IRFC IPO: Outlook And Valuation, By Angel Broking
Trains running on railway tracks in Mumbai. (Photo: BloombergQuint) 

IRFC IPO: Outlook And Valuation, By Angel Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Angel Broking IRFC IPO Note.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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