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Power Finance Corporation Limited (PFC) · mywealthgrid

About

Finances power sector infrastructure. ₹1.24 lakh Cr market cap, ₹29k Cr annual revenue (Jun 2026). ROE 20.67% and OPM 97.24% show strong profitability; D/E 7.62 reflects typical finance-sector leverage.

Founded: 1986
Face value: ₹10

Market cap

₹1,04,943 Cr

P/E

4.0×

P/B

0.8×

Dividend yield

5.9%

ROE

20.7%

ROCE

—

Debt / equity

7.62

OPM

97.2%

EPS (TTM)

₹78.9

Book value

₹402.6

52-week high

₹481.4

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Interest rate exposure: D/E 7.62 highly leverages company to funding cost increases and spread compression. Verify funding mix, rates, hedging strategies.
Margin compression vulnerability: OPM at 97.24% leaves minimal cushion; small net interest margin deterioration could significantly reduce profits.
Power sector dependency: Earnings tied to power capex cycles and government policy. Verify NPA trends, sector composition, capex outlook.
Market disconnect: 1Y return −8.06% despite PE 4.76 (low) suggests market concerns. Verify reasons for valuation discount and competitive threats.

Generated analysis · source review pending

Growth drivers

Loan book expansion: Annual revenue ₹29k Cr with quarterly profit ₹4.5–6.3k Cr; expanding loan portfolio while maintaining OPM 93–105% drives profit growth.
Margin stability: OPM consistently 93–105% quarterly shows operational resilience; loan book growth directly translates to profit growth if margins hold.
Capital efficiency: ROE 20.67% indicates strong capital deployment; if loan portfolio funded via leverage while maintaining returns, shareholder value compounds.
Power infrastructure financing: Company finances power sector; growth depends on capex in generation, transmission, distribution, renewables. Verify government capex plans and renewable energy financing demand.

Generated analysis · source review pending

₹318.0-20%1Y

Beta

1.61

Amplifies index moves

Volatility (1y)

28.5%

Annualised, daily returns

RSI (14)

15.1

Oversold territory

Rel. strength (1y)

-30.3%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 21% (3-yr avg)
+Healthy operating margin of 97.2%
+Profit CAGR of 17.1% over the last 5 years
+Dividend yield of 5.9%

Cons

−Heavily leveraged (debt/equity 7.6)
−Weak interest coverage of 1.6×

Research score

Structured signal from quality, growth, valuation and momentum.

44/100

Business quality: 42
Growth: 37
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 NEXT 50 NIFTY 100 NIFTY 200 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
	62,189	71,656	76,262	77,568	91,097	1,06,502	1,15,444
Interest	40,845	44,684	44,709	47,017	57,962	64,670	69,415
Expenses	7,335	7,107	8,197	4,061	-429	3,241	3,181
Financing profit	14,010	19,865	23,356	26,491	33,563	38,591	42,848
Financing margin %	22.5%	27.7%	30.6%	34.2%	36.8%	36.2%	37.1%
Other income	86	45	83	57	78	97	83
Depreciation	24	25	35	52	53	56	63
Exceptional items	0	0	0	0	0	0	-18
Profit before tax	14,093	19,891	23,382	26,496	33,588	38,632	42,850
Tax	4,615	4,175	4,614	5,317	7,127	8,118	9,224
Tax %	32.8%	21%	19.7%	20.1%	21.2%	21%	21.5%
PAT	9,477	15,716	18,768	21,179	26,461	30,514	33,625
EPS (₹)	27	44.5	53.1	60.2	59.9	69.7	78.5
EPS adjusted (₹)	21.6	35.6	42.5	48.2	59.9	69.7	78.5
	35.2%	22.5%	22.6%	22%	22.5%	22.7%	23.6%
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	Annual report for Mar 2026

