# IFCI (IFCI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ifci

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹76.7
- Change: -0.51%
- As of: 2026-09-18
- 1D return: -0.75%
- 5D return: -10.15%
- 1M return: -6.42%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, IFCI's stock is trading at ₹76.51, with a technical stance that shows conflicting signals across different timeframes. The daily timeframe indicates a bearish trend, with the price below key moving averages like the 20-day EMA (₹83.83) and the 50-day SMA (₹79.67), and the Supertrend indicator pointing downwards. This is further supported by recent anomalies including a "downward gap" on September 11, 2026, and a "wide intraday range" on September 8, 2026. In contrast, the weekly and monthly timeframes present a more bullish picture. The weekly trend shows the price above the 20-day EMA (₹76.64) and the Supertrend indicator is bullish. Similarly, the monthly trend indicates the price is above the 20-day EMA (₹63.87) and the Supertrend is also bullish. This divergence suggests short-term weakness within a potentially longer-term uptrend. The stock is currently trading near its nearest support level of ₹74.54, which is approximately 2.57% below the current price. The nearest resistance is at ₹77.76, about 1.63% higher. The stock has experienced a current drawdown of -25% and an annualized volatility of 55%. Active patterns include a "Bearish Engulfing Reversal" on the monthly chart and an "Inside Bar" on the daily chart as of September 18, 2026.

- Daily trend is bearish (price below 20-day EMA of ₹83.83, 50-day SMA of ₹79.67, and Supertrend at 92.92).
- Weekly and monthly trends are bullish (price above 20-day EMA and Supertrend indicators).
- Nearest support is at ₹74.54 (2.57% below current price).
- Nearest resistance is at ₹77.76 (1.63% above current price).
- Watch for a break below ₹74.54 to confirm daily bearish trend continuation, or a move above ₹77.76 to challenge the short-term weakness.

- Bearish Engulfing Reversal
- Inside Bar
- Harami
- Evening Star

### News Context

On September 17, 2026, IFCI's shares saw a notable increase of 7.8%, alongside volatility, reportedly influenced by market developments surrounding the National Stock Exchange (NSE) IPO buzz. Technical analysts observed potential support and resistance levels, suggesting ongoing trend fluctuations. This movement occurred in the context of a broader market event, with the NSE IPO news also lifting other financial sector stocks.

- IFCI shares rose 7.8% on September 17, 2026, amid NSE IPO buzz.
- Technical analysts noted potential support and resistance levels for IFCI, indicating fluctuating trends.
- The stock's movement was influenced by broader market developments related to the NSE IPO.

- Soach Global set for nearly 25x gains in partial exit from NSE; to sell 20% stake in IPO
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?

### What Changed

As of September 18, 2026, IFCI's share price has seen a slight decrease, closing at ₹76.51 compared to ₹77.09 previously. No significant new filings or news directly impacting IFCI were reported in the recent period. A news item mentioned the National Stock Exchange (NSE) IPO plans for Soach Global, which is set to sell a 20% stake, but this does not appear to be a direct development for IFCI itself. The company's continuing context remains its listing on the NSE.

- IFCI's closing price on September 18, 2026, was ₹76.51, down from a previous close of ₹77.09.
- No new filings or corporate announcements for IFCI were noted in the recent period.
- A news report on September 18, 2026, discussed Soach Global's plans for a partial exit from NSE via an IPO, involving the sale of a 20% stake.
- IFCI continues to be listed on the NSE.

- Soach Global set for nearly 25x gains in partial exit from NSE; to sell 20% stake in IPO

### Official Filings

IFCI Limited's recent disclosures center on upcoming governance changes and the appointment of a new statutory auditor. The company is preparing for its 33rd Annual General Meeting (AGM) on September 25, 2026, where shareholders will vote on several key matters. A significant item is the proposed appointment of Shri Dilip Singh Punia as an Independent Director, a move initiated by the Government of India. Shareholders will also consider the adoption of financial statements for the year ended March 31, 2026, and the remuneration of statutory auditors. Separately, Dhawan & Co. has been appointed as the statutory auditor for the financial year 2026-2027, effective September 8, 2026. In credit rating news, ICRA Limited reaffirmed IFCI's ratings on September 14, 2026, maintaining a 'B+' for fund-based and long-term bonds, and 'A4' for commercial paper, with the ratings remaining under watch with developing implications.

