IRFC Share Price Target: Welcome to the post on the IRFC share price prediction. IRFC is a government company that raises funds for Indian Railways. As it is a monopoly business, the company seems to be growing well continuously.
IRFC made its debut in the stock market in January 2024 at an IPO issue price of 26 INR. It is a completely owned subsidiary under the Ministry of Railways.
Let us see IRFC Share Price Target 2024, 2024, 2025, 2030.
About IRFC
Indian Railway Finance Corporation (IRFC) is owned by Indian Railways, Ministry of Railways, Government of India. The company raises funds through financial bonds and banks. Recently, IRFC got listed in NSE and BSE.
IRFC was set up on December 12, 1986, as the dedicated financing arm of the Indian Railways to mobilize funds from domestic and overseas capital markets.
Fundamentals of IRFC Ltd
Let us have a look at the fundamentals of IRFC Ltd, based on which we can get a clear understanding of the expertise in the financial lending sector.
- Current Market Cap: As of July 2024, the current market cap of IRFC Ltd is ₹26,267.70 Cr.
- EV/EBITDA: 17.29
- P/E Ratio: The current Price to Earning ratio of IRFC Ltd is 4.31.
- Profit Growth: The profit growth of IRFC is around 38.35% over the period of time
- Sales Growth: Sales growth over the period of time for IRFC Ltd is 17.51%
IRFC (Indian Railway Finance Corporation) provides financial assistance to Indian Railways to mobilize necessary resources and finance for new development programs. The company is completely owned by the Ministry of Railways, Government of India (GOI) and is involved in providing financial assistance to Indian Railways.
Founded in 1986, the IRFC started raising money from the stock market the very next year.
| Company Name | Indian Railway Finance Corporation |
| Share/Stock Price | 21.30 (as of 20-Oct-2024) |
| Founded | 12 Dec 1986 |
| official website | www.itcportal.com |
| CMD | Amitabh Banerjee |
| Revenue | 13823.45 crore (2020) |
| HeadQuarter | New Delhi, India |
| Total Assets | 206,603.60 crore |
| Market Cap | 27,835 crore |
| 52 Week High/Low | 26.40/19.30 |
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IRFC Share Price Target
Since IRFC entered the stock market, investors have invested a lot in it.
IRFC funds all the new projects of Indian Railways and many new projects are going to be started to make Indian Railways more hi-tech and faster.
| Year | Target Price (INR) |
| 2024 | 25 |
| 2024 | 30 |
| 2024 | 35 |
| 2025 | 40 |
| 2026 | 45 |
| 2027 | 50 |
| 2030 | 60 |
| 2035 | 90 |
| 2050 | 250 |
The IRFC share price target 2024 can go up to around Rs. 25.
IRFC Share Price prediction 2024 can grow up to 40 INR.
The share price target of IRFC for 2024 can be three times the current price which is about Rs. 60.
