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IRFC

Indian Railway Finance Corporation Limited · NSE · INE053F01010 · F&O · lot 5,425 · 272 sessions on record
₹77.06▼ −2.22 · −2.8%from ₹79.28 the session before · 1 Oct 2026 close · NSE end of day
Open
₹78.70
High
₹78.92
Low
₹76.51
Day's range
₹2.43.0% of the previous close
VWAP
₹77.60close −0.69% from it
Volume, shares
1.3 cr1.38× the 20-session average
Turnover, ₹ crore
99
Trades
70,000180 shares per trade
Previous close
₹79.28−2.22 to the close
Price band, next session
₹69.35 – ₹84.7510% either side of the close · dynamic, widened in 5% steps when hit
Day range23% of the way up
₹76.51₹78.92
52-week range1% of the way up
₹76.51 1 Oct₹137.17 29 Dec

−44% from the high · +0.72% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days
short build-up
futures read
price −2.8% · OI +3.2%
−1.08
futures premium, ₹
−1.4% to spot ₹77.06
0.67
puts per call, by OI
by volume 0.38
80
max pain
+3.8% from the close
▲ +3.2%
futures OI on the day
+610 lots · 19,000 open

Short build-up into a 26-day expiry: futures OI +3.2% on a −2.8% day, the most call OI sits at 80, the most put OI at 75, max pain 80.

Futures and options

1 Oct close · lot 5,425 · NSE end of day

IRFC futures closed at ₹75.98, −1.4% to spot, with 90% of open interest in the 27 Oct contract, and the 77 straddle prices a move of about ±6.7% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹77.06
Futures by expiry, basis against the spot close ₹77.06
ExpiryClose ₹Basis ₹ · %Annualised %OI lots · on the dayShare of OI %Contracts traded
27 Oct26 days₹75.98−1.08−1.4%−20%17,000▲ +2.2% · +380 lots901,900
23 Nov53 days₹74.80−2.26−2.9%−20%1,700▲ +6.0% · +98 lots8.9480
29 Dec89 days₹74.74−2.32−3.0%−12%230▲ +122.1% · +130 lots1.2160

10% of futures OI sits beyond the 27 Oct contract · 39 of 58 listed contracts traded · 12,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 77 straddle closed at ₹5.18 (call 2.06 + put 3.12), pricing a move of about ±6.7% by the 27 Oct expiry. In the last 253 windows of 19 sessions, IRFC moved more than that 99 times.

Call OI, lots
10,0005.6 cr shares
Put OI, lots
6,9003.7 cr shares
Puts per call, by OI
0.67by volume 0.38
Max pain
80+3.8% from the close
Contracts traded
39 of 58listed for this expiry
Open interest by strike, lotstop three strikes each side
Calls
Strike
Puts
108
700
1,900
90
1,400
85
2,000
80
1,200
75
1,200
Open interest added on the day, lotsthree largest additions each side
Calls
Strike
Puts
+150
90
+170
80
+120
78
76
+120
70
+75
64
+52
Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close
272 sessions on file · from 28 Aug
IRFC close and futures open interest over the last 126 sessions, with Nifty 50 rebased to the first close69.7988.28106.77axis spans 53%Nifty 50IRFC1 Apr6 Jul1 OctFutures open interest, lotspeak 25,000126 sessions from 1 Apr to 1 Oct; the price axis spans 53 percent.

