What does IRFC stand for?
Indian Railway Finance Corporation
Indian Railway Finance Corporation (IRFC) is under the ownership of Indian Railways, Ministry of Railways, Government of India. It raises financial resources for expansion and running through capital markets and other borrowings.
Who is owner of IRFC?
the Government of India
The Company is wholly-owned by the Government of India acting through the MoR. The Company is registered with the Reserve Bank of India as a NBFC (Systematically Important) and is classified under the category of an ‘Infrastructure Finance Company’ under Section 45-IA of the Reserve Bank of India Act 1934.
What does IRFC company do?
IRFC, a leader among financial instiutions of its genre.
The funds mobilised by IRFC are exclusively utilized for acquiring rolling stock assets and also for building up infrastructure. It has financed about seventy per cent of the rolling stock of Indian Railways.
Is IRFC is good for long term?
Indian Railway Finance managed to grow EPS by 9.9% per year, over three years. That’s a pretty good rate, if the company can sustain it.
When did IRFC started?
December 12, 1986Indian Railway Finance Corporation / Founded
What is IRFC future?
For IRFC, the Government of India has remained the largest client, and that will remain so at least for the next 8-10 years because of the execution of the National Rail Plan, under which the government aims to spend 10-lakh crore to augment rail capacities and improve the infrastructure around it.
Is IRFC debt free?
As long as the agreement between IRFC and MoR keeps renewing, the company runs a risk-free business despite having high long-term debt. It is the first public sector NBFC to get listed.
How does IRFC make money?
IRFC gets the money from the market on the basis of Government Guarantee and lends it to Indian Railways for expansion, operational activities and any other purposes. IRFC will keep on earning interest from Indian Railways. Thirdly, financing companies like Banks/NBFCs are valued on basis of price to book value.
What is the future of IRFC share?
The Earning Per Share (EPS) of the company is Rs 4.66 for FY 2021-22, as compared to Rs 3.66 for FY21 registering an increase of 27.32% YoY.
Is there any future of IRFC share?
As on 9th Sep 2022 IRFC SHARE Price closed @ 22.85 and we RECOMMEND Buy for LONG-TERM with Stoploss of 22.21 & Strong Buy for SHORT-TERM with Stoploss of 20.81 we also expect STOCK to react on Following IMPORTANT LEVELS.
How many shares does IRFC have?
Share Statistics
| Avg Vol (3 month) 3 | 3.92M |
|---|---|
| Avg Vol (10 day) 3 | 8.09M |
| Shares Outstanding 5 | 13.07B |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 1.66B |
Is IRFC a monopoly stock?
Dealmoney: IRFC has a monopoly in its segment of finance. The extensive expansion plans of the Indian Railways in the future will involve significant financing, and IRFC being the only player will benefit from it greatly, the brokerage said in a note.
Will IRFC be a multibagger?
It won’t be a big multibagger for sure. But it is a very safe stock that will surely give much better returns than any Mutual funds. Could expect good dividend and I personally expect it to double in 3-4 years from here. You can keep Rail Vikas as benchmark for it.
Can IRFC be a multibagger?
Is IRFC safe?
IRFC is a low risk company, its stocks can give good returns to the investors in the medium term,” he added. At that Market analysts believed that the issue price of IRFC shares in this IPO was very attractive. It was great for long term investors as it had low investment risk and earning opportunities.
Is IRFC a monopoly company?