IFCI Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – IFCI (Industrial Financial Corporation of India) was formed in 1948 as a statutory corporation to provide finance for productive activities—the company is involved in provision of funds for projects related to airports, roads, telecom, power, real estate, manufacturing, and services amongst others. It is located in the Ministry of Finance, Indian Government and listed on the NSE (National Stock Exchange) as well as BSE (Bombay Stock Exchange).
Latest Update – On 08 Aug, 2024, IFCI made public their Q1 performance, displaying a combination of financial results. In comparison to last year’s period, the company reported an astonishing increase of 18.45% in sales, but also saw the net loss decline by 24.64%.
IFCI Overview
Contents
IFCI, once referred to as the Industrial Finance Corporation of India, is an Indian government-owned non-banking financial institution that was set up to fulfil the long-term financing requirements of the industrial sector.
| Company Name | IFCI |
|---|---|
| Listed at | NSE & BSE |
| Head Office | IFCI Tower, 61 Nehru Place, New Delhi-110 019 |
| Board Of Directors |
|
| Official Website | ifciltd.com |
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IFCI Business Profile
Established in 1948, IFCI Limited is a non-banking financial company that provides funding for an array of projects like airports, roads, telecom, power, real estate, manufacturing, services sector as well as allied industries.
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Project Finance
Funding opportunities are available for the greenfield projects, brownfield projects, project diversification, and modernization of already existing projects in infrastructure and manufacturing industries.
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Corporate Finance
The services that we provide include Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements, Capital Expenditure, and regular Maintenance Capex.
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Syndication & Advisory
It gives tailored services regarding business consultancy for companies as well as aids in the financial restructuring of several corporate enterprises.
Project Financed
Financial help has been availed on ventures (projects) like Adani Mundra Ports, GMR Goa International Airport, Salasar Highways, NRSS Transmission, Raichur Power Corporation etc.
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Asset Quality
Stage 3 gross assets went down from 8009 Cr in FY21 to 5835 Cr in FY23 when stage 3 net assets also dropped from 3121 Cr in FY21 to £1381 Cr in FY23 indicating that there was some sort of improvement in terms of asset quality during the last financial year;There was also a reduction of borrowing by the company which went from 10870 Cr to 5808 Cr in the same year.
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IFCI Fundamentals & Quarterly Results
| Market Cap | ₹ 14,709 Cr. |
| Current Price | ₹ 59.1 |
| High / Low | ₹ 71.8 / ₹ 11.0 |
| Stock P/E | 142 |
| Book Value | ₹ 18.2 |
| Dividend Yield | 0.00 % |
| ROCE | 10.2 % |
| ROE | 2.49 % |
| Face Value | ₹ 10.0 |
| Debt to Equity | 1.18 |
| Debt Capacity | 0.55 |
| Debt (preceding year) | ₹ 6,020 Cr. |
| Debt | ₹ 5,367 Cr. |
| Reserves | ₹ 2,045 Cr. |
| EPS | ₹ 0.42 |
| EPS (last year) | ₹ 0.42 |
| Pledged Percentage | 0.00 % |
| FCF (Prev Ann) | ₹ -383 Cr. |
| EV/EBITDA | 10.7 |
| Industry PE | 25.0 |
| PEG Ratio | 8.58 |
| Piotroski Score | 7.00 |
| Earnings Yield | 9.26 % |
IFCI Quarterly Results
