Power Finance Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 20.7%)
- Attractively valued vs sector (P/E 4x vs industry 33.1x)
- Trading below book value (P/B 0.7x)
- Regular dividends — yield 5.9%
- Near 52-week low — potential value zone (₹310)
Concerns
Today's Price Action
The stock closed at ₹316.4 with zero net change. Trading volume matched the 20‑day average at 38,21,771 shares, indicating neither heightened buying nor selling pressure. The price has remained confined within a narrow band for the past week, with intraday swings limited to a few rupees, reflecting a calm market sentiment and lack of catalytic news, during the trading session.
Valuation Snapshot
PFC trades at a trailing P/E of 4, markedly lower than the sector average of 0, reflecting a modest earnings multiple. The return on equity stands at 20.7%, signifying efficient capital utilisation and a strong profitability profile relative to peers, while comparable firms exhibit higher cost of capital, underscoring
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹685 | ₹10.7L Cr | 13.3 | 1.75 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,378 | ₹10.0L Cr | 17 | 2.55 | 15.9 | 7.18 | — |
| SBIN State Bank of India | ₹957 | ₹8.8L Cr | 10.5 | 1.42 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹917 | ₹5.8L Cr | 26.4 | 4.63 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹391 | ₹4.8L Cr | 8.03 | 2.8 | 37.8 | 35.1 | 0 |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹440 | ₹4.3L Cr | 20.2 | 2.24 | 11.4 | 6.98 | — |
| AXISBANK Axis Bank Limited | ₹1,220 | ₹3.8L Cr | 12.7 | 1.65 | 13.1 | 6.24 | — |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
PFC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% |
| FII | 17.85% | 17.19% | 17.93% | 17.74% | 18.04% | 18.84% |
| DII | 17.47% | 18.21% | 17.04% | 17.43% | 17.16% | 16.17% |
| Public | 8.66% | 8.58% | 9.04% | 8.83% | 8.80% | 8.97% |
Corporate Events
Interim Dividend - Rs 3.90 Per Share
Intimation of Board Meeting
Intimation of Board Meeting- Updates
Dividend - Rs 3.95 Per Share
Intimation of Board Meeting
In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of Power Finance Corporation Limited is scheduled to be held on Sunday, June 28, 2026, to
Intimation of Board Meeting pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
Interim Dividend - Rs 3.25 Per Share
Interim Dividend - Rs 4 Per Share
Interim Dividend - Rs 3.65 Per Share
Latest News
All newsPFC announces change in senior management team
*PFC announces change in senior management team* has led to investor scrutiny. The firm filed the update with the NSE, citing restructuring in its top leadership. Such changes may influence strategic direction and execution. \n\n 📊 *STOCKS:* $PFC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
Surana Telecom appoints new CFO and approves share buyback.
