अApnaFunda
Menu

IFCI LIMITED (IFCI)

Finance · Finance/Rental/Leasing · figures to Nov '26

Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.35 / 100
Price 16Earnings 10FII/DII 80
Compare withBAJAJ FINANCESHRIRAM FINANCECHOLAMANDALAM INVESTMENT AND F

Share price

Closing priceAdjusted for splits and bonus issues.

₹61.64 latest close · −18.8% over the last 90 sessions

₹60₹80₹100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹60₹80₹100Jul 3Sep 4Nov 9

₹61.64 month-end · +21.0% over 12 months

₹60₹80Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹80Nov '25May '26Nov '26

₹61.64 month-end · +142.7% over 3 years

₹20₹40₹60₹80Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹20₹40₹60₹80Nov '23May '25Nov '26

₹61.64 month-end · +353.2% since Jan '19

₹0₹25₹50₹75Jan '19Aug '20Mar '22Sep '23Apr '25Nov '26 ₹0₹25₹50₹75Jan '19Dec '22Nov '26

52-week range ₹46.23 to ₹107.50 · 1-year volatility 55.6%

Was the rally earned?

+21%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 42.8x to 96.3x); per-share earnings took off 68 points.
  • The share count rose 61%.
Net profit growth: −16 pts. Points of the price return explained by net profit growing (or shrinking).−16 ptsNet profit growthP/E change: +89 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+89 ptsP/E changeShare count change: −53 pts. Points of the price return explained by the share count changing. More shares count against the price.−53 ptsShare count changeShare price: +21%+21%Share priceNet profit growth: −16 pts. Points of the price return explained by net profit growing (or shrinking).−16ProfitP/E change: +89 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+89P/EShare count change: −53 pts. Points of the price return explained by the share count changing. More shares count against the price.−53SharesShare price: +21%+21%Share price
Net profit growth-16 ptsNet profit fell about 13%, which lowers the price.
P/E change+89 ptsThe P/E rose from 42.8x to 96.3x, which lifts the price.
Share count change-53 ptsShare count rose 61%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BAJAJ FINANCE

How rough has the ride been?

Maximum drawdown-77.1%recovered 2021-03
1-year volatility55.6%annualised
Beta vs sector index1.573-year daily, correlation 0.48
Volume spikes11last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2020202120222023202420252026−76.7% 0%−25%−50%−75%2020202220242026−76.7%
Largest drawdowns

-77.1% (2019-01 peak to 2020-03 low, recovered 2021-03)

-55.1% (2024-07 peak to 2025-05 low, recovered 2026-06)

-53.4% (2021-12 peak to 2022-06 low, recovered 2023-09)

Most recent volume spikes

2026-10-08: 5.2x the 50-day median, price +3.7% that day

2026-09-17: 7x the 50-day median, price +2.7% that day

2026-09-16: 5x the 50-day median, price -2.5% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

1.9xP/B todayNear its historic high
Against its own history84th percentile
CheapestMedian 0.3xDearest

Usual range 0.1x to 2.3x since 2019-01.

Against Finance1.9x vs 1.5x
This company
1.9x
Sector median
1.5x

22% above the Finance median.

0.1x1.3x2.5x3.8xJan '19Aug '20Mar '22Oct '23May '25Nov '260.1x1.3x2.5x3.8xJan '19Sep '21May '24Nov '26
P/B (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/E (this company)10th to 90th percentile of its own historyIts medianFinance median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianFinance median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/B history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Finance is valued

Where does it rank among Finance peers?

Each cell is the company's percentile rank among its Finance peers (banks and financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROE (approx.)15thflat vs a year ago
  • EPS growth7th▼ 86 pts vs a year ago
  • P/B ↓42nd▼ 34 pts vs a year ago
  • 12M momentum83rd▲ 59 pts vs a year ago
  • FII + DII21st▲ 7 pts vs a year ago

Rank history

ROE (approx.)
EPS growth
P/B ↓
12M momentum
FII + DII
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Finance sector page Watch it move against Finance in the Observatory

What is the price implying?

~35%annual earnings growth implied by the price

At a P/E of 96.3x, the price would imply about 34.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Finance The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹61.64
P/E
96.3x
Market Cap
₹16599 cr
Revenue (TTM)
₹1988 cr
P/S
8.3x
P/B
1.9x
ROE
2.0%
Debt / Equity
0.4x
Promoter Holding
72.6%
12M Momentum
21.0%

52-week range

₹46.23₹107.50
25% of the way from its 52-week low to its high

Price risk

1Y volatility
55.6%
Beta vs sector
1-year daily
1.32

Balance sheet & cash

Share count, 1Y
unchanged

Are profits backed by cash?

1 of 1checks within rangeAll clear
Tax rate35%Within range

Median quarterly effective tax rate over about 2.5 years: 35.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Tap a check to see how it is measured

Cash conversion and receivable days are not meaningful for banks and NBFCs, so only the other-income and tax-rate checks are shown.

