- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹97,295 Cr69th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 15 Oct 2026
- 13.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 15 Oct 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.96%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 15 Oct 2026
- 12.6%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- −4.92%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 4.71%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 0.06%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 1.39%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 9.19times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 91,24,57734.0% delivered
Results
Standalone; ₹ crore, the charts by years to March, the table by quarter. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 15 Oct
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹7,866 Crdown 4.78%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,958 Crup 1.62%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Dec 2024Filed 21 Jan | Mar 2025Filed 28 Apr | Jun 2025Filed 22 Jul | Sep 2025Filed 19 Nov | Dec 2025Filed 19 Jan | Mar 2026Filed 14 May | Jun 2026Filed 30 Jul | Sep 2026Filed 15 Oct |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 6,763 | 6,723 | 6,915 | 6,372 | 6,661 | 7,336 | 8,261 | 7,866 |
| Net profit | 1,631 | 1,682 | 1,746 | 1,777 | 1,802 | 1,684 | 1,927 | 1,958 |
Business segments
In the year to Mar 2026 the company reports one business segment, Leasing and financing to Railway sector, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: not used for a lender or an insurer.PE ratio and valuation history
At or below today's level on 37% of 1,231 trading days since Nov 2021.
At or below today's level on 37% of 1,240 trading days over the last 5 years.
At or below today's level on 64% of 1,240 trading days over the last 5 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −27.5% | +7.6% | −34.9% | 2.4% |
| 3 years | +50.2% | +3.4% | +43.7% | 1.6% |
| 5 years | +34.0% | +9.7% | +19.1% | 3.4% |
Mutual funds holding it
93 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 87 of the 89 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- AddedAdded. Funds that held more shares than at the end of the month before.
- 84
- CutCut. Funds that held fewer shares than at the end of the month before.
- 5
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 3
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 1
| Fund | |||
|---|---|---|---|
 ICICI Prudential Nifty Next 50 Index FundICICI Prudential Mutual Fund | 89,36,643 | 0.73% | ₹70.8 Cr |
 Nippon India ETF Nifty Next 50 Junior BeESNippon India Mutual Fund | 79,39,048 | 0.73% | ₹62.9 Cr |
 UTI Nifty Next 50 Index FundUTI Mutual Fund | 72,48,302 | 0.79% | ₹57.5 Cr |
 Groww Nifty India Railways PSU ETFGroww Mutual Fund | 43,12,688 | 19.99% | ₹34.2 Cr |
 SBI Nifty Next 50 ETFSBI Mutual Fund | 26,71,541 | 0.73% | ₹21.2 Cr |
 HDFC Nifty Next 50 Index FundHDFC Mutual Fund | 24,06,139 | 0.73% | ₹19.1 Cr |
| ICICI Prudential Nifty Next 50 ETFICICI Prudential Mutual Fund | 23,96,618 | 0.73% | ₹19.0 Cr |
| SBI Nifty Next 50 Index FundSBI Mutual Fund | 21,37,242 | 0.73% | ₹16.9 Cr |
| UTI Nifty Next 50 Exchange Traded FundUTI Mutual Fund | 20,15,705 | 0.73% | ₹16.0 Cr |
| Groww Nifty India Railways PSU Index FundGroww Mutual Fund | 15,70,602 | 20.05% | ₹12.5 Cr |
Peers and competitors
Financial Institution, 9 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Indian Railway Finance Corporation in market cap. 1 company in the table last traded before then: its row is priced on its last trade.
