IFCI Ltd

₹ 63.1 -2.19%

12 Dec 2:00 p.m.

About

IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector. ^[1]

Key Points

Business Overview
IFCI Limited is a NBFC established in 1948, providing financial support for various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. ^[1]

Website BSE NSE

Market Cap ₹ 16,484 Cr.
Current Price ₹ 63.1
High / Low ₹ 91.4 / 26.4
Stock P/E 462
Book Value ₹ 3.95
Dividend Yield 0.00 %
ROCE 16.1 %
ROE 13.9 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 16.1 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -18.5% over past five years.
Company has a low return on equity of -75.1% over last 3 years.
Debtor days have increased from 26.1 to 45.0 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance - Term-Lending Institutions

Part of Nifty Smallcap 250 BSE Financial Services BSE Allcap BSE SmallCap Nifty 500 Multicap 50:25:25 Nifty Smallcap 100 Nifty MidSmallcap 400 Nifty Total Market Nifty 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	105	191	236	115	124	154	351	77	166	215	383	122	160
	521	198	14	207	-191	-101	371	101	-283	41	-45	19	158
Operating Profit	-415	-8	223	-92	315	255	-19	-25	449	174	427	104	2
OPM %	-394%	-4%	94%	-80%	254%	166%	-6%	-32%	270%	81%	112%	85%	1%
	1	1	4	1	3	3	5	1	1	1	53	1	141
Interest	243	227	198	166	159	156	150	140	143	144	146	134	136
Depreciation	6	4	6	6	6	6	6	6	6	6	6	6	6
Profit before tax	-663	-238	22	-263	152	96	-171	-170	301	25	329	-36	1
Tax %	-21%	169%	587%	-12%	28%	30%	36%	-5%	72%	141%	34%	311%	3,522%
	-526	-640	-107	-232	110	67	-232	-161	84	-10	216	-148	-22
EPS in Rs	-2.58	-3.14	-0.51	-1.10	0.52	0.31	-1.06	-0.73	0.38	-0.05	0.98	-0.57	-0.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	2,727	2,912	3,269	3,839	2,774	3,712	2,340	2,252	1,393	760	747	841	880
	270	614	535	1,032	1,330	1,132	1,369	958	2,396	1,603	285	-185	173
Operating Profit	2,457	2,298	2,734	2,807	1,444	2,580	972	1,294	-1,003	-843	462	1,026	706
OPM %	90%	79%	84%	73%	52%	70%	42%	57%	-72%	-111%	62%	122%	80%
	32	41	77	168	100	28	126	12	4	4	7	55	196
Interest	1,815	1,666	2,102	2,517	2,289	2,074	1,756	1,416	1,119	923	631	573	560
Depreciation	10	13	-10	14	34	34	33	31	29	23	24	24	24
Profit before tax	664	660	718	443	-779	500	-691	-141	-2,147	-1,785	-186	484	318
Tax %	32%	23%	27%	24%	-41%	6%	-36%	97%	-9%	12%	55%	73%
	451	508	522	337	-458	468	-444	-278	-1,958	-1,991	-288	128	36
EPS in Rs	2.71	3.06	3.14	2.03	-2.76	2.76	-2.62	-1.64	-10.33	-9.47	-1.31	0.58	0.28
Dividend Payout %	37%	33%	48%	49%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-12%
5 Years:	-19%
3 Years:	-15%
TTM:	18%

Compounded Profit Growth
10 Years:	-13%
5 Years:	18%
3 Years:	27%
TTM:	115%

Stock Price CAGR
10 Years:	6%
5 Years:	58%
3 Years:	53%
1 Year:	130%

Return on Equity
10 Years:	-10%
5 Years:	-43%
3 Years:	-75%
Last Year:	14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	1,661	1,661	1,662	1,662	1,662	1,696	1,696	1,696	1,896	2,103	2,196	2,490	2,614
Reserves	4,766	5,056	5,220	5,277	4,804	3,022	2,529	2,412	476	-1,658	-1,570	-1,275	-1,582
	18,179	21,033	26,097	27,747	23,163	20,138	16,094	12,323	10,870	7,012	5,808	5,451	5,134
	1,275	1,240	1,989	2,215	2,045	2,148	1,936	1,998	2,058	1,613	2,496	3,343	2,637
Total Liabilities	25,881	28,989	34,968	36,900	31,674	27,005	22,256	18,429	15,300	9,070	8,930	10,008	8,803
	1,153	1,142	1,121	1,037	995	931	920	878	928	906	902	879	867
CWIP	19	6	0	0	1	0	0	0	0	0	0	0	0
Investments	8,641	7,514	7,590	8,188	6,394	6,686	4,829	3,235	4,294	2,944	2,277	2,909	2,884
	16,067	20,329	26,256	27,674	24,285	19,387	16,507	14,316	10,078	5,220	5,752	6,219	5,051
Total Assets	25,881	28,989	34,968	36,900	31,674	27,005	22,256	18,429	15,300	9,070	8,930	10,008	8,803

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-583	131	265	-64	385	-510	430	487	-623	-521	-483	32
	-48	-7	28	95	20	92	-2	-48	-78	0	-19	-0
	838	-194	-399	-305	1	61	-225	200	200	100	500	500
Net Cash Flow	207	-70	-106	-274	405	-357	203	638	-500	-421	-2	532

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	2	4	6	4	4	1	3	13	15	15	19	45
Inventory Days
Days Payable
Cash Conversion Cycle	2	4	6	4	4	1	3	13	15	15	19	45
Working Capital Days	-116	-243	-119	-148	-119	-184	-247	-248	-446	-667	-1,116	-1,315
ROCE %	10%	9%	9%	8%	5%	9%	5%	7%	-7%	-8%	6%	16%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	63.81%	64.86%	64.86%	64.86%	66.35%	66.35%	70.32%	70.32%	70.32%	70.32%	71.72%	71.72%
	2.53%	2.38%	2.04%	1.90%	1.99%	2.00%	1.51%	1.87%	2.08%	2.29%	2.40%	2.54%
	8.67%	8.13%	7.68%	2.39%	2.29%	2.29%	2.00%	2.01%	2.02%	2.03%	1.93%	1.67%
	0.00%	0.00%	0.00%	4.99%	4.70%	4.70%	4.13%	4.03%	4.02%	3.99%	3.34%	3.04%
	24.99%	24.63%	25.42%	25.87%	24.69%	24.68%	22.03%	21.76%	21.57%	21.37%	20.61%	21.03%
No. of Shareholders	5,33,244	5,53,302	5,44,453	5,38,570	5,24,723	5,20,604	5,05,969	5,41,937	5,85,670	8,26,079	8,76,318	9,79,172

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	55.53%	56.42%	56.42%	56.42%	61.02%	64.86%	66.35%	70.32%	71.72%
	9.69%	6.35%	5.37%	3.50%	2.82%	2.38%	2.00%	2.29%	2.54%
	13.78%	14.00%	13.64%	11.58%	9.88%	8.13%	2.29%	2.03%	1.67%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.70%	3.99%	3.04%
	21.00%	23.22%	24.56%	28.50%	26.28%	24.63%	24.68%	21.37%	21.03%
No. of Shareholders	6,23,681	5,56,980	5,30,300	5,15,285	5,26,481	5,53,302	5,20,604	8,26,079	9,79,172

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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IFCI Ltd

IFCI Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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