Company File · BSE 543257 · Latest filing Q2 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Indian Railway Finance Corporation
Data as of 19 Oct 2026 close · BSE · Latest results Q2 FY27
ISIN INE053F01010 · IRFC · Financial Services › Finance
About the business
What does IRFC do? Indian Railway Finance Corporation is a government-owned company that raises money for Indian Railways. It borrows from markets to buy trains, wagons & other assets & to fund railway projects, then leases them to the Ministry of Railways. What is leasing? Renting out an asset for a fixed charge over many years. It now also lends to infrastructure projects linked to railways.
Price & valuation · BSE close, 19 Oct 2026
Below its usual level
Book value ₹46 a share
- Income growth
- +9.8%
- Profit growth
- +10.2%
- Price/book
- 1.69×
- Usual P/B
- 2.3×
- ROA
- 1.50%
- ROE
- 13.4%
- Borrowings/equity
- 7.12×
- Promoter
- 82.90%
- Pledged
- 0.00%
Earnings callsNo earnings-call transcript from Indian Railway Finance Corporation in our data yet. When it files one on BSE, the call notes appear here within a few hours. See its call page
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/B 1.69× vs 2.3×), earns about 13.4% a year on shareholders' money (ROE, an estimate) & borrows ₹7.12 for every ₹1 of shareholders' money.
What you pay Valuation
The share price is 1.7 times the accounting value of each share. Below its 1-year median of 2.3×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
Each share is backed by about ₹46 of net assets on the books.
Shareholders' equity ÷ shares. As of 30th September 2026.
The company paid ₹2.10 a share in the last 12 months (2 payouts), 2.69% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How it is doing Growth, returns & borrowing
Income after interest costs was 9.8% higher than in Q2 FY26.
Latest quarter's income after interest costs (revenue from operations plus other income, less finance costs) vs the same quarter a year earlier. As of 30th September 2026.
Profit was 10.2% higher than in Q2 FY26.
Latest quarter's profit vs the same quarter a year earlier (the shareholders' share when the filings give it for both). As of 30th September 2026.
Each ₹100 of its assets earned about ₹1.50 in a year, on Q2 FY27's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average total assets on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th September 2026.
Each ₹100 of shareholders' money earned about ₹13.4 in a year, on Q2 FY27's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average shareholders' equity on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th September 2026.
It has borrowed ₹7.12 for every ₹1 of shareholders' money.
Borrowings ÷ shareholders' equity on the latest balance sheet. As of 30th September 2026.
Who owns it Ownership & more
The founders or parent group own 82.90% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202682.90%
- Jun 202682.90%
- Mar 202684.65%
- Dec 202586.36%
- Sep 202586.36%
Promoters reported no pledged shares.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.00%
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
- Sep 20250.00%
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 1306.85 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹1,02,196 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹5,02,926 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹7,372 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th September 2026.
Each share earned about ₹5.64 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th September 2026.
Each share is backed by about ₹46 of net assets on the books.
Shareholders' equity ÷ shares. As of 30th September 2026.
About ₹99.0 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th September 2026.
About ₹24.9 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th September 2026.
Sales were 23.5% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th September 2026.
Profit was 10.2% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th September 2026.
No accepted balance sheet for this basis yet.
Current assets ÷ current liabilities. As of 30th September 2026.
Needs four consecutive quarters.
Trade receivables ÷ last 12 months' revenue × 365. As of 30th September 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 30th September 2026.
3.2% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th September 2026.
Each ₹1 of profit brought in ₹-3.86 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹4,00,730 crore.
Cash & bank balances − borrowings. As of 30th September 2026.
The company paid about 0.0% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th September 2026.
Operating profit before interest, depreciation & tax was ₹29,815 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th September 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹13 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹4,31,483 crore.
Current + non-current borrowings. As of 30th September 2026.
Foreign institutions own 1.15%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 3.97%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹137.1.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 29th December 2025.
The lowest price in the last year was ₹74.1.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 9th October 2026.
The share price moved -37.5% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 37% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th September 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 1306.85 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Banks & other lenders are valued on their books, so P/B (price ÷ book value per share) stands where P/E would.
How it is doing: Growth is on the same period a year earlier. ROA & ROE take the latest results' profit for a year on the average of the two latest balance sheets. Borrowings ÷ equity shows how much of its lending runs on borrowed money.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|
| Revenue from operations | 6,661 | 7,336 | 8,261 | 7,866 |
| Income after interest costs | 1,907 | 1,804 | 1,970 | 2,007 |
| Costs & credit losses ÷ income | 5.5% | 6.6% | 2.2% | 2.4% |
| Profit after tax | 1,802 | 1,684 | 1,927 | 1,958 |
| Basic EPS (₹) | 1.38 | 1.29 | 1.47 | 1.50 |
Latest filings BSE
Corporate announcements 22
- 15 Oct 2026Board Announced Record Date For Interim Dividend I.E., 23Rd October 2026
- 15 Oct 2026Corporate Action-Board approves Dividend
- 7 Oct 2026Corporate Action-Board to consider Dividend
Quarterly results 3
- 15 Oct 2026Press Release / Media Release
- 15 Oct 2026Unaudited Financial Results For The Quarter And Half Year Ended 30.09.2026
- 15 Oct 2026Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors Held On Thursday, 15Th October 2026Outcome of Board Meeting
Conference calls 3
- 16 Oct 2026Analyst / Investor Meet - Outcome
- 8 Oct 2026Analyst / Investor Meet - Intimation
- 6 Aug 2026Analyst / Investor Meet - Outcome
Investor presentations 0
None in the filings we hold.
Members see every filing, and what each means for the company in Corporate Intelligence.
The full Company File
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- Growth vs last year, explained
- Lender numbers, each with its last 8 quarters
- Accounts checks
- Who owns it
- 8 quarters, balance sheet & cash flow
- Every BSE filing, in four panels
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