IRFC share price today

Indian Railway Finance Corporation Ltd's share price was ₹80.43 at the close on 6 November 2026. It has been falling for 65 weeks. That is 14.5% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 45 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indian Railway Finance Corporation Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹73 and ₹134, and at that close it sat 12% of the way up from that low.

Over the last 5.8 years the share price moved +224% while the NIFTY 500 moved +80%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 January 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit up on a year earlier for 6 quarters in a row and highest quarterly profit in 16 quarters.

1. Profit up on a year earlier for 6 quarters in a row

   In the September 2026 quarter profit was ₹1,958 crore, +10.2% on a year earlier.

   Why: Profit rose because the company lent more to non-railway infrastructure borrowers.

   Next results: check whether planned metro, port, renewable and power projects start drawing loans.

   From the earnings call on 16 Oct 2026.

2. Highest quarterly profit in 16 quarters

   Profit of ₹1,958 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit hit a record because the company lent more to non-railway infrastructure borrowers.

   From the earnings call on 16 Oct 2026.

IRFC paid ₹2.20 a share in regular dividends in the 12 months to 7 November 2026 (2 payments), a yield of 2.74% at the ₹80.43 close on 6 November 2026. The last was an interim dividend of ₹1.15 a share, ex-date 23 October 2026.

IRFC dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indian Railway Finance Corporation Ltd paid out 39% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), IRFC reported total income of ₹7,866 crore, up 23.4% from ₹6,372 crore a year earlier, and a profit of ₹1,958 crore, up 10.2% from ₹1,777 crore.

IRFC results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

IRFC's management discussed these results on a call held on 16 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

IRFC closed at ₹80.43 on 6 November 2026, down 33.7% from ₹121.36 a year earlier (7 November 2025) and up 217.9% over five years. Its highest weekly close since January 2021 was ₹217.43 on 12 July 2024.

IRFC share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

305 weekly closes from 29 January 2021 to 6 November 2026.

6 Nov 2026: IRFC closed at ₹80.43, up 9.6% on the week and up 7.7% on the month. 23 Oct 2026: ex-date for an interim dividend of ₹1.15 a share.

Earlier

• 16 Oct 2026: IRFC held its results call for July to September 2026. Management guided: FY27 non-rail disbursements to exceed the prior-year level; clearer framework guidance in Q3 and model completion by FY-end.
• Results for July to September 2026: Total income up 23.4% and profit up 10.2% on a year earlier.
• 13 Mar 2026: ex-date for an interim dividend of ₹1.05 a share.

On the call for July to September 2026, held on 16 October 2026, IRFC's management guided: FY27 non-rail disbursements to exceed the prior-year level; clearer framework guidance in Q3 and model completion by FY-end.

“The overall pie is more than 20 lakh crore. Once we have access to this pie, these opportunities are going to continue for at least the next 10 years.”Manoj Kumar Dubey, on the call for July to September 2026

What management guided

• FY27 AUM to approach ₹5 lakh crore or potentially exceed it by year-end.
• FY27 WACC to remain around 6.6% despite rate hardening.
• H2 revenue and profit broadly to replicate H1 performance.
• From FY28, railway disbursements of at least ₹50,000 crore annually for a minimum decade.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 16 October 2026.

When IRFC reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: FY27 non-rail drawdowns: verify planned metro, port, renewable and power-linked projects begin converting from pipeline.

IRFC is on 4 of our India lists: 52 week high & low, Dividend stocks, Small & mid cap stocks and Penny stocks.

Indian Railway Finance Corporation Ltd earned ₹1,958 Cr of net profit in the Sep 2026 quarter, +10.2% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹7,009 Cr. Over 10 years profit has grown 23.5% a year on average. That is 24.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹1,777 Cr.

For the full year, FY26 profit was ₹7,009 Cr (+7.8% on the year before).

