	20,101	17,447	14,075
	6.59	6.05	5.31	9.44	14.06	14.03
	173.66	172.27	139.82	13.39	14.51	15.77
	7,372	7,009	6,502	6,412	6,337	6,090
	0.00	0.00	0.00	0.00	0.00	0.00
	7,372	7,009	6,502	6,412	6,337	6,090
	0.00	0.00	0.00	—	—	—
	7,372	7,009	6,502	6,412	6,337	6,090
	5.64	5.36	4.98	4.91	4.85	4.66
Key metrics
	—	—	—	26,523	23,798	20,179
	—	—	—	99.50%	99.60%	99.40%
	24.47%	25.70%	23.90%	24.10%	26.50%	30.00%
	12.52%	0.50%	1.90%	11.50%	17.70%	—
	7.86%	7.80%	1.40%	1.20%	4.10%	—
	—	-27,040	8,229	—	—	—
	—	-3.86	1.27	—	—	—
	—	3.06	3.10	—	—	—
	—	1,73,556	1,57,618	—	—	—
Balance sheet
	—	5,16,676	4,88,835	—	—	—
	—	211.31	5,680	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	17.96	13.80	—	—	—
	—	1,73,767	1,63,298	—	—	—
	—	56,749	52,668	—	—	—
Cash flow
	—	-27,026	8,230	—	—	—
	—	-2.64	-0.10	—	—	—
	—	21,560	-2,572	—	—	—
	—	13.37	0.82	—	—	—

Compounded growth

Sales CAGR 3Y: +4.53%
Sales CAGR 5Y: —
Profit CAGR 3Y: +3.42%
Profit CAGR 5Y: —
Sales YoY (TTM): +12.52%
Profit YoY (TTM): +7.86%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 82.90%

Quarter	September 2026	June 2026
Promoter %	82.90%	82.90%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA ACTING THROUGH THE MOR	Promoter	82.90%	82.90%	0.00%
LIFE INSURANCE CORPORATION OF INDIA	Public	3.54%	3.54%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Power Finance Corporation Ltd	1,06,230	321.90	3.16	—	+1.84% TTM	+1.69% TTM	-18.76%
Indian Railway Finance Corporation S	1,01,804	77.90	13.81	—	+12.52% TTM	+7.86% TTM	-36.25%
REC LIMITED	75,560	286.95	5.00	—	-0.80% TTM	-12.56% TTM	-22.60%
Housing &Urban Development Corporation Ltd.	30,679	153.25	7.20	—	+25.42% TTM	+59.00% TTM	-34.20%
Indian Renewable Energy Development Agency Limited S	29,778	106.00	15.12	—	+16.96% TTM	+14.31% TTM	-29.80%
IFCI Ltd.	16,031	59.50	37.06	—	+4.76% TTM	-13.32% TTM	+5.83%
Tourism Finance Corpn. Of India Ltd S	7,454	161.00	45.55	—	+19.31% TTM	+45.51% TTM	+130.07%
Haryana Financial Corporation ltd. S	1,057	57.25	154.73	4.90%	—	+462.38% TTM	-32.44%
Gujarat State Financial corporation S	75	8.37	-0.72	—	+7.72% TTM	+17.09% TTM	-34.76%

