Tourism Finance Corporation of India Limited
NSE: TFCILTDFinancial Institution
Share price
₹147.05
+0.27% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
61
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹6,838 Cr
P/E ratio
44.4
P/B ratio
5.2
ROCE
11.1%
ROE
9.7%
Dividend yield
0.4%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 14.6% over the past year, and 8.5% a year over its longer record. Meanwhile what it keeps on lending improved from 47.8% to 55.5% over the last two years.
Whether it grew faster than its sector
It grew 8.5% a year against a sector median of 16.0% — 7.4 percentage points slower.
Room to re-rate, or risk of de-rating
At 44.4× earnings it costs 1.8× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 7.5×, across 5 companies. It is against its own five-year median of 14.8×, the 100th percentile of its own range.
Whether growth justifies the valuation
Priced at 3.7 times its growth rate, on earnings growth of 12%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Tourism Finance Corporation of India Limited — this one | 12%/yr | 44.4× | ₹3.7 |
| Power Finance Corporation Limited | 18%/yr | 4.2× | ₹0.23 |
| Indian Railway Finance Corporation | 3%/yr | 13.6× | ₹4.5 |
| REC Limited | 14%/yr | 4.9× | ₹0.35 |
| Housing & Urban Development Corporation Limited | 33%/yr | 7.5× | ₹0.23 |
| Indian Renewable Energy Development Agency Limited | — | 14.9× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Financial Institution), it ranks 6 of 7 on returns, 6 of 7 on growth. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 9.7% on capital, ahead of 14% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
This question does not fit a lender: the money it lends out is its day-to-day outflow and the deposits or premiums it takes are the inflow, so a cash bridge cannot say whether its growth pays for itself. Look at the return on owners' money instead.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
Not enough filed accounts to run these checks yet.
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Profit rose 97.45% to Rs 61.21 crore.
Announced 20 Jul 2026 · Standalone · Unaudited
Revenue
₹81 Cr
Revenue vs last year
+26.6%
Revenue vs last quarter
+9.5%
Net profit
₹61 Cr
Profit vs last year
+97.4%
Profit vs last quarter
+91.3%
Net margin
75.5%
EPS
₹1.32
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹6,838 Cr
- Prev close
- ₹147.05
- 52w High
- ₹154
- 52w Low
- ₹51.0
- Enterprise value
- —
- Beta
- 0.9
- Price CAGR 1y
- 86.0%
- Price CAGR 3y
- 92.0%
- Price CAGR 5y
- 58.0%
- Price CAGR 10y
- 27.0%
Ratios
- Return on assets
- 5.1%
- PEG ratio
- 3.7
- P/E ratio
- 44.4
- P/B ratio
- 5.2
- EV / EBITDA
- —
- Industry P/E
- 13.6
- ROCE
- 11.1%
- ROCE 5y average
- —
- ROE
- 9.7%
- Debt / Equity
- 0.8
- Interest coverage
- —
- Dividend yield
- 0.4%
- ROE 3y average
- 9.0%
- ROE last year
- 10.0%
Annual P&L
- Annual revenue
- ₹277 Cr
- Annual profit
- ₹123 Cr
- Operating margin
- 56.0%
- Net profit margin
- 44.4%
- EBITDA margin
- 56.3%
- Sales growth 3y
- 6.2%
- Sales growth 5y
- 1.4%
- Profit growth 3y
- 12.0%
- Profit growth 5y
- 9.0%
- EPS
- ₹2.7
- Sales growth TTM
- 15.0%
- Profit growth TTM
