IFCI Limited (IFCI) Fair Value & Analysis

Financial Services · IN · Market cap ₹207B

Below-average quality, and screening another 89% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹10.91). The favourable scenario is already priced in.
• Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹8.35 – ₹90.07 · fair‑value band ₹6.55 – ₹10.91 · the ₹78.93 price screens above the ₹8.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.

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Analysis

IFCI Limited (IFCI) currently trades at ₹78.93, while our model-based Fair Value estimate is ₹8.73, implying the stock looks roughly 88.9% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Revenue declined 34.6% year over year. It earns a return on equity of 4.9%. The balance sheet holds a net cash position of ₹35.8B. The stock trades on a trailing P/E of 114.4. Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹6.55 (bear case) to ₹10.91 (bull case); at ₹78.93, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at -89%, IFCI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (₹103.00) versus Dividend Discount (₹6.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

IFCI Limited provides non-banking financial services to the public sector in India. The company offers project finance for the power sector, telecommunications, roads, oil and gas, ports, airports, basic metals, chemicals, pharmaceuticals, electronics, textiles, real estate, smart cities, urban infrastructure, etc.

Full company description

IFCI Limited provides non-banking financial services to the public sector in India. The company offers project finance for the power sector, telecommunications, roads, oil and gas, ports, airports, basic metals, chemicals, pharmaceuticals, electronics, textiles, real estate, smart cities, urban infrastructure, etc. It also provides corporate finance, such as balance sheet funding, loan against shares, lease rental discounting, promoter funding, long-term working capital requirement, capital expenditure, and regular maintenance capex services, as well as short term loans, including bridge financing and short-term working capital to small, mid, and large corporates. In addition, the company offers syndication and advisory services, which include financial, ESG, and other project advisory for government and corporate sectors; structured debt/mezzanine products; and assistance in sponsor and acquisition financing, pre-IPO financing, off-balance sheet structured solutions, and others. Further, it provides sales and resolution services for non-performing assets; ESG services; real estate and infrastructure services; risk capital schemes; and post trading and custodial services, as well as acts as debenture trustee for debenture issues. Additionally, the company offers stock broking, depository participant services, merchant banking, insurance corporate agency, mutual fund products distribution, and corporate advisory services. Again, it provides financial support services for airports, roads, telecom, power, real estate, manufacturing, and services sectors, as well as other allied industries. The company was formerly known as Industrial Finance Corporation of India and changed its name to IFCI Limited in October 1999. IFCI Limited was founded in 1948 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

IFCI Limited reported revenue of ₹21.3B in FY2026 versus ₹18.0B in FY2022, a compound +4.4%/yr. Reported net income was ₹1.8B in FY2026.

IFCI screens 89% overvalued. Compare with Visa Inc →

Peer Group

Credit Services · 334 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Credit Services median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.