IFCI Limited (formerly known as Industrial Finance Corporation of India) is a leading financial institution in India, primarily engaged in providing long-term financial assistance to industries and infrastructure projects. It offers a range of financial products and services, including project financing, corporate loans, structured finance, and financial advisory services. IFCI plays a key role in supporting industrial development and economic growth in India. As of December, 10, 2024, the IFCI share price on the NSE is ₹64.78. Below are the projected IFCI share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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IFCI Limited Company Overview
Established in 1948 and headquartered in New Delhi, IFCI was the first development finance institution set up by the Government of India to cater to the industrial sector. Over the years, it has diversified its offerings to include venture capital, infrastructure funding, and financial services for MSMEs (Micro, Small, and Medium Enterprises). As a public sector undertaking, IFCI is committed to fostering industrial progress, creating jobs, and contributing to the nation’s infrastructure development while ensuring sustainable growth.
| Company type | Public |
| Traded as | BSE: 500106 NSE: IFCI |
| ISIN | INE039A09NW0 |
| Industry | Finance |
| Founded | 1 July 1948, 76 Year ago |
| Headquarters | New Delhi |
| Key people | Shri Prasoon (Executive Directors) Shri Sachikanta Mishra (Executive Directors) Shri B. V. S. Atchuta Rao (CVO) Shri Suneet Shukla (Chief Financial Officer) Ms. Pooja S Mahajan ( Secretary to the Board, Additional charge as CEO & Trustee of IFCI Social Foundation) Shri Atul Saxena (On deputation to SHCIL as Managing Director) |
| Area served | India |
| Revenue | ₹2,115 crore (2024) |
| Net Profit | ₹241 crore (2024) |
| Total assets | ₹20,528 crore (2024) |
| Total equity | ₹7,679 crore (2024) |
| Owner | Government of India (74.67%) |
| Subsidiaries | IFCI Factors Limited IFCI Financial Services Ltd IFCI Infrastructure Development Ltd (IIDL) IFCI Venture Capital Fund Ltd MPCON Ltd Stock Holding Corporation of India Ltd IFIN Securities Ltd IFCI Sycamore Capital Advisors Pvt Ltd |
| Number of employees | 136 (2024) |
| Website | https://www.ifciltd.com/ |
IFCI Share Price Target 2025 to 2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹91 | ₹29 | ₹75 |
| 2025 | ₹125 | ₹56 | ₹96 |
| 2026 | ₹142 | ₹77 | ₹125 |
| 2027 | ₹162 | ₹105 | ₹147 |
| 2028 | ₹184 | ₹115 | ₹151 |
| 2029 | ₹221 | ₹135 | ₹186 |
| 2030 | ₹261 | ₹172 | ₹224 |
| 2035 | ₹765 | ₹190 | ₹582 |
| 2040 | ₹1078 | ₹505 | ₹715 |
Technical Analysis for IFCI Ltd.
IFCI Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹115 | ₹125 |
By 2025, IFCI’s share price is anticipated to reach ₹115 as the first target and ₹125 as the second target. This growth reflects the company’s efforts in strengthening its financial position and increasing its focus on industrial financing, supported by government-backed initiatives.
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IFCI Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹128 | ₹142 |
In 2026, IFCI’s share price is projected to achieve ₹128 as the first target and ₹142 as the second target. As the company continues to enhance its credit and investment strategies, improved operational efficiency and favorable market conditions are expected to support this upward trend.
IFCI Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹135 | ₹162 |
By 2027, IFCI’s share price is expected to reach ₹135 as the first target and ₹162 as the second target. This growth may result from the company’s expanding portfolio in infrastructure financing and its alignment with national development projects, enhancing its market presence and profitability.
IFCI Share Price Target Forecast 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹143 | ₹184 |
In 2028, IFCI’s share price is forecasted to touch ₹143 as the first target and ₹184 as the second target. The company’s strategic partnerships and focus on diversifying its financing capabilities could drive substantial growth, making it more attractive to investors.
