Indian Railway Finance Corporation (IRFC) is a company that helps Indian Railways get money for new trains and tracks. It was started in 1986 and works under the Indian government. IRFC collects money to help Indian Railways buy things like engines, wagons, and passenger coaches. It also helps improve railway stations and tracks.
The IRFC share price on the NSE as of January 30, 2025, is 146.75 INR. Below are the details of the IRFC share price target for the years 2024, 2025, 2026 2027, 2028, 2029, 2030, 2035 to 2040.
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Indian Railway Finance Corporation Company Overview
IRFC helps Indian Railways grow by giving it the money it needs at low costs. It collects money in different ways, like selling bonds and taking loans. IRFC has a good financial reputation, which means people trust it. Since it is listed on the NSE and BSE, it follows strict rules and keeps everything open and honest.
Company type | Public |
Traded as | NSE: IRFC BSE: 543257 |
ISIN | INE053F01010 |
Industry | Financial services |
Founded | 12 December 1986 |
Headquarters | New Delhi, India |
Key people | Manoj Kumar Dubey (Chairman & MD) |
Services | LeasingLendingBorrowing |
Revenue | ₹26,644 crore (US$3.2 billion) (2023-24) |
Operating income | ₹26,519 crore (US$3.2 billion) (2023-24) |
Net income | ₹6,412 crore (US$770 million) (2023-24) |
Total assets | ₹464,641 crore (US$56 billion) (2023-24) |
Total equity | ₹49,178 crore (US$5.9 billion) (2023-24) |
Owner | Government of India |
Number of employees | 42 |
Website | irfc.co.in |
One Year IRFC Share Price Growth Chart

IRFC Share Price Target For 2025
In 2025, the IRFC share price might reach ₹290 first and then ₹335. This means the company could grow well. Since IRFC is strong in India’s railway sector and manages money well, its shares might become more valuable. Investors might see this as a good opportunity.
Year | 1st Target | 2nd Target |
2025 | ₹290 | ₹335 |
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IRFC Share Price Target For 2026
By 2026, IRFC’s share price might go up to ₹390 first and then ₹425 later. This growth is expected because more money might be spent on building roads, railways, and other transportation. This shows that the company could keep growing in the future.
Year | 1st Target | 2nd Target |
2026 | ₹390 | ₹425 |
IRFC Share Price Target For 2027
By 2027, the IRFC share price might go up to ₹485 first and then ₹540 later. This means people believe the company will do well and help build more big projects in India. If IRFC keeps growing, its stock price could increase even more.
Year | 1st Target | 2nd Target |
2027 | ₹485 | ₹540 |
IRFC Share Price Target For 2028
In 2028, IRFC’s share price is expected to reach ₹595 as its first goal and ₹631 as its second goal. This shows a lot of room for growth because the company will keep growing as India’s railway system gets bigger and stronger.
Year | 1st Target | 2nd Target |
2028 | ₹595 | ₹631 |
IRFC Share Price Target For 2029
By 2029, it is predicted that IRFC’s share price will rise to ₹685 as the first goal, and ₹745 as the second goal. This is because the company is growing and more people need money for building things like roads and buildings. Investors believe that IRFC will keep growing in the future.
Year | 1st Target | 2nd Target |
2029 | ₹685 | ₹745 |
IRFC Share Price Target For 2030
By 2030, IRFC’s share price is expected to reach ₹795 first, and then ₹835. The company’s strong position in India’s infrastructure and railway sector could help its share price go up even more, making it a good choice for long-term investment.
Year | 1st Target | 2nd Target |
2030 | ₹795 | ₹835 |
IRFC Share Price Target For 2035
By 2035, IRFC’s share price might go up to ₹1245 as the first goal and ₹1340 as the second goal. This growth looks positive because the company helps fund big projects, benefits from ongoing infrastructure development, and is becoming more profitable.
Year | 1st Target | 2nd Target |
2035 | ₹1245 | ₹1340 |
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IRFC Share Price Target For 2040
By 2040, IRFC’s share price is expected to reach ₹1580 as the first goal and ₹1845 as the second goal. These targets show that the company has a big chance to grow because of its strong performance in finance and the growing railway and infrastructure development in India.
