Ifci Limited (IFCI) · mywealthgrid

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About

IFCI Limited is a financial institution in India's financial services sector with ₹20,729.94 Cr market capitalization. Operates through standalone and consolidated subsidiaries; consolidated operations delivered ₹317.4 Cr profit at 66.84% OPM in Sep 2025. Promoters hold 72.57%, maintaining operational control.

Founded: 1948
Face value: ₹10

Market cap

₹17,551 Cr

P/E

100.6×

P/B

2.0×

Dividend yield

ROE

2.1%

ROCE

—

Debt / equity

0.39

OPM

47%

EPS (TTM)

₹0.6

Book value

₹33.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

ROE of 2.05% is critically depressed for a financial institution—minimal profit generation per rupee of shareholder capital
EPS swings from -₹0.06 to +₹0.53 across quarters, creating high earnings unpredictability and valuation uncertainty
PE ratio of 118.82 is extremely elevated relative to current profitability and ROE; verify what operational improvements or growth justify this valuation
No dividends distributed since 2016 despite regular profitability; verify management's capital allocation priorities and return policy

Generated analysis · source review pending

Growth drivers

Sep 2025 profit of ₹317.4 Cr (66.84% OPM) far exceeds typical standalone quarters (₹7–61 Cr range); verify whether this reflects sustained operational improvement or represents exceptional performance
Revenues of ₹327–471 Cr in Mar-Jun 2026 trend above earlier ₹175–299 Cr range; verify if sequential acceleration is structural demand growth or cyclical variation
Consolidated Sep 2025 revenue (₹732.28 Cr) represents material profit contributor; verify trajectory and expansion potential of subsidiary operations

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹65.1-8.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 47%
+High promoter holding of 72.6% with no pledge

Cons

−Low return on equity of 2.4% (3-yr avg)
−Modest revenue growth of 0% a year over the last 5 years
−Expensive at 100.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 47
Growth: 17
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,874	2,066	1,552	1,485	1,987	1,876	2,069
Interest	1,451	1,147	943	642	571	535	416
Expenses	1,463	2,961	2,108	776	715	694	1,097
Financing profit	-41	-2,042	-1,499	68	700	647	555
Financing margin %	-1.4%	-98.8%	-96.6%	4.6%	35.3%	34.5%	26.8%
Other income	32	27	43	34	128	188	65
Depreciation	81	72	66	74	81	83	86
Exceptional items	-4	2	-1	-1	3	-3	-11
Profit before tax	-94	-2,085	-1,523	26	751	749	524
Tax	129	-173	238	146	510	400	90
Tax %	136.9%	-8.3%	15.6%	559.3%	67.9%	53.5%	17.1%
PAT	-223	-1,912	-1,761	-120	241	349	435
EPS (₹)	-1.4	-10.2	-8.7	-1	0.4	0.7	0.7
EPS adjusted (₹)	-1.4	-10.2	-8.7	-1	0.4	0.6	0.7
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1,925	1,926	1,921	1,696	1,696	1,896	2,103	2,196	2,490	2,694	2,694
Reserves	5,639	5,208	4,152	3,661	3,553	1,842	715	1,571	2,045	5,996	6,250
Minority interest	—	—	—	1,111	1,078	1,287	2,236	2,902	3,145	6,388	6,560
	23,587	19,753	16,716	16,394	12,566	11,041	7,095	6,020	5,367	3,714	3,523
	7,993	7,395	7,029	3,180	3,545	4,298	3,338	4,250	5,871	6,931	7,543
Total equity & liabilities	39,146	34,282	29,818	26,042	22,439	20,364	15,487	16,939	18,918	25,724	26,570
	1,414	1,376	1,317	1,492	1,514	1,561	1,455	1,466	1,450	1,394	1,124
CWIP	6	3	3	1	4	9	12	5	13	23	0
Investments	6,860	5,150	5,243	5,580	3,963	5,504	6,541	7,700	8,678	15,323	15,081
	30,867	27,752	23,256	18,969	16,958	13,290	7,480	7,768	8,777	8,984	10,365
Total assets	39,146	34,282	29,818	26,042	22,439	20,364	15,487	16,939	18,918	25,724	26,570

