IRFC (Indian Railway Finance Corporation) Ltd’s profit is continually growing over the years and in the future, the profit will rise more because of the business model. In the last 1 year (from June 2023) the IRFC stock has witnessed a phenomenal more than 400% increase. If you are also looking for this type of opportunity then IRFC share price target for 2024, 2025, and 2026 may help you.
IRFC Ltd stock was listed in the stock market in January 2021. The stock has been trading in a range from the listing date for almost 2 years. In June 2023 the stock gave a breakout and with the breakout, it started going up and gaining more than 400% till now.
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About Indian Railway Finance Corporation Ltd
IRFC (Indian Railway Finance Corporation) Ltd is a public sector undertaking company founded in late 1986. Currently, IRFC’s chairman and managing director is Mr. Shelly Verma.
IRCF company is involved in 3 businesses: leasing, leading, and borrowing. The company works between investors and the Indian railway. The company generates its profits from the Indian railway. Below you’ll find how the company works-
IRFC’s main business is taking money from banks, investors, and other sources at lower interest rates and giving it to Indian railways and other entities related to them for their projects and business at higher interest rates.
In a few words, the company gets money at lower interest rates and gives it at higher interest rates to generate profits. It is also useful for the Indian railways as they don’t have to struggle to get loans.
IRFC’s Scrip Info
| NSE | IRFC |
| BSE | 543257 |
| ISIN | INE053F01010 |
| SECTOR | Finance – NBFC |
Company Analysis
Below you’ll find Indian Railway Finance Corporation Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹1,557 |
| Sep 2023 | ₹1,550 |
| Dec 2023 | ₹1,599 |
| Mar 2024 | ₹1,717 |
| Mar 2024 | ₹1,577 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹3,192 |
| Mar 2021 | ₹4,416 |
| Mar 2022 | ₹6,090 |
| Mar 2023 | ₹6,337 |
| Mar 2024 | ₹6,443 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹2,34,122 | ROE | 12.69% |
| P/E Ratio (TTM) | 36.34 | EPS (TTM) | 4.93 |
| P/B Ratio | 4.61 | Div. Yield | 0.84% |
| Industry PE | 24.98 | Book Value | 38.85 |
| Debt to Equity | 8.02 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 1.14% | 1.15% | 1.08% | 1.11% |
| DIIs | 1.63% | 1.15% | 0.89% | 1.08% |
| Public | 10.88% | 11.34% | 11.68% | 11.45% |
| Promoters | 86.36% | 86.36% | 86.36% | 86.36% |
| Other Holders | 0.00% | 0.00% | 0.00% | 0.00% |
Key Insights
- Net cash flow is rising.
- No share pledge by promoters.
- RSI indicates the stock is bullish.
- Annually IRFC’s earnings are improving.
- On IRFC company, there is very high debt.
- Company’s consistently generating profits.
- The profit margins of the company are not stable.
- The company is not growing above its industry median.
- In the June 2024 quarter, FIIs and DIIs increased holdings slightly.
Quarterly Results – June 2024
IRFC’s June 2024 quarterly results were slightly not good as the EPS, and profit decreased slightly.
In the quarter, IRFC made a net profit of Rs. 1,577 Crore and in the previous quarter, the net profit was Rs. 1,717 Crore.
The profit and EPS of the IRFC company decreased in the June 2024 quarter but sales increased. In the March 2024 quarter, the sales were around 6,474 and in the current quarter, the sales are 6,766.
IRFC Share Price Target
IRFC stock has now become very popular mostly among retail investors as the stock has gained more than 400% in the last 1 year. Still, many metrics like RSI, price action, etc. are showing the stock is bullish and can break its all-time high soon. If you are one of those investors who is interested in the stock, then the IRFC share price target for 2024, 2025, and 2026 prediction may help you in your analysis.
You can see in the shareholding pattern of the IRFC stock that the retail investors are continually increasing their holdings in the stock. In March 2023, the public shareholding was around 9.87% and now in the March 2024 quarter, it is at 11.68%.
| Year | MIinimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹180 | ₹190 |
| 2025 | ₹200 | ₹230 |
| 2026 | ₹290 | ₹300 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
IRFC Share Price Target 2024
The IRFC stock is looking very bullish at this level. It is also possible that the stock may start trading near its all-time high or it can also create a new all-time high.
While taking trade you should make sure that you trade in limited quality with proper stop loss because a 15% to 20% fall in a week for the stock is very normal. Many times the stock has fallen more than 20% in just a week. So, if you are trading or investing you must be ready for this.
Based on the technical analysis the IRFC share price target for 2024 can be near Rs. 180 to Rs. 190. It is approx 20% gain from the current price of the stock as of 16 May 2024.
IRFC Share Price Target 2025
The business model of the company is very profitable but sometimes company faces problems that directly affect its earnings and profits. In the recent quarterly results, there is no major growth.
In the last 2 years, there has been no major growth. In March 2022, the company made a net profit of Rs. 6,090 and in March 2023 the company made a net profit of Rs. 6,337 Crore.
If in the upcoming year March 2024 and quarters, we see major growth in its net profit then you can see an IRFC share price target of Rs. 200 to Rs. 230. Things like interest rates, inflation rates, etc. affect a lot of its earnings.
IRFC Share Price Target 2026
In the next 2 to 3 years, the Indian railways is planning to launch many new trains, a bullet train in 2026, upgrade old trains, and more. For this operation, the Indian railways need a lot of money and here IRFC will give money.
In a few words, the more the Indian railway expands the more IRFC will make money in the future. So, in the long term, the IRFC stock share price can give multi-bagger returns.
You need to do things like focus on the projects and targets of the Indian railways and other related entities. By tracking them you can easily predict the IRFC share price target for the long term. In 2026, the IRFC share price target can go near Rs. 290 to Rs. 300
IRFC Share Price Forecast
As of May 2024, no analysts or brokerage firms have given any target for the short term or long term. So, there is no share price forecast for the stock.
If any analysts or brokerage firms give any target for the IRFC stock, we will update the targets here.
FAQs
IRFC company is involved in the 3 businesses: leading, leasing, and borrowing. The company takes money from investors, banks, and other sources at lower interest rates and gives it to the Indian railways and other related entities at higher interest rates for their operations, projects, etc.
This is the way, IRFC company makes money. The company is very profitable and continuously generating profits over the years.
It depends on you, As per the business model the IRFC is a good stock and it has also continually made profits over the years.
IRFC is a public sector undertaking company and the promoters have more than 85% of the share of the company or stock. In case they start selling the stock for any reason then you may face a very huge loss.
No doubt, it is a good company and in the past, the company has given good returns to the investors.
You should analyze the company, business model, etc. by yourself or ask your SEBI registered financial advisor.
IRFC stock is looking very bullish and indicates a price-up move in the upcoming few weeks. Not only technical analysis but RSI is also suggesting strength in the price.
In 2024, the IRFC share price can go near Rs. 180 to Rs. 190.
Final Words
In the last 5 years, the net profit of the IRFC (Indian Finance Corporation) company has been almost 3X and the stock price also gained more than 400% in a year. The business model of the company is very amazing and as the Indian railways will be developing more the IRFC share price target be higher in 2024, 2025, 2026, and the upcoming years.