Tourism Finance Corp (NSE: TFCILTD)share: Amidst the fluctuations in the market, there was a huge demand for shares of the Tourism Finance Corporation of India on Wednesday, the third trading day of the week.
This rise in shares has come due to the big claim of veteran investor Aditya Kumar Halvasia. Let us tell you that Aditya Kumar Halvasia has bought 13 percent stake in the company.
The Upper Circuit In Stock
On Wednesday, shares of Tourism Finance Corporation of India hit an upper circuit of 5% and its price reached Rs 231.20.
The share hit the 52-week high of 247 rupees on February 5.
The share price on March 29, 2023 was at Rs 66.75. It is also the lowest 52 weeks for the share. This stock has increased by more than 200 percent in the last year.
Aditya Halvasia’s Investment Details
In reality, Aditya Halvasia bought 1,18,02,094 equity shares of Tourism Finance Corporation of India for an average of 209.75.
At the same time, foreign investors Varenium India Opportunity exited the stock by selling its complete portion of its equity stake, which was 30,974,461 shares.
Varenium Capital Advisors traded 10,04,400 shares of equity. Furthermore, the promoter Prasansatri Holdings Pte sold 42,56,100 equity shares.
Koppara Sajeev Thomas sold 34,443,133 equity shares at an average cost of 209.75 per share.
Promoter Pranasatri Holdings held 8.81 percent stake in the company as of December 2023, while Koppara Sajeev Thomas held 4.92 per cent.
Varenium India earlier held 3.43 percent stake. Talking about Tourism Finance Corporation of India, is engaged in the hospitality sector.
Let us tell you that this company is engaged in finance, corporate debt, working capital demand loans, etc.
About Tourism Finance Corporation of India
Tourism Finance Corporation of India Limited is a bank that provides financial services.
The Company provides financial aid via rupee short-term loans, and corporate loans along with subscriptions to equity/debentures, mainly to the tourism industry which comprises resorts, hotels and restaurants, food courts entertainment parks, ropeways, and multiplexes.
The program also offers financial aid to other industries including manufacturing, infrastructure, as well as real estate. It also offers finance to educational institutions, healthcare institutions, and the real-estate sector engaged in middle-class housing development.
It offers advisory and consulting services such as tourism areas potential services and development of a tourism master plan disinvestment and advisory services to government agencies, state and central departmental departments, debt syndication, and also investment banking.
Fundamental Analysis of Tourism Finance Corporation of India Ltd
| Market Cap | ₹ 2,089 Cr. |
| Current Price | ₹ 231.20 |
| 52-wk High | ₹ 247 |
| 52-wk Low | ₹ 66.8 |
| Stock P/E | 21.9 |
| Book Value | ₹ 105 |
| Dividend | 1.04 % |
| ROCE | 9.46 % |
| ROE | 8.99 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.20 |
| OPM | 89.2 % |
| EPS | ₹ 10.6 |
| Debt | ₹ 1,044 Cr. |
| Debt to Equity | 1.10 |
Tourism Finance Corporation of India (TFCIL) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹215 | ₹231 |
| 2025 | ₹235 | ₹242 |
| 2026 | ₹250 | ₹275 |
| 2027 | ₹290 | ₹325 |
| 2028 | ₹332 | ₹362 |
| 2029 | ₹400 | ₹428 |
| 2030 | ₹450 | ₹500 |
Tourism Finance Corporation of India Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 17.94% |
| Mar 2023 | 17.96% |
| June 2023 | 17.96% |
| Sept 2023 | 17.96% |
| Dec 2023 | 17.67% |
| FII Holding | |
| Dec 2022 | 16.72% |
| Mar 2023 | 16.78% |
| June 2023 | 16.29% |
| Sept 2023 | 13.01% |
| Dec 2023 | 13.88% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Govt. Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 65.32% |
| Mar 2023 | 65.24% |
| June 2023 | 65.73% |
| Sept 2023 | 69.02% |
| Dec 2023 | 68.44% |
Tourism Finance Corporation of India Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 230 Cr |
| 2020 | ₹ 266 Cr |
| 2021 | ₹ 258 Cr |
| 2022 | ₹ 254 Cr |
| 2023 | ₹ 244 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 86 Cr |
| 2020 | ₹ 81 Cr |
| 2021 | ₹ 81 Cr |
| 2022 | ₹ 85 Cr |
| 2023 | ₹ 96 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.8 |
| 2020 | 1.92 |
| 2021 | 1.72 |
| 2022 | 1.36 |
| 2023 | 0.98 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Current Year: | 12% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 11% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 9% |
Sales Growth Over 10 Years:
| 10 Years: | 3% |
| 5 Years: | 1% |
| 3 Years: | -4% |
| Current Year: | 5% |
Conclusion
This article is a complete guide about Tourism Finance Corporation of India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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