- Shri Dilip Singh Punia was appointed as an Additional and Independent Director effective September 11, 2026, for a three-year term, subject to shareholder approval at the AGM on September 25, 2026.
- The 33rd AGM on September 25, 2026, will include voting on the appointment of Shri Dilip Singh Punia as an Independent Director (Item No. 5), adoption of financial statements for the year ended March 31, 2026, and fixing statutory auditor remuneration.
- M/s Dhawan & Co. was appointed as the statutory auditor for the financial year 2026-2027, effective September 8, 2026.
- ICRA Limited reaffirmed IFCI Limited's credit ratings on September 14, 2026: 'B+' for fund-based and long-term bonds, and 'A4' for commercial paper, with ratings under watch with developing implications.
- Remote e-voting for the AGM business, including the appointment of Shri Punia, is scheduled from September 22, 2026, to September 24, 2026.

- IFCI Limited has informed the Exchange about Copy of Newspaper Publication - Notice to shareholders |SUBJECT: Copy of Newspaper Publication
- IFCI Limited has informed the Exchange about Addendum to the Notice of 33rd Annual General Meeting (AGM) scheduled on September 25, 2026. |SUBJECT: Addendum
- IFCI Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 25-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- IFCI Limited has informed the Exchange regarding Appointment of Mr Dilip Singh Punia (DIN: 11943788) as Non- Executive Independent Director of the company w.e.f. September 11, 2026. |SUBJECT: Appointment
- IFCI Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- IFCI Limited has informed the Exchange about Credit Rating Reaffirmed - ICRA Limited |SUBJECT: Credit Rating- Others
- IFCI Limited has informed the Exchange regarding Appointment of M/s Dhawan & Co as Statutory Auditor of the company for FY 2026-27 w.e.f. September 08, 2026. |SUBJECT: Appointment
- IFCI Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- IFCI Limited has informed the Exchange about Copy of Newspaper Publication regarding the Notice of 33rd AGM |SUBJECT: Copy of Newspaper Publication
- IFCI Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026 |SUBJECT: Shareholders meeting

### Fundamentals

IFCI's recent operating performance shows a mixed trend across its reported periods. Revenue from operations decreased to ₹327.06 crore in Q1 FY2026-27 from ₹470.43 crore in Q4 FY2025-26. Similarly, total income also saw a decline, reported at ₹357.73 crore in Q1 FY2026-27 compared to ₹470.55 crore in Q4 FY2025-26. This decrease in income was accompanied by a significant reduction in expenses, which fell to ₹262.44 crore in Q1 FY2026-27 from ₹439.04 crore in Q4 FY2025-26. Interest earned remained relatively stable, with ₹113.28 crore in Q1 FY2026-27, slightly lower than ₹113.11 crore in Q3 FY2025-26 but down from ₹153.40 crore in Q4 FY2025-26. Finance costs have been consistent, hovering around ₹102 crore to ₹103 crore across the observed quarters. Other expenses have shown a downward trend, from ₹86.71 crore in Q3 FY2025-26 to ₹77.48 crore in Q1 FY2026-27. The key monitoring areas for IFCI would be the sustainability of its revenue streams and the impact of its expense management on overall profitability, especially given the fluctuations in revenue from operations.

- Revenue from operations for IFCI was ₹327.06 crore in Q1 FY2026-27, a decrease from ₹470.43 crore in Q4 FY2025-26.
- Total income decreased to ₹357.73 crore in Q1 FY2026-27 from ₹470.55 crore in Q4 FY2025-26.
- Expenses were reduced to ₹262.44 crore in Q1 FY2026-27, down from ₹439.04 crore in Q4 FY2025-26.
- Interest earned stood at ₹113.28 crore in Q1 FY2026-27, compared to ₹153.40 crore in Q4 FY2025-26.
- Finance costs remained stable, reported at ₹103.75 crore in Q1 FY2026-27.

### Bull Case

IFCI's stock experienced a notable price increase of 7.8% on September 18, 2026, coinciding with market buzz around the National Stock Exchange (NSE) Initial Public Offering (IPO). While technical indicators show a mixed picture with a bearish daily trend (ADX 27.58, EMA 20 below closing price), the monthly trend exhibits bullish signals (ADX 26.37, EMA 20 above closing price, Supertrend direction bullish). The stock has demonstrated positive returns over longer periods, including a 29% return in the last year and a 44% year-to-date return, suggesting a recovery or growth phase. However, recent short-term returns have been negative, and the stock is currently trading below its 20-day and 50-day Simple Moving Averages (SMA) on a daily basis, indicating potential short-term headwinds.