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 8 bulletins, IRFC closed higher five sessions later in 0 of 8.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
BulletinDay of the news1 session later5 sessions laterFutures OI on the day
15 JulIndian firms' ECB proposals rise 25.8% to $4.73 billion in May▼ −0.5%Nifty 0.0% · −0.5 pp▼ −0.5%Nifty +1.1% · −1.6 pp▼ −2.1%Nifty −0.9% · −1.2 pp▲ +3.6%short build-up
30 JunIRFC shares decline as OFS raises ₹2,084 crore▼ −0.1%Nifty −0.3% · +0.3 pp▲ +0.6%Nifty +0.3% · +0.4 pp▼ −0.8%Nifty +1.9% · −2.6 pp▲ +0.5%short build-up
25 JunMarket roundup: IRFC OFS opens, Bharti Airtel growth▼ −1.3%Nifty −0.5% · −0.8 pp▼ −1.4%Nifty −0.8% · −0.6 pp▼ −1.7%Nifty +1.6% · −3.2 pp▲ +0.9%short build-up
25 JunIRFC share drops nearly 6% amid government OFS▼ −0.8%Nifty +0.1% · −0.9 pp▼ −2.0%Nifty −0.3% · −1.7 pp▼ −2.1%Nifty +1.0% · −3.1 pp▼ −6.2%long unwinding
24 JunIRFC shares fall nearly 6% as government launches OFS▼ −0.8%Nifty +0.1% · −0.9 pp▼ −2.0%Nifty −0.3% · −1.7 pp▼ −2.1%Nifty +1.0% · −3.1 pp▼ −6.2%long unwinding
26 MayIRFC plans $2 billion ECB fundraise for infrastructure▼ −1.2%Nifty −0.5% · −0.7 pp▼ −1.3%Nifty −0.5% · −0.7 pp▼ −4.7%Nifty −2.6% · −2.1 pp▲ +3.0%short build-up
25 MayIRFC shares rise 3% after ₹13,527 cr refinancing deal▼ −1.2%Nifty −0.5% · −0.7 pp▼ −1.3%Nifty −0.5% · −0.7 pp▼ −4.7%Nifty −2.6% · −2.1 pp▲ +3.0%short build-up
25 MayIRFC raises USD 1.1 billion for railway projects▼ −1.2%Nifty −0.5% · −0.7 pp▼ −1.3%Nifty −0.5% · −0.7 pp▼ −4.7%Nifty −2.6% · −2.1 pp▲ +3.0%short build-up
8 of 22 bulletins

Quarterly results

standalone · latest filed 30 Jul, 02:48 pm IST · NSE filings

Revenue ₹8,261 cr, +19% on a year earlier; profit ₹1,927 cr, +10% in the Jun 2026 quarter, standalone.

Last 8 quarters, standalone₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session
Quarterly results of IRFC on the standalone basis with the market's move on the first session after each filing
QuarterRevenue ₹ crRevenue YoYProfit ₹ crProfit YoYEPS ₹Market on the day
Jun 2026filed 30 Jul₹8,261 cr▲ +19%₹1,927 cr▲ +10%1.47▼ −0.2%Nifty +0.3% · −0.5 pp
Mar 2026filed 14 May · audited₹7,336 cr▲ +9.1%₹1,684 cr▲ +0.15%1.29▼ −1.3%Nifty −0.2% · −1.1 pp
Dec 2025filed 19 Jan₹6,661 cr▼ −1.5%₹1,802 cr▲ +11%1.38▼ −4.0%Nifty −1.4% · −2.6 pp
Sept 2025filed 15 Oct₹13,287 cr▲ +93%₹3,523 cr▲ +120%2.70▼ −0.1%Nifty +1.0% · −1.2 pp
Jun 2025filed 22 Jul₹6,915 cr▲ +2.2%₹1,746 cr▲ +11%1.34▲ +3.1%Nifty +0.6% · +2.5 pp
Mar 2025filed 28 Apr · audited₹6,723 cr▲ +3.9%₹1,682 cr▼ −2.1%1.29▼ −1.3%Nifty +1.2% · −2.5 pp
Dec 2024filed 20 Jan₹6,763 cr▲ +0.27%₹1,631 cr▲ +1.6%1.25▲ +0.3%Nifty +0.6% · −0.3 pp
Sept 2024filed 4 Nov₹6,900 cr▲ +2.0%₹1,613 cr▲ +4.0%1.23▼ −1.2%Nifty +0.9% · −2.1 pp
By financial yearApril to March · each year the sum of its four quarters as filed, standalone · EPS summed across the quarters · only complete years
Financial-year results of IRFC on the standalone basis, summed from the quarters filed
YearRevenue ₹ crRevenue YoYProfit ₹ crProfit YoYEPS ₹
FY26to Mar 2026₹34,200 cr▲ +26%₹8,755 cr▲ +35%6.71
FY25to Mar 2025₹27,152 cr▲ +1.8%₹6,502 cr▲ +1.1%4.98
FY24to Mar 2024₹26,666 cr—₹6,428 cr—4.95

