Indian Railway Finance Corporation balance sheet

As of Sep 2026

Loans: ₹4,02,931cr+69.5% on Sep 2025
Total debt: ₹4,31,483cr+5.9% on Sep 2025
Total assets: ₹5,27,977cr+4.8% on Sep 2025
Shareholders' equity: ₹60,573cr+7.8% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Non-financial assets
Financial assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	29,946	211	5,680	22.8	206
	806	767	463	445	336
	3,950	2,476	369	490	495
	0.0	0.0	2,84,689	2,59,691	0.0
	4,02,931	4,19,892	5,172	4,945	2,50,080
	28.6	28.1	38.2	53.6	13.7
	81,659	83,037	1,80,859	2,07,255	2,25,273
	5,19,321	5,06,411	4,77,270	4,72,901	4,76,403
	223	175	390	344	368
	16.5	18.0	13.8	21.1	17.9
	9.3	0.4	0.6	1.0	1.3
	10.1	10.1	3.8	3.8	0.0
	8,407	10,062	11,156	11,812	14,356
	8,656	10,265	11,564	12,182	14,743
	5,27,977	5,16,676	4,88,835	4,85,082	4,91,147
Financial liabilities
	1,655	2,394	2,231	1,853	907
	2,59,225	2,62,703	2,48,831	2,25,094	2,16,094
	1,72,258	1,73,767	1,63,298	1,86,938	2,02,835
	28,446	19,540	20,449	21,457	25,637
	4,61,594	4,58,419	4,34,822	4,35,358	4,45,487
Non-financial liabilities
	309	270	260	163	105
	5,500	1,238	1,085	383	85.1
	5,809	1,509	1,345	546	190
	4,67,403	4,59,928	4,36,167	—	—
Equity
	13,069	13,069	13,069	13,069	13,069
	47,505	43,680	39,599	36,110	32,402
	60,573	56,749	52,668	—	—
	60,573	56,749	52,668	49,179	45,470
	5,27,977	5,16,676	4,88,835	4,85,082	4,91,147
Trade payables — MSME split
	1.7	1.7	1.3	1.1	1.0
	10.4	13.1	11.6	14.5	12.2

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

IRFC₹74.35

Indian Railway Finance Corporation Ltd.

· Banking & Finance

₹ CrorePeersPFC RECLTD HUDCO HDFCAMC TATACAP BAJAJHLDNG MUTHOOTFIN CHOLAFINMcap ₹97,164 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Financial Assets
+ Cash & Cash Equivalents	206.0	22.8	5,680.3	211.3	29,946.4
+ Other Bank Balances	335.6	444.6	462.9	766.5	806.0
+ Derivative Financial Instruments	495.2	489.8	369.4	2,476.4	3,950.3
+ Other Receivables	0.0	2,59,690.6	2,84,688.8	0.0	0.0
+ Loans	2,50,080.1	4,944.5	5,171.6	4,19,891.5	4,02,930.7
+ Investments	13.7	53.6	38.2	28.1	28.6
+ Other Financial Assets	2,25,272.7	2,07,255.0	1,80,859.0	83,037.4	81,658.9
Financial Assets	4,76,403.4	4,72,900.9	4,77,270.2	5,06,411.3	5,19,320.8
Non-financial Assets
+ Current Tax Assets (net)	368.0	344.1	390.2	175.2	222.7
+ Property, Plant & Equipment	17.9	21.1	13.8	18.0	16.5
+ Other Intangibles	1.3	1.0	0.6	0.4	9.3
+ Intangibles under Development	0.0	3.8	3.8	10.1	10.1
+ Other Non-financial Assets	14,356.2	11,811.6	11,156.1	10,061.6	8,407.2
Non-financial Assets	14,743.4	12,181.6	11,564.5	10,265.2	8,655.8
Total Assets	4,91,146.7	4,85,082.4	4,88,834.7	5,16,676.5	5,27,976.6
Financial Liabilities
+ Derivative Financial Instruments	907.3	1,853.2	2,230.7	2,393.9	1,655.2
+ Debt Securities	2,16,094.2	2,25,094.2	2,48,831.4	2,62,703.1	2,59,224.7
+ Borrowings (other than Debt Securities)	2,02,835.0	1,86,937.9	1,63,298.0	1,73,767.3	1,72,258.2
+ Other Financial Liabilities	25,636.9	21,456.9	20,448.6	19,540.0	28,446.1
Financial Liabilities	4,45,486.6	4,35,357.8	4,34,821.6	4,58,419.1	4,61,594.5
Non-financial Liabilities
+ Provisions	104.8	162.8	260.2	270.2	309.0
+ Other Non-financial Liabilities	85.1	383.3	1,085.2	1,238.4	5,499.8
Non-financial Liabilities	189.9	546.1	1,345.3	1,508.6	5,808.8
Total Liabilities	—	—	4,36,166.9	4,59,927.7	4,67,403.2
Equity
+ Equity Share Capital	13,068.5	13,068.5	13,068.5	13,068.5	13,068.5
+ Other Equity	32,401.8	36,110.1	39,599.3	43,680.3	47,504.8
Equity — Owners of Parent	—	—	52,667.8	56,748.8	60,573.4
Total Equity	45,470.3	49,178.6	52,667.8	56,748.8	60,573.4
Total Equity & Liabilities	4,91,146.7	4,85,082.4	4,88,834.7	5,16,676.5	5,27,976.6
Trade Payables — MSME split
+ Dues to Micro & Small — Other Payables	1.0	1.1	1.3	1.7	1.7
+ Dues to Other Creditors — Other Payables	12.2	14.5	11.6	13.1	10.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.