₹ 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	1,320	2,640	2,640	2,640	2,640	2,640	2,640	2,640	3,300	3,300	3,300
Reserves	36,028	34,708	34,782	44,481	46,760	58,127	69,036	81,518	97,847	1,14,438	1,29,561
Minority interest	—	—	14,593	16,363	16,766	21,023	24,599	27,823	33,142	37,417	40,580
	—	—	3,82,947	5,39,488	5,96,561	6,59,682	6,60,476	7,51,158	—	9,71,758	10,12,503
	2,09,871	2,22,071	23,135	25,897	31,794	34,235	34,249	32,973	9,04,589	51,173	58,634
Total equity & liabilities	2,47,220	2,59,420	4,58,097	6,28,869	6,94,521	7,75,707	7,91,000	8,96,112	10,38,877	11,78,087	12,44,579
	265	403	153	196	196	304	673	782	724	760	754
CWIP	—	—	—	197	288	336	53	11	28	76	128
Investments	411	1,326	6,903	—	3,854	2,950	3,774	5,973	0	12,792	15,549
	2,46,544	2,57,691	4,51,041	6,28,476	6,94,037	7,75,067	7,90,274	8,89,346	10,38,125	11,64,458	12,28,148
Total assets	2,47,220	2,59,420	4,58,097	6,28,869	6,94,521	7,75,707	7,91,000	8,96,112	10,38,877	11,78,087	12,44,579

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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 %	—	—	—	—	—	—	—
EBITDA margin %	88.2%	90.1%	89.3%	94.8%	100.5%	97%	97.2%
EBIT margin %	88.2%	90%	89.2%	94.7%	100.4%	96.9%	97.2%
PAT margin %	15.2%	21.9%	24.6%	27.3%	29.1%	28.7%	29.1%
Working capital
Receivable days	1	1	1	—	—	—	—
Inventory days	—	—	—	0	—	0	0
Payable days	3	4	2	—	—	—	—
NWC days	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—
Debt to EBITDA	10.88	10.22	9.7	10.22	—	9.41	9.02
Debt to equity	12.08	10.86	9.21	8.93	—	8.25	7.62
Interest coverage	1.3	1.4	1.5	1.6	1.6	1.6	1.6
Asset turnover	0.09	0.09	0.1	0.09	0.09	0.09	0.09
Return ratios
Return on assets %	1.4%	2%	2.4%	2.4%	2.5%	2.6%	2.7%
Return on capital employed %	—	—	—	—	—	—	—
Return on equity %	19.2%	25.9%	26.2%	25.2%	26.2%	25.9%	25.3%

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
	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%	55.99%
	16.85%	17.86%	17.19%	17.93%	17.74%	18.04%	18.84%	18.66%	18.84%	18.33%	19.64%	20.54%
	17.89%	17.52%	18.26%	17.08%	17.48%	17.16%	16.18%	16.12%	16.03%	15.48%	15.05%	14.51%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	9.27%	8.63%	8.56%	9%	8.79%	8.81%	8.99%	9.23%	9.14%	10.2%	9.32%	8.96%
No. of shareholders	—	—	—	—	—	—	—	—	10,97,217	11,30,351	10,54,196	10,04,992

Promoter holding up 0 percentage points since Sep 2023.

20 deals · 31 Aug 2023 – 18 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Nov 2025	RELIANCE TRUST INSTITUTIONAL RETIREMENT TRUST SERIES TWELVE	Block	NSE	Sell	27,72,227	₹376.40	₹104.35 Cr
18 Nov 2025	GQG PARTNERS EMERGING MARKETS EQUITY CIT	Block	NSE	Buy	27,72,227	₹376.40	₹104.35 Cr
16 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	11,59,808	₹401.85	₹46.61 Cr
16 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	11,59,808	₹401.85	₹46.61 Cr
15 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	10,00,456	₹395.70	₹39.59 Cr
15 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	10,00,456	₹395.70	₹39.59 Cr
12 Sept 2025	SOCIETE GENERALE	Block	NSE	Buy	24,37,238	₹399.55	₹97.38 Cr
12 Sept 2025	MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND	Block	NSE	Sell	24,37,238	₹399.55	₹97.38 Cr
9 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	9,25,828	₹395.15	₹36.58 Cr
9 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	9,25,828	₹395.15	₹36.58 Cr

1–10 of 20

1 / 2

Ms. Parminder ChopraExecutive Director-Chairperson-CEO-MD
Smt. Ankit BansalChief Risk Officer
Mr. Shashank MisraNon-Executive - Nominee Director
Mr. Sudhir MehtaNon-Executive - Independent Director
Mr. Shri Rajesh Kumar AgarwalExecutive Director
Mr. Shri V. PackirisamyExecutive Director
Mr. Shri Pankaj GuptaNon-Executive - Independent Director
Mr. Pankaj GuptaNon - Executive Independent Director
Manish Kumar AgarwalCompany 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.