- IFCI shares rose 7.8% on September 18, 2026, amid news related to the NSE IPO.
- The stock has achieved a 29% return over the past year and a 44% year-to-date return as of September 18, 2026.
- Monthly technical trends indicate a bullish outlook with an ADX of 26.37 and a bullish Supertrend direction.
- Daily technical indicators show the stock trading below its 20-day SMA (86.8) and 50-day SMA (79.67) as of September 18, 2026.

- Soach Global set for nearly 25x gains in partial exit from NSE; to sell 20% stake in IPO
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?

### Bear Case

IFCI's recent stock performance shows a divergence across different timeframes, with a bearish signal on the daily chart contrasting with a bullish trend on the monthly chart. The daily trend indicates potential weakness, as evidenced by a negative Exponential Moving Average (EMA) slope and a bearish Super Trend direction. This is further supported by a significant current drawdown of -25% and a maximum drawdown of -37%, suggesting periods of notable price decline. The stock is trading below its 20-day and 50-day Simple Moving Averages (SMA), which could indicate short-term downward pressure. However, the monthly trend shows a bullish Super Trend direction and a positive outlook from the plus Directional Indicator (DI) relative to the minus DI, suggesting longer-term strength.

- On a daily basis, IFCI's technical indicators show a bearish trend, with the Super Trend pointing downwards as of September 18, 2026.
- The stock has experienced a current drawdown of -25% and a maximum drawdown of -37%, indicating significant price volatility.
- IFCI is trading below its 20-day SMA (86.80) and 50-day SMA (79.67) as of September 18, 2026.
- Despite the daily bearish signals, the monthly trend analysis indicates a bullish Super Trend direction.

- Soach Global set for nearly 25x gains in partial exit from NSE; to sell 20% stake in IPO
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?

### FAQs

**What recent corporate actions might impact IFCI's stock?**

IFCI Limited announced an addendum to its 33rd Annual General Meeting (AGM) notice on September 16, 2026, for the AGM scheduled on September 25, 2026. A key item is the proposed appointment of Shri Dilip Singh Punia as an Independent Director, effective September 11, 2026. This appointment was also noted in filings on September 15, 2026, and September 17, 2026. The AGM will also consider adopting financial statements for the year ended March 31, 2026, and the appointment of Shri Manikumar Sivaramakrishnan as Deputy Managing Director.

**How has IFCI's stock performed over different periods, and what is its recent volatility?**

As of September 18, 2026, IFCI's stock has shown varied returns across different timeframes. It has returned 0.44 year-to-date (YTD) and 0.36 over the last six months. However, it has seen negative returns over shorter periods, including -0.01 in the last month and -0.07 over the last three months. The stock's annualized volatility is 0.55, with a current drawdown of -0.25 and a maximum drawdown of -0.37.

**What are the key technical support and resistance levels for IFCI's stock?**

Based on technical analysis as of September 18, 2026, IFCI's stock has several key levels to monitor. Nearest support levels are identified at ₹74.54 (2.57% below current price), ₹73.01 (4.57% below), and ₹72.00 (5.90% below). On the upside, resistance is noted at ₹77.76 (1.63% above current price), ₹78.56 (2.68% above), and ₹80.30 (4.96% above).

**What is the current trend direction indicated by technical indicators for IFCI?**

Technical indicators suggest mixed trends for IFCI. On a daily timeframe, the Supertrend indicator is 'bearish' with a value of 92.92, and the 20-day Exponential Moving Average (EMA) slope is negative (-4.2). However, on a monthly timeframe, the Supertrend indicator is 'bullish' at 40.38, with a positive 20-day EMA slope. The weekly trend also shows a 'bullish' Supertrend at 69.29 and a positive 20-day EMA slope.

- Soach Global set for nearly 25x gains in partial exit from NSE; to sell 20% stake in IPO
- NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?
- IFCI Limited has informed the Exchange about Copy of Newspaper Publication - Notice to shareholders |SUBJECT: Copy of Newspaper Publication
- IFCI Limited has informed the Exchange about Addendum to the Notice of 33rd Annual General Meeting (AGM) scheduled on September 25, 2026. |SUBJECT: Addendum
- IFCI Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 25-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- IFCI Limited has informed the Exchange regarding Appointment of Mr Dilip Singh Punia (DIN: 11943788) as Non- Executive Independent Director of the company w.e.f. September 11, 2026. |SUBJECT: Appointment
- IFCI Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹77.76
- Risk regime: Price Risk Requires Attention

