IRFC
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IRFC Signs Term Loan Agreement With HURL For 128.42 Billion Rupees Refinancing
March 23 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - SIGNS TERM LOAN AGREEMENT WITH HURL FOR 128.42 BILLION RUPEES REFINANCING
Source text: ID:nBSE8PGszg
Further company coverage: INID.NS
March 23 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - SIGNS TERM LOAN AGREEMENT WITH HURL FOR 128.42 BILLION RUPEES REFINANCING
Source text: ID:nBSE8PGszg
Further company coverage: INID.NS
IRFC Declares Dividend Of 1.05 Rupees Per Share
March 9 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - DIVIDEND OF 1.05 RUPEES PER SHARE
IRFC - APPROVES FUND RAISING UP TO 700 BILLION RUPEES
IRFC - RAISING OF FUNDS UP TO 700 BILLION RUPEES FOR FINANCIAL YEAR 2026-27
Source text: ID:nBSE8J1F7J
Further company coverage: INID.NS
March 9 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - DIVIDEND OF 1.05 RUPEES PER SHARE
IRFC - APPROVES FUND RAISING UP TO 700 BILLION RUPEES
IRFC - RAISING OF FUNDS UP TO 700 BILLION RUPEES FOR FINANCIAL YEAR 2026-27
Source text: ID:nBSE8J1F7J
Further company coverage: INID.NS
IRFC Says Indian Government's Stake In Co Reduced To 84.65% From 86.36% After Offer For Sale
March 2 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIA GOVERNMENT'S STAKE IN CO REDUCED TO 84.65% FROM 86.36% AFTER OFFER FOR SALE
Source text: ID:nBSE5nWlBG
Further company coverage: INID.NS
March 2 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIA GOVERNMENT'S STAKE IN CO REDUCED TO 84.65% FROM 86.36% AFTER OFFER FOR SALE
Source text: ID:nBSE5nWlBG
Further company coverage: INID.NS
IRFC Signs Loan Agreement With Consortium Of Sumitomo Mitsui Banking Corp, Gift City Branch & MUFG Bank
Feb 25 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
SIGNED LOAN AGREEMENT WITH CONSORTIUM OF SUMITOMO MITSUI BANKING CORP, GIFT CITY BRANCH & MUFG BANK
IRFC SIGNS LOAN AGREEMENT FOR $400 MILLION ECB
Source text: ID:nBSE34WzrD
Further company coverage: INID.NS
Feb 25 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
SIGNED LOAN AGREEMENT WITH CONSORTIUM OF SUMITOMO MITSUI BANKING CORP, GIFT CITY BRANCH & MUFG BANK
IRFC SIGNS LOAN AGREEMENT FOR $400 MILLION ECB
Source text: ID:nBSE34WzrD
Further company coverage: INID.NS
IRFC Says Floor Price For Offer For Sale Is 104 Rupees Per Share
Feb 24 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
FLOOR PRICE FOR OFFER FOR SALE IS 104 RUPEES PER SHARE
Source text: ID:nBSE4t5nyN
Further company coverage: INID.NS
Feb 24 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
FLOOR PRICE FOR OFFER FOR SALE IS 104 RUPEES PER SHARE
Source text: ID:nBSE4t5nyN
Further company coverage: INID.NS
IRFC Signs Strategic MoU For Tuticorin Port Development
Feb 3 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - SIGNS STRATEGIC MOU FOR TUTICORIN PORT DEVELOPMENT
Source text: ID:nBSE7ZWHTX
Further company coverage: INID.NS
Feb 3 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - SIGNS STRATEGIC MOU FOR TUTICORIN PORT DEVELOPMENT
Source text: ID:nBSE7ZWHTX
Further company coverage: INID.NS
Indian Railway Finance Corp Dec-Quarter Profit 18.02 Billion Rupees
Jan 19 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIAN RAILWAY FINANCE CORP STANDALONE DEC-QUARTER PROFIT 18.02 BILLION RUPEES
INDIAN RAILWAY FINANCE CORP STANDALONE DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 66.61 BILLION RUPEES
Source text: [ID:]
Further company coverage: INID.NS
Jan 19 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIAN RAILWAY FINANCE CORP STANDALONE DEC-QUARTER PROFIT 18.02 BILLION RUPEES
INDIAN RAILWAY FINANCE CORP STANDALONE DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 66.61 BILLION RUPEES
Source text: [ID:]
Further company coverage: INID.NS
Indian Railway Finance Corp Executes Refinancing For Bhartiya Rail Bijlee Co
Aug 21 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC EXECUTES REFINANCING FOR BHARTIYA RAIL BIJLEE COMPANY
Source text: ID:nNSE8SXG6p
Further company coverage: INID.NS
Aug 21 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC EXECUTES REFINANCING FOR BHARTIYA RAIL BIJLEE COMPANY
Source text: ID:nNSE8SXG6p
Further company coverage: INID.NS
Indian state-run firms delay zero-coupon bond sales on demand concerns, bankers say
By Dharamraj Dhutia
MUMBAI, June 16 (Reuters) - Three Indian state-run companies are likely to delay raising funds through deep-discount zero-coupon bonds as investor appetite has weakened, three merchant bankers said.