- 41.0%
- Dividend payout
- 22.0%
Quarter P&L
- Sales latest quarter
- ₹81 Cr
- Profit latest quarter
- ₹61 Cr
- YoY quarterly sales growth
- 26.6%
- YoY quarterly profit growth
- 96.8%
- OPM latest quarter
- 55.0%
Balance Sheet
- Book Value
- ₹28.3
- Face Value
- ₹2.0
- Total debt
- ₹1,078 Cr
- Total cash
- ₹92 Cr
- Borrowings
- ₹1,078 Cr
- Reserves / Equity
- 13.2
Cash Flow
- Operating cash flow
- -₹46 Cr
- Free cash flow
- -₹46 Cr
- FCF yield
- —
- Net cash flow
- -₹74 Cr
Shareholding
- Promoter holding
- 3.9%
- FII holding
- 5.5%
- DII holding
- 0.0%
- Public holding
- 90.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Power Fin.Corpn. | 322.60 | 4.1 | 1,06,132 | 5.75 | 8,997.9 | 2.1 | 28,526.9 | -0.0 | 9.7 |
| I R F C | 77.10 | 14.0 | 1,00,758 | 2.72 | 1,927.2 | 10.4 | 8,261.1 | 19.5 | 5.6 |
| REC Ltd | 300.00 | 4.9 | 79,171 | 6.18 | 4,192.8 | -6.1 | 14,434.9 | -2.0 | 9.7 |
| H U D C O | 161.04 | 7.6 | 32,326 | 3.76 | 851.1 | 35.0 | 3,717.2 | 26.6 | 8.4 |
| Indian Renewable | 109.00 | 15.6 | 30,649 | 1.24 | 337.5 | 36.8 | 2,248.4 | 15.5 | 8.7 |
| IFCI | 65.51 | 98.4 | 17,648 | 0.00 | 60.3 | -17.4 | 327.1 | -19.7 | 4.9 |
| Tour. Fin. Corp. | 140.65 | 42.2 | 6,509 | 0.43 | 61.2 | 100.3 | 81.0 | 27.2 | 11.1 |
| Median | 124.83 | 14.8 | 31,488 | 1.98 | 594.3 | 6.3 | 2,982.8 | 15.5 | 8.6 |
Competes with: Housing & Urban Development Corporation Limited, IFCI Limited, Indian Railway Finance Corporation, Indian Renewable Energy Development Agency Limited, Power Finance Corporation Limited, REC Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 58 | 67 | 58 | 62 | 65 | 57 | 68 | 64 | 66 | 70 | 74 | 81 |
| Expenses | 7 | 8 | 5 | 7 | 6 | 6 | 10 | 9 | 6 | 6 | 6 | 9 | 11 |
| Financing Profit | 30 | 24 | 36 | 25 | 32 | 32 | 21 | 35 | 36 | 37 | 40 | 41 | 44 |
| Financing Margin % | 50 | 42 | 54 | 43 | 52 | 50 | 36 | 52 | 57 | 55 | 57 | 55 | 55 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 2 | 0 | 1 | 0 | 34 |
| Interest | 23 | 26 | 26 | 26 | 24 | 26 | 26 | 24 | 22 | 23 | 24 | 24 | 26 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 29 | 24 | 36 | 25 | 32 | 32 | 28 | 36 | 38 | 37 | 40 | 41 | 78 |
| Tax % | 17 | 21 | 24 | 17 | 20 | 21 | 18 | 17 | 20 | 21 | 21 | 21 | 22 |
| Net Profit | 24 | 19 | 28 | 20 | 25 | 26 | 23 | 30 | 31 | 29 | 32 | 32 | 61 |
| EPS in Rs | 0.54 | 0.41 | 0.61 | 0.45 | 0.55 | 0.55 | 0.49 | 0.65 | 0.66 | 0.63 | 0.69 | 0.69 | 1.32 |
| Gross NPA % | 5.35 | 3.76 | 2.17 | 2.75 | 2.81 | 2.82 | 5.61 | 3.22 | 0.24 | 0.22 | 0.38 | 0.37 | 0.41 |
| Net NPA % | 4.16 | 2.82 | 1.38 | 1.51 | 1.54 | 1.55 | 3.92 | 1.61 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 186 | 185 | 208 | 224 | 230 | 266 | 258 | 254 | 231 | 242 | 252 | 277 | 291 |
| Expenses | 20 | 19 | 43 | 20 | 18 | 47 | 27 | 25 | 30 | 27 | 31 | 27 | 32 |
| Financing Profit | 81 | 75 | 74 | 107 | 108 | 98 | 101 | 109 | 111 | 115 | 121 | 156 | 161 |
| Financing Margin % | 43 | 41 | 35 | 48 | 47 | 37 | 39 | 43 | 48 | 47 | 48 | 56 | 55 |
| Other Income | 2 | 1 | 24 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 35 |
| Interest | 85 | 90 | 91 | 96 | 104 | 121 | 130 | 120 | 91 | 100 | 100 | 93 | 98 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 0.83 | 0.56 | 1 |
