IRFC Stock Fundamental Analysis from weakness to current Strength in Balance Sheet
This is a 1,10,821 cr market cap, mini ratna company.
IRFC borrows funds from financial markets, use funds for the acquisition of assets or creation of Assets, Lease out its assets to Indian Railways as finance lease.
It is a public sector enterprise under the Ministry of Railways, govt. Of India. It earns revenue mainly from:
- Interest on loans 3%
- Interest income 33%
- Rolling stock 58%
- Project assets 6%
IRFC Yearly range of the stock Stock rallied from a 52 week low of 20.6 to 52 week high of 93
IRFC Important Share Holding Pattern Majorly public increased its holding in 2023 June quarter which is 10.49%, DIIs holding decreased to 2.02%, FIIs holding decreased to 1.14%.
Promoters of IRFC is president of india acting through MoR and their present holding 86.36% as per balance sheet of march 2023.
Increased Sales and Net Profit Expectations
Increased Sales and Net Profit Expectations Net profit has increased which seems to be growing watching TTM also. Sales as per TTM is also surpassed March 2023 record, when we are watching this on september 12 2023 IRFC Stock Fundamental Analysis.
