IRFC Share Price Target 2024-2030 Fundamentals & Quarterly Results

IRFC Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – At the beginning of February, specifically on 1st of that month, national budget for India is likely going to be presented in Lok Sabha. It is expected that Indian Railways and National Highways Authority of India (NHAI) may be some major beneficiaries. Given all of this, stock holders are rushing towards stocks pertaining to this aspect of “the lifeline of our country” namely railways related stocks. IRFC is among these Mini Ratnas owned by the government.

The National government’s budget for financial year is to be introduced in the Lok Sabha on February 1st with major beneficiaries likely including Indian Railways as well as NHAI (National Highway Authority of India). As such investors have started moving towards stocks regarded as “the backbone of the nation” railways related stocks. One such company is IRFC which happens to be one among Mini Ratna companies under Indian government ownership.

Latest Update – For the fateful June 30, 2024, quarter ending, a government-owned Indian Railway Finance Corporation (IRFC) recorded a net profit amounting to INR 1,577 crores – this was an increase of 1.6% from INR 1,551 crores which the company made for the same time last year. In this quarter’s report, revenue from operations was INR 6,766 crores showing a 1.4% growth compared to INR 6,674 crore that were reported during the equivalent period of last financial year.

IRFC Overview

Founded in 1986, Indian Railway Finance Corporation raises funds through the financial markets to procure/conceive assets, which are subsequently leased to Indian Railways, as a form of finance lease.

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IRFC Business Profile

The company serves as a branch of the Indian Railways that secures investments from both national and foreign capital markets. IRFC is one among the Mini Ratna I and Schedule A Public Sector Enterprises which falls under the supervision of Ministry of Railways, Government of India. Furthermore, it is also recognized as an Systemically Important Non-Deposit taking NBFC as well as Infrastructure Finance Company.

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Leasing Operations

The Company uses a leasing method to provide funds for Indian Railways’ rolling stock and project properties. However, this lease spans over a period of usually up to thirty years, which includes both fifteen-year primary warranty and fifteen-year secondary warranty. Principal and interest payments are made during the initial term of the lease, while at maturity it is common practice to sell these assets to MoR at very low prices.

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Lending Operations

In addition, it is involved in lending activities and has lent money for many organizations including Rail Vikas Nigam Limited (RVNL), Konkan Railway Corporation Limited, Rail Land Development Authority, Railtel Corporation of India and Pipavav Railway Corporation Limited in the railway sector.

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Borrowing Operations

The Co borrows funds from taxable and tax-free bonds issuance, loans with a fixed period from Banks and Financial Institutions, commercial papers, external commercial borrowing, etc. High demand for these funds and high cost have prompted IRFC to reduce its borrowing costs.

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The Ministry of Railways shall be the ultimate risk-bearer for all financial risks and sorts of risk associated with interest rate or exchange rate variations. GoI appoints board members as well as strategizes for its borrowing, and operational and fiscal targets.

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Loan Book

The loan portfolio of the Company is extremely concentrated as all its exposure is in relation to the MoR or entities associated with it. As at December 31, 2022, about 48.86% of loans and advances were against lease receivables from MoR, about 49.81% were advances against the lease of railway infrastructure assets and the National Project, while the remaining 1.33% comprised of loans extended to IRCON, RVNL and other advances.

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IRFC Fundamentals & Quarterly Results

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IRFC Quarterly Results

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CAGR Report

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IRFC Shareholding Pattern

IRFC Share Price Target 2024-2030 Forecast

IRFC Share Price Target 2025

IRFC Share Price Target 2026

IRFC Share Price Target 2027

IRFC Share Price Target 2028

IRFC Share Price Target 2029

IRFC Share Price Target 2030

Official Website – irfc.co.in