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	98.2%	97.5%	98.3%	—	—	—	—
EBITDA margin %	49.1%	-43.3%	-35.8%	47.8%	64%	63%	47%
EBIT margin %	46.3%	-46.8%	-40.1%	42.8%	59.9%	58.6%	42.8%
PAT margin %	-7.8%	-92.5%	-113.5%	-8.1%	12.1%	18.6%	21%
Working capital
Receivable days	24	34	57	—	—	—	—
Inventory days	855	626	1,034	34	36	36	23
Payable days	—	—	5,502	—	—	—	—
NWC days	—	—	-4,410	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	8.91	—	—	8.49	4.22	3.14	3.63
Debt to equity	2.39	2.95	2.52	1.6	1.18	0.43	0.39
Interest coverage	0.9	-0.8	-0.6	1	2.3	2.4	2.3
Asset turnover	0.13	0.1	0.1	0.09	0.11	0.07	0.08
Return ratios
Return on assets %	-1%	-9.4%	-11.4%	-0.7%	1.3%	1.4%	1.6%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	-4.3%	-51.1%	-62.5%	-3.2%	5.3%	4%	4.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.32%	70.32%	70.32%	71.72%	71.72%	71.72%	72.57%	72.57%	72.57%	72.57%	72.57%	72.57%
	1.87%	2.08%	2.29%	2.4%	2.54%	2.6%	2.73%	2.51%	2.6%	2.58%	2.65%	3.51%
	2.02%	2.03%	2.03%	1.93%	1.67%	1.65%	1.61%	1.62%	1.63%	1.63%	1.65%	1.66%
	0%	0%	0%	0%	0%	0%	0%	0%	2.33%	2.32%	2.21%	2.12%
	25.79%	25.57%	25.36%	23.95%	24.07%	24.03%	23.09%	23.3%	20.87%	20.9%	20.92%	20.14%
No. of shareholders	—	—	—	—	—	—	—	—	9,85,987	9,58,706	9,65,982	9,57,179

Promoter holding up 2.25 percentage points since Sep 2023.

74 deals · 20 Sept 2023 – 4 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Sept 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	2,14,30,978	₹103.26	₹221.30 Cr
4 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	2,13,24,071	₹103.14	₹219.94 Cr
4 Sept 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	2,12,97,756	₹103.10	₹219.58 Cr
4 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	1,86,77,632	₹103.34	₹193.01 Cr
4 Sept 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	1,86,77,632	₹102.96	₹192.30 Cr
4 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	1,60,87,993	₹103.36	₹166.29 Cr
4 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	1,60,87,993	₹103.32	₹166.22 Cr
4 Sept 2026	QE SECURITIES LLP	Bulk	NSE	Sell	1,57,52,228	₹102.65	₹161.70 Cr
4 Sept 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	1,54,44,587	₹103.02	₹159.11 Cr
4 Sept 2026	QE SECURITIES LLP	Bulk	NSE	Buy	1,53,11,187	₹102.66	₹157.18 Cr

1–10 of 74

1 / 8

Mr. Rahul BhaveExecutive Director-Chairperson-CEO-MD
Mr. Manikumar SivaramakrishnanExecutive Director
Mr. Jitendra AsatiNon-Executive - Nominee Director
Mr. Shailesh KumarNon-Executive - Nominee Director
Mr. Narayanaswamy BalakrishnanNon-Executive - Non Independent Director
Mr. Arvind SahayNon-Executive - Non Independent Director
Mr. Arvind Kumar JainNon-Executive - Non Independent Director
Mr. Rajeev SachdevNon-Executive - Non Independent Director
Mr. Jagdish GarwalChief Risk Officer
Ms. Priyanka SharmaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 8 fund houses

Held by these funds

0.1%

of the company's equity

All mutual funds

0.15%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

23 schemes · 8 fund houses

		Shares
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	10.61 L	9.52	0.27%	0.039%	+12,978
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	5.39 L	4.84	0.27%	0.02%	+6,032
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	3.91 L	3.51	0.27%	0.015%	+3,550
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	2.38 L	2.13	0.27%	0.009%	+4,868
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	1.41 L	1.27	0.24%	0.005%	+70
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.06 L	0.95	0.03%	0.004%	+3,642
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	76,414	0.69	0.27%	0.003%	-4,183
IB20-Groww Nifty Smallcap 250 Index Fund	Groww Mutual Fund	42,052	0.38	0.27%	0.002%	+212

