Sunday, July 30, 2023

Indian Railway Finance Corporation Ltd (543257 )- यात्रीगण कृपया ध्यान दें

Indian Railway Finance Corporation Ltd  (543257 ) closes   at ₹35.06  with  a   Gain  of   +0.70%%   on    28-July-2023  with formation of  a   long-legged doji candle  on Daily  Price Chart.

About the Company : Incorporated in 1986, Indian Railway Finance Corporation borrows funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways as finance lease.

Sector Update :  Positive

Refinitiv  Average Score : 06/ 10

Financials : Indian Railway Finance Corporation Ltd  has posted Net Sales / Revenue   of ₹23892 Cr & Net Profit of   ₹6314.30 Cr in FY2023 and expected to post Net Sales / Revenue   of ₹272369.00 Cr  & Net Profit of ₹6937.80 Cr in FY2024, Net Sales / Revenue   of ₹310500.00 Cr  & Net Profit of ₹7914.80Cr in FY2025 and Net Sales / Revenue   of ₹353971.00 Cr  & Net Profit of ₹9029.20 Cr in FY2026.

Valuations  : The Company is now Trading at X0.70 of its  valuations of  FY2023 (Last 4 Quarters ) earnings with ~30% discount  ;  at X0.47 of its FY2024 earnings with ~53%  Discount ; at X0.41 of its FY2025 earnings with ~59%  Premium  and at X0.36 of its FY2026 earnings with ~64%  Discount .

 Book Value Per Share  will  improve from ₹34.80 in FY2023 to ₹50.70 in FY2026  and RoE(change) from 13.9%% to 13.60% during the same period.

Early Trend : The government, in the forthcoming budget, is also likely to propose laying 100,000 km of new railway tracks over the next 25 years. And also, complete the electrification of the entire rail network. IRFC's cumulative funding to rail sector has crossed Rs.5 trillion by March 2022. The funds are utilized for acquiring rolling stock assets and also building up infrastructure, of Indian Railways.

MF/FII : Baroda BNP Paribas Flexi Cap Fund Regular Growth was the highest buyer of 3,000,000 shares in Jun 2023 constituting 0.02% of the paid up equity of the company

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  1.6 which  makes is attractive.The  Equity Value Per Share ( Enterprise Value Method ) is  ₹34.60

If We factor its FY2026 earnings/valuations, its Price arrives at ₹96.80

Disclaimer : We are / may going to take exposure shortly.

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Data Source | NSE Website | Screener.In  | Capital Line | Money Control |Refinitiv |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext  Manage your investments the right way With MProfit. Visit https://www.mprofit.inUse Our Referral Link to Get 20% DISCOUNT @ https://www.mprofit.in/buy?referral=R1GD99J496AB1345D

 


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