Performance
Historical price movement and trading activity
Trading Data
Today's High
83.95
Today's Low
82.7
Open
82.7
Previous Close
83.4
Volume
7883831
Total Traded Value High
657085398.6
Overview
Indian Railway Finance Corporation Limited (IRFC) was incorporated on December 12, 1986 as the funding arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. Thereafter, The Company received a Certificate of Commencement of Business from the RoC on December 23, 1986. The MCA, through its notification dated October 8, 1993, classified the Company as a Public Financial Institution and subsequently, Company was registered with RBI to carry on the business of a non-banking financial institution dated February 16, 1998. Indian Railway Finance Corporation operates as a Schedule A' Navratna Central Public Sector Enterprise under the Ministry of Railways, Govt. of India. In more than 42 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay. IRFC a Government of India undertaking under the Ministry of Railways, plays a significant role in funding the Indian Railways. Their main business is leasing of rolling stock assets, railway infrastructure assets and lending to other entities. The MoR is responsible for procurement of Rolling Stock Assets and for improvement, expansion and maintenance of Project Assets. The primary objective of IRFC is to meet the predominant portion of Extra Budgetary Resources' (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms. IRFC's cumulative funding to rail sector has crossed Rs.5.04 lakh crore as of 31st March, 2022. The funds are utilized for acquiring rolling stock assets and also building up infrastructure, constituting significant part of annual capital expenditure of Indian Railways. So far, it has funded acquisition of 13764 locomotives, 76735 passenger coaches, 265815 wagons, which constitute around 75% of the total rolling stock fleet of Indian Railways. From 2011-12 onwards, IRFC has forayed into funding of railway projects and capacity enhancement works. IRFC has also been lending to various entities in Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav Railway Corporation Limited (PRCL) etc. As on 31st March 2025, 86.36% of the paid-up equity share capital of the Company comprising of 11,286,437,000 Equity Shares of Rs. 10/- each were held by President of India acting through administrative ministry i.e., Ministry of Railways (MoR). The balance 13.64% of paid-up equity share capital was held by public. IRFC was granted 'Navratna' Status by DPE in March 2025. During FY 2025-26, IRFC executed 12 financing agreements worth Rs 72,949 crore, scaling its diversified lending portfolio. Over 75% of business has been acquired through competitive RFPs. Among key transactions, IRFC refinanced Dedicated Freight Corridor Corporation of India Limited's (DFCCIL) through a Rs 9,821 crore long term rupee facility, resulting in savings of approximately Rs 2,700 crore for DFCCIL. In line to diversify into rail-linked infrastructure financing, IRFC sanctioned a Rs 12,640 crore loan to CSPGCL and committed financing of close to Rs 15,000 crore to MAHAGENCO for power projects, by enhancing the IRFCs presence in the energy infrastructure. The Company executed a Rs 12,842 crore refinancing deal for Hindustan Urvarak & Rasayan Limited (HURL), entering into refinancing in the fertilizer sector.
Fundamentals
Financial strength and ownership structure
Shareholding Pattern
Technicals
Price-based indicators and levels
Indicators
| Indicator | Value | Signal |
|---|---|---|
| Relative Strength Index (RSI) | +33.64 | Neutral |
| MACD | -1.64 | Bearish |
Support and Resistance Levels
Moving Averages
| Period | SMA | EMA |
|---|---|---|
| 20D Moving Average | 85.59 | 85.21 |
| 50D Moving Average | 87.68 | 88.21 |
| 200D Moving Average | 102.64 | 101.34 |
News
JCR revised Indian Railway Finance Corporation Ltd.'s credit ratings and outlook via email
3 Sept 2026
Indian Railway Finance Corporation Ltd announced revisions to its credit ratings and outlook, as communicated by Japan Credit Rating Agency, Ltd. (JCR) via email dated September 3, 2026, updating the long-term issuer credit rating and outlook from "888+" with a Stable outlook to "A-I" with a Stable outlook; this intimation fulfills requirements outlined in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations, and is submitted for record-keeping purposes.
IRFC OFS wraps up with non-retail book fully subscribed, retail at 41.39%
25 Jun 2026
Indian Railway Finance Corporation's (IRFC) offer for sale (OFS) concluded on Thursday with the retail portion receiving a 41.39% subscription, while the non-retail segment was fully subscribed on the first day.
