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Swing Capital

Indian Railway Finance Corporation Ltd

NSE: IRFC BSE: 543257

Incorporated in 1986, Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease[1]

₹97
52W: ₹87 — ₹149
PE 18.1 · Book ₹43.4 · +124% vs book
Market Cap₹1,26,830 Cr
Stock P/E18.1Price to Earnings
ROCE5.64%Return on Capital
ROE12.8%Return on Equity
Div. Yield2.16%Face Value ₹10

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 11.6% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 13.0% over last 3 years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters84.65%
FIIs1.16%
DIIs2.89%
Public11.29%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters86.36%86.36%86.36%86.36%86.36%86.36%86.36%84.65%▼1.7
FIIs1.11%1.09%▼0.01.01%▼0.10.98%▼0.00.93%▼0.00.97%▲0.00.98%▲0.01.16%▲0.2
DIIs1.08%1.08%1.24%▲0.21.34%▲0.11.45%▲0.11.48%▲0.01.54%▲0.12.89%▲1.4
Public11.45%11.48%▲0.011.4%▼0.111.32%▼0.111.24%▼0.111.17%▼0.111.1%▼0.111.29%▲0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses3534333839444749104118
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit1,5991,7171,5771,6131,6311,6821,7461,7771,8021,684
EPS ₹1.221.311.211.231.251.291.341.361.381.29

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 2.89% (+0.87pp change). FIIs: 1.16% (+0.02pp change). Promoters hold 84.65%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 18.1x with 5.64% ROCE. Price is 124% above book value of ₹43.4. Dividend yield: 2.16%.

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