*Surana Telecom appoints new CFO and approves share buyback.* The board approved a buyback of up to **₹90 crore** through open market purchases. A new Chief Financial Officer has been appointed to strengthen leadership. The buyback represents **1.8%** of the paid-up capital. 📊 *STOCKS:* $STL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #CFO
GE Power India appoints new management team
*GE Power India appoints new management team.* The company has announced a change in its leadership structure, effective immediately. While no financial figures were disclosed, such shifts may influence strategic direction. Investors may assess implications for future operations and governance. 📊 *STOCKS:* GEPOWER | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
REC-PFC merger receives RBI nod
*REC-PFC merger receives RBI nod* clears a major regulatory hurdle. The Reserve Bank of India has granted 'No Objection Certificate' for the merger of REC and PFC, paving way for a unified entity. The move strengthens India’s power sector financing with a combined balance sheet of over **₹2.5 lakh crore**. Final approvals and shareholder consent are expected soon. 📊 *STOCKS:* PFC, RECLTD | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
NCLT approves GE Power's arrangement plan with JSW Energy
*NCLT approves GE Power's arrangement plan with JSW Energy.* This clears a major legal hurdle for the **₹7,000 crore** restructuring deal. The approval paves the way for JSW Energy to take over GE Power India’s operations. It marks a strategic shift in the power sector landscape. 📊 *STOCKS:* JSWENERGY, GEPL | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #Restructuring
PFC and REC approve merger to form ₹11L Cr entity
*PFC and REC approve merger to form ₹11L Cr entity.* The boards of both state-owned firms have approved the amalgamation, creating a financial entity with **₹11 lakh crore** on-balance-sheet assets. The merged entity will strengthen India’s power sector financing. Final approval awaits regulatory and shareholder consent. 📊 *STOCKS:* PFC | RECLTD | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
PFC and REC approve merger, loan book to exceed ₹11 lakh crore
*PFC and REC boards approve merger, loan book to exceed ₹11 lakh crore*. The merger of PFC and REC has been approved by both boards, creating a financial entity with a combined loan book exceeding **₹11 lakh crore**. This consolidation strengthens India’s power sector financing and enhances operational scale. The move is part of the government’s strategy to streamline public sector financial institutions. 📊 *STOCKS:* PFC | RECLTD | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
PFC-REC merger approved, to create largest power financier
*PFC-REC merger approved, to create largest power financier*. The boards of PFC and REC have approved their merger, forming India’s largest power sector financier with a combined balance sheet exceeding **₹3.7 lakh crore**. The move aims to enhance operational efficiency and strengthen funding capacity for power projects. The integration is expected to be completed by FY25. 📊 *STOCKS:* PFC, RPOWER | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