| Profit before tax | 82 | 76 | 97 | 107 | 114 | 97 | 100 | 108 | 109 | 114 | 128 | 156 | 196 |
| Tax % | 26 | 29 | 27 | 28 | 24 | 17 | 19 | 21 | 20 | 20 | 19 | 21 | |
| Net Profit | 60 | 54 | 70 | 77 | 86 | 81 | 81 | 85 | 88 | 91 | 104 | 123 | 154 |
| EPS in Rs | 1.49 | 1.33 | 1.75 | 1.92 | 2.14 | 2.01 | 2 | 1.89 | 1.95 | 2.02 | 2.24 | 2.67 | 3.33 |
| Dividend Payout % | 24 | 27 | 23 | 21 | 21 | 0 | 8 | 13 | 25 | 25 | 27 | 22 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 4%
- 5 years
- 1%
- 3 years
- 6%
- TTM
- 15%
Compounded profit growth
- 10 years
- 9%
- 5 years
- 9%
- 3 years
- 12%
- TTM
- 41%
Stock price CAGR
- 10 years
- 27%
- 5 years
- 58%
- 3 years
- 92%
- 1 year
- 86%
Return on equity
- 10 years
- 10%
- 5 years
- 9%
- 3 years
- 9%
- Last year
- 10%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 90 | 90 | 90 | 93 | 93 |
| Reserves | 398 | 433 | 474 | 597 | 656 | 673 | 711 | 847 | 927 | 999 | 1,124 | 1,223 |
| Borrowing | 956 | 996 | 1,050 | 1,304 | 1,324 | 1,447 | 1,360 | 1,272 | 999 | 978 | 862 | 1,078 |
| Other Liabilities | 65 | 80 | 96 | 35 | 30 | 43 | 34 | 35 | 29 | 39 | 23 | 19 |
| Total Liabilities | 1,501 | 1,590 | 1,700 | 2,017 | 2,091 | 2,244 | 2,185 | 2,245 | 2,045 | 2,106 | 2,102 | 2,412 |
| Fixed Assets | 30 | 29 | 20 | 15 | 14 | 18 | 16 | 17 | 15 | 15 | 14 | 13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 190 | 255 | 248 | 301 | 318 | 219 | 159 | 165 | 338 | 461 | 259 | 249 |
| Other Assets | 1,281 | 1,307 | 1,432 | 1,701 | 1,758 | 2,008 | 2,010 | 2,062 | 1,692 | 1,630 | 1,830 | 2,150 |
| Total Assets | 1,501 | 1,590 | 1,700 | 2,017 | 2,091 | 2,244 | 2,185 | 2,245 | 2,045 | 2,106 | 2,102 | 2,412 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 15 | 22 | -7 | 135 | -54 | 161 | -171 | 139 | -137 | -7 | 55 | -46 |
| Cash from Investing Activity | -0 | -0 | 31 | -0 | -0 | -1 | -0 | -2 | -0 | -0 | 12 | -0 |
| Cash from Financing Activity | -21 | -19 | -19 | -20 | -20 | -22 | -1 | 57 | -12 | -22 | 26 | -28 |
| Net Cash Flow | -6 | 3 | 6 | 115 | -74 | 139 | -172 | 193 | -149 | -29 | 94 | -74 |
| Free Cash Flow | 15 | 22 | 24 | 135 | -54 | 161 | -171 | 137 | -137 | -7 | 68 | -46 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 13 | 11 | 10 | 13 | 12 | 11 | 10 | 10 | 9 | 9 | 8 | 10 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
AUM / loan book
2,002inr_cr
2026-06-30
capital adequacy (CRAR) %
57.13pct
2026-06-30
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
gross NPA %
0.41pct
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net NPA %
1.61pct
2026-06-30
net interest margin %
7.59pct
2026-06-30
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
return on assets %
5.74
News
News and filings about Tourism Finance Corporation of India Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Depends on the price of
- Bond Markets
- Interest Rates
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Financial Services
- Industry
- Financial Institution
- Classification
- Financial Services › Financial Institution
- ISIN
- INE305A01023
News impact
Big market events that reach Tourism Finance Corporation of India Limited, and how the effect spreads.