End of day 30 Sept 2026 · underlying ₹325.5 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹328.6	+0.7	+0.2%	₹328.6	76,094	+198	4,897	1300
23 Nov 2026	₹329.5	+0.8	+0.2%	₹329.5	2,596	+75	336	1300
29 Dec 2026	₹329.8	+0.8	+0.2%	₹329.8	38	+38	46	1300

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

29

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	270

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Fund holders

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

Portfolio month

Schemes holding

113

across 19 fund houses

Held by these funds

4.67%

of the company's equity

All mutual funds

9.34%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

113 schemes · 19 fund houses

		Shares
Portfolio of Kotak Multi Cap FundNEW	Kotak Mahindra Mutual Fund	2.11 Cr	709.09	2.32%	0.639%	—
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	1.47 Cr	494.41	0.69%	0.445%	—
Arbitrage FundNEW	SBI Mutual Fund	1.23 Cr	413.89	0.88%	0.373%	—
Growth Mid Cap FundNEW	Nippon India Mutual Fund	1.12 Cr	375.01	0.72%	0.338%	—
Portfolio of Kotak Multi Asset Allocation Fund	Kotak Mahindra Mutual Fund	93.5 L	314.44	2.06%	0.283%	-0
ELSS Tax Saver Fund	Nippon India Mutual Fund	91.11 L	306.41	2.08%	0.276%	-0
SMALL CAP FUND	Nippon India Mutual Fund	73.93 L	248.63	0.3%	0.224%	-0
Nifty Next 50 Index Fund	ICICI Prudential Mutual Fund	57.96 L	194.93	1.93%	0.176%	+92,543

1–8 of 113

1 / 15

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Documents

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

Announcements

Loading documents…

Events

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

49

Interim dividend27 Aug 2026 · ex-date₹3.9
Final dividend31 Jul 2026 · ex-date₹3.95
Interim dividend23 Mar 2026 · ex-date₹3.25
Interim dividend20 Feb 2026 · ex-date₹4
Interim dividend26 Nov 2025 · ex-date₹3.65
Interim dividend18 Aug 2025 · ex-date₹3.7
Final dividend13 Jun 2025 · ex-date₹2.05
Interim dividend19 Mar 2025 · ex-date₹3.5
Interim dividend28 Feb 2025 · ex-date₹3.5
Interim dividend25 Nov 2024 · ex-date₹3.5
Interim dividend30 Aug 2024 · ex-date₹3.25
Final dividend26 Jul 2024 · ex-date₹2.5
Interim dividend22 Mar 2024 · ex-date₹3
Interim dividend20 Feb 2024 · ex-date₹3.5
Interim dividend24 Nov 2023 · ex-date₹4.5
Final dividend16 Jun 2023 · ex-date₹4.5
Interim dividend24 Feb 2023 · ex-date₹3.5
Interim dividend24 Nov 2022 · ex-date₹3
Interim dividend1 Sept 2022 · ex-date₹2.25
Final dividend9 Jun 2022 · ex-date₹1.25
Interim dividend25 Feb 2022 · ex-date₹6
Interim dividend24 Nov 2021 · ex-date₹2.5
Interim dividend31 Aug 2021 · ex-date₹2.25
Final dividend1 Jul 2021 · ex-date₹2
Interim dividend19 Mar 2021 · ex-date₹8
Interim dividend28 Feb 2020 · ex-date₹9.5
Interim dividend6 Mar 2018 · ex-date₹1.8
Interim dividend10 Nov 2017 · ex-date₹6
Interim dividend30 Mar 2017 · ex-date₹5
Final dividend11 Aug 2016 · ex-date₹0.6
Interim dividend16 Feb 2016 · ex-date₹4.5
Interim dividend23 Dec 2015 · ex-date₹8.8
Final dividend15 Sept 2015 · ex-date₹0.6
Interim dividend4 Mar 2015 · ex-date₹8.5
Final dividend10 Sept 2014 · ex-date₹0.2
Interim dividend7 Feb 2014 · ex-date₹8.8
Final dividend10 Sept 2013 · ex-date₹1
Interim dividend4 Feb 2013 · ex-date₹6
Final dividend5 Sept 2012 · ex-date₹1
Interim dividend8 Feb 2012 · ex-date₹5
Final dividend12 Sept 2011 · ex-date₹1.5
Interim dividend21 Jan 2011 · ex-date₹3.5
Final dividend3 Sept 2010 · ex-date₹1.5
Interim dividend3 Feb 2010 · ex-date₹3
Final dividend7 Sept 2009 · ex-date₹1.35
Interim dividend24 Feb 2009 · ex-date₹2.65
Final dividend14 Jul 2008 · ex-date₹1
Interim dividend11 Feb 2008 · ex-date₹2.5
Final dividend7 Sept 2007 · ex-date₹1