State-run Indian Railway Finance Corp INID.NS, Housing and Urban Development Corp HUDC.NS and REC RECM.NS were set to test the market but have been advised by their bankers to hold off, they said.
"We have advised companies to wait for at least two to three months, because under the current scenario, there is no appetite for these bonds," one of the bankers said.
The bankers requested anonymity as they are not authorised to speak to media. None of the companies replied to Reuters' emails seeking comment.
Deep-discount bonds are typically issued at a discount of over 20%-25% to their face value and do not pay interest.
Last Monday, Power Finance Corp was forced to withdraw its planned deep-discount bond issue for the second time in under six weeks due to weak demand.
"The recent pickup in yields and escalating geopolitical situation in the Middle East will further sway investors away from these instruments for the time being," said Umesh Khandelwal, chief business officer at bond arranger Tipsons Group.
Refinitiv benchmark AAA-rated 10-year corporate bond yield has risen nearly 20 basis points since the central bank changed its policy stance to "neutral" from "accommodative" on June 6.
Market participants have highlighted concerns of excess supply as the Indian government has approved issuance of such bonds worth 495 billion rupees ($5.6 billion) and more state-run companies are expected to get the go-ahead. The firms have to raise these funds by March 2027.
A lack of liquidity in the secondary market and losses faced by investors of an issuance by REC are also acting as deterrents, traders said.
In September 2024, REC raised 50 billion rupees through deep-discount bonds at a yield of 6.25%.
Companies that have received approval to issue deep-discount bonds:
Company | Approval in billion rupees |
PFC | 100 |
HUDCO | 50 |
IRFC | 100 |
REC | 50 |
NABARD | 195 |
($1 = 86.0400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
By Dharamraj Dhutia
MUMBAI, June 16 (Reuters) - Three Indian state-run companies are likely to delay raising funds through deep-discount zero-coupon bonds as investor appetite has weakened, three merchant bankers said.
State-run Indian Railway Finance Corp INID.NS, Housing and Urban Development Corp HUDC.NS and REC RECM.NS were set to test the market but have been advised by their bankers to hold off, they said.
"We have advised companies to wait for at least two to three months, because under the current scenario, there is no appetite for these bonds," one of the bankers said.
The bankers requested anonymity as they are not authorised to speak to media. None of the companies replied to Reuters' emails seeking comment.
Deep-discount bonds are typically issued at a discount of over 20%-25% to their face value and do not pay interest.
Last Monday, Power Finance Corp was forced to withdraw its planned deep-discount bond issue for the second time in under six weeks due to weak demand.
"The recent pickup in yields and escalating geopolitical situation in the Middle East will further sway investors away from these instruments for the time being," said Umesh Khandelwal, chief business officer at bond arranger Tipsons Group.
Refinitiv benchmark AAA-rated 10-year corporate bond yield has risen nearly 20 basis points since the central bank changed its policy stance to "neutral" from "accommodative" on June 6.