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, promoters added 2.2 pts; FIIs added 1.6 pts.
  • The number of shareholders rose from 5.4 lakh to 9.6 lakh (+77%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters70.3%72.6%+2.3 pts
FIIs1.9%3.5%+1.6 pts
DIIs2.0%1.7%-0.3 pts
Public and others21.8%20.1%-1.6 pts

Number of shareholders

9.6 lakhshareholders+77% since Sep '23
5.4L7.0L8.6L10.2L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 5.4 lakh
Dec '23: 5.9 lakh
Mar '24: 8.3 lakh
Jun '24: 8.8 lakh
Sep '24: 9.8 lakh
Dec '24: 10.0 lakh
Mar '25: 10.0 lakh
Jun '25: 10.2 lakh
Sep '25: 9.9 lakh
Dec '25: 9.6 lakh
Mar '26: 9.7 lakh
Jun '26: 9.6 lakh
 5.4L7.0L8.6L10.2L Sep '23Sep '24Sep '25Jun '26
Sep '23: 5.4 lakh
Dec '23: 5.9 lakh
Mar '24: 8.3 lakh
Jun '24: 8.8 lakh
Sep '24: 9.8 lakh
Dec '24: 10.0 lakh
Mar '25: 10.0 lakh
Jun '25: 10.2 lakh
Sep '25: 9.9 lakh
Dec '25: 9.6 lakh
Mar '26: 9.7 lakh
Jun '26: 9.6 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

Not enough comparable history to show analogs for this company yet.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

ESAF SMALL FINANCE BANKESAFSFB
Finance
55%similar
ROEvolatility
THE NEW INDIA ASSURANCE CONIACL
Finance
51%similar
ROEvolatility
CREDITACCESS GRAMEENCREDITACC
Finance
50%similar
market cappromoter holding

