IFCI Ltd (IFCI)

₹63.6▲3.5%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

IFCI Ltd share Performance

₹61.75
₹64.3
₹63.6
2.91%
Low
Day's Volatility:4.01%
High
1.10%
₹10.95
₹71.8
₹63.6
82.78%
Low
52 Weeks Volatility:95.68%
High
12.89%

Returns %
1 Month Return	+ 46.48 %
3 Month Return	+ 16.83 %
1 Year Return	+ 439.04 %

Market Stats
Previous Close	₹₹61.45
Open	₹₹62.00
Volume	₹1.73Cr
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹15,298.68Cr

Company Information

IFCI Ltd is a nonbanking financial company providing range of services such as project financing, debt and equity underwriting, syndication, venture capital, stock broking, merchant banking, factoring, asset reconstruction, technical consultancy and management education. It was established in 1948 by Act of Parliament to provide institutional finance for industrial development. It is also a Nodal Agency for monitoring of Sugar Development Fund SDF loans and was designated by Government of India to provide guarantee to banks against loans to scheduled caste entrepreneurs. During 1998-1999 it acquired some subsidiaries and also received an award for Corporate Excellence. During 2007, it was regulated as a nonbanking financial company and went on to promote IFCI Infrastructure Development Ltd. IIDL as wholly owned subsidiary. During 2014-15, the company introduced IFCI Benchmark Rate IBR to lend at competitive rate. Government of India increased its shareholding in the company to 55.53%. The company forayed into securities lending and borrowing schemes, currency futures and repo and reverse repo transactions in corporate bonds. It acquired 18.95% equity stake of IDBI Bank Ltd and has taken initiatives to expand its treasury operations. The company has made investments in Stock Holding Corporation of India Ltd and Rajasthan Consultancy Organisation Ltd. During FY 2018-19 , the company focused on recoveries from NonPerforming Accounts (NPA) and exited from long standing unquoted project equity investments. It has also acquired 225,000,000 preference shares from certain Scheduled Commercial Banks. As of March 31 2019, the company had investments in 274154700 shares in its subsidiary IFCI Factors Ltd.

Share Price: ₹63.60 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹15,298.68Cr as of today
Revenue: ₹0.00Cr as on March 2024 (Q1 24)
Net Profit: ₹157.33Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994

Organisation	IFCI Ltd
Headquarters
Industry	Finance
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Key events for IFCI Ltd

IFCI Reports Strong Financial Results for Q4 FY24 - 03 May, 2024
IFCI reported a significant increase in revenue and profits for Q4 FY24, with impressive YoY growth rates across all financial metrics. The stock has given strong returns over the last 6 months and year-to-date.
IFCI Reports Profit of Rs 128 Crore for FY24 - 01 May, 2024
After being saddled with bad loans, IFCI has curtailed its lending operations and expanded advisory services. The government infused Rs 500 crore into the company in April, resulting in a 71.72% stake. IFCI's stock has nearly tripled in the past year, ending Tuesday's trading at Rs 45.45 apiece on NSE.
IFCI Receives Capital Infusion from Government - 23 Apr, 2024
State-owned IFCI has received a capital infusion of Rs 500 crore through the issuance of equity shares to the government on a preferential basis.
IFCI Receives Rs 500 Crore Capital Infusion from Government - 22 Apr, 2024
State-owned IFCI has received a capital infusion of Rs 500 crore through the issuance of equity shares to the government on a preferential basis. The allotment of 12,39,77,188 shares was done on April 18, 2024.
Manoj Mittal Recommended for SIDBI CMD Position - 11 Apr, 2024
IFCI MD and CEO, Manoj Mittal, has been recommended for the position of Chairman and Managing Director (CMD) of Small Industries Development Bank of India (SIDBI). He played a lead role in restructuring bank dues to microfinance institutions during the Andhra Pradesh MFI crisis and has experience in sustainability and developmental programs.

Fundamentals of IFCI Ltd

Insights on IFCI Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 469.9 Cr → 712.52 Cr (in ₹), with an average increase of 34.1% per quarter
POSITIVE IMPACT
Best in 1 Year
In the last 1 year, IFCI has outperformed top 5 stocks with highest market-cap in Corporate Financial Services
POSITIVE IMPACT
Promoter Holding Up
Promoters have increased holdings from 70.32% to 71.72% in Apr 2024 quarter
POSITIVE IMPACT
Price Rise
In the last 7 days, IFCI stock has moved up by 21.0%
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 17.91 Cr → 133.33 Cr (in ₹), with an average increase of 86.6% per quarter
POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 2.29% to 2.31% in Apr 2024 quarter
NO EFFECT
Against Peers
In the last 3 years, Indian Railway Finance Corporation Ltd has given 631.6% return, outperforming this stock by 187.8%
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 21.37% to 20.34% in Apr 2024 quarter