IFCI Limited (IFCI) AI Stock Analysis

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IFCI Limited

(NSE:IFCI)

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Rating:51Neutral

Price Target:INR 62.00▲(13.45% Upside)

Action:reiterated

Date:10/23/26

The score is driven primarily by improving financial performance (return to profitability, materially lower leverage, and strong FY2026 cash flow), but is held back by weak technical momentum (price below major moving averages with negative MACD) and an expensive valuation (very high P/E with no dividend yield provided).

Positive Factors

Profitability RecoveryThe return to profitability after large FY2021–FY2022 losses indicates a meaningful operating recovery. If maintained, positive earnings can strengthen internal capital generation, support lending capacity, and improve resilience across the next several quarters.

Negative Factors

Volatile Revenue TrendUneven revenue growth makes the recovery less predictable and suggests that expansion in lending or related income has not yet become consistently established. Continued volatility could limit visibility on earnings progression and weaken operating leverage.

IFCI Limited (IFCI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 147.30B
Dividend Yield: ―
Average Volume (3M): 4.31M
Price to Earnings (P/E): 85.4
Beta (1Y): 1.96
Revenue Growth: -2.70%
EPS Growth: -45.62%
Country: India
Employees: 114
Sector: General
Sector Strength: 55
Industry: Financial - Credit Services

IFCI Limited Business Overview & Revenue Model

Company Description

IFCI Limited, founded in 1948 and headquartered in New Delhi, India, operates as a non-banking financial institution primarily serving India's public sector. The company plays a significant role in project financing, supporting a wide array of vital...

How the Company Makes Money

IFCI’s core revenue model is typical of a financial institution focused on lending and financing. It primarily makes money through (1) interest income earned on loans and financing it provides to borrowers; (2) fee-based income associated with financ...

IFCI Limited Financial Statement Overview

Summary

Financials show a meaningful recovery: net income has turned positive in FY2024–FY2026 and leverage has improved substantially (debt-to-equity falling to below ~0.5x by FY2025, with total debt down sharply by FY2026). However, confidence is tempered by a recent history of deep losses and highly volatile cash generation, including negative operating/free cash flow in FY2025 before a strong rebound in FY2026.

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	19.93B	21.34B	19.56B	20.16B	16.17B	17.97B
Gross Profit	14.32B	14.34B	14.21B	14.45B	9.75B	8.54B
EBITDA	6.02B	6.10B	8.32B	8.32B	1.00B	-14.57B
Net Income	1.74B	1.81B	1.71B	1.04B	-2.08B	-18.31B
Balance Sheet
Total Assets	0	265.70B	257.24B	189.18B	169.39B	154.87B
Cash, Cash Equivalents and Short-Term Investments	0	71.02B	55.15B	50.46B	38.77B	9.66B
Total Debt	0	35.23B	37.14B	53.67B	60.20B	71.62B
Total Liabilities	-155.05B	110.66B	106.45B	112.38B	102.70B	104.33B
Stockholders Equity	155.05B	89.44B	86.91B	45.34B	37.67B	28.18B
Cash Flow
Free Cash Flow	3.29B	16.25B	-10.31B	-321.70M	-4.01B	-2.88B
Operating Cash Flow	3.35B	16.81B	-9.84B	118.70M	-3.36B	-2.57B
Investing Cash Flow	269.00M	1.64B	-697.30M	-1.55B	-589.60M	-300.10M
Financing Cash Flow	-712.10M	-3.39B	4.15B	4.04B	4.65B	731.80M

IFCI Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price54.65

Price Trends

50DMA75.33Negative

100DMA75.95Negative

200DMA67.68Negative

Market Momentum

MACD-4.76Positive

RSI24.73Positive

STOCH6.02Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IFCI, the sentiment is Negative. The current price of 54.65 is below the 20-day moving average (MA) of 63.90, below the 50-day MA of 75.33, and below the 200-day MA of 67.68, indicating a bearish trend. The MACD of -4.76 indicates Positive momentum. The RSI at 24.73 is Positive, neither overbought nor oversold. The STOCH value of 6.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IFCI.

IFCI Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:IFCI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:RECLTD	84Outperform	INR 750.47B	4.99	―	5.99%	-2.74%	-12.39%
IN:LTF	72Outperform	INR 612.82B	17.89	―	1.12%	17.30%	26.39%
IN:PFC	67Neutral	INR 1.04T	3.97	―	5.97%	3.53%	7.13%
IN:IIFL	66Neutral	INR 225.36B	9.01	―	0.76%	36.50%	190.08%
IN:PFS	61Neutral	INR 15.06B	8.43	―	―	-21.30%	-48.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:IFCI	51Neutral	INR 147.24B	85.42	―	―	-2.70%	-45.62%

* General Sector Average

Performance Comparison

IN:IFCI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:IFCI	IFCI Limited	54.65	-2.69	-4.69%
IN:IIFL	IIFL Finance Limited	528.00	-8.23	-1.54%
IN:LTF	L&T Finance Ltd	244.50	-32.40	-11.70%
IN:PFC	Power Finance Corporation Limited	314.00	-70.47	-18.33%
IN:PFS	PTC India Financial Services Limited	23.45	-13.26	-36.12%
IN:RECLTD	REC Limited	285.00	-76.07	-21.07%

IFCI Limited Corporate Events

IFCI Files Scrutinizer’s Report and Voting Results from 33rd AGM

Sep 25, 2026

IFCI Limited has disclosed to the stock exchanges the scrutinizer’s report and consolidated voting results from its 33rd Annual General Meeting held on September 25, 2026 via video conferencing.The appointment of an independent scrutinizer and...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 23, 2026

IFCI Limited AI Stock Analysis