25 Sept, 15:57 IST · Market event · medium impact
Bulk deposit interest rate rules to change from Oct 1
New bulk-deposit pricing rules from Oct 1 may raise funding costs for big banks like HDFC Bank, ICICI Bank, and SBI, squeezing their lending margins, while large depositors could earn more.
Who it hits first
- India's rulebook changes how banks price bulk deposits — large fixed deposits from companies and wealthy savers — from Oct 1.
- Banks that rely on such deposits, including HDFC Bank, ICICI Bank, and State Bank of India, may pay more when these deposits renew.
- The pack carries no rule text or rate detail, so the size of any cost rise is unknown.
Who may gain
- Large depositors may earn better rates if the rule pushes bulk-deposit pricing up.
- Banks funded mostly by everyday savings accounts feel the least pain.
- No company clearly gains business; this is a cost re-allocation, not a demand boost.
Along the supply chain
Downstream
Downstream, dearer deposits can mean dearer loans if banks pass costs to borrowers, but no pass-through is yet announced.
Upstream
No supply chain sits behind deposit pricing — banks buy no inputs for this; technology and cash-logistics vendors named in the graph see no order change.
Where demand moves
Business
No new borrowing or deposit demand is created; the business effect is a possible rise in banks' funding costs as bulk deposits reprice, trimming the gap between lending and deposit rates.
Capital
Investors may trim bank shares on margin worry and favour lenders with the strongest low-cost deposit bases until the rule detail lands.
How it spreads across sectors
Financial Services
Banks face possible funding-cost pressure from Oct 1 while insurers, brokers, and exchanges see no direct effect.
When it plays out
Immediate
1-7 days: bank shares trade on margin worry; watch for the actual rule text and bank commentary.
Medium term
1-6 months: renewed bulk deposits show the true cost hit in lenders' quarterly margins (NIM).
Short term
1-4 weeks: banks disclose bulk-deposit share and reprice loan and deposit cards ahead of Oct 1.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 14 Aug 2026 | unspecified | ₹0.6 |
|---|---|---|
| 19 Sep 2025 | split | ₹0 |
| 14 Aug 2025 | unspecified | ₹3 |
| 7 Aug 2024 | unspecified | ₹2.5 |
| 11 Aug 2023 | unspecified | ₹2.4 |
| 9 Sep 2022 | unspecified | ₹1.2 |
| 21 Sep 2021 | unspecified | ₹0.8 |
| 1 Aug 2019 | unspecified | ₹2.2 |
Splits, bonuses & buybacks
- daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 20 Aug 2026 | HRTI PRIVATE LIMITED | SELL | 24,86,357 | ₹131.44 |
| 20 Aug 2026 | HRTI PRIVATE LIMITED | BUY | 10,22,415 | ₹131.82 |
| 17 Aug 2026 | HRTI PRIVATE LIMITED | BUY | 31,22,382 | ₹121.08 |
| 17 Aug 2026 | HRTI PRIVATE LIMITED | SELL | 28,03,353 | ₹121.24 |
| 22 Jun 2026 | F3 ADVISORS PRIVATE LIMITED | SELL | 31,48,637 | ₹74.41 |
| 22 Jun 2026 | F3 ADVISORS PRIVATE LIMITED | BUY | 18,48,637 | ₹74.10 |
| 29 May 2026 | F3 ADVISORS PRIVATE LIMITED | SELL | 38,35,223 | ₹73.27 |
| 29 May 2026 | F3 ADVISORS PRIVATE LIMITED | BUY | 24,28,627 | ₹73.08 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2629 Jul 2026
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.