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1D
1W
1M
1Y
3Y
5Y
Max
Open125.1
High127.27
Low125.05
Prev. Close124.82
Avg. Traded Price126.45
Volume65,76,743

MARKET DEPTH

info2
Total bid15,26,558.00
Total ask26,84,351.00
OrdersQtyBid
2106126.57
8770126.56
83001126.55
82862126.54
61050126.53
AskQtyOrders
126.635841
126.6492068
126.657784
126.6651326
126.6751461

HIGH/LOW

info2
1d
1w
1m
3m
52w

LOW/HIGH

125.054 hours ago
127.274 hours ago
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LOWER/UPPER CIRCUITS

112.33
137.30
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Indian Railway Finance Corporation Ltd Stock performance
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KEY OBSERVATIONS

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positive
negative
neutral
noteAnnual Revenue,rose 1.88%, in the last year to ₹27,156.41 Cr. Its sector's average revenue growth for the last fiscal year was 9.83%.
noteAnnual Net Profit,rose 1.4% in the last year to ₹6,502 Cr. Its sector's average net profit growth for the last fiscal year was 12.17%.
noteQuarterly Revenue,rose 2.21% YoY to ₹6,918.24 Cr. Its sector's average revenue growth YoY for the quarter was 8.2%.
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LONG-TERM PRICE ANALYSIS

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Stock return5Y CAGR : %
Net profit growth 5Y CAGR : %

STOCK RETURNS

info
Versus Nifty 50
1 w
+2.42%
vs
+0.47%
1 mth
-1.45%
vs
+1.55%
3 mth
-15.99%
vs
-1.44%
6 mth
+3.10%
vs
+10.15%
1 yr
-26.66%
vs
-0.78%
3 yr
+442.68%
vs
+39%
5 yr
vs
+118.61%

About the Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Limited (IRFC) was incorporated on December 12, 1986, as a public limited company and later registered as a Non-Banking Finance Company (NBFC). It was also declared a Public Financial Institution under Section 4A of the Companies Act, 1956.

A Government of India undertaking under the administrative control of the Ministry of Railways (MoR), IRFC serves as the principal financing conduit for Indian Railways. It funds the acquisition of rolling stock, leasing of railway infrastructure assets, and lending to entities with forward and backward linkages to the rail ecosystem.

Its leasing model typically spans 30 years (15-year primary plus 15-year secondary), operating on a cost-plus structure with MoR that ensures stable earnings. Assets are generally transferred to MoR for a nominal sum at the lease’s conclusion.

IRFC’s operations and revenues are India-focused, with all customers domiciled in India. The Company confirms receipt of lease and interest income from within the country and reports Nil exports for the year. As per disclosures, it has no subsidiaries, associates, or joint ventures, and therefore no consolidated financial statements are prepared.

Key milestones include listing on NSE and BSE on January 29, 2021; becoming the first CPSE to list offshore bonds exclusively at the GIFT City exchanges; raising a JPY 130 billion green loan; and being granted “Navratna” status by the Government of India in March 2025. Earlier milestones feature issuing Euro-dollar bonds offshore and diversifying borrowings across instruments and markets.

 

Business Segment of Indian Railway Finance Corporation Limited

  • Lease income – 71.57% of turnover

  • Interest income – 28.43% of turnover

Geographic mix:

  • Domestic – 100%

  • International – 0% (all customers domiciled in India; exports Nil)

 

Indian Railway Finance Corporation Limited’s Key Management Team

  • Shri Manoj Kumar Dubey – Chairman and Managing Director & CEO

  • Shri Randhir Sahay – Director (Finance) – Additional Charge & CFO

  • Shri Vijay Babulal Shirode – Company Secretary & Compliance Officer

Key Management Personnel in IRFC’s framework comprise the CMD, Director (Finance), CFO, and Company Secretary.

 

Latest Updates on Indian Railway Finance Corporation Limited

  • Recognition: IRFC was conferred “Navratna” status by the Government of India in March 2025, enhancing its operational autonomy as a Schedule-‘A’ Navratna CPSE under MoR.

  • Business diversification: In FY2024–25, IRFC began funding projects beyond MoR under its mandate for forward and backward linkages to railways.

  • Major transactions: Sanctioned a finance lease of ₹700 crore for NTPC’s BOBR rakes; entered into a Rupee term loan agreement of ₹5,000 crore with NTPC Renewable Energy Limited (₹700 crore disbursed during the year).

  • Partnerships: Signed a Memorandum of Understanding with REMC Limited to collaborate on financing renewable energy projects supplying power to Indian Railways, and to explore financing of Thermal/Nuclear/Renewable projects under captive models with rail-linked entities.

  • Competitive bidding: IRFC emerged as the lowest bidder to finance ₹3,167 crore for the Banhardih Coal Block for PVUNL; sanction is in process.

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Frequently Asked Questions

: IRFC mobilises funds from domestic and international markets to finance rolling stock, lease railway infrastructure assets, and lend to entities within the rail ecosystem. Its cost-plus, 30-year leasing structure with MoR underpins stable earnings and low credit risk.

IRFC’s operations and customers are domiciled in India; the Company’s turnover from exports is Nil. It serves the Indian market across 36 States and Union Territories, with lease and interest income received domestically.

IRFC attained Navratna status in March 2025 and advanced its diversification by financing NTPC’s BOBR rakes and extending a large term loan to NTPC Renewable Energy Limited. It also signed an MoU with REMC for green energy projects and emerged as the lowest bidder for financing the Banhardih Coal Block for PVUNL.