### Support levels
- 73.01499999999999
- 64.37
- 55.225

### Resistance levels
- 78.56
- 83.815
- 95.8

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.75% |
| return_10 | -20.23% |
| return_1m | -5.96% |
| return_1y | +29.17% |
| return_20 | -6.42% |
| return_3m | -7.05% |
| return_5 | -10.15% |
| return_6m | +36.41% |
| return_since_start | +23.34% |
| return_ytd | +44.17% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -36.74% |
| annualized_volatility | +54.51% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Impairment Reversal Drives Sequential Profit Recovery as Revenue Slides

IFCI Limited reported a sharp sequential improvement in net profit for the quarter ended June 30, 2026 (FY2026‑27 Q1), rising to ₹60.27 crore from ₹34.06 crore in the previous quarter. The improvement was largely due to a sizable reversal of impairment on financial instruments. However, revenue from operations fell both from the preceding quarter and the same quarter a year ago, indicating continued pressure on income generation.

## Revenue and Interest Income

Revenue from operations for the quarter was ₹327.06 crore, a decline of 30.5% from ₹470.43 crore in the preceding March 2026 quarter (Q4 FY2025‑26) and a 19.7% drop from ₹407.18 crore in the same quarter a year earlier.

Within revenue, interest earned stood at ₹113.28 crore. This was 26.2% lower than the ₹153.40 crore recorded in Q4, but 8.4% higher than the ₹104.48 crore earned in the year‑ago quarter. Fees and commission income contributed ₹157.95 crore to the top line during the quarter.

## Expenses and Impairment

Total expenses fell sharply to ₹262.44 crore, down 40.2% sequentially from ₹439.04 crore and down 22.9% from ₹340.40 crore in the year‑ago quarter. The decline was driven mainly by a significant swing in impairment on financial instruments.

In the current quarter, impairment on financial instruments reversed by ₹44.62 crore (a negative expense), compared with a charge of ₹83.50 crore in Q4 and a charge of ₹16.86 crore a year earlier. This reversal was the single largest factor lifting pre‑tax profitability.

Other expenses amounted to ₹77.48 crore, modestly lower than ₹79.13 crore in Q4 and meaningfully below ₹97.97 crore a year ago. Finance costs were stable at ₹103.75 crore, staying within the ₹102–104 crore range seen in recent quarters, suggesting no material change in borrowing costs or debt levels.

## Profitability

Profit before tax rose to ₹95.93 crore, a meaningful increase from ₹27.36 crore in Q4, though it was 6.7% below the ₹102.83 crore recorded in the year‑ago quarter. After a tax expense of ₹35.66 crore (an effective rate of about 37%), net profit stood at ₹60.27 crore. This compares with ₹34.06 crore in Q4 and ₹62.43 crore a year earlier. Basic earnings per share was ₹0.12, up from ₹0.05 in the preceding quarter but down from ₹0.15 in the prior‑year quarter.

Other income at ₹30.67 crore recovered sharply from just ₹12 lakh in the March 2026 quarter, though it remained below the ₹37.68 crore seen in the same quarter last year. The sequential profit improvement is almost entirely attributable to the impairment reversal, as revenue from operations shrank over the same period.

## Management Commentary

In its Q1 FY2027 results, IFCI Limited disclosed strategic plans for group consolidation via merger/amalgamation, with in-principle approval from DFS. The company continues to face significant asset quality challenges, with Gross NPAs at 95.68% and no fresh loan exposure. Capital adequacy remains a critical risk, as CRAR stood at -17.58%, well below the regulatory minimum of 15%. Additionally, management recognized interest income on stage 3 assets but fully provided for it, resulting in no net profit impact. The company maintains an impairment reserve to cover excess provisioning requirements.

