IFCI, established in 1948 and listed on BSE and NSE, is a Systematically Important Non Deposit Taking Non Banking Finance Company (NBFC-ND-SI) in the public sector. With six subsidiaries and one associate, IFCI supports diversified industrial growth, financing projects in sectors such as airports, roads, telecom, power, and real estate. Over 75 years, IFCI has financed significant projects like Adani Mundra Ports and GMR Goa International Airport. It provides Government and Corporate Advisory services, serving as a Project Management Agency for Production Linked Incentive schemes and monitoring capital subsidy schemes. IFCI also manages the Sugar Development Fund loans and contributes to entrepreneurship through a Rs. 200 crore Venture Capital Fund for Scheduled Castes, with IFCI Venture Capital Funds Ltd. as the fund manager. Additionally, it implements the “Credit Enhancement Guarantee Scheme for Scheduled Castes” to encourage SC entrepreneurship. IFCI has been instrumental in establishing market intermediaries and promoting industrial and entrepreneurial development across India.
Shareholding Patterns of IFCI Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 70.32% | 70.32% | 70.32% | 70.32% | 71.72% |
| FIIs + | 1.51% | 1.87% | 2.08% | 2.29% | 2.40% |
| DIIs + | 2.00% | 2.01% | 2.02% | 2.03% | 1.93% |
| Government + | 4.13% | 4.03% | 4.02% | 3.99% | 3.34% |
| Public + | 22.03% | 21.76% | 21.57% | 21.37% | 20.61% |
| No. of Shareholders | 5,05,969 | 5,41,937 | 5,85,670 | 8,26,079 | 8,76,318 |
The shareholding patterns of IFCI from June 2023 to June 2024 reveal a notable evolution in the composition of its investor base. The promoters have maintained a stable stake of 70.32% throughout the period until June 2024, with a slight increase to 71.72% by then. Foreign Institutional Investors (FIIs) have shown a gradual rise in their holdings, starting at 1.51% in June 2023 and increasing to 2.40% by June 2024, indicating growing confidence among international investors. Domestic Institutional Investors (DIIs) have experienced minimal fluctuation, with their stake slightly decreasing from 2.00% in June 2023 to 1.93% by June 2024. The Government’s shareholding has seen a decline from 4.13% in June 2023 to 3.34% in June 2024, reflecting reduced direct involvement. Public shareholding has also experienced a downward trend, decreasing from 22.03% in June 2023 to 20.61% by June 2024. Additionally, the number of shareholders has significantly increased, rising from 5,05,969 in June 2023 to 8,76,318 by June 2024, showcasing growing retail investor interest and participation in IFCI’s stock.
How to Purchase IFCI Ltd Shares?
Below are the trading platforms that you can use to purchase IFCI Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
IFCI Ltd Share Price Prediction: 2024 to 2030
IFCI Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 88.15 | 76.66 |
| September 2024 | 91.68 | 79.72 |
| October 2024 | 89.88 | 78.16 |
| November 2024 | 93.48 | 81.29 |
| December 2024 | 94.41 | 82.10 |
The future maximum and minimum prices of IFCI Ltd are projected to follow a steady upward trend from August to December 2024. In August 2024, the maximum price is expected to reach ₹88.15, while the minimum price is anticipated to be ₹76.66. Moving into September 2024, IFCI Ltd’s maximum price is projected to rise to ₹91.68, with a minimum price of ₹79.72. In October 2024, the maximum price is expected to be ₹89.88, and the minimum price is projected at ₹78.16. By November 2024, IFCI Ltd’s maximum price is forecasted to increase to ₹93.48, while the minimum price is expected to be ₹81.29. Finally, in December 2024, the maximum price is projected to reach ₹94.41, with a minimum price of ₹82.10.
