Tourism Finance Corporation of India Ltd
Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc. [1]
- Market Cap ₹ 1,532 Cr.
- Current Price ₹ 166
- High / Low ₹ 268 / 107
- Stock P/E 15.5
- Book Value ₹ 126
- Dividend Yield 1.51 %
- ROCE 10.5 %
- ROE 8.65 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 20.7%
Cons
- The company has delivered a poor sales growth of 1.01% over past five years.
- Promoter holding is low: 7.85%
- Company has a low return on equity of 9.13% over last 3 years.
- Promoter holding has decreased over last 3 years: -19.4%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 180 | 184 | 186 | 185 | 208 | 224 | 230 | 266 | 258 | 254 | 231 | 242 | 251 |
| Interest | 89 | 81 | 85 | 90 | 91 | 96 | 104 | 121 | 130 | 120 | 91 | 100 | 101 |
| 20 | 20 | 20 | 19 | 43 | 20 | 18 | 47 | 27 | 25 | 30 | 27 | 25 | |
| Financing Profit | 72 | 83 | 81 | 75 | 74 | 107 | 108 | 98 | 101 | 109 | 111 | 115 | 126 |
| Financing Margin % | 40% | 45% | 43% | 41% | 35% | 48% | 47% | 37% | 39% | 43% | 48% | 47% | 50% |
| 2 | 3 | 2 | 1 | 24 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 1 |
| Profit before tax | 72 | 84 | 82 | 76 | 97 | 107 | 114 | 97 | 100 | 108 | 109 | 114 | 125 |
| Tax % | 23% | 30% | 26% | 29% | 27% | 28% | 24% | 17% | 19% | 21% | 20% | 20% | |
| 56 | 58 | 60 | 54 | 70 | 77 | 86 | 81 | 81 | 85 | 88 | 91 | 99 | |
| EPS in Rs | 6.88 | 7.25 | 7.46 | 6.64 | 8.73 | 9.60 | 10.69 | 10.04 | 10.00 | 9.44 | 9.73 | 10.08 | 10.81 |
| Dividend Payout % | 17% | 17% | 24% | 27% | 23% | 21% | 21% | 0% | 8% | 13% | 25% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 1% |
| 3 Years: | -2% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 1% |
| 3 Years: | 4% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 16% |
| 3 Years: | 36% |
| 1 Year: | 44% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 9% |
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 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 90 | 90 | 90 | 93 |
| Reserves | 339 | 356 | 398 | 433 | 474 | 597 | 656 | 673 | 711 | 847 | 927 | 999 | 1,074 |
| 911 | 862 | 956 | 996 | 1,050 | 1,304 | 1,324 | 1,447 | 1,360 | 1,272 | 999 | 978 | 1,035 | |
| 61 | 64 | 65 | 80 | 96 | 35 | 30 | 43 | 34 | 35 | 29 | 39 | 39 | |
| Total Liabilities | 1,392 | 1,362 | 1,501 | 1,590 | 1,700 | 2,017 | 2,091 | 2,244 | 2,185 | 2,245 | 2,045 | 2,106 | 2,240 |
| 32 | 30 | 30 | 29 | 20 | 15 | 14 | 18 | 16 | 17 | 15 | 15 | 14 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 181 | 138 | 190 | 255 | 248 | 301 | 318 | 219 | 159 | 165 | 338 | 461 | 610 |
| 1,179 | 1,193 | 1,281 | 1,307 | 1,432 | 1,701 | 1,758 | 2,008 | 2,010 | 2,062 | 1,692 | 1,630 | 1,616 | |
| Total Assets | 1,392 | 1,362 | 1,501 | 1,590 | 1,700 | 2,017 | 2,091 | 2,244 | 2,185 | 2,245 | 2,045 | 2,106 | 2,240 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 19 | 15 | 22 | -7 | 135 | -54 | 161 | -171 | 139 | -137 | -7 | |
| -6 | -0 | -0 | -0 | 31 | -0 | -0 | -1 | -0 | -2 | -0 | -0 | |
| -13 | -11 | -21 | -19 | -19 | -20 | -20 | -22 | -1 | 57 | -12 | -22 | |
| Net Cash Flow | -17 | 7 | -6 | 3 | 6 | 115 | -74 | 139 | -172 | 193 | -149 | -29 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 14% | 14% | 13% | 11% | 10% | 13% | 12% | 11% | 10% | 10% | 9% | 9% |
Documents
Announcements
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Disclosure Under SEBI (PIT) Regulations
2d - Disclosure of securities holding by director.
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Disclosure Under SEBI (SAST) Reg And SEBI (PIT) Reg
8 Nov - Disclosure of substantial acquisition of shares.
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Announcement under Regulation 30 (LODR)-Investor Presentation
25 Oct - H1FY25 investor presentation detailing financial performance.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Oct
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Related Party Transaction
24 Oct - Board approved unaudited financial results for Q2 FY2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Oct 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
Offerings
The company provides financial assistance to tourism-related projects such as hotels, resorts, restaurants, amusement parks, etc, primarily in the form of long-term loans as well as by investing in the debentures, equity, preference shares, etc, of such companies. [1]