IFCI Limited (Industrial Finance Corporation of India) is a government-owned non-banking financial company (NBFC) established in 1948 to provide long-term financing to India’s industrial sector. Headquartered in New Delhi and majority-owned by the Government of India (72.57% promoter holding), IFCI has transitioned from a development finance institution to a diversified NBFC offering project finance, infrastructure lending, and corporate loans. However, as of January 2026, the company faces significant challenges—including declining sales, negative profit growth, low return on equity, and minimal operational scale—making it a high-risk speculative bet rather than a core investment. This article provides a realistic outlook on the IFCI share price target 2026–2030.
IFCI: Company Overview
- Founded: 1948
- Chairman & Managing Director: Shri Pankaj Jain
- NSE Symbol: IFCI
- Core Business: Project finance, infrastructure lending, corporate loans, and asset reconstruction
- Market Position: Small PSU NBFC with limited market relevance; overshadowed by larger peers like IRFC and REC
IFCI’s balance sheet remains fragile, with advances of just ₹1,337 Cr—a fraction of its peak lending book. It survives primarily due to sovereign backing, not commercial viability.
IFCI: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹60.00 |
| Market Capitalization | ₹16,168.58 Cr |
| No. of Shares Outstanding | 269.43 Cr |
| P/E Ratio (TTM) | 68.19 |
| P/B Ratio | 9.19 |
| EPS (TTM) | ₹0.88 |
| Book Value (TTM) | ₹6.53 |
| ROE | 3.58% |
| ROCE | 14.93% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Operating Revenue | ₹680.51 Cr |
| Net Profit | ₹43.80 Cr |
| Promoter Holding | 72.57% |
| Sales Growth (YoY) | –19.00% |
| Profit Growth (YoY) | –65.85% |
Note on Valuation: Despite tiny profits, IFCI trades at a P/E of 68x and P/B of 9.2x—extremely rich for a declining PSU NBFC with negligible scale.
IFCI Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹62 – ₹70 |
| 2027 | ₹64 – ₹75 |
| 2028 | ₹66 – ₹82 |
| 2029 | ₹68 – ₹90 |
| 2030 | ₹70 – ₹100 |
Important: These targets assume no delisting, no major capital erosion, and continued government support. If revival fails, the stock could stagnate near ₹50–60 indefinitely.
IFCI Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹62 | ₹70 |
IFCI reported a 65.85% YoY decline in profit and 19% fall in sales in FY2025, reflecting shrinking operations. With an ROE of just 3.58% and zero dividends, the stock lacks fundamental appeal. The 2026 target range is based purely on sentiment and PSU status—not earnings.
IFCI Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹64 | ₹75 |
If the company stabilizes its loan book and avoids further asset quality deterioration, investor sentiment may hold. However, no meaningful growth is expected before 2028.
IFCI Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹66 | ₹82 |
By 2028, if IFCI diversifies into MSME or green finance under government schemes, it may see a modest re-rating. But low ROE and tiny scale limit upside.
IFCI Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹68 | ₹90 |
Long-term tailwinds are weak. Unlike IRFC or REC, IFCI has no strategic role in national infrastructure. Upside depends on privatization rumors or merger speculation—not fundamentals.
IFCI Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹70 | ₹100 |
Over a five-year horizon, IFCI remains a low-conviction, low-growth PSU. A ₹100 target assumes successful restructuring or strategic sale—neither is currently visible.
IFCI: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Govt. of India) | 72.57% |
| Public & Retail | 20.89% |
| Domestic Institutional Investors (DII) | 3.95% |
| Foreign Institutional Investors (FII) | 2.58% |
High promoter holding ensures survival but not performance. Minimal institutional interest reflects a lack of commercial relevance.
IFCI: Strengths vs Risks
Strengths:
- Government ownership ensures no bankruptcy risk
- Debt has been reduced significantly in recent years
- Legacy brand recognition
Risks:
- Negative sales growth (–19%) and collapsing profits
- ROE of 3.58%—among the lowest in PSU financials
- No dividend history (0% yield for 5+ years)
- Negligible scale (Advances: ₹1,337 Cr vs. IRFC’s ₹5 lakh Cr+)
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Very High |
| Ideal Time Horizon | 5+ years (speculative) |
| Volatility | High (penny stock behavior) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Traders betting on PSU consolidation rumors; not for investors |
- Sharp profit decline of around 65.85%
- Consistently shrinking loan book
- Lack of strategic relevance in India’s financial ecosystem
- No dividend payouts or growth visibility
Final Verdict
IFCI is a financially marginal PSU NBFC kept alive by government ownership—not commercial strength. It offers no compelling investment case.
Our IFCI share price target 2026–2030 (₹62 to ₹100) reflects cautious optimism—rooted in policy support but tempered by operational irrelevance. This is not an investment—it’s a gamble on bureaucratic survival.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – IFCI Consolidated Page
- Finology Ticker – IFCI Financials & Analysis
- Groww.in – IFCI Stock Profile
- Ministry of Finance – PSU NBFC Revival Guidelines 2025
- RBI Master Direction on NBFC Classification
