IRFC Share Price Surges 9% in 3 Days After Navratna Status

Indian Railway Finance Corporation (IRFC) shares have surged 9.2% in the last 3 sessions. The stock gained momentum after the government granted IRFC the prestigious Navratna status, a key milestone for the company. This recognition strengthens IRFC’s position as a major contributor to India’s railway infrastructure.

IRFC was previously classified as a Mini-Ratna Category-I company in March 2018. The stock was listed on exchanges in January 2021 at an IPO price of ₹26, which has now risen to around ₹140.

IRFC’s Financial Strength

CMD & CEO Manoj Kumar Dubey highlighted that achieving Navratna status reflects IRFC’s strong financial position and commitment to India’s railway growth.

As per its latest filings, IRFC reported:
Revenue: Over ₹26,600 crore (FY 2024)
Net Profit: More than ₹6,400 crore (FY 2024)
Market Capitalisation: Over ₹2 lakh crore (as of Dec 31, 2024)

Key Role in Indian Railways

• IRFC finances nearly 80% of rolling stock for Indian Railways.
• It was the first CPSE to issue a 30-year bond in global markets.
• Assets Under Management (AUM): ₹4.61 lakh crore
• Net Worth: ₹52,000 crore
• Total Balance Sheet Size: ₹4.81 lakh crore

IRFC’s strong financials and Navratna’s status could further boost investor confidence in the stock.

About Indian Railway Finance Corporation (IRFC)

Indian Railway Finance Corporation (IRFC) is a government-owned public sector enterprise that secures funding for the development and operation of railway infrastructure. It raises capital through financial markets and other borrowing channels. The company operates under the administrative control of the Ministry of Railways, with the Government of India holding a majority stake.

As of March 6, 12:26 PM IST, IRFC share price is trading at ₹120.25, up by ₹2.52 or 2.14% for the day. The stock opened at ₹119.51, reached a high of ₹121.38, and touched a low of ₹118.80. The stock’s 52-week high stands at ₹229.00, while its 52-week low is ₹108.04. Over the past 5 days, IRFC has gained 2%, trading at ₹120.32, up by ₹2.36.

Conclusion

With its upgraded status and solid financials, IRFC continues to play a crucial role in railway financing. The stock’s growth potential remains strong, attracting investor interest.

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