Price targets for IRFC shares are 2024, 2025, and 2026. You are aware that IRFC is a component of the Indian Railways’ infrastructure. IRFC Limited Laid out In 1986. IRFC Restricted Is a Public Area Organization embraced by the Service of Rail routes, Legislature of India. Important Indian Railway projects are supported by the Indian Railway Finance Corporation (IRFC). Both the NSE and the BSE have IRFC listed. As of April 26, 2024, the IRFC market price is currently 158.05. Indian Railroad Money Organization has performed well in the financial exchange as of late. In recent years, we have witnessed a strong bull rally in IRFC stock.
IRFC Share Price Target 2024-2030
Indian Railways and the National Highway Authority of India (NHAI) are likely to be major beneficiaries of the national government’s budget, which will be presented in the Lok Sabha on February 1. Investors have thus begun to gravitate toward railroad-related stocks, which are referred to as “the backbone of the nation.” One such company is IRFC, which is one of the Mini Ratna businesses owned by the Indian government.
IRFC Share Price Target Today Update
The Indian Railway Finance Corporation, or IRFC, is a business that contributes to the financing of India’s railway infrastructure development. Its share price is currently 151.60. In 2024, the normal cost could be around ₹284. In 2025, it could go up to about ₹390. In 2026, it could increment to around ₹456. The cost could reach about 530 yen by 2027. It could reach approximately 625 yen in 2028. What’s more, continuously 2030, it’s supposed to reach ₹822. These are merely targets or estimates based on the company’s performance and what experts anticipate will occur.
What Is IRFC Ltd.?
In India, the Indian Railway Finance Corporation (IRFC) is a public sector organization that uses borrowings and stock markets to acquire capital for expansion. The Ministry of Railways holds administrative authority over the business, which is primarily owned by the Indian government. IRFC was established by A. Kishore. In 1987–1988, it began borrowing from the market. IRFC gets its money from banks and other financial institutions as well as financial bonds. Smt. On October 15, 2022, Shelly Verma was appointed as the Managing Director of the business. The company made the announcement of its initial public offering on January 18, 2021, and on January 29, 2021, it became listed on the National Stock Exchange.
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IRFC Business Profile
The business is an Indian Railways subsidiary that secures investments from both domestic and international capital markets. IRFC is one among the Small scale Ratna I and Timetable A Public Area Endeavors which falls under the oversight of Service of Rail routes, Legislature of India. It is also recognized as an Infrastructure Finance Company and a Systemically Important Non-Deposit Taking NBFC.
- Leasing Operations: Indian Railways’ rolling stock and project assets are funded by leasing from the company. This lease, on the other hand, typically lasts for thirty years and comes with a fifteen-year primary warranty and a fifteen-year secondary warranty. Head and interest installments are made during the underlying term of the rent, while at development it is normal practice to offer these resources for MoR at extremely low costs.
- Lending Operations: Additionally, it lends money to numerous organizations in the railway sector, including Rail Vikas Nigam Limited (RVNL), Konkan Railway Corporation Limited, Rail Land Development Authority, Railtel Corporation of India, and Pipavav Railway Corporation Limited.
- Borrowing Operations: The company borrows funds from taxable and tax-free bond issuance, bank and financial institution fixed-term loans, commercial papers, external commercial borrowing, and other sources. IRFC has reduced its borrowing costs as a result of the high demand for these funds and their high cost.
Loan Book
Because all of the Company’s exposure is related to the MoR or the entities associated with it, the Company’s loan portfolio is extremely concentrated. As of December 31, 2022, approximately 48.86 percent of loans and advances were made against lease receivables from the MoR, 49.81 percent were advances made against the lease of railway infrastructure assets and the National Project, and the remaining 1.33 percent were loans made to IRCON, RVNL, and other advances.