Year | 1st Target | 2nd Target |
2040 | ₹1580 | ₹1845 |
IRFC Share Price Forecast 2025 to 2040
Year | Year High Target (₹) | Year Low Target (₹) |
2025 | 330 | 145 |
2026 | 431 | 218 |
2027 | 532 | 341 |
2028 | 633 | 430 |
2029 | 734 | 560 |
2030 | 835 | 640 |
2035 | 1340 | 775 |
2040 | 1845 | 1080 |
IRFC Peer comparison
Sector: Finance | Industry: Finance – Term-Lending Institutions | ||||
Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
IRFC | 28.05 | 182514.75 | 1612.65 | 6899.66 | 5.73 |
Power Fin.Corpn. | 7.08 | 150055.63 | 7214.9 | 25721.79 | 9.85 |
REC Ltd | 8.89 | 132280.01 | 4037.72 | 13682.43 | 10.05 |
Indian Renewable | 35.33 | 51029.9 | 387.75 | 1629.55 | 9.3 |
IFCI | 104.2 | 15101.33 | 184.89 | 617.14 | 10.24 |
Tour. Fin. Corp. | 13.64 | 1349.49 | 25.58 | 64.58 | 10.49 |
Guj. State Fin. | 204.69 | -31.45 | 0.34 |
IRFC Limited Fundamentals
Parameter | Value |
Market Cap | ₹1,85,181 Cr |
P/E Ratio (TTM) | 28.34 |
P/B Ratio | 3.56 |
Industry P/E | 23.74 |
Debt to Equity | 7.81 |
ROE | 12.56% |
EPS (TTM) | 5.00 |
Dividend Yield | 1.06% |
52 Week High | ₹229 |
52 Week Low | ₹116 |
Book Value | 39.82 |
Face Value | 10 |
IRFC Limited Financial Results
Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales | 20,299 | 23,722 | 26,645 | 26,875 |
Expenses | 123 | 134 | 133 | 140 |
Operating Profit | 20,177 | 23,588 | 26,513 | 26,735 |
OPM % | 99% | 99% | 100% | 99% |
Other Income | 2 | 41 | 10 | 9 |
Interest | 14,075 | 17,447 | 20,101 | 20,233 |
Depreciation | 14 | 14 | 9 | 6 |
Profit before tax | 6,090 | 6,167 | 6,412 | 6,506 |
Tax % | 0% | 0% | 0% | |
Net Profit | 6,090 | 6,167 | 6,412 | 6,506 |
EPS in Rs | 4.66 | 4.72 | 4.91 | 4.97 |
Dividend Payout % | 30% | 32% | 31% |
IRFC Limited Balance Sheet
Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
Equity Capital | 13,069 | 13,069 | 13,069 | 13,069 |
Reserves | 27,928 | 31,612 | 36,110 | 38,396 |
Borrowings | 388,440 | 418,935 | 412,039 | 403,111 |
Other Liabilities | 20,544 | 26,744 | 23,865 | 39,773 |
Total Liabilities | 449,980 | 490,359 | 485,082 | 494,348 |
Fixed Assets | 38 | 19 | 22 | 23 |
CWIP | 0 | 0 | 4 | 0 |
Investments | 10 | 14 | 54 | 56 |
Other Assets | 449,932 | 490,326 | 485,003 | 494,269 |
Total Assets | 449,980 | 490,359 | 485,082 | 494,348 |
IRFC Limited Shareholding Pattern
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
Promoters | 86.36% | 86.36% | 86.36% | 86.36% |
FIIs | 1.15% | 1.08% | 1.11% | 1.09% |
DIIs | 1.15% | 0.89% | 1.08% | 1.08% |
Public | 11.34% | 11.68% | 11.45% | 11.48% |
No. of Shareholders | 32,51,993 | 45,26,341 | 51,08,893 | 55,00,054 |
IRFC Ltd Dividend History
Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
22 Oct, 2024 | 12 Nov, 2024 | Interim | 0.8 |
21 May, 2024 | 22 Aug, 2024 | Final | 0.7 |
20 Oct, 2023 | 10 Nov, 2023 | Interim | 0.8 |
25 May, 2023 | 15 Sep, 2023 | Final | 0.7 |
31 Oct, 2022 | 17 Nov, 2022 | Interim | 0.8 |
20 May, 2022 | 15 Sep, 2022 | Final | 0.63 |
20 Oct, 2021 | 10 Nov, 2021 | Interim | 0.77 |
09 Feb, 2021 | 17 Feb, 2021 | Interim | 1.05 |
20 May, 2022 | 15 Sep, 2022 | Final | 0.63 |
20 Oct, 2021 | 10 Nov, 2021 | Interim | 0.77 |
09 Feb, 2021 | 17 Feb, 2021 | Interim | 1.05 |
20 May, 2022 | 15 Sep, 2022 | Final | 0.63 |
20 Oct, 2021 | 10 Nov, 2021 | Interim | 0.77 |
09 Feb, 2021 | 17 Feb, 2021 | Interim | 1.05 |
FAQs
Q.1. What is the expected IRFC share price target for 2025?
Ans: In 2025, the expected target for IRFC shares is between ₹290 and ₹335. This projection reflects a moderate growth outlook based on market trends and company performance.
Q.2. What are the IRFC share price targets for 2026?
Ans: For 2026, analysts have set a price target range for IRFC shares between ₹390 and ₹425. This suggests continued growth as the company expands its market presence and financial stability.
Q.3. How much will IRFC shares be worth in 2027?
Ans: By 2027, IRFC shares are projected to reach between ₹485 and ₹540. This indicates a consistent upward trend over the next few years as the company strengthens its position in the sector.
Q.4. What is the forecast for IRFC share price in 2028?
Ans: For 2028, the anticipated target for IRFC shares is between ₹595 and ₹631. This shows an optimistic outlook, as the company is expected to benefit from long-term growth strategies.
Q.5. What can we expect from IRFC share price in 2029?
Ans: In 2029, the expected price target for IRFC shares is between ₹685 and ₹745, reflecting solid growth based on its strategic positioning and market developments.
Q.6. What are the IRFC share price targets for 2030?
Ans: By 2030, IRFC shares are expected to reach between ₹795 and ₹835. This continued positive growth is likely driven by the company’s expansion and financial progress.
Q.7. What will IRFC shares be valued at in 2035?
Ans: Looking further ahead to 2035, the projected target for IRFC shares ranges between ₹1245 and ₹1340, suggesting a strong and sustained upward movement in share prices over the next decade.
Q.8. What is the long-term IRFC share price target for 2040?
Ans: In 2040, analysts predict that IRFC shares will be worth between ₹1580 and ₹1845, reflecting a highly optimistic long-term forecast based on the company’s expected continued success and industry trends.

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