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HomeSTOCKS₹40 Share; Government Owned Company; Now Expert Said Share Will Touch ₹54

₹40 Share; Government Owned Company; Now Expert Said Share Will Touch ₹54

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IFCI Ltd (NSE: IFCI) Share: IFCI shares have been rising for a long time. PSU is one of those stocks that has produced multibagger returns ever since Covid.

The company’s shares had hit an upper circuit of 5% yesterday. The shares reached ₹39.80 today on Thursday. 

Let us tell you that in the last four years, this multibagger stock has increased from ₹ 3.50 to ₹ 40.70 on NSE. PSU stocks opened with gains today and touched an intraday high of ₹41.30 per share on the NSE.

Condition Of Shares

PSU stocks have been in base-building mode in the last month as the entire PSU segment was in a selloff. However, the multibagger stock has given returns of over 40 percent to its shareholders in YTD. 

IFCI’s share price has increased from about ₹24 to ₹40.70 per share in the last six months. It has grown by 70 percent in the last few years.

This multibagger PSU stock has moved from around ₹9 to ₹40.70 in the last year. During this period, a growth of 350 percent has been recorded. 

PSU stock has recorded a strong rally post-COVID rebound. The post-Covid rebound has seen the IFCI share price rise from around ₹3.50 to ₹40.60 per share, equivalent to an increase of 1100 percent in the last four years.

What Is The Target Price?

Expert said that he expects IFCI’s share price to continue rising. “IFCI shares are at a level where they have formed a solid base, and their chart pattern is positive.”

IFCI investors are advised to keep the PSU stock to make higher gains while maintaining a Stop Loss at Rs 37 per share. Once it crosses the level of Rs 45, the stock can go up to the level of Rs 50 per share in the short term.

About IFCI Ltd Company 

IFCI which is also called Industrial Finance Corporation of India is a government-owned non-banking finance firm. 

It offers financial aid to industries in their development in addition to credit-granting services. 

Financial products include advice, syndication loans, loan products, corporate finance, project finance as well as structured and standardized products. 

Project Finance includes power, telecommunications roads, ports, renewable energy, airports, oil and gas, pharmaceuticals, chemicals, electronic components, basic metals and smart cities, textiles, real property, and urban infrastructure. 

The total revenue from operations is 534.11 crores, while equity capital amounts to 2195.93 crores.

Fundamental Analysis of IFCI Ltd 

Market Cap₹ 10,058 Cr.
Current Price₹ 39.80
52-wk High₹ 71.8
52-wk Low₹ 9.15
Stock P/E
Book Value₹ 15.1
Dividend0.00 %
ROCE5.38 %
ROE-3.78 %
Face Value₹ 10.0
P/B Value2.67
OPM51.8 %
EPS₹ -1.26
Debt₹ 5,746 Cr.
Debt to Equity1.53

IFCI Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 71₹ 100
2025₹ 112₹ 125
2026₹ 130₹ 155
2027₹ 160₹ 178
2028₹ 185₹ 200
2029₹ 214₹ 232
2030₹ 235₹ 250
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IFCI Ltd Shareholding Pattern

Promoters Holding
Dec 202266.35%
Mar 202366.35%
June 202370.32%
Sept 202370.32%
Dec 202370.32%
FII Holding
Dec 20221.99%
Mar 20232.00%
June 20231.51%
Sept 20231.87%
Dec 20232.08%
DII Holding
Dec 20222.29%
Mar 20232.29%
June 20232.00%
Sept 20232.01%
Dec 20232.02%
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Govt. Holding
Dec 20224.70%
Mar 20234.70%
June 20234.13%
Sept 20234.03%
Dec 20234.02%
Public Holding
Dec 202224.69%
Mar 202324.68%
June 202322.03%
Sept 202321.76%
Dec 202321.57%

IFCI Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,821 Cr
2020₹ 2,880 Cr
2021₹ 2,082 Cr
2022₹ 1,556 Cr
2023₹ 1,795 Cr
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Last 5 Years’ Net Profit:

2019₹ -476 Cr
2020₹ -223 Cr
2021₹ -1,912 Cr
2022₹ -1,761 Cr
2023₹ -157 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20193.06
20202.49
20213.12
20222.52
20231.79

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:13%
Current Year:-931%

Last 10 years’ Return on Equity (ROE):

10 Years:-6%
5 Years:-21%
3 Years:-34%
Last Year:-4%

Sales Growth Over 10 Years:

10 Years:7%
5 Years:19%
3 Years:20%
Current Year:18%

Conclusion

This article is a complete guide about IFCI Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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