## Key Takeaway

IFCI’s first‑quarter results show a sequential improvement in net profit, driven primarily by an impairment reversal rather than an expansion of core operating activity. Revenue from operations contracted significantly compared with the previous quarter and the same quarter a year earlier, underscoring ongoing pressure on income generation. While the impairment reversal lifted the bottom line, the top‑line decline highlights the challenges the business faces.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_17092026141943_STX_ADDENDUM_NP.pdf)
- 2026-09-16 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_16092026183551_STX_ADDENDUM_AGM.pdf)
- 2026-09-16 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_673_WebXMLFile_20260916_183933043.xml)
- 2026-09-15 — Management Change: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_15092026164513_STX_APPT_ID.pdf)
- 2026-09-15 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_673_WebXMLFile_20260915_164726589.xml)
- 2026-09-14 — Credit Rating Update: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_14092026172429_STX_ICRA_CREDITRATING.pdf)
- 2026-09-08 — Management Change: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_08092026165716_STX_AUDITORS.pdf)
- 2026-09-08 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_673_WebXMLFile_20260908_170042382.xml)
- 2026-09-03 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_03092026171300_STX_AGM_NEWSPAPER.pdf)
- 2026-09-02 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_02092026193527_STX_NOTICE_AGM.pdf)
- 2026-09-02 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_02092026193931_STX_BOOKCLOSURE_RECORDDATE.pdf)
- 2026-09-02 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_673_WebXMLFile_20260902_194241117.xml)
- 2026-09-01 — Annual Report: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31153_IFCI_2025_2026_A_13869982_02092026193318.pdf)
- 2026-08-18 — Credit Rating Update: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/IFCI_18082026191742_STX_CARE_AUG.pdf)
- 2026-08-18 — Credit Rating Update: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_18082026191403_STX_CARE_AUG.pdf)
- 2026-08-14 — Generic Announcement: IFCI Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_14082026154001_STX_NP_SPCLWINDOW_EMAIL.pdf)
- 2026-07-17 — Official Filing: IFCI Limited will hold a board meeting on August 11, 2026, to consider its unaudited financial results for the quarter ended June 30, 2026. The trading window for designated persons and their immediate relatives will be closed from June 30, 2026, until 48 hours after the meeting concludes on August 13, 2026.
- 2026-07-07 — Generic Announcement: IFCI Limited submitted a confirmation certificate for the quarter ended June 30, 2026, under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms that securities received for dematerialization were listed on stock exchanges and subsequently mutilated and cancelled, with the depository substituted as the registered owner. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_07072026172347_STX_REG74_5_SEBIDP.pdf)
- 2026-06-29 — Generic Announcement: IFCI Limited announced the closure of its trading window for designated persons and their immediate relatives from June 30, 2026, until 48 hours after the declaration of financial results for the quarter ending June 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The date of the board meeting to approve these results will be communicated separately. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_29062026172031_STX_TW_JUNE.pdf)
- 2026-06-17 — Generic Announcement: IFCI Limited responded to the National Stock Exchange of India Limited on June 17, 2026, regarding a significant price movement in its securities. The company stated that it has no information or events in its possession that would explain the price behavior. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_17062026105707_NSE_CLARIFICATION_REPLY.pdf)
- 2026-06-15 — Generic Announcement: IFCI Limited is publishing a notice regarding a special window for the transfer and dematerialization of physical securities, as per SEBI Circular dated January 30, 2026. This window, open from February 5, 2026, to February 4, 2027, applies to securities sold/purchased before April 1, 2019, and also covers previously rejected transfer requests. Securities transferred to the Investor Education and Protection Fund (IEPF) are excluded. Transferred securities will be credited in demat mode and locked in for one year. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_15062026165427_STX_NP_SPCLWIND_KYC.pdf)
- 2026-06-05 — Shareholding Disclosure: IFCI Limited has submitted an annual declaration for the financial year ending March 31, 2026, stating that no encumbrance on its shares has been made directly or indirectly, other than those previously disclosed to the stock exchanges, in compliance with SEBI SAST Regulations 31(4). — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_03062026120722_Image_047.pdf)
- 2026-05-10 — Generic Announcement: Shri Umesh Kumar Garg ceased to be an Independent Director of IFCI Limited effective May 10, 2026, upon completion of his tenure on May 9, 2026. This change is in continuation of previous letters dated May 25, 2023, and is in accordance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_10052026110512_STX_CESSATION_ID_signed.pdf)
- 2026-04-28 — Generic Announcement: IFCI Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, on April 28, 2026. The company also declared an unmodified opinion on its financial reports. The board also approved considering the consolidation of the IFCI Group, involving mergers or amalgamations of certain group companies, a process initiated based on in-principle approval from the Department of Financial Services. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_28042026132305_STX_OUTCOME.pdf)
- 2026-04-16 — Generic Announcement: IFCI Limited announced on April 16, 2026, the publication of a notice to shareholders regarding a special window for the transfer and dematerialisation of physical securities. This initiative, in compliance with SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, will be open for one year until February 05, 2027. Securities transferred to the Investor Education and Protection Fund (IEPF) are excluded from this window. — [Official attachment](https://nsearchives.nseindia.com/corporate/IFCI_16042026155225_STX_NP_SPCLWINDOW.pdf)

