IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non-banking finance company established to cater to the long-term finance needs of the industrial sector. IFCI Limited is an NBFC established in 1948, providing financial support for various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE.
IFCI is a Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-SI) in the public sector. The company holds a distinguished position as India's pioneering development finance institution, playing a crucial role in the country's industrial and infrastructure development journey over the past seven decades.
The Company offers financial products, including loan products, project finance, corporate finance, syndication and advisory, and structured products. The various sectors covered under project finance are power, including renewable energy, telecommunications, roads, oil and gas, ports, airports, basic metals, chemicals, pharmaceuticals, electronics, textiles, real estate, smart cities and urban infrastructure, and others.
During its 75 years of existence, mega projects like Adani Mundra Ports, GMR Goa International Airport, Salasar Highways, NRSS Transmission, Raichur Power Corporation, to name a few, have been setup with financial assistance of IFCI. It caters to the varied needs of a diverse set of customers ranging across small, mid, and large corporates.
A significant development occurred in November 2024 when the Government announced that it would be restructuring IFCI from a financial lender to an advisory firm, shutting down its lending options entirely. Recently, in November 2024, the Government announced a restructuring plan to transform IFCI from a direct lending institution to an advisory firm.
IFCI is transitioning from a financially troubled lender to a specialized infrastructure advisory firm with government backing. The company will now focus on project evaluation and advisory services rather than direct lending. IFCI will no longer resume lending but will expand its infrastructure advisory services, including project evaluation for state governments and green initiatives.
In Government Advisory, IFCI is appointed as a Project Management Agency (PMA) for various Production Linked Incentive (PLI) schemes launched under the aegis of "Atmanirbhar Bharat" by the Government of India. These schemes are aimed at boosting domestic manufacturing and to attract large investment in the identified sectors. IFCI is also the Verifying & Monitoring Agency for various capital subsidy schemes.
The company also serves specialized functions such as the Nodal Agency for monitoring loans of Sugar Development Fund (SDF) since 1984. Additionally, the Govt. of India has placed a Venture Capital Fund of ₹200 Crore for Scheduled Castes (SC) with IFCI with an aim to promote entrepreneurship among the Scheduled Castes (SC) and to provide concessional finance.
As of the latest available data, IFCI's market cap stands at ₹16,799 Crore (up 2.74% in 1 year) with revenue of ₹1,876 Crore and profit of ₹349 Crore. For Q4 FY25, IFCI Ltd's revenue fell -41.63% since last year same period to ₹415.91 Crore. However, IFCI Ltd's net profit jumped 70.46% since last year same period to ₹227.28 Crore.
Key financial metrics for Q4 FY25 include:
- Revenue: ₹415.91 Crore
- Net Profit: ₹227.28 Crore
- Net Profit Margin: 54.65%
- EPS: ₹0.87
Company has delivered good profit growth of 22.6% CAGR over the last 5 years. However, the company has delivered a poor sales growth of -8.22% over the past five years.
Promoter holding stands at 72.6%. During the Financial Year 2023-24, Government of India's shareholding increased from 66.35% to 70.32% and further to 71.72% in April, 2024. This demonstrates the government's continued confidence and increased stake in the company's future.
The stock hit a 52-week high of ₹91.39 on July 25, 2024, and a 52-week low of ₹35.67 on April 7, 2025. Over the last one month, the share price of IFCI has gained 32% from levels of ₹43.96 to the current levels of ₹58.38.
IFCI has seven subsidiaries and one associate. The company has played a pivotal role in setting up various market intermediaries of repute in several niche areas like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutes across the length and breadth of the country.
The government had earlier approved a ₹5 billion capital infusion in FY25. This was to strengthen IFCI's financial position ahead of the restructuring. IFCI's growth is expected to be supported by its strategic focus on restructuring, improving asset quality, and expanding its footprint in advisory services.
The transformation from a traditional lending institution to a specialized advisory firm represents a strategic pivot that aligns with government initiatives while leveraging IFCI's decades of experience in project evaluation and industrial finance. This restructuring aims to position IFCI as a key player in India's infrastructure development ecosystem through its advisory and project management capabilities.
