Sanctions and disburses loan facilities to borrowers as a Government of India financial institution, operating as a public sector undertaking established in 1948. In FY26, it reported consolidated revenue of Rs 2,068.84 crore and net profit of Rs 434.71 crore on total assets of Rs 26,570.37 crore. The cost shape reflects a lending model: materials at 0.1% of revenue, employee costs at 17.2%, other operating expenses at 17.8%, and depreciation at 4.1%. Asset quality on a FY26 standalone basis is severely stressed, with gross non-performing assets at 95.79% and a Capital to Risk-Weighted Assets Ratio (CRAR) of -18.78%, alongside negative other equity of Rs -908.80 crore. A Serious Fraud Investigation Office (SFIO) report has been filed as a petition before the NCLT relating to facilities disbursed before end-FY17; the net book value of the impacted loans and investments stood at Rs 157.26 crore as of 31 December 2025, with the company stating necessary provisioning has already been done. Audit emphasis-of-matter notes flag a planned IFCI Group consolidation. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Loan facilities (sanctioned and disbursed). Stressed-asset-quality, Government of India PSU financial institution with negative standalone capital adequacy.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,552 | 1,485 | 1,987 | 1,876 | 2,069 |
| EBITDA (ex other income) | (557) | 708 | 1,275 | 1,179 | 961 |
| margin % | (35.9) | 47.7 | 64.2 | 62.9 | 46.4 |
| Owners' profit | (1,831) | (208) | 104 | 171 | 181 |
| EPS, as reported (₹) | (8.71) | (0.95) | 0.42 | 0.65 | 0.69 |
| ROE % · ROCE % | (34.8) · — | (1.8) · — | 3.1 · — | 2.3 · — | 2.8 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (255) | (336) | 12 | (984) | 130 |
| Capex | (23) | (64) | (44) | (20) | (27) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 617 | 458 | 414 | 407 | 732 | 456 | 470 | 327 |
| Profit before tax | 275 | 94 | 340 | 103 | 381 | 13 | 27 | 96 |
| Net profit | 185 | (9) | 260 | 62 | 317 | 21 | 34 | 60 |
| EPS (₹) | 0.32 | (0.12) | 0.87 | 0.15 | 0.53 | (0.06) | 0.05 | 0.12 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| POWER FIN CORP LTD. | 1,16,642 | 4.5 | 0.67 | 1.0 | 19.4 | — | 10.0 | 100.0 |
| INDIAN RAILWAY FIN CORP L | 1,05,973 | 14.7 | 1.87 | — | 12.4 | — | — | 101.1 |
| REC LIMITED | 82,341 | 5.2 | 0.97 | 1.4 | 19.2 | — | 10.9 | 97.1 |
| HSG & URBAN DEV CORPN LTD | 34,513 | 8.1 | 1.57 | 2.8 | 18.4 | — | 12.7 | 97.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · IFCI gets Dhawan and Co as Statutory Auditor for FY 2026-27 | management changes | medium | — | — |
| 3 Sept 2026 · IFCI 33rd AGM scheduled for September 25, 2026 via video conferencing | compliance | minimal | — | — |
| 2 Sept 2026 · IFCI sets Sep 25, 2026 as 33rd AGM date; book closure Sep 19-25 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · IFCI 33rd AGM on Sept 25, 2026; FY26 net profit rises to Rs 51.71 cr | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Credit ratings reaffirmed at CARE BB with Developing watch | credit debt | medium | — | — |
| 14 Aug 2026 · Newspaper notice on SEBI special window for physical shares and KYC update | compliance | minimal | — | — |
| 11 Aug 2026 · IFCI Q1 FY27: Negative CRAR at minus 17.58%, Gross NPAs 95.68% | results | high | — | — |
| 11 Aug 2026 · IFCI Q1FY27 results: CRAR negative 17.58%, NPAs at 95.68% | results | high | — | — |
| 17 Jul 2026 · IFCI board to meet Aug 11, 2026 to approve Q1 FY27 results | results | low | — | — |
| 7 Jul 2026 · Quarterly dematerialization certificate submitted to exchanges | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| INDIAN RENEWABLE ENERGY |
| 31,382 |
| 15.9 |
| 2.28 |
| 4.3 |
| 13.6 |
| — |
| — |
| 78.5 |
| IFCI LTD ◆ | 22,274 | 129.2 | 1.44 | 20.9 | 2.8 | — | 0.0 | 67.2 |
| TOURISM FINANCE CORP. OF | 6,563 | 15.0 | 6.74 | 27.7 | 4.6 | — | — | 90.1 |
| HARYANA FINANCIAL CORPORATION | 1,246 | 1200.0 | — | — | — | 4.9 | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 129.2 | 14.7 | 8 of 9 | 13% |
| P/B | 1.4 | 1.6 | 3 of 7 | 67% |
| ROE | 2.8 | 13.6 | 7 of 7 | 0% |
| Debt / Equity | 0.0 | 0.0 | 1 of 7 | 0% |
| EBITDA margin | 67.2 | 97.1 | 7 of 7 | 0% |
| Revenue growth | (19.7) | (0.0) | 7 of 7 | 0% |
| Profit growth | (3.5) | (1.6) | 5 of 8 | 43% |
| Market cap | 22274 | 31382 | 6 of 9 | 38% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