Fundamentals

standalone · filings to Jun 2026 · close ₹77.06 on 1 Oct

IRFC trades at 11 times trailing earnings against 5.9 for its industry, 1.8 times book value, revenue +30% over twelve months, a 5.5% dividend yield, market cap ₹1,00,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing
Market cap
₹1,00,000 cron 1 Oct · free float ₹17,000 cr
Price to earnings
11standalone · four quarters to Jun 2026 · industry 5.9
Trailing EPS
₹6.84diluted · standalone · four quarters to Jun 2026
Price to book
1.8standalone · balance sheet to Mar 2026
Book value a share
₹43.42standalone · balance sheet to Mar 2026 · over NSE's share count
Debt to equity
3.1borrowings over equity · standalone · balance sheet to Mar 2026
Return on equity
16%trailing profit over average equity · standalone
Dividend yield
5.5%₹4.20 a share in 365 days
Face value
₹10a share
Shares outstanding
1,307 cron 1 Oct
Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · standalone
Revenue, trailing 12 months
₹35,546 crfour quarters to Jun 2026
Revenue growth, 12 months
▲ +30%against the twelve months before
Revenue 3-year CAGR
▲ +13%trailing twelve months against the twelve months 3 years earlier · standalone
Profit, trailing 12 months
₹8,936 crfour quarters to Jun 2026
Profit growth, 12 months
▲ +34%against the twelve months before
Profit 3-year CAGR
▲ +13%trailing twelve months against the twelve months 3 years earlier · standalone
PeersBSE sub-group Financial Institution · F&O stocks with filings on record · industry P/E 5.9, market caps over trailing profit of 4 stocks
Stocks in the BSE sub-group Financial Institution with market cap, price to earnings and price to book
StockMarket cap ₹P/EP/BClose ₹
PFCPower Finance Corporation Limited1,00,000 cron 1 Oct4.0consolidated0.61₹318.00
IRFCIndian Railway Finance Corporation Limited1,00,000 cron 1 Oct11standalone1.8₹77.05
RECLTDREC Limited76,000 cron 1 Oct4.7consolidated0.89₹287.75
HUDCOHousing & Urban Development Corporation Limited32,000 cron 1 Oct—1.5₹161.55
IREDAIndian Renewable Energy Development Agency Limited31,000 cron 1 Oct16consolidated2.3₹111.00
IFCIIFCI Limited18,000 cron 1 Oct—1.1₹65.15
TFCILTDTourism Finance Corporation of India Limited6,400 cron 1 Oct—4.9₹138.80

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 82.9%, foreign portfolio investors 1.2%, mutual funds 0.3% and insurance companies 3.6%, as filed for the quarter to 30 Jun.

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file
Shareholding of IRFC by category over the last 5 quarters with the change against the previous quarter
Category30 Jun31 Mar31 Dec30 Sept30 Jun
Promoters82.90▼ −1.75 pp84.65▼ −1.71 pp86.360.00 pp86.360.00 pp86.36
Foreign portfolio investors1.17▲ +0.01 pp1.16▲ +0.18 pp0.98▲ +0.01 pp0.97▲ +0.04 pp0.93
Mutual funds0.30▲ +0.03 pp0.27▼ −0.09 pp0.36▲ +0.05 pp0.31▲ +0.06 pp0.25
Insurance companies3.59▲ +1.03 pp2.56▲ +1.44 pp1.120.00 pp1.12▼ −0.03 pp1.15
Banks and financial institutions0.09▲ +0.03 pp0.060.00 pp0.06▲ +0.01 pp0.050.00 pp0.05
Individual investors11.47▲ +0.56 pp10.91▲ +0.14 pp10.77▼ −0.06 pp10.83▲ +0.05 pp10.78
Bodies corporate0.18▲ +0.05 pp0.13▲ +0.01 pp0.12▼ −0.02 pp0.14▼ −0.01 pp0.15
Others0.30▲ +0.04 pp0.26▲ +0.03 pp0.23▲ +0.01 pp0.22▼ −0.11 pp0.33

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹1.05 a share, ex-date 13 Mar 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios
Corporate actions of IRFC, upcoming first, then the most recent
Ex-dateActionAmount or ratioRecord dateSource
recent
13 Mar 2026dividend₹1.0513 Mar 2026BSE
24 Oct 2025dividend₹1.0524 Oct 2025BSE
21 Mar 2025dividend₹0.8021 Mar 2025BSE
12 Nov 2024dividend₹0.8012 Nov 2024BSE
23 Aug 2024otherAnnual General Meeting——NSE
22 Aug 2024dividend₹0.7022 Aug 2024BSE
10 Nov 2023dividend₹0.8010 Nov 2023BSE
Calendaras notified to the exchange
Next results
—no board meeting notified yet
Dividends in 365 days
₹4.20a share · ex-dates inside the year
Last dividend
₹1.05ex-date 13 Mar 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

