Indian Railway Finance Corporation Limited (IRFC) - Net Assets
Based on the latest financial reports, Indian Railway Finance Corporation Limited (IRFC) has net assets worth Rs566.25 Billion INR (≈ $6.12 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.98 Trillion ≈ $53.89 Billion USD) and total liabilities (Rs4.42 Trillion ≈ $47.77 Billion USD). 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. Also explore Indian Railway Finance Corporation Limit total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs566.25 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. Check tangible net worth ratio of Indian Railway Finance Corporation Limit to evaluate the tangible quality of the company's equity base.
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. For live valuation and market cap data, see Indian Railway Finance Corporation Limit market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs526.68 Billion ≈ $5.70 Billion |
+7.09% |
| 2024-03-31 | Rs491.79 Billion ≈ $5.32 Billion |
+8.16% |
| 2023-03-31 | Rs454.70 Billion ≈ $4.92 Billion |
+10.91% |
| 2022-03-31 | Rs409.96 Billion ≈ $4.43 Billion |
+14.15% |
| 2021-03-31 | Rs359.13 Billion ≈ $3.88 Billion |
+18.53% |
| 2020-03-31 | Rs303.00 Billion ≈ $3.28 Billion |
+21.85% |
| 2019-03-31 | Rs248.66 Billion ≈ $2.69 Billion |
+22.35% |
| 2018-03-31 | Rs203.24 Billion ≈ $2.20 Billion |
+2776.83% |
| 2017-03-31 | Rs-7.59 Billion ≈ $-82.11 Million |
-106.59% |
| 2016-03-31 | Rs115.25 Billion ≈ $1.25 Billion |
+32.76% |
| 2015-03-31 | Rs86.82 Billion ≈ $938.88 Million |
+14.81% |
| 2014-03-31 | Rs75.62 Billion ≈ $817.81 Million |
+18.26% |
| 2013-03-31 | Rs63.94 Billion ≈ $691.52 Million |
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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 | Rs131.41 Billion | 24.95% |
| Common Stock | Rs130.69 Billion | 24.81% |
| Other Comprehensive Income | Rs395.99 Billion | 75.19% |
| Total Equity | Rs526.68 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 |
|---|---|
|
KT&G Corp
KO:033780
|
$12.60 Billion |
|
Penumbra Inc
NYSE:PEN
|
$12.60 Billion |
|
TransUnion
NYSE:TRU
|
$12.62 Billion |
|
Equity Lifestyle Properties Inc
NYSE:ELS
|
$12.62 Billion |
|
TongFu Microelectronics Co Ltd
SHE:002156
|
$12.60 Billion |
|
Ally Financial Inc
NYSE:ALLY
|
$12.59 Billion |
|
AltaGas Ltd
TO:ALA
|
$12.57 Billion |
|
APA Corporation
NASDAQ:APA
|
$12.57 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 | Rs65.02 Billion | +12.35% |
| Dividends Paid | Rs30.06 Billion | -5.71% |
| Other Comprehensive Income | Rs395.79 Billion | +75.15% |
| Other Changes | Rs-395.86 Billion | -75.16% |
| Total Change | Rs- | 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: 2.21x
- 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 3.33x to 2.21x 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 | Rs26.79 | Rs89.15 | x |
| 2014-03-31 | Rs25.16 | Rs89.15 | x |
| 2015-03-31 | Rs24.20 | Rs89.15 | x |
| 2016-03-31 | Rs27.10 | Rs89.15 | x |
| 2017-03-31 | Rs243.86 | Rs89.15 | x |
| 2018-03-31 | Rs31.14 | Rs89.15 | x |
| 2019-03-31 | Rs37.64 | Rs89.15 | x |
| 2020-03-31 | Rs32.25 | Rs89.15 | x |
| 2021-03-31 | Rs29.72 | Rs89.15 | x |
| 2022-03-31 | Rs31.37 | Rs89.15 | x |
| 2023-03-31 | Rs34.19 | Rs89.15 | x |
| 2024-03-31 | Rs37.63 | Rs89.15 | x |
| 2025-03-31 | Rs40.34 | Rs89.15 | 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 | Rs-1.18 Billion |
| 2014 | 9.27% | 44.20% | 0.02x | 11.10x | Rs-555.13 Million |
| 2015 | 8.73% | 38.79% | 0.02x | 10.10x | Rs-1.10 Billion |
| 2016 | 7.36% | 42.56% | 0.02x | 9.41x | Rs-3.04 Billion |
| 2017 | 1.61% | 26.37% | 1.39x | 0.04x | Rs-110.29 Billion |
| 2018 | 9.85% | 21.74% | 0.06x | 7.94x | Rs-309.68 Million |
| 2019 | 8.61% | 19.48% | 0.05x | 8.30x | Rs-3.47 Billion |
| 2020 | 10.54% | 23.84% | 0.05x | 9.09x | Rs1.62 Billion |
| 2021 | 12.30% | 28.04% | 0.04x | 10.59x | Rs8.25 Billion |
| 2022 | 14.85% | 30.03% | 0.05x | 10.98x | Rs19.90 Billion |
| 2023 | 13.80% | 26.08% | 0.05x | 10.99x | Rs16.99 Billion |
| 2024 | 13.04% | 24.17% | 0.05x | 9.86x | Rs14.94 Billion |
| 2025 | 12.35% | 24.02% | 0.06x | 9.28x | Rs12.35 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: $6,990,711,846
- Average return on equity (ROE) among peers: 11.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indian Railway Finance Corporation Limited (IRFC) | Rs566.25 Billion | 8.16% | 7.80x | $12.60 Billion |
| Akme Fintrade India Ltd (AFIL) | $2.23 Billion | 8.30% | 0.95x | $44.23 Million |
| Arman Financial Services Limited (ARMANFIN) | $2.13 Billion | 14.92% | 4.84x | $220.68 Million |
| Baid Finserv Limited (BAIDFIN) | $490.88 Million | 19.78% | 5.79x | $16.43 Million |
| Bajaj Finance Limited (BAJFINANCE) | $2.76 Billion | 20.29% | 4.16x | $76.74 Billion |
| Capri Global Capital Limited (CGCL) | $38.37 Billion | 7.28% | 2.95x | $2.42 Billion |
| Cholamandalam Investment and Finance Company Limited (CHOLAFIN) | $14.04 Billion | 12.04% | 8.61x | $16.88 Billion |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $5.59 Billion | 16.82% | 1.19x | $3.12 Billion |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $1.11 Billion | 7.16% | 3.91x | $2.76 Billion |
| CSL Finance Limited (CSLFINANCE) | $3.63 Billion | 12.59% | 1.15x | $51.79 Million |
| DCM Financial Services Limited (DCMFINSERV) | $-429.77 Million | 0.00% | 0.00x | $1.25 Million |
About 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