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HomeSHARE MARKET₹176 Railway Share: More Than 200% Return In 2023; 76% Return In...

₹176 Railway Share: More Than 200% Return In 2023; 76% Return In 9 Trading Days

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Indian Railway Finance Corp Ltd (NSE: IRFC) share price: Indian Railway Finance Corporation shares hit a 20.51 percent upper circuit. 

The stock closed at Rs 176.25, its highest-ever closing price on the BSE. In the last nine trading days, this stock has experienced a strong rise of 76 percent. 

The market capitalization of the company now exceeds Rs 2.30 lakh crore. IRFC is now the stock of railways with the largest market capitalization. 

Not only that, but the market capitalization of the company has now surpassed M&M, Bajaj Auto, and 19 other stocks in Nifty 50.

Share Price Increased Six Times From The IPO Price

In the first two-year period after its listing, in 2021, there was little movement in the stock price. 

IRFC shares increased more than 200 percent in 2023 after this. Stocks were listed at a lower price than the Rs 26 issue price. 

With the current increase, the stock is now 6 times higher than its IPO price of Rs 26.

Stocks have gained 75 percent during January, the largest gain for a single stock ever. In September of last year, this stock rose by 53 percent.

Possible Sharp Fluctuations

There is a very small amount of IRFC stock available on the market. Only around 13.5% of the IRFC shares are available on the market. 

The government holds 86.36 percent of the company. Stock prices will be volatile due to the lack of available free float. 

According to current market prices, the government’s share in IRFC has a value of Rs 1.8 lakh crore.

Expert Opinion

A market expert said that NBFCs such as IRFC were attractive at this time. 

IRFC’s current price-to-book value is 4.5x. IRFC’s shares are increasing ahead of the expiration of its lock-in period. 

Another Alternative and Quantitative research has published a report that states the lock-in periods of IRFC for one and a half years or more will end on January 29. 

IRFC’s outstanding equity of more than 261 crore shares or 20% will be eligible for trading.

Another expert said that railway stocks are moving as fast as a bullet train. 

He believes that the structural story is likely to continue. A good order book gives them revenue visibility for the next 4-5 years. 

The execution has been outstanding in the past few quarters.

He also said that they continue to include stocks such as IRFC, RVNL, and Railtel in their investment portfolio. 

New investors, however, should wait until the fall since the stocks have risen a little.

About Indian Railway Finance Corp Ltd

Indian Railway Finance Corporation (IRFC), as part of Indian Railways, raises funds on the bond market to bolster railway infrastructure.

Indian Railway Finance Corporation Limited serves as a market borrowing arm of the Ministry of Railways and strives to generate funds by borrowing in domestic and international capital markets at competitive prices.

IRFC also lends funds directly to companies within the railway sector such as Rail Vikas Nigam Limited, Power Fin Corp Limited, and Konkan Railway Corporation Limited for loans of this nature.

Fundamental Analysis of Indian Railway Finance Corp Ltd

Market Cap₹ 2,30,332 Cr.
Current Price₹ 176.25
52-wk High₹ 160.85
52-wk Low₹ 25.40
Stock P/E37.75
Book Value₹ 36.5
Dividend0.85 %
ROCE5.32 %
ROE14.7 %
Face Value₹ 10.0
P/B Value4.83
OPM99.5 %
EPS₹ 4.64
Debt₹ 4,06,443 Cr.
Debt to Equity8.52

Indian Railway Finance Corp (IRFC) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 140₹ 210
2025₹ 255₹ 340
2026₹ 360₹ 440
2027₹ 480₹ 560
2028₹ 600₹ 720
2029₹ 741₹ 821
2030₹ 900₹ 1,100
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Indian Railway Finance Corp Ltd Shareholding Pattern

Promoters Holding
Dec 202286.36%
Mar 202386.36%
June 202386.36%
Sept 202386.36%
Dec 202386.36%
FII Holding
Dec 20221.01%
Mar 20231.15%
June 20231.14%
Sept 20231.14%
Dec 20231.15%
DII Holding
Dec 20222.97%
Mar 20232.62%
June 20232.02%
Sept 20231.63%
Dec 20231.15%
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Public Holding
Dec 20229.66%
Mar 20239.87%
June 202310.49%
Sept 202310.88%
Dec 202311.34%

Indian Railway Finance Corp Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of 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₹ 11,134 Cr
2020₹ 13,421 Cr
2021₹ 15,771 Cr
2022₹ 20,299 Cr
2023₹ 25,900 Cr

Last 5 Years’ Net Profit:

2019₹ 2,255 Cr
2020₹ 3,192 Cr
2021₹ 4,416 Cr
2022₹ 6,090 Cr
2023₹ 6,068 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20196.95
20207.57
20219
20229.47
20239.21

Last 10 Years’ Profit Growth:

10 Years:28%
5 Years:25%
3 Years:26%
Current Year:-6%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:14%
3 Years:15%
Last Year:15%

Sales Growth Over 10 Years:

10 Years:16%
5 Years:21%
3 Years:21%
Current Year:15%

Conclusion

This article is a complete guide about Indian Railway Finance Corp Ltd IRFC Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations 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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Also Read: ₹95 Share Jumped 35% After Record Date Announcement; 1st February Record Date

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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