IFCI Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 95.36 | 73.35 |
| February 2025 | 96.32 | 74.09 |
| March 2025 | 98.34 | 75.65 |
| April 2025 | 97.37 | 74.90 |
| May 2025 | 94.53 | 72.72 |
| June 2025 | 98.79 | 75.99 |
| July 2025 | 96.85 | 74.50 |
| August 2025 | 99.85 | 76.80 |
| September 2025 | 101.04 | 77.73 |
| October 2025 | 103.67 | 79.75 |
| November 2025 | 106.26 | 81.74 |
| December 2025 | 111.04 | 85.42 |
In 2025, IFCI Ltd’s share prices are expected to range as follows: January from ₹73.35 to ₹95.36, February from ₹74.09 to ₹96.32, March from ₹75.65 to ₹98.34, April from ₹74.90 to ₹97.37, May from ₹72.72 to ₹94.53, June from ₹75.99 to ₹98.79, July from ₹74.50 to ₹96.85, August from ₹76.80 to ₹99.85, September from ₹77.73 to ₹101.04, October from ₹79.75 to ₹103.67, November from ₹81.74 to ₹106.26, and December from ₹85.42 to ₹111.04.
IFCI Ltd Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 114.38 | 87.98 |
| February 2026 | 111.52 | 85.78 |
| March 2026 | 113.75 | 87.50 |
| April 2026 | 116.07 | 89.28 |
| May 2026 | 114.92 | 88.40 |
| June 2026 | 117.79 | 90.61 |
| July 2026 | 115.48 | 88.83 |
| August 2026 | 119.05 | 91.58 |
| September 2026 | 121.43 | 93.41 |
| October 2026 | 124.59 | 95.84 |
| November 2026 | 127.71 | 98.24 |
| December 2026 | 130.90 | 100.69 |
IFCI Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 132.21 | 101.70 |
| February 2027 | 135.60 | 104.31 |
| March 2027 | 140.89 | 108.37 |
| April 2027 | 138.12 | 106.25 |
| May 2027 | 134.10 | 103.15 |
| June 2027 | 140.14 | 107.80 |
| July 2027 | 137.39 | 105.68 |
| August 2027 | 141.64 | 108.95 |
| September 2027 | 146.59 | 112.76 |
| October 2027 | 150.41 | 115.70 |
| November 2027 | 154.17 | 118.59 |
| December 2027 | 158.02 | 121.55 |
IFCI Ltd Share Price Prediction2028
| When | Maximum Price | Minimum Price |
| January 2028 | 161.18 | 123.98 |
| February 2028 | 165.31 | 127.16 |
| March 2028 | 171.76 | 132.12 |
| April 2028 | 168.39 | 129.53 |
| May 2028 | 163.49 | 125.76 |
| June 2028 | 170.84 | 131.42 |
| July 2028 | 167.50 | 128.84 |
| August 2028 | 172.68 | 132.83 |
| September 2028 | 178.72 | 137.48 |
| October 2028 | 183.37 | 141.05 |
| November 2028 | 187.95 | 144.58 |
| December 2028 | 192.65 | 148.19 |
IFCI Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 196.50 | 151.15 |
| February 2029 | 201.54 | 155.03 |
| March 2029 | 209.40 | 161.08 |
| April 2029 | 205.29 | 157.92 |
| May 2029 | 199.31 | 153.32 |
| June 2029 | 208.28 | 160.22 |
| July 2029 | 204.20 | 157.08 |
| August 2029 | 210.52 | 161.93 |
| September 2029 | 217.88 | 167.60 |
| October 2029 | 223.55 | 171.96 |
| November 2029 | 229.14 | 176.26 |
| December 2029 | 234.87 | 180.67 |
IFCI Ltd Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 239.56 | 184.28 |
| February 2030 | 245.71 | 189.00 |
| March 2030 | 255.29 | 196.38 |
| April 2030 | 250.28 | 192.52 |
| May 2030 | 242.99 | 186.92 |
| June 2030 | 253.93 | 195.33 |
| July 2030 | 248.95 | 191.50 |
| August 2030 | 256.65 | 197.42 |
| September 2030 | 265.63 | 204.33 |
| October 2030 | 272.54 | 209.64 |
| November 2030 | 279.35 | 214.88 |
| December 2030 | 286.33 | 220.26 |
In 2030, IFCI Ltd’s stock prices are expected to fluctuate monthly. In January, prices are projected to be between ₹239.56 and ₹184.28. February’s expected range is ₹245.71 to ₹189.00. March’s projected prices are ₹255.29 to ₹196.38. In April, prices are expected to be ₹250.28 to ₹192.52. May’s projected range is ₹242.99 to ₹186.92. In June, prices are expected to be between ₹253.93 and ₹195.33. July’s projected range is ₹248.95 to ₹191.50. In August, prices are expected to be ₹256.65 to ₹197.42. September’s projected range is ₹265.63 to ₹204.33. October is expected to see prices between ₹272.54 and ₹209.64. November’s projected range is ₹279.35 to ₹214.88, and December’s prices are expected to peak between ₹286.33 and ₹220.26.
