Indian Railway Finance Corp Ltd (NSE: IRFC): The raging rise of Railway stocks goes on. Indian Railway Finance Corporation (IRFC) Limited rose 9 percent on Friday and ended the day at the highest level of record 160 rupees. Today share increased at Rs 9.98%.
The stock has experienced gains in the past 8 of 9 trading sessions. This is why the stock price has increased by 60 percent.
Market Capitalization Crossed At Rs 2 Lakh Crore
Due to the increase in shares, the market capitalization of IRFC has reached the amount of 2.09 lakh crore.
The current market capitalization of IRFC exceeds the market cap of 21 companies in Nifty 50.
Mahindra & Mahindra (Rs 2.03 lakh crore), JSW Steel (Rs 1.99 lakh crore), Bajaj Auto (Rs 2.02 lakh crore), Tata Steel (Rs 1.64 lakh crore) and L&T Midtree (Rs 1.65 lakh crore) are followed by IRFC in terms of market capitalization.
Record-breaking Purchases Of Shares During January
IRFC earned a profit of 60% in January. The stock was able to provide huge gains in 2023. During this time, the stock jumped 200 percent.
The IRFC’s IPO took place in 2021, for 26 rupees. After that, there hasn’t been any significant growth recorded in the stock for the past two years.
However, after it went higher than that IPO value in 2023, an underlying purchasing trend is evident in the stock.
IRFC’s Free-floating Was Diminished
IRFC is a public company. The government owns 86.36 percent of the shares. This means that the float of shares on the market is 13.5 percent.
That is why, if there is a rise in the cost of the stock, it’s an enormous increase. The company’s sales in the 2022-23 period totaled the sum of Rs 23,892 crore.
The company earned a profit of 6337 crore rupees.
About Indian Railway Finance Corp Ltd
Indian Railway Finance Corporation (IRFC), as part of Indian Railways, raises funds on the bond market to bolster railway infrastructure.
Indian Railway Finance Corporation Limited serves as a market borrowing arm of the Ministry of Railways and strives to generate funds by borrowing in domestic and international capital markets at competitive prices.
IRFC also lends funds directly to companies within the railway sector such as Rail Vikas Nigam Limited, Power Fin Corp Limited, and Konkan Railway Corporation Limited for loans of this nature.
Fundamental Analysis of Indian Railway Finance Corp Ltd
| Market Cap | ₹ 2,09,423 Cr. |
| Current Price | ₹ 160.85 |
| 52-wk High | ₹ 160.85 |
| 52-wk Low | ₹ 25.40 |
| Stock P/E | 34.45 |
| Book Value | ₹ 36.5 |
| Dividend | 0.94 % |
| ROCE | 5.32 % |
| ROE | 14.7 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.39 |
| OPM | 99.5 % |
| EPS | ₹ 4.64 |
| Debt | ₹ 4,06,443 Cr. |
| Debt to Equity | 8.52 |
Indian Railway Finance Corp Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 140 | ₹ 210 |
| 2025 | ₹ 255 | ₹ 340 |
| 2026 | ₹ 360 | ₹ 440 |
| 2027 | ₹ 480 | ₹ 560 |
| 2028 | ₹ 600 | ₹ 720 |
| 2029 | ₹ 741 | ₹ 821 |
| 2030 | ₹ 900 | ₹ 1,100 |
Indian Railway Finance Corp Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 86.36% |
| Mar 2023 | 86.36% |
| June 2023 | 86.36% |
| Sept 2023 | 86.36% |
| Dec 2023 | 86.36% |
| FII Holding | |
| Dec 2022 | 1.01% |
| Mar 2023 | 1.15% |
| June 2023 | 1.14% |
| Sept 2023 | 1.14% |
| Dec 2023 | 1.15% |
| DII Holding | |
| Dec 2022 | 2.97% |
| Mar 2023 | 2.62% |
| June 2023 | 2.02% |
| Sept 2023 | 1.63% |
| Dec 2023 | 1.15% |
| Public Holding | |
| Dec 2022 | 9.66% |
| Mar 2023 | 9.87% |
| June 2023 | 10.49% |
| Sept 2023 | 10.88% |
| Dec 2023 | 11.34% |
Indian Railway Finance Corp Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of 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 | ₹ 11,134 Cr |
| 2020 | ₹ 13,421 Cr |
| 2021 | ₹ 15,771 Cr |
| 2022 | ₹ 20,299 Cr |
| 2023 | ₹ 25,900 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,255 Cr |
| 2020 | ₹ 3,192 Cr |
| 2021 | ₹ 4,416 Cr |
| 2022 | ₹ 6,090 Cr |
| 2023 | ₹ 6,068 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 6.95 |
| 2020 | 7.57 |
| 2021 | 9 |
| 2022 | 9.47 |
| 2023 | 9.21 |
Last 10 Years’ Profit Growth:
| 10 Years: | 28% |
| 5 Years: | 25% |
| 3 Years: | 26% |
| Current Year: | -6% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | 16% |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Current Year: | 15% |
Company’s Positive Signs:
- The company has recorded an increase in earnings in the range of 25.3 percent CAGR during five years.
- The company has kept its amazing payout of 30.7 percent.
Company’s Negative Signs:
- The company’s stock prices are currently 4.39 times book value.
- The company has a low coverage ratio.
- The tax of the company rate seems to be low.
- The company could be investing in the interest expense.
- The company has a high debtor count with a total of 3730 days.
Conclusion
This article is a complete guide about Indian Railway Finance Corp 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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