Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited engages in leasing of rolling stock and railway infrastructure assets in India. The company also engages in lending business; and borrowing funds from commercial markets, financial markets to finance the acquisition/creation of assets that are leased out to the Indian Railways. Indian Railway Finance Corporation Limited was incorporated in 1986 and is ba… Read more
Indian Railway Finance Corporation Limited (IRFC) - Net Assets
Latest net assets as of December 2025: ₹566.25 Billion INR
Based on the latest financial reports, Indian Railway Finance Corporation Limited (IRFC) has net assets worth ₹566.25 Billion INR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹4.98 Trillion) and total liabilities (₹4.42 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹566.25 Billion |
| % of Total Assets | 11.36% |
| Annual Growth Rate | 19.21% |
| 5-Year Change | 46.65% |
| 10-Year Change | 356.97% |
| Growth Volatility | 36.17 |
Indian Railway Finance Corporation Limited - Net Assets Trend (2013–2025)
This chart illustrates how Indian Railway Finance Corporation Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Indian Railway Finance Corporation Limited (2013–2025)
The table below shows the annual net assets of Indian Railway Finance Corporation Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹526.68 Billion | +7.09% |
| 2024-03-31 | ₹491.79 Billion | +8.16% |
| 2023-03-31 | ₹454.70 Billion | +10.91% |
| 2022-03-31 | ₹409.96 Billion | +14.15% |
| 2021-03-31 | ₹359.13 Billion | +18.53% |
| 2020-03-31 | ₹303.00 Billion | +21.85% |
| 2019-03-31 | ₹248.66 Billion | +22.35% |
| 2018-03-31 | ₹203.24 Billion | +2776.83% |
| 2017-03-31 | ₹-7.59 Billion | -106.59% |
| 2016-03-31 | ₹115.25 Billion | +32.76% |
| 2015-03-31 | ₹86.82 Billion | +14.81% |
| 2014-03-31 | ₹75.62 Billion | +18.26% |
| 2013-03-31 | ₹63.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indian Railway Finance Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2074.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹131.41 Billion | 24.95% |
| Common Stock | ₹130.69 Billion | 24.81% |
| Other Comprehensive Income | ₹395.99 Billion | 75.19% |
| Total Equity | ₹526.68 Billion | 100.00% |
Indian Railway Finance Corporation Limited Competitors by Market Cap
The table below lists competitors of Indian Railway Finance Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Ruyi Holdings Limited
F:4Z81
|
$1.98 Billion |
|
Callaway Golf Company
NYSE:CALY
|
$1.98 Billion |
|
Ultragenyx
NASDAQ:RARE
|
$1.98 Billion |
|
Navitas Semiconductor Corp
NASDAQ:NVTS
|
$1.98 Billion |
|
Guangdong Aofei Data Technology Co Ltd Class A
SHE:300738
|
$1.98 Billion |
|
Aecc Aero Engine Control Co Ltd
SHE:000738
|
$1.98 Billion |
|
NetLink NBN Trust
PINK:NETLF
|
$1.97 Billion |
|
Kemira Oyj
PINK:KOYJF
|
$1.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indian Railway Finance Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 491,785,670,000 to 526,677,700,000, a change of 34,892,030,000 (7.1%).
- Net income of 65,020,000,000 contributed positively to equity growth.
- Dividend payments of 30,057,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 395,790,770,000.
- Other factors decreased equity by 395,861,140,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹65.02 Billion | +12.35% |
| Dividends Paid | ₹30.06 Billion | -5.71% |
| Other Comprehensive Income | ₹395.79 Billion | +75.15% |
| Other Changes | ₹-395.86 Billion | -75.16% |
| Total Change | ₹- | 7.09% |
Book Value vs Market Value Analysis
This analysis compares Indian Railway Finance Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.60x to 2.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹26.79 | ₹96.44 | x |
| 2014-03-31 | ₹25.16 | ₹96.44 | x |
| 2015-03-31 | ₹24.20 | ₹96.44 | x |
| 2016-03-31 | ₹27.10 | ₹96.44 | x |
| 2017-03-31 | ₹243.86 | ₹96.44 | x |
| 2018-03-31 | ₹31.14 | ₹96.44 | x |
| 2019-03-31 | ₹37.64 | ₹96.44 | x |
| 2020-03-31 | ₹32.25 | ₹96.44 | x |
| 2021-03-31 | ₹29.72 | ₹96.44 | x |
| 2022-03-31 | ₹31.37 | ₹96.44 | x |
| 2023-03-31 | ₹34.19 | ₹96.44 | x |
| 2024-03-31 | ₹37.63 | ₹96.44 | x |
| 2025-03-31 | ₹40.34 | ₹96.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indian Railway Finance Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.35%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.02%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.28x
- Recent ROE (12.35%) is above the historical average (10.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.16% | 35.26% | 0.02x | 11.07x | ₹-1.18 Billion |
| 2014 | 9.27% | 44.20% | 0.02x | 11.10x | ₹-555.13 Million |
| 2015 | 8.73% | 38.79% | 0.02x | 10.10x | ₹-1.10 Billion |
| 2016 | 7.36% | 42.56% | 0.02x | 9.41x | ₹-3.04 Billion |
| 2017 | 1.61% | 26.37% | 1.39x | 0.04x | ₹-110.29 Billion |
| 2018 | 9.85% | 21.74% | 0.06x | 7.94x | ₹-309.68 Million |
| 2019 | 8.61% | 19.48% | 0.05x | 8.30x | ₹-3.47 Billion |
| 2020 | 10.54% | 23.84% | 0.05x | 9.09x | ₹1.62 Billion |
| 2021 | 12.30% | 28.04% | 0.04x | 10.59x | ₹8.25 Billion |
| 2022 | 14.85% | 30.03% | 0.05x | 10.98x | ₹19.90 Billion |
| 2023 | 13.80% | 26.08% | 0.05x | 10.99x | ₹16.99 Billion |
| 2024 | 13.04% | 24.17% | 0.05x | 9.86x | ₹14.94 Billion |
| 2025 | 12.35% | 24.02% | 0.06x | 9.28x | ₹12.35 Billion |
Industry Comparison
This section compares Indian Railway Finance Corporation Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $29,648,174,333
- Average return on equity (ROE) among peers: 5.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indian Railway Finance Corporation Limited (IRFC) | ₹566.25 Billion | 8.16% | 7.80x | $1.98 Billion |
| Akme Fintrade India Ltd (AFIL) | $1.37 Billion | 3.01% | 1.73x | $13.99 Million |
| Arman Financial Services Limited (ARMANFIN) | $78.33 Million | 10.06% | 2.58x | $94.77 Million |
| Baid Finserv Limited (BAIDFIN) | $1.38 Billion | 5.44% | 1.30x | $4.92 Million |
| Bajaj Finance Limited (BAJFINANCE) | $9.96 Billion | 4.78% | 2.56x | $26.81 Billion |
| Capital Trust Limited (CAPTRUST) | $1.20 Billion | -9.01% | 1.95x | $596.12K |
| Capri Global Capital Limited (CGCL) | $43.04 Billion | 11.12% | 3.84x | $561.11 Million |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $221.24 Billion | 8.01% | 7.00x | $1.79 Billion |
| Capital India Finance Limited (CIFL) | $6.60 Billion | 1.77% | 1.73x | $2.74K |
| CP Capital Limited (CPCAP) | $4.72 Billion | 4.81% | 0.10x | $4.60 Million |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $6.91 Billion | 10.89% | 4.16x | $729.64 Million |