IFCI Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹195 | ₹221 |
For 2029, IFCI’s share price is projected to rise to ₹195 as the first target and ₹221 as the second target. This reflects the impact of the company’s consistent efforts in expanding its footprint in industrial and infrastructure financing, alongside its improved risk management practices.
IFCI Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹230 | ₹261 |
By 2030, IFCI’s share price is expected to achieve ₹230 as the first target and ₹261 as the second target. With continued emphasis on innovation in financial services and increasing contributions to national economic growth, the company is likely to strengthen its market position further.
IFCI Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹685 | ₹765 |
By 2035, IFCI’s share price is estimated to reach ₹685 as the first target and ₹765 as the second target. Over the years, the company’s focus on fostering large-scale industrial and infrastructure projects is expected to solidify its position as a key financial institution in the country.
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IFCI Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹965 | ₹1078 |
In 2040, IFCI’s share price is projected to soar to ₹965 as the first target and ₹1,078 as the second target. The company’s long-term vision, combined with India’s steady economic growth and demand for industrial financing, could lead to this significant valuation. Strong investor confidence and evolving market dynamics are likely to further support this remarkable trajectory.
IFCI Ltd Fundamentals
| Parameter | Value |
| Market Cap | ₹16,680 Cr |
| P/E Ratio (TTM) | 132.96 |
| P/B Ratio | 2.85 |
| Industry P/E | 18.31 |
| Debt to Equity | 0.86 |
| ROE | 2.14% |
| EPS (TTM) | 0.48 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹91 |
| 52 Week Low | ₹29 |
| Book Value | 22.43 |
| Face Value | 10 |
IFCI Ltd Financial Results
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 2,082 | 1,556 | 1,699 | 1,988 | 2,065 |
| Expenses | 2,961 | 2,108 | 986 | 715 | 1,061 |
| Operating Profit | -879 | -553 | 714 | 1,273 | 1,003 |
| OPM % | -42% | -36% | 42% | 64% | 49% |
| Other Income | 14 | 39 | 28 | 130 | 305 |
| Interest | 1,147 | 943 | 642 | 571 | 551 |
| Depreciation | 72 | 66 | 74 | 81 | 84 |
| Profit before tax | -2,085 | -1,523 | 26 | 751 | 673 |
| Tax % | -8% | 16% | 559% | 68% | |
| Net Profit | -1,912 | -1,761 | -120 | 241 | 294 |
| EPS in Rs | -10.24 | -8.71 | -0.95 | 0.47 | 0.6 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
IFCI Ltd Balance Sheet
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 1,896 | 2,103 | 2,196 | 2,490 | 2,614 |
| Reserves | 1,842 | 715 | 1,571 | 2,045 | 3,248 |
| Borrowings | 11,041 | 7,095 | 6,020 | 5,367 | 5,064 |
| Other Liabilities | 5,585 | 5,574 | 7,152 | 9,016 | 9,603 |
| Total Liabilities | 20,364 | 15,487 | 16,939 | 18,918 | 20,528 |
| Fixed Assets | 1,762 | 1,741 | 1,764 | 1,734 | 1,726 |
| CWIP | 9 | 16 | 11 | 13 | 1 |
| Investments | 5,504 | 6,541 | 7,700 | 8,678 | 11,022 |
| Other Assets | 13,089 | 7,190 | 7,464 | 8,493 | 7,779 |
| Total Assets | 20,364 | 15,487 | 16,939 | 18,918 | 20,528 |
IFCI Ltd Shareholding Pattern
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters | 70.32% | 70.32% | 70.32% | 71.72% | 71.72% |
| FIIs | 1.87% | 2.08% | 2.29% | 2.40% | 2.54% |
| DIIs | 2.01% | 2.02% | 2.03% | 1.93% | 1.67% |
| Public | 21.76% | 21.57% | 21.37% | 20.61% | 21.03% |
| No. of Shareholders | 5,41,937 | 5,85,670 | 8,26,079 | 8,76,318 | 9,79,172 |
IFCI Ltd Dividend History
| Ex-Date | Dividend Amount | Dividend Type | Record Date |
| 17-02-2016 | 1 | INTERIM | 20-02-2016 |
| 11-09-2015 | 0.5 | FINAL | 14-09-2015 |
