IFCI Q1 FY27: Negative CRAR at minus 17.58%, Gross NPAs 95.68%
IFCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Smallcap 250 and 2.2 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IFCI reported Q1 FY27 consolidated PAT of Rs 60.27 Cr versus Rs 62.43 Cr YoY. Total income fell to Rs 327.06 Cr from Rs 407.18 Cr YoY. Standalone EPS was Rs 0.03. Major red flags: Capital Risk Adequacy Ratio (CRAR) is negative at minus 17.58%, far below RBI's required 15% minimum. Gross NPAs remain extremely elevated at 95.68% of loans. Debt-equity ratio is 2.00. Auditor flagged Emphasis of Matter on negative CRAR, IFCI group consolidation or merger plans approved in principle by the government, pending Supreme Court litigation in subsidiary, and impairment reserve treatment.
Negative CRAR and 95.68% NPAs signal deep financial stress. Group merger or consolidation talks ongoing, but near-term outlook weak.