The Government of India increased the OFS size after exercising part of the oversubscription option. The total offer size was revised to 24.31 crore equity shares (1.86% equity) from the base offer of 13.07 crore shares (1% equity). The government exercised the greenshoe option for an additional 11.24 crore shares (0.86% equity), taking the total offer size to 24.31 crore shares, lower than the maximum permissible size of 26.14 crore shares (2% equity). The revised offer comprised 21.88 crore shares for non-retail investors and 2.43 crore shares for retail investors. The retail category included 1.31 crore shares under the base offer and 1.12 crore shares under the oversubscription option. At the close of bidding on 25 June 2026, the retail portion received bids for 1,00,61,078 shares, translating into a 41.39% subscription of the revised retail offer comprising 2.43 crore shares. All retail bids were backed by 100% margin. The non-retail portion had received bids for 21.87 crore shares on 24 June 2026, resulting in full subscription of the revised non-retail allocation. Of these, bids for 7.55 crore shares were backed by 100% margin, while bids for 14.32 crore shares were placed without margin. The clearing price for the non-retail portion was fixed at Rs 91 per share, which also became the cut-off price for retail investors. The indicative price for the non-retail segment stood at Rs 91.10 per share. The OFS also reserved up to 25,000 shares for eligible employees, who could apply for shares worth up to Rs 5 lakh. IRFC is a Navratna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways. It provides financing support for railway expansion, modernization and strategic infrastructure development. On a standalone basis, IRFC's net profit rose 0.15% to Rs 1684.31 crore while net sales rose 9.18% to Rs 7336.05 crore in Q4 March 2026 over Q4 March 2025. Shares of IRFC fell 0.83% to settle at Rs 91.73 on the NSE today. Powered by Capital Market - Live News
IRFC drops as Centre launches OFS to sell up to 2% stake
24 Jun 2026
Indian Railway Finance Corporation (IRFC) fell 5.30% to Rs 93.41 after the Government of India launched an offer for sale (OFS) to divest up to a 2% stake in the company.
The President of India, acting through the Ministry of Railways, plans to sell up to 13.07 crore equity shares, representing 1% of IRFC's paid-up equity capital, as the base offer. The government also retains an oversubscription option to sell an additional 13.07 crore shares, taking the total offer size to 26.14 crore shares, or 2% of the company's equity. The OFS opened for non-retail investors on 24 June 2026 and will continue for retail investors, eligible employees and non-retail investors carrying forward unallotted bids on 25 June 2026. The issue is being conducted through separate windows on the BSE and NSE. The floor price for the OFS has been fixed at Rs 91 per share, implying a discount of 7.77% to the previous day's closing price of Rs 98.67 on the NSE. Of the base offer size, 11.76 crore shares have been reserved for non-retail investors, while 1.31 crore shares have been earmarked for retail investors. Under the oversubscription option, an equal number of additional shares may be offered in both categories. As of 9:45 a.m. on 24 June 2026, the base non-retail portion, comprising 11.76 crore shares, had received bids for 40,179 shares, translating into 0.03% subscription. The indicative bid price stood at Rs 91.25 per share. The OFS also includes a reservation of up to 25,000 shares for eligible employees. Employees can bid for shares worth up to Rs 5 lakh under the offer. IRFC is a Navratna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways. It provides financing support for railway expansion, modernization and strategic infrastructure development. On a standalone basis, IRFC's net profit rose 0.15% to Rs 1684.31 crore while net sales rose 9.18% to Rs 7336.05 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live News
Indian Railway Finance Corporation's Q4 PAT marginally rises to Rs 1,684 cr
15 May 2026
Indian Railway Finance Corporation (IRFC) reported a standalone net profit of Rs 1,684 crore in Q4 FY26, marking a marginal increase of 0.14% from Rs 1,682 crore in the same period last year.
Total revenue from operations jumped 9.12% year-on-year (YoY) to Rs 7,335.75 crore in the quarter ended 31 March 2026. Profit before tax stood at Rs 1,684.31 crore in Q4 FY26, up 0.15% from Rs 1,681.87 crore recorded in the same period a year ago. On a full-year basis, the company's standalone net profit jumped 7.8% to Rs 7,009.17 crore on a 0.49% increase to Rs 27,284.15 crore in FY26 over FY25. The company recorded a 7.80% rise in annual profit after tax (PAT) with positive revenue growth, net worth rising to an all-time high of Rs 56,748 crore and assets under management (AUM) crossing an all-time high of Rs 4.85 lakh crore. The diversification-led expansion resulted in improved spreads and a consistent rise in net interest margin (NIM), while IRFC maintained its pristine zero NPA status, IRFC said in a press release. The company indicated that a steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, IRFC added. Assets under management hit an all-time high of Rs 4.85 lakh crore through fresh sanctions and disbursements in railway-linked segments. The company's total assets crossed the landmark milestone of Rs 5 lakh crore for the first time. During the financial year 2025-26, IRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance and demonstrating rapid scale-up of its diversified lending portfolio. The company actively participated in competitive and bilateral financing opportunities, securing bids worth around Rs 56,251 crore and building a robust pipeline of high-quality infrastructure assets, IRFC noted. Among the key projects, IRFC refinanced Dedicated Freight Corridor Corporation of India Limited's (DFCCIL) World Bank exposure through a Rs 9,821 crore long-term rupee facility, resulting in savings of approximately Rs 2,700 crore. The company also executed a Rs 12,842 crore refinancing deal for Hindustan Urvarak & Rasayan Limited (HURL), marking its entry into large-ticket refinancing in the fertilizer sector. IRFC has, over the past year, recalibrated its operations in response to reduced reliance on its traditional lending model. With Indian Railways not availing fresh disbursements since FY 2023-24, the company has expanded into sectors with strong forward and backward linkages to railways, including power generation, renewable energy, transmission, fertilizers, and railway-linked infrastructure, the company said. Manoj Kumar Dubey, chairman & managing director of IRFC, said, 'FY26 has been a defining year for IRFC. We have successfully built a diversified infrastructure financing platform while remaining firmly aligned to our core mandate of supporting infrastructure within the railway ecosystem. Our diversification strategy is now translating into stronger spreads, improved margins, and enhanced shareholder value. IRFC has demonstrated its ability to compete effectively in the broader infrastructure financing market while maintaining financial prudence and its long-standing record of zero NPAs. As a Navratna CPSE, IRFC has been entrusted with a larger responsibility in supporting nation-building infrastructure, and we are well positioned to play a bigger strategic role in India's infrastructure growth story.' Indian Railway Finance Corporation (IRFC) borrows funds from the financial markets to finance the acquisition and creation of assets, which are then leased out to the Indian Railways as a finance lease. The Government of India held an 86.36% stake in the company as of 31 December 2025. Shares of Indian Railway Finance Corporation shed 0.90% to Rs 99.35 on the BSE. Powered by Capital Market - Live News
Indian Railway Finance Corporation's Q4 PAT marginally rises to Rs 1,684 cr
14 May 2026
Indian Railway Finance Corporation (IRFC) reported a standalone net profit of Rs 1,684 crore in Q4 FY26, marking a marginal increase of 0.14% from Rs 1,682 crore in the same period last year.