| 02-03-2015 | 1 | INTERIM | 03-03-2015 |
| 13-08-2014 | 1 | FINAL | 15-08-2014 |
| 31-10-2013 | 1 | FINAL | 02-11-2013 |
| 05-07-2012 | 1 | FINAL | 09-07-2012 |
| 30-08-2011 | 1 | FINAL | 02-09-2011 |
| 06-09-2010 | 1 | FINAL | 09-09-2010 |
| 03-09-2009 | 0.8 | FINAL | 07-09-2009 |
| 12-09-2002 | 0 | FINAL | 16-09-2002 |
IFCI Ltd Peers comparison
| Sector: Finance | Industry: Finance – Term-Lending Institutions | ||||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
| IRFC | 30 | 1,95,165 | 1,612 | 6,899 | 5.73 |
| Power Fin.Corpn. | 7.71 | 1,63,454 | 7,214 | 25,721 | 9.85 |
| REC Ltd | 9.42 | 1,40,245 | 4,037 | 13,682 | 10.05 |
| Indian Renewable | 38.18 | 55,142 | 387 | 1,629 | 9.3 |
| IFCI | 115.18 | 16,693 | 184 | 617 | 10.24 |
| Tour. Fin. Corp. | 16.83 | 1,665 | 25 | 64 | 10.49 |
| Guj. State Fin. | 197 | -31 | 0.34 | ||
FAQs
Q.1. What is the share price target for IFCI in 2025?
Ans: The share price targets for IFCI in 2025 are ₹115 for the first target and ₹125 for the second target. These values represent a steady growth outlook based on current market trends and the company’s financial position.
Q.2. What is the share price target for IFCI in 2026?
Ans: In 2026, IFCI’s share price targets are expected to reach ₹128 for the first target and ₹142 for the second target. This indicates continued growth driven by the company’s efforts to strengthen its financial and operational efficiency.
Q.3. What is the share price target for IFCI in 2027?
Ans: For 2027, the share price targets are ₹135 for the first target and ₹162 for the second target. These projections reflect optimism around the company’s strategic initiatives and market expansion.
Q.4. What is the share price target for IFCI in 2028?
Ans: By 2028, the share price targets for IFCI are projected at ₹143 for the first target and ₹184 for the second target. This growth trajectory suggests potential improvements in profitability and market confidence.
Q.5. What is the forecast for IFCI’s share price in 2029?
Ans: In 2029, IFCI’s share price targets are estimated at ₹195 for the first target and ₹221 for the second target. These targets are influenced by expectations of robust financial performance and business growth.
Q.6. What is the share price target for IFCI in 2030?
Ans: The share price targets for IFCI in 2030 are ₹230 for the first target and ₹261 for the second target. These long-term projections reflect the company’s potential to sustain its growth momentum.
Q.7. What is the share price target for IFCI in 2035?
Ans: For 2035, the share price targets are ₹685 for the first target and ₹765 for the second target. These figures demonstrate the company’s capacity to scale its operations and capitalize on future opportunities.
Q.8. What is the share price target for IFCI in 2040?
Ans: In 2040, IFCI’s share price targets are ₹965 for the first target and ₹1078 for the second target. These targets highlight a positive long-term outlook, supported by anticipated market and business advancements.
Q.9. Is IFCI a Good Buy?
Ans: IFCI’s potential as an investment depends on its financial health, NPA trends, and market conditions. As a government-backed financial institution, it plays a key role in infrastructure financing but has faced challenges like competition and asset quality. Conduct thorough research and consult a financial advisor before investing.
Q.10. Full Form of IFCI
Ans: IFCI stands for Industrial Finance Corporation of India.
Q.11. What are IFCI’s NSE and BSE codes?
Ans: IFCI is listed on NSE with the code IFCI and on BSE with the code 500106, allowing investors to track its stock performance easily.
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