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Angel Broking Report
Incorporated in 1986, Indian Railway Finance Corporation Ltd. is a dedicated market borrowing arm of Indian Railways.
Their primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways, GoI.
IRFC has posted strong growth in operating income of 20.7% compound annual growth rate between FY18-20 while net profits have grown at a CAGR of 26.3% during the same period.
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