PFC board approves merger with REC at 88:100 swap ratio
*PFC board approves merger with REC at 88:100 swap ratio.* Shareholders of REC will get **88 shares** of PFC for every **100 shares** held. The merged entity will have a loan book exceeding **₹11 lakh crore**, creating one of India’s largest power sector financiers. The move aims to strengthen credit profile and operational synergies. 📊 *STOCKS:* PFC, RECLTD | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
PFC and REC to merge in all-stock deal
*PFC and REC to merge in all-stock deal* with a share swap ratio of **1 share of PFC for every 1.5 shares of REC**. The merger is expected to be completed by **Q4 FY24**, creating a unified power sector financier. The combined entity will have a loan portfolio of over **₹7.5 lakh crore**. The move aims to improve operational efficiency and strengthen India’s power infrastructure financing. 📊 *STOCKS:* PFC, RECLTD | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Merger
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Op. Profit | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — |
| Net Profit | ₹8.2K Cr 4.8% | ₹7.8K Cr 12.8% | ₹9.0K Cr 7.5% | ₹8.4K Cr 7.7% | ₹7.8K Cr 7.6% | ₹7.2K Cr 0.5% | ₹7.2K Cr 4.9% | ₹7.6K Cr |
| EPS (₹) | 19.07 9.6% | 17.4 16.4% | 20.81 8.7% | 19.14 8.4% | 17.66 9.9% | 16.07 4.3% | 16.8 1.4% | 17.04 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Expenses | ₹3.2K Cr 2.6% | ₹3.3K Cr 9963.6% | ₹-33 Cr 100.8% | ₹4.1K Cr 50.7% | ₹8.2K Cr 15.7% | ₹7.1K Cr 3.1% | ₹7.3K Cr 332.3% | ₹1.7K Cr 74.2% | ₹6.6K Cr 18.9% | ₹5.5K Cr |
| Op. Profit | — | — | — | — | — | — | — | — | — | — |
| OPM | — | — | — | — | — | — | — | — | — | — |
| Other Income | ₹49 Cr 42.4% | ₹85 Cr 23.2% | ₹69 Cr 46.8% | ₹47 Cr 40.5% | ₹79 Cr 71.7% | ₹46 Cr 56.2% | ₹105 Cr 11.7% | ₹94 Cr 123.8% | ₹42 Cr 40.0% | ₹30 Cr |
| Interest | ₹69.4K Cr 7.4% | ₹64.6K Cr 11.5% | ₹58.0K Cr 23.3% | ₹47.0K Cr 5.2% | ₹44.7K Cr 0.1% | ₹44.7K Cr 9.4% | ₹40.8K Cr 18.0% | ₹34.6K Cr 14.3% | ₹30.3K Cr 80.6% | ₹16.8K Cr |
| Depreciation | ₹63 Cr 12.5% | ₹56 Cr 5.7% | ₹53 Cr 1.9% | ₹52 Cr 48.6% | ₹35 Cr 40.0% | ₹25 Cr 4.2% | ₹24 Cr 60.0% | ₹15 Cr 0.0% | ₹15 Cr 63.4% | ₹41 Cr |
| PBT | ₹42.9K Cr 10.9% | ₹38.6K Cr 15.0% | ₹33.6K Cr 26.8% | ₹26.5K Cr 13.3% | ₹23.4K Cr 17.6% | ₹19.9K Cr 41.1% | ₹14.1K Cr 21.1% | ₹17.9K Cr 51.6% | ₹11.8K Cr 123.8% | ₹5.3K Cr |
| Tax % | 22.0% 4.8% | 21.0% 0.0% | 21.0% 5.0% | 20.0% 0.0% | 20.0% 4.8% | 21.0% 36.4% | 33.0% 13.8% | 29.0% 16.0% | 25.0% 56.9% | 58.0% |
| Net Profit | ₹33.6K Cr 10.2% | ₹30.5K Cr 15.3% | ₹26.5K Cr 24.9% | ₹21.2K Cr 12.8% | ₹18.8K Cr 19.4% | ₹15.7K Cr 65.8% | ₹9.5K Cr 25.0% | ₹12.6K Cr 43.7% | ₹8.8K Cr 293.4% | ₹2.2K Cr |
| EPS (₹) | 78.49 12.7% | 69.67 16.3% | 59.88 24.4% | 48.15 13.4% | 42.47 19.3% | 35.6 65.0% | 21.58 28.2% | 30.06 48.3% | 20.27 199.0% | 6.78 |
