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IFCI - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.9

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 2.9

Stock Code IFCI Market Cap 15,471 Cr. Current Price 57.4 ₹ High / Low 74.5 ₹
Stock P/E 51.1 Book Value 6.53 ₹ Dividend Yield 0.00 % ROCE 14.9 %
ROE 2.97 % Face Value 10.0 ₹ DMA 50 54.3 ₹ DMA 200 54.4 ₹
Chg in FII Hold -0.02 % Chg in DII Hold 0.00 % PAT Qtr 6.85 Cr. PAT Prev Qtr 16.1 Cr.
RSI 55.2 MACD 1.31 Volume 11,80,79,812 Avg Vol 1Wk 3,74,48,970
Low price 35.7 ₹ High price 74.5 ₹ PEG Ratio 1.93 Debt to equity 2.03
52w Index 56.0 % Qtr Profit Var 112 % EPS 1.12 ₹ Industry PE 19.1

📊 Core Financials

  • Revenue & Profitability: PAT fell from 16.1 Cr. to 6.85 Cr. QoQ, showing weak earnings momentum despite reported profit variation of 112% YoY.
  • Margins: ROE at 2.97% is very low, while ROCE at 14.9% indicates moderate efficiency in capital use.
  • Debt: Debt-to-equity ratio of 2.03 is manageable compared to peers but still indicates reliance on leverage.
  • Cash Flow: No dividend payout (0.00%) suggests reinvestment or financial stress, limiting shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 51.1 vs Industry PE of 19.1 → highly overvalued relative to peers.
  • P/B Ratio: Current Price (57.4 ₹) / Book Value (6.53 ₹) ≈ 8.79, extremely expensive compared to intrinsic worth.
  • PEG Ratio: 1.93 indicates valuation is not justified by growth prospects.
  • Intrinsic Value: Current price appears significantly overvalued given weak earnings and low ROE.

🏦 Business Model & Competitive Advantage

  • IFCI operates as a financial institution with focus on lending and investment services.
  • Competitive advantage is limited due to weak profitability and high valuation multiples.
  • Business health depends on improving earnings consistency and reducing valuation mismatch.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Safer entry below 45 ₹, closer to intrinsic value and support levels.
  • Long-Term Holding: Risky for conservative investors due to high P/E and weak ROE. Suitable only for speculative investors betting on turnaround.

✅ Positive

  • ROCE at 14.9% shows moderate capital efficiency.
  • Quarterly profit variation (+112%) indicates potential improvement trend.
  • Debt-to-equity ratio of 2.03 is relatively controlled compared to sector averages.

⚠️ Limitation

  • Extremely high P/E (51.1) and P/B (8.79) make the stock expensive.
  • ROE at 2.97% is very weak, showing poor shareholder returns.
  • No dividend yield, limiting investor reward.

📉 Company Negative News

  • PAT dropped sharply from 16.1 Cr. to 6.85 Cr. QoQ.
  • FII holdings decreased (-0.02%), showing reduced foreign investor confidence.

📈 Company Positive News

  • Reported profit variation of +112% YoY suggests potential recovery signs.
  • Stable DMA levels (50 DMA at 54.3 ₹, 200 DMA at 54.4 ₹) indicate technical support.

🏭 Industry

  • Industry PE at 19.1 is much lower than IFCI’s valuation, highlighting overpricing.
  • Financial services sector growth depends on credit demand and regulatory support.
  • Competition from larger banks and NBFCs limits IFCI’s market positioning.

🔎 Conclusion

  • IFCI is currently overvalued with weak ROE and declining profits.
  • Moderate ROCE and controlled debt provide some stability, but valuation risks are high.
  • Best suited for speculative investors entering below 45 ₹, while long-term conservative investors should avoid until fundamentals improve.

Would you like me to extend this into a comparative HTML report showing IFCI against IDBI and IDFC First Bank, so you can see which one offers better relative value in the financial sector?

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