Filings & corporate actions

Recent announcements

Disclosure under Regulation 30 of SEBI (LODR), Regulations, 201523 Oct 2026 · Company Update / General
Announcement under Regulation 30 (LODR) - Earnings Call Transcript for Q2 and Half Year ended 30.09.202622 Oct 2026 · Company Update / Earnings Call Transcript
Announcement under Regulation 30(LODR)- Newspaper Publication- Un-audited Financial Results for Q2 and Half Year ended 30.09.202616 Oct 2026 · Company Update / Newspaper Publication
Link of Audio Recording- Investor call Quarter and Half Year ended 30th September 202616 Oct 2026 · Company Update / Analyst / Investor Meet
Board announced record date for Interim Dividend i.e., 23rd October 202615 Oct 2026 · Corp. Action / Record Date
Press Release - Unaudited financial results for quarter and half year ended 30.09.202615 Oct 2026 · Company Update / Press Release / Media Release
Board approved interim dividend FY 2026-27 in its meeting held on 15.10.202615 Oct 2026 · Corp. Action / Dividend
Unaudited financial results for the quarter and half year ended 30.09.202615 Oct 2026 · Result / Financial Results
Outcome of Meeting of Board of Directors held on Thursday, 15th October 202615 Oct 2026 · Board Meeting / Outcome of Board Meeting
Announcement under Regulation 30 of SEBI LODR, 20158 Oct 2026 · Company Update / Analyst / Investor Meet
Corporate Action - Board to consider Dividend7 Oct 2026 · Corp. Action / Dividend
Indian Railway Finance Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/10/2026 ,inter alia, to consider and approve the Unaudited ....7 Oct 2026 · Board Meeting / Board Meeting
Indian Railway Finance Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/10/2026 ,inter alia, to consider and approve the Unaudited ....7 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20187 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Discloser under Regulation 30A of SEBI (LODR), Regulations, 2015- Show cause Notice received from GST Authority30 Sep 2026 · Others
Board Comments on Fine levied by the Exchanges30 Sep 2026 · Company Update / General
Press Release - IRFC signs Rs. 4,200 crore Loan Agreement with DVC for Renewable Energy Projects28 Sep 2026 · Company Update / Press Release / Media Release
Closure of Trading window for quarter and half year ended on 30th September 202625 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Regulation 30 of SEBI (LODR), 2015- Appointment of Statutory Auditors17 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Announcement under Regulation 30 of SEBI LODR, 2015-Intimation for Appointment of Joint Statutory Auditor10 Sep 2026 · Company Update / General
Announcement under Regulation 30 (LODR) - Credit Rating3 Sep 2026 · Company Update / Credit Rating
Discloure under regulation 30 of SEBI(LODR) Regulations, 2015- Intimation of fine26 Aug 2026 · Company Update / General
Intimation of newspaper publication under regulation of 47 of SEBI (LODR) Regulations, 201526 Aug 2026 · Company Update / Newspaper Publication
Scrutinizer Report for the 39th AGM25 Aug 2026 · AGM/EGM / AGM
Proceeding of 39th Annual General Meeting25 Aug 2026 · AGM/EGM / AGM
Announcement under Regulation 30 of SEBI LODR, 201525 Aug 2026 · Company Update / Change in Directorate
Outcome of Board meeting held on 25.08.202625 Aug 2026 · Others / Outcome without intimation
Announcement under Regulation 30 of SEBI LODR, 201524 Aug 2026 · Company Update / General
Announcement under Regulation 30( LODR), 201520 Aug 2026 · Company Update / Change in Directorate
Announcement under Regulation 30- Change in Directors13 Aug 2026 · Company Update / Change in Directorate
Announcement under Regulation 30- Earnings Call Transcript_Q1 FY2026-276 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper publication undere reg 47 of SEBI (LODR) Regulations, 2015- Notice of AGM2 Aug 2026 · Company Update / Newspaper Publication
BRSR 2025-261 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Submission of Annual Report for FY 2025-261 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 39th AGM for the FY-2025-261 Aug 2026 · AGM/EGM / AGM
Link of Recording- Investor call Quarter ended 30th June 202631 Jul 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 (LODR)- Newspaper Publication - Prior AGM notice31 Jul 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30 (LODR)- Newspaper Publication Un-audited Financial Results quarter ended 30.06.202631 Jul 2026 · Company Update / Newspaper Publication
Press Release of Un-Audited Financial Results -Q1 2026-202730 Jul 2026 · Company Update / Press Release / Media Release
Results - Financial Results for the quarter ended 30.06.202630 Jul 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 1.1500	23 Oct 2026	23 Oct 2026	—
Interim Dividend - Rs. - 1.0500	13 Mar 2026	13 Mar 2026	—
Interim Dividend - Rs. - 1.0500	24 Oct 2025	24 Oct 2025	—
Interim Dividend - Rs. - 0.8000	21 Mar 2025	21 Mar 2025	—
Interim Dividend - Rs. - 0.8000	12 Nov 2024	12 Nov 2024	—
Final Dividend - Rs. - 0.7000	22 Aug 2024	22 Aug 2024	—

Board meetings

15 Oct 2026 Board Meeting - Financial Results
30 Jul 2026 Board Meeting - Financial Results