Market participants have highlighted concerns of excess supply as the Indian government has approved issuance of such bonds worth 495 billion rupees ($5.6 billion) and more state-run companies are expected to get the go-ahead. The firms have to raise these funds by March 2027.
A lack of liquidity in the secondary market and losses faced by investors of an issuance by REC are also acting as deterrents, traders said.
In September 2024, REC raised 50 billion rupees through deep-discount bonds at a yield of 6.25%.
Companies that have received approval to issue deep-discount bonds:
Company | Approval in billion rupees |
PFC | 100 |
HUDCO | 50 |
IRFC | 100 |
REC | 50 |
NABARD | 195 |
($1 = 86.0400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
IRFC March-Quarter Net Profit 16.82 Bln Rupees
April 28 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
MARCH-QUARTER NET PROFIT 16.82 BILLION RUPEES
MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 67.23 BILLION RUPEES
APPROVED RAISING OF RESOURCES FOR FY 2025-26 UP TO 600 BLN RUPEES
Source text: [ID:]
Further company coverage: INID.NS
April 28 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
MARCH-QUARTER NET PROFIT 16.82 BILLION RUPEES
MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 67.23 BILLION RUPEES
APPROVED RAISING OF RESOURCES FOR FY 2025-26 UP TO 600 BLN RUPEES
Source text: [ID:]
Further company coverage: INID.NS
India New Issue-IRFC accepts bids for 5-year bonds, bankers say
MUMBAI, April 24 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 30 billion rupees ($351.24 million) for bonds maturing in five years, three bankers said on Thursday.
The company will pay an annual coupon of 6.78% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on April 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 5 years | 6.78 | 30 | April 24 | AAA (Crisil, Icra, Care) |
L&T Metro Rail (Hyderabad) | 10 years | To be decided | 28.72 | April 25 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | To be decided | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.4120 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, April 24 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 30 billion rupees ($351.24 million) for bonds maturing in five years, three bankers said on Thursday.
The company will pay an annual coupon of 6.78% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on April 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 5 years | 6.78 | 30 | April 24 | AAA (Crisil, Icra, Care) |
L&T Metro Rail (Hyderabad) | 10 years | To be decided | 28.72 | April 25 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | To be decided | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.4120 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
India New Issue-IRFC to issue 5-year bonds, bankers say
MUMBAI, April 23 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($351.96 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in five years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors on Thursday, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on April 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 5 years | To be decided | 5+25 | April 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.2380 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, April 23 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($351.96 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in five years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors on Thursday, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on April 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 5 years | To be decided | 5+25 | April 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.2380 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
Indian state-run firms seek government nod to issue deep-discount, long-tenor debt
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
Indian Railway Finance Corp To Consider Market Borrowing Programme For FY25-26
April 21 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIAN RAILWAY FINANCE CORP LTD - BOARD TO CONSIDER MARKET BORROWING PROGRAMME FOR FY 2025-26
Further company coverage: INID.NS
April 21 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIAN RAILWAY FINANCE CORP LTD - BOARD TO CONSIDER MARKET BORROWING PROGRAMME FOR FY 2025-26
Further company coverage: INID.NS
Indian Railway Finance Corp Says Madras High Court Sets Aside GST Demand Order Of 2.31 Bln Rupees
April 16 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
MADRAS HIGH COURT SETS ASIDE GST DEMAND ORDER OF 2.31 BILLION RUPEES
Source text: ID:nBSE8gXY1P
Further company coverage: INID.NS
April 16 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
MADRAS HIGH COURT SETS ASIDE GST DEMAND ORDER OF 2.31 BILLION RUPEES
Source text: ID:nBSE8gXY1P
Further company coverage: INID.NS