IRFC Fundamentals & Quarterly Results
| Parameter | Value |
| Market Cap | ₹ 2,43,597 Cr. |
| Current Price | ₹ 186 |
| High / Low | ₹ 229 / 46.4 |
| Stock P/E | 37.8 |
| Book Value | ₹ 38.8 |
| Dividend Yield | 0.80% |
| ROCE | 5.73% |
| ROE | 13.7% |
| Face Value | ₹ 10.0 |
| FCF Prev Ann | ₹ -28,589 Cr. |
| Debt to Equity | 8.02 |
| Debt Preceding Year | ₹ 4,18,935 Cr. |
| Reserves | ₹ 37,704 Cr. |
| Quick Ratio | 19.9 |
| Current Ratio | 19.9 |
| Free Cash Flow | ₹ 7,906 Cr. |
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IRFC Quarterly Results
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Sales + | 5,627 | 5,810 | 6,218 | 6,194 | 6,679 | 6,767 | 6,737 | 6,474 | 6,766 |
| Expenses + | 23 | 34 | 31 | 47 | 29 | 34 | 35 | 34 | 33 |
| Operating Profit | 5,605 | 5,776 | 6,188 | 6,147 | 6,650 | 6,733 | 6,701 | 6,439 | 6,733 |
| OPM % | 100% | 99% | 100% | 99% | 100% | 100% | 99% | 99% | 100% |
| Other Income + | 0 | 1 | 4 | 36 | 2 | 1 | 3 | 4 | 0 |
| Interest | 3,940 | 4,059 | 4,554 | 4,895 | 5,091 | 5,181 | 5,104 | 4,725 | 5,155 |
| Depreciation | 4 | 4 | 4 | 3 | 4 | 2 | 1 | 2 | 2 |
| Profit Before Tax | 1,662 | 1,714 | 1,633 | 1,285 | 1,557 | 1,550 | 1,599 | 1,717 | 1,577 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | 1,662 | 1,714 | 1,633 | 1,285 | 1,557 | 1,550 | 1,599 | 1,717 | 1,577 |
| EPS in Rs | 1.27 | 1.31 | 1.25 | 0.98 | 1.19 | 1.19 | 1.22 | 1.31 | 1.21 |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM / 1 Year | |
| Compounded Sales Growth | 16% | 19% | 19% | 7% |
| Compounded Profit Growth | 25% | 23% | 13% | 4% |
| Stock Price CAGR | 98% | 263% | ||
| Return on Equity | 13% | 14% | 15% | 14% |
IRFC Shareholding Pattern
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 | |
| Promoters | 86.36% | 86.36% | 86.36% | 86.36% | 86.36% |
| FIIs | 1.44% | 1.12% | 1.15% | 1.08% | 1.11% |
| DIIs | 4.23% | 3.18% | 2.62% | 0.89% | 1.08% |
| Public | 7.97% | 9.33% | 9.87% | 11.68% | 11.45% |
| No. of Shareholders | 13,52,259 | 15,15,226 | 16,34,919 | 45,26,341 | 51,08,893 |
IRFC Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹235.78 | ₹315.81 | ₹363.82 |
| 2025 | ₹371 | ₹349 | ₹417 |
| 2026 | ₹425 | ₹400 | ₹477 |
| 2027 | ₹487 | ₹458 | ₹547 |
| 2028 | ₹558 | ₹524 | ₹626 |
| 2029 | ₹639 | ₹601 | ₹718 |
| 2030 | ₹732 | ₹688 | ₹823 |
IRFC Share Price Target 2025
| Month | Target |
| January | ₹371 |
| February | ₹378 |
| March | ₹386 |
| April | ₹373 |
| May | ₹361 |
| June | ₹349 |
| July | ₹363 |
| August | ₹378 |
| September | ₹393 |
| October | ₹401 |
| November | ₹409 |
| December | ₹417 |
IRFC Share Price Target 2026
| Month | Target |
| January | ₹425 |
| February | ₹434 |
| March | ₹443 |
| April | ₹428 |
| May | ₹414 |
| June | ₹400 |
| July | ₹416 |
| August | ₹433 |
| September | ₹450 |
| October | ₹459 |
| November | ₹468 |
| December | ₹477 |
IRFC Share Price Target 2027
| Month | Target |
| January | ₹487 |
| February | ₹497 |
| March | ₹507 |
| April | ₹490 |
| May | ₹474 |
| June | ₹458 |
| July | ₹476 |
| August | ₹495 |
| September | ₹515 |
| October | ₹525 |
| November | ₹536 |
| December | ₹547 |
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IRFC Share Price Target 2028
| Month | Target |
| January | ₹558 |
| February | ₹569 |
| March | ₹580 |
| April | ₹561 |
| May | ₹542 |
| June | ₹524 |
| July | ₹545 |
| August | ₹567 |
| September | ₹590 |
| October | ₹602 |
| November | ₹614 |
| December | ₹626 |
IRFC Share Price Target 2029
| Month | Target |
| January | ₹639 |
| February | ₹652 |
| March | ₹665 |
| April | ₹643 |
| May | ₹622 |
| June | ₹601 |
| July | ₹625 |
| August | ₹650 |
| September | ₹676 |
| October | ₹690 |
| November | ₹704 |
| December | ₹718 |
IRFC Share Price Target 2030
| Month | Target |
| January | ₹732 |
| February | ₹747 |
| March | ₹762 |
| April | ₹737 |
| May | ₹712 |
| June | ₹688 |
| July | ₹716 |
| August | ₹745 |
| September | ₹775 |
| October | ₹791 |
| November | ₹807 |
| December | ₹823 |
Growth & Financial Performance
From most recent five years IRFC has shown positive development and the deals of organization has multiplied during this period while working benefits have kept great speed. During this period organization have effectively kept a high working overall revenue of roughly almost 99% to 100 percent.
Final Words
IRFC, a critical player in the supporting of Indian Rail routes, draws in the consideration of financial backers searching for long haul speculation open doors. Investors can make well-informed decisions and establish realistic expectations for the future by analyzing the factors that influence the share price of IRFC. The future offer objective by significantly breaking down the foundation finance history and market specialists’ viewpoints. In any case, it very well may be trying as far as we’re concerned to foresee the exact objective since it is testing work. Regardless of it, we will make an honest effort to come close by.
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