Why profit moved: revenue changed +23.4% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +7.8% and revenue +12.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

Indian Railway Finance Corporation Ltd reported ₹7,866 Cr of income in the Sep 2026 quarter, +23.4% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 13.8% a year on average. The last full year, FY26, came in at ₹27,285 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

The last four reported quarters add to ₹30,124 Cr.

FY26 revenue was ₹27,285 Cr, +0.5% on the year before.

Recent pace: the last four quarters grew +12.6% on average, against 13.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.5%, against +5.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +7.8%, against +6.4% a year (stabilising).

Indian Railway Finance Corporation Ltd's net margin was 24.9% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 10.3% and 30.0%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Indian Railway Finance Corporation Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up.

Indian Railway Finance Corporation Ltd's revenue was ₹27,285 Cr in FY26, +0.5% on the year before, so the loan book is growing. The latest quarter was +23.4% on a year earlier. The net margin on that income is 24.9%, −3.0 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Indian Railway Finance Corporation Ltd's P/BV is 1.7×, in the middle of its own history: higher than 42% of past readings. Its usual P/BV (the middle reading) is 2.1×, over 5.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is where it is: over the past year book value grew while the price moved −33.7%. Price and book value moved together, so the multiple stayed in its range.

Where the price move came from: over 5 years the price moved +26.0% a year; about +8.7% a year came from book-value growth and about +17.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the book value trend underneath matters more than the multiple.

Indian Railway Finance Corporation Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 12.2%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Indian Railway Finance Corporation Ltd earned a return on equity of 13% in FY26. Its lowest yearly reading on file was 8% in FY16. On its assets, every ₹100 earned about ₹1.43, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together.

Two numbers rate a bank: ROE, what it earns on shareholders’ money, and ROA, what it earns on all its assets. An ROE above about 13 to 15% is healthy; below that, net worth grows slowly.

That is above the level a bank needs to grow its net worth steadily.

Why ROE moved: profit grew 23.5% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low.

For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead.

For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here.

Promoters cut their stake in Indian Railway Finance Corporation Ltd by 3.5 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 82.9% of the company. Domestic institutions moved +2.9 points over the same period, to 4.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −3.5 points over 8 quarters, to 82.9%; Domestic institutions: +2.9 points over 8 quarters, to 4.0%; Foreign institutions: +0.1 points over 8 quarters, to 1.1%.

Why the owners changed: promoters drove it (−3.5 points), with the other side taken by domestic institutions (+2.9 points). They reduced their stake.

For Indian Railway Finance Corporation Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

45.9 out of 100, rank 6 of 9 in Railways, with 76% of the evidence available.

Indian Railway Finance Corporation Ltd scores 45.9 out of 100 against the 9 companies it is compared with in Railways, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 18.9 + 8.2 + 10.5 + 8.3 = 45.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

IRFC ranks 6 of 9 Railways companies on the 4-Factor Sector Score, with 45.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Railways, all 9 compared on one page.

IRFC is the largest of 9 Railways companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Indian Railway Catering & Tourism Corporation, Titagarh Rail Systems, Rites, Jupiter Wagons, Railtel Corporation of India and Texmaco Rail & Engineering.

Railways companies close in size

1. Indian Railway Finance Corporation Ltd ₹95,884 crore
2. Indian Railway Catering & Tourism Corporation Ltd ₹34,896 crore
3. Titagarh Rail Systems Ltd ₹9,227 crore
4. Rites Ltd ₹9,049 crore
5. Jupiter Wagons Ltd ₹7,769 crore
6. Railtel Corporation of India Ltd ₹7,138 crore
7. Texmaco Rail & Engineering Ltd ₹4,218 crore

All 9 Railways companies, largest first

Companies close in size in other industries

117. United Spirits Ltd ₹97,007 crore · Alcoholic Beverages
118. Muthoot Finance Ltd ₹96,698 crore · Finance & Investments - Gold Loan
119. Indian Railway Finance Corporation Ltd ₹95,884 crore
120. SBI Funds Management Ltd ₹95,364 crore
121. Vedanta Ltd ₹93,028 crore · Mining/Minerals

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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