India New Issue-IRFC accepts bids for 10-year bonds, bankers say
MUMBAI, March 26 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS has accepted bids worth 30 billion rupees ($349.7 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in 10 years and one month, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on March 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.17 | 30 | March 26 | AAA (Crisil, Icra, Care) |
HDB Financial | 2 years | To be decided | 2+2 | March 27 | AAA (Crisil, Care) |
HDB Financial | 2 years and 8 months | To be decided | 1+4 | March 27 | AAA (Crisil, Care) |
NaBFID | 10 years | To be decided | 10+20 | March 27 | AAA (Crisil, Icra) |
IndiGrid Infra Trust | 3-year and 6 months | To be decided | 5 | March 26 | AAA (Icra, Crisil) |
IndiGrid Infra Trust | 22 years | To be decided | 0.7 | March 26 | AAA (Icra, Crisil) |
IndiGrid Infra Trust | 22 years | To be decided | 6.3 | March 26 | AAA (Icra, Crisil) |
Cholamandalam Investment | 2 years | 8.19 | 11.75 | March 25 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.7910 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, March 26 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS has accepted bids worth 30 billion rupees ($349.7 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in 10 years and one month, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on March 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.17 | 30 | March 26 | AAA (Crisil, Icra, Care) |
HDB Financial | 2 years | To be decided | 2+2 | March 27 | AAA (Crisil, Care) |
HDB Financial | 2 years and 8 months | To be decided | 1+4 | March 27 | AAA (Crisil, Care) |
NaBFID | 10 years | To be decided | 10+20 | March 27 | AAA (Crisil, Icra) |
IndiGrid Infra Trust | 3-year and 6 months | To be decided | 5 | March 26 | AAA (Icra, Crisil) |
IndiGrid Infra Trust | 22 years | To be decided | 0.7 | March 26 | AAA (Icra, Crisil) |
IndiGrid Infra Trust | 22 years | To be decided | 6.3 | March 26 | AAA (Icra, Crisil) |
Cholamandalam Investment | 2 years | 8.19 | 11.75 | March 25 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.7910 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-IRFC to issue over 10-year bonds, bankers say
MUMBAI, March 25 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS plans to raise 30 billion rupees ($350.6 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in 10 years and one month, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
IRFC did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on March 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 year and 1 month | To be decided | 5+25 | March 26 | AAA (Crisil, Icra, Care) |
Cholamandalam Investment | 2 years | To be decided | 10+2 | March 25 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 85.5800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, March 25 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS plans to raise 30 billion rupees ($350.6 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in 10 years and one month, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
IRFC did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on March 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 year and 1 month | To be decided | 5+25 | March 26 | AAA (Crisil, Icra, Care) |
Cholamandalam Investment | 2 years | To be decided | 10+2 | March 25 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 85.5800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
IRFC Dividend 0.80 Rupees Per Share
March 17 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - DIVIDEND 0.80 RUPEES PER SHARE
Source text: ID:nnAZN3K8HV3
Further company coverage: INID.NS
March 17 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC - DIVIDEND 0.80 RUPEES PER SHARE
Source text: ID:nnAZN3K8HV3
Further company coverage: INID.NS
India New Issue-IRFC accepts bids for 15-year bonds, bankers say
MUMBAI, Feb 12 (Reuters) - Indian Railway Finance Corp (IRFC) has accepted bids worth 30 billion rupees ($345.28 million) for bonds maturing in 15 years, three bankers said on Wednesday.
The company will pay an annual coupon of 7.28% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8850 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 12 (Reuters) - Indian Railway Finance Corp (IRFC) has accepted bids worth 30 billion rupees ($345.28 million) for bonds maturing in 15 years, three bankers said on Wednesday.
The company will pay an annual coupon of 7.28% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
IRFC did not reply to a Reuters request for comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8850 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-IRFC to issue 15-year bonds, bankers say
MUMBAI, Feb 10 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($343.17 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in 15 years, three bankers said on Monday.
