Indian Railway Finance Corporation Ltd.
Snapshot View

23.65 +0.05 ▲0.2%

05 August 2021, 04:00:00 P.M.
Volume: 2,285,265

Overview View Details

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Website http://www.irfc.co.in
Financial Indicators
Market Cap 30,907.02 Cr.
Earnings per share (EPS) 3.38 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 7.00 Trailing Twelve Months Ending 2021-03
Industry PE 4.78 Trailing Twelve Months Ending 2021-03
Book Value / Share 27.48 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.86 Calculated using Price: 23.65
Dividend Yield 0.71 Period Ending 2020-03
No. of Shares Subscribed 1,306.85 Cr. 13,068,506,000 Shares
FaceValue 10
Company Profile

The company was incorporated as Indian Railway Finance Corporation Limited on December 12, 1986, as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana (RoC). Indian Railway Finance Corporation is wholly-owned by the Government of India acting through the MoR. It is registered with the Reserve Bank of India as a NBFC (Systematically Important) and is classified under the category of an ‘Infrastructure Finance Company’ under Section 45-IA of the Reserve Bank of India Act, 1934. It was notified as a ‘Public Financial Institution’ under the Companies Act, 1956 through a notification dated October 8, 1993 issued by the Ministry of Corporate Affairs.

The company is responsible for raising the finance necessary for such activities. Over the last three decades, it has played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay. The company follows a financial leasing model for financing the Rolling Stock Assets. The period of lease with respect to Rolling Stock Assets is typically 30 years comprising a primary period of 15 years followed by a secondary period of 15 years, unless otherwise revised by mutual consent. In terms of the leasing arrangements, the principal amount pertaining to the leased assets is effectively payable during the primary 15 years lease period, along with the weighted average cost of incremental borrowing and a margin determined by the MOR in consultation with it at the end of each Fiscal.

Business area of the company

The company is the dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement (collectively, “Rolling Stock Assets), leasing of railway infrastructure assets and national projects of the Government of India (collectively, Project Assets) and lending to other entities under the Ministry of Railways, Government of India (MoR). The MoR is responsible for the procurement of Rolling Stock Assets and for the improvement, expansion and maintenance of Project Assets.

Awards and Accreditations

  • 2018: Awarded “Mini Ratna Category I” status.
  • 2019: Awarded “Best Growth Performance-Financial Services” and “Best Miniratna in Services” at the
    PSU Awards 2019, organised by dun & bradstree.

History and Milestones

  • 1988: Commencement of fund raising from the domestic capital market.
  • 1988: Financing the procurement of Rolling Stock Assets by Indian Railways.
  • 1988: Raised loan from Export Import Bank of Japan on behalf of the Ministry of Finance.
  • 1991: Company declared dividend to the GoI.
  • 1993: Declared as a Public Financial Institution under Section 4A of the Companies Act, 1956.
  • 1996: Issue of floating rate notes of USD 70 million in the offshore market.
  • 1996: Public issue of deep discount bonds.
  • 1998: Registered as a NBFC.
  • 1998: Raised term loans from Corporation Bank and Indian Overseas Bank for a tenure of 15 years.
  • 1998: Issue of secured, redeemable, non-cumulative, taxable bonds to Life Insurance Corporation of India for tenure of 15 years.
  • 1999: Issue of secured, redeemable, non-cumulative, taxable bonds in Separately Transferable Redeemable
    Principal Parts (STRPP).
  • 2003: Raised USD 75 million through syndicated foreign currency loan.
  • 2006: Issue of floating rate bonds in the domestic capital market.
  • 2008: Categorized as NBFC-ND-AFC by RBI.
  • 2010: Issuance of secured, redeemable, non-cumulative, taxable bonds for a tenure of 25 years.
  • 2010: Categorized as NBFC-IFC by RBI.
  • 2011: Issue of Euro-Dollar bonds (Regulation S) in the offshore market.
  • 2011: Raised foreign currency term loan from American Family Life Assurance Company of Columbus for a tenure of 15 years.
  • 2012: Raised funds through a public issue of tax - free bonds at a differential coupon rate.
  • 2012: The company entered into a memorandum of understanding dated July 27, 2012 with MoR with respect to the financing of railway infrastructure projects by the company. The MoU sets out the understanding between the parties as regards the leasing by the company to the MoR of the infrastructure assets like railway tracks etc. owned by the company.
  • 2016: Mobilization of Rs 95,000 million through tax free bonds.
  • 2016: Forayed into funding railway projects through institutional finance from LIC.
  • 2018: Central Board of Direct Taxes vide notification dated August 8, 2017 notified that the any bond redeemable after three years issued by the company will be classified as “long-term specified asset” under Section 54EC of the Income-tax Act, 1961.
  • 2018: The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation (Singapore branch) sanctioned syndicated loan to the company amounting to JPY equivalent of USD 250 million for a period of 10 years.
  • 2018: Unsecured fixed rate Regulation S green bonds issued by the company amounting to USD 500 million for a period of 10 years.
  • 2019: Set up Euro Medium Term Note (EMTN) Programme for USD 2 billion.
  • 2019: Issuance of Reg S Bonds of USD 500 Million in the EMTN format.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.21%
1 Week
+3.28%
1 Month
-2.87%
3 Month
+12.62%
6 Month
-8.16%
1 Year
2 Year
5 Year
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 10.19 9.53 10.68 9.80 9.61 8.67 15.70 11.68 13.19
Return on Capital Employed (%) 9.44 9.16 8.66 8.77 8.35 8.30 8.23 6.38 5.93
Return on Assets (%) 0.90 0.79 0.91 0.88 0.87 0.78 1.37 1.22 1.52