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Sep '23

  1. OctPriceFell 47% from the Sep 2026 peak to the Oct 2026 low.
  2. OctPriceVolume reached 5.2x its 50-day median on 2026-10-08; price +3.7% that day.
  3. SepResultsYear-on-year EPS growth turned negative.
  4. SepPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
  5. SepPriceVolume reached 20.1x its 50-day median on 2026-09-02; price +12.7% that day.
  6. JulValuationP/B crossed above the 90th percentile of its own history to date (2.2x).
  7. JunPriceRegained the 2024-07 peak, 13 months after the low.
  8. JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).
Show 22 earlier events
  1. JunPriceVolume reached 21.3x its 50-day median on 2026-06-03; price +12.3% that day.
  2. FebDebtDebt / equity halved over 12 months to 0.43x.
  3. JanPriceVolume reached 65.2x its 50-day median on 2026-01-12; price +15.1% that day.
  4. OctPriceVolume reached 14.5x its 50-day median on 2025-10-08; price +4.1% that day.
  5. SepPriceVolume reached 7.2x its 50-day median on 2025-09-17; price +5.2% that day.
  6. JulDebtDebt / equity halved over 12 months to 0.43x.
  7. JulSharesShare count is up 8.2% over 12 months.
  8. JunPeer rankMoved into the top quartile of Finance on EPS growth (from the bottom quartile).
  9. JunDebtDebt / equity fell below 1.0x (0.43x).
  10. MayPriceFell 55% from the Jul 2024 peak to the May 2025 low.
  11. MayPriceVolume reached 39.9x its 50-day median on 2025-05-28; price +15.1% that day.
  12. NovPriceVolume reached 5.1x its 50-day median on 2024-11-25; price +11.3% that day.
  13. JulPriceRegained the 2024-02 peak, 4 months after the low.
  14. JulPriceVolume reached 7.8x its 50-day median on 2024-07-12; price +12.0% that day.
  15. JunResultsEPS (TTM) turned positive.
  16. JunSharesShare count is up 13.4% over 12 months.
  17. MayPriceVolume reached 8.8x its 50-day median on 2024-05-03; price +4.9% that day.
  18. MarPriceFell 45% from the Feb 2024 peak to the Mar 2024 low.
  19. JanPriceVolume reached 5.5x its 50-day median on 2024-01-23; price +3.9% that day.
  20. OctPriceVolume reached 5.1x its 50-day median on 2023-10-12; price +12.1% that day.
  21. SepPriceRegained the 2021-12 peak, 15 months after the low.
  22. SepValuationP/B crossed above the 90th percentile of its own history to date (0.3x).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history95 months · 2019-01 to 2026-11
MonthP/ERevenue (TTM)ROEDebt / Equity
2026-1196.3x₹1988 cr2.0%0.4x
2026-1085.4x₹1988 cr2.0%0.4x
2026-09107.5x₹1988 cr2.0%0.4x
2026-08133.9x₹2068 cr2.0%0.4x
2026-07114.2x₹2068 cr2.0%0.4x
2026-06111.8x₹2068 cr2.0%0.4x
2026-0546.9x₹2012 cr3.0%0.4x
2026-0440.2x₹2012 cr3.0%0.4x
2026-0332.8x₹2012 cr3.0%0.4x
2026-0242.8x₹2015 cr3.0%0.4x
2026-0139.4x₹2015 cr3.0%0.4x
2025-1237.8x₹2015 cr3.0%0.4x
2025-1142.8x₹1897 cr3.0%0.4x
2025-1048.7x₹1897 cr3.0%0.4x
2025-0945.4x₹1897 cr3.0%0.4x
2025-0881.1x₹1878 cr3.0%0.4x
2025-0790.7x₹1878 cr3.0%0.4x
2025-06103.4x₹1878 cr3.0%0.4x
2025-05168.6x₹2069 cr2.0%1.2x
2025-04105.7x₹2069 cr2.0%1.2x
2025-03107.7x₹2069 cr2.0%1.2x
2025-0268.5x₹2064 cr2.0%1.2x
2025-0193.7x₹2064 cr2.0%1.2x
2024-12103.8x₹2064 cr2.0%1.2x
2024-1188.7x₹2054 cr2.0%1.2x
2024-1080.2x₹2054 cr2.0%1.2x
2024-0991.8x₹2054 cr2.0%1.2x
2024-08152.9x₹1986 cr2.0%1.2x
2024-07178.2x₹1986 cr2.0%1.2x
2024-06125.7x₹1986 cr2.0%1.2x
2024-05—₹1699 cr-6.0%1.6x
2024-04—₹1699 cr-6.0%1.6x
2024-03—₹1699 cr-6.0%1.6x
2024-02—₹1699 cr-6.0%1.6x
2024-01—₹1699 cr-6.0%1.6x
2023-12—₹1699 cr-6.0%1.6x
2023-11—₹1699 cr-6.0%1.6x
2023-10—₹1699 cr-6.0%1.6x
2023-09—₹1699 cr-6.0%1.6x
2023-08—₹1699 cr-6.0%1.6x
2023-07—₹1699 cr-6.0%1.6x
2023-06—₹1699 cr-6.0%1.6x
2023-05—₹1556 cr-56.0%2.5x
2023-04—₹1556 cr-56.0%2.5x
2023-03—₹1556 cr-56.0%2.5x
2023-02—₹1556 cr-56.0%2.5x
2023-01—₹1556 cr-56.0%2.5x
2022-12—₹1556 cr-56.0%2.5x
2022-11—₹1556 cr-56.0%2.5x
2022-10—₹1556 cr-56.0%2.5x
2022-09—₹1556 cr-56.0%2.5x
2022-08—₹1556 cr-56.0%2.5x
2022-07—₹1556 cr-56.0%2.5x
2022-06—₹1556 cr-56.0%2.5x
2022-05—₹2082 cr-43.0%3.0x
2022-04—₹2082 cr-43.0%3.0x
2022-03—₹2082 cr-43.0%3.0x
2022-02—₹2082 cr-43.0%3.0x
2022-01—₹2082 cr-43.0%3.0x
2021-12—₹2082 cr-43.0%3.0x
2021-11—₹2082 cr-43.0%3.0x
2021-10—₹2082 cr-43.0%3.0x
2021-09—₹2082 cr-43.0%3.0x
2021-08—₹2082 cr-43.0%3.0x
2021-07—₹2082 cr-43.0%3.0x
2021-06—₹2082 cr-43.0%3.0x
2021-05—₹2880 cr-4.0%2.4x
2021-04—₹2880 cr-4.0%2.4x
2021-03—₹2880 cr-4.0%2.4x
2021-02—₹2880 cr-4.0%2.4x
2021-01—₹2880 cr-4.0%2.4x
2020-12—₹2880 cr-4.0%2.4x
2020-11—₹2880 cr-4.0%2.4x
2020-10—₹2880 cr-4.0%2.4x
2020-09—₹2880 cr-4.0%2.4x
2020-08—₹2880 cr-4.0%2.4x
2020-07—₹2880 cr-4.0%2.4x
2020-06—₹2880 cr-4.0%2.4x
2020-05—₹2821 cr-12.0%3.1x
2020-04—₹2821 cr-12.0%3.1x
2020-03—₹2821 cr-12.0%3.1x
2020-02—₹2821 cr-12.0%3.1x
2020-01—₹2821 cr-12.0%3.1x
2019-12—₹2821 cr-12.0%3.1x
2019-11—₹2821 cr-12.0%3.1x
2019-10—₹2821 cr-12.0%3.1x
2019-09—₹2821 cr-12.0%3.1x
2019-08—₹2821 cr-12.0%3.1x
2019-07—₹2821 cr-12.0%3.1x
2019-06—₹2821 cr-12.0%3.1x
2019-054.4x₹4322 cr6.0%3.5x
2019-044.7x₹4322 cr6.0%3.5x
2019-036.1x₹4322 cr6.0%3.5x
2019-025.6x₹4322 cr6.0%3.5x
2019-016.0x₹4322 cr6.0%3.5x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

Feedback