The state-run company has invited coupon and commitment bids from bankers and investors on Wednesday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on February 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | To be decided | 5+25 | Feb. 12 | AAA (Crisil, Icra, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | To be decided | 20+30 | Feb. 12 | AAA (Crisil, Icra) |
Aditya Birla Housing Finance | 2 year and 4 months | 7.8989 | 5 | Feb. 10 | AAA (Icra, Crisil) |
Aditya Birla Housing Finance | 3 year and 4 months | 7.8639 | 5 | Feb. 10 | AAA (Icra, Crisil) |
SIDBI | 4 years and 1 month | 7.42 | 60 | Feb. 10 | AAA (Crisil, Care) |
HUDCO | 10 years | 7.29 | 29.10 | Feb. 10 | AAA (India Ratings, Care) |
Cube Highways Trust | 17 years and 11 months | 7.67 (quarterly) | 8.60 | Feb. 10 | AAA (Crisil) |
Aditya Birla Finance | Perpetual | To be decided | 2+3 | Feb. 11 | AA+ (Icra)(Crisil) |
Credila Financial Services | 10 years | 9.00% | 5.50 | Feb. 7 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.4200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 10 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($343.17 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in 15 years, three bankers said on Monday.
The state-run company has invited coupon and commitment bids from bankers and investors on Wednesday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on February 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | To be decided | 5+25 | Feb. 12 | AAA (Crisil, Icra, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | To be decided | 20+30 | Feb. 12 | AAA (Crisil, Icra) |
Aditya Birla Housing Finance | 2 year and 4 months | 7.8989 | 5 | Feb. 10 | AAA (Icra, Crisil) |
Aditya Birla Housing Finance | 3 year and 4 months | 7.8639 | 5 | Feb. 10 | AAA (Icra, Crisil) |
SIDBI | 4 years and 1 month | 7.42 | 60 | Feb. 10 | AAA (Crisil, Care) |
HUDCO | 10 years | 7.29 | 29.10 | Feb. 10 | AAA (India Ratings, Care) |
Cube Highways Trust | 17 years and 11 months | 7.67 (quarterly) | 8.60 | Feb. 10 | AAA (Crisil) |
Aditya Birla Finance | Perpetual | To be decided | 2+3 | Feb. 11 | AA+ (Icra)(Crisil) |
Credila Financial Services | 10 years | 9.00% | 5.50 | Feb. 7 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.4200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
IRFC Dec-Quarter Profit 16.31 Bln Rupees
Jan 20 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC DEC-QUARTER PROFIT 16.31 BILLION RUPEES
IRFC DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 67.63 BILLION RUPEES
Source text: ID:nBSE9qKKJC
Further company coverage: INID.NS
Jan 20 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
IRFC DEC-QUARTER PROFIT 16.31 BILLION RUPEES
IRFC DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 67.63 BILLION RUPEES
Source text: ID:nBSE9qKKJC
Further company coverage: INID.NS
India New Issue-IRFC accepts bids for 10-year bonds, bankers say
MUMBAI, Jan 15 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 27.80 billion rupees ($321.54 million) for bonds maturing in 10 years, three bankers said on Wednesday.
The state-run company will pay an annual coupon of 7.25% and had invited coupon and commitment bids from bankers and investors earlier in the day, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Jan. 15
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.25 | 27.80 | Jan. 15 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.4580 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Jan 15 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 27.80 billion rupees ($321.54 million) for bonds maturing in 10 years, three bankers said on Wednesday.
The state-run company will pay an annual coupon of 7.25% and had invited coupon and commitment bids from bankers and investors earlier in the day, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Jan. 15
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.25 | 27.80 | Jan. 15 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.4580 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Indian Railway Finance Corp Emerges As L1 Bidder For 31.67 Bln Rupees Financing
Jan 14 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
EMERGES AS L1 BIDDER FOR 31.67 BILLION RUPEES FINANCING
PROJECT UNDERTAKEN BY NTPC AND JHARKHAND BIJLI VITRAN NIGAM JV
Source text: ID:nNSE48VMGR
Further company coverage: INID.NS
Jan 14 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
EMERGES AS L1 BIDDER FOR 31.67 BILLION RUPEES FINANCING
PROJECT UNDERTAKEN BY NTPC AND JHARKHAND BIJLI VITRAN NIGAM JV
Source text: ID:nNSE48VMGR
Further company coverage: INID.NS
India New Issue-IRFC accepts bids for 10-year bonds, bankers say
MUMBAI, Dec 24 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 28.40 billion rupees ($333.36 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The state-run company will pay an annual coupon of 7.15% and invited coupon and commitment bids from bankers and investors earlier in the day, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.15 | 28.40 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.1930 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Dec 24 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 28.40 billion rupees ($333.36 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The state-run company will pay an annual coupon of 7.15% and invited coupon and commitment bids from bankers and investors earlier in the day, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.15 | 28.40 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.1930 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
India New Issue-IRFC to issue 10-year bonds, bankers say
MUMBAI, Dec 23 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($353.01 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in 10 years, three bankers said on Monday.