1–8 of 23

1 / 3

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

9

Interim dividend17 Feb 2016 · ex-date₹1
Final dividend11 Sept 2015 · ex-date₹0.5
Interim dividend2 Mar 2015 · ex-date₹1
Dividend dividend13 Aug 2014 · ex-date₹1
Dividend dividend31 Oct 2013 · ex-date₹1
Dividend dividend5 Jul 2012 · ex-date₹1
Dividend dividend30 Aug 2011 · ex-date₹1
Dividend dividend6 Sept 2010 · ex-date₹1
Dividend dividend3 Sept 2009 · ex-date₹0.8

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

88 announcementsExport CSV

30 Sept 2026, 3:42 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	98.2%	97.5%	98.3%	—	—	—	—
EBITDA margin %	49.1%	-43.3%	-35.8%	47.8%	64%	63%	47%
EBIT margin %	46.3%	-46.8%	-40.1%	42.8%	59.9%	58.6%	42.8%
PAT margin %	-7.8%	-92.5%	-113.5%	-8.1%	12.1%	18.6%	21%
Working capital
Receivable days	24	34	57	—	—	—	—
Inventory days	855	626	1,034	34	36	36	23
Payable days	—	—	5,502	—	—	—	—
NWC days	—	—	-4,410	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	8.91	—	—	8.49	4.22	3.14	3.63
Debt to equity	2.39	2.95	2.52	1.6	1.18	0.43	0.39
Interest coverage	0.9	-0.8	-0.6	1	2.3	2.4	2.3
Asset turnover	0.13	0.1	0.1	0.09	0.11	0.07	0.08
Return ratios
Return on assets %	-1%	-9.4%	-11.4%	-0.7%	1.3%	1.4%	1.6%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	-4.3%	-51.1%	-62.5%	-3.2%	5.3%	4%	4.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Power Finance Corporation LimitedPFCPFC	₹1,04,943 Cr	₹11,17,447 Cr	₹1,15,431 Cr	₹1,12,436 Cr	97.2%	₹26,046 Cr	29.1%	—	20.7%	—
Indian Railway Finance Corporation LimitedIRFCIRFC	₹1,00,706 Cr	₹5,37,176 Cr	₹28,630 Cr	₹28,318 Cr	98.8%	₹7,191 Cr	25.7%	—	12.8%	—
Rec LimitedRECLTDRECLTD	₹75,770 Cr	₹5,90,496 Cr	₹59,169 Cr	₹56,360 Cr	95.7%	₹16,035 Cr	27.4%	—	20%	—
Housing & Urban Development Corporation LimitedHUDCOHUDCO	₹32,339 Cr	₹1,74,016 Cr	₹13,930 Cr	₹12,768 Cr	91.2%	₹4,255 Cr	30.7%	—	20.2%	—
Indian Renewable Energy Development Agency LimitedIREDAIREDA	₹31,182 Cr	₹1,09,028 Cr	₹8,612 Cr	₹7,501 Cr	87.3%	₹1,983 Cr	22.6%	—	15.6%	—
Ifci LimitedIFCIIFCI	₹17,551 Cr	₹21,074 Cr	₹1,986 Cr	₹964 Cr	47%	₹174 Cr	21%	—	2.1%	—
Tourism Finance Corporation Of India LimitedTFCILTDTFCILTD	₹6,426 Cr	₹7,698 Cr	₹232 Cr	₹204 Cr	90.2%	₹85 Cr	33.6%	—	9.9%	—
Gujarat State Financial CorporationGUJSTATFINGUJSTATFIN	₹84 Cr	₹745 Cr	₹0 Cr	₹0 Cr	—	₹-125 Cr	—	—	—	—

Date	Category	Subject	Filing
30 Sept 2026, 3:42 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
17 Sept 2026, 2:24 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
16 Sept 2026, 6:43 pm	Company Update General	Addendum To The Notice Of 33Rd Annual General Meeting	PDF
15 Sept 2026, 4:52 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
14 Sept 2026, 5:34 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
8 Sept 2026, 5:06 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
3 Sept 2026, 5:20 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
2 Sept 2026, 7:59 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-5	802	-740	444	635	-438	-255	-336	12	-984	280
	77	-8	19	-23	-33	-103	-31	-59	-155	-70	25
	-316	-29	43	-234	196	193	73	465	404	415	-149
Net cash flow	-245	765	-678	186	798	-348	-213	70	261	-638	156
Free cash flow	—	—	—	—	—	-536	-279	-400	-32	-1,004	253
CFO / Operating profit %	—	—	—	—	45%	—	—	-47.3%	0.9%	-83.2%	28.8%

Ifci Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

9

1

Announcements

9

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Ifci Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends9

Board meetings1

Announcements

Dividends9

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

9

1