## News and market events

- 2026-09-18 — BUSINESSTODAY: **Soach Global set for nearly 25x gains in partial exit from NSE; to sell 20% stake in IPO** — NSE IPO, National Stock Exchange IPO, NSE shares, Soach Global, Soach Global Opportunities Fund, NSE IPO price band, NSE offer for sale, NSE stake sale, Anubhav Dayal, NSE investment, NSE listing, stock market, IPO news — [Source](https://www.businesstoday.in/markets/ipo-corner/story/soach-global-set-for-nearly-25x-gains-in-partial-exit-from-nse-to-sell-20-stake-in-ipo-556407-2026-09-18)
- 2026-09-17 — Mint: **NSE IPO buzz lifts New India Assurance, IFCI up to 9% | What do technical experts say?** — New India Assurance's shares rose 9.4% and IFCI's by 7.8% amid the NSE IPO. Both stocks experienced volatility, influenced by market developments. Technical analysts suggest potential support and resistance levels, indicating ongoing fluctuations in their trends. — [Source](https://www.livemint.com/market/stock-market-news/nse-ipo-buzz-lifts-new-india-assurance-ifci-up-to-9-what-do-technical-experts-say-11789623090580.html)
- 2026-09-10 — BUSINESSTODAY: **SBI, IFCI, NIACL: Check fresh target prices for selling beneficiaries in NSE's mega IPO** — Stocks to buy, Stock picks, Stocks to trade, trading views, New India Assurance Company, State Bank of India, IFCI, NIACL shares, SBI shares, IFCI shares, NIACL share price, SBI share price, IFCI share price, NIACL stock price, SBI stock price, IFCI stock price, NIACL target price, SBI target price, IFCI target price — [Source](https://www.businesstoday.in/markets/stocks/story/sbi-ifci-niacl-check-fresh-target-prices-for-selling-beneficiaries-in-nses-mega-ipo-554446-2026-09-10)
- 2026-09-09 — Mint: **IFCI share price down today- drops 14% in 2 days- Why is the stock falling?** — A day after crashing almost 10%, IFCI shares crashed more than 4.5% to an intraday low of  ₹88.40 on Wednesday. Overall, the stock has lost nearly 14% in just two consecutive sessions. — [Source](https://www.livemint.com/market/stock-market-news/ifci-share-price-down-today-drops-14-in-2-days-why-is-the-stock-falling-11788926060995.html)
- 2026-09-08 — Mint: **IFCI share price tumbles over 8% amid ongoing NSE IPO buzz** — IFCI shares opened at  ₹103.40 apiece on NSE today, as compared to previous close of  ₹102.51. The stock hit an intraday low of  ₹92.75 apiece. — [Source](https://www.livemint.com/market/stock-market-news/ifci-share-price-tumbles-over-8-amid-ongoing-nse-ipo-buzz-11788846861811.html)
- 2026-09-08 — BUSINESSTODAY: **NIACL, IFCI shares tumble after recent gains amid NSE IPO buzz; check technical outlook** — NIACL shares, IFCI shares, New India Assurance Company, IFCI, NSE IPO, NSE stake, National Stock Exchange IPO, NSE IPO buzz, NSE exposure, stock market, technical outlook, share price, technical analysis, NSE stakeholding, Indian stock market — [Source](https://www.businesstoday.in/markets/stocks/story/niacl-ifci-shares-tumble-after-recent-gains-amid-nse-ipo-buzz-check-technical-outlook-553863-2026-09-08)
- 2026-09-08 — MONEYCONTROL: **NIACL, IFCI shares fall up to 12% amid profit booking as NSE IPO GMP declines** — NSE IPO, NIACL, IFCI — [Source](https://www.moneycontrol.com/news/business/markets/niacl-ifci-shares-fall-up-to-12-amid-profit-booking-as-nse-ipo-gmp-declines-14025009.html)
- 2026-09-08 — Economic Times: **IFCI shares slide 7% after stellar 30% monthly surge amid NSE IPO buzz** — IFCI shares fell 7% after a sharp recent rally, after the stock rallied nearly 30% in a month amid Sebis approval of the NSE IPO. IFCI has indirect exposure to NSE through its stake in Stock Holding Corporation of India. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ifci-shares-slide-7-after-stellar-30-monthly-surge-amid-nse-ipo-buzz/articleshow/133908130.cms)
- 2026-09-07 — Economic Times: **IFCI shares rally 6%, turn multibagger as NSE IPO gets SEBI nod. More upside ahead?** — IFCI shares rallied 6% after Sebi approved NSEs much-awaited IPO, clearing a key hurdle for the exchanges listing. IFCI has indirect exposure to NSE through its majority stake in Stock Holding Corporation of India. The stock has surged over 500% in three years, with analysts seeing further upside. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ifci-shares-rally-6-turn-multibagger-as-nse-ipo-gets-sebi-nod-more-upside-ahead/articleshow/133865991.cms)