The state-run company has invited coupon and commitment bids from bankers and investors on Tuesday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | To be decided | 5+25 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 84.9830 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Dec 23 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) plans to raise 30 billion rupees ($353.01 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in 10 years, three bankers said on Monday.
The state-run company has invited coupon and commitment bids from bankers and investors on Tuesday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | To be decided | 5+25 | Dec. 24 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 84.9830 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-IRFC accepts bids for 10-year bonds, bankers say
MUMBAI, Dec 13 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 23.45 billion rupees ($276.33 million) for bonds maturing in 10 years, three bankers said on Friday.
The state-run company will pay an annual coupon of 7.09% on the issue and invited coupon and commitment bids from bankers and investors on Thursday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.09 | 23.45 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan)
MUMBAI, Dec 13 (Reuters) - Indian Railway Finance Corp INID.NS (IRFC) has accepted bids worth 23.45 billion rupees ($276.33 million) for bonds maturing in 10 years, three bankers said on Friday.
The state-run company will pay an annual coupon of 7.09% on the issue and invited coupon and commitment bids from bankers and investors on Thursday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | 7.09 | 23.45 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan)
India New Issue-IRFC to issue 10-year bonds, bankers say
MUMBAI, Dec 11 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS plans to raise 30 billion rupees ($353.45 million), including a greenshoe option of 25 billion rupees, by selling bonds maturing in 10 years, three bankers said on Wednesday.
The state-run company has invited coupon and commitment bids from bankers and investors for the issue on Thursday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan
)
MUMBAI, Dec 11 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS plans to raise 30 billion rupees ($353.45 million), including a greenshoe option of 25 billion rupees, by selling bonds maturing in 10 years, three bankers said on Wednesday.
The state-run company has invited coupon and commitment bids from bankers and investors for the issue on Thursday, the bankers said.
The company did not immediately reply to a Reuters request seeking comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan
)
India New Issue-IRFC accepts bids for 15-year bonds, bankers say
MUMBAI, Nov 11 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS has accepted bids worth 14.15 billion rupees ($167.7 million) for bonds maturing in 15 years, three bankers said on Monday.
The state-run company will pay an annual coupon of 7.15% on this issue and had invited bids from bankers and investors for the issue earlier in the day, the bankers said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | 7.15 | 14.15 | Nov. 11 | AAA (Crisil, Icra) |
Cholamandalam Investment | 10 years | 8.50 | 11 | Nov. 8 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.3775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Nov 11 (Reuters) - Indian Railway Finance Corp (IRFC) INID.NS has accepted bids worth 14.15 billion rupees ($167.7 million) for bonds maturing in 15 years, three bankers said on Monday.
The state-run company will pay an annual coupon of 7.15% on this issue and had invited bids from bankers and investors for the issue earlier in the day, the bankers said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | 7.15 | 14.15 | Nov. 11 | AAA (Crisil, Icra) |
Cholamandalam Investment | 10 years | 8.50 | 11 | Nov. 8 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.3775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-IRFC to issue 15-year bonds, bankers say
MUMBAI, Nov 8 (Reuters) - Indian Railway Finance Corp INID.NS plans to raise 30 billion rupees ($355.80 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in 15 years, three bankers said on Wednesday.
