AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 25 Sep - Prof. Narayanaswamy Balakrishnan ceased as Non-Executive, Non-Independent Director effective September 25, 2026.
Source: Bse
IFCI Limited (IFCI)
Small CapFinancial Services stocks · Small cap · NSE
IFCI Limited operates in Development Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 01:00 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -19.8% / mo · MACD +
Stock trend: 35
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
IFCID candles · FIT view+9.0%Latest close ₹64.85 on 2026-10-19
Bar
-2.9%
RSI
36
MACD hist
0.21
52W pos
30%
2026-10-19O ₹66.80H ₹66.80L ₹64.22C ₹64.85Vol 1.4Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IFCINifty Financial ServicesNifty 500
- IFCI
- -11.3%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -5.7 pp
Chart stats
19 Oct 2026- From 52W high
- -39.7%
- 52W range position
- 30%
- ATR (14)
- 5.6%
- Volume vs 20D
- 0.26x
- Avg traded value
- ₹355 Cr
- 20D price channel
- ₹63.3 - ₹80.1
₹107.5
₹46.2 - ₹107.5
₹3.6
Latest completed session
20-session average
49.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED22
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -19.7% · PAT -3.2% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model-297.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -20% YoY · PAT -3% YoY · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹327 Cr | -19.7% | -30.4% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹60 Cr | -3.2% | +76.5% |
| PAT margin | 18.4% | +312 bps | +1112 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 101.00
- P/B
- 2.02
- EV/EBITDA
- 253.82
- Market Cap
- 18052.00Cr
Profitability
- ROE
- 1.97%
- ROCE
- 4.90%
- ROA
- 1.63%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -5.59%
- EPS 5Y
- 16.00%
- Revenue 3Y
- 7.00%
- EPS 3Y
- 41.00%
Balance Sheet
- Debt/Equity
- 0.39
- Interest Coverage
- —
- Altman Z
- 1.07
- Book Value
- 33.20
Cash Flow
- FCF Yield
- 1.69%
- FCF Positive Y
- 6/5
- OCF
- 280.00 Cr
- EPS TTM
- 0.64
Shareholding
- Promoter Hold
- 72.57%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3.0-81.3% vs prev
Net Profit
₹ CrLatest: 435+24.6% vs prev
Return on Equity
%Latest: 16.1+314.1% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 36.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~24.7% over last month) — short-term momentum negative.
- RSI(14) at 36 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 40% off 52W high · 40% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
75
RS percentile
Stage 1 Base / Transition
1M return
-15.2%
3M return
-11.3%
6M return
+5.0%
1Y return
+15.0%
RS 1D
-4
RS 20D
-11
Sector rank
#9
Industry rank
#20
Stage evidence
- Price is 8.7% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +2.6% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 125.45-2.19%
RS vs Nifty 500125
Valuation & peers
U-Score 22 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 22 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth10/25
Quality0/20
Balance Sheet4/15
Cash Flow5/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
22
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
22/100 · legacy band OVERVALUED
Positive drivers
- Cash flow contributes 5/10 to the score.
- Growth contributes 10/25 to the score.
- Balance sheet contributes 4/15 to the score.
Main drags
- Altman Z is 1.1, in distress territory.
- Fair-value margin of safety is negative at -297.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
101.0
PB
2.0
EV/EBITDA
253.8
ROE
2.0%
ROCE
4.9%
FCF Yield
1.7%
Debt/Equity
0.4
MoS
-297.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
22
Previous: 22
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-297.4%
Previous: -297.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
22
22
22
22
22
22
22
22
22
22
22
22
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹21.87
-196.6% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹16.32
-297.4% MoS
PEG
3.95
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CREDITACC
Small
CREDITACCESS GRAMEEN LIMITED
NBFC
match 130
33
16.3
10.5%
+36%
WATCHLIST
FIVESTAR
Small
Five-Star Business Finance Limited
NBFC
match 130
27
95.5
16.0%
-200%
OVERVALUED
CGCL
Small
Capri Global Capital Limited
NBFC
match 128
35
21.1
16.5%
+18%
WATCHLIST
IIFL
Small
IIFL Finance Limited
NBFC
match 126
38
10.4
12.6%
+59%
WATCHLIST
APTUS
Small
Aptus Value Housing Finance India Limited
NBFC
match 126
50
11.3
20.1%
+57%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
IFCI Limited operates in Development Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 55th percentile within Financial Services. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
4 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Financial Services: 55th pctile, median 62 · Small: 43rd pctile, median 66
Evidence depth
Financial-only
4 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
48
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 72.6%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.7%.
- ▸6 years of positive FCF.
Trust risks
- ▸Altman Z is 1.07.
- ▸ROCE is low at 4.9%.
- ▸ROE is low at 2%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching IFCI Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Meeting Updates 25 Sep - IFCI held 33rd AGM on Sept. 25, 2026; approved FY26 accounts and appointed DMD, independent director.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 15 Sep - Shri Dilip Singh Punia appointed Additional Independent Director from September 11, 2026 for three years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Sep
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 14 Sep - ICRA reaffirmed IFCI ratings: bank limits B+, bonds B+, commercial paper A4; watch with developing implications.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 8 Sep - C&AG appointed Dhawan & Co. as IFCI statutory auditor for FY 2026-27.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Copy of Newspaper Publication regarding the Notice of 33rd AGM
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 18 Aug - CARE reaffirmed IFCI debt ratings at CARE BB (RWD) for bonds, NCDs and bank facilities.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Management 10 May - Shri Umesh Kumar Garg ceased as Independent Director effective May 10, 2026 after tenure ended.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.