| Div Payout | 24.0% 4.3% | 23.0% 0.0% | 23.0% 4.5% | 22.0% 4.3% | 23.0% 4.5% | 22.0% 37.1% | 35.0% | 0.0% 100.0% | 31.0% 47.5% | 59.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹3.3K Cr 0.0% | ₹3.3K Cr 0.0% | ₹3.3K Cr 25.0% | ₹2.6K Cr 0.0% | ₹2.6K Cr 0.0% | ₹2.6K Cr 0.0% | ₹2.6K Cr 0.0% | ₹2.6K Cr 0.0% | ₹2.6K Cr 0.0% | ₹2.6K Cr |
| Reserves | ₹1.2L Cr 8.1% | ₹1.1L Cr 17.0% | ₹97.8K Cr 20.0% | ₹81.5K Cr 18.1% | ₹69.0K Cr 18.8% | ₹58.1K Cr 24.3% | ₹46.8K Cr 5.1% | ₹44.5K Cr 19.6% | ₹37.2K Cr 8.7% | ₹34.2K Cr |
| Borrowings | — | — | — | — | — | — | — | — | — | — |
| Other Liabilities | ₹94.7K Cr 6.9% | ₹88.6K Cr 16.9% | ₹75.8K Cr 24.6% | ₹60.8K Cr 3.3% | ₹58.8K Cr 6.5% | ₹55.3K Cr 13.8% | ₹48.6K Cr 14.9% | ₹42.3K Cr 1.7% | ₹41.5K Cr 110.9% | ₹19.7K Cr |
| Total Liabilities | ₹12.2L Cr 3.8% | ₹11.8L Cr 13.4% | ₹10.4L Cr 15.9% | ₹9.0L Cr 13.3% | ₹7.9L Cr 2.0% | ₹7.8L Cr 11.7% | ₹6.9L Cr 10.4% | ₹6.3L Cr 20.4% | ₹5.2L Cr 101.3% | ₹2.6L Cr |
Assets | ||||||||||
| Fixed Assets | ₹764 Cr 0.4% | ₹761 Cr 0.4% | ₹764 Cr 2.3% | ₹782 Cr 8.8% | ₹719 Cr 110.9% | ₹341 Cr 43.3% | ₹238 Cr 21.4% | ₹196 Cr 21.7% | ₹161 Cr 45.6% | ₹296 Cr |
| CWIP | ₹105 Cr 19.3% | ₹88 Cr 125.6% | ₹39 Cr 77.3% | ₹22 Cr 58.5% | ₹53 Cr 84.2% | ₹336 Cr 16.7% | ₹288 Cr 44.7% | ₹199 Cr 54.3% | ₹129 Cr 22.9% | ₹105 Cr |
| Investments | ₹14.3K Cr 11.7% | ₹12.8K Cr 16.6% | ₹11.0K Cr 83.7% | ₹6.0K Cr 58.3% | ₹3.8K Cr 7.9% | ₹3.5K Cr 20.5% | ₹4.4K Cr 4.3% | ₹4.6K Cr 16.2% | ₹5.5K Cr 74.7% | ₹3.1K Cr |
| Other Assets | ₹12.1L Cr 3.7% | ₹11.6L Cr 13.4% | ₹10.3L Cr 15.5% | ₹8.9L Cr 13.1% | ₹7.9L Cr 1.9% | ₹7.7L Cr 11.9% | ₹6.9L Cr 10.5% | ₹6.2L Cr 20.7% | ₹5.2L Cr 101.9% | ₹2.6L Cr |
| Total Assets | ₹12.2L Cr 3.8% | ₹11.8L Cr 13.4% | ₹10.4L Cr 15.9% | ₹9.0L Cr 13.3% | ₹7.9L Cr 2.0% | ₹7.8L Cr 11.7% | ₹6.9L Cr 10.4% | ₹6.3L Cr 20.4% | ₹5.2L Cr 101.3% | ₹2.6L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-92.3K Cr 5.7% | ₹-97.8K Cr 31.0% | ₹-74.7K Cr 1623.2% | ₹4.9K Cr 108.3% | ₹-59.1K Cr 40.3% | ₹-42.1K Cr 47.5% | ₹-80.3K Cr 40.4% | ₹-57.1K Cr 3283.7% | ₹1.8K Cr 113.5% | ₹-13.3K Cr |
| Investing CF | ₹-2.2K Cr 35.1% | ₹-3.4K Cr 101.2% | ₹-1.7K Cr 209.7% | ₹-547 Cr 131.4% | ₹1.7K Cr 2484.9% | ₹-73 Cr 99.5% | ₹-13.5K Cr 1055.5% | ₹1.4K Cr 311.2% | ₹-667 Cr 66.2% | ₹-2.0K Cr |
| Financing CF | ₹94.2K Cr 7.0% | ₹1.0L Cr 34.1% | ₹75.5K Cr 1002.1% | ₹-8.4K Cr 113.9% | ₹60.4K Cr 39.2% | ₹43.4K Cr 53.6% | ₹93.6K Cr 80.0% | ₹52.0K Cr 2567.6% | ₹1.9K Cr 81.2% | ₹10.4K Cr |
| Net Cash Flow | ₹-323 Cr 1109.4% | ₹32 Cr 103.7% | ₹-874 Cr 78.2% | ₹-4.0K Cr 232.8% | ₹3.0K Cr 156.4% | ₹1.2K Cr 1303.1% | ₹-98 Cr 97.4% | ₹-3.7K Cr 220.8% | ₹3.1K Cr 163.0% | ₹-4.9K Cr |
| Free Cash Flow | ₹-93.1K Cr 5.1% | ₹-98.1K Cr 31.2% | ₹-74.8K Cr 1725.1% | ₹4.6K Cr 107.8% | ₹-59.2K Cr 40.1% | ₹-42.3K Cr 47.4% | ₹-80.4K Cr 40.4% | ₹-57.2K Cr 3646.3% | ₹1.6K Cr 112.0% | ₹-13.5K Cr |
Values in ₹ Cr · Source: Screener.in
Deep Dive Analysis
About Power Finance Corporation Limited
Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]
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