- 2026-09-07 — MONEYCONTROL: **Trade Spotlight: How should you trade IFCI, Balaji Amines, ACME Solar Holdings, Indraprastha Gas, Tata Communications, and others on September 7?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-ifci-balaji-amines-acme-solar-holdings-indraprastha-gas-tata-communications-and-others-on-september-7-14023879.html)
- 2026-09-06 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Monday** — Indian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monitored global market cues, US economic data, and inflation reports, while stock-specific action drove intraday activity across major sectors in a sideways-moving market environment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-monday/articleshow/133834844.cms)
- 2026-09-04 — The Hindu: **NSE IPO bet sends New India Assurance, IFCI to new highs** — The rally was driven by anticipation that the long-awaited NSE IPO may soon receive SEBI approval — [Source](https://www.thehindubusinessline.com/markets/stock-markets/nse-ipo-bet-sends-new-india-assurance-ifci-to-new-highs/article71428148.ece)
- 2026-09-04 — CNBC-TV18: **Sensex rises 363 points, Nifty gains 24 points: 3 reasons why stocks ended mixed** — Broader markets underperformed, with the Nifty Midcap index falling 156 points to 63,079, while several stocks moved sharply on company-specific developments. — [Source](https://www.cnbctv18.com/market/sensex-rises-363-points-nifty-gains-24-points-3-reasons-why-stocks-ended-mixed-19984343.htm)
- 2026-09-04 — CNBC-TV18: **New India Assurance, IFCI shares extend weekly gains ahead of NSE IPO** — With the moves seen this week, shares of New India Assurance have doubled in value so far in 2026, having gained 101%, while New India Assurance has extended its year-to-date advance to 46%. — [Source](https://www.cnbctv18.com/market/nse-ipo-timeline-selling-shareholders-new-india-assurance-stock-holding-parent-ifci-share-price-extend-gains-19984046.htm)
- 2026-09-04 — Economic Times: **IFCI shares rally 6% as NSE IPO buzz lifts sentiment; stock gains 35% in a month** — IFCI Share Price: IFCI shares surged over 6% as optimism around the long-awaited NSE IPO boosted investor interest in the state-owned financial services company, which indirectly holds more than 4% of NSE through SHCIL. The stock has rallied nearly 35% in a month, while NSEs potential IPO valuation and regulatory risks remain key factors for investors. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ifci-shares-rally-6-as-nse-ipo-buzz-lifts-sentiment-stock-gains-35-in-a-month/articleshow/133753028.cms)
- 2026-09-04 — MONEYCONTROL: **NSE targets listing on Sep 25, reports CNBC-TV18; IFCI, NIACL shares rise up to 11%** — nse ipo — [Source](https://www.moneycontrol.com/news/business/markets/nse-targets-listing-on-sep-25-reports-cnbc-tv18-ifci-niacl-shares-rise-up-to-8-14022646.html)
- 2026-09-03 — BUSINESSTODAY: **IFCI shares cross Rs 100 mark after 19 years; here's why** — IFCI shares,  IFCI shares hit record high, IFCI shares hit 52 week high, Stock Holding Corporation of India, IFCI Stock price today — [Source](https://www.businesstoday.in/markets/stocks/story/ifci-shares-cross-rs-100-mark-after-19-years-heres-why-553141-2026-09-03)
- 2026-09-03 — MONEYCONTROL: **NSE IPO effect: NIACL, IFCI extend gains on buzz of issue launch this month** — NIACL, IFCI — [Source](https://www.moneycontrol.com/news/business/markets/nse-ipo-effect-niacl-ifci-extend-gains-on-buzz-of-issue-launch-this-month-14021592.html)
- 2026-09-03 — BUSINESSTODAY: **Ola share price in focus as board to consider fundraise on September 5** — Ola share, Ola share price, Ola target, Ola target price, Ola news, Ola Electric Mobility, Ola Electric, Ola Electric news, Ola Electric share price today — [Source](https://www.businesstoday.in/markets/stocks/story/ola-share-price-in-focus-as-board-to-consider-fundraise-on-september-5-553014-2026-09-03)
- 2026-09-02 — BUSINESSTODAY: **IFCI, NIACL stocks jump up to 14%; NSE IPO buzz lifts focus: Analysts share outlook** — IFCI, NIACL, IFCI share price, NIACL share price, NSE IPO, NSE IPO buzz, NSE listing, Stock Holding Corporation of India, SHCIL, PSU stocks, government stocks, stock market, NSE DRHP, NSE IPO outlook, technical outlook, share market news — [Source](https://www.businesstoday.in/markets/stocks/story/ifci-niacl-stocks-jump-up-to-14-nse-ipo-buzz-lifts-focus-analysts-share-outlook-552837-2026-09-02)