Where the company sits among the companies nearest its size
| Company | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
 Power Finance CorporationPFC | 1,04,283 | 4.0 | 0.8 | – | +4.6% | +7.1% | 20.8% | – | 2.78% | 3.83% | 5.93% |
 RECRECLTD | 77,404 | 4.8 | 0.9 | – | +2.0% | −5.1% | 19.6% | – | 2.60% | 3.74% | 6.19% |
 Housing & Urban Development CorporationHUDCO | 29,232 | 6.9 | 1.3 | – | +25.9% | +53.0% | 21.3% | – | 2.73% | 2.89% | 4.21% |
 Indian Renewable Energy Development AgencyIREDA | 28,168 | 14.3 | 2.0 | – | – | – | 14.4% | – | 2.16% | 3.92% | 1.35% |
 IFCIIFCI | 15,972 | 91.6 | 1.8 | 12.9 | +4.8% | – | 2.0% | 4.6% | – | – | 0.00% |
 Tourism Finance Corporation of IndiaTFCILTD | 6,832 | 44.3 | 5.2 | – | +14.8% | +41.4% | 12.2% | – | 5.47% | 6.89% | 0.41% |
 Haryana Financial CorporationHARAFIN | 1,189 | 156.2 | 6.9 | – | +2,363.4% | – | 4.5% | – | – | – | 0.00% |
 Gujarat State Financial corporationGUJSTATFIN | 76 | – | – | – | +7.1% | – | – | – | −56.12% | −65.65% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 23 Oct 2026 | Interim | ₹1.15 |
| 13 Mar 2026 | Interim | ₹1.05 |
| 24 Oct 2025 | Interim | ₹1.05 |
| 21 Mar 2025 | Interim | ₹0.80 |
| 12 Nov 2024 | Interim | ₹0.80 |
| 22 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.70 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
16 Oct · Analysts
File name: “linkintimation”
8 Oct · Analysts
7 Oct · Corporate action
Indian Railway Finance Corporation share price by year
Each calendar year to 2025.Indian Railway Finance Corporation share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 124.62 | −16.4% | 153.70 | 110.81 |
| 2024 | 149.04 | +50.0% | 217.43 | 99.95 |
| 2023 | 99.35 | +205.2% | 100.10 | 25.50 |
| 2022 | 32.55 | +42.5% | 35.65 | 19.50 |
| 2021 | 22.85 | – | 25.90 | 20.85 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 76.46 | 76.47 | 73.76 | 74.45 | 74.61 | 91,24,577 | 34.0% |
| 22 Oct 2026 | 76.80 | 77.73 | 75.60 | 77.00 | 76.84 | 89,18,190 | 25.5% |
| 21 Oct 2026 | 78.44 | 78.70 | 76.27 | 76.80 | 77.12 | 87,27,986 | 34.5% |
| 19 Oct 2026 | 80.25 | 80.60 | 78.00 | 78.44 | 79.07 | 84,14,248 | 38.0% |
| 16 Oct 2026 | 79.22 | 81.10 | 77.30 | 80.25 | 79.88 | 1,73,70,019 | 20.5% |
| 15 Oct 2026 | 80.00 | 80.20 | 78.50 | 78.90 | 79.24 | 65,81,260 | 30.9% |
| 14 Oct 2026 | 79.70 | 80.72 | 79.21 | 79.75 | 79.97 | 1,02,98,792 | 32.9% |
| 13 Oct 2026 | 77.83 | 79.67 | 77.75 | 79.62 | 78.92 | 1,44,36,646 | 28.5% |
| 12 Oct 2026 | 74.85 | 78.07 | 74.80 | 77.50 | 77.29 | 1,71,09,967 | 22.2% |
| 9 Oct 2026 | 74.30 | 75.20 | 74.06 | 74.70 | 74.80 | 1,01,48,242 | 49.1% |
About Indian Railway Finance Corporation
Indian Railway Finance Corporation (IRFC) is the dedicated financing arm of the Indian Railways ecosystem. It raises money from investors and lenders and uses it to finance rolling stock and railway infrastructure.
Its main activity is leasing. Rolling stock and railway infrastructure assets of Indian Railways are leased on long-term arrangements, generally with a tenure of up to 30 years, and the assets are transferred to the Ministry of Railways at a nominal value when the lease ends. The company also lends to railway-related entities and infrastructure projects in sectors such as renewable energy, power generation and transmission, logistics and mining. To fund this, it borrows through taxable bonds, 54EC bonds, term loans, commercial papers and external commercial borrowings, in domestic and international markets.
IRFC operates as a Schedule 'A' Navratna Central Public Sector Enterprise under the Ministry of Railways, and is recognised by the Reserve Bank of India as an NBFC-NDSI-IFC. An NBFC is a non-banking financial company, which lends money but does not take deposits like a bank. It describes itself as a Government of India enterprise under the administrative control of the Ministry of Railways. Its registered office is in New Delhi.
It was incorporated in 1986. The Department of Public Enterprises granted it Navratna status in March 2025. Its shares have been listed on both NSE and BSE since 29 January 2021.
- Legal name
- Indian Railway Finance Corporation Limited
- NSE symbol
- IRFC
- BSE code
- 543257
- ISIN
- INE053F01010
- Industry
- Finance
- Listed
- Jan 2021
- Face value
- ₹10
- CIN
- L65910DL1986GOI026363
- Corporate identity number, the registrar of companies' code for it