The state-run company has invited bids from bankers and investors for the issue on Monday, the bankers said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 8
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | To be decided | 5+25 | Nov. 11 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.3180 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, Nov 8 (Reuters) - Indian Railway Finance Corp INID.NS plans to raise 30 billion rupees ($355.80 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in 15 years, three bankers said on Wednesday.
The state-run company has invited bids from bankers and investors for the issue on Monday, the bankers said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 8
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IRFC | 15 years | To be decided | 5+25 | Nov. 11 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.3180 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
Indian Railway Finance Corp Sept-Qtr Profit 16.13 Bln Rupees
Nov 4 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIAN RAILWAY FINANCE CORP SEPT-QUARTER PROFIT 16.13 BILLION RUPEES
INDIAN RAILWAY FINANCE CORP SEPT-QUARTER TOTAL INCOME 69 BILLION RUPEES
Source text: ID:nBSEbZx2kM
Further company coverage: INID.NS
Nov 4 (Reuters) - Indian Railway Finance Corp Ltd INID.NS:
INDIAN RAILWAY FINANCE CORP SEPT-QUARTER PROFIT 16.13 BILLION RUPEES
INDIAN RAILWAY FINANCE CORP SEPT-QUARTER TOTAL INCOME 69 BILLION RUPEES
Source text: ID:nBSEbZx2kM
Further company coverage: INID.NS
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What does Indian Railway Fin. do?
Indian Railway Finance Corporation's (IRFC) core business operations encompass the leasing of rolling stock and railway infrastructure assets, in addition to lending to entities having forward and backward linkages. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement (collectively, “Rolling Stock Assets), leasing of railway infrastructure assets and national projects of the Government of India (collectively, Project Assets) and lending to other entities under the Ministry of Railways, Government of India.
Who are the competitors of Indian Railway Fin.?
Indian Railway Fin. major competitors are Chola Invest & Fin., Muthoot Finance, Power Finance Corp, JIO Financial Serv., REC, Shriram Finance, SBI Cards AndPayment. Market Cap of Indian Railway Fin. is ₹1,19,969 Crs. While the median market cap of its peers are ₹1,27,595 Crs.
Is Indian Railway Fin. financially stable compared to its competitors?
Indian Railway Fin. seems to be less financially stable compared to its competitors. Altman Z score of Indian Railway Fin. is 0.52 and is ranked 7 out of its 8 competitors.
Does Indian Railway Fin. pay decent dividends?
The company seems to pay a good stable dividend. Indian Railway Fin. latest dividend payout ratio is 32.16% and 3yr average dividend payout ratio is 31.51%
How has Indian Railway Fin. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Indian Railway Fin. balance sheet?
Indian Railway Fin. balance sheet is weak and might have solvency issues
Is the profitablity of Indian Railway Fin. improving?
Yes, profit is increasing. The profit of Indian Railway Fin. is ₹7,007 Crs for TTM, ₹6,502 Crs for Mar 2025 and ₹6,413 Crs for Mar 2024.
Is the debt of Indian Railway Fin. increasing or decreasing?
The net debt of Indian Railway Fin. is decreasing. Latest net debt of Indian Railway Fin. is -₹683.34 Crs as of Dec-25. This is less than Mar-25 when it was ₹3,99,843 Crs.
Is Indian Railway Fin. stock expensive?
Indian Railway Fin. is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Indian Railway Fin. is 17.12, while 3 year average PE is 17.65. Also latest EV/EBITDA of Indian Railway Fin. is 4.51 while 3yr average is 4.3.
Has the share price of Indian Railway Fin. grown faster than its competition?
Indian Railway Fin. has given lower returns compared to its competitors. Indian Railway Fin. has grown at ~-17.91% over the last 2yrs while peers have grown at a median rate of 0.73%
Is the promoter bullish about Indian Railway Fin.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Indian Railway Fin. is 86.36% and last quarter promoter holding is 86.36%.
Are mutual funds buying/selling Indian Railway Fin.?
The mutual fund holding of Indian Railway Fin. is increasing. The current mutual fund holding in Indian Railway Fin. is 0.36% while previous quarter holding is 0.31%.