Financial Condition of IFCI Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 2,880 | 2,082 | 1,556 | 1,490 | 1,987 |
| Expenses + | 1,463 | 2,961 | 2,108 | 776 | 715 |
| Operating Profit | 1,417 | -879 | -553 | 714 | 1,272 |
| OPM % | 49% | -42% | -36% | 48% | 64% |
| Other Income + | 21 | 14 | 39 | 28 | 131 |
| Interest | 1,451 | 1,147 | 943 | 642 | 571 |
| Depreciation | 81 | 72 | 66 | 74 | 81 |
| Profit before tax | -94 | -2,085 | -1,523 | 26 | 751 |
| Tax % | 137% | -8% | 16% | 559% | 68% |
| Net Profit + | -223 | -1,912 | -1,761 | -120 | 241 |
| EPS in Rs | -1.36 | -10.24 | -8.71 | -0.95 | 0.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Over the past five years, IFCI’s financial performance has displayed significant fluctuations, reflecting both challenges and improvements. Sales initially decreased from ₹2,880 crore in March 2020 to a low of ₹1,490 crore in March 2023, before rebounding to ₹1,987 crore in March 2024. Expenses exhibited volatility, peaking at ₹2,961 crore in March 2021 and then sharply decreasing to ₹715 crore in March 2024. Operating profit varied considerably, with a high of ₹1,417 crore in March 2020, dropping to negative figures in 2021 and 2022, and recovering to ₹1,272 crore in March 2024. This volatility is mirrored in the Operating Profit Margin (OPM), which reached 64% in March 2024 after a low of -42% in March 2021. Other income remained relatively modest but increased to ₹131 crore in March 2024. Interest expenses consistently decreased from ₹1,451 crore in March 2020 to ₹571 crore in March 2024, indicating a reduction in debt servicing costs. Depreciation remained stable around ₹70-81 crore annually. The company’s profit before tax (PBT) improved from a loss of ₹-94 crore in March 2020 to a profit of ₹751 crore in March 2024. Net profit followed a similar trend, moving from a loss of ₹-223 crore in March 2020 to a profit of ₹241 crore in March 2024, with corresponding changes in Earnings Per Share (EPS) from ₹-1.36 to ₹0.47. Despite these improvements, the dividend payout remained at 0% throughout the period, likely reflecting a focus on reinvestment and debt reduction. Overall, IFCI has shown resilience and a path to recovery, highlighted by its return to profitability and improved operating margins.
FAQS
What is the current share price of IFCI Ltd?
As of July 26th, 2024, the current share price of IFCI Ltd is ₹83.9.
What is the share price target for IFCI Ltd for 2025?
According to market analysts and financial experts, the share price target for IFCI Ltd for 2025 is estimated to be between ₹72.72 to ₹111.04.
What is IFCI Ltd share price target for 2030?
As per our analysis, IFCI Ltd share price target for 2030 would be somewhere between ₹184.28 and ₹286.33.
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Conclusion
In conclusion, IFCI Ltd has demonstrated remarkable resilience and recovery over recent years, with a promising outlook ahead. The company’s strategic initiatives in financing key infrastructure projects, managing government and corporate advisory services, and promoting inclusive entrepreneurship have solidified its position as a significant player in the financial sector. The increasing confidence of international investors, stable promoter stakes, and growing retail investor interest reflect a positive sentiment towards IFCI’s stock. Financial performance has shown substantial improvement, with sales and operating profits rebounding and operating margins reaching healthy levels. Projected share prices for 2025 and 2030 further highlight the company’s growth potential, indicating a strong upward trend. Overall, IFCI Ltd is well-positioned for sustained growth and value creation, making it a promising investment for the future.
Please note: The article “IFCI Ltd price target 2024 to 2030′ is not a recommendation. Please use it for educational purposes only and consult a financial advisor before investing in IFCI Ltd.
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