- 2026-09-02 — CNBC-TV18: **IFCI shares surge to a 52-week high after a 10% jump on Wednesday** — Among public shareholders, over 86,000 small retail shareholders, or those with authorized share capital of up to ₹2 lakh, had a 12.92% stake in the company, while those with authorized share capital in excess of ₹2 lakh also had a 12.65% stake in the company. Investor Ashish Dhawan's name also appears in the shareholding, with a 2.17% stake. The International Finance Corporation has a 6.07% stake. — [Source](https://www.cnbctv18.com/market/ifci-share-price-surge-52-week-ahead-ahead-of-nse-ipo-stockholding-promoter-entity-shareholding-19982108.htm)
- 2026-09-02 — News18: **Market Crash Today: 10 Stocks Defy Selloff, Rally Up To 8% on September 2** — IFCI is among the biggest gainers, surging 8.02% to Rs 94.26, followed by The New India Assurance Company, up 5.67% at Rs 196.3, and Poly Medicure, which gains 5.48% to Rs 1,852.6. — [Source](https://www.news18.com/business/markets/market-crash-today-10-stocks-defy-selloff-rally-up-to-8-on-september-2-ws-l-10305500.html)
- 2026-09-02 — CNBC-TV18: **IFCI, Coal India lead Nifty 500 gainers as auto stocks fall at market open** — Brokerage calls and August auto sales numbers drove sharp moves across the Nifty 500 at market open, with UBS and HSBC weighing in on Coal India even as automakers posted mixed monthly sales — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/ifci-coal-india-nifty-500-gainers-hero-motocorp-eicher-motors-ola-electric-market-open-share-price-19981967.htm)
- 2026-08-31 — MONEYCONTROL: **Ola Electric shares jump 8%, extend gains after S1Z launch; PLI incentive, EV demand in focus** — ola electric share price today, ola electric stock update, ola electric top midcap gainer, ola electric s1z launch, ola electric ather energy new e scooter — [Source](https://www.moneycontrol.com/news/business/markets/ola-electric-shares-jump-8-extend-gains-after-s1z-launch-pli-incentive-ev-demand-in-focus-14018972.html)
- 2026-08-28 — Economic Times: **Ola Electric gets Rs 95.8 crore PLI incentive, third consecutive year - The Economic Times** — Ola Electric has secured a Rs 95.81 crore incentive under the government’s Production Linked Incentive (PLI) scheme for automobiles and auto components for FY27. This is its third consecutive payout, taking total sanctioned incentives to about Rs 536.3 crore as the electric two-wheeler maker works to revive sales and expand domestic battery and cell manufacturing. — [Source](https://economictimes.indiatimes.com/tech/technology/ola-electric-gets-rs-95-8-crore-pli-incentive-third-consecutive-year/articleshow/133596362.cms)

## Business profile

**Strategic vision:** Provides finance and advisory services across infrastructure and corporate sectors.

### Business segments
- **Project Finance:** IFCI provides project financing solutions to a wide array of sectors, including power, telecommunications, roads, oil and gas, ports, airports, basic metals, chemicals, pharmaceuticals, electronics, textiles, real estate, smart cities, and urban infrastructure.
- **Corporate Finance:** The company offers corporate finance services, which encompass balance sheet funding, loans against shares, lease rental discounting, promoter funding, and financing for long-term working capital requirements, capital expenditures, and regular maintenance capital expenditures.
- **Syndication and Advisory Services:** IFCI provides syndication services and a range of advisory services, including financial advisory, ESG advisory, and other project advisory for government and corporate clients.
- **Other Financial Services:** The company is involved in sales and resolution services for non-performing assets, real estate and infrastructure services, and risk capital schemes.

### Competitive strengths
- Established history as a public non-banking financial company.
- Registered with the Reserve Bank of India as a Systemically Important Non-Deposit taking NBFC.
- Recognized as a Public Financial Institution under the Companies Act, 2013.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ifci
Markdown representation: https://faxioms.com/stocks/ifci?render=md