| Quarter | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 311 | 413 | 348 | 414 | 320 | 607 | 454 | 605 | 6 |
| Expenses | 131 | 345 | -34 | 47 | 418 | 290 | -74 | 230 | 269 |
| Operating Profit | 313 | -34 | 447 | 300 | -4 | 30 | 681 | 224 | 337 |
| OPM % | 70% | -11% | 108% | 86% | -1% | 9% | 112% | 49% | 56% |
| Other Income | 5 | 5 | 12 | 3 | 12 | 4 | 5 | 14 | 107 |
| Interest | 201 | 168 | 162 | 150 | 162 | 144 | 145 | 146 | 136 |
| Depreciation | 18 | 17 | 18 | 21 | 18 | 18 | 21 | 21 | 21 |
| Profit before tax | 99 | -214 | 279 | 134 | -172 | -128 | 520 | 71 | 287 |
| Tax % | 130% | 8% | 25% | 18% | -40% | -1% | 66% | 45% | 45% |
| Net Profit | -30 | -197 | 209 | 109 | -241 | -129 | 174 | 39 | 157 |
| EPS in Rs | -0.14 | -0.99 | 0.78 | 0.42 | -1.16 | -0.56 | 0.39 | 0.07 | 0.54 |
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CAGR Report
Compounded Sales Growth
| Period | Growth Rate |
|---|---|
| 10 Years | -6% |
| 5 Years | -7% |
| 3 Years | -2% |
| TTM | 33% |
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Compounded Profit Growth
| Period | Growth Rate |
|---|---|
| 10 Years | -16% |
| 5 Years | 17% |
| 3 Years | 27% |
| TTM | 183% |
Stock Price CAGR
| Period | Growth Rate |
|---|---|
| 10 Years | 5% |
| 5 Years | 44% |
| 3 Years | 70% |
| 1 Year | 390% |
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Return on Equity
| Period | Growth Rate |
|---|---|
| 10 Years | -7% |
| 5 Years | -19% |
| 3 Years | -17% |
| Last Year | 2% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Apr 2024 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.42% | 56.42% | 56.42% | 61.02% | 64.86% | 66.35% | 70.32% | 71.72% |
| FIIs | 6.35% | 5.37% | 3.50% | 2.82% | 2.38% | 2.00% | 2.29% | 2.31% |
| DIIs | 14.00% | 13.64% | 11.58% | 9.88% | 8.13% | 2.29% | 2.03% | 1.94% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.70% | 3.99% | 3.70% |
| Public | 23.22% | 24.56% | 28.50% | 26.28% | 24.63% | 24.68% | 21.37% | 20.33% |
| Number of Shareholders | 5,56,980 | 5,30,300 | 5,15,285 | 5,26,481 | 5,53,302 | 5,20,604 | 8,26,079 | 8,33,026 |
| Year | Target |
| 2024 | Rs 100 |
| 2025 | Rs 120 |
| 2026 | Rs 140 |
| 2027 | Rs 160 |
| 2028 | Rs 171 |
| 2029 | Rs 189 |
| 2030 | Rs 199 |
| Month | Maximum Target |
| January | 99 |
| February | 102 |
| March | 100 |
| April | 101 |
| May | 103 |
| June | 105 |
| July | 107 |
| August | 105 |
| September | 111 |
| October | 110 |
| November | 114 |
| December | 120 |
| Month | Maximum Target |
| January | 127 |
| February | 119 |
| March | 112 |
| April | 115 |
| May | 120 |
| June | 123 |
| July | 127 |
| August | 131 |
| September | 135 |
| October | 133 |
| November | 137 |
| December | 140 |
| Month | Maximum Target |
| January | 146 |
| February | 139 |
| March | 133 |
| April | 135 |
| May | 137 |
| June | 143 |
| July | 147 |
| August | 144 |
| September | 148 |
| October | 155 |
| November | 152 |
| December | 160 |
| Month | Maximum Target |
| January | 164 |
| February | 157 |
| March | 150 |
| April | 153 |
| May | 157 |
| June | 161 |
| July | 159 |
| August | 164 |
| September | 161 |
| October | 164 |
| November | 167 |
| December | 171 |
| Month | Maximum Target |
| January | 179 |
| February | 173 |
| March | 169 |
| April | 171 |
| May | 173 |
| June | 175 |
| July | 177 |
| August | 179 |
| September | 181 |
| October | 185 |
| November | 187 |
| December | 189 |
| Month | Maximum Target |
| January | 193 |
| February | 188 |
| March | 183 |
| April | 185 |
| May | 187 |
| June | 191 |
| July | 189 |
| August | 193 |
| September | 194 |
| October | 191 |
| November | 195 |
| December | 199 |
Official Website –ifciltd.com