1

Board meeting to consider results7 Aug 2026

2

Bonus 1:421 Sept 2023 · ex-date
Bonus 1:126 Aug 2016 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

137 announcementsExport CSV

1 Oct 2026, 10:57 amCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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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
1 Oct 2026, 10:57 am	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
28 Sept 2026, 5:39 pm	Company Update General	Transfer Of Latur REZ Transmission Limited And Raigad Power Transmission Limited (Wholly Owned Subsidiaries Of PFC Consulting Limited) (Wholly Owned Subsidiary Of Power Finance Corporation Limited).	PDF
28 Sept 2026, 10:44 am	Company Update General	Incorporation Of Wholly Owned Subsidiary Of PFC Consulting Limited (A Wholly Owned Subsidiary Of Power Finance Corporation Limited) - MALEGAON POWER TRANSMISSION LIMITED	PDF
22 Sept 2026, 12:08 pm	Company Update Cessation	Announcement under Regulation 30 (LODR)-Cessation	PDF
9 Sept 2026, 1:58 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
1 Sept 2026, 4:07 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
31 Aug 2026, 7:37 pm	Company Update General	Proceedings Of 40Th AGM Of Power Finance Corporation Limited	PDF
29 Aug 2026, 3:28 pm	Company Update General	Transfer Of Fatehgarh II Transmission Limited (Wholly Owned Subsidiary Of PFC Consulting Limited) (Wholly Owned Subsidiary Of Power Finance Corporation Limited).	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-13,298	1,636	-24,708	-44,500	-10,026	-59,143	1,632	-74,699	-97,820	-92,269	-4,505
	-1,973	-501	1,428	-13,820	1,556	1,741	-367	-1,694	-3,409	-2,312	-3,441
	10,383	1,950	23,775	58,092	8,342	60,424	-5,279	75,518	1,01,261	94,258	9,265
Net cash flow	-4,888	3,086	495	-228	-128	3,023	-4,014	-874	32	-323	1,319
Free cash flow	—	—	-24,718	-44,508	-10,039	-59,257	1,512	-74,822	-98,144	-93,106	-4,842
CFO / Operating profit %	—	—	—	—	-18.3%	-91.6%	2.4%	-101.6%	-106.9%	-89.4%	-4%

Power Finance Corporation Limited

Power Finance Corporation Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

29

Fund holders

Documents

Announcements

Events

49

1

2

Announcements

49

1

2

3

29

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Power Finance Corporation Limited

Power Finance Corporation Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

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

Futures3

Option chain29

Fund holders

Documents

Announcements

Events

Dividends49

Board meetings1

Bonus issues2

Announcements

Dividends49

Board meetings1

Bonus issues2

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain29

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

3

29

49

1

2

49

1

2

3

29