Total revenue from operations jumped 9.12% year-on-year (YoY) to Rs 7,335.75 crore in the quarter ended 31 March 2026. Profit before tax stood at Rs 1,684.31 crore in Q4 FY26, up 0.15% from Rs 1,681.87 crore recorded in the same period a year ago. On a full-year basis, the company's standalone net profit jumped 7.8% to Rs 7,009.17 crore on a 0.49% increase to Rs 27,284.15 crore in FY26 over FY25. The company recorded a 7.80% rise in annual profit after tax (PAT) with positive revenue growth, net worth rising to an all-time high of Rs 56,748 crore and assets under management (AUM) crossing an all-time high of Rs 4.85 lakh crore. The diversification-led expansion resulted in improved spreads and a consistent rise in net interest margin (NIM), while IRFC maintained its pristine zero NPA status, IRFC said in a press release. The company indicated that a steady pipeline and emerging opportunities in sectors such as metro and ports are expected to further accelerate growth in the coming financial year, following its whole-of-government approach, IRFC added. Assets under management hit an all-time high of Rs 4.85 lakh crore through fresh sanctions and disbursements in railway-linked segments. The company's total assets crossed the landmark milestone of Rs 5 lakh crore for the first time. During the financial year 2025-26, IRFC sanctioned projects worth Rs 72,949 crore and disbursed approximately Rs 35,067 crore, exceeding its annual guidance and demonstrating rapid scale-up of its diversified lending portfolio. The company actively participated in competitive and bilateral financing opportunities, securing bids worth around Rs 56,251 crore and building a robust pipeline of high-quality infrastructure assets, IRFC noted. Among the key projects, IRFC refinanced Dedicated Freight Corridor Corporation of India Limited's (DFCCIL) World Bank exposure through a Rs 9,821 crore long-term rupee facility, resulting in savings of approximately Rs 2,700 crore. The company also executed a Rs 12,842 crore refinancing deal for Hindustan Urvarak & Rasayan Limited (HURL), marking its entry into large-ticket refinancing in the fertilizer sector. IRFC has, over the past year, recalibrated its operations in response to reduced reliance on its traditional lending model. With Indian Railways not availing fresh disbursements since FY 2023-24, the company has expanded into sectors with strong forward and backward linkages to railways, including power generation, renewable energy, transmission, fertilizers, and railway-linked infrastructure, the company said. Manoj Kumar Dubey, chairman & managing director of IRFC, said, 'FY26 has been a defining year for IRFC. We have successfully built a diversified infrastructure financing platform while remaining firmly aligned to our core mandate of supporting infrastructure within the railway ecosystem. Our diversification strategy is now translating into stronger spreads, improved margins, and enhanced shareholder value. IRFC has demonstrated its ability to compete effectively in the broader infrastructure financing market while maintaining financial prudence and its long-standing record of zero NPAs. As a Navratna CPSE, IRFC has been entrusted with a larger responsibility in supporting nation-building infrastructure, and we are well positioned to play a bigger strategic role in India's infrastructure growth story.' Indian Railway Finance Corporation (IRFC) borrows funds from the financial markets to finance the acquisition and creation of assets, which are then leased out to the Indian Railways as a finance lease. The Government of India held an 86.36% stake in the company as of 31 December 2025. Shares of Indian Railway Finance Corporation fell 1.18% to close at Rs 100.25 on the BSE. Powered by Capital Market - Live News
Insider Activity
- Disposed
- 228744407
- Shares Worth
- ₹20,83,74,09,748
- Disposed
- 224040829
- Shares Worth
- ₹23,32,63,73,507