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 5,401 6,394 7,562 8,682 11,525 12,010 13,565 25,029 30,962
Non Curr. Liab. 49,988 55,967 69,258 66,748 82,051 104,843 123,296 120,620 154,030
Curr. Liab. 5,201 8,393 7,110 12,218 14,824 12,797 25,471 60,955 93,489
Minority Int.
Equity & Liab. 60,589 70,755 83,930 87,647 108,400 129,650 162,332 206,604 278,482
Non Curr. Assets 54,603 65,590 75,920 80,715 97,906 118,562 148,226 74 3,160
Curr. Assets 5,986 5,165 8,010 6,932 10,494 11,087 14,106 206,529 275,322
Misc. Exp. not W/O
Total Assets 60,589 70,755 83,930 87,647 108,400 129,650 162,332 206,604 278,482

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 4,642 5,550 6,187 6,939 7,506 9,047 11,019 11,134 13,838
Other Income 1 2 11 1 1 1 2 0
Total Income 4,643 5,552 6,198 6,940 7,507 9,048 11,020 11,134 13,839
Total Expenditure -13 -19 -19 -34 -38 -26 -38 -48 -66
PBIDT 4,630 5,533 6,179 6,906 7,469 9,022 10,982 11,085 13,773
Interest -3,616 -4,078 -4,607 -4,992 -5,519 -6,888 -8,437 -8,183 -10,080
Depreciation 0 0 0 0 0 0 0 0 0
Taxation -532 -933 -871 -1,156 -1,101 -1,199 -538 -647
Exceptional Items
PAT 481 522 701 758 849 934 2,007 2,255 3,692

Cash Flow View Details

Particulars 9 years 2011-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -5,332 -8,312 -10,482 -1,292 -16,378 -19,455 -27,936 -41,748 -62,718
Cash Fr. Inv. -17 2 2 2 2 2 2 1 1
Cash Fr. Finan. 4,984 8,357 10,612 1,058 17,582 18,250 28,027 41,749 62,714
Net Change -365 47 132 -232 1,206 -1,204 92 3 -2
Cash & Cash Eqvt 31 105 237 5 1,211 8 100 4 1

Shareholding Pattern View Details

5 Qtrs 2013-09 (%) 2014-03 (%) 2015-03 (%) 2021-03 (%) 2021-06 (%)
Promoter 0.00 0.00 100.00 86.36 86.36
Public 100.00 100.00 0.00 13.64 13.64
Depository Receipts 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 04 Aug 2021
Board Meeting Intimation for Consider And Approve The Unaudited Financial Results Of The Company And Other Financial Statements Namely Cash Flow Statement For The Period Ended 30Th June 2021 And Balance Sheet As On That Date
Indian Railway Finance Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2021 inter alia to consider and approve consider and approve the Unaudited Financial Results of the Company and other financial statements namely Cash Flow Statement for the period ended 30th June 2021 and Balance Sheet as on that date
Wed, 04 Aug 2021
Intimation For Change Of Investor'S Email Id
Intimation for change of Investors email id
Fri, 30 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release- NSE IFSC lists Indian Railway Finance Corporations Foreign Currency Bonds and Green Bonds

Technical Scans View Details

Thu, 05 Aug 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
S Close Above Last Week High
5 SMA Crossing 20 SMA From Below 5 SMA Crossing 20 SMA From Below
Wed, 04 Aug 2021
Higher Delivery Quantity Higher Delivery Quantity

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