IRFC is −6.6% over 20 sessions against Nifty's −6.2%, 44% below its 52-week high, realised volatility 22% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions
Returns of the stock and Nifty 50 over six windows, longest first
WindowFrom ₹IRFC %Nifty 50 %Difference pp
250 sessionssince 26 Sept₹121.91▼ −37%▼ −9.1%−28
120 sessionssince 9 Apr₹98.49▼ −22%▼ −5.7%−16
60 sessionssince 8 Jul₹87.50▼ −12%▼ −6.1%−5.8
20 sessionssince 2 Sept₹82.48▼ −6.6%▼ −6.2%−0.33
5 sessionssince 24 Sept₹79.86▼ −3.5%▼ −2.8%−0.73
1 sessionsince 30 Sept₹79.28▼ −2.8%▼ −0.88%−1.9
Averages of the closeclose against each average
5-session average
₹79.02close −2.5% from it
20-session average
₹80.48close −4.2% from it
50-session average
₹84.39close −8.7% from it
200-session average
₹99.33close −22% from it
Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average
Average true range, 14
₹1.82.4% of the close
Average day's range, 20
₹1.62.0% of the close
Volume against 20 sessions
1.38×1.3 cr vs 95 L average
Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell
Realised volatility, 20
22%≈ ±1.4% a session · moved more than that on 6 of 20
Realised volatility, 60
17%≈ ±1.1% a session · moved more than that on 19 of 60
Realised volatility, 250
29%≈ ±1.8% a session · moved more than that on 51 of 250
Beta to Nifty, 60
1.12moved with Nifty on 41 of 60 sessions
Beta to Nifty, 250
1.33moved with Nifty on 182 of 250 sessions
Up and down sessionscloses above and below the previous close
Last 20 sessions
8 up · 12 downof 20
Last 60 sessions
22 up · 37 downof 59
Last 250 sessions
105 up · 144 downof 249
Best session, 250
▲ +10%26 Dec
Worst session, 250
▼ −6.2%24 Jun

Indian Railway Finance Corporation Limited is in 15 NSE indices

all 15 indices

22 bulletins on IRFC

latest 15 Jul 2026

Beats in the coverage

Often mentioned with

July 2026

Indian firms' ECB proposals rise 25.8% to $4.73 billion in MayThe Reserve Bank of India reported a 25.8% rise in ECB proposals to over $4.73 billion in May, led by Indian Railway Finance Corporation's $1.11 billion and NTPC's $750 million requests. This surge indicates strong NRI interest in higher returns from ECBs.Medium

June 2026

IRFC shares decline as OFS raises ₹2,084 croreIRFC shares dropped 1.3% to ₹90.61 following a successful Offer for Sale that raised ₹2,084 crore. The greenshoe option was triggered, showing strong demand, while the order book indicates a seller-dominated market.Medium Market roundup: IRFC OFS opens, Bharti Airtel growthIndian equity markets are set for a positive start, driven by the IRFC OFS opening at ₹91 per share and strong institutional interest. Bharti Airtel's credit rating upgrade to 'BBB+' and Adani Power's capital expansion plans are also in focus.Medium IRFC share drops nearly 6% amid government OFSIRFC shares declined 5.7% following the government's offer-for-sale to sell up to 2% stake at ₹91 per share, a 7.5% discount. The OFS is expected to impact stock prices as additional shares enter the market.Medium IRFC shares fall nearly 6% as government launches OFSIRFC shares fell 5.7% as the government launched an offer-for-sale to sell up to 2% stake at ₹91 per share, a 7.5% discount to the previous close. Increased supply may weigh on stock prices in the near term.Medium

May 2026

IRFC plans $2 billion ECB fundraise for infrastructureIRFC plans to raise $2 billion through external commercial borrowings to support infrastructure financing. The initiative includes a secured $1.1 billion loan agreement with banks, part of a ₹70,000 crore resource mobilization program for FY27.High IRFC shares rise 3% after ₹13,527 cr refinancing dealIRFC shares rose nearly 3% after securing a ₹13,527-crore refinancing deal with L&T Metro Rail Hyderabad. This agreement aims to enhance financial flexibility and support future metro expansion plans.High IRFC raises USD 1.1 billion for railway projectsIRFC secured USD 1.1 billion through an External Commercial Borrowing agreement with major banks, marking its first overseas borrowing in FY 2026-27. This funding aims to enhance railway infrastructure projects in India.High IRFC to raise USD 2 billion through ECB for infrastructureIndian Railway Finance Corporation plans to raise USD 2 billion through external commercial borrowing to fund its ₹70,000 cr resource mobilization plan. A loan agreement for JPY equivalent USD 1.1 billion has been signed, with disbursements expected by June.High IRFC secures USD 1.1 billion ECB for railway projectsIRFC signed a USD 1.1 billion ECB agreement with a consortium of banks to fund railway infrastructure projects. This marks its first overseas borrowing for FY 2026-27, with a 5-year tenor and linked to the Tokyo Overnight Average Rate.High IRFC secures USD 1.1 billion ECB for railway projectsIndian Railway Finance Corporation signed a USD 1.1 billion ECB agreement with a consortium of banks, including State Bank of India and HDFC Bank, to fund railway infrastructure projects. This marks IRFC's first overseas borrowing in FY 2026–27.High

March 2026

IRFC shares rise 4% on ₹12,842 cr refinancing dealIRFC shares rose over 4% following a ₹12,842 cr refinancing deal with HURL. This agreement marks a strategic shift for IRFC towards broader infrastructure financing, enhancing its assets under management, which exceeded ₹4.75 lakh cr as of early 2026.High IRFC shares rise 4% on ₹12,842 cr refinancing dealIRFC shares rose over 4% following a ₹12,842 crore refinancing deal with HURL, marking a strategic shift towards broader infrastructure financing. The deal is expected to enhance IRFC's assets under management, which stood at over ₹4.75 lakh crore.High IRFC signs ₹12,842 crore loan deal with HURLIRFC signed a ₹12,842 crore refinancing deal with HURL to support its long-term debt. This initiative aims to enhance financial efficiency in key infrastructure sectors, particularly fertilizers, reflecting IRFC's commitment to strategic financing.High IRFC refinances ₹12,842 crore loan for HURLIRFC executed a ₹12,842 crore refinancing deal with HURL to support agricultural sustainability and enhance operational efficiency. This move aligns with IRFC's vision to strengthen sectors linked to railways.High

December 2025

IRFC shares surge 10% amid railway capex optimismIRFC shares surged nearly 10% to ₹134.59 on the NSE, driven by a fare hike effective December 26 and increased investor interest ahead of the budget. This rally reflects optimism in the railway sector's financial health.High Railway stocks surge ahead of Union Budget 2026Rail Vikas Nigam surged 9.16% and RailTel Corporation rose 6.63% as railway stocks rallied ahead of the Union Budget 2026. Market expectations for increased capital expenditure on rail infrastructure are driving this positive sentiment.High IRFC shares rise over 5% after ₹9,821 crore loan dealIRFC shares rose over 5% after securing a ₹9,821 crore loan deal with DFCCIL to refinance foreign currency debt for the Eastern Dedicated Freight Corridor project. This agreement strengthens domestic infrastructure financing.High Railway stocks surge ahead of Union Budget 2026Railway stocks rallied with Rail Vikas Nigam up 9.16% and RailTel Corporation rising 6.63%. Market expectations for increased government capital expenditure on rail infrastructure ahead of the Union Budget 2026 support this upward trend.Medium IRFC refinances ₹9,821 crore World Bank loan saving ₹2,700 croreIRFC refinanced ₹9,821 crore World Bank loan for the Eastern Dedicated Freight Corridor project, saving ₹2,700 crore in interest. This agreement, signed on 23 Dec 2023, highlights a key advancement in India's infrastructure financing.High IRFC plans to leverage low-cost foreign debt for growthMedium IRFC raises ₹2,981 crore through bond issueHigh

About Indian Railway Finance Corporation Limited

exchange masters as of 18 Sept 2026 · classification by BSE
Company
Indian Railway Finance Corporation Limited
Exchange
NSE · BSE 543257, group A
Listed on NSE
29 Jan 2021
Classification
Financial Services › Finance › Financial Institution
Index
BSE 200
Face value
₹10 a share
ISIN
INE053F01010
Sessions on record
272
Price source
NSE UDiFF bhavcopy · end of day · delayed
Filings
NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